8507 E MONTECITO Avenue, Scottsdale, AZ 85251, Scottsdale, 85251 - 3 bed, 3 bath
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Scottsdale, AZ 85251
This Turnkey Luxury Residence is listed at $995,000, representing a market-aligned valuation for a fully modernized asset. While the price sits slightly above the $971,478 Fair Market Value, the home justifies its cost with an Excellent Condition Rating, a Granite Kitchen, and a New Pool and Spa with travertine decking. Located near Navajo Elementary School within a highly-rated school district and a premier short-term rental zone, the property offers immediate income potential and lifestyle luxury. This is an ideal acquisition for Owner-Occupants or Short-Term Rental Investors seeking a high-performance Scottsdale asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8507 E MONTECITO Avenue Subject | $950,000* List Price | 3 | 3 | 1,545 | $561 | - |
A 4507 N 82ND Street Sold | $765,000 | 3 | 2 | 1,566 | $489 | 0.4 mi |
B 8513 E INDIANOLA Avenue Sold | $1,095,000 List Price | 4 | 3 | 1,786 | 0.5 mi | |
C 8250 E MACKENZIE Drive Sold | $699,900 | 3 | 2 | 1,610 | $435 | 0.3 mi |
D 3809 N 87TH Way Sold | $699,000 List Price | 3 | 2 | 1,555 | 0.5 mi | |
E 8014 E FAIRMOUNT Avenue Sold | $690,000 | 3 | 2 | 1,501 | $460 | 0.7 mi |
F 8743 E RANCHO VISTA Drive Sold | $935,000 | 3 | 2 | 1,593 | $587 | 0.7 mi |
G 8314 E CAMELBACK Road Active | $924,900 List Price | 3 | 2 | 1,670 | $554 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1958, the property has undergone an extensive recent renovation to meet modern luxury standards. The interior features high-quality granite countertops, updated cabinetry, and sleek large-format tile flooring throughout. The bathrooms have been fully remodeled with contemporary vanities and custom tile work. Additionally, the property boasts a newly constructed pool and spa with premium travertine decking, and the overall maintenance of the systems and fixtures appears to be in like-new condition with no visible deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8923, living area = 1545.
Located in a premier short-term rental zone, this property is optimized for high-yield STR performance with immediate cash flow potential and the option for a dual-property portfolio.
The property features a newly constructed pool and spa framed in high-end travertine tile, creating a private resort-style oasis on a generous 8,923 square foot lot.
Originally built in 1958, the property may have aging infrastructure or structural limitations common to mid-century homes despite its modern cosmetic updates.
At nearly $644 per square foot, the property is priced at a significant premium for its size, which may limit the buyer pool or challenge appraisal values.
Modern comfort meets effortless income at this Scottsdale stunner, designed for both high-style living and STR performance. Featuring a granite kitchen, 2.5 baths, and sleek tile throughout, the layout is as functional as it is refined. Step outside to your private oasis: a newly built pool and spa framed in travertine tile...perfect for lounging or entertaining. Set on a generous lot in one of the city's top Airbnb zones, this home offers immediate cash flow or a luxe lock-and-leave lifestyle. Can be purchased solo or as part of a rare dual-property portfolio across the street.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades 6-8 • 1.2 mi
Grades 9-12 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 3.0 | 2.0 | 64% |
| Square foot | 1,545 | 1,876 | 16% |
| Lot Size | 8,923 | 7,740.5 | 69% |
| Price | $950.0K | $682.5K | 78% |
| Price per sq ft | $615 | $403 | 84% |
| Built year | 1958 | 1960 | 28% |
| HOA | $0 | $0 | 50% |
| Days on market | 104 | 2095 | 1% |
Apr 15, 2026
$950,000
$995,000
-5% Price Drop
Initial Listing
Jan 8, 2026
$995,000
Initial Listing