Veterans United Realty
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4036 N 40TH Place, Phoenix, AZ 85018

$1,130,000 Asking Price

4 beds
2 baths
2,108  sqft
Built in 1953

Welcome to one of the most stunning and versatile homes in the highly desirable Arcadia Lite neighborhood. Offered fully furnished and move-in ready, this 2108 SqFt home is perfect for investors looking to continue its Airbnb success or buyers seeking a luxurious primary or secondary residence. Situated in a prime location, the home is steps away from Phoenix's best coffee shops, brunch spots, and bars, with Camelback Mountain hiking trails nearby and Old Town Scottsdale less than five miles away. Located steps from local favorites such as La Grande Orange, Postino, and The VIG, and minutes from Sky Harbor Airport, Biltmore Fashion Park, and Downtown Phoenix, this home is perfectly positioned to offer the best of Arcadia Lite living. Originally remodeled in 2014 by a renowned Phoenix architectural firm, the home was taken down to the studs and reimagined with exceptional attention to detail. In the last three years, several more updates have been done including the addition of a 300 sq. ft. aluminum patio cover, a new 5-ton A/C unit, a tankless water heater, a saltwater pool conversion system, and an upgraded water main with a pressure regulator. GE French-door refrigerator and Samsung front-loading washer and dryer will convey. The open-concept kitchen and great room feature a custom brick wall dining area and an abundance of natural light. The master suite includes a barn wood accent wall, a spa-like ensuite bathroom, an oversized walk-in closet and access to the backyard. The outdoor space is a private oasis with a 9,700 sq. ft. irrigated lot, low-maintenance landscaping including bright pink bougainvillea, artificial turf, and grey paver patio. Perfect for entertaining, the backyard features a custom, wood cabana-bar with electricity and a saltwater pool (built in 2020). With a proven track record as a successful Airbnb, this property has hosted more than 500 guests and comes with a loyal Instagram following of over 2,200 followers, which can be transferred upon sale. Whether you're seeking a turnkey investment or a personal retreat, this property offers endless possibilities.

Listing Status:
Active
Date Added:
January 5, 2025 — 26 days ago
Listing Office:
The Brokery, Ronald J Wadsworth (602-469-1268)
Office Phone:
602-888-6375
MLS ID:
6800518

Features & Amenities

Interior

General:
Furnished(See Rmrks), Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Granite Counters
Flooring:
Stone, Tile, Wood
A/C:
Ceiling Fan(s), Refrigeration
Heating:
Natural Gas
Fireplace:
None

Exterior

General:
Covered Patio(s), Gazebo/Ramada, Patio
Style:
Ranch
Pool:
Heated, Private
Parking:
Electric Door Opener, RV Gate

Construction

Roofing:
Composition
Windows:
Dual Pane
General:
Brick Veneer, Painted, Stucco, Block, Frame - Wood

Location

HOA Amenities:
No Fees
Originating MLS:
Arizona Regional Multiple Listing Service 2
School District:
Scottsdale Unified District
County:
Maricopa

Lot

Zoning:
12717003
Fencing:
Block, Wood

Utilities

Water:
City Water
Sewer:
Public Sewer

Financial

Source:
Arizona Regional Multiple Listing Service 2

This listing courtesy of:
The Brokery, Ronald J Wadsworth

About Phoenix, AZ

Housing

Number of Units
596,932
Median Home Value
$290,395
Median Rent
$952

46.44% of housing units are renter occupied.

7.47% are vacant.

Commute

Car
66.98%
Public Transportation
2.21%
Walk to Work
1.46%
Work from Home
27.70%
Other
1.05%

The median travel time to work is 21 minutes.

People

Population
1,489,498
Median Age
35.00
Median Household Size
2.88

Education

High School
22.87%
Associate’s Degree
7.80%
Bachelor’s Degree
18.93%
Graduate Degree
10.95%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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