9414 N 53RD Place, Paradise Valley, AZ 85253, Paradise Valley, 85253 - 6 bed, 6 bath
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Paradise Valley, AZ 85253
This property presents a High-Potential Investment Opportunity with a List Price of $3,950,000—positioned well below the $4,131,491 Fair Market Value by 4%. This valuation gap offers $181,491 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home offers significant upside through modernization. With a 1-acre lot, pool, and mountain views, it is a proven short-term rental asset. This is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a value-add estate in a top-tier school district.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9414 N 53RD Place Subject | $3,950,000* List Price | 6 | 6 | 4,875 | $847 | - |
A 8817 N 58TH Place Sold | $4,250,000 | 5 | 7 | 5,336 | $796 | 0.8 mi |
B 5225 E TURQUOISE Avenue Active | $3,995,000 List Price | 5 | 5 | 5,914 | $676 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1982 and underwent its last major renovation in 2005. At 21 years post-remodel, the kitchen and bathroom finishes are considered dated by current luxury standards. While the home is functional and well-maintained for its use as a short-term rental, the age of the systems and the listing's explicit suggestion to renovate for equity align with the Fair criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 4875.
Elementary School: Cherokee Elementary School (9/10).
The property is a proven high-performing short-term rental generating approximately $300,000 annually, offering immediate and substantial cash flow for investors.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =43560, other record lot size in square feet = 43412.
The last major remodel occurred in 2005, meaning the interior aesthetic may require significant modernization to meet current luxury market expectations.
The listing's emphasis on building a 'custom dream estate' suggests the current structure may be approaching land value, potentially requiring a total rebuild to maximize the site's potential.
An exceptional Paradise Valley investment opportunity and the only property east of Doubletree Ranch Road currently offered under $4 million. Whether you're looking to acquire a high-performing short-term rental currently generating approximately $300,000 annually. Renovate to create substantial instant equity or build your custom dream estate the possibilities are endless.This stunning Spanish-inspired residence was completely remodeled in 2005 by Wiseman & Gale and offers timeless architecture with warm, inviting living spaces. The thoughtfully designed floor plan features four bedrooms, a beautiful custom kitchen that opens to the spacious family room, and seamless flow into the dining room, living room, and intimate music room. Step outside to an expansive covered patio designed for year-round Arizona entertaining, overlooking the sparkling pool, putting green, and sport court. Situated in one of Paradise Valley's most desirable neighborhoods, this is a rare opportunity to own a property with exceptional upside, lifestyle, and long-term value.
No exterior & parking available.
Grades PK-5 • 0.6 mi
Grades 6-8 • 1.9 mi
Grades 9-12 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 6.0 | 0.0 |
| Baths | 6.0 | 0.0 |
| Square foot | 4,875 | - |
| Lot Size | 43,560 | - |
| Price | $3.95M | $4.62M |
| Price per sq ft | $810 | $1.1K |
| Built year | 1982 | 0 |
| HOA | $0 | $0 |
| Days on market | 30 | 2902 |
Jun 22, 2026
$3,950,000
Initial Listing