Real Estate Investment Properties for Sale in Carefree, AZ

Looking for investment property in Carefree, AZ with high ROI ?

Explore a variety of short-term homes & houses in Carefree, AZ. Invest wisely with VRBO & Carefree, AZ Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Carefree, AZ

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
6527 E EL SENDERO Road Carefree, AZ Welcome to Villa Sorgenfrei. Perched high in Carefree's exclusive mountain preserve, this ...	4 beds \| 4 baths \| 5,843 sq.ft.	$3,350,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 0.3% Airbnb Rental Income: $4211 Traditional Rental Income: $4728 Airbnb ROI: -0.15% Traditional ROI: 0.3%
35345 N Canyon Creek Court Carefree, AZ Stunning Soft Contemporary in Prestigious Carefree Nestled at the base of Black Mountain, ...	3 beds \| 4 baths \| 3,597 sq.ft.	$1,540,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 1.69% Airbnb Rental Income: $2337 Traditional Rental Income: $4385 Airbnb ROI: -0.15% Traditional ROI: 1.69%
35078 N SOPHORA Drive Carefree, AZ An EXCEPTIONAL 3 Bed / 3 Ba 3160 SF Carefree home, crafted by award-winning builder J.P. M...	3 beds \| 3 baths \| 3,160 sq.ft.	$1,695,000	Airbnb cash on cash: -0.21% Traditional cash on cash: 1.19% Airbnb Rental Income: $2337 Traditional Rental Income: $3963 Airbnb ROI: -0.21% Traditional ROI: 1.19%
37300 N TOM DARLINGTON Drive unit: D #D Carefree, AZ Live Elevated in Carefree, AZ! This Villa Del Sol retreat is fully upgraded and designed f...	2 beds \| 2 baths \| 2,755 sq.ft.	$799,000	Airbnb cash on cash: 0.55% Traditional cash on cash: 2.4% Airbnb Rental Income: $2435 Traditional Rental Income: $3213 Airbnb ROI: 0.55% Traditional ROI: 2.4%
36601 N Mule Train Rd #C21 Carefree, AZ This beautiful almost 2,000 sq. Ft., 2 bedroom plus den/3rd bedroom condo is perfectly sit...	3 beds \| 2 baths \| 1,970 sq.ft.	$670,000	Airbnb cash on cash: 0.65% Traditional cash on cash: 4.56% Airbnb Rental Income: $2337 Traditional Rental Income: $4200 Airbnb ROI: 0.65% Traditional ROI: 4.56%
36801 N Long Rifle Rd Carefree, AZ Beautiful Carefree property with no HOA, offering 5 bedrooms, 4.5 baths and a remodeled de...	5 beds \| 4 baths \| 4,108 sq.ft.	$1,675,000	Airbnb cash on cash: 1.02% Traditional cash on cash: 3.58% Airbnb Rental Income: $4334 Traditional Rental Income: $7399 Airbnb ROI: 1.02% Traditional ROI: 3.58%
2014 Smoketree Dr Carefree, AZ WOW! Beautifully renovated Desert Contemporary on the Boulders GC north course 7th Fairway...	3 beds \| 3 baths \| 3,033 sq.ft.	$1,895,000	Airbnb cash on cash: -0.34% Traditional cash on cash: 2.52% Airbnb Rental Income: $2337 Traditional Rental Income: $6787 Airbnb ROI: -0.34% Traditional ROI: 2.52%
7502 E CAREFREE Drive unit: 204 #204 Carefree, AZ Sunny and quiet FULLY FURNISHED 1 bedroom, 1 bath, upper condo unit. This condo features l...	1 beds \| 1 baths \| 562 sq.ft.	$259,000	Airbnb cash on cash: 3.13% Traditional cash on cash: 2.32% Airbnb Rental Income: $1973 Traditional Rental Income: $1258 Airbnb ROI: 3.13% Traditional ROI: 2.32%
7435 E Sundance Trail unit: 403 #403 Carefree, AZ Located in the community of Las Torres in Carefree, within walking distance to downtown Ca...	2 beds \| 2 baths \| 2,062 sq.ft.	$450,000	Airbnb cash on cash: 1.84% Traditional cash on cash: 3.51% Airbnb Rental Income: $2435 Traditional Rental Income: $2546 Airbnb ROI: 1.84% Traditional ROI: 3.51%
