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For sale
    • Price cut: $37.8K (7/8)
    $1,380,000

    40445 N 32ND Street, Cave Creek, AZ 85331

    3beds
    2,511sqft
    : 
    $7,947/mo
    Get pre-qualified
    Single Family Residence
    Built in 1993
    7.7 Acres Lot
    $-- Zestimate®
    $550/sqft
    $-- HOA

    What's special

    Mare motel with turnoutsWarm welcoming feelBuilt-in barQuiet valley setting
    LUCKY 7.77 ACRES -PRIVATE VALLEY HORSE PROPERTY BACKING TO OPEN DESERT. Recently upgraded, tucked into a quiet valley setting, this rare Cave Creek property offers privacy, views, and access to nature that buyers are searching for -- with Cave Creek Regional Park and Tonto National Forest right at your back yard. Set on approximately 7.77 acres (two parcels), this inviting 3-bedroom, 3-bath home offers a warm, welcoming feel with thoughtful spaces for both everyday living and entertaining. A cozy library with custom rock fireplace and built-in shelving creates the perfect retreat, while a built-in bar adds a touch of fun for hosting friends and family. This was designed with horse owner in mind but barn can easily be converted to a shop or car collectors garage. OWNER MAY CARRY. Owner designed with horse owners in mind but could have many other uses. For equestrians, the property features a mare motel with turnouts and ample room to expand into a larger equestrian setup. Whether you're a casual rider or looking to build out a more extensive facility, the land, layout, and location offer exceptional flexibility. Owned solar adds efficiency and value, while the natural desert surroundings provide breathtaking views, abundant wildlife, and a true Arizona lifestyle experience. This is more than a home -- it's a private desert retreat with room to grow, ride, and enjoy the best of Cave Creek living.
    119 days
    |
    1,348
    |
    95
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Barbara A Miller 602-920-0111,

    Russ Lyon Sotheby's International Realty,

    Mary Ann Miller 928-925-5521,

    Russ Lyon Sotheby's International Realty

    Source: ARMLS,MLS#: 7004927MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 3
      • Full bathrooms: 3
      Heating
      • Electric
      Cooling
      • Central Air, Ceiling Fan(s), Programmable Thmstat
      Appliances
      • Included: Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Cooktop
      • Laundry: Inside
      Features
      • High Speed Internet, Granite Counters, Double Vanity, Eat-in Kitchen, Breakfast Bar, Vaulted Ceiling(s), Wet Bar, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
      • Flooring: Tile
      • Windows: Double Pane Windows
      • Has basement: No
      • Number of fireplaces: 2
      • Fireplace features: Exterior Fireplace, Family Room
      Interior area
      • Total structure area: 2,511
      • Total interior livable area: 2,511 sqft

      Property

      Parking
      • Total spaces: 5
      • Parking features: Garage Door Opener
      • Garage spaces: 3
      • Uncovered spaces: 2
      Features
      • Stories: 1
      • Patio & porch: Covered, Patio
      • Exterior features: Private Street(s)
      • Has private pool: Yes
      • Pool features: Outdoor Pool, Fenced
      • Has spa: Yes
      • Spa features: Private
      • Fencing: Back Yard,Partial,Wrought Iron
      • Has view: Yes
      • View description: Desert, Mountain(s)
      Lot
      • Size: 7.7 Acres
      • Features: Rural, North/South Exposure, Borders Preserve/Public Land, Sprinklers In Front, Desert Front, Natural Desert Back, Natural Desert Front
      Details
      • Additional structures: Shed(s), Barn(s)
      • Parcel number: 21165002U
      • Horses can be raised: Yes
      • Horse amenities: See Remarks, Arena, Barn, Corral(s), Stall, Tack Room

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch,Territorial/Santa Fe
      • Property subtype: Single Family Residence
      Materials
      • Stucco, Wood Frame, Painted
      • Roof: Foam
      Condition
      • Year built: 1993

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private Well, Onsite Well
      Green energy
      • Energy efficient items: Solar Panels

      Community & HOA

      Community
      • Subdivision: Cave Creek horse property
      HOA
      • Has HOA: No
      • Services included: No Fees
      Location
      • Region: Cave Creek

      Financial & listing details

      • Price per square foot: $550/sqft
      • Tax assessed value: $777,200
      • Annual tax amount: $3,926
      • Date on market: 3/31/2026
      • Cumulative days on market: 118 days
      • Listing terms: Cash,Conventional,1031 Exchange
      • Ownership: Fee Simple
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        7/8/2026Price change$1,380,000-2.7%$550/sqft
        Source: ARMLS #7004927 Report a problem
        6/24/2026Price change$1,417,760-3.9%$565/sqft
        Source: ARMLS #7004927 Report a problem
        3/31/2026Listed for sale$1,475,000+5.7%$587/sqft
        Source: ARMLS #7004927 Report a problem
        1/13/2026Listing removed$1,395,000$556/sqft
        Source: ARMLS #6820675 Report a problem
        10/3/2025Price change$1,395,000-6.7%$556/sqft
        Source: ARMLS #6820675 Report a problem
        6/28/2025Price change$1,495,000-3.5%$595/sqft
        Source: ARMLS #6820675 Report a problem
        2/15/2025Listed for sale$1,550,000+23.5%$617/sqft
        Source: ARMLS #6820675 Report a problem
        2/15/2024Sold$1,255,000$500/sqft
        Source: ARMLS #6645265 Report a problem
        1/23/2024Pending sale$1,255,000$500/sqft
        Source: ARMLS #6645265 Report a problem
        1/10/2024Listed for sale$1,255,000+328.3%$500/sqft
        Source: ARMLS #6645265 Report a problem
        10/13/2010Sold$293,000-47.2%$117/sqft
        Source: ARMLS #4453982 Report a problem
        8/11/2004Sold$555,000$221/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,838 +19%$77,720 -5.5%
        2024$3,226 +1.1%$82,220 +88.8%
        2023$3,190 +1.4%$43,543 -21.8%
        2022$3,146 -3.6%$55,710 +7.4%
        2021$3,262 +3%$51,870 +1.9%
        2020$3,165 +3.6%$50,920 +6.2%
        2019$3,055 $47,960 +2.3%
        2018$3,055 +3.9%$46,860 +4.7%
        2017$2,941 +13.1%$44,760 +8.5%
        2016$2,601 $41,260
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 85331

        Getting around

        0 / 100
        Car-Dependent
        10 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Mountain Shadows Elementary School
        • Middle: Desert Mountain School
        • High: Deer Valley High School
        • District: Deer Valley 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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