8336 E Montecito Avenue, Scottsdale, AZ 85251, Scottsdale, 85251 - 3 bed, 2 bath
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Scottsdale, AZ 85251
This Renovated Scottsdale Residence is a High-Potential Investment Opportunity, with a List Price of $650,000—positioned well below the $740,918 Fair Market Value by 12%. This valuation gap provides $90,918 in Instant Equity. Boasting an Excellent Condition Rating following $164,000 in recent upgrades—including new HVAC, rewired electrical, and remodeled bathrooms—the home features Mountain Views and a Gourmet Island Kitchen. Located near Old Town Scottsdale, it perfectly balances lifestyle luxury with significant financial upside. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8336 E Montecito Avenue Subject | $650,000* List Price | 3 | 2 | 1,416 | $523 | - |
A 8515 E MACKENZIE Drive Sold | $629,000 | 3 | 2 | 1,066 | $590 | 0.2 mi |
B 4507 N 82ND Street Sold | $765,000 | 3 | 2 | 1,566 | $489 | 0.3 mi |
C 3809 N 87TH Way Sold | $699,000 List Price | 3 | 2 | 1,555 | 0.7 mi | |
D 4026 N 83RD Street Sold | $740,000 | 4 | 2 | 1,696 | $436 | 0.4 mi |
E 8124 E Mitchell Drive Sold | $649,997 | 3 | 2 | 1,536 | $423 | 0.8 mi |
F 8143 E COLUMBUS Avenue Sold | $580,000 | 3 | 2 | 1,302 | $445 | 0.7 mi |
G 8531 E CLARENDON Avenue Active | $650,000 List Price | 3 | 2 | 1,641 | $396 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone extensive renovations within the last five years, including a full kitchen update with stainless steel appliances and an oversized island, completely remodeled bathrooms (2024), and new flooring (2024). Major systems have also been modernized, with rewired electrical (2022), a new HVAC system (2024), and pipe lining (2024), meeting the criteria for a virtually new interior and mechanical state.
With over $164,000 invested in recent improvements, including a new HVAC (2024), rewired electrical (2022), and pipe lining (2024), the home offers the mechanical reliability of a much newer property.
Ideally situated near Old Town Scottsdale, the Greenbelt, and Fashion Square, this property provides elite access to the city's best dining, shopping, and outdoor recreation.
The backyard is fully optimized for the Arizona lifestyle, featuring a large covered patio, built-in BBQ, and professional landscaping with turf, making it move-in ready for entertaining.
At 1,416 square feet, the interior footprint is relatively small for a three-bedroom home, which may feel restrictive for families or those requiring a dedicated home office.
Built in 1959, the home may possess architectural characteristics of its period, such as lower ceiling heights or smaller closets, that cannot be easily changed through surface-level remodeling.
Welcome to this beautifully upgraded 3 bedroom, 2 bathroom home in Scottsdale Estates. The eat-in kitchen features stainless steel appliances, an oversized island, and ample cabinetry, opening to a great room with a cozy fireplace. The backyard is perfect for entertaining with a large covered patio, built-in BBQ, turf, and mature landscaping. Over $164,000 in upgrades include all electrical rewired (2022), both bathrooms remodeled (2024), pipe lining (2024), HVAC (2024), new flooring (2024), and resurfaced walls (2024). See documents tab for the full list of upgrades. Ideally located near Old Town Scottsdale with easy access to the Greenbelt, Scottsdale Fashion Square, shopping, dining, and more. entertainment, all within walking or biking distance.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,416 | 1,876 | 9% |
| Lot Size | 6,823 | 7,638 | 28% |
| Price | $650.0K | $675.0K | 49% |
| Price per sq ft | $459 | $403 | 65% |
| Built year | 1959 | 1960 | 40% |
| HOA | $0 | $0 | 50% |
| Days on market | 41 | 2095 | 1% |
Mar 12, 2026
$650,000
Initial Listing