For sale Home

Listed Aug 13, 2026

$1,350,000 Est. $8,929/mo

5002 North 38th Place

  • 5

    Beds

  • 3

    Baths

  • 2,823

    Sq ft

The story

  • Pool

RATE BUYDOWN w/ SELLER CREDIT to 4.75 - 5.75% range. REDUCE your mortgage payments for the first 2 years! WELCOME to this stunning 5-bedroom, 3.5-bathroom designer residence offering over 2,800 sq. ft. of modern luxury living in the highly desirable Arcadia Camelback Villa Estates that sits just 5 blocks from world-famous Old Town Scottsdale and its vibrant dining, nightlife, and shopping scene. This unique property is designed to impress both homeowners and investors with a rare dual-master suite layout, a spacious split floor plan, and resort-style outdoor amenities. Seller is a licensed Mortgage Broker. (CLICK ''MORE'' FOR THE FULL DESCRIPTION) Modern Luxury Arcadia Home - Dual Master Suites & Resort-Style Living Welcome to this stunning 5-bedroom, 3.5-bathroom designer residence offering over 2,800 sq. ft. of modern luxury living in the highly desirable Arcadia Camelback Villa Estates--just 5 blocks from world-famous Old Town Scottsdale and its vibrant dining, nightlife, and shopping scene. This unique property is designed to impress both homeowners and investors with a rare dual-master suite layout, a spacious split floor plan, and resort-style outdoor amenities. Home Highlights " Two Master Suites - Located on opposite wings of the home, each with private spa-style bathrooms featuring soaking tubs, walk-in showers, and direct pool access. " Gourmet Kitchens - Dual kitchen spaces open into a sunken living room, creating seamless indoor-outdoor entertaining flow. " Resort Backyard - Heated Pebble-Tec pool & spa, multicolor light fountain, lush mature landscaping, multiple lounge areas, and a large covered patio offering total privacy. " Additional Features - Wine fridge, built-in laundry cabinetry, spacious 2- car garage, and beautifully updated designer finishes throughout. Prime Location Nestled in Arcadia, one of Scottsdale's most sought-after neighborhoods, the property is minutes from Camelback Mountain hiking, high-end restaurants, boutique shopping, and some of Arizona's most exciting breweries and entertainment. Investor Appeal With its fully remodeled interiors, dual kitchens, multiple en-suite bedrooms, and resort backyard, this home is a turnkey furnished rental opportunity. Its proximity to Old Town makes it highly desirable for short-term rental guests seeking upscale Scottsdale experiences--offering strong cash flow potential from day one. This home blends luxury family living with exceptional investment potential. Whether you're seeking a forever home in the heart of Scottsdale or a profitable fully furnished turnkey asset in Arizona's hottest rental market, this property delivers.

Facts & features

Home type

Home

Year built

1963

Floors

1

Price per sq ft

$478

Parking

2-car garage

Included features

  • Pool

    Yes

  • Cooling

    Central Air, Ceiling Fan(s), Programmable Thmstat

  • Heating

    Electric

  • Appliances

    Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Cooktop, Built-In Electric Oven

  • Flooring

    Concrete

  • Roof

    Composition

  • Lot Information

    East/West Exposure, Sprinklers In Rear, Corner Lot, Desert Back, Gravel/Stone Front

  • Water Source

    City Water

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$8,929 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $7,185
  • Property tax $1,350
  • Insurance $394

Includes principal, interest, taxes & insurance.

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Listing Broker

Property Management Real Estate

Broker Name

Property Management Real Estate

Agent

Aaron Michael Simpson