5431 E Olesen Road, Cave Creek, AZ 85331
Property image
Property image
OFF MARKET

$1,082,700

Trulia Estimate
  • 4 Beds
  • 3 Baths
  • 2,810 sqft (on 1.14 acres)

5431 E Olesen Road, Cave Creek, AZ 85331

Est. Refi. Payment $6,231/mo*
Refinance Your Home
Currently Off Market - Sold Nov 3, 2025 for $1,100,000

Home Value

Trulia Estimate
$1.08M
Since last month
Decreased$23K (-2.1%)
Since last year
Decreased$109K (-9.1%)
Since last sale
Decreased$14K (-1.2%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +133% in the last 10 years
MonthEstimated value
2026
September 2026$1.09M
August 2026$1.11M
July 2026$1.1M
June 2026$1.1M
May 2026$1.09M
April 2026$1.09M
March 2026$1.09M
February 2026$1.1M
January 2026$1.1M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
5428 E Yolantha Street, Cave Creek, AZ
0.06
Single-Family Home
$975,000
11/19/25
3
3
2,441
5537 E YOLANTHA Street, Cave Creek, AZ
0.18
Single-Family Home
$750,000
04/23/26
5
3
2,550
33400 N 56TH Street, Cave Creek, AZ
0.46
Single-Family Home
$1,160,000
04/29/26
3
2.5
2,616
5440 E SEVEN PALMS Drive, Cave Creek, AZ
0.18
Single-Family Home
$565,000
01/20/26
3
2
1,900
5435 E TAPEKIM Road, Cave Creek, AZ
0.38
Single-Family Home
$1,270,000
06/15/26
5
4.5
4,400
5536 E SEVEN PALMS Drive, Cave Creek, AZ
0.22
Single-Family Home
$645,000
11/26/25
3
2
1,504
5976 E AGAVE Place, Carefree, AZ
0.76
Single-Family Home
$1,375,000
03/11/26
4
3
2,963

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
5428 E Yolantha Street, Cave Creek, AZ 85331
0.06
$960,300
3
3
2,441
Off Market
5438 E YOLANTHA Street, Cave Creek, AZ 85331
0.06
$1,828,500
8
8
6,718
Off Market
5418 E YOLANTHA Street, Cave Creek, AZ 85331
0.08
$1,000,000
5
3.5
2,816
For Sale
5543 E Olesen Road, Cave Creek, AZ 85331
0.12
$1,683,700
4
3.5
3,038
Off Market
5547 E Olesen Road, Cave Creek, AZ 85331
0.14
$1,573,300
4
3.5
3,038
Off Market
5440 E SEVEN PALMS Drive, Cave Creek, AZ 85331
0.18
$565,000
3
2
1,900
Recently Sold
5480 E SEVEN PALMS Drive, Cave Creek, AZ 85331
0.18
$1,348,800
3
2.5
3,353
Off Market
5537 E YOLANTHA Street, Cave Creek, AZ 85331
0.18
$750,000
5
3
2,550
Recently Sold
5332 E SEVEN PALMS Drive, Cave Creek, AZ 85331
0.23
$895,200
5
2
2,558
Off Market
5536 E SEVEN PALMS Drive, Cave Creek, AZ 85331
0.22
$645,000
3
2
1,504
Recently Sold
5615 E OLESEN Road, Scottsdale, AZ 85266
0.22
$1,074,600
4
3
2,417
Off Market

Local Information

  • Map ViewExplore the area around 5431 E Olesen Road.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1993
1.14 acre lot
2,810 sqft
$385/sqft

About this House

Tucked away in the heart of Cave Creek on a sprawling 1.2-acre lot, this fully remodeled home offers the perfect blend of privacy, luxury, and Southwest charm. Designed with a resort-style atmosphere, the home features a modern gourmet kitchen with a spacious walk-in pantry, beautifully updated bathrooms, and stylish new flooring throughout. A generous bonus room provides flexibility and could easily serve as a fourth bedroom. Thoughtfully upgraded, the home also boasts newer HVAC systems, fresh interior and exterior paint, and a recently recoated roof. Step outside to a lush backyard oasis, enhanced by mature landscaping and ambient lighting that showcases the property's natural beauty. A large elevated deck with built-in grill and custom shade sails creates an ideal space for outdoor dining and relaxation. Enjoy the sparkling pool, spa, and fire pit  perfect for entertaining or simply taking in the peaceful desert surroundings and local wildlife. Located on a quiet cul-de-sac just moments from top-rated schools, shopping, and dining, this expansive property offers endless possibilities  including space for a casita, workshop, or RV storage.
5431 E Olesen Road, Cave Creek, AZ 85331 is a 4 bedroom, 3 bathroom, 2,810 sqft single-family home built in 1993. It last sold for $1,100,000 on Nov 3, 2025 (12% below the $1,250,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $1,082,700, with a rent estimate of $4,979/month.
Last check for updates: about 13 hours ago
Listed by Thomas Witt, (480) 570-0706
Russ Lyon Sotheby's International Realty
Joanna Wilkins, (480) 363-5792
Russ Lyon Sotheby's International Realty
Bought with: Joalice Ryan, (480) 244-0055, Realty ONE Group
Source: ARMLS, MLS#6914430
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Home Details for 5431 E Olesen Road