2044 E Smoketree Dr Carefree, AZ Welcome to your tranquil haven in the heart of The Boulders, one of Carefree's most sought...	3 beds \| 2 baths \| 2,514 sq.ft.	$1,375,000	Airbnb cash on cash: -0.11% Traditional cash on cash: 0.94% Airbnb Rental Income: $2337 Traditional Rental Income: $3095 Airbnb ROI: -0.11% Traditional ROI: 0.94%
8967 E Lazywood Pl Carefree, AZ Invest with success and buy through Auction.com. This foreclosure investment property is a...	3 beds \| 3 baths \| 3,420 sq.ft.	$1,865,000	Airbnb cash on cash: -0.7% Traditional cash on cash: -0.05% Airbnb Rental Income: $2337 Traditional Rental Income: $2875 Airbnb ROI: -0.7% Traditional ROI: -0.05%
9445 E Quail Trl Carefree, AZ Set on an elevated one-acre lot in Carefree Rolling Hills, this soft contemporary block-co...	3 beds \| 2 baths \| 3,977 sq.ft.	$1,575,000	Airbnb cash on cash: 0% Traditional cash on cash: 0.74% Airbnb Rental Income: $2337 Traditional Rental Income: $2842 Airbnb ROI: 0% Traditional ROI: 0.74%
38199 N Tranquil Way Carefree, AZ Set against the majestic backdrop of Black Mountain and the sweeping Sonoran Desert, this ...	4 beds \| 4 baths \| 3,805 sq.ft.	$2,700,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 0.74% Airbnb Rental Income: $4211 Traditional Rental Income: $4845 Airbnb ROI: 0.13% Traditional ROI: 0.74%
5976 E AGAVE Place Carefree, AZ Stunning Southwest style home w/ spectacular mountain views! This charming 2,963 sq ft sin...	4 beds \| 3 baths \| 2,963 sq.ft.	$1,390,000	Airbnb cash on cash: 1.21% Traditional cash on cash: 1.74% Airbnb Rental Income: $4211 Traditional Rental Income: $4007 Airbnb ROI: 1.21% Traditional ROI: 1.74%
6520 E EL SENDERO Road Carefree, AZ Nestled high on Black Mountain in the prestigious, gated Carefree Grand View Estates, this...	4 beds \| 6 baths \| 5,447 sq.ft.	$4,500,000	Airbnb cash on cash: -0.44% Traditional cash on cash: 0.86% Airbnb Rental Income: $4211 Traditional Rental Income: $8760 Airbnb ROI: -0.44% Traditional ROI: 0.86%
1018 N Boulder Dr Carefree, AZ Featured on ''The American Dream'', this remodeled masterpiece is nestled among one of the...	3 beds \| 3 baths \| 3,026 sq.ft.	$1,699,000	Airbnb cash on cash: -0.22% Traditional cash on cash: 1.38% Airbnb Rental Income: $2337 Traditional Rental Income: $4281 Airbnb ROI: -0.22% Traditional ROI: 1.38%
6901 E RESTIN Road Carefree, AZ If views, privacy, and luxury are important, this mountainside estate will not disappoint!...	4 beds \| 4 baths \| 6,803 sq.ft.	$4,599,500	Airbnb cash on cash: -0.37% Traditional cash on cash: 0.77% Airbnb Rental Income: $4211 Traditional Rental Income: $8207 Airbnb ROI: -0.37% Traditional ROI: 0.77%
7438 E HUM Road unit: 103 #103 Carefree, AZ A+ exceptional one-of-a-kind total remodel in the heart of downtown Carefree within walkin...	2 beds \| 2 baths \| 2,084 sq.ft.	$624,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 3.1% Airbnb Rental Income: $2435 Traditional Rental Income: $2993 Airbnb ROI: 1.12% Traditional ROI: 3.1%
37760 N Concho Dr Carefree, AZ Timeless Contemporary design by Fred Linn Osmon features his superlative architecture with...	3 beds \| 3 baths \| 2,853 sq.ft.	$1,249,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 1.46% Airbnb Rental Income: $2337 Traditional Rental Income: $3164 Airbnb ROI: 0.25% Traditional ROI: 1.46%
