Ground-Level Residential
For Sale
$475,000
34457 N LEGEND TRAIL Parkway 1008, Scottsdale, AZ 85262
A single-level layout connects a gas-fireplace living area to a covered patio overlooking desert and golf course scenery.
Property Size1,253 SF
Price / SF$379.09
Days on Market218
Property Features for 34457 N LEGEND TRAIL Parkway 1008
General Information
Standard status
Active
Size
1,253 SF
Total Parking Spaces
1
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$1,263
Amenities
heated pools
spa
tennis
pickleball
fitness center
golf
dining
Building Details
Building Size
1,253 SF
Year Built
2006
Listing Agency:
Russ Lyon Sotheby's International Realty
Listed By:
Stephanie A Anderson · License #BR516658000
(602) 315-3633
Source:
Neighborsluxury
Added: Mar 27
Changed: Oct 30
Last Checked: Oct 30 at 2:06AM
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.
This 1,253-square-foot condominium was built in 2006 and sits at ground level, with no stairs inside or outside the unit. The great room includes a gas fireplace and opens onto a covered patio. Kitchen features include stainless steel appliances, granite counters, a breakfast bar, and a dining area. The home has two bedrooms and two full bathrooms; the primary suite includes dual sinks, a walk-in shower, and a large closet. A detached garage provides one parking space and has epoxy flooring.
The condominium is within Legend Trail Golf Club in North Scottsdale. Heated pools, a spa, tennis and pickleball courts, a fitness center, golf, and dining are within walking distance.
The condominium is within Legend Trail Golf Club in North Scottsdale. Heated pools, a spa, tennis and pickleball courts, a fitness center, golf, and dining are within walking distance.
Key Highlights
- 1,253‑square‑foot ground‑level condominium with no interior or exterior stairs
- Built in 2006
- Covered patio with desert and golf course views
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,498
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$289,960
$290.0K
Cap Rate 7%
$207,114
$207.1K
Cap Rate 9%
$161,089
$161.1K
Market Conditions
NOI Build-Up for 1,253 SF
Gross rent
$27.5K $21.96/SF
− Vacancy
−$1.2K −$0.92/SF
EGI
$26.4K $21.04/SF
− OpEx
−$11.9K −$9.47/SF
NOI
$14.5K $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%
$289,960
Cap Rate 7%
$207,114
Cap Rate 9%
$161,089
Alternative Uses
Best Use
Apartment 5plus
$207.1K
$181.2K – $241.6K
NOI $14,498 @ 7.0% cap · market cap 3.05%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$411.3K
$359.9K – $479.9K
NOI $28,793 @ 7.0% cap · market cap 6.06%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
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Business Placement
Demographics for 85262, AZ
13,366
Population
8,552
Households
1.6
Avg Household Size
62
Median Age
60%
College-Educated
98%
High-School Grad
155.2 sq mi
ZIP Area
86
Density / Sq Mi
$173,795
Median Household Income
$95,016
Median Earnings
$1,178,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A single-level layout connects a gas-fireplace living area to a covered patio overlooking desert and golf course scenery.
Where is this residential income property located?
The property is located at 34457 N LEGEND TRAIL Parkway 1008 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,253‑square‑foot ground‑level condominium with no interior or exterior stairs; Built in 2006; Covered patio with desert and golf course views