Interior Features

Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 3
Dimensions and Layout
Living Area: 2810 Square Feet
Appliances & Utilities
Appliances: Water Softener Owned, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Cooktop, Built-In Electric OvenDishwasherDisposalLaundry: InsideRefrigerator
Heating & Cooling
Heating: Mini Split,ENERGY STAR Qualified Equipment,ElectricHas CoolingAir Conditioning: Central Air,Ceiling Fan(s),ENERGY STAR Qualified Equipment,Mini SplitHas HeatingHeating Fuel: Mini Split
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Family RoomSpa: Above Ground, Heated, PrivateHas a FireplaceHas a Spa
Gas & Electric
Electric: 220 Volts in KitchenHas Electric on Property
Windows, Doors, Floors & Walls
Window: Skylight(s), Double Pane Windows, ENERGY STAR Qualified WindowsFlooring: Carpet, Tile, Wood
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Floors: Carpet, Tile, Wood
View
Has a ViewView: Mountain(s)

Exterior Features

Exterior Home Features
Roof: Composition FoamPatio / Porch: CoveredFencing: Wrought IronExterior: Built-in BarbecueHas a Private Pool
Parking & Garage
No CarportNo GarageParking: Circular Driveway,Electric Vehicle Charging Station(s)
Pool
Pool: Outdoor Pool, FencedPool
Frontage
Responsible for Road Maintenance: City Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Septic Tank
Farm & Range
Not Allowed to Raise Horses

Days on Market

Cumulative Days on Market: 27

Property Information

Year Built
Year Built: 1993
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family Residence
Building
Construction Materials: Stucco, Wood Frame, PaintedNot Attached Property
Property Information
Parcel Number: 21146045

Price & Status

Price
List Price: $1,250,000
Status Change & Dates
Off Market Date: Tue Sep 30 2025Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: Cave CreekCommunity: Metes and bounds
School Information
Elementary School: Black Mountain Elementary SchoolElementary School District: Cave Creek Unified DistrictJr High / Middle School: Sonoran Trails Middle SchoolHigh School: Cactus Shadows High SchoolHigh School District: Cave Creek Unified District

Building

Building Area
Building Area: 2810 Square Feet

HOA

HOA Fee Includes: No FeesNo HOA

Lot Information

Lot Area: 1.1443 Acres

Listing Info

Special Conditions: Owner/Agent

Offer

Listing Terms: Cash, Conventional, VA Loan

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 6914430

Price and Tax history

DateEventPrice
Nov 3, 2025
Source: ARMLS #6914430
Sold
$1,100,000
Oct 1, 2025
Source: ARMLS #6914430
Pending
$1,250,000
Sep 4, 2025
Source: ARMLS #6914430
PriceChange
$1,250,000
Price decreased by 3%
Mar 5, 2025
Source: N/A
Listed For Sale
$1,290,000
Feb 20, 2025
Source: ARMLS #6721033
ListingRemoved
$1,328,000

Market trends in Cave Creek

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
—
Sale-to-List Price
—
Price per sq ft
—
Available listings
109
15MoM

Around this home

What Locals Say about Cave Creek

At least 54 Trulia users voted on each feature.

