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$12,795,000

For Sale - Active
42383 N 111th Pl, Scottsdale, AZ 85262
5 Beds
7 Baths
9,500 Square Feet
1.33 Acres Lot
Built in 2014
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: Aug 30, 2025 at 10:04AM

Investment Summary


Monthly Cash Flow
-$54,337
Cap Rate
0.6%
Cash-on-Cash Return
-22.2%
Debt Coverage Ratio
0.10
Internal Rate of Return (5 years)
-17.4%

Property Description


1.33 Acres Lot
Built in 2014
For Sale - Active
Units n/a

Desert Mountain GOLF MEMBERSHIP available from Seller with Club approval. Welcome to Bella Vita, a breathtaking estate nestled within the prestigious Desert Mountain community of North Scottsdale. Inspired by the timeless elegance of an ancient Italian manor house, this remarkable property offers an unparalleled blend of rustic Italian charm and modern-day luxury. Designed by renowned architect Ron Brissette, every corner of this residence tells a story of thoughtful craftsmanship, offering both comfort and sophistication for those seeking the best in desert living. Bella Vita is a sprawling estate that spans over 9,500 square feet, offering five generously sized ensuite bedrooms, each thoughtfully designed for privacy and comfort. As you enter through the grand front doors, you are greeted by the rich textures and finishes that evoke a sense of history, balanced perfectly with contemporary amenities. High ceilings, dramatic beams, and warm stone floors transport you to an era where elegance was the standard, yet every detail has been modernized to meet the demands of today's lifestyle. The formal living and dining rooms are nothing short of spectacular, offering the perfect space for entertaining or simply enjoying the beauty of the desert surroundings. Picture-perfect windows and French doors allow natural light to flood the interior, while offering views that frame the rugged mountains and desert beyond. Whether hosting intimate dinner parties or large-scale gatherings, these spaces offer both grandeur and intimacy, providing the perfect setting for making memories. For the culinary enthusiast, the Bella Vita kitchen is a dream come true. This professional-grade kitchen features Meile appliances throughout, including a six-burner gas range, dual ovens, and a Sub-Zero refrigerator. The expansive granite countertops, custom cabinetry, and oversized island are designed for both functionality and style. Whether you're preparing a casual meal for family or a gourmet feast for guests, this kitchen will exceed every expectation. Adjacent to the kitchen is a stunning, fully equipped outdoor living space. Here, the spirit of Italian hospitality truly comes to life with a professional gourmet BBQ, a classic wood fire pizza oven, and an expansive dining area that invites you to enjoy the beauty of Arizona's stunning sunsets. The outdoor living area is a true extension of the home, perfect for alfresco dining, casual entertaining, or simply unwinding as you take in the view. Beyond the luxurious interiors, Bella Vita offers a wealth of amenities designed to elevate your lifestyle. A true highlight is the negative-edge pool, which appears to spill into the desert landscape below, offering sweeping views of the surrounding mountains and the lush desert flora. The pool area is complemented by a thoughtfully designed splash pad for the younger members of the family, ensuring everyone can enjoy the outdoors in comfort and style. For those seeking more active pursuits, the bocce ball court provides an idyllic setting for friendly competition, while the Lookout Balcony Living Room offers a quiet retreat with panoramic vistas. Whether you're enjoying a morning coffee as the sun rises over the desert or savoring a glass of wine in the evening, this unique space invites you to slow down and take in the beauty of your surroundings. The home also features a grand library, perfect for those who enjoy reading, working, or simply escaping to a quiet sanctuary. Rich wood paneling, custom built-ins, and expansive windows make this room feel both regal and comfortablea place where one can unwind with a good book or conduct business in an inspiring environment. The home's design expertly integrates both luxury and practicality. The four-car garage offers ample space for vehicle storage and ensures that every element of your lifestyle is seamlessly accommodated. Whether you're an avid collector of fine automobiles or need extra storage for recreational gear, this garage meets all your needs with style. As with any home of this caliber, Bella Vita offers multiple fireplaces throughout the home, providing warmth and ambiance in every room, from the cozy library to the spacious formal living areas. These fireplaces, combined with the rich textures and materials used throughout the home, create an atmosphere that is both welcoming and timeless. Bella Vita is more than just a residence; it is a lifestyle. The estate offers a level of privacy and tranquility that is unparalleled, while also being within easy reach of the world-class amenities that Desert Mountain has to offer. Whether you're spending your days on the golf course, hiking the miles of trails, or enjoying the resort-style amenities, this home allows you to experience the best of Scottsdale living. Designed with meticulous attention to detail by Architect Ron Brissette, Bella Vita is an exquisite home that captures the heart of both old-world elegance and modern luxury. From the moment you step through the front doors, you are enveloped in a sense of placeone that is both grounded in history and yet completely of the present. Every inch of this home has been crafted to provide a sanctuary of peace, beauty, and comfort, while offering an exceptional setting for entertaining and enjoying life's most cherished moments. Come discover the extraordinary balance between rustic Italian character and contemporary comfort at Bella Vita. This home is not just a place to liveit's a place to experience the good life, to create memories, and to live the lifestyle you've always dreamed of.

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Location


Property Details


Parking

  • Description: Open, Covered, Garage
  • Garage Spaces: 4
  • Spaces Total: 4

Bedroom Information

  • # of Bedrooms: 5

Bathroom Information

  • # of Baths (Total): 7.0

Interior Features

  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Stucco
  • Roof Material: Tile, Metal
  • Pool: Yes
  • Pool Community: Yes

HOA

  • Has HOA: Yes
  • Association: Desert Mountain HOA
  • HOA Fee: $2,079/semi-annually

Land Information

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

Lot Information

  • Parcel ID: 21913024
  • Lot Size: 58143 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Other
  • Year Built: 2014

Tax Information

  • Annual Tax: $14,017

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas
  • Cooling: Central Air

Location

  • County: Maricopa

Listing Details


Listed by:
Vikki Gorman
Fathom Realty Elite
(602) 689-2810

Source:
Arizona Regional Multiple Listing Service (ARMLS)
MLS#: 6783191
Arizona Regional Multiple Listing Service (ARMLS)

Investment Summary


Monthly Cash Flow
-$54,337
Cap Rate
0.6%
Cash-on-Cash Return
-22.2%
Debt Coverage Ratio
0.10
Internal Rate of Return (5 years)
-17.4%

Purchase Details

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Purchase price:
$12,795,000
Amount financed:
-$10,236,000
Down payment:
$2,559,000
Closing costs:
$383,850
Rehab costs:
$0
Initial cash invested:
$2,942,850
Square feet:
9,500
Cost per square foot:
$1,347
Monthly rent per square foot:
$1.18

Financing Details

Find a Lender

Loan amount:
$10,236,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$60,550
Property tax:
$1,168
Insurance:
$784
Private mortgage insurance (PMI):
$0
Monthly payment:
$62,502

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$11,200 $134,400
Vacancy loss: (6%)
6% -$672 -$8,064
Operating income:
$10,528 $126,336

Operating Expenses


% Rent Monthly Yearly
Property taxes: (10%)
10%-$1,168-$14,017
Insurance: (7%)
7%-$784-$9,408
Property management: (8%)
8%-$896-$10,752
Repairs & maintenance: (5%)
5%-$560-$6,720
Capital expenditures: (5%)
5%-$560-$6,720
HOA fees: (3%)
3%-$347-$4,164
Total operating expenses: (39%)
39%-$4,315-$51,781

Cash Flow


Monthly Yearly
Net operating income:
$6,213 $74,556
Mortgage payments:
-$60,550 -$726,600
Cash flow:
-$54,337 -$652,044