15848 E JERICHO Drive, Fountain Hills, AZ 85268, Fountain Hills, 85268 - 5 bed, 4 bath
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Fountain Hills, AZ 85268
This Multi-Generational Territorial Home is a Strong Value Opportunity, listed at $985,000—positioned above the $942,017 Fair Market Value by 4%. While priced slightly above market, the property offers significant lifestyle value through its sweeping mountain and fountain views, resort-style pool, and dual-kitchen layout. With a Fair Condition Rating, the home provides a solid foundation for cosmetic modernization to drive future appreciation. This unique configuration is an ideal acquisition for Owner-Occupants seeking multi-generational living or Buy-and-Hold Investors targeting high-end rental demand.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 15848 E JERICHO Drive Subject | $975,000* List Price | 5 | 4 | 3,372 | $286 | - |
A 16001 E IRONWOOD Drive Sold | $900,000 | 4 | 3 | 3,463 | $260 | 0.4 mi |
B 16001 E IRONWOOD Drive Sold | $900,000 | 4 | 3 | 3,463 | $260 | 0.4 mi |
C 15857 E PONDEROSA Drive Sold | $1,267,500 | 5 | 3 | 4,066 | $312 | 0.4 mi |
D 15857 E PONDEROSA Drive Sold | $1,267,500 | 5 | 3 | 4,066 | $312 | 0.4 mi |
E 15851 E PRIMROSE Drive Pending | $925,000 List Price | 3 | 3 | 3,027 | $306 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1996 (28 years old). While it features fresh paint and updated wood-look flooring in the bedrooms, the kitchen and bathrooms remain dated with older cabinetry and tile surfaces. It is functional and well-maintained but falls into the Fair category due to its age and the need for cosmetic updates to the primary systems and living areas.
The property offers sweeping, unobstructed vistas of Four Peaks and the iconic Fountain Hills fountain, providing significant aesthetic value and premium market appeal.
With primary suites on both the upper and lower levels plus a second kitchen downstairs, the home is perfectly configured for extended families, live-in care, or high-end guest hosting.
The backyard serves as a private oasis featuring a large pool, outdoor shower, and multiple view decks, all complemented by fresh exterior paint and lush, mature landscaping.
While the home features fresh paint, the 1996 construction suggests that original cabinetry, flooring, or major mechanical systems may require modernization to meet current luxury standards.
The split-level design requires frequent use of stairs to access the various living zones and dual kitchens, which may limit appeal for buyers seeking single-story accessibility.
Experience elevated desert living in this stunning Territorial-style home with SWEEPING VIEWS of Four Peaks and the iconic Fountain Hills FOUNTAIN. Designed for multi-generational living & effortless hosting, this floor plan features primary suites on both upper & lower levels, plus 3 additional bedrooms & a 2nd downstairs kitchen. Soaring ceilings, natural light, a fireplace, FRESH PAINT INSIDE & OUT and dual balconies create an inviting atmosphere throughout. Enjoy covered patios, VIEW DECKS with direct mountain and fountain vistas, & a resort-style backyard complete with large pool, outdoor shower, lush MATURE LANDSCAPING, & exceptional outdoor living spaces. Conveniently located just minutes from Starbucks, restaurants, grocery stores, shopping, and everyday amenities.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 4.0 | 0.0 |
| Square foot | 3,372 | - |
| Lot Size | 12,510 | - |
| Price | $975.0K | $909.7K |
| Price per sq ft | $289 | $371 |
| Built year | 1996 | 0 |
| HOA | $0 | $0 |
| Days on market | 49 | 2691 |
Jul 2, 2026
$975,000
$985,000
-1% Price Drop
Initial Listing
Jun 4, 2026
$985,000
Initial Listing