PROPERTY DESCRIPTION
Three-residence compound in one of Arizona's top vacation destinations. No monthly HOA. STR permitted. Properties engineered like this don't exist in this price point. Two income-producing casitas with the potential to significantly offset or eliminate your monthly carrying costs. The financial upside is undeniable. Multi-gen living, full investment play, or luxury vacation home with private guest quarters, this property works every way. Borders Scottsdale. Minutes from Mayo Clinic. Rebuilt in 2015. Single-level. Main residence 3 bed / 2.5 bath / 2,341 SF. Attached 2-bed casita 563 SF. Detached casita 396 SF. Each unit has private entrance, kitchen, granite finishes, walk-in shower, screened patio. Resort backyard: diving pool, gazebo, built-in BBQ, gas firepit. 15,000 SF lot. All three units fully independent and simultaneously occupiable. Potential rental income estimates (conservative): main house $3,300/mo, 2-bed casita $1,700/mo, studio casita $1,400/mo. Rental income estimates are provided for informational purposes only -- buyer to independently verify.
Rooftop deck addition plans available -- buy the views at renovation cost not purchase price and step into a whole new price bracket. Seller offering concession toward rate buydown -- ask listing agent for full financial scenarios. STR eligible -- Fountain Hills city registration required, simple low-cost process. NPOA: $335 transfer fee + $400 documentation fee at close only. No monthly dues, no annual assessments. Rental use unrestricted. Contact listing agent for full investment breakdown and financing scenarios