985 N GRANITE REEF Road 129, Scottsdale, AZ 85257, Scottsdale, 85257 - 2 bed, 2 bath
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Scottsdale, AZ 85257
This Ground-Floor Scottsdale Condominium represents a High-Potential Investment Opportunity, listed at $249,000—positioned well below the $258,375 Fair Market Value by 3%. This valuation gap offers $9,375 in Instant Equity. Maintaining a Good Condition Rating, the unit features a Granite Kitchen, Private Patio, and a 1-Car Garage. With No Rental Restrictions and proximity to Old Town Scottsdale, the property is primed for high rental demand. It is a strategic acquisition for Short-Term Rental Investors or First-Time Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 985 N GRANITE REEF Road 129 Subject | $249,000* List Price | 2 | 2 | 855 | $302 | - |
A 1027 N 84TH Place Sold | $205,000 | 2 | 1 | 936 | $219 | 0.1 mi |
B 8155 E ROOSEVELT Street 218 Sold | $220,000 | 1 | 1 | 714 | $308 | 0.4 mi |
C 1113 N 84TH Place Active | $294,000 List Price | 2 | 2 | 950 | $309 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring key updates such as granite countertops and wood cabinetry in the kitchen. While the building dates back to 1985, the interior shows minimal wear with clean tile and plush carpet flooring, a neutral paint palette, and functional fixtures. It meets the criteria for 'good' condition as it has undergone partial renovations within the last 15 years and requires no immediate repairs.
With no rental restrictions and a prime location, this property serves as an excellent opportunity for short-term rental (STR) investors looking to capitalize on Scottsdale's tourism.
The unit is situated just minutes from Old Town Scottsdale, providing residents with immediate access to world-class dining, shopping, and nightlife.
As a ground-floor unit with an included 1-car garage, the property offers superior convenience and accessibility compared to upper-level units in the complex.
At only 855 square feet for a two-bedroom, two-bathroom configuration, the interior layout may feel compact for long-term residents or families.
The assigned middle and high schools carry lower ratings (4 and 3 respectively), which may limit the property's appeal to families prioritizing top-tier education.
This charming ground-floor unit in the desirable Scottsdale Haciendas is a must-see! Featuring 2 beds & 2 baths, this gem tastefully blends comfort and convenience. The inviting interior showcases abundant natural light, a neutral palette, and tile & plush carpet flooring. You'll love the flowing living & dining room! The kitchen boasts built-in appliances, granite counters, wood cabinetry & a serving window. The main bedroom features a full bath & sliding doors opening to a covered patio -- perfect for relaxing or BBQs. A 1-car garage is an added perk. NO RENTAL RESTRICTIONS make this an incredible STR investment opportunity! Enjoy resort-style community pool & spa, all just minutes from the world-class dining, shopping & entertainment of Old Town Scottsdale. Don't miss out!
No exterior & parking available.
Grades PK-6 • 1.0 mi
Grades 6-8 • 2.2 mi
Grades 9-12 • 1.7 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 855 | 917 | 38% |
| Lot Size | 84 | 94 | 38% |
| Price | $249.0K | $249.0K | 50% |
| Price per sq ft | $291 | $308 | 46% |
| Built year | 1985 | 1986 | 46% |
| HOA | $355 | $196 | 92% |
| Days on market | 48 | 1796 | 8% |
Mar 6, 2026
$249,000
Initial Listing