OFF MARKET

Off market nov 2022 for $990K

$1,214,804

Est. refi paymentEst. refi $395/mo

•

3,604

sq ft

5535 E Olesen Rd, Cave Creek, AZ 85331

About this home

This stunning single level home custom home built by Phillips Development, sits on over an acre with gorgeous mountain & desert views and in prime location, no HOA. Expansive open floor plan has tons of natural light with chef inspired kitchen opening to a large living room w/ 13 foot vaulted ceilings & 2-way fireplace. Spacious owner's suite has sitting area & oversized closet; each accessory bedroom is roomy w/ 9 foot ceilings & each has its own ensuite bathroom. Yard is a desert oasis with heated pool, Spanish gates, outdoor adobe fireplace & extended patios with gorgeous beams, perfect to entertain. 6 total garage spaces, incl. 25 x 21 RV/boat garage & workshop. Custom alder wood interior doors & cabinets, beautiful interior beams, commercial grade water heater, 400 amp panel and more!

Single-familyProperty Type

1998Year Built

1.08 acresLot Size

$337Est. Price/Sq.Ft.

6 car garageParking

Listed by Sasha Ellis • E & G Real Estate Services

Bought with Non-MLS Agent Agent • Non-MLS Office

Redfin checked: 4 minutes ago

•Source:ARMLS #6463842

Redfin Estimate

$1,214,804

$225K since sold in November 2022$5,000 since September

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 1.4% lower than the average sale price ($1.23M) of 6 comparable homes.

SOLD JUN 4, 2026
$1,170,000
A
4 beds3.5 baths3,451 sq ft
5842 E Night Glow Cir, Scottsdale, AZ 85266
SOLD SEP 28, 2026
$925,000
B
4 beds2 baths2,830 sq ft
34611 N Sunset Trl, Carefree, AZ 85377
SOLD SEP 10, 2026
$1,025,000
C
4 beds3 baths3,095 sq ft
5892 E Evening Glow Dr, Scottsdale, AZ 85266
SOLD MAR 11, 2026
$1,375,000
D
4 beds3 baths2,963 sq ft
5976 E Agave Pl, Carefree, AZ 85377
SOLD AUG 13, 2026
$1,400,000
E
4 beds3 baths3,431 sq ft
5830 E Restin Rd, Cave Creek, AZ 85377
SOLD MAY 8, 2026
$1,500,000
F
4 beds3.5 baths3,570 sq ft
35407 N Palo Verde Way, Cave Creek, AZ 85331

Claim this home to receive a free report every month with insights on the changing estimate.

Earn from this home

Sell

$408,990

Est. take-home

List your home with Redfin and save $12,148

Refinance

Est. cash available

Get cash now or lower your monthly rate

Rent

$5,724/mo

Redfin rental estimate

List your home for rent

Market trends in 85331, AZ

Last updated September 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-List Price

97.5%

0.1% MoM

Median sale price

$890K

$21K MoM

Avg. days on market

68d

1 days MoM

Recently sold homes

151

18 MoM

New listings for sale

NEW 6 HRS AGO
$1,150,000
4 beds3.5 baths2,501 sq ft
4052 E Via Caballo Blanco --, Cave Creek, AZ 85331
3D WALKTHROUGH
$925,000
4 beds2.5 baths3,141 sq ft
33838 N 43rd St, Cave Creek, AZ 85331
$630,000
3 beds2.5 baths1,674 sq ft
30403 N 42nd Pl, Cave Creek, AZ 85331
$720,000
4 beds2.5 baths2,412 sq ft
4208 E Desert Sky Ct, Cave Creek, AZ 85331
$1,084,233
4 beds3.5 baths2,832 sq ft
31709 N 42nd Pl, Cave Creek, AZ 85331
OPEN THU, 4PM TO 6PM
$1,600,000
5 beds4.5 baths4,108 sq ft
36424 N 27th St, Cave Creek, AZ 85331
OPEN WED, 3PM TO 5PM
$899,000
4 beds3 baths3,497 sq ft
32644 N 40th Pl, Cave Creek, AZ 85331
$859,000
2 beds2.5 baths2,119 sq ft
38500 N School House Rd #8, Cave Creek, AZ 85331
$6,300,000
5 beds5 baths8,518 sq ft
42531 N Spur Cross Rd, Cave Creek, AZ 85331
FOR SALE BY OWNER
$755,000
4 beds3 baths2,334 sq ft
4823 E Lonesome Trl, Cave Creek, AZ 85331
See all

