Residential Income Property with
For Sale
$299,000
10055 E MOUNTAINVIEW LAKE Drive #2009, Scottsdale, AZ 85258
The condo includes a private balcony, vaulted ceilings, and access to shared recreation amenities.
Property Size751 SF
Price / SF$398.14
Days on Market31
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
Amenities
heated community pool and spa
fitness center
beautifully maintained grounds
Building Details
Year Built
1984
Listing Agency:
Russ Lyon Sotheby's International Realty
(480) 287-5200
Listed By:
Lisa Roberts · License #SA640564000
(480) 232-3291
Source:
Kathrynthomas
Added: Oct 2
Changed: Oct 28
Last Checked: Nov 1 at 2:45AM
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
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Investment Insights
Based on property information with market context.
Located in Venetian Condominiums in Scottsdale Ranch, this 751-square-foot condo has one bedroom, one bathroom, and a one-car garage. The living and dining area features vaulted ceilings and a fireplace, with access to a private balcony offering mountain views. The kitchen has black granite countertops and cherry cabinetry; the primary bedroom includes a walk-in closet and an ensuite bathroom with a skylight.
Community amenities include a heated pool and spa, fitness center, and landscaped grounds. The property is near shopping, dining, and the Loop 101. Built in 1984.
Community amenities include a heated pool and spa, fitness center, and landscaped grounds. The property is near shopping, dining, and the Loop 101. Built in 1984.
Key Highlights
- 751‑square‑foot, one‑bedroom condo with one bathroom
- One‑car garage
- Private balcony with mountain views
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.
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Property Analytics
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Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,039
Businesses Nearby
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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 - The condo includes a private balcony, vaulted ceilings, and access to shared recreation amenities.
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: 751‑square‑foot, one‑bedroom condo with one bathroom; One‑car garage; Private balcony with mountain views
