
Carefree, AZ 85377
This Custom Desert Residence represents a High-Potential Investment Opportunity, listed at $965,000—positioned slightly above the $943,351 Fair Market Value. While the home requires modernization, its Fair Condition Rating is balanced by significant architectural character, including wood-beamed ceilings and a massive flexible loft. The expansive .98-acre lot and detached powered shed offer substantial value-add potential for personalization. Located in a quiet Carefree community with mountain views, this property is an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a unique, customizable desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9033 E LAZYWOOD Place Subject | $899,000* List Price | 3 | 3 | 2,981 | $302 | - |
A 36444 N STARDUST Lane Pending | $995,000 List Price | 4 | 3 | 3,403 | $292 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1979 (45 years old), the property is well-maintained but remains largely in original condition. While the architectural features like wood-beamed ceilings are preserved and the zoned HVAC is functional, the interior finishes—including parquet flooring, dated carpeting, and mirrored walls—require modernization. It fits the 'Fair' criteria as a functional but dated home needing cosmetic updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 42951, living area = 2981.
The home features dramatic wood-beamed ceilings, a striking rock fireplace, and a massive flexible loft space that offers unique charm and adaptability for a home office, studio, or guest suite.
Situated on nearly an acre with mature saguaros and mountain views, the property includes a detached powered shed with water connections, providing exceptional privacy and workshop potential.
Built in 1979 and described as older, the home likely requires cosmetic updates or modernization to meet the expectations of contemporary luxury buyers.
The assigned public schools are located between 4.6 and 7.4 miles away, which may be a drawback for families prioritizing a short daily commute for education.
MAJOR PRICE REDUCTION! Nestled on .98 acres in the quiet community of Carefree Shadows, this custom Carefree desert home offers 2,941 square feet of architectural warmth, spacious living areas, and a flexible floor plan. Although older, the home showcases dramatic wood beamed ceilings, rich wood textures, abundant natural light, and a true indoor outdoor Arizona feel throughout. The split bedroom floor plan features expansive living and entertaining spaces including formal dining, a very large family room with a striking rock fireplace, and an enormous enclosed Arizona room overlooking the desert landscape and mature saguaros. North south exposure helps provide balanced natural light throughout the home, while ceiling fans and zoned HVAC add comfort and efficiency. The massive upstairs loft offers exceptional flexibility with built in shelving, vaulted wood beamed ceilings, a full bathroom, and a walk in closet. Ideal as a private office, den, creative studio, media room, or potential future guest suite conversion, the space adds a unique architectural element rarely found in homes of this era. The spacious primary suite includes a large cedar lined walk in closet and generous storage. A separate laundry room and additional storage areas throughout the home provide functionality and convenience. Outside, the property embraces the relaxed Carefree lifestyle with open desert views, mature landscaping, and room to personalize or expand outdoor living spaces. A large fenced and gated side area currently serves as a spacious dog run but could also be adapted for gardening or other protected outdoor uses. A detached oversized shed with electricity and water connection offers additional possibilities for a workshop, hobby space, art studio, future conversion with imagination and vision. Located in desirable Carefree, Arizona with a low HOA fee, this property offers the laid back desert lifestyle the area is known for, with slightly cooler temperatures, star filled night skies, nearby hiking and golf, and the charm of the downtown Carefree area. This is a rare opportunity to own a character filled Arizona home with architectural warmth, flexible living space, and timeless desert appeal.
No exterior & parking available.
Grades PK-6 • 4.6 mi
Grades 6-8 • 7.4 mi
Grades 9-12 • 4.8 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,981 | - |
| Lot Size | 42,951 | - |
| Price | $899.0K | $1.36M |
| Price per sq ft | $302 | $331 |
| Built year | 1979 | 0 |
| HOA | $60 | $0 |
| Days on market | 54 | 1385 |
Jul 10, 2026
$899,000
$965,000
-7% Price Drop
Initial Listing
May 29, 2026
$965,000
Initial Listing