NOT LISTED FOR SALE

7030 E Lone Mountain Rd N Cave Creek, AZ 85331

Estimated Value: $2,548,000 - $3,146,000

4 Beds
5.5 Baths
6,060 Sq Ft
$478/Sq Ft Est. Value

Last Sold August 24, 2023

Last sale price $2,850,000 $470 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $16,540/month

306 Days on Market

Highlights

  • Guest House
  • Equestrian Center
  • Heated Spa
  • Black Mountain Elementary School Rated A-
  • Barn
  • Gated Parking

About This Home

As of August 2023

Calling all car and horse enthusiasts! At the end of this quiet, paved road is a gated estate with spectacular mountain views. Pegasus Ranch sits on 5 flat acres, with a western home, casita, theater, resort backyard and tons of open space. Bring your horses to the 100 x 200 arena, round pen, 8 stalls and tack room/barn office. Trail ride straight from the ranch to Tonto National Forest. Bring your cars, toys and hobbies too because there is ample space for a 6000+ sq. ft. car collector's garage. The main house living area has a 17 ft ceiling with a branding iron chandelier. The kitchen and bar are perfectly situated for entertaining, while the office is located for privacy. The owner's suite has views, an extra-large closet and an exercise room off the spacious bath. Easy to Show. Bedrooms 2 and 3 with ensuite baths, are in a separate wing. Step into the resort backyard to access the 2nd 1/2 bath and exquisite theater room, with a casita overhead. The fenced backyard offers a pool with inset spa, outdoor kitchen, and a ramada with a Jacuzzi, fireplace, and serene water feature. From the front gate to the back barn, including the exquisite living spaces, the details, workmanship and finishes are supreme.

4487 sq. ft. main home
616 sq. ft. casita
616 sq. ft. home theater
816 sq. ft. garage
436 sq. ft. barn office and feed/tack room
3844 sq. ft. open air pipe barn
FEATURES LIST

Kitchen
"Granite counters
"Knotty pine cabinetry
"Walk-in pantry with baker's racks
"Dual dishwashers
"6-burner Viking range with grill and double oven
"Viking hood
"Viking refrigerator
"Divided stainless sink with Reverse Osmosis
"Island with prep sink with seating
"Glass pendant lighting
"Multiple entry points

Breakfast room
"Seats 4 comfortably
"Iron and rawhide Native American chandelier

Living / Dining room
"Soaring 17 ft. wood plank vaulted ceiling
"Manganese "chocolate" Saltillo floor
"Custom branding iron chandelier
"Kitchen pass-through
"Stacked stone gas fireplace with remote control
"Vutec Artscreen motorized television cover
"Access to patio
"Pet door

Bar
"Seating for six
"Beverage refrigerator
"Ice maker
"Sink
"Rawhide and iron pendant lighting
"Granite counters

Office
"Reclaimed barnwood floors
"Built-in cabinetry
"Cowhide valances
"TV with Dish, Apple

Primary Suite
"Stacked stone gas fireplace with remote control
"Vutec Artscreen motorized television cover
"Door to private patio and pool/spa
"Carpet
"Closet
oDouble entry walk-in closet
oIsland with storage
oCovered glass and wood cabinet doors
"Primary bathroom
o17 ft. ceiling
oDivided dual sinks
oVanity
oTravertine floor and counter
oToilet room with laundry chute
oJetted tub
oShower with rain head, handheld, stationary and body sprays
Exercise room
"Off primary bathroom
"TV mount
"Travertine floor
"Storage shelving
"Exit to side yard

Guest bedroom 1
"En-suite bath
"Split from primary
"Walk-in closet
"Carpet
"Door to pool & spa

Guest bedroom 2
"En-suite full bath
"Split from primary
"Walk-in closet
"Carpet

Powder room in main house
"Chiseled granite bowl sink
"Slate counter

Storage room
"13 ft. by 14 ft.
"Built-in cabinetry
"Garage and interior access


Laundry Room
"2021 Samsung Multi-steam Smart-care washer and dryer
"Storage cabinetry
"Laundry chute from primary bedroom
"Sink
"Ironing board

