8714 E PLAZA Avenue, Scottsdale, AZ 85250, Scottsdale, 85250 - 4 bed, 2 bath
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8714 E PLAZA Avenue
Scottsdale, AZ 85250
ACTIVE
CONDITION: EXCELLENT
4Beds
2Baths
2,140Sq Ft
6,712Lot Size
Property Price
LIST PRICE$825,000
EST. MARKET VALUE
$859,427
4% BelowMARKET VALUE
SUMMARY
This High-Potential Investment Opportunity is a Turnkey Short-Term Rental listed at $825,000, positioned well below the $859,427 Fair Market Value by 4%. This valuation gap provides $34,427 in Instant Equity. Featuring a Heated Pool, Hot Tub, and Movie Theater, the property maintains a Condition Rating of 2 following high-end renovations. With no HOA and a prime Old Town Scottsdale location, this asset is ideal for Buy-and-Hold Investors or Short-Term Rental Operators seeking immediate, established revenue.
Estimated Market Value
$859,427+$34,427 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Scottsdale.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8714 E PLAZA Avenue Subject 4 bd · 2 ba · 2,140 sqft · $402 | $825,000* List Price | 4 | 2 | 2,140 | $402 | - |
A 8749 E MONTEBELLO Avenue Sold 4 bd · 3 ba · 2,149 sqft · $407 · 0.4 mi | $875,000 | 4 | 3 | 2,149 | $407 | 0.4 mi |
B 8607 E JACKRABBIT Road Sold 3 bd · 2 ba · 1,540 sqft · $455 · 0.2 mi | $700,000 | 3 | 2 | 1,540 | $455 | 0.2 mi |
C 6107 N 87TH Place Sold 3 bd · 3 ba · 2,160 sqft · $442 · 0.8 mi | $955,000 | 3 | 3 | 2,160 | $442 | 0.8 mi |
D 8725 E Edward Avenue Sold 3 bd · 2 ba · 2,064 sqft · $462 · 1.0 mi | $953,000 | 3 | 2 | 2,064 | $462 | 1.0 mi |
E 8731 E Sandalwood Drive Sold 3 bd · 2 ba · 1,615 sqft · $402 · 0.2 mi | $650,000 | 3 | 2 | 1,615 | $402 | 0.2 mi |
F 8325 E CRESTWOOD Way Sold 4 bd · 3 ba · 2,421 sqft · $357 · 0.5 mi | $865,000 | 4 | 3 | 2,421 | $357 | 0.5 mi |
G 8407 E BONNIE ROSE Avenue Sold 3 bd · 2 ba · 1,540 sqft · $471 · 0.4 mi | $725,000 | 3 | 2 | 1,540 | $471 | 0.4 mi |
H 8319 E Bonnie Rose Avenue Sold 3 bd · 2 ba · 1,828 sqft · $336 · 0.5 mi | $615,000 | 3 | 2 | 1,828 | $336 | 0.5 mi |
I 8620 E PLAZA Avenue Active Under Contract 4 bd · 3 ba · 2,195 sqft · $467 · 0.1 mi | $1,024,999 List Price | 4 | 3 | 2,195 | $467 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
While originally built in 1961, the property has undergone a comprehensive high-end renovation within the last 5 years to serve as a turnkey short-term rental. The bathrooms feature modern tile, vanities, and black hardware; the interior includes a professional-grade movie theater conversion with a new mini-split HVAC system; and the exterior, pool, and systems appear in mint, maintenance-free condition.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Investment Potential
As a fully-furnished, established income-producing short-term rental, this property offers immediate revenue generation and saves the buyer over $75,000 in startup and furnishing costs.
- Prime Location & No HOA
Situated in the heart of Old Town Scottsdale with no HOA restrictions, the property provides maximum flexibility for rental operations in a high-demand tourism hub.
- Premium Guest Amenities
The inclusion of a heated pool, hot tub, movie theater, and game room makes this an 'entertainer’s dream' that can accommodate up to 14 guests, significantly driving up its nightly rate potential.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Living area discrepancy between mls listing and other public or private record. mls listing living area = 2140, other record living area = 1620.
- Vintage Construction
Built in 1961, the property may require more frequent maintenance or updates to aging systems and infrastructure compared to newer builds in the Scottsdale market.
- High-Occupancy Wear and Tear
With a capacity to sleep 14 people, the interior finishes and mechanical systems likely experience accelerated wear, necessitating a higher-than-average maintenance budget.
About 8714 E PLAZA Avenue
Tucked in the vibrant HEART of OLD TOWN SCOTTSDALE, this FULLY-FURNISHED turnkey SHORT TERM RENTAL/AIRBNB is an established INCOME-PRODUCING VACATION RENTAL. An ENTERTAINER'S DREAM with a HEATED POOL, hot tub, game room, movie theater, covered patio, turf area, mature citrus tree & NO HOA. Guests rave about the amenities & outstanding location (home sleeps 14 with 8 beds). ***INVESTORS: hit the ground running & SAVE $75K+ IN SET UP COSTS with this truly turnkey investment property & GENERATE REVENUE AS SOON AS YOU CLOSE, in time for END OF YEAR TAX DEADLINES. Whether you're looking for the perfect lock & leave home or a short-term vacation rental investment opportunity, this place has it all. View this gem today!
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1961
- Lot Size
- 6,712 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 2.0 | 3.0 |
| Square foot | 2,140 | 2,608.685 |
| Lot Size | 6,712 | 10,404.073 |
| Price | $825.0K | $1.16M |
| Price per sq ft | $386 | $444 |
| Built year | 1961 | 1993 |
| HOA | $0 | $293 |
| Days on market | 24 | 82 |
Pricing History
Listed for Sale
Sep 30, 2026
$825,000
Initial Listing