12050 N Panorama Drive 209, Fountain Hills, AZ 85268, Fountain Hills, 85268 - 2 bed, 2 bath
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Fountain Hills, AZ 85268
This Top-Floor View Condominium represents a High-Potential Investment Opportunity, listed at $298,500—positioned well below the $341,718 Fair Market Value by 12%. This valuation gap delivers $43,218 in Instant Equity. Maintaining a Good Condition Rating with new carpet and paint, the residence offers mountain and fountain views and prime proximity to Fountain Park. Served by Fountain Hills High School (Rating 7), this asset perfectly balances lifestyle amenities with significant financial upside. It is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 12050 N Panorama Drive 209 Subject | $275,000* List Price | 2 | 2 | 1,204 | $228 | - |
A 12012 N SAGUARO Boulevard 5 Sold | $330,000 List Price | 2 | 2 | 1,200 | 0.3 mi | |
B 17031 E EL LAGO Boulevard 2145 Sold | $199,750 List Price | 2 | 2 | 864 | 0.1 mi | |
C 13636 N SAGUARO Boulevard 203 Sold | $218,000 | 2 | 2 | 912 | $239 | 0.9 mi |
D 12050 N PANORAMA Drive 107 Active | $324,900 List Price | 2 | 2 | 1,204 | $270 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition and aligns with the 20-year age bracket for a 'good' rating. It features recent cosmetic updates including new carpet and fresh paint throughout. The kitchen is well-maintained with stainless steel appliances and dark wood cabinetry, and while the finishes appear original to the 2005 construction, they show minimal wear and tear. The overall infrastructure and community amenities appear well-kept with no signs of deferred maintenance.
Situated just a half-mile from Fountain Park, this property offers exceptional walkability to local recreation, dining, and the iconic fountain in the heart of Fountain Hills.
As a top-floor, single-level unit, the condo provides elevated mountain and wash views, offering a sense of privacy and tranquility within a small 16-unit community.
The interior has been recently refreshed with brand-new carpet and paint, complemented by desirable features like a walk-in pantry, in-unit laundry, and a private garage space.
The monthly association fee of $440 is relatively high for this price point, which may impact the overall affordability and monthly carrying costs for some buyers.
With only one dedicated garage space for a two-bedroom unit, parking could be a constraint for households with multiple vehicles or frequent guests.
Great opportunity in the heart of Fountain Hills! Best value in the zip code for a 2 bed/2 bath condo with a garage. This top floor unit on one level, has views, with new carpet, paint, washer/dryer and dishwasher! A perfect investment, primary residence or vacation property. Only a 1/2 mile walk, run or bike ride to Fountain Park. Lounge by the pool and enjoy fountain, mountain and wash views. Walk-in kitchen pantry, walk-in master closet, in unit laundry, 1 garage space and covered balcony.
No exterior & parking available.
Grades PK-3 • 1.8 mi
Grades 4-5 • 2.1 mi
Grades 6-8 • 2.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,204 | - |
| Lot Size | 1,207 | - |
| Price | $275.0K | $260.5K |
| Price per sq ft | $228 | $267 |
| Built year | 2005 | 0 |
| HOA | $440 | $0 |
| Days on market | 157 | 2314 |
Apr 25, 2026
$275,000
$298,500
-8% Price Drop
Initial Listing
Feb 16, 2026
$298,500
Initial Listing