Provided by Redfin

Sale history for 5535 E Olesen Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,996 (+33.9%)

2023

$1,491 (+2.1%)

2022

$1,461 (−10.9%)

$8,540 + $34,160

$42,700

2021

$1,639 (+1.4%)

$8,540 + $34,160

$42,700

2020

$1,616 (+3.1%)

$8,540 + $34,160

$42,700

2019

$1,567 (−22.0%)

$8,540 + $34,160

$42,700

2018

$2,009 (−7.4%)

$8,540 + $34,160

$42,700

2017

$2,169 (−15.3%)

$8,820 + $35,300

$44,120

2016

$2,561 (+25.5%)

$8,560 + $34,270

$42,830

2015

$2,041 (+8.2%)

$8,200 + $32,820

$41,020

2014

$1,887 (+5.5%)

$7,180 + $28,750

$35,930

2013

$1,789 (+8.7%)

$6,740 + $26,990

$33,730

2012

$1,645 (−0.7%)

$6,740 + $26,990

$33,730

2011

$1,657 (−18.3%)

$7,250 + $29,020

$36,270

2010

$2,028 (−8.0%)

$8,890 + $35,580

$44,470

2009

$2,203

$11,070 + $44,310

$55,380

Tax history for 5535 E Olesen Rd

Year

Property tax

Land + Additions

Assessment*

2025

$1,996 (+33.9%)

2023

$1,491 (+2.1%)

2022

$1,461 (−10.9%)

$8,540 + $34,160

$42,700

2021

$1,639 (+1.4%)

$8,540 + $34,160

$42,700

2020

$1,616 (+3.1%)

$8,540 + $34,160

$42,700

2019

$1,567 (−22.0%)

$8,540 + $34,160

$42,700

2018

$2,009 (−7.4%)

$8,540 + $34,160

$42,700

2017

$2,169 (−15.3%)

$8,820 + $35,300

$44,120

2016

$2,561 (+25.5%)

$8,560 + $34,270

$42,830

2015

$2,041 (+8.2%)

$8,200 + $32,820

$41,020

2014

$1,887 (+5.5%)

$7,180 + $28,750

$35,930

2013

$1,789 (+8.7%)

$6,740 + $26,990

$33,730

2012

$1,645 (−0.7%)

$6,740 + $26,990

$33,730

2011

$1,657 (−18.3%)

$7,250 + $29,020

$36,270

2010

$2,028 (−8.0%)

$8,890 + $35,580

$44,470

2009

$2,203

$11,070 + $44,310

$55,380

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

47,121

Year renovated

—

Sq. Ft.

3,604

Year built

1998

Style

Single Family Residential

County

Maricopa County

APN

21146046F

Parking Spaces

Basement

Accessible

HOA Dues

—

Garage

Features

Pool

Last updated by owner on Jul 28, 2024.

DR-43

Desert Rural Residential Zones

The purpose of the Desert Rural (DR) zone is to prevent urban and desert land use conflicts by protecting scenic vistas, protecting natural habitats and natural features such as hillsides and washes, and to ensure that residential development is harmonious and sensitive to the natural environment.

