MELROSE VILLAGE
Property • Residential
Web ID # 6998834
$949,500.00
4 Beds • 3 Baths
Property Features
Arizona Regional Multiple Listing Service (ARMLS)
SELLER MOTIVATED TO SELL
Fully Renovated Old Town Scottsdale Pool Home | Turnkey STR Opportunity
Fully remodeled entertainer's home just minutes from Old Town Scottsdale. This 4-bedroom, 3-bath property offers a rare combination of location, layout, and income potential ideal as a primary residence, second home, or short-term rental. The open-concept interior features updated finishes throughout, while the spacious backyard is designed for Arizona living with a private pool, putting green, and multiple entertaining areas.
Larger than many homes in the neighborhood at 2,060 sqft and a large yard, this property offers flexibility for families, investors, or those seeking a turnkey Scottsdale lifestyle.
The updated kitchen is designed for both function and style, featuring contemp cabinetry, modern countertops, and a seamless connection to the main living and dining areas, ideal for hosting or maximizing rental appeal.
A versatile bonus room/den provides additional flexibility and can serve as a fifth bedroom, media room, office, or game space, enhancing both livability and income potential.
The floorplan is thoughtfully arranged with multiple bedroom suites, offering privacy and convenience for guests or multi-generational living. The primary suite includes direct backyard access, creating a quiet retreat within the home.
The outdoor space is built for year-round enjoyment, featuring a private pool, putting green, covered patio, and multiple areas to relax or entertain, key features that drive strong performance in the Scottsdale rental market.
From an investment standpoint, the property presents compelling income potential, with short-term rental projections exceeding $100,000 annually depending on management and seasonality. For those seeking more stable occupancy, the home also aligns well with mid-term rental demand, with estimated rents around $5,800 per month from traveling professionals, corporate relocations, and seasonal stays.
Located in South Scottsdale near Old Town, the property offers close proximity to golf, spring training, restaurants, shopping, and nightlife, making it highly attractive for both personal use and rental demand year-round.
This is a rare opportunity to own a move-in ready property with strong lifestyle appeal and the flexibility to perform as an income-producing asset in one of Scottsdale's most sought-after areas.
Head south on 68th St, then turn east onto Virginia Ave. Continue to 68th Place and turn south. Your new home will be on the right.
Dwelling Type: Residential
Subdivision: MELROSE VILLAGE
Year Built: 1959, County: US
Head south on 68th St, then turn east onto Virginia Ave. Continue to 68th Place and turn south. Your new home will be on the right.
Listing is courtesy of Real Broker