Theater
"Tiered seating
"JVC-D-ILA theater system
"Black Diamond 10 ft. by 4.5 ft. projector screen
"Multi-aspect lighting
"Can easily be converted to 2-car garage

Garage
"3-car garage
"88 in. high garage doors
"104 in. wide garage doors
"9' high garage ceiling
"Epoxy floors
"Electric opener
"Natural light
"Theater convertible to added 2 car garage

Casita
"21 ft. by 26 ft. (?? Measurement not consistent with previous MLS)
"10 ft. by 7 ft. view deck
"Tiled bath


Outdoor Living
"Patio
oCovered and uncovered with dining and bar area
oDenon Heos wireless audio
"Ramada
oWoodburning fireplace
oAbove ground Jacuzzi tub
oFan/light with remote control
"Kitchen
oBuilt-in Viking barbeque
oSink
oShaded
"Powder room
oTheater and pool access
"Pool
oIntegrated Spa
oStacked natural stone and copper scuppers
oiAqualink pool remote app control
oHeated
oIn floor pop-up cleaners
"Pond with waterfall
"Landscape lighting
"Grass and stone
"Firewise prevention landscaping

Horse facility
"3844 s.f. open air pipe barn with industrial fan
"47 ft. by 23 ft. covered concrete pad within
"15 ft. by 30 ft. barn office and feed/tack with half bath within
"30 AMP and 50 AMP RV outlets
"Riding arena with water wheel
"Five stalls in pipe barn with turnouts
"Three stall mare motel
"Round pen
"Wash rack
"Architecturally cohesive with main home
"Direct access to Cave Creek trail system for horseback riding, hiking, biking

Office with Feed/Tack room at Barn
"Half bath
"Hot water
"Dedicated HVAC

Miscellaneous
"Four new air conditioners
"Sweeping mountain & desert views
"Paved road
"Custom automated security gate with app based control
"Courtyard entry with fountain
"Interior and exterior security camera system
"Smart home system
"Clerestory windows
"Metal roof
"Solar tubes for natural light
"Wine storage cabinetry
"RO Systems
"Kinetico Premier soft water system
"Whole house Denon Heos wireless audio
"Recirculation pump

UTILITIES & COSTS
Electric: $335/avg. mo.
Shared Well Water: Electric average $91/avg. mo. includes barn
Propane: 500 gal.
Pest Control: Atomic Pest Control, termite warranty, and Sonoran Pest Control
Garbage: Area
TV: Dish/Apple TV
Internet: Mojo Broadband
Security: AAA Smart Home app based system

Last Agent to Sell the Property

Judith Zimet

Berkshire Hathaway HomeServices Arizona Properties License #BR654664000 Listed on: 09/02/2022

Last Buyer's Agent

Erika Uram

Keller Williams Realty East Valley License #SA664852000

Keller Williams Realty East Valley

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,983

Year Built

  • Built in 2005

Lot Details

  • 5 Acre Lot
  • Desert faces the front and back of the property
  • Wrought Iron Fence
  • Wood Fence
  • Wire Fence
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Grass Covered Lot

Parking

  • 3 Car Direct Access Garage
  • 6 Open Parking Spaces
  • Heated Garage
  • Garage Door Opener
  • Gated Parking

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Foam Roof
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 6,060 Sq Ft Home
  • 1-Story Property
  • Wet Bar
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Double Pane Windows
  • Living Room with Fireplace
  • 3 Fireplaces
  • Mountain Views

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bathroom is a Full Bathroom
  • 5.5 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Hydromassage or Jetted Bathtub
  • Bathtub With Separate Shower Stall

Home Security

  • Security System Owned
  • Smart Home

Pool

  • Heated Spa
  • Heated Pool
  • Above Ground Spa

Outdoor Features

  • Covered patio or porch
  • Outdoor Fireplace
  • Outdoor Storage
  • Built-In Barbecue

