Remodeled Scottsdale Condo Near
For Sale
$700,000
8245 E BELL Road #221, Scottsdale, AZ 85260
Remodeled 3 bed, 2 bath condo near TPC Scottsdale.
Property Size1,819 SF
Lot Size0.03 Acres
Days on Market308
Property Features for 8245 E BELL Road #221
General Information
Standard status
Active
Size
1,819 SF
Lot size
0.03 Acres
Property subtype
Apartment
Amenities
Fireplace
Ceiling Fan(s)
Central Air
Electric
Programmable Thmstat
Electric Cooktop
Deck, APS, Tile
Building Details
Building Size
1,819 SF
Year Built
1998
Stories
2
Listing Agency:
Realty ONE Group
Listed By:
Realty ONE Group
Source:
Kw
Added: Dec 2, 2025
Changed: Oct 1
Last Checked: Oct 5 at 3:39PM
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
Investment Insights
Based on property information with market context.
Located steps from TPC Scottsdale and the WM Phoenix Open Tournament, this remodeled 3-bedroom, 2-bath end unit is situated in the gated Montana Del Sol community. The property is an upper-level home featuring soaring ceilings and an open great room concept. Updated flooring, kitchen, and baths showcase clean, modern finishes. The light-filled kitchen includes updated cabinetry, solid surface counters, and stainless appliances, flowing into a spacious dining and living area with a fireplace. The primary suite offers a walk-in shower, double vanity, and walk-in closet. A large balcony provides an area for relaxation and entertaining. The Homeowners Association allows short-term rentals. The property provides easy access to golf, dining, shopping, Loop 101, hospitals, and airports.
Key Highlights
- Steps from TPC Scottsdale and WM Phoenix Open Tournament.
- HOA allows short‑term rentals: vacation rental potential.
- Remodeled 3 bed/2 bath end unit in gated community.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,047
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,940
$420.9K
Cap Rate 7%
$300,671
$300.7K
Cap Rate 9%
$233,856
$233.9K
Market Conditions
NOI Build-Up for 1,819 SF
Gross rent
$39.9K $21.96/SF
− Vacancy
−$1.7K −$0.92/SF
EGI
$38.3K $21.04/SF
− OpEx
−$17.2K −$9.47/SF
NOI
$21.0K $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%
$420,940
Cap Rate 7%
$300,671
Cap Rate 9%
$233,856
Alternative Uses
Best Use
Apartment 5plus
$300.7K
$263.1K – $350.8K
NOI $21,047 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$597.1K
$522.5K – $696.7K
NOI $41,799 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,599
Businesses Nearby
Explore this area
Business Placement
Demographics for 85260, AZ
37,967
Population
21,072
Households
1.8
Avg Household Size
47
Median Age
59%
College-Educated
97%
High-School Grad
14.2 sq mi
ZIP Area
2,674
Density / Sq Mi
$103,854
Median Household Income
$62,835
Median Earnings
$1,969
Median Rent
$637,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Remodeled 3 bed, 2 bath condo near TPC Scottsdale.
Where is this short term rental property located?
The property is located at 8245 E BELL Road #221 Scottsdale, AZ.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Steps from TPC Scottsdale and WM Phoenix Open Tournament.; HOA allows short‑term rentals: vacation rental potential.; Remodeled 3 bed/2 bath end unit in gated community.
