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There has never been a better time to acquire bank owned homes for sale in Scottsdale, AZ. You can purchase these types of properties directly from the bank. Banks do not want to own property, they want to lend money. However, the downturn in the economy has forced the bank to take possession of these homes. You can assure yourself of an excellent deal if you take advantage of this opportunity.

REO (Real Estate Owned) homes in a condition of foreclosure and now sit on the banks financial books waiting to be sold. The longer the bank keeps a home on its books, the more detrimental it is to the bank's ability to borrow money. They must get rid of these burdens as quickly as possible and that is why you can purchase them at incredible savings.

Aside from the excellent opportunity to live in the Valley of the Sun, where sunny days are the rule year round, you will find Scottsdale attractive for a number of other compelling reasons. Consider the low cost of living that consistently beats out that of other major metro areas across the nation. And the Maricopa County schools are award-winning centers of excellence that consistently outperform other schools across the state and the nation.

Sitting adjacent to Phoenix, this Maricopa County city of about 218,000 has been described as South Beach West. It is a thriving city, both economically and socially. Tourism is a powerful force that drives the economy. Hotels and resorts are busy year round as people flock to Scottsdale for the golf, the scenic beauty and the gorgeous weather. Plus, the metro area has an amazing assortment of amusements and attractions like no other region. All these things add up to make Scottsdale a sought-after destination for tourists, business owners, parents of families and retirees alike.

No matter what your station in life, there is a fabulous option waiting for you. From single-family dwellings and starter homes to full-fledged estates and high-rise condos, Scottsdale has the perfect choice for your needs. Perfect home, perfect weather and a low-cost, high-quality lifestyle that others can only envy; that is Scottsdale, AZ!

Once you've settled into your new place, you will want to stop by the Kerr Cultural Center, located on the campus of Arizona State University, for some of the finest concerts and other musical events. Or, get a bird's eye view of the sun-soaked Sonoran Desert and its entire splendor with your own hot air balloon ride courtesy of Rainbow Ryders. Select from sunrise or sunset rides and thrill to the most breathtaking views you will ever witness, high above the mountains, canyons and desert valley.

Scottsdale is also host to the famous Scottsdale Art Walk, a special Thursday night event that puts you in the center of the many art shops, galleries and related boutiques located along the downtown stroll. There are demonstrations, exhibits and the opportunity to meet and greet the area's foremost artists and artisans. While downtown, stop in and visit the merchants at the Fifth Avenue Shops. This is affectionately referred to as Old Town Scottsdale and is a shopper's paradise.

Many available homes are immaculate, inside and out. You and your family can move right in as soon as the deal is closed and the keys are in your hand. But here's the bad news: the housing market is starting to rebound! As home values start to rise, you ability to save money on these bank owned homes for sale in Scottsdale AZ will fade away. Lock in your best price today, and as the market recovers you will benefit from the instant equity created as values climb back to normal levels. Why not make your selection today?

