5002 N 38th Place, Phoenix, AZ 85018
Local realty services provided by:ERA Brokers Consolidated
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.
Contact an agent
Home facts
- Year built:1963
- Listing ID #:6920530
- Updated:November 15, 2025 at 06:13 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)
New listings near 5002 N 38th Place
- New
$339,000Active2 beds 2 baths1,178 sq. ft.1812 W Rose Lane, Phoenix, AZ 85015
MLS# 6947776Listed by: FATHOM REALTY ELITE - New
$289,999Active4 beds 3 baths1,656 sq. ft.2017 W Hazelwood Parkway, Phoenix, AZ 85015
MLS# 6947794Listed by: VALLEY EXECUTIVES REAL ESTATE - New
$582,000Active4 beds 3 baths1,972 sq. ft.18820 N 35th Way, Phoenix, AZ 85050
MLS# 6947795Listed by: HOMESMART - New
$1,399,999Active5 beds 4 baths4,275 sq. ft.5007 E Bluefield Avenue, Scottsdale, AZ 85254
MLS# 6947799Listed by: HOMESMART - New
$334,900Active1 beds 2 baths796 sq. ft.5450 E Deer Valley Drive #1176, Phoenix, AZ 85054
MLS# 6947800Listed by: CREEL MANAGEMENT LLC - New
$85,000Active1 beds 1 baths477 sq. ft.2604 W Berridge Lane #C103, Phoenix, AZ 85017
MLS# 6947750Listed by: CIVIC CENTER REAL ESTATE - New
$84,300Active1 beds 1 baths600 sq. ft.2530 W Berridge Lane #E102, Phoenix, AZ 85017
MLS# 6947753Listed by: CIVIC CENTER REAL ESTATE - New
$135,000Active1 beds 1 baths727 sq. ft.1701 W Tuckey Lane #231, Phoenix, AZ 85015
MLS# 6947728Listed by: MY HOME GROUP REAL ESTATE - Open Sat, 12 to 3pmNew
$460,000Active3 beds 2 baths1,251 sq. ft.910 E Potter Drive, Phoenix, AZ 85024
MLS# 6947730Listed by: KELLER WILLIAMS ARIZONA REALTY - New
$420,000Active4 beds 2 baths1,800 sq. ft.2216 W Park Street, Phoenix, AZ 85041
MLS# 6947736Listed by: EXP REALTY