4036 N 40th Place
Phoenix, AZ 85018
- 4 beds
- 2 baths
- 2,108 sqft
- 9,696 sqft lot
- $485 per sqft
- 1953 build
- – on site
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.
Last checked:
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Last updated Mar 25, 2025
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MLS# 6800518 —
The Building
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Year Built:1953
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New Construction:No
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Construction Materials:Synthetic Stucco, Wood Frame, Brick Veneer, Painted, Stucco, Block
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Architectural Style:Ranch
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Builder Name:Custom
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Roof:Composition
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Stories Total:1
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Basement:false
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Basement:No
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Window Features:Dual Pane
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Direction Faces:None
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Patio And Porch Features:Covered Patio(s), Patio
Interior
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Interior Features:Furnished(See Rmrks), Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Granite Counters
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Furnished:None
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Flooring:Stone, Tile, Wood
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Wood Flooring:true
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Fireplaces Total:None
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Fireplace:false
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Fireplace Features:None
Room Dimensions
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Living Area:2108.0
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Living Area Units:None
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Living Area Source:Assessor
Financial & Terms
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Possession:Close Of Escrow
Location
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Latitude:33.494515
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Longitude:-111.994213
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Cross Street:40th St and Indian School Rd
The Property
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Property Type:Residential
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Property Subtype:Single Family Residence
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Parcel Number:127-17-003
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Lot Features:Alley, Cul-De-Sac, Grass Front, Synthetic Grass Back, Irrigation Front, Irrigation Back
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Lot Size Area:9696.0
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Lot Size Acres:0.22
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Lot Size SqFt:9,696 Sqft
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Lot Size Dimensions:None
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Lot Size Units:Square Feet
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Lot Size Source:Assessor
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Land Lease:false
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Road Responsibility:City Maintained Road
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View:Mountain(s)
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Fencing:Block, Wood
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Horse:false
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Other Structures:Gazebo
Listing Agent
- Contact info:
- Agent phone:
- (602) 469-1268
- Office phone:
- (602) 888-6375
Taxes
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Tax Year:2024
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Tax Annual Amount:2808.0
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Tax Lot:3
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Tax Map Number:17.00
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Tax Book Number:127.00
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Tax Legal Description:LOT 3 GARY LYN MCR 004828
Beds
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Bedrooms Total:4
Baths
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Total Baths:2.0
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Total Baths:2
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Full Baths:None
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Half Baths:None
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Partial Baths:None
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Three Quarter Baths:None
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Quarter Baths:None
The Listing
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Virtual Tour URL Branded:None
Heating & Cooling
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Heating:Natural Gas
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Heating:true
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Cooling:Central Air, Ceiling Fan(s)
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Cooling:true
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Central Air:true
Utilities
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Sewer:Public Sewer
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Water Source:City Water
Appliances
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Range Oven:true
Schools
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Elementary School:Tavan Elementary School
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Elementary School District:Scottsdale Unified District
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Middle Or Junior School:Ingleside Middle School
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High School:Arcadia High School
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High School District:Scottsdale Unified District
The Community
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Subdivision Name:GARY LYN
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Senior Community:No
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Association:false
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Association Amenities:None
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Association Fee Includes:No Fees
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Pool Private:true
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Pool Features:Heated, Private
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Spa Features:None
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Pets Allowed:None
Parking
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Parking Total:None
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Garage:No
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Garage Spaces:1.0
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Covered Spaces:1.0
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Parking Features:RV Gate, Garage Door Opener
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Open Parking Spaces:4.0
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Garage Door Opener:true
Monthly cost estimate

Asking price
$1,024,000
Expense | Monthly cost |
---|---|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$5,483
|
Taxes | $234 |
Insurance | $281 |
Utilities | $238 See report |
Total | $6,236/mo.* |
*This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
3/18/25
Mar 18, 2025
|
Price Changed | ARMLS | $1,024,000 | -2.4% |
3/3/25
Mar 3, 2025
|
Price Changed | ARMLS | $1,049,000 | -4.5% |
2/17/25
Feb 17, 2025
|
Price Changed | ARMLS | $1,099,000 | -2.7% |