5431 E Olesen Road, Cave Creek, AZ 85331
Property image
Property image
SOLD
NOV 3, 2025

5431 E Olesen Road
Cave Creek, AZ 85331

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

$1,100,000

Last Sold: Nov 3, 2025
12% below list $1.25M
$391/sqft
Est. Refi. Payment $6,094/mo*
Refinance Your Home

$1,100,000

Last Sold: Nov 3, 2025
12% below list $1.25M
$391/sqft
Est. Refi. Payment $6,094/mo*
Refinance Your Home
4 Beds
3 Baths
2,810 sqft
(on 1.14 acres)

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

Property Type
Single-Family Home
Year Built
1993
Lot Size
1.14 acres
Living Area
2,810 sqft
Price/Sqft
$391/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). It is currently off market. The Trulia Estimate is $1,097,700, with a rent estimate of $5,244/month.

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: $1,250,000Price Per Sqft: $391/sqft
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
Last check for updates: about 4 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.

Price History for 5431 E Olesen Road

DatePriceEventSource
11/03/2025$1,100,000Sold
ARMLS #6914430
10/01/2025$1,250,000PendingARMLS #6914430
09/04/2025$1,250,000PriceChange
ARMLS #6914430
03/05/2025$1,290,000Listed For SaleN/A
02/20/2025$1,328,000ListingRemovedARMLS #6721033
01/08/2025$1,328,000PriceChange
ARMLS #6721033
10/03/2024$1,348,000PriceChange
ARMLS #6721033
06/19/2024$1,360,000Listed For SaleARMLS #6721033
10/15/2008$382,500Sold
ARMLS #3004281
10/18/2006$575,000Sold
N/A
04/01/1994$28,000Sold
N/A

Market trends in Cave Creek

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$1.16M
$128KMoM
Sale-to-List Price
—
Price per sq ft
—
Available listings
131
18MoM
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Property Tax and Assessment

Year2025
Tax$1,769
Assessment$752,700
Home facts updated by county records

Comparable Sales for 5431 E Olesen Road

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
33610 N RIFLEMAN Road #1, Cave Creek, AZ
0.64
Single-Family Home
$1,250,000
09/18/25
4
3.5
3,050
5976 E AGAVE Place, Carefree, AZ
0.76
Single-Family Home
$1,375,000
03/11/26
4
3
2,963

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Assigned Schools

These are the assigned schools for 5431 E Olesen Road.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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
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  • 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
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  • 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
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  • 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
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  • 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
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  • 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."
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  • 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
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  • Janet M. M.
    "Great Area! Close to shopping, yet rural feel."
    0
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Off Market Homes Near 5431 E Olesen Road

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