
Scottsdale, AZ 85259
This Luxury Desert Estate is a High-Potential Investment Opportunity, listed at $2,295,000—positioned well below the $2,653,327 Fair Market Value by 13%. This valuation gap provides $358,327 in Instant Equity. Boasting an Excellent Condition Rating, the property features a Viking chef’s kitchen, Italian travertine, and a negative-edge pool on a rare 1-acre lot with no HOA. Near top-rated schools like Basis Scottsdale, it offers 360-degree mountain views. This is a premier acquisition for Owner-Occupants or High-Net-Worth Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9035 N 128TH Street Subject | $2,295,000* List Price | 5 | 4 | 4,115 | $645 | - |
A 12888 E APPALOOSA Place Sold | $2,625,000 | 5 | 4 | 4,561 | $576 | 0.4 mi |
B 12955 E Gold Dust Avenue Active | $2,750,000 List Price | 4 | 5 | 3,805 | $723 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although originally built in 1980, the property has undergone extensive high-end renovations within the last 5 years that meet current luxury standards. Key updates include a fully remodeled chef's kitchen with quartz countertops and Viking appliances, a completely modernized primary suite with a spa-like dual shower, and nearly 3,000 sq ft of premium Italian travertine flooring. Major systems have been recently addressed, including a new high-efficiency AC unit installed in 2024 and exterior paint in 2023. The resort-style backyard with a negative-edge Pebble Tec pool and modern architectural features like the 20-foot sliding glass door further justify the excellent rating.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43996, living area = 4115.
The rare 1-acre lot offers ultimate privacy with no HOA restrictions, backing directly to the CAP canal and providing ample space for future additions like a guest house or RV garage.
A massive 20-foot-wide sliding glass door and a 360-degree view deck seamlessly connect the high-end interior—featuring Italian travertine and a Viking chef's kitchen—to breathtaking mountain vistas.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4115, other record living area = 3973.
Despite extensive high-end remodeling, the original 1980 construction may present older underlying infrastructure or layout limitations compared to contemporary new-build luxury estates.
With five bedrooms and only three to four bathrooms, the home may lack the high number of en-suite configurations typically expected by modern buyers in the $2M+ luxury market.
Welcome to a truly exceptional opportunity in the coveted Paradise Heights community--where privacy, space, and breathtaking views come together on a rare 1-acre lot. Tucked away on a quiet dead-end road and backing directly to the CAP canal, this property offers unmatched tranquility with sweeping mountain and valley views and no HOA restrictions. This expansive 4,115 sq ft residence features 5 bedrooms and 3 bathrooms, thoughtfully designed for both comfortable living and elevated entertaining. From the moment you step inside, you're greeted by an abundance of natural light, soaring ceilings, and stunning finishes throughout. Nearly 3,000 square feet of elegant Italian travertine flooring flows seamlessly through the main living spaces, including the entryway, living areas, office dining room, kitchen, bathroom, and laundry room--creating a timeless and cohesive aesthetic. The living room is a showstopper, highlighted by a dramatic wall of glass featuring a 20-foot-wide by 10-foot-tall sliding door with a 10-foot opening--perfectly framing the backyard oasis and bringing the outdoors in. A beautifully constructed fireplace with a cinder block structure adds warmth and architectural character. The adjacent dining room features an expansive 15-foot tinted glass window, offering both natural light and privacy for intimate or large gatherings. At the heart of the home, the fully remodeled chef's kitchen is designed to impress, boasting sleek quartz countertops, modern cabinetry, and high-end appliances including a large Viking refrigerator/freezer and built-in ice maker. Whether hosting guests or enjoying a quiet evening at home, this kitchen delivers both style and functionality. The primary suite is a luxurious retreat, completely remodeled with modern finishes. Enjoy a spa-like experience in the oversized dual shower with frameless glass and designer fixtures, complemented by updated cabinetry and a spacious walk-in closet with custom organization. Step outside to your private resort-style backyard, where a large negative-edge Pebble Tec pool with waterfall features and a self-cleaning pop-up system creates a stunning focal point. Relax in the hot tub Jacuzzi or gather around the outdoor fireplace on the back patio--built with cinder block and designed for both gas and wood-burning use. The outdoor space continues to impress with lush landscaping, mature fruit trees including apple, fig, lemon, and citrus, and plenty of room to expand. Whether you envision adding a guest house, RV garage, additional carports, or a custom casita, this property offers endless possibilities. Additional highlights include: Durable Dunn Edwards exterior paint completed in 2023 Three air conditioning units, including a new high-efficiency system installed in 2024 Custom modern ironwork entry courtyard completed in 2022 Large RV gate for added accessibility Storage shed for convenience Expansive view deck with easy stair access, offering breathtaking 360-degree views of the surrounding mountains and valley Basis School is less than 2 miles This is more than just a home--it's a private desert retreat with luxury upgrades, unmatched views, and room to grow. Properties like this, with acreage, location, and no HOA, are incredibly rare.
No exterior & parking available.
Grades PK-5 • 3.1 mi
Grades 6-8 • 1.3 mi
Grades 9-12 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 76% |
| Baths | 4.0 | 3.0 | 57% |
| Square foot | 4,115 | 3,201 | 76% |
| Lot Size | 43,996 | 11,889.5 | 90% |
| Price | $2.29M | $1.04M | 89% |
| Price per sq ft | $558 | $387 | 88% |
| Built year | 1980 | 1994 | 3% |
| HOA | $0 | $208 | 21% |
| Days on market | 21 | 2257 | 1% |
Apr 1, 2026
$2,295,000
Initial Listing
Aug 21, 1998
$327,500
Public Record