19 Scottsdale AZ Bank Owned Homes For Sale

MLS 5243580 42447 N 105TH Street, Scottsdale, AZ Scottsdale AZ Bank Owned
42447 N 105TH Street, Scottsdale, AZ $2,600,000
  • 4
    Beds
  • 6
    Baths
  • 7515
    SqFt
Welcome home to your luxurious retreat in the desert! This magnificent property high up in the Village of Seven Arrows at Desert ... View Full Details
Listing courtesy of: R.O.I. Properties ARMLS
MLS 5228509 11058 E Tamarisk Way, Scottsdale, AZ Scottsdale AZ Bank Owned
11058 E Tamarisk Way, Scottsdale, AZ $1,625,000
  • 5
    Beds
  • 9.5
    Baths
  • 8001
    SqFt
Apppraised at $2.2 million in January. Very aggressive price.Great opportunity on this cosmetic fix-up..Fine points include ... View Full Details
Listing courtesy of: Keller Williams Realty East Valley ARMLS
MLS 5277619 11125 E MARIOLA Way, Scottsdale, AZ Scottsdale AZ Bank Owned
11125 E MARIOLA Way, Scottsdale, AZ $1,254,900
  • 4
    Beds
  • 3.5
    Baths
  • 4578
    SqFt
Spectacular home in Apache Peak with magnificent panoramic mountain views and southwestern sunsets from your curved terrace. ... View Full Details
Listing courtesy of: Cerreta Real Estate ARMLS
MLS 5306193 15414 E CAVEDALE Drive, Scottsdale, AZ Scottsdale AZ Bank Owned
15414 E CAVEDALE Drive, Scottsdale, AZ $1,100,000
  • 4
    Beds
  • 6
    Baths
  • 5090
    SqFt
BANK OWNED and shows like NEW! Gorgeous custom home with ALL the upgrades you are looking for PLUS this unique subdivision of ... View Full Details
Listing courtesy of: Keller Williams Arizona Realty ARMLS
MLS 5258552 26340 N 82ND Street, Scottsdale, AZ Scottsdale AZ Bank Owned
26340 N 82ND Street, Scottsdale, AZ $610,000
  • 4
    Beds
  • 2.5
    Baths
  • 3596
    SqFt
Gorgeous estate in Scottsdale! This property has it all including a designer kitchen with built in fridge, large family room with ... View Full Details
Listing courtesy of: Real Home Services & Solutions ARMLS
MLS 5325885 10484 E ACACIA Drive, Scottsdale, AZ Scottsdale AZ Bank Owned
10484 E ACACIA Drive, Scottsdale, AZ $594,900
  • 4
    Beds
  • 3
    Baths
  • 2682
    SqFt
Great opportunity to purchase a home at auction! This Single Story home features an oversized lot with gorgeous mountain views ... View Full Details
Listing courtesy of: Cerreta Real Estate ARMLS
MLS 5256341 7168 E THIRSTY CACTUS Lane, Scottsdale, AZ Scottsdale AZ Bank Owned
7168 E THIRSTY CACTUS Lane, Scottsdale, AZ $499,000
  • 2
    Beds
  • 2.1
    Baths
  • 2423
    SqFt
Bright and open single story home in Terravita. This gorgeous home has it all! Beautiful wood cabinets throughout the entire ... View Full Details
Listing courtesy of: Real Home Services & Solutions ARMLS
MLS 5312969 20563 N 95th Street, Scottsdale, AZ Scottsdale AZ Bank Owned
20563 N 95th Street, Scottsdale, AZ $450,000
  • 3
    Beds
  • 2
    Baths
  • 1764
    SqFt
Do not miss opportunity to own property in desirable DC Ranch, gated community.This home has stunning views of Mc Dowel Mountain ... View Full Details
Listing courtesy of: Berkshire Hathaway HomeServices Arizona Properties ARMLS
MLS 5313505 7151 E RANCHO VISTA Drive Unit 4007, Scottsdale, AZ Scottsdale AZ Bank Owned
7151 E RANCHO VISTA Drive Unit 4007, Scottsdale, AZ $449,900
  • 2
    Beds
  • 2
    Baths
  • 1252
    SqFt
This is your chance to own a lovely 2 bed 2 bath luxury condo at the gorgeous Optima Camelview! You will enjoy the incredible ... View Full Details
Listing courtesy of: Carrington Real Estate Services (US), LLC ARMLS
MLS 5325871 7151 E RANCHO VISTA Drive Unit 4007, Scottsdale, AZ Scottsdale AZ Bank Owned
7151 E RANCHO VISTA Drive Unit 4007, Scottsdale, AZ $449,900
  • 2
    Beds
  • 2
    Baths
  • 1252
    SqFt
LUXURY LIVING AT ITS FINEST IN THE SPECTACULAR OPTIMA CAMELVIEW COMMUNITY. HOME HAS 2 BEDROOMS AND 2 BATHROOMS PLUS BONUS AREA ... View Full Details
Listing courtesy of: Cerreta Real Estate ARMLS
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