16308 E ARROW Drive 114, Fountain Hills, AZ 85268, Fountain Hills, 85268 - 2 bed, 2 bath
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Fountain Hills, AZ 85268
This Ground-Floor Condominium is a Strong Value Opportunity, listed at $330,000—positioned well below the $355,406 Fair Market Value by 7%. This valuation gap provides $25,406 in Instant Equity for buyers. Featuring a Fair Condition Rating, the home offers accessible single-level living with no interior steps, a private one-car garage, and a solar-heated pool. Located within walking distance of the iconic fountain and near Fountain Hills High School (Rating 7), it balances lifestyle convenience with appreciation potential. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking a low-maintenance desert retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16308 E ARROW Drive 114 Subject | $330,000* List Price | 2 | 2 | 1,150 | $309 | - |
A 16357 E Arrow Drive 5-101 Sold | $320,000 | 2 | 2 | 969 | $330 | 0.2 mi |
B 13700 N FOUNTAIN HILLS Boulevard 239 Sold | $345,000 | 2 | 2 | 1,197 | $288 | 0.3 mi |
C 16510 E PALISADES Boulevard 2 Sold | $259,900 List Price | 3 | 2 | 1,105 | 0.3 mi | |
D 14412 N BOXWOOD Lane Sold | $235,000 List Price | 2 | 2 | 967 | 0.7 mi | |
E 14214 N GALATEA Drive N B Sold | $425,000 List Price | 3 | 2 | 1,417 | 0.5 mi | |
F 13700 N FOUNTAIN HILLS Boulevard 235 Active | $275,000 List Price | 2 | 2 | 1,108 | $248 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, this property is well-maintained and move-in ready but shows significant signs of its original era. While the flooring has been updated to remove all carpet in favor of tile and laminate, the bathrooms and kitchen features—such as the oak-style cabinetry, laminate countertops, and basic light bars—reflect the original construction standards. The property fits the 'fair' category as it has been preserved through regular upkeep but lacks the modern renovations required for a 'good' or 'excellent' rating.
This ground-floor unit offers true single-level living with no interior steps and a private one-car garage featuring direct home access, ideal for those prioritizing mobility and ease of entry.
Perfectly situated in the heart of Fountain Hills, the property is within walking distance to the iconic fountain, local shopping, dining, and community parks, offering a highly desirable lifestyle.
The interior features no carpet for easy cleaning, while the community provides a solar-heated pool, making this an excellent choice for a lock-and-leave seasonal home or a low-effort investment.
Built in 1998, the property may require cosmetic updates or appliance upgrades to compete with newer or fully renovated units in the area.
While the unit includes a private patio, the outdoor space is compact, which may not appeal to buyers seeking a larger yard or significant private gardening area.
Light, bright, and beautifully maintained, this ground-floor condo offers easy single-level living with a private one-car garage and convenient direct access into the home. With no interior steps and no carpet throughout, you'll enjoy low-maintenance comfort and effortless everyday living. The spacious kitchen features abundant cabinetry and generous counter space, providing both functionality and room to gather. The open living area flows naturally to the private outdoor patio, creating an inviting indoor-outdoor setting perfect for relaxing or entertaining. Smart design and an efficient layout maximize space while maintaining a warm, welcoming feel. Residents enjoy a sparkling, solar-heated community pool that's ideal for enjoying Arizona's sunshine year-round. Ideally situated in the heart of Fountain Hills, this home is just a short walk to shopping, dining, parks, and the iconic fountain, with golf and community events nearby. Whether you're looking for a full-time residence, seasonal escape, or investment property, this well-located condo offers exceptional lifestyle appeal.
No exterior & parking available.
Grades PK-3 • 0.5 mi
Grades 4-5 • 1.1 mi
Grades 6-8 • 1.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,150 | 1,150 | 50% |
| Lot Size | 119 | 240 | 41% |
| Price | $330.0K | $0 | 77% |
| Price per sq ft | $287 | $0 | 69% |
| Built year | 1998 | 1994 | 64% |
| HOA | $350 | $260 | 82% |
| Days on market | 36 | 2234 | 3% |
Mar 18, 2026
$330,000
Initial Listing