8525 E PASADENA Avenue, Scottsdale, AZ 85250, Scottsdale, 85250 - 7 bed, 5 bath
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Scottsdale, AZ 85250
This Versatile Scottsdale Residence is a turnkey property listed at $999,900, reflecting a strategic premium for its high-density configuration over the $929,112 Fair Market Value. Boasting a Turn-Key Condition Rating, the home features a remodeled kitchen with quartz countertops and a 14-foot swim spa. The unique 7-bedroom layout includes a mother-in-law suite, offering significant income potential. Market trends show strong demand for high-capacity homes in this No HOA area near Old Town. This asset balances luxury lifestyle with high-yield utility, making it an ideal acquisition for Short-Term Rental Investors or Large Families.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8525 E PASADENA Avenue Subject | $949,900* List Price | 7 | 5 | 2,614 | $355 | - |
A 8407 E Crestwood Way Active | $710,000 List Price | 5 | 3 | 2,376 | $299 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation that aligns with current market standards. The interior features a modern open-concept kitchen with white shaker cabinetry, quartz countertops, a large wrap-around island, and stainless steel appliances. All bathrooms have been updated with contemporary tiled showers and fixtures. Significant capital improvements include a new roof, a 2019 HVAC system, and premium outdoor upgrades such as a 2023 swim spa and extensive paver work. Despite the 1961 build date, the home is in turn-key condition with no visible deferred maintenance.
The property is uniquely configured for multiple income streams, including Airbnb, PadSplit, or group home use, featuring seven bedrooms and a separate mother-in-law suite with its own kitchenette.
The backyard serves as a high-end entertainment hub with a 14-foot swim spa (2023), built-in BBQ island, firepit, and extended paver patio, significantly increasing its appeal for short-term rentals.
Located minutes from Old Town Scottsdale and major attractions, the absence of an HOA offers owners maximum flexibility for property modifications and rental strategies without restrictive oversight.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 7, other record bedroom count = 5.
Fitting seven to eight bedrooms into 2,614 square feet results in a high-density layout that may feel cramped and could limit the property's appeal to traditional single-family residential buyers.
While the home features a new roof and 2019 A/C, the original 1961 construction may still harbor older plumbing or electrical components that could require ongoing maintenance compared to newer builds.
Remodeled Scottsdale home offering flexible living and income potential just minutes from Old Town Scottsdale, Talking Stick Resort, spring training, shopping, dining, and more. Currently operating as a successful short-term rental generating over $100K annually with low operating expenses, this fully furnished turn-key property is ready to go with cleaners and staff in place for a seamless transition. Guests appreciate the 7 separate bedrooms allowing everyone to spread out comfortably, unlike many nearby rentals with multiple bunk beds per room. Features include dual en suites, open floorplan with wraparound island, stainless steel appliances, recessed lighting, and tiled showers throughout. Private mother-in-law suite with kitchenette, living room, bathroom, and bedroom offers the flexibility to rent separately or use as a house hack opportunity. No HOA, excellent neighbors, ample parking, new roof, and A/C replaced in 2019. Entertainer's backyard features a firepit, built-in BBQ island, extended paver patio, and a 14' swim spa with heater/chiller that guests love year-round. Estimated gross yield projections and short-term rental proformas available upon request.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 3.0 | 97% |
| Baths | 5.0 | 2.0 | 94% |
| Square foot | 2,614 | 2,148 | 80% |
| Lot Size | 7,852 | 7,541 | 63% |
| Price | $949.9K | $650.0K | 77% |
| Price per sq ft | $363 | $372 | 49% |
| Built year | 1961 | 1966 | 9% |
| HOA | $0 | $0 | 50% |
| Days on market | 88 | 1821 | 3% |
May 15, 2026
$949,900
$999,800
-5% Price Drop
Initial Listing
Apr 21, 2026
$999,800
$999,900
+0% Price Increase
Initial Listing
Mar 11, 2026
$999,900
Initial Listing