DealDaddy AI / Neighborhoods / Cave Creek & Carefree
Cave Creek & Carefree Real Estate Guide, Price/SqFt & Comps (85331, 85377)
Sub-Market BLUF Summary (85331, 85377)
Cave Creek (85331) and Carefree (85377) offer dramatic boulder topography, cooler foothills temperatures, and 1-to-5+ acre equestrian and custom lots just north of Scottsdale.
Median Sale Price
$1,080,000
Median Price / Sq Ft
$385 / sq ft
Typical Days on Market
52 days
Public School District
Cave Creek Unified School District (CCUSD)
Buyer Acquisition Checklist in Cave Creek & Carefree
- Verify municipal water vs. private shared well or water-haul systems on unsubdivided acreage parcels in northern 85331.
Seller Top-Dollar Listing Tactics in Cave Creek & Carefree
- Highlight RV barns, casitas, horse facilities, and unobstructed Black Mountain views.
HOA Profile: Mix of acreage horse properties (No HOA) and luxury golf communities (Rancho Manana, Dove Valley)
Advisory Desk: Stephen R. Mannenbach, J.D., MBA · Licensed Arizona REALTOR® (ADRE #SA713873000 · HomeSmart LLC) (HomeSmart LLC)
Projected Value-Add Equity Spread & Unlevered Cap Rate
+$171,250 Equity · 4.80% Cap
• All-In Acquisition + Rehab Basis: $1,025,000
• Completed ARV (@ $435/sq ft): $1,196,250
• Estimated Annual Net Operating Income (NOI): $49,248/yr
Direct REALTOR® & Business Advisory Desk · HomeSmart LLC (ADRE #SA713873000)
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Prepared by our Licensed Arizona REALTOR® Desk (HomeSmart LLC · ADRE #SA713873000) for DealDaddy AI (Cave Creek & Carefree) clients.