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Champagne Tastes On A Beer Budget?

 

6601 Paradise_214backC

This Seller chose a unique path to living well for less. Imagine a high end luxury home- dramatic entry,

towering ceilings, huge kitchen, spa retreat master, a resort pool and more with income producing

wings that can be incorporated into the main living space or separated on a seasonal or long term rental

basis as profit centers to defray the cost of luxury living. Our current home for sale at 6601 E Paradise

Drive does just that.

 

Our seller thought this all out when he constructed his personal residence to be a money maker as well.

This home has three potential income units.

 

First is the Northwest guest wing is accessible through the laundry room it includes 1 bedroom/bath,

furnished, full kitchen, living room, access to the laundry facilities, and a separate entry. Perfect for long

term occupancy it would also be desirable through Air BNB.

 

A second space is a hidden basement unit accessible either through the interior stairway or an exterior

stairway from the romantic lower level patio to the west side parking area. This unit includes a full

kitchen, stack W/D, 1 bedroom/bath, living room, outdoor patio, access to 2 car parking, and has its own

special ambiance.

 

Finally there is a full fledge guesthouse with 3 bedroom/2 bath, full kitchen, stack W/D, great room, 2

car garage, pool, and horse set up.  This space has its own parking off of 66th Street plus, if the owner

wishes, guests may access the fabulous pool and outdoor kitchen. This feature alone ups the potential

for higher rates on weekly rental.

 

All of these spaces can be included to the main home in the case of extended family or they can be

discretely excluded from the owner’s lifestyle while the money rolls in.

 

What are the savings? Unit one generates  $ 1875 per month. The basement unit $ 1275

per month. The guest house $ 1800 monthly. That’s $ 4950 monthly and an ambitious Air BNB operator

might generate two or three times as much with weekly rates, possibly offsetting the mortgage payment

entirely.

 

This Owner didn’t stop there. Doubling down on a quest to create low cost luxury, the entire home

operates for pennies per month thanks to a 10.2 KW fully owned solar electric system.

 

Located at the southwest corner of 66th Street and Paradise Drive in Scottsdale. This unique home is

offered at $ 1,850,000 MLS # 5517707 and may be viewed by appointment through

Those Callaways

(480) 596-5751

 

JAC n JTC pic9035 (2of2)LRJoseph Callaway is a Scottsdale, AZ Real Estate Agent With Over a

Billion Dollars in Sales and Author of the New York Times Best Selling Book

“Clients First.” For More Information go to www.ThoseCallaways.com

 

 

 

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