Realty Executives Phoenix
Denise van den Bossche
Denise van den Bossche
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Arcadia is a neighborhood bordering Old Town Scottsdale, at the southern base of Camelback Mountain. It is a neighborhood that includes homes both in Scottsdale (85251) and Phoenix (85018). The neighborhood has a rich history, and a long list of well known celebrities, politicians and business leaders living here. Glen Campbell (By the Time I Get to Phoenix, Rhinestone Cowboy) lived here. Well known Arcadia High School graduates include Steven Spielberg and Lynda Carter.
Arcadia has been in its own market bubble for nearly a decade, outpacing the local housing market so significantly that statisticians must manually carve out the area when discussing housing trends. Camelback Mountain looms to the north, and Sky Harbor International Airport is only 15 minutes away. Lot sizes in Arcadia "Proper" typically start at a quarter acre, although some can be five acres or more. As you venture south from the prestigious EXETER Blvd, where all of the original homes have evolved into spectacular mansions, you can see a 1950 ranch home next to a beautiful $3M remodel. On streets surrounding Exeter, you may hear of a $3M home scraped to use for a neighbor's additional yard. There are very few HOAs. The schools have long wait lists and high parent involvement. Bidding on a home here is not for the faint of heart. Older homes list between $700-$850/square foot, and new can range from $1,100 to $1,500.
Streets are wide, and strollers, hikers and cyclists fill the shady streets, many heading to the nearby canal which takes you directly into Old Town Scottsdale. Much of the demand is from young families of parents who grew up in Arcadia as children. Within a few blocks are some of the best restaurants, groceries, restaurants, resorts, gyms, salons and coffee shops.
When I owned my home off Exeter in the early 1990s, Arcadia “proper” was strictly 44th to 68th Street and Lafayette to Camelback Rd. Residents belonged to the Villages Tennis Club and talked about the purse-stools at Mary Elaines. Those newer to the area will be more generous when defining these borders.
Arcadia has now swelled into what is referred to as “Arcadia-Lite." These homes can date back to the 1940s and many almost completely fill the small lot sizes. Do not neglect to check on properly pulled permits during your inspection period! Prices here have skyrocketed in recent years, as home buyers were priced out of Arcadia-proper. Trendy restaurants have followed, as well as new infill homes and small subdivisions, and hundreds of remodels.
Many residents belong to the fabulous and family-friendly Arizona Country Club, home to the original Phoenix Open once upon a time. Just across Camelback Road is the Phoenician Resort which is known for its golf course, fabulous happy hour, steak restaurant and a pool & fitness membership package popular with the locals. Nearby is the Camelback "Cholla" hiking trailhead which was recently relocated from Invergordon. At Scottsdale Rd is Scottsdale Fashion Square and Old Town Scottsdale. To the west is the fabulous Henry Restaurant, the Village Health Club and AJ's gourmet groceries. For Farmer's Market, Old Town has a fabulous one, as well as another close by at 40th & Camelback Rds.
The public schools here are amazing, with high parent involvement. Because of Open Enrollment, they typically have long wait lists.
Arcadia is an older community, and there are very few active Homeowner’s Associations, which has led to many short term vacation rentals, such as the home to the right which my client purchased in 2017 and sold a short time later. There are also some newer small gated communities. The homes throughout the community are diverse, ranging from 1950 ranch style on smaller lots, to sprawling new-build multi-million dollar estates. Be advised that the older homes have nuances inherent to this specific neighborhood. It is really important you use a tenured agent familar with the area.
Two minute video on 4,088 sq ft 4 bed/3.5 bath home listed May 2022 $3,750,000 on exclusive Exeter Blvd, a 6 minute walk to Scottsdale Fashion Square in Old Town Scottsdale. Sold first day on market with expected close date of June 2022.
Denise van den Bossche (www.DeniseVDB.com) has been a career Real Estate professional in the Scottsdale Valley since 1985, participating in the Phoenix Valley’s growth from a population of 1.5M to the current 4.5 million. She knows the communities, neighborhoods, builders, architects and the market cycles and can be reached at 602-980-0737