One-Bedroom
New
For Sale
$299,000
10055 E MOUNTAINVIEW LAKE Drive 2009, Scottsdale, AZ 85258
A balcony with mountain views complements access to a heated pool, spa and fitness center.
Property Size751 SF
Days on Market7
Property Features for 10055 E MOUNTAINVIEW LAKE Drive 2009
General Information
Standard status
Active
Size
751 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Unit Mix
1 x 1BR/1BA
Multifamily Units
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$943
Amenities
heated community pool and spa
fitness center
beautifully maintained grounds
Building Details
Building Size
751 SF
Year Built
1984
Listing Agency:
Russ Lyon Sotheby's International Realty
Listed By:
Lisa Roberts · License #SA640564000
(480) 232-3291
Source:
Alexiabertsatos
Added: Oct 2
Changed: Oct 6
Last Checked: Oct 7 at 5:40PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Russ Lyon Sotheby's International Realty
Investment Insights
Based on property information with market context.
This 1-bedroom, 1-bathroom condominium includes a 1-car garage and a balcony with mountain views. Vaulted ceilings extend through the living and dining area and the primary bedroom; the living area also has a fireplace. The kitchen features granite countertops and cherry cabinetry, while the bedroom has a walk-in closet and an ensuite bath with a skylight. The condominium was built in 1984.
Residents have access to a heated community pool and spa, a fitness center and maintained grounds. The property is in Scottsdale, near shopping, dining and Loop 101.
Residents have access to a heated community pool and spa, a fitness center and maintained grounds. The property is in Scottsdale, near shopping, dining and Loop 101.
Key Highlights
- 1‑bedroom, 1‑bathroom condominium with a 1‑car garage
- Balcony offers mountain views
- Vaulted ceilings in the living and dining area and primary bedroom; living area includes a fireplace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,690
Cap Rate
2.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,800
$173.8K
Cap Rate 7%
$124,143
$124.1K
Cap Rate 9%
$96,556
$96.6K
Market Conditions
NOI Build-Up for 751 SF
Gross rent
$16.5K $21.96/SF
− Vacancy
−$693 −$0.92/SF
EGI
$15.8K $21.04/SF
− OpEx
−$7.1K −$9.47/SF
NOI
$8.7K $11.57/SF
Area
Scottsdale, AZ
Vacancy
4.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,800
Cap Rate 7%
$124,143
Cap Rate 9%
$96,556
Alternative Uses
Best Use
Apartment 5plus
$124.1K
$108.6K – $144.8K
NOI $8,690 @ 7.0% cap · market cap 2.91%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$246.5K
$215.7K – $287.6K
NOI $17,257 @ 7.0% cap · market cap 5.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
Explore this area
Business Placement
Demographics for 85258, AZ
25,203
Population
15,566
Households
1.6
Avg Household Size
55
Median Age
63%
College-Educated
99%
High-School Grad
10.3 sq mi
ZIP Area
2,447
Density / Sq Mi
$105,171
Median Household Income
$68,184
Median Earnings
$1,945
Median Rent
$744,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A balcony with mountain views complements access to a heated pool, spa and fitness center.
Where is this residential income property located?
The property is located at 10055 E MOUNTAINVIEW LAKE Drive 2009 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: 1‑bedroom, 1‑bathroom condominium with a 1‑car garage; Balcony offers mountain views; Vaulted ceilings in the living and dining area and primary bedroom; living area includes a fireplace
