Tucked away in the heart of Cave Creek on a sprawling 1.2-acre lot, this fully remodeled home offers the perfect blend of privacy, luxury, and Southwest charm. Designed with a resort-style atmosphere, the home features a modern gourmet kitchen with a spacious walk-in pantry, beautifully updated bathrooms, and stylish new flooring throughout. A generous bonus room provides flexibility and could easily serve as a fourth bedroom. Thoughtfully upgraded, the home also boasts newer HVAC systems, fresh interior and exterior paint, and a recently recoated roof. Step outside to a lush backyard oasis, enhanced by mature landscaping and ambient lighting that showcases the property's natural beauty. A large elevated deck with built-in grill and custom shade sails creates an ideal space for outdoor dining and relaxation. Enjoy the sparkling pool, spa, and fire pit perfect for entertaining or simply taking in the peaceful desert surroundings and local wildlife. Located on a quiet cul-de-sac just moments from top-rated schools, shopping, and dining, this expansive property offers endless possibilities including space for a casita, workshop, or RV storage.
Sold for $1,100,000
$1,100,000
5431 E Olesen Road, Cave Creek, AZ 85331
4beds
3baths
2,810sqft
Single Family Residence
Built in 1993
1.14 Acres Lot
$1,090,700 Zestimate®
$391/sqft
$4,743 Estimated rent
Home value
$1,090,700
$993,000 - $1.19M
$4,743/mo
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Zillow last checked: 7 hours ago
Listing updated: April 12, 2026 at 07:10pm
Listed by:
Thomas Witt 480-570-0706,
Russ Lyon Sotheby's International Realty,
Joanna Wilkins 480-363-5792,
Russ Lyon Sotheby's International Realty
Bought with:
Joalice Ryan, SA661083000
Realty ONE Group
Source: ARMLS,MLS#: 6914430
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Mini Split, ENERGY STAR Qualified Equipment, Electric
Cooling
- Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Mini Split
Appliances
- Included: Water Softener Owned, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Cooktop, Built-In Electric Oven
- Laundry: Inside
Features
- Pantry, Non-laminate Counter, High Speed Internet, Double Vanity, Eat-in Kitchen, Breakfast Bar, No Interior Steps, Kitchen Island, Full Bth Master Bdrm, Separate Shwr & Tub
- Flooring: Carpet, Tile, Wood
- Windows: Skylight(s), Double Pane Windows, ENERGY STAR Qualified Windows
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Family Room
Interior area
- Total structure area: 2,810
- Total interior livable area: 2,810 sqft
Property
Parking
- Parking features: Circular Driveway, Electric Vehicle Charging Station(s)
Features
- Stories: 1
- Patio & porch: Covered
- Exterior features: Built-in Barbecue
- Has private pool: Yes
- Pool features: Outdoor Pool, Fenced
- Has spa: Yes
- Spa features: Above Ground, Heated, Private
- Fencing: Wrought Iron
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 1.14 Acres
- Features: North/South Exposure, Desert Back, Desert Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
Details
- Parcel number: 21146045
- Special conditions: Owner/Agent
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco, Wood Frame, Painted
- Roof: Composition,Foam
Condition
- Year built: 1993
Utilities & green energy
- Electric: 220 Volts in Kitchen
- Sewer: Septic Tank
- Water: City Water
Green energy
- Water conservation: Recirculation Pump
Community & neighborhood
Location
- Region: Cave Creek
- Subdivision: Metes and bounds
Other
Other facts
- Listing terms: Cash,Conventional,VA Loan
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 11/3/2025 | Sold | $1,100,000-12%$391/sqft |
Source:  ARMLS #6914430 Report a problem | ||
| 10/1/2025 | Pending sale | $1,250,000$445/sqft |
Source: ARMLS #6914430 Report a problem | ||
| 9/4/2025 | Price change | $1,250,000-3.1%$445/sqft |
Source: ARMLS #6914430 Report a problem | ||
| 3/5/2025 | Listed for sale | $1,290,000-2.9%$459/sqft |
Source: Owner Report a problem | ||
| 2/20/2025 | Listing removed | $1,328,000$473/sqft |
Source: ARMLS #6721033 Report a problem | ||
| 1/8/2025 | Price change | $1,328,000-1.5%$473/sqft |
Source: ARMLS #6721033 Report a problem | ||
| 10/3/2024 | Price change | $1,348,000-0.9%$480/sqft |
Source: ARMLS #6721033 Report a problem | ||
| 6/19/2024 | Listed for sale | $1,360,000+255.6%$484/sqft |
Source: ARMLS #6721033 Report a problem | ||
| 10/15/2008 | Sold | $382,500-33.5%$136/sqft |
Source: ARMLS #3004281 Report a problem | ||
| 10/18/2006 | Sold | $575,000+1953.6%$205/sqft |
Source: Public Record Report a problem | ||
| 4/1/1994 | Sold | $28,000$10/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,769 -0.2% | $75,270 -0.6% |
| 2024 | $1,773 +2.4% | $75,700 +65.4% |
| 2023 | $1,732 -3.2% | $45,764 -13.9% |
| 2022 | $1,789 -9.6% | $53,150 +6.4% |
| 2021 | $1,979 +3.1% | $49,970 +7.6% |
| 2020 | $1,919 +3.9% | $46,450 +3% |
| 2019 | $1,847 | $45,100 +19.6% |
| 2018 | $1,847 +3.7% | $37,710 +3.3% |
| 2017 | $1,781 +6.3% | $36,500 +2.5% |
| 2016 | $1,676 +8.1% | $35,610 +5% |
| 2015 | $1,550 | $33,930 +15% |
| 2014 | -- | $29,500 +5% |
| 2013 | -- | $28,100 |
| 2012 | -- | $28,100 -7% |
| 2011 | -- | $30,220 -18.5% |
| 2010 | -- | $37,080 -17.9% |
| 2009 | -- | $45,180 -2.1% |
| 2008 | -- | $46,150 +7.5% |
| 2007 | -- | $42,950 +95.2% |
| 2006 | -- | $22,000 |
| 2005 | -- | $22,000 +8.1% |
| 2004 | -- | $20,350 |
| 2003 | -- | $20,350 +16.3% |
| 2002 | -- | $17,500 |
Find assessor info on the county website
Neighborhood: 85331
Nearby schools
GreatSchools rating
- 8/10Black Mountain Elementary SchoolGrades: K-6Distance: 0.6 mi
- 10/10Cactus Shadows High SchoolGrades: 8-12Distance: 0.8 mi
- 3/10Sonoran Trails Middle SchoolGrades: 6-8Distance: 4.3 mi
Schools provided by the listing agent
- Elementary: Black Mountain Elementary School
- Middle: Sonoran Trails Middle School
- High: Cactus Shadows High School
- District: Cave Creek Unified District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$1,090,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,090,700
- Arizona
- Maricopa County
- Cave Creek
- 85331
- 5431 E Olesen Road