Schools

  • Black Mountain Elementary School
  • Sonoran Trails Middle School
  • Cactus Shadows High School

Horse Facilities and Amenities

  • Equestrian Center
  • Horse Automatic Waterer
  • Horses Allowed On Property
  • Horse Stalls
  • Tack Room
  • Arena

Utilities

  • Mini Split Air Conditioners
  • Central Air
  • Heating Available
  • Propane
  • Shared Well
  • Septic Tank
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Guest House
  • Barn

Listing and Financial Details

  • Assessor Parcel Number 216-14-006

Community Details

Overview

  • No Home Owners Association
  • Association fees include no fees
  • Built by Custom
  • No Hoa Subdivision

Recreation

  • Horse Trails

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,983

Year Built

Built in 2005

Lot Details

0

Parking

3

Listing Details

  • Cross Street: School House and Highland.
  • Legal Info Range: 4E
  • Property Type: Residential
  • Ownership: Fee Simple
  • Association Fees Land Lease Fee: N
  • Basement: N
  • Parking Spaces Slab Parking Spaces: 6.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2005
  • Spa Private: Yes
  • Tax Year: 2021
  • Directions: DO NOT follow Google Maps. From Cave Creek Rd, N on School House Rd.; E on Highland Rd; N on 72nd St. Follow the road as it turns left and go to the gate at end of the road.
  • Property Sub Type: Single Family Residence
  • Horses: Yes
  • Lot Size Acres: 5.0
  • Subdivision Name: No HOA
  • Property Attached Yn: No
  • ResoBuildingAreaSource: Appraiser
  • Utilities Butane Propane: Yes
  • Cooling:Central Air: Yes
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Basement YN: No
  • Possible Use: Ranch, Farm
  • Spa Features: Above Ground, Heated, Private
  • Possible Bedrooms: 5
  • Total Bedrooms: 4
  • Fireplace Features: 3+ Fireplace, Exterior Fireplace, Living Room, Master Bedroom, Gas
  • Fireplace: Yes
  • Interior Amenities: Eat-in Kitchen, Breakfast Bar, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Pantry, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets, High Speed Internet, Smart Home, Granite Counters
  • Living Area: 6060.0
  • Stories: 1
  • Window Features: Skylight(s), Dual Pane
  • ResoLivingAreaSource: Appraiser
  • Kitchen Features:Granite Countertops: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Kitchen Features Pantry: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Other Rooms:Media Room: Yes
  • Community Features:Horse Facility: Yes
  • Other Rooms:ExerciseSauna Room: Yes
  • KitchenFeatures:Refrigerator: Yes

Exterior Features

  • Fencing: Wrought Iron, Wood, Wire
  • Exterior Features: Storage, Built-in Barbecue
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Desert Back, Desert Front, Natural Desert Back, Dirt Back, Gravel/Stone Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Features: Heated, Private
  • Pool Private: Yes
  • View: Mountain(s)
  • Disclosures: Agency Discl Req, Seller Discl Avail, Well Disclosure
  • Construction Type: Stucco, Wood Frame, Painted, Stone
  • Other Structures: Gazebo, Guest House
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Foam, Metal
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Built-in BBQ: Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Storage: Yes
  • Exterior Features:Separate Guest House: Yes
  • Exterior Features:GazeboRamada: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Garage Door Opener, Direct Access, Temp Controlled, Gated
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 6.0
  • Parking Features:Temp Controlled: Yes
  • Parking Features:Gated Parking: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:Direct Access: Yes

Utilities

  • Utilities: Propane
  • Cooling: Central Air, Ceiling Fan(s), Mini Split, Programmable Thmstat
  • Heating: Electric
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Shared Well
  • Heating:Electric: Yes
  • Sewer Septic Tank: Yes

