Perched on 5 private acres with stunning mountain views, this home captures Arizona living at its best. Soaring ceilings & expansive windows fill the open split floorplan with natural light, showcasing panoramic sunrises & sunsets. The owner's retreat has two large glass sliders that lead to the wrap-around patio and the most beautiful views of the natural desert. The master suite is set apart from a private wing which is complete with an office and 3 ensuite bedrooms. A pavered drive leads to plenty of guest parking, a courtyard entry & 3-car garage. Perfect for entertaining yet peaceful for everyday living, the back patio overlooks a fenced yard, elevated deck & infinity lap pool. Just minutes from the charm of Cave Creek, this retreat offers both convenience & tranquility.
For sale
Price cut: $70K (8/23)
$2,425,000
5040 E Rockaway Hills Drive, Cave Creek, AZ 85331
4beds
4,471sqft
Single Family Residence
Built in 2002
5 Acres Lot
$-- Zestimate®
$542/sqft
$-- HOA
What's special
- 284 days |
- 771 |
- 37 |
Zillow last checked:
Listing updated:
Listed by:
Josie Pakula 480-223-3633,
Russ Lyon Sotheby's International Realty,
Katie Scala 480-599-5828,
Russ Lyon Sotheby's International Realty
Source: ARMLS,MLS#: 6925587
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 4
- 1/2 bathrooms: 1
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s), Programmable Thmstat
Appliances
- Included: Dryer, Washer, Water Softener Owned, Reverse Osmosis, Refrigerator, Dishwasher, Disposal, Electric Cooktop, Water Purifier
- Laundry: Inside, Other
Features
- High Speed Internet, Granite Counters, Double Vanity, Eat-in Kitchen, Breakfast Bar, Full Bth Master Bdrm, Separate Shwr & Tub
- Flooring: Carpet, Stone, Tile
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Family Room, Gas
Interior area
- Total structure area: 4,471
- Total interior livable area: 4,471 sqft
Property
Parking
- Total spaces: 9
- Parking features: Garage Door Opener, Extended Length Garage, Direct Access, Attch'd Gar Cabinets
- Garage spaces: 3
- Uncovered spaces: 6
Features
- Stories: 1
- Patio & porch: Covered, Patio
- Exterior features: Private Street(s)
- Has private pool: Yes
- Pool features: Heated, Lap
- Has spa: Yes
- Spa features: Heated, Private, Bath
- Fencing: Block,Wrought Iron
- Has view: Yes
- View description: City Lights, Mountain(s)
- Waterfront features: Wash
Lot
- Size: 5 Acres
- Features: North/South Exposure, Hillside Lot, Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Auto Timer H2O Front, Auto Timer H2O Back
Details
- Additional structures: Gazebo
- Parcel number: 21101051H
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Territorial/Santa Fe
- Property subtype: Single Family Residence
Materials
- Stucco, Wood Frame, Painted
- Roof: Foam
Condition
- Year built: 2002
Utilities & green energy
- Sewer: Septic Tank
- Water: Shared Well
- Utilities for property: Propane
Green energy
- Energy efficient items: Solar Panels, Multi-Zones
Community & HOA
Community
- Security: Fire Sprinkler System, Security System Owned
- Subdivision: Cave Creek
HOA
- Has HOA: No
- Services included: No Fees
Location
- Region: Cave Creek
Financial & listing details
- Price per square foot: $542/sqft
- Tax assessed value: $1,459,000
- Annual tax amount: $4,813
- Date on market: 10/9/2025
- Cumulative days on market: 284 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/23/2026 | Price change | $2,425,000-2.8%$542/sqft |
Source:  ARMLS #6925587 Report a problem | ||
| 5/18/2026 | Price change | $2,495,000-1.8%$558/sqft |
Source: ARMLS #6925587 Report a problem | ||
| 3/26/2026 | Price change | $2,540,000-1.9%$568/sqft |
Source: ARMLS #6925587 Report a problem | ||
| 3/8/2026 | Price change | $2,590,000-2.3%$579/sqft |
Source: ARMLS #6925587 Report a problem | ||
| 12/31/2025 | Listed for sale | $2,650,000$593/sqft |
Source: ARMLS #6925587 Report a problem | ||
| 11/26/2025 | Listing removed | $2,650,000$593/sqft |
Source: ARMLS #6925587 Report a problem | ||
| 11/6/2025 | Price change | $2,650,000-2.8%$593/sqft |
Source: ARMLS #6925587 Report a problem | ||
| 10/9/2025 | Listed for sale | $2,725,000+9%$609/sqft |
Source: ARMLS #6925587 Report a problem | ||
| 6/12/2023 | Sold | $2,500,000$559/sqft |
Source: ARMLS #6487932 Report a problem | ||
| 11/10/2022 | Listed for sale | $2,500,000+63.2%$559/sqft |
Source: ARMLS #6487932 Report a problem | ||
| 7/11/2008 | Sold | $1,532,000-10.9%$343/sqft |
Source: ARMLS #2695540 Report a problem | ||
| 4/23/2008 | Listed for sale | $1,720,000$385/sqft |
Source: Z57 #2695540 Report a problem | ||
| 3/19/2008 | Listing removed | $1,720,000$385/sqft |
Source: TourFactory #2695540 Report a problem | ||
| 2/3/2008 | Price change | $1,720,000-1.7%$385/sqft |
Source: TourFactory #2695540 Report a problem | ||
| 2/2/2008 | Listed for sale | $1,750,000+6.4%$391/sqft |
Source: TourFactory #2695540 Report a problem | ||
| 4/27/2006 | Sold | $1,645,000+53%$368/sqft |
Source: Public Record Report a problem | ||
| 7/30/2002 | Sold | $1,075,000$240/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,339 -3.2% | $145,900 +0.5% |
| 2024 | $4,483 +2.3% | $145,120 +30% |
| 2023 | $4,383 -3.7% | $111,594 +5% |
| 2022 | $4,549 -17.2% | $106,280 -1.8% |
| 2021 | $5,496 +3.4% | $108,250 +2.7% |
| 2020 | $5,317 +4.3% | $105,360 +0.4% |
| 2019 | $5,099 | $104,960 +6.3% |
| 2018 | $5,099 +4.5% | $98,770 +1.9% |
| 2017 | $4,880 +6.9% | $96,920 -8% |
| 2016 | $4,567 +7.3% | $105,360 +15.4% |
| 2015 | $4,257 | $91,310 +15.5% |
| 2014 | -- | $79,030 -2.5% |
| 2013 | -- | $81,020 +2% |
| 2012 | -- | $79,410 -12.8% |
| 2011 | -- | $91,030 -21.5% |
| 2010 | -- | $115,900 +3.2% |
| 2009 | -- | $112,260 -23.6% |
| 2008 | -- | $147,000 +12.1% |
| 2007 | -- | $131,150 +24.4% |
| 2006 | -- | $105,450 |
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.Climate risks
Neighborhood: 85331
Nearby schools
GreatSchools rating
- 8/10Black Mountain Elementary SchoolGrades: PK-6Distance: 5 mi
- 10/10Cactus Shadows High SchoolGrades: 8-12Distance: 5.3 mi
- 4/10Sonoran Trails Middle SchoolGrades: 6-8Distance: 8.8 mi
Schools provided by the listing agent
- Elementary: Black Mountain Elementary School
- Middle: Sonoran Trails Middle School
- High: Cactus Shadows High School
- District: Cave Creek 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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A local agent can set up tours, give advice and negotiate with sellers.
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