5002 N 38TH Place, Phoenix, AZ 85018

• 5 beds |
• 3 baths |
• 2,823 sqft

Property Description

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.

Listing Status:

Active

Date Added:

August 13, 2026

Data Last Updated:

August 28, 2026 at 7:06AM

Listing Office:

Property Management Real Estate : 480-945-7755

Listing Agent:

Aaron Michael Simpson : 480-737-9781

MLS ID:

7066567

Interior

• General: Granite CountersEat-in KitchenBreakfast Bar2 Master BathsFull Bth Master BdrmSeparate Shwr & Tub
• Flooring: Concrete
• A/C: Central AirCeiling Fan(s)Programmable Thmstat
• Heating: Electric

Exterior

• General: Above GroundHeatedPrivate
• Style: Ranch
• Pool: Variable Speed PumpOutdoorHeatedLap
• Parking: Attached GarageGarage Door Opener

Construction

• Roofing: Composition
• General: StuccoPaintedBlock

Location

• Road/Access: Concrete
• HOA Amenities: No Fees
• Originating MLS: Arizona Regional Multiple Listing Service 2
• School District: Creighton Elementary District
• County: Maricopa

Lot

• Zoning: 17016018A
• Fencing: Block

Utilities

• Water: City Water
• Sewer: Public Sewer

Financial

• Source: Arizona Regional Multiple Listing Service 2