5002 N 38th PlacePhoenix, AZ 85018

Description

RATE BUYDOWN w/ SELLER CREDIT to 4.75 - 5.75% range. REDUCE your mortgage payments for the first 2 years! 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. Seller is a licensed Mortgage Broker. (CLICK ''MORE'' FOR THE FULL DESCRIPTION) Modern Luxury Arcadia Home - Dual Master Suites & Resort-Style Living 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--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. 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. " Gourmet Kitchens - Dual kitchen spaces open into a sunken living room, creating seamless indoor-outdoor entertaining flow. " Resort Backyard - Heated Pebble-Tec pool & spa, multicolor light fountain, lush mature landscaping, multiple lounge areas, and a large covered patio offering total privacy. " Additional Features - Wine fridge, built-in laundry cabinetry, spacious 2- car garage, and beautifully updated designer finishes throughout. Prime Location Nestled in Arcadia, one of Scottsdale's most sought-after neighborhoods, the property is minutes from Camelback Mountain hiking, high-end restaurants, boutique shopping, and some of Arizona's most exciting breweries and entertainment. 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 experiences--offering 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.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Style

Ranch

Year built

1963

Stories

1

Living area

2,823 Sq Ft

Lot size

0.23 acres

Garage spaces

2

Parking spaces

2

Days on market

49

Listing #

7066567

Property Features

Interior

Eat-in Kitchen · Breakfast Bar · Granite Counters

Appliances

Dishwasher · Disposal · Refrigerator · Electric Cooktop · Microwave · Built-In Electric Oven · Washer · Dryer

Cooling

Ceiling Fan(s) · Central Air

Heating

Electric

Flooring

Concrete

Pool

Heated · Lap · Outdoor Pool

Parking

Garage Door Opener

Fencing

Block

Lot features

Corner Lot · Desert Back · Sprinklers In Rear

Construction

Block · Stucco

Roof

Composition

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Biltmore Preparatory Academy

Middle

Creighton Virtual Academy

High

Camelback High School

Financial Details

HOA

None

Annual taxes

$5,969Tax year 2025

Parcel number

170-16-018-A

Directions

Heading east on Camelback from Interstate 51, turn left on 38th Pl. It is on your immediate left on the corner of 38th Pl and Camelback.