Permitted uses

Include but are not limited to:

Ranch
Religious facility
Housing-Single unit
Infrastructure
Recreation
Park & open space

Property details

Parking

Parking Information
Covered Spaces: 6
Parking Features: RV Access/Parking, Garage Door Opener, Extended Length Garage, Direct Access, Attch'd Gar Cabinets, Over Height Garage, Separate Strge Area

Garage Information
Garage Spaces: 6

Interior

Virtual Tour Information

Kitchen Information
Built-in Microwave: Yes
Kitchen Island: Yes
Pantry: Yes
Walk-in Pantry: Yes
Wall Oven(s): Yes

Bathroom Information
Bathrooms (Total Decimal): 4
Bathrooms (Total Integer): 4

Bedroom Information
Bedrooms (Possible): 4

Heating & Cooling
Has Heating
Cooling: Central Air, Ceiling Fan(s)
Has Cooling
Heating: Natural Gas

Interior Features
Appliances: Water Purifier
Interior Features: High Speed Internet, Granite Counters, Double Vanity, 9+ Flat Ceilings, No Interior Steps, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
Window Features: Skylight(s), Dual Pane
Fireplace Features: 3+ Fireplace, Exterior Fireplace, Family Room, Master Bedroom, Gas
Has Fireplace
Flooring: Carpet, Tile

Exterior

Pool Information
Private Pool
Pool Features: Heated

Exterior Features
Construction Materials: Stucco, Wood Frame, Painted
Horses Allowed
Exterior Features: Private Street(s), Private Yard
Fencing: Block, Partial
Roof: Tile, Foam

Property Information
Ownership: Fee Simple
Property Sub Type: Single Family Residence

Lot Information
Lot Size Area: 47,121
Lot Size Source: Assessor
Lot Features: Desert Back, Desert Front

Building Information
Building Area Source: Assessor

Financial

Tax Information
Tax Annual Amount: $1,639
Tax Year: 2021

Location

HOA Information
Association Fee Includes: No Fees

School Information
Middle Or Junior School: Sonoran Sky Elementary School - Scottsdale
High School: Cactus Shadows High School
High School District: Cave Creek Unified District
Elementary School: Desert Mountain Elementary
Elementary School District: Cave Creek Unified District

Location Information
Directions: CAREFREE HWY W TO 56TH ST, S ON 56TH ST TO E OLESEN RD, WEST TO HOUSE

Community Information
Security System Owned
Community Features: Near Bus Stop

Utility Information
Sewer: Septic in & Cnctd, Septic Tank

Public facts

Beds: 5
Baths: 4.0
Sq. Ft.: 3,604
Stories: 1.0
Parking Spaces: 4
Basement: No
Accessible: No
Lot Size: 1.08 acres
Style: Single Family Residential
Year Built: 1998
Year Renovated: —
County: Maricopa County
APN: 21146046F
HOA Dues: —
Garage: No
Features: Pool

Home facts updated by owner on Jul 28, 2024

Other

Listing Information
Water Source: City Water

Around this home

Schools

Black Mountain Elementary School

Public PreK-6 • Assigned • 0.6mi

8/10

Cactus Shadows High School

Public 8-12 • Assigned • 0.8mi

10/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

6/10 Fire Factor

10% chance of being in a wildfire in next 30 years

8/10 Heat Factor

7 days above 109° expected this year, 19 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

3/10 Air Factor

2 unhealthy days expected this year, 3 days in 30 years

Provided by First Street

Historical weather

Cave Creek, AZ • 85331

Average low and high temperatures (°F)

102

104

105

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 13.4 hours in June and 7.7 hours in December, placing it above the U.S. average for solar exposure.

13.4 hrs

7.7 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$1.16M – $1.40M

Reach more buyers when you sell with Redfin. Save up to $12,148 in fees. 3 minutes to get started.

Need the cash from your home fast? Sell to .

