Cave Creek Real Estate

Cave Creek Real Estate

Cave Creek: A Charming Retreat in Maricopa County, Arizona

Nestled in the picturesque Maricopa County of Arizona, Cave Creek is a hidden gem that offers a unique blend of small-town charm and natural beauty. Located just a short drive north of Phoenix, this vibrant community offers residents and visitors a peaceful retreat from the hustle and bustle of city life.

One of the defining features of Cave Creek is its stunning desert landscape. Surrounded by majestic mountains and dotted with towering saguaro cacti, the area provides a breathtaking backdrop for outdoor enthusiasts. Hiking, biking, and horseback riding trails crisscross the region, allowing residents to explore the rugged beauty of the Sonoran Desert.

In addition to its natural beauty, Cave Creek also boasts a rich cultural heritage. The town is home to several art galleries, showcasing the works of local and regional artists. Visitors can browse through unique sculptures, paintings, and jewelry, capturing the essence of the Southwest.

Cave Creek is also known for its vibrant dining and entertainment scene. The town is dotted with charming restaurants, offering a variety of cuisines ranging from Southwestern flavors to international delights. Live music venues and local bars provide a lively atmosphere for residents and visitors to unwind and enjoy the vibrant nightlife.

With its close proximity to Phoenix, Cave Creek offers the perfect balance between tranquility and convenience. Residents can easily access the amenities and employment opportunities of the city while enjoying the peace and serenity of a smaller community.

Whether you're seeking a weekend getaway or a place to call home, Cave Creek offers a unique blend of natural beauty, cultural richness, and small-town charm that is sure to captivate your heart.

Newest Listings in Cave Creek

$2,800,000
3 Beds 4 Baths 7061138 MLS 5,708 SqFt.
Nestled on 4.55 private acres backing directly to BLM land, this custom-built luxury estate offers breathtaking Sonoran Desert views, unmatched privacy, and direct ride-out access to the scenic trails of Cave Creek Regional Park. With ample room to build barns, stables, and riding arenas, this is the ideal property for equestrian enthusiasts seeking the ultimate Arizona lifestyle or someone looking for a private, quiet serene property. A rooftop deck with a hot tub to enjoy the sunsets, the stars and the moon. An outdoor kitchen, and fireplace captures sweeping desert views, while an oversized four-car air-conditioned garage, RV parking with a dump station, mature citrus trees, an irrigated garden, and a chicken coop complete this one-of-a-kind desert retreat. Custom iron doors, rich wood and travertine flooring, and Cantera stone accents create a timeless, sophisticated feel throughout. The gourmet kitchen is appointed with Wolf appliances, a built-in Sub-Zero refrigerator and freezer, granite countertops, and an oversized island. Designed for entertaining, the bar and theater room opens seamlessly to the expansive patio through dramatic bifold doors. Thoughtfully designed with exceptional craftsmanship, the home features three spacious bedrooms, each with a private ensuite bath, a dedicated office that can easily serve as a fourth bedroom, and two additional powder rooms. The home has a warmth to it that hugs you tight, every room feels cozy even for the size. Ideally located less than a mile from Carefree Highway and just minutes from Cave Creek's premier shopping, dining, and recreation, this exceptional estate offers the perfect blend of luxury, privacy, and outdoor living.

35425 N 37th Street, Cave Creek

$695,000
6 Beds 6 Baths 7060894 MLS
* **9.74% Day-One Cap Rate -- Exceptional Yield in a Single-Family Asset** * **Absolute NNN Structure -- Tenant Reimburses Property Taxes and Insurance** * **Contractual Rental Growth Built Into the Initial 5-Year Lease Term** * **Forward Yield Increases to Approximately 10.43% by Year 5** * **Newly Executed Lease Provides Contractual Income Through 2030** * **Personal Guarantee Supports the Tenant's Lease Obligations** * **More Than $40,000 in Recent Renovations and Capital Improvements** * **Predictable Income Stream Secured by Phoenix Real Estate** * **Built-In Upside Without Renovation, Repositioning, or Intensive Management** * **Rare Combination of Double-Digit Forward Yield and Residential Real Estate** ABSOLUTE NNN SINGLE-TENANT INVESTMENT 5-Year Lease | Built-In Rental Growth | 9.74% Year 1 Cap Rate POSITIONING Bond-Like Income Secured by Real Estate Absolute Triple NNN lease structure Newly executed 5-year lease commencing January 1, 2026 Personal guarantee Two additional 5-year renewal options Monthly base rent increases by $100 each year Tenant's first right of refusal ASKING PRICE: $695,000 EXECUTIVE SUMMARY Gerchick Real Estate is pleased to present a fully stabilized, single-tenant Absolute NNN investment secured by a newly executed 5-year lease. In addition to base rent, the tenant reimburses the landlord for property taxes and insurance, creating a predictable and largely passive income stream. This investment offers: Immediate cash flow Contractual annual rent growth Minimal landlord responsibility Personal guarantee Long-term renewal potential Strong initial and forward yields The property's value is driven by its contractual income stream. This is not an owner-occupant comparable-sale opportunity--it is a yield-focused real estate acquisition. FINANCIAL OVERVIEW Year 1 Income Base Rent: $5,200 per month NNN Reimbursements: $440.25 per month Total Monthly Income: $5,640.25 Total Annual Income: $67,683 Year 1 Cap Rate Purchase Price: $695,000 $67,683 ÷ $695,000 = 9.74% YEAR 1 CAP RATE: 9.74% FORWARD YIELD GROWTH Lease Year Annual Income Yield on Original Purchase Price Year 1 $67,683 9.74% Year 2 $68,883 9.91% Year 3 $70,083 10.08% Year 4 $71,283 10.26% Year 5 $72,483 10.43% By Year 5, the annual yield increases to approximately 10.43% based on the original $695,000 purchase price. FIVE-YEAR CASH-FLOW PROJECTION Assuming an all-cash purchase at $695,000: Lease Year Projected Gross Income Year 1 $67,683 Year 2 $68,883 Year 3 $70,083 Year 4 $71,283 Year 5 $72,483 Total $350,415 TOTAL PROJECTED FIVE-YEAR GROSS INCOME: $350,415 The projected five-year gross income equals approximately 50.42% of the purchase price, providing investors with the potential to recover more than half of the original acquisition cost through gross income during the initial lease term alone. LEASE ABSTRACT Lease commencement: January 1, 2026 Initial lease term: 5 years Renewal options: Two additional 5-year terms Base-rent increases: $100 per month annually Guarantee: Personal guarantee First right of refusal: Provided to tenant Property taxes: Reimbursed by tenant Property insurance: Reimbursed by tenant Lease structure: Absolute NNN INVESTMENT THESIS Why This Asset Performs Attractive 9.74% initial cap rate Contractual annual rent increases Forward yield exceeding 10% beginning in Year 3 Personal guarantee helps reduce investment risk Minimal ongoing management burden Annual increases provide a hedge against inflation Strong Phoenix location Potential for future cap-rate compression Contractual income secured by underlying real estate Two additional 5-year renewal options This structure may appeal to private investors, 1031 exchange buyers, family offices, and yield-focused purchasers seeking stable real estate income without the management demands of a traditional residential rental. BUYER REQUIREMENTS The Seller recognizes that traditional residential appraisal methodology may not fully reflect the value of the property's contractual income stream. All offers must: Be submitted as an all-cash purchase; or Waive the appraisal contingency; and Include acceptable proof of funds This is an income-driven acquisition. DISCLAIMER All information contained herein has been obtained from sources deemed reliable but is not guaranteed. Buyer shall independently verify all information, including but not limited to lease terms, rental income, reimbursements, expenses, property condition, zoning, square footage, and all other material facts.

