Madrid of Scottsdale

Madrid of Scottsdale is a beautiful gated community offering estate sized homes at the base of the McDowell Mountains near

Frank Lloyd Wright Blvd

and

100^th Street

in the desirable 85260 zip code.  Madrid offers two separate gated sections located on either side of Frank Lloyd Wright.  The community has a total of 85 lots -  Approximately 60 homes are behind the iron gates off of Thunderbird on the west side of Frank Lloyd Wright, and 25 homes are on the east side of FLW.  Madrid is a newer Scottsdale neighborhood, built by Hancock, a Meritage Homes Corporation starting in 2003 and was completed as recently as 2006.

Homes in Madrid range in size from approximately 3,700 square feet to over 5,700 square feet, with some homes offering basements.  Although property lot sizes vary, they are generous in size and average approximately 15,000 square feet.   

Stunning mountain vistas are complemented by the classic architecture.  Madrid is influenced by its European name and neighboring Italy with the Tuscan styling, courtyards, turrets and rotundas, intricate stonework and well-manicured yards.  Madrid is one of Scottsdale’s best kept secrets with grand, regal homes in the hub of north Scottsdale, but nestled quietly against the picturesque backdrop of the mountains.   

I’ve been fortunate to view a number of homes in Madrid.  Spectacular kitchens with gorgeous woods, imported granites and unique stove hoods seem to be one of the many hallmarks of distinction in these homes.

Close to shopping, dining, entertainment, parks, recreation and cultural attractions – in fact, the famed Taliesin West is just a few blocks to the south – residents continue to remark about Madrid’s perfect location in the heart of their beloved 85260. 

View all available homes for sale in Madrid by clicking on the link below: 

Scottsdale Madrid Homes for Sale

Artist rendering taken from the original Meritage Homes marketing brochure.

Digging Deep for Phoenix Area Basement Homes

They are not very prevalent in the valley, but they are there: You can find a basement home in the Phoenix area if you dig deep enough.  As of today, approximately 3% of the homes offered for sale in ARMLS include some type of basement.  My search produced a total of 20,725 active properties currently listed of which 683 of them feature a basement of some type. 

Clearly 3% isn’t a ton of homes to select from, but if you want one, it can be found.  With continual changes and upgrades to our search capabilities in ARMLS, local Realtors® can include in their buyers search criteria parameters for a basement.  These include: finished, unfinished, full, partial, and/or walk-out. 

In the Phoenix area, basement homes that came up in my search to day range for a 1,244 square foot, 2 bedroom, 2 bath home in Phoenix priced at $29,900 all the way up to a 15,619 square foot home with 7 bedrooms, 13 baths in Paradise Valley that has your name all over if for a mere $15,850,000 – and literally, there is something in between at nearly all price points.

Click here to view a significant sampling of Phoenix area homes that include basements that are currently on the market.

One of my favorite communities in Scottsdale that has a handful of properties that have basement homes is Madrid along the Frank Lloyd Wright corridor in the ever-popular 85260.  I’ve written about Madrid in the past and will likely post a spotlight on the subdivision again shortly. 

I mention it because I found a wonderful bank owned property in that community today that has not only a basement, but a casita as well! A hoarder’s dream comes true (or a delight for the space deprived)!  This home features 7 beds, 5 ½ baths in 5,391 square feet and is offered at $840,000 – view the full listing here.

So dust off those Midwest dreams you suppressed to the very back of your brain – hit the Christmas in July sales and stock up! You can have that basement to store all your worldly possessions once again!

Photo from Flickr courtesy of jcestnik