7718 E Golden Reef Road, Cave Creek, AZ 85331

$3,580,000
3
BD
2
BA
2,800
SqFt
List Price
$3,580,000
Days on Market
132
Status
ACTIVE
MLS#
5993430
City
Cave Creek
Bedrooms
3
Bathrooms
2
Living SQFT
2,800
Lot Size
260,820
Subdivision
Hidden And Secret Ranch Of Patented Land, Loaded With Water!
Year Built
1972
Type
Single Family - Detached

Property Description

YOUR SAFE HAVEN, Hidden and rare. A PREMIERE WATER SOURCE with amazing artesian wells bubbling out over 11,000 gallons of fresh water from the mountain daily, nurturing a bountiful Eden of over 50 fruit & nut trees, terraced gardens w/ paths lined by rose bushes and ivy. ALL PATENTED LAND (mineral rights) Held in private ownership for decades, with 38 acres This ranch, minutes N. of Cave Creek, is steeped in history, where the Golden Reef Mine was located. The charming and rustic land, surrounded by preserve and gov't land, was just used as a location for a motion picture! Gated & private, and a number of luxury homesites have been identified, in addition to the quaint residence there now. Includes stables, and climate-controlled bunkhouse used as a casita. Watch the video tour! Purchase includes the parcel with the home, APN # 202-99008H, land parcels 202-99-008G, and 202-17-029. The bunkhouse, used for a casita, is air conditioned and heated also. Here's the takeaway from the recent news story this week from the US Geological Survey. The Colorado River is going to be much drier than thought and millions of people will be affected. Here's why: Between 19905 and 1922, when allocations were given out to states bordering the Colorado River, tree ring studies by the University of Arizona, have shown these were extremely wet years, and the water was over appropriated. Further, they didn't take in account evaporation from the future Lake Mead, use by plants and the future guarantee to Mexico in 1944, of millions of acre feet of water. Now, Lake Powell and Lake Mead are over half-empty, the river flow is dwindling . The region is stuck in a 19 year drought, the worst in 1,250 years. And the tree ring studies indicate these dry periods can last 1,000 years. Some scientists doubt the lakes will ever be full pool again. Lake Mead is getting dangerously close to the level that triggers mandatory water cutbacks to lower Colorado basin states when Tier 1 water restrictions kick in. Level of the lake is now 1,096 ft. Mandatory cutbacks start when it hits 1,075 feet (above sea level) Below 1,050 ft., Hoover Dam may not be able to generate electricity. Worst-case scenario is the drop below 895 ft. Water can no longer pass through the dam, the dreaded "dead pool" scenario. Since Arizona gets 40% of its water from the Colorado River, a wise land investor would do well to consider land like this that "makes" its own water.

Additional Information

Elementary School
Black Mountain Elementary School
High School
Cactus Shadows High School
Middle School
Cactus Shadows High School
School District
093 - Cave Creek Unified District
Architecture
Ranch
Assoc Fee Includes
No Fees
Association Info
None
Builder Name
Unknown
Community Features
Gated Community, Horse Facility
Construction
Frame - Wood
Cooling
Both Refrig & Evap, Ceiling Fan(s)
Dining Area
Dining in LR/GR
Exterior Features
Patio, Private Street(s)
Features
Other (See Remarks)
Fencing
None
Finish
Painted
Fireplace
1 Fireplace, Fireplace Living Rm
Heating
Electric Heat
Horse Features
Barn, Bridle Path Access, Corral, Other (See Remarks), Stall, Tack Room
Horses
Yes
Kitchen Features
Disposal, Dishwasher, Refrigerator
Landscaping
Desert Back, Desert Front
Laundry
Inside Laundry
Living Area
2,800
Lot Size
260,820
Master Bathroom
Double Sinks, Separate Shwr & Tub, Tub with Jets
New Financing
Cash, Conventional
Other Rooms
Exercise/Sauna Room
Property Description
Hillside Lot, Mountain View(s), Street(s) Not Paved
Roofing
Comp Shingle
Sewer
Septic, Septic in & Cnctd
Spa
None
Stories
2
Subdivision
Hidden And Secret Ranch Of Patented Land, Loaded With Water!
Taxes
$2,376
Tax Year
2019
Technology
3+ Exist Tele Lines, HighSpd Intrnt Aval
Utilities
APS, City Electric
Water
Well - Pvtly Owned

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Listing courtesy of Russ Lyon Sotheby's International Realty.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2020 Arizona Regional Multiple Listing Service, Inc. All rights reserved.