8408 E Lewis Avenue, Scottsdale, AZ 85257, Scottsdale, 85257 - 3 bed, 2 bath
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Scottsdale, AZ 85257
This Turnkey Income-Generating Asset is listed at $684,900, representing a stable market entry aligned with its $665,921 Fair Market Value. Boasting an exceptional Condition Rating of 2, the home features a recently renovated chef’s kitchen with granite waterfall countertops and a resort-style backyard with a pool. With a new tenant in place paying $4,300 per month, the property provides immediate cash flow in a high-demand South Scottsdale location near Old Town. It is a perfect match for Buy-and-Hold Investors or Owner-Occupants seeking a future residence with secured interim yield.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8408 E Lewis Avenue Subject | $684,900* List Price | 3 | 2 | 1,590 | $419 | - |
A 8532 E SHERIDAN Street Sold | $625,000 | 3 | 2 | 1,520 | $411 | 0.2 mi |
B 1379 N 86TH Way Sold | $575,000 | 3 | 2 | 1,668 | $345 | 0.8 mi |
C 8141 E Palm Lane Sold | $645,000 | 4 | 2 | 1,620 | $398 | 0.5 mi |
D 8222 E SHERIDAN Street Sold | $595,000 | 4 | 2 | 1,594 | $373 | 0.2 mi |
E 7701 E HUBBELL Street Sold | $720,000 | 4 | 2 | 1,930 | $373 | 0.9 mi |
F 8602 E CAMBRIDGE Avenue Active | $625,000 List Price | 3 | 2 | 1,529 | $409 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1960, the property has undergone an extensive recent renovation within the last 5 years that brings it up to modern quality standards. The home features a completely updated chef's kitchen with high-end KitchenAid stainless appliances, granite waterfall countertops, and white shaker cabinetry. Additional upgrades include redone bathrooms, new tile and carpet flooring, modern custom closet doors, dual-pane windows, and new plantation shutters, leaving no visible deferred maintenance.
With a new tenant already in place paying $4,300 per month, this property offers immediate cash flow and a strong yield for investors looking for a turnkey asset.
The home features a recently updated chef's kitchen with granite waterfall countertops, KitchenAid appliances, and modern bathroom finishes, ensuring a contemporary aesthetic.
Situated near Old Town Scottsdale and Sky Song, the property offers excellent proximity to top-tier dining, shopping, and entertainment, enhancing its long-term value.
The current lease agreement prevents immediate move-in for owner-occupants, which may limit the buyer pool to real estate investors.
Despite cosmetic upgrades, the 1960s construction may involve older underlying systems like plumbing or electrical that could require future maintenance compared to newer builds.
New Tenant in place $4300/ month! Recently Renovated mid century South Scottsdale home in desirable neighborhood with pool / resort style backyard. Best Priced in the area! Large open great room concept to all new chef's kitchen with white cabinets, granite w/waterfall detail, subway tile,Kitchenaid stainless appliances, gas cooktop farmhouse sink. Carpet inHome is light & bright with new plantation shutters.Recently interior &exterior painted.Bathrooms redone.New modern custom interior closet doors & garage floor epoxy.& cabinets. Dual pane widows and fans.Sparkling diving pool with new pool motor filter & cleaner. Outstanding location close to all that South Scottsdale has to offer: Old Town,Sky Song, entertainment, ballparks, golf, restaurants, shopping
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 | 1,590 | 1,620 | 42% |
| Lot Size | 6,795 | 7,443 | 32% |
| Price | $684.9K | $575.0K | 65% |
| Price per sq ft | $431 | $345 | 73% |
| Built year | 1960 | 1960 | 50% |
| HOA | $0 | $0 | 50% |
| Days on market | 108 | 1959 | 1% |
Jan 5, 2026
$684,900
Initial Listing