1084 N Boulder Dr Carefree, AZ A unique jewel of southwest design and architecture, this meticulously maintained home is ...	5 beds \| 5 baths \| 5,020 sq.ft.	$2,695,000	Airbnb cash on cash: 0.1% Traditional cash on cash: 1.64% Airbnb Rental Income: $4334 Traditional Rental Income: $7264 Airbnb ROI: 0.1% Traditional ROI: 1.64%
37229 N WINDING WASH Trail Carefree, AZ Discover Move-In-Ready Luxury in Carefree, AZ This stunning entertainer's dream, located i...	3 beds \| 3 baths \| 2,952 sq.ft.	$1,800,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 3.21% Airbnb Rental Income: $2337 Traditional Rental Income: $7520 Airbnb ROI: -0.24% Traditional ROI: 3.21%
8320 E Concho Ln Carefree, AZ Designed by renowned architect Shelby Wilson, this striking desert residence blends timele...	4 beds \| 5 baths \| 4,852 sq.ft.	$2,360,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 2.9% Airbnb Rental Income: $4211 Traditional Rental Income: $8967 Airbnb ROI: 0.32% Traditional ROI: 2.9%
9215 E Lazywood Pl Carefree, AZ Carefree Living with Privacy & Sunset Views Located in Velvet Shadows on a private one-acr...	4 beds \| 3 baths \| 2,469 sq.ft.	$1,295,000	Airbnb cash on cash: 1.54% Traditional cash on cash: 4.54% Airbnb Rental Income: $4211 Traditional Rental Income: $6930 Airbnb ROI: 1.54% Traditional ROI: 4.54%
7438 E HUM Road unit: 101 #101 Carefree, AZ Lovely and spacious remodeled townhome steps to the center of Carefree. This serene home h...	3 beds \| 4 baths \| 2,798 sq.ft.	$629,000	Airbnb cash on cash: 0.96% Traditional cash on cash: 8.1% Airbnb Rental Income: $2337 Traditional Rental Income: $5946 Airbnb ROI: 0.96% Traditional ROI: 8.1%
39601 N OCOTILLO RIDGE Drive Carefree, AZ An extraordinary opportunity to own one of Carefree's most private and elegant estates beh...	5 beds \| 7 baths \| 7,783 sq.ft.	$5,700,000	Airbnb cash on cash: -0.51% Traditional cash on cash: 0.17% Airbnb Rental Income: $4334 Traditional Rental Income: $7043 Airbnb ROI: -0.51% Traditional ROI: 0.17%
80 ALMARTE Circle Carefree, AZ Immaculate and nearly new in feel, this beautifully maintained home is one of just 24 in t...	2 beds \| 2 baths \| 1,880 sq.ft.	$774,000	Airbnb cash on cash: 0.79% Traditional cash on cash: 4.27% Airbnb Rental Income: $2435 Traditional Rental Income: $4353 Airbnb ROI: 0.79% Traditional ROI: 4.27%
36700 N LONE EAGLE Point Carefree, AZ A striking architectural feat set into Black Mountain's eastern face, this bespoke estate ...	5 beds \| 6 baths \| 6,435 sq.ft.	$5,988,888	Airbnb cash on cash: -0.54% Traditional cash on cash: -0.04% Airbnb Rental Income: $4334 Traditional Rental Income: $6200 Airbnb ROI: -0.54% Traditional ROI: -0.04%
6831 E Stagecoach Pass -- Carefree, AZ Wow! This outstanding masterpiece on a 1.59-acre lot is a true dream! A 3-car garage, circ...	5 beds \| 4 baths \| 5,750 sq.ft.	$1,999,999	Airbnb cash on cash: 0.63% Traditional cash on cash: 2.5% Airbnb Rental Income: $4334 Traditional Rental Income: $6897 Airbnb ROI: 0.63% Traditional ROI: 2.5%
6816 E Stagecoach Pass -- Carefree, AZ Desert Luxury Meets Modern Design -Lot: Nestled on 1.7 acres with dramatic views of Black ...	5 beds \| 4 baths \| 5,609 sq.ft.	$4,175,000	Airbnb cash on cash: -0.28% Traditional cash on cash: 0.65% Airbnb Rental Income: $4334 Traditional Rental Income: $7024 Airbnb ROI: -0.28% Traditional ROI: 0.65%
38777 N OCOTILLO RIDGE Drive Carefree, AZ Steve Jensen Homes presents the pinnacle of luxury living in the prestigious gated communi...	4 beds \| 5 baths \| 5,252 sq.ft.	$5,250,000	Airbnb cash on cash: -0.36% Traditional cash on cash: -0.02% Airbnb Rental Income: $4211 Traditional Rental Income: $4982 Airbnb ROI: -0.36% Traditional ROI: -0.02%
