Residential Income Property with
For Sale
$1,048,000
7275 N SCOTTSDALE Road #1017, Paradise Valley, AZ 85253
A three-level home pairs elevator access with a guest suite featuring its own entrance and full bath.
Property Size3,047 SF
Price / SF$343.94
Days on Market33
Property Features for 7275 N SCOTTSDALE Road #1017
General Information
Standard status
Active
Size
3,047 SF
Elevators
Yes
Property subtype
Apartment
Amenities
golf course views
mountain views
balconies
gourmet kitchen
smart home system
Building Details
Year Built
2009
Stories
3
Listing Agency:
Redfin Corporation
(602) 483-4919
Listed By:
Kimberley Doering · License #SA584536000
(602) 909-3828
Source:
Kathrynthomas
Added: Sep 30
Changed: Nov 1
Last Checked: Oct 31 at 11:10PM
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 Redfin Corporation
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Investment Insights
Based on property information with market context.
This three-level residence has four bedrooms and three and a half baths, including a first-floor guest suite with a separate entrance and full bath. A private elevator connects the levels, while multiple balconies extend the living space outdoors. Interior finishes include travertine flooring, and the kitchen is equipped with Viking appliances, gas cooking and a large island. Control4 smart-home technology is integrated throughout the property.
Views extend across a golf course toward the mountains. The flexible bedroom arrangement and separate-entry suite provide distinct accommodation within the home.
Views extend across a golf course toward the mountains. The flexible bedroom arrangement and separate-entry suite provide distinct accommodation within the home.
Key Highlights
- Four bedrooms and three and a half baths
- Three‑level residence with a private elevator
- First‑floor guest suite with separate entrance and full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,388
Cap Rate
3.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,760
$687.8K
Cap Rate 7%
$491,257
$491.3K
Cap Rate 9%
$382,089
$382.1K
Market Conditions
NOI Build-Up for 3,047 SF
Gross rent
$65.8K $21.60/SF
− Vacancy
−$3.3K −$1.08/SF
EGI
$62.5K $20.52/SF
− OpEx
−$28.1K −$9.23/SF
NOI
$34.4K $11.29/SF
Area
Maricopa County, AZ
Vacancy
5.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$687,760
Cap Rate 7%
$491,257
Cap Rate 9%
$382,089
Alternative Uses
Best Use
Apartment 5plus
$491.3K
$429.9K – $573.1K
NOI $34,388 @ 7.0% cap · market cap 3.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$942.5K
$824.7K – $1.10M
NOI $65,976 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
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Business Placement
Demographics for 85253, AZ
17,358
Population
8,815
Households
2
Avg Household Size
53
Median Age
71%
College-Educated
98%
High-School Grad
18.1 sq mi
ZIP Area
959
Density / Sq Mi
$182,150
Median Household Income
$79,848
Median Earnings
$1,935
Median Rent
$2,000,001
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - A three-level home pairs elevator access with a guest suite featuring its own entrance and full bath.
Where is this residential income property located?
The property is located at 7275 N SCOTTSDALE Road #1017 Paradise Valley, AZ.
What is the asking price?
The asking price for this property is $1,048,000.
What are key features of this property?
This property features: Four bedrooms and three and a half baths; Three‑level residence with a private elevator; First‑floor guest suite with separate entrance and full bath
