8502 E Cave Creek Road 38, Carefree, AZ 85377, Carefree, 85377 - 3 bed, 3 bath
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Carefree, AZ 85377
This Luxury Remodeled Townhouse is a Strong Value Opportunity, listed at $1,095,000—positioned well below the $1,155,759 Fair Market Value by 5%. This valuation gap provides $60,759 in Instant Equity. Boasting a Condition Rating of 2, the home features a comprehensive 2019-2023 remodel including a chef’s kitchen, all en suite bedrooms, and a masonry pizza oven with unobstructed Continental Mountain views. With access to top-rated schools like Black Mountain Elementary, this turnkey residence is ideal for Luxury Downsizers or Owner-Occupants seeking a sophisticated desert sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8502 E Cave Creek Road 38 Subject | $1,095,000* List Price | 3 | 3 | 2,031 | $539 | - |
A 8502 E Cave Creek Road 31 Active | $1,195,000 List Price | 2 | 2 | 1,927 | $620 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property underwent an extensive remodel between 2019 and 2023, which is within the 5-year window for an excellent rating. This includes fully updated kitchen and bathrooms, new interior/exterior paint, updated LED lighting, and a remodeled patio. The home is in mint, move-in-ready condition with no maintenance required.
The property underwent significant updates from 2019-2023, including a fully remodeled kitchen, bathrooms, and updated LED lighting, ensuring a turnkey, move-in-ready experience.
The north-facing patio is a standout feature, equipped with a masonry pizza oven, granite countertops, and unobstructed views of Continental Mountain.
This home offers a highly desirable floor plan where all three bedrooms feature private en suite bathrooms, providing exceptional privacy for residents and guests.
The association fee is $902 per month, which represents a significant recurring expense that may impact the overall affordability for some buyers.
While the view of the runway is a unique feature, the close proximity to the SkyRanch airport may result in intermittent noise that could deter noise-sensitive buyers.
A rare opportunity to own one of the few all en suite 3-bedroom patio homes located in the SkyRanch at Carefree gated community. The third bedroom has exterior access from the patio. Extensively remodeled 2019-2023 including all kitchen and baths, quartz countertops, interior/exterior paint and stucco, HOA mandated exposed metal garage door and gates, updated LED lighting, and all new hardware. The north facing covered patio was remodeled to include AZ cool decking and a gas/wood fired masonry pizza oven. It features a vista that includes the airport runway at distance with an unobstructed view of Continental Mountain as a backdrop. Community amenities include a heated swimming pool and spa, tennis court, dog park and new asphalt roads updated 2025. There is nothing left to do but move in.
No exterior & parking available.
Grades PK-6 • 4.2 mi
Grades 6-8 • 7.2 mi
Grades 9-12 • 4.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,031 | - |
| Lot Size | 23,293 | - |
| Price | $1.09M | $822.5K |
| Price per sq ft | $539 | $336 |
| Built year | 1995 | 0 |
| HOA | $902 | $0 |
| Days on market | 82 | 2512 |
May 1, 2026
$1,095,000
Initial Listing