34877 N RIDGEWAY Drive Carefree, AZ Stunning Santa Fe Estate with Panoramic Black Mountain & City Light Views Discover an abso...	4 beds \| 4 baths \| 4,477 sq.ft.	$2,685,999	Airbnb cash on cash: 0.09% Traditional cash on cash: 1.7% Airbnb Rental Income: $4211 Traditional Rental Income: $7335 Airbnb ROI: 0.09% Traditional ROI: 1.7%
36618 N Wildflower Rd Carefree, AZ HUGE HUGE Price REDUCTION!!! Home being sold AS IS. Appraised at 1.5M in 2024 MUST see AS...	4 beds \| 3 baths \| 4,274 sq.ft.	$1,295,000	Airbnb cash on cash: 1.48% Traditional cash on cash: 2.42% Airbnb Rental Income: $4211 Traditional Rental Income: $4448 Airbnb ROI: 1.48% Traditional ROI: 2.42%
2304 Fox Tail Trl Carefree, AZ Architectural Southwestern Gem by Terry Kilbane Discover a rare opportunity to own a cust...	4 beds \| 3 baths \| 4,202 sq.ft.	$2,580,000	Airbnb cash on cash: 0.05% Traditional cash on cash: 0.53% Airbnb Rental Income: $4211 Traditional Rental Income: $4479 Airbnb ROI: 0.05% Traditional ROI: 0.53%
7823 E CELESTIAL Street Carefree, AZ Nestled in the foothills of the Sonoran Desert, Casa Sevilla is more than a residence-it's...	5 beds \| 6 baths \| 5,138 sq.ft.	$2,199,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 2.97% Airbnb Rental Income: $4334 Traditional Rental Income: $8616 Airbnb ROI: 0.43% Traditional ROI: 2.97%
37202 N HOLIDAY Lane Carefree, AZ Desert Lifestyle with Iconic Mountain Views Welcome to this beautifully updated Carefree...	4 beds \| 4 baths \| 3,333 sq.ft.	$2,175,000	Airbnb cash on cash: 0.43% Traditional cash on cash: 1.36% Airbnb Rental Income: $4211 Traditional Rental Income: $5179 Airbnb ROI: 0.43% Traditional ROI: 1.36%
1 EASY Street unit: 12 #12 Carefree, AZ Contemporary, luxury townhome in the heart of idyllic Carefree. Conveniently walkable to g...	3 beds \| 4 baths \| 2,283 sq.ft.	$889,000	Airbnb cash on cash: 0.5% Traditional cash on cash: 2.54% Airbnb Rental Income: $2337 Traditional Rental Income: $3443 Airbnb ROI: 0.5% Traditional ROI: 2.54%
6964 E Stagecoach Pass Carefree, AZ Nestled among the boulders on the south side of Black Mountain, this private, single-level...	4 beds \| 4 baths \| 5,718 sq.ft.	$9,975,000	Airbnb cash on cash: -0.71% Traditional cash on cash: -0.3% Airbnb Rental Income: $4211 Traditional Rental Income: $7109 Airbnb ROI: -0.71% Traditional ROI: -0.3%
7915 E Primrose Path Carefree, AZ Mid-century Modern meets Clean Contemporary in the heart of Carefree, designed and built b...	4 beds \| 4 baths \| 3,345 sq.ft.	$2,999,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 1.65% Airbnb Rental Income: $4211 Traditional Rental Income: $7698 Airbnb ROI: 0.08% Traditional ROI: 1.65%
7402 E CAREFREE Drive unit: 214 #214 Carefree, AZ Home is tenant occupied. Buyer to honor lease until 6/30/26 at $1800 p/ mo. Comfortable 2n...	2 beds \| 2 baths \| 1,156 sq.ft.	$240,000	Airbnb cash on cash: 3.03% Traditional cash on cash: 3.65% Airbnb Rental Income: $2435 Traditional Rental Income: $1980 Airbnb ROI: 3.03% Traditional ROI: 3.65%
5830 E RESTIN Road Carefree, AZ Welcome to your private desert sanctuary in the heart of Carefree. Set on nearly an acre i...	4 beds \| 2 baths \| 3,524 sq.ft.	$1,599,999	Airbnb cash on cash: 1.02% Traditional cash on cash: 1.51% Airbnb Rental Income: $4211 Traditional Rental Income: $4043 Airbnb ROI: 1.02% Traditional ROI: 1.51%