Nearby similar homes

$720,000

4 beds2.5 baths2,412 sq ft

4208 E Desert Sky Ct, Cave Creek, AZ 85331

$925,000

5 beds4 baths3,489 sq ft

5350 E Calle DE Baca --, Cave Creek, AZ 85331

$1,099,000

4 beds3 baths3,656 sq ft

33209 N 61st St, Scottsdale, AZ 85266

$1,175,000

4 beds3.5 baths2,848 sq ft

7386 E Brisa Dr, Scottsdale, AZ 85266

$2,150,000

3 beds2.5 baths2,750 sq ft

33644 N 64th Pl, Scottsdale, AZ 85266

OPEN SAT, 11AM TO 2PM

$1,285,000

3 beds3 baths3,680 sq ft

4502 E Sierra Sunset Trl, Cave Creek, AZ 85331

New listings for sale in 85331

NEW 6 HRS AGO

$1,150,000

4 beds3.5 baths2,501 sq ft

4052 E Via Caballo Blanco --, Cave Creek, AZ 85331

3D WALKTHROUGH

$925,000

4 beds2.5 baths3,141 sq ft

33838 N 43rd St, Cave Creek, AZ 85331

$630,000

3 beds2.5 baths1,674 sq ft

30403 N 42nd Pl, Cave Creek, AZ 85331

$720,000

4 beds2.5 baths2,412 sq ft

4208 E Desert Sky Ct, Cave Creek, AZ 85331

$1,084,233

4 beds3.5 baths2,832 sq ft

31709 N 42nd Pl, Cave Creek, AZ 85331

OPEN THU, 4PM TO 6PM

$1,600,000

5 beds4.5 baths4,108 sq ft

36424 N 27th St, Cave Creek, AZ 85331

OPEN WED, 3PM TO 5PM3D WALKTHROUGH

$899,000

4 beds3 baths3,497 sq ft

32644 N 40th Pl, Cave Creek, AZ 85331

$859,000

2 beds2.5 baths2,119 sq ft

38500 N School House Rd #8, Cave Creek, AZ 85331

$6,300,000

5 beds5 baths8,518 sq ft

42531 N Spur Cross Rd, Cave Creek, AZ 85331

Home values near 5535 E Olesen Rd

Data from public records.

Address	Redfin Estimate
5507 East Olesen Rd, Cave Creek, AZ - Beds \| 2 Baths \| 2211 Sq. Ft.	$723,770
5607 East Olesen Rd, Scottsdale, AZ 4 Beds \| 3 Baths \| 2446 Sq. Ft.	$1,065,134

Address	Redfin Estimate
5431 East Olesen Rd, Cave Creek, AZ 4 Beds \| 3 Baths \| 2810 Sq. Ft.	$1,258,621
5543 East Olesen Rd, Cave Creek, AZ 4 Beds \| 3.5 Baths \| 3038 Sq. Ft.	$1,498,542

Address	Redfin Estimate
5449 East Olesen Rd, Cave Creek, AZ 2 Beds \| 2.5 Baths \| 2093 Sq. Ft.	$779,547
5547 East Olesen Rd, Cave Creek, AZ 4 Beds \| 3.5 Baths \| 3038 Sq. Ft.	$1,402,999

Property information provided by ARMLS when last listed in 2022. This data may not show owner updates. Learn more.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

85262 homes for sale
85377 homes for sale
85327 homes for sale
85266 homes for sale
85331 homes for sale

Houses for rent in Cave Creek	Agents near me	Mesa, AZ homes for sale	Cave Creek Housing Market
Houses for sale near me	Phoenix, AZ homes for sale	Tucson, AZ homes for sale
Land for sale near me	Scottsdale, AZ homes for sale	Tempe, AZ homes for sale
Open Houses near me	Gilbert, AZ homes for sale	Cave Creek Property Records
Condos for sale near me	Chandler, AZ homes for sale	AZ New Listings

Scottsdale homes for sale
Surprise homes for sale
Phoenix homes for sale

About this home

Redfin Estimate

Earn from this home

Market trends in 85331, AZ

Sale history for 5535 E Olesen Rd

Tax history for 5535 E Olesen Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 85331

Home values near 5535 E Olesen Rd

More real estate resources