Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$2,995,000

For Sale - Active
10651 E Fernwood Ln, Scottsdale, AZ 85262
3 Beds
4 Baths
2,992 Square Feet
0.37 Acres Lot
Built in 1997
For Sale - Active
Units n/a
Checked: 21 hours ago
Updated: Jun 20, 2025 at 03:25AM

Investment Summary


Monthly Cash Flow
-$8,632
Cap Rate
2.8%
Cash-on-Cash Return
-15.0%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.5%

Property Description


0.37 Acres Lot
Built in 1997
For Sale - Active
Units n/a

Welcome to Desert Fairways 12, in Desert Mountain, Scottsdale's premier private golf and outdoor recreation community! This south-facing, fairway-fronting 2,992 sf home comes with access to Seller's 'Seven' Membership in The Desert Mountain Club*. A full remodel, including exquisite furnishings and accessories, was completed in early summer 2024. Family changes are prompting an unexpected relocation, with the price well under owner's cost and market value. The furniture, accessories and housewares, almost all essentially brand-new and of highest quality, plus a considerable amount of hanging and table-top art, are being offered separately at a handsome reduction from recent original purchase price. The home offers 3 ensuite bedrooms and a powder room within its well-planned open plan. Desert Mountain is a thirty-eight-year-old, 8,200 acre, gated, master-planned community with about 2,000 homes in over forty different "Villages". Nearly built-out, there are only about 200 homesites yet to be built upon. It is in a noticeably quiet, serene, safe (manned entry gates; gates at each Village entry; security patrols) and beautiful location, spread east to west across the foothills of the Continental Mountains in the High Sonoran Desert on the northern edge of Scottsdale (the only thing north of Desert Mountain is the Tonto National Forest, fourth largest in the country), with homes at elevations ranging from 2,600' to 3,500' ASL. The various views these properties can provide are legendary ("city lights", "the McDowell Mountains", "sunsets", plus others, obviously including golf course views). Most owners are members of the Club (owning real estate provides the only path to any of several memberships). Its facilities include nine dining venues, seven golf courses, and various dining and other activities in seven different clubhouses. Virtually all of these members (who have come to the Club from Europe, the UK, Canada, and almost all American states, especially New York, Connecticut, California, Colorado, Oregon, Washington and the Upper Midwest) seem to have made socializing and having fun a key priority. There is a LOT to do and they "get after it"! * Upon application approval and separate payment to the Club of an initiation fee, the offered (and optional) Seven membership will entitle the holder to the use of all non-golf Club facilities, unlimited access to the eighteen-hole, Par-54, course known as "Seven" (rated for handicap purposes), up to six rounds per year on Desert Mountain's other six championship golf courses as a guest of a Member, and is upgradeable to a "Full Golf Membership" on a waitlist basis. (Ask Desert Mountain Club for full details). One of the clubhouses, the "Sonoran Clubhouse" is where most of the non-golf and non-hiking trail activities are concentrated: swimming (three pools); tennis (nine unlighted courts including three hardcourts, five Har-Tru, and one grass); fitness (equipment, classes, personal trainers, yoga, etc.); sixteen unlighted pickleball courts; bocce; complete spa services; two golf croquet courts; and an extensive outdoor playground for little people. Close to twenty-five miles of nicely groomed hiking trails await in the mountains at the back of Desert Mountain, reaching Butte Peak, at 4,823' the highest point in Scottsdale. An amazing "country club for dogs", the "Bark Park", was built recently near the Cochise-Geronimo Clubhouse. The restaurants include Constantino's; Café Verde; Angelo's; Arizona Grill at Outlaw; Cochise-Geronimo; The Hideout at Renegade; Seven; Apache; and the Range House at CG. Considerable recent and ongoing investment in keeping Club facilities state-of-the-art, has been and will be funded out of general funds, not assessments. There is no fee for exiting the membership structure. The Front Gate of the community is typically about a forty-minute drive to Phoenix Sky Harbor airport, and perhaps twenty-five minutes to Scottsdale Airport, where many members come and go by private aircraft. Otherwise, nearly seventy bars and restaurants are within about a fifteen-minute drive of the Front Gate in Scottsdale, Cave Creek and Carefree. Major league and collegiate sports, fabulous medical care (including the Mayo Clinic and hospital), and a wide variety of cultural attractions, are all within an hour. Skiing is about two hours away in Flagstaff. The Grand Canyon, Lake Powell and Las Vegas are all four to five hours away. California beaches are about six hours away. Another positive is low real estate taxes, strikingly lower than many places in the Northeast, Midwest, or West Coast. 2024 taxes on this home were only $3,429.42. Desert Mountain's weather is famously dry and sunny. Our risk of natural disasters is extremely low. Being higher and somewhat removed from the city means the stars are bright at night, the air typically much cleaner, and the daytime high temperatures about ten degrees cooler than the Valley floor, every day of the year. Summers are very enjoyable since it only gets over 100 degrees only about ten or twelve days a year here, compared to ninety days downtown. At night in the summer, the temperatures drop fifteen to twenty degrees, a significant difference from life on the Valley floor. You would be amazed how comfortable 95 degrees is at night or in the shade. So, being in Desert Mountain on a year 'round basis is an attractive proposition. "Paradise" does not overstate what Desert Mountain is for the people who get to live here. Some of the details you might not notice include: a separate storage room off the (air conditioned) garage, rubber tiles on the garage floor, on top of a durable epoxy coating; overhead heaters on the patio, along with a misting system handy for cooling people off on the back patio; a golf course location, but not in a tee shot landing zone and with a cart path on the other side of the fairway, itself somewhat distant form the back patio; no interior steps; a wet bar that includes a hand-hammered copper sink, a small, under-counter refrigerator, and a dual zone wine cabinet; dual vanities in two bathrooms; terrific art lighting; great electronics throughout the home including being able to control the shades via voice command; high-end (Wolf, Viking, Cove) appliances in the kitchen; LG ThinQ washer and dryer in a laundry/utility room with natural light; an extensive security system including installed cameras; upscale tile flooring on the pool deck; an extra-cost, tongue-in-groove wooden ceiling system on the high, gabled roof ceiling of the Great Room; various uses of onyx (and some cool backlighting of it!) for countertops and facings; dual vanities in two of the three bathrooms; a firepit on the back patio; a pool for swimming laps; many mature trees around the back patio that create a verdant, "cool" setting; and a very high level of home maintenance due to having a professional property manager looking after things. Thanks for your time. If this home and Desert Mountain sound like a possible fit for you, we hope to hear from you!