Real Estate investment in Carefree, AZ

There are 79 properties for sale in the city of Carefree . The median list price in Carefree is $1,395,000 and the average price per square foot is $415. In January 2026, the average monthly cash on cash return in Carefree is 2.00%. The average monthly rental income in Carefree is $4,007.

Carefree, AZ Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 79 investment properties available for sale in Carefree.

In 2026, the best neighborhood to buy investment property is Carefree.

The ROI for Short-Term is higher than the Long-Term in Carefree with average rental income of $2,435.

Your search for investment property begins and ends here

Investment Property for Sale in Carefree, AZ

6527 E EL SENDERO Road

Carefree, AZ

4 beds | 4 baths | 5,843 sq.ft.

$3,350,000

Airbnb cash on cash: -0.15%

Traditional cash on cash: 0.3%

Airbnb Rental Income: $4211

Traditional Rental Income: $4728

Airbnb ROI: -0.15%

Traditional ROI: 0.3%

35345 N Canyon Creek Court

Carefree, AZ

3 beds | 4 baths | 3,597 sq.ft.

$1,540,000

Airbnb cash on cash: -0.15%

Traditional cash on cash: 1.69%

Airbnb Rental Income: $2337

Traditional Rental Income: $4385

Airbnb ROI: -0.15%

Traditional ROI: 1.69%

35078 N SOPHORA Drive

Carefree, AZ

3 beds | 3 baths | 3,160 sq.ft.

$1,695,000

Airbnb cash on cash: -0.21%

Traditional cash on cash: 1.19%

Airbnb Rental Income: $2337

Traditional Rental Income: $3963

Airbnb ROI: -0.21%

Traditional ROI: 1.19%

37300 N TOM DARLINGTON Drive unit: D #D

Carefree, AZ

2 beds | 2 baths | 2,755 sq.ft.

$799,000

Airbnb cash on cash: 0.55%

Traditional cash on cash: 2.4%

Airbnb Rental Income: $2435

Traditional Rental Income: $3213

Airbnb ROI: 0.55%

Traditional ROI: 2.4%

36601 N Mule Train Rd #C21

Carefree, AZ

3 beds | 2 baths | 1,970 sq.ft.

$670,000

Airbnb cash on cash: 0.65%

Traditional cash on cash: 4.56%

Airbnb Rental Income: $2337

Traditional Rental Income: $4200

Airbnb ROI: 0.65%

Traditional ROI: 4.56%

36801 N Long Rifle Rd

Carefree, AZ

5 beds | 4 baths | 4,108 sq.ft.

$1,675,000

Airbnb cash on cash: 1.02%

Traditional cash on cash: 3.58%

Airbnb Rental Income: $4334

Traditional Rental Income: $7399

Airbnb ROI: 1.02%

Traditional ROI: 3.58%

2014 Smoketree Dr

Carefree, AZ

3 beds | 3 baths | 3,033 sq.ft.

$1,895,000

Airbnb cash on cash: -0.34%

Traditional cash on cash: 2.52%

Airbnb Rental Income: $2337

Traditional Rental Income: $6787

Airbnb ROI: -0.34%

Traditional ROI: 2.52%

7502 E CAREFREE Drive unit: 204 #204

Carefree, AZ

1 beds | 1 baths | 562 sq.ft.

$259,000

Airbnb cash on cash: 3.13%

Traditional cash on cash: 2.32%

Airbnb Rental Income: $1973

Traditional Rental Income: $1258

Airbnb ROI: 3.13%