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$1,400,000

For Sale - Active
21131 E Excelsior Ave, Queen Creek, AZ 85142
5 Beds
5 Baths
3,837 Square Feet
0.81 Acres Lot
Built in 2000
For Sale - Active
Units n/a
Checked: 3 hours ago
Updated: Jun 03, 2025 at 03:25AM

Investment Summary


Monthly Cash Flow
-$3,382
Cap Rate
3.4%
Cash-on-Cash Return
-12.6%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-8.2%

Property Description


0.81 Acres Lot
Built in 2000
For Sale - Active
Units n/a

Tucked away on a quiet cul-de-sac in the heart of the Orchards, this extraordinary modern farmhouse blends architectural beauty with thoughtful functionality and rustic elegance. Set on a sprawling 35,282 square foot irrigated equestrian lot, this custom-designed basement home invites you into a lifestyle where luxury meets tranquility. With over 20 mature citrus and fruit trees, the grounds are alive with natural beauty, and the expansive outdoor pavilion encourages year-round entertaining with its steel cantilever patio cover, lush landscaping, and spa-ready setup, complete with an outdoor shower. Graceful, sweeping lines of steel, glass, and wood create a seamless indoor-outdoor connection. Multiple walls of windows open to the lush backyard, where a large covered patio, spa, custom fencing, raised gardens, and a 20'x30' shade canopy extend the home's livable space. The resort-style pool is a true showstopper, offering a perfect blend of luxury and fun. A stunning grotto waterfall creates a serene, tropical ambiance, while the hidden waterslide behind it adds an element of excitement for all ages. The pool also features a luxurious swim-up bar, allowing guests to enjoy refreshing drinks and snacks without ever leaving the water. Adjacent to the pool is a sunken, covered outdoor kitchen, an entertainer's dream. Outfitted with a high-end grill and ample counter space, this area is designed for outdoor cooking and gatherings. Bar stools line the counter, providing casual seating for guests to relax and mingle while staying connected to the poolside fun. Surrounded by lush landscaping and expansive deck space, this backyard is the epitome of resort-style living, offering year-round enjoyment under the Arizona sun. The gourmet kitchen is a true showpiece remodeled in 2016 with custom concrete countertops, floating wood and steel shelving, Wolf appliances, and a pass-through steel window bar. Entertain guests in the adjacent dining and family rooms where hand-laid adobe brick, a steel I-beam mantel, and custom lighting deliver warm ambiance and bold character. Designed with flexibility and comfort in mind, the 5-bedroom, 5-bath floor plan includes a fully finished basement with a second family/game room, two large bedrooms with walk-in closets, a spa-like bathroom, and a potential second laundry. The primary suite is a retreat of its own, featuring romantic elements like a brick accent wall, crystal chandelier over a clawfoot tub, authentic barn wood, dual shower heads, and large walk-in closet with a built-in safe. Car enthusiasts, hobbyists, or remote workers will fall in love with the 57'x22' air-conditioned RV garage, featuring a 16'x14' WIFI-operated door, a steel floating staircase to a loft game room with additional storage, and a private office with frameless glass windows and its own bath. A separate 3-car garage and covered carport complete the motor court, all secured by a custom steel gate. This home is a rare fusion of form and function, where every upgrade, from the all-steel framing and spray foam insulation to the EcoBee thermostats, central vacuum system, and 20 SEER RV garage A/C, was selected with intention. Located minutes from the Town of Queen Creek's schools, shopping, and entertainment, and offering stunning San Tan Mountain views, this one-of-a-kind home brings modern luxury to a rural oasis. Adventure, serenity, and craftsmanship converge here, your dream lifestyle starts now!

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Location


Property Details


Parking

  • Description: Attch'd Gar Cabinets, Dir Entry frm Garage, Electric Door Opener, Extnded Lngth Garage, Over Height Garage, RV Gate, Separate Strge Area, RV Access/Parking, RV Garage
  • Details: RV Access/Parking, Garage Door Opener, Direct Access, Detached, RV Garage
  • Garage Spaces: 8
  • Spaces Total: 12

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Total): 5.0

Interior Features

  • # of Stories: 1
  • Basement: Yes
  • Basement Description: Finished
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Wood
  • Roof Material: Metal
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Orchard Ranchettes
  • HOA Fee: $697/annually

Land Information

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

Lot Information

  • Parcel ID: 30491208
  • Lot Size: 35282 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 2000

Tax Information

  • Annual Tax: $4,339

Utilities

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

Location

  • County: Maricopa

Listing Details


Listed by:
Josiah Miller
West USA Realty
(480) 290-3239

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6864808
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$3,382
Cap Rate
3.4%
Cash-on-Cash Return
-12.6%
Debt Coverage Ratio
0.54
Internal Rate of Return (5 years)
-8.2%

Purchase Details

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Purchase price:
$1,400,000
Amount financed:
-$1,120,000
Down payment:
$280,000
Closing costs:
$42,000
Rehab costs:
$0
Initial cash invested:
$322,000
Square feet:
3,837
Cost per square foot:
$365
Monthly rent per square foot:
$1.64

Financing Details

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Loan amount:
$1,120,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.810%
Principal & interest:
$7,309
Property tax:
$362
Insurance:
$441
Private mortgage insurance (PMI):
$0
Monthly payment:
$8,112

Operating Income

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% Rent Monthly Yearly
Gross rent:
$6,300 $75,600
Vacancy loss: (6%)
6% -$378 -$4,536
Operating income:
$5,922 $71,064

Operating Expenses


% Rent Monthly Yearly
Property taxes: (6%)
6%-$362-$4,339
Insurance: (7%)
7%-$441-$5,292
Property management: (8%)
8%-$504-$6,048
Repairs & maintenance: (5%)
5%-$315-$3,780
Capital expenditures: (5%)
5%-$315-$3,780
HOA fees: (1%)
1%-$58-$696
Total operating expenses: (32%)
32%-$1,995-$23,935

Cash Flow


Monthly Yearly
Net operating income:
$3,927 $47,124
Mortgage payments:
-$7,309 -$87,708
Cash flow:
$3,382 $40,584