Posted by Russ Lyon Sotheby's International Realty on Tuesday, May 20th, 2014 at 10:41am. It's a very rare occurrence when a Scottsdale foreclosure comes on the market, but when it does, it presents some of the best home buying opportunities available. That's because these are often quality construction homes with luxuries that you can't get just anywhere. Furthermore, they are offered, usually, way below their market value, meaning that for the right buyer, there is money to be made as an investment. With the real estate market nationwide still struggling to return to its former prominence, snatching up one of these great properties will put you in a great position in a relatively short amount of time. To get a clearer sense of what Scottsdale Foreclosures have to offer, the best thing to do is look at some of the actual properties.

38487 N 94th Street

This home has a majestic layout with four bedrooms and four and a half baths. It also packs in more than 6,000 square feet of heated living space with amenities that include the following: fairway and mountain views, an open and bright split floor plan with three bedrooms and an office in the main home and a large separate entrance guest house with kitchenette, interior details that include soft, curved lines with butt-glazed windows, 24-inch limestone tile flooring, mahogany cabinetry and granite and marble counters. There is also a large master retreat with his/her closet and a steam shower! Outdoor areas include professional landscaping, a large covered dining patio, gas fire pit, Viking BBQ, multiple private covered patios and a heated lap pool with spa. Price: $1.8 million.

10040 E Happy Valley Road

This home offers a luxurious three bedrooms and three baths on 3,711 square feet of heated living space. It also boasts views galore and a thoroughly remodeled interior complemented with natural light and an open floor plan featuring soaring ceilings and windows, four fireplaces, a newly remodeled chef style kitchen with Viking range, two ovens, warming drawer, subzero fridge, two walk-in pantries, and a wine room. Outside, there is a private backyard with a heated pool and spa and an outdoor kitchen. Price: $1.195 million.

5841 E Saint John Road

Last but not least, this five-bed, four-bath home consumes 3,735 square feet of heated living space and boasts a price that is $30k below appraisal. Located in the highly desirable Oakhurst location, this home has been recently remodeled and features hardwood floors, an enormous media room, attached casita with separate kitchenette, and an approximately 18,000 square foot yard for those of you who really like to entertain. Price: $699,000.

As you can see Scottsdale Foreclosures do not mean that you will end up with a home of lesser quality. To the contrary! It means a great home at an unbelievable price.