Condominium with Golf Course
4850 E Desert Cove Avenue #236, Scottsdale, AZ 85254
For Sale
$365,000
Updated interior, private screened patio, and community pool and clubhouse support a flexible residential or short-term rental use.
Property Size1,059 SF
Price / SF$344.66
Days on Market18
Property Features for 4850 E Desert Cove Avenue #236
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
heated community pool
clubhouse
private patio
3/4 Bath Master Bdrm
2 Master Baths
Breakfast Bar
Granite Counters
High Speed Internet
No Interior Steps
Balcony
Building Details
Building Size
Year Built
Stories
Listing Agency:
Realty ONE Group
(480) 285-0000
Listed By:
Jessica Guaranda
(480) 313-9370
Source:
Beavercreekrealty
Added: Oct 23
Changed: Nov 8
Last Checked: Nov 8 at 4:52PM
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 Realty ONE Group
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Investment Insights
Based on property information with market context.
This 1,059-square-foot condominium was built in 1988 and has been updated with granite countertops, newer appliances, laminate flooring, and a newer A/C unit. A private patio with sun screening faces the golf course, while residents also have access to a heated community pool and clubhouse.
The property is at 4850 E Desert Cove Avenue in Scottsdale, near Tatum and Shea. Retail and grocery options named nearby include the PV mall development, Whole Foods, Trader Joe's, Sprouts, Costco, and Target, along with dining choices.
The community permits short-term rentals without a minimum night requirement. The residence is also presented as suitable for full-time occupancy or seasonal use.
The property is at 4850 E Desert Cove Avenue in Scottsdale, near Tatum and Shea. Retail and grocery options named nearby include the PV mall development, Whole Foods, Trader Joe's, Sprouts, Costco, and Target, along with dining choices.
The community permits short-term rentals without a minimum night requirement. The residence is also presented as suitable for full-time occupancy or seasonal use.
Key Highlights
- 1,059‑square‑foot condominium in a community that permits short‑term rentals with no minimum night stay
- Golf course outlook from the private, sun‑screened patio
- Granite countertops, newer appliances, laminate flooring, and a newer A/C unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,253
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,060
$245.1K
Cap Rate 7%
$175,043
$175.0K
Cap Rate 9%
$136,144
$136.1K
Market Conditions
NOI Build-Up for 1,059 SF
Gross rent
$23.3K $21.96/SF
− Vacancy
−$977 −$0.92/SF
EGI
$22.3K $21.04/SF
− OpEx
−$10.0K −$9.47/SF
NOI
$12.3K $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%
$245,060
Cap Rate 7%
$175,043
Cap Rate 9%
$136,144
Alternative Uses
Best Use
Apartment 5plus
$175.0K
$153.2K – $204.2K
NOI $12,253 @ 7.0% cap · market cap 3.36%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$347.6K
$304.2K – $405.6K
NOI $24,335 @ 7.0% cap · market cap 6.67%
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
1,866
Businesses Nearby
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Business Placement
Demographics for 85254, AZ
46,352
Population
21,469
Households
2.2
Avg Household Size
45
Median Age
60%
College-Educated
97%
High-School Grad
13.7 sq mi
ZIP Area
3,383
Density / Sq Mi
$120,885
Median Household Income
$61,953
Median Earnings
$1,954
Median Rent
$701,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Residential income properties in Scottsdale
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Residential income property - Updated interior, private screened patio, and community pool and clubhouse support a flexible residential or short-term rental use.
Where is this residential income property located?
The property is located at 4850 E Desert Cove Avenue #236 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: 1,059‑square‑foot condominium in a community that permits short‑term rentals with no minimum night stay; Golf course outlook from the private, sun‑screened patio; Granite countertops, newer appliances, laminate flooring, and a newer A/C unit
