5002 N 38th Place, Phoenix, AZ 85018
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
Listed by: aaron michael simpson
Office: property management real estate
MLS#:6920530
Source:ARMLS
Price summary
- Price:$1,350,000
- Price per sq. ft.:$478.21
About this home
RATE BUYDOWN SELLER CREDIT to 4.75 - 5.75% range. Reduce your mortgage payments for the first 2 years on Approved Credit. INVESTORS, check out the Documents Tab with the $228,000 projected Short Term Rental Proforma.
WELCOME to this stunning 5-bedroom, 3.5-bathroom designer residence offering over 2,800 sq. ft. of modern luxury living in the highly desirable Arcadia Camelback Villa Estates that sits just 5 blocks from world-famous Old Town Scottsdale and its vibrant dining, nightlife, and shopping scene.This unique property is designed to impress both homeowners and investors with a rare dual-master suite layout, a spacious split floor plan, and resort-style outdoor amenities. The Home Highlights Two Master Suites, located on opposite wings of the home, each with private spa-style bathrooms featuring soaking tubs, walk-in showers, and direct pool access. Step into the Gourmet Kitchens where you will see Dual kitchen spaces open into a sunken living room, creating seamless indoor-outdoor entertaining flow. Guests will love the RESORT STYLE Backyard featuring a Heated Pebble-Tec pool & spa, multicolor light fountain, lush mature landscaping, multiple lounge areas, and a large covered patio offering total privacy. Additional Features include a Wine fridge, built-in laundry cabinetry, spacious 2-car garage, and beautifully updated designer finishes throughout. This Prime Location is nestled in Arcadia, one of Phoenix's most sought-after neighborhoods and the property is minutes from Camelback Mountain hiking, high-end restaurants, boutique shopping, and some of Arizona's most exciting breweries and entertainment. HUGE Investor Appeal, With its fully remodeled interiors, dual kitchens, multiple en-suite bedrooms, and resort backyard, this home is a turnkey furnished rental opportunity. Its proximity to Old Town makes it highly desirable for short-term rental guests seeking upscale Scottsdale experiencesoffering strong cash flow potential from day one. This home blends luxury family living with exceptional investment potential. Whether you're seeking a forever home in the heart of Scottsdale or a profitable fully furnished turnkey asset in Arizona's hottest rental market, this property delivers.
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Home facts
- Year built:1963
- Listing ID #:6920530
- Updated:November 14, 2025 at 04:19 PM
Rooms and interior
- Bedrooms:5
- Total bathrooms:3
- Full bathrooms:3
- Living area:2,823 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Programmable Thermostat
- Heating:Electric
Structure and exterior
- Year built:1963
- Building area:2,823 sq. ft.
- Lot area:0.23 Acres
Schools
- High school:Camelback High School
- Middle school:The Creighton Academy
- Elementary school:The Creighton Academy
Utilities
- Water:City Water
Finances and disclosures
- Price:$1,350,000
- Price per sq. ft.:$478.21
- Tax amount:$5,745 (2024)
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