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Attch'd Gar Cabinets, Electric Door Opener, Side Vehicle Entry, Permit Required, Shared Driveway
  • Details: Garage Door Opener, Permit Required, Shared Driveway, Garage Faces Side
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Total): 4.0

Interior Features

  • # of Rooms: 5
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Tile, Foam, Rolled/Hot Mop
  • Pool: Yes
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Desert Fairways
  • HOA Fee: $764/semi-annually
  • Additional Association: Desert Mountain
  • Additional HOA Fee: $1,035/semi-annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 21956718
  • Lot Size: 16173 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Contemporary
  • Year Built: 1997

Tax Information

  • Annual Tax: $3,429

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air, Ceiling Fan(s)

Location

  • County: Maricopa

Listing Details


Listed by:
Jeff Barchi
RE/MAX Fine Properties
(602) 558-5200

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6868863
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$8,632
Cap Rate
2.8%
Cash-on-Cash Return
-15.0%
Debt Coverage Ratio
0.45
Internal Rate of Return (5 years)
-10.5%

Purchase Details

Find an Agent

Purchase price:
$2,995,000
Amount financed:
-$2,396,000
Down payment:
$599,000
Closing costs:
$89,850
Rehab costs:
$0
Initial cash invested:
$688,850
Square feet:
2,992
Cost per square foot:
$1,001
Monthly rent per square foot:
$3.68

Financing Details

Find a Lender

Loan amount:
$2,396,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$15,636
Property tax:
$286
Insurance:
$770
Private mortgage insurance (PMI):
$0
Monthly payment:
$16,692

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$11,000 $132,000
Vacancy loss: (6%)
6% -$660 -$7,920
Operating income:
$10,340 $124,080

Operating Expenses


% Rent Monthly Yearly
Property taxes: (3%)
3%-$286-$3,429
Insurance: (7%)
7%-$770-$9,240
Property management: (8%)
8%-$880-$10,560
Repairs & maintenance: (5%)
5%-$550-$6,600
Capital expenditures: (5%)
5%-$550-$6,600
HOA fees: (3%)
3%-$300-$3,600
Total operating expenses: (30%)
30%-$3,336-$40,029

Cash Flow


Monthly Yearly
Net operating income:
$7,004 $84,048
Mortgage payments:
-$15,636 -$187,632
Cash flow:
$8,632 $103,584