Condo/Co-op/Association

  • Community Features: Horse Facility
  • Amenities: None
  • Association: No

Association/Amenities

  • Association Fees:HOA YN2: N
  • Association Fees:PAD Fee YN2: N
  • Association Fee Incl:No Fees: Yes

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Black Mountain Elementary School
  • High School: Cactus Shadows High School
  • Junior High Dist: Cave Creek Unified District
  • Middle Or Junior School: Sonoran Trails Middle School

Lot Info

  • Horse Amenities: Arena, Auto Water, Barn, Bridle Path Access, Stall, Tack Room
  • Land Lease: No
  • Lot Size Sq Ft: 217800.0
  • Parcel #: 216-14-006
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Custom

Tax Info

  • Tax Annual Amount: 5983.0
  • Tax Book Number: 216.00
  • Tax Lot: 0
  • Tax Map Number: 14.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2022
Closed on
Aug 24, 2023
Sold by
Ann Margaret Pihl Trust
Bought by
Wells Scott A
Seller's Agent
Judith Zimet
Berkshire Hathaway HomeServices Arizona Properties
Buyer's Agent
Erika Uram
Keller Williams Realty East Valley
List Price
$2,995,000
Sold Price
$2,850,000
Premium/Discount to List
-$145,000
-4.84%
Total Days on Market
306
Views
265
Current Estimated Value
$2,899,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,061
Avg. Annual Appreciation
0.96%
Original Mortgage
$2,137,500
Outstanding Balance
$2,102,136
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
$796,925

Purchase Details

Closed on
May 4, 2020
Sold by
Pihl Ann Margaret
Bought by
Pihl Ann Margaret and The Ann Margaret Pihl Trust

Purchase Details

Closed on
Apr 19, 2006
Sold by
Pihl Ann Margaret
Bought by
Pihl Richard D and Pihl Ann Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,330,000
Interest Rate
6.3%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 9, 2005
Sold by
Skorish Louis and Skorish Marie
Bought by
Town Of Cave Creek
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Wells Scott A $2,850,000 Magnus Title Agency
Pihl Ann Margaret -- None Available
Pihl Richard D -- Guaranty Title Agency
Pihl Ann Margaret -- Guaranty Title Agency
Pihl Ann Margaret $1,900,000 Guaranty Title Agency
Town Of Cave Creek -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wells Scott A $2,137,500
Previous Owner Fihl Richard D $1,200,000
Previous Owner Pihl Richard D $236,000
Previous Owner Pihl Richard D $1,483,500
Previous Owner Pihl Richard D $236,000
Previous Owner Pihl Ann Margaret $1,330,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2023 08/24/23 Sold $2,850,000 -4.8% $470 / Sq Ft
06/27/2023 06/27/23 Pending -- -- --
05/08/2023 05/08/23 For Sale $2,995,000 0.0% $494 / Sq Ft
05/05/2023 05/05/23 Off Market $2,995,000 -- --
04/21/2023 04/21/23 For Sale $2,995,000 0.0% $494 / Sq Ft
04/18/2023 04/18/23 Off Market $2,995,000 -- --
02/04/2023 02/04/23 Price Changed $2,995,000 -14.4% $494 / Sq Ft
08/25/2022 08/25/22 For Sale $3,500,000 -- $578 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,940 $145,330 -- --
2024 $5,556 $138,410 -- --
2023 $5,556 $167,210 $33,440 $133,770
2022 $5,482 $133,860 $26,770 $107,090
2021 $5,983 $133,370 $26,670 $106,700
2020 $5,988 $113,870 $22,770 $91,100
2019 $6,799 $113,430 $22,680 $90,750
2018 $6,762 $111,520 $22,300 $89,220
2017 $5,742 $105,880 $21,170 $84,710
2016 $6,455 $111,920 $22,380 $89,540
2015 $6,018 $106,810 $21,360 $85,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6454959

Arizona Regional Multiple Listing Service (ARMLS)

APN: 216-14-006