
Carefree, AZ 85377
This Custom Elevated Desert Home is a Strong Value Opportunity, listed at $875,000—matching its $875,000 Fair Market Value. While the property holds a Functional Condition Rating with original 1990s finishes, its location in a million-dollar neighborhood provides significant equity potential through modernization. The estate features a 1.05-acre lot, sweeping mountain views, and an oversized 4-car garage perfect for workshops or storage. Situated within the top-rated CCUSD school district near Black Mountain Elementary, it perfectly balances lifestyle and investment upside. This is an ideal acquisition for Owner-Occupants or Value-Add Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 9520 E ROMPING Road Subject | $875,000* List Price | 3 | 3 | 2,350 | $372 | - |
A 9215 E LAZYWOOD Place Pending | $1,079,000 List Price | 4 | 3 | 2,469 | $437 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1990, this property is well-maintained and functional but remains in largely original condition. The interior features dated aesthetics typical of its era, including oak cabinetry, brass fixtures, original ceramic tile, and older carpeting. While move-in ready, it lacks recent renovations to the kitchen and bathrooms, fitting the criteria for a home built 25-40 years ago with no major updates.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 45754, living area = 2350.
Situated on over an acre at an elevation of 2,712 feet, the property offers exceptional privacy and unobstructed mountain views from nearly every room.
The oversized 928 sq ft 3-4 car garage provides rare and ample space for a workshop, boat storage, or recreational vehicles, catering perfectly to an active Arizona lifestyle.
Built in 1990, the home's 'traditional charm' likely requires cosmetic modernization and updates to match the contemporary luxury standards of the surrounding million-dollar properties.
The property utilizes a private septic system rather than a municipal sewer, which requires periodic maintenance and may be a consideration for buyers unfamiliar with rural infrastructure.
This custom home sits on an elevated one-acre+ lot (el 2,712) capturing sweeping mountain views from the moment you step inside. Located in an upscale neighborhood surrounded by million-dollar homes, the setting offers privacy and room to add value--including plenty of space for a pool or guest house. The spacious living room welcomes you with high ceilings, a corner fireplace, and large windows that frame the natural beauty of the desert and mountains beyond. The adjoining dining area flows into the generous kitchen and breakfast nook, all sharing those wonderful views. The kitchen features abundant cabinetry, a breakfast bar, and natural light enhanced by overhead skylights. A warm and inviting den with a wet bar opens to the expansive front patio--an ideal spot to unwind, entertain, and take in the breathtaking sunsets Carefree is known for. The split primary suite is exceptionally large, offering peaceful mountain vistas, custom walk-in closet, a walk-in shower, jetted tub, and a private toilet room. Two additional bedrooms also enjoy beautiful views and share a spacious second bathroom with a walk-in shower, soaking tub, and private toilet room. A separate guest half bath is conveniently located off the main living areas. Outside, a circular driveway and an oversized 928 sq ft 3-4 car garage offers ample room for a boat, workshop space, or recreational toys\ reflecting the timeless Arizona lifestyle of space, freedom, and comfort. An additional 682 sq ft of covered patio and porches gives plenty of outdoor space to sit back and relax. This home blends traditional charm with generous living spaces in a setting that truly celebrates the surrounding desert and mountain landscape. All just minutes from the charming towns of Carefree and Cave Creek, known for their Western spirit, wonderful restaurants, art galleries, and boutique shops. Outstanding golfing, hiking, and mountain biking trails are close by. Enjoy darker skies, cleaner air, and nearby lakes Bartlett and Horseshoe as well as the Verde River for outdoor adventures. Situated within the excellent CCUSD school district with convenient shopping nearby. This house has an approved and certified septic system and has Carefree water (which is very well run and not too expensive). Annual HOA fees are only $60 adding further peace of mind. Come experience the beauty, peace, and promise of living in Carefree.
No exterior & parking available.
Grades PK-6 • 5.2 mi
Grades 6-8 • 8.0 mi
Grades 9-12 • 5.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,350 | - |
| Lot Size | 45,754 | - |
| Price | $875.0K | $1.36M |
| Price per sq ft | $372 | $331 |
| Built year | 1990 | 0 |
| HOA | $60 | $0 |
| Days on market | 195 | 1385 |
Jan 8, 2026
$875,000
Initial Listing
Mar 22, 1988
$57,000
Public Record