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10641 E Cottontail Ln
Scottsdale, AZ

10641 E Cottontail Ln

$2,724,300
3 bd • 5 ba • 4,647 sf

This analysis was generated by artificial intelligence on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

List Price

$2,724,300

Price/Sq.Ft

$586

Year Built

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

This property at 10641 E Cottontail Ln, Scottsdale, AZ 85255 boasts several impressive features. At 4,647 sqft, it's significantly larger than the average home in the area, offering ample space. The price per square foot of $586.25 is competitive for luxury properties in North Scottsdale. The property features 5 bathrooms, which is above average for a 3-bedroom home, suggesting high-end finishes and potential for a spa-like master suite. The aerial image shows the property is situated in an exclusive area with large lots and multiple water features, likely part of a golf course community. This adds significant value and lifestyle appeal. The median income of $132,266 in the area indicates a affluent neighborhood, which typically correlates with strong property value retention and appreciation.

The Bad

The listing price of $2,724,300 is substantially above the median home value in Scottsdale, which may limit the pool of potential buyers. With only 3 bedrooms despite its large size, the layout may not be ideal for families needing more sleeping areas. The lack of detailed information about the year built, specific features, and utilities is concerning, as it makes it difficult to assess the property's condition and potential maintenance needs. The aerial image shows a desert landscape, which while beautiful, can lead to high water costs for maintaining any non-native vegetation.

The Ugly

The extreme heat in Scottsdale (often exceeding 110°F in summer) puts significant stress on HVAC systems, potentially leading to high replacement costs if the system is older or inefficient. Without information on the home's age or recent upgrades, there's a risk of hidden costs for major system replacements. The desert environment also presents risks of scorpion infestations, which can be costly to manage. The area's susceptibility to flash floods during monsoon season could pose a risk, especially given the presence of water features nearby. If this is a golf course community, high HOA fees are likely, which aren't disclosed in the provided information.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for affluent buyers with household incomes over $300,000, based on conventional mortgage calculations. It's ideal for luxury home seekers who prioritize space and high-end finishes over bedroom count. The property would appeal to golf enthusiasts or those desiring a resort-like lifestyle, given the apparent proximity to water features and likely golf course. It's well-suited for couples or small families who enjoy entertaining, given the large square footage and bathroom count. Investors looking for high-end rental properties could also consider this, as the rental rate for 3+ bedroom homes in the area is $3,580+, suggesting potential for premium rental income.

Not For

This property is not suitable for first-time homebuyers or those with household incomes below $300,000 due to the high purchase price and likely expensive maintenance costs. Families needing 4+ bedrooms would find the current layout challenging despite the large square footage. Buyers seeking a low-maintenance property or those uncomfortable with desert living conditions (extreme heat, potential for scorpions) should look elsewhere. It's also not ideal for those prioritizing water conservation, as maintaining lush landscaping in this environment can be water-intensive and expensive.
Demographics
Area Median Income

$132,266

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Risk Assessment

Risk Analysis

Climate risks are significant, with extreme heat potentially causing accelerated wear on the home's systems and structure. Flash flooding during monsoon season is a concern, especially given the nearby water features. The lack of information on the home's age and systems raises red flags about potential near-term major expenses (roof, HVAC, etc.). If part of a golf community, there's a risk of high and increasing HOA fees. The luxury market can be volatile, potentially affecting resale value. Water scarcity in Arizona is an ongoing issue, which could lead to rising costs and usage restrictions. The high-end nature of the property may result in longer selling times if the market softens.

Financials

Monthly Costs

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$2,585,000

-5.1% below list price

Median Price

$2,000,000

Based on 5 recent sales

Price per Sq.Ft

$572

Comparable Properties

11420 E LA JUNTA Road, Scottsdale, AZ 85255
Price: $2,200,000
Sq.Ft: 3,746
Beds/Baths: 4/5
$/Sq.Ft:
$5870.2%
Sale Date: 9/12/2024
10801 E HAPPY VALLEY Road #17, Scottsdale, AZ 85255
Price: $2,000,000
Sq.Ft: 4,088
Beds/Baths: 3/4
$/Sq.Ft:
$48916.5%
Sale Date: 10/30/2024
10956 E TUSAYAN Trail, Scottsdale, AZ 85255
Price: $4,800,000
Sq.Ft: 5,300
Beds/Baths: 3/4
$/Sq.Ft:
$90654.5%
Sale Date: 10/10/2024
10040 E HAPPY VALLEY Road #630, Scottsdale, AZ 85255
Price: $1,975,000
Sq.Ft: 5,069
Beds/Baths: 4/6
$/Sq.Ft:
$39033.5%
Sale Date: 9/5/2024
11402 E DESERT TROON Lane, Scottsdale, AZ 85255
Price: $1,950,000
Sq.Ft: 4,004
Beds/Baths: 3/4
$/Sq.Ft:
$48716.9%
Sale Date: 9/20/2024

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