This charming 2-bedroom, 2-bathroom home is nestled in the highly sought-after Scottsdale/Paradise Valley area at Milano Terrace Luxury Living. It offers both comfort and convenience, with a prime location next to a scenic walking path along the wash. Situated on the first floor, this corner unit features modern wood-look flooring, ceiling fans, and tiled bathrooms. The spacious living room includes a cozy wood-burning fireplace, while the south-facing back patio is perfect for enjoying the warm winter sun. Residents can take advantage of year-round access to the heated pool and spa, all with low HOA fees. Conveniently located near shopping and dining, this home is ideal for year-round living or as a seasonal retreat.
Sold for $390,000
$390,000
5122 E SHEA Boulevard #1005, Scottsdale, AZ 85254
2beds
2baths
1,086sqft
Condominium
Built in 1985
-- sqft lot
$383,500 Zestimate®
$359/sqft
$2,193 Estimated rent
Home value
$383,500
$349,000 - $422,000
$2,193/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Scott Anthony McElmeel 602-689-9389,
Better Homes & Gardens Real Estate SJ Fowler
Bought with:
Reena Anoid, SA670066000
American Realty Brokers
Source: ARMLS,MLS#: 6805216
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Electric Cooktop
Features
- High Speed Internet, No Interior Steps, Pantry, 3/4 Bath Master Bdrm
- Flooring: Tile
- Windows: Solar Screens
- Has basement: No
- Common walls with other units/homes: 1 Common Wall,Neighbor Above,End Unit
Interior area
- Total structure area: 1,086
- Total interior livable area: 1,086 sqft
Property
Parking
- Total spaces: 1
- Parking features: Garage Door Opener
- Garage spaces: 1
Features
- Stories: 2
- Patio & porch: Covered
- Exterior features: Storage
- Pool features: None
- Spa features: None
- Fencing: Block
Lot
- Size: 1,130 Square Feet
- Features: Corner Lot, Desert Back, Desert Front
Details
- Parcel number: 16775009
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Stucco, Wood Frame, Painted
- Roof: Tile,Built-Up
Condition
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water
Community & HOA
Community
- Features: Gated, Community Spa, Community Spa Htd, Community Pool, Near Bus Stop, Biking/Walking Path
- Subdivision: MILANO TERRACE PRIVATE RESIDENCES CONDOMINIUM
HOA
- Has HOA: Yes
- Services included: Roof Repair, Insurance, Maintenance Grounds, Street Maint, Front Yard Maint, Trash
- HOA fee: $325 monthly
- HOA name: Milano Terrace HOA
- HOA phone: 602-957-9191
Location
- Region: Scottsdale
Financial & listing details
- Price per square foot: $359/sqft
- Tax assessed value: $305,000
- Annual tax amount: $1,100
- Date on market: 10/7/2025
- Cumulative days on market: 50 days
- Listing terms: Cash,Conventional,FHA
- Ownership: Condominium
Price history
| Date | Event | Price |
|---|---|---|
| 5/19/2025 | Listing removed | $1,700$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 5/7/2025 | Price change | $1,700-5.6%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/24/2025 | Price change | $1,800-2.7%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 4/18/2025 | Price change | $1,850-2.6%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/14/2025 | Price change | $1,900+90%$2/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/6/2025 | Sold | $390,000-1.3%$359/sqft |
Source:  ARMLS #6805216 Report a problem | ||
| 1/15/2025 | Listed for sale | $395,000+72.9%$364/sqft |
Source: ARMLS #6805216 Report a problem | ||
| 5/25/2018 | Sold | $228,500+98.7%$210/sqft |
Source: ARMLS #5734202 Report a problem | ||
| 11/7/2013 | Listed for rent | $1,000$1/sqft |
Source: HomeSmart #5026653 Report a problem | ||
| 11/30/2012 | Listing removed | $1,000$1/sqft |
Source: HomeSmart #4827662 Report a problem | ||
| 10/2/2012 | Listed for rent | $1,000$1/sqft |
Source: HomeSmart #4827662 Report a problem | ||
| 8/17/2011 | Listing removed | $1,000$1/sqft |
Source: HomeSmart #4625806 Report a problem | ||
| 8/4/2011 | Listed for rent | $1,000$1/sqft |
Source: HomeSmart #4625806 Report a problem | ||
| 7/25/2011 | Sold | $115,000-2.5%$106/sqft |
Source: Public Record Report a problem | ||
| 6/27/2011 | Price change | $117,900+3.4%$109/sqft |
Source: R.O.I. Properties #4606550 Report a problem | ||
| 6/7/2011 | Price change | $114,000+15.2%$105/sqft |
Source: Homehelper Consultants #4482155 Report a problem | ||
| 1/27/2011 | Price change | $99,000-10.8%$91/sqft |
Source: Keller Williams Arizona Realty #4482155 Report a problem | ||
| 1/1/2011 | Price change | $111,000-2.6%$102/sqft |
Source: Keller Williams Arizona Realty #4482155 Report a problem | ||
| 12/17/2010 | Price change | $114,000-18.6%$105/sqft |
Source: Keller Williams Arizona Realty #4482155 Report a problem | ||
| 10/27/2010 | Listed for sale | $140,000-42%$129/sqft |
Source: Keller Williams Arizona Realty #4482155 Report a problem | ||
| 8/31/2006 | Sold | $241,405$222/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $1,323 +21.1% | $30,500 -7% |
| 2024 | $1,092 +3.1% | $32,780 +123.4% |
| 2023 | $1,060 +3.1% | $14,676 -31% |
| 2022 | $1,028 -3.3% | $21,280 +6.6% |
| 2021 | $1,063 +3.5% | $19,960 +5.3% |
| 2020 | $1,027 +3.3% | $18,950 +12% |
| 2019 | $995 | $16,920 +8.6% |
| 2018 | $995 -8.4% | $15,580 +7.1% |
| 2017 | $1,085 +12% | $14,550 +10.1% |
| 2016 | $969 +0.7% | $13,210 +4.2% |
| 2015 | $962 | $12,680 +18.2% |
| 2014 | -- | $10,730 +24.8% |
| 2013 | -- | $8,600 -6.5% |
| 2012 | -- | $9,200 -32.1% |
| 2011 | -- | $13,550 -18.1% |
| 2010 | -- | $16,550 -19.7% |
| 2009 | -- | $20,600 -0.2% |
| 2008 | -- | $20,650 +43.4% |
| 2007 | -- | $14,400 +112.9% |
| 2006 | -- | $6,763 |
| 2005 | -- | $6,763 -10.4% |
| 2004 | -- | $7,544 -7.4% |
| 2003 | -- | $8,150 +45.5% |
| 2002 | -- | $5,600 |
Find assessor info on the county website
Neighborhood: 85254
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Nearby schools
GreatSchools rating
- 10/10Sequoya Elementary SchoolGrades: PK-5Distance: 1.7 mi
- 9/10Cocopah Middle SchoolGrades: 6-8Distance: 1.9 mi
- 9/10Chaparral High SchoolGrades: 9-12Distance: 2.3 mi
Schools provided by the listing agent
- Elementary: Sequoya Elementary School
- Middle: Cocopah Middle School
- High: Chaparral High School
- District: Scottsdale 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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Estimated market value
$383,500
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Estimated market value
$383,500
- Arizona
- Maricopa County
- Scottsdale
- 85254
- 5122 E SHEA Boulevard Unit 1005
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