Description
Three-residence compound in one of Arizona's top vacation destinations. No monthly HOA. STR permitted. Properties engineered like this don't exist in this price point. Two income-producing casitas with the potential to significantly offset or eliminate your monthly carrying costs. The financial upside is undeniable. Multi-gen living, full investment play, or luxury vacation home with private guest quarters, this property works every way. Borders Scottsdale. Minutes from Mayo Clinic. Rebuilt in 2015. Single-level. Main residence 3 bed / 2.5 bath / 2,341 SF. Attached 2-bed casita 563 SF. Detached casita 396 SF. Each unit has private entrance, kitchen, granite finishes, walk-in shower, screened patio. Resort backyard: diving pool, gazebo, built-in BBQ, gas firepit. 15,000 SF lot. All three units fully independent and simultaneously occupiable. Potential rental income estimates (conservative): main house $3,300/mo, 2-bed casita $1,700/mo, studio casita $1,400/mo. Rental income estimates are provided for informational purposes only -- buyer to independently verify. Rooftop deck addition plans available -- buy the views at renovation cost not purchase price and step into a whole new price bracket. Seller offering concession toward rate buydown -- ask listing agent for full financial scenarios. STR eligible -- Fountain Hills city registration required, simple low-cost process. NPOA: $335 transfer fee + $400 documentation fee at close only. No monthly dues, no annual assessments. Rental use unrestricted. Contact listing agent for full investment breakdown and financing scenarios
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.