1927 E Crocus Drive, Phoenix

$5,900,000
7053233 MLS
Hidden View Ranch is a rare 82.66-acre legacy property where Cave Creek flows through the heart of the ranch. Bordered by the Spur Cross Conservation Area and State Trust Land, it offers exceptional privacy, direct access to protected open space, and breathtaking mountain views in every direction. Improvements include a nearly completed custom residence with attached guest casita, a separate 1,600-square-foot home, a barn with apartment, six-stall horse barn, kennel building, and three productive water wells. The original historic Dick Van Dyke homestead is rich in history and natural beauty. This extraordinary property offers limitless potential as a premier equestrian estate, family compound, luxury retreat, or generational legacy ranch. See further information click the more tab. Hidden View Ranch is a truly extraordinary Arizona legacy property offering a rare combination of history, natural beauty, privacy, water resources, and equestrian amenities. Encompassing 82.66 acres in the heart of one of the most scenic and protected landscapes in the Desert Southwest, this remarkable ranch presents an opportunity that is becoming increasingly difficult to find and impossible to duplicate. Originally established as the historic Dick Van Dyke Homestead, Hidden View Ranch occupies a unique setting where Cave Creek seasonally flows through the property, creating a lush desert oasis unlike any other in the region. Mature cottonwoods, native vegetation, and abundant wildlife thrive along the creek corridor, providing a striking contrast to the surrounding Sonoran Desert landscape. The property is bordered by both the Spur Cross Conservation Area and State Trust Land, ensuring exceptional privacy while providing direct access to thousands of acres of protected open space. The result is a ranch that feels both secluded and expansive, with uninterrupted mountain views stretching in every direction. Water is among the most valuable assets in the Southwest, and Hidden View Ranch is uniquely positioned in this regard. In addition to the natural presence of Cave Creek, the property benefits from three productive water wells that provide a reliable and valuable water supply for residential, agricultural, and equestrian uses. These water resources significantly enhance the ranch's long-term value and offer flexibility for future expansion and development. The improvements on the property have been thoughtfully designed to support a wide range of uses, from luxury ranch living and equestrian pursuits to guest accommodations and multigenerational ownership. The nearly completed main residence reflects exceptional craftsmanship and attention to detail, blending timeless design with modern comfort. An attached guest casita provides additional living space for visitors or extended family members. Complementing the main residence is a separate 1,600-square-foot home that can serve as guest quarters, staff housing, or a private residence for family members. Equestrian facilities are a central component of the ranch. The property includes a barn with an apartment, a separate six-stall horse barn, and ample room for arenas, paddocks, training facilities, and expanded horse operations. The surrounding landscape offers exceptional opportunities for trail riding and outdoor recreation, with immediate access to vast stretches of protected land. A dedicated kennel building further enhances the versatility of the property and supports a variety of ranch and sporting lifestyles. Beyond its existing improvements, Hidden Valley Ranch offers tremendous future potential. Whether envisioned as a world-class equestrian estate, a private family compound, a luxury retreat, a working ranch, or a conservation-minded legacy property, the ranch provides an unparalleled foundation for a wide range of possibilities. The combination of acreage, water, privacy, protected surroundings, and substantial infrastructure creates a unique opportunity for an owner to shape the property according to their vision while preserving its remarkable character and heritage. The ranch consists of two separate contiguous parcels, a 67.66 acre parcel that is completely vacant and a 14.993 acre parcel that has the homes and facilities located on it. It is more than a ranch; it is a legacy property of exceptional quality, historical significance, and lasting value--a rare opportunity to own one of Arizona's truly remarkable private estates.

42650 N 52nd Street Unit -, Cave Creek

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