  • 88 % Say parking is easy

  • 88 % Say car is needed

  • 85 % Say there's wildlife

  • 84 % Say it's dog friendly

  • 80 % Say there's holiday spirit

  • 72 % Say it's quiet

  • 72 % Say yards are well-kept

  • 67 % Say people would walk alone at night

  • 64 % Say they plan to stay for at least 5 years

  • 58 % Say neighbors are friendly

  • 44 % Say there are community events

  • 31 % Say it's walkable to restaurants

  • 30 % Say kids play outside

  • 28 % Say it's walkable to grocery stores

  • 25 % Say there are sidewalks

  • 24 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Michelle.sigler
    "Small town atmosphere. Family friendly. Horse ranches. Donkey rescues. New age and old fashioned. Cowboys and artists. Bikers and cyclists."
    0
    Flag
  • Michelle S
    "Large residential lots, beautiful scenery and no HOA. Love the small town atmosphere with residents riding their horses to restaurants, impromptu tractor parades and art festivals. Very eclectic "
    0
    Flag
  • Lisa T.
    "I drive to grocery, gas, restaurants, work, etc. you need a car for everything and there are not sidewalks or safe streets for bikes."
    0
    Flag
  • Chad
    "sunbirds come around june july and civana are close by for a good happy hour especially in off season. "
    0
    Flag
  • diaphanous999
    "Wild West Days and Cave Creek Wicked and Taste of Cave Creek are three community events we look forward to every autumn. "
    0
    Flag
  • Wolfman
    "It's paradise for dogs as long as they are large enough to deter coyotes. Small dogs need constant supervision and leashes. "
    0
    Flag
  • Wolfman
    "Easy, we have a business we have run from home for 15 years. Commuting down the hall is great. Cave Creek is wonderful. "
    0
    Flag
  • Wolfman
    "It's a quiet dirt road neighborhood that's a great place to live. Coyotes howling, hawks hunting, javelina and other wildlife always nearby. "
    0
    Flag
  • John S.
    "Only 90 homes, very quiet community. The HOA throws a few block parties a year. There is also a group of “Women Who Wine”. "
    1
    Flag
  • Blwdvm
    "This island of county offers quiet country living with horse amenities within minutes of world class shopping, dining and entertainment."
    0
    Flag
  • psdavies11
    "This area is so beautiful. The golf course community is gated and off the beaten path. This is such an active area for the arts, golf, hiking and other outdoor adventures. The schools are well supported and lead the valley in performance. "
    0
    Flag
  • psdavies11
    "As a frequent visitor I had come to love this area and love the people in Rancho Manana. The golf course is amazing and with all of the arts and crafts in the area there is always something to do and see. The homes in the Rancho Manana development are nothing but luxury and blend beautifully into the mountains and golf course."
    0
    Flag
  • A737
    "Main street off Cave Creek pretty ratty (broken asphalt) and other streets super rough rock chip seal. Many overgrown trees and foliage in neighborhood. Spotty home quality as you head east and south. Some nice places nestled in with some not-so-nice (Steel buildings and old junky horse lots...) Whole area gives sense of "over grown" or "needing love.""
    0
    Flag
  • Janet M. M.
    "Great Area! Close to shopping, yet rural feel."
    0
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 5431 E Olesen Road

  • What is 5431 E Olesen Road estimated to be worth?
    Trulia's estimated value for 5431 E Olesen Road in Cave Creek, AZ is $1,082,700.
  • What is the price history for 5431 E Olesen Road?
    5431 E Olesen Road in Cave Creek, AZ last sold for $1,100,000 in November 2025.
  • Is Cave Creek a buyer's or seller's market?
    Cave Creek is currently a balanced market, based on recent for-sale activity.
  • What do residents say about Cave Creek?
    Residents describe Cave Creek, AZ as easy to park in, dog-friendly, and quiet. Most residents say you need a car. See recently sold homes in Cave Creek, AZ.
  • Does 5431 E Olesen Road have air conditioning?
    Yes, 5431 E Olesen Road in Cave Creek, AZ has air conditioning.
  • Does 5431 E Olesen Road have a pool?
    Yes, 5431 E Olesen Road in Cave Creek, AZ has a pool.

Explore by feature - Pet Friendly

12 pet-friendly rentals in Cave Creek, AZ

Explore by feature - Garage

26 rentals with a garage in Cave Creek, AZ

Explore by feature - Air Conditioning

41 rentals with air conditioning in Cave Creek, AZ

Explore by feature - Pool

28 rentals with a pool in Cave Creek, AZ

Explore by feature - Washer/dryer

42 rentals with a washer/dryer in Cave Creek, AZ

Explore by feature - Outdoor Space

15 rentals with an outdoor space in Cave Creek, AZ

Apartments for Rent

Skip to last item
Skip to first item

Off Market Homes Near 5431 E Olesen Road

Skip to last item
Skip to first item

Homes for sale near 5431 E Olesen Road

Skip to last item
Skip to first item
Skip to last item
  • Results are loading
Skip to first item