
Fountain Hills, AZ 85268
This Sophisticated Downtown Fountain Hills Condo is a Turnkey Residential Sanctuary listed at $398,000. While the price sits above the $358,696 Fair Market Value, the valuation reflects a complete commercial-to-residential conversion and its status as a fully furnished, income-generating property. Boasting an Excellent Condition Rating, the interior showcases a modern open floor plan with high-end fixtures and sweeping mountain views. Located steps from Fountain Park, this home offers a premier walkable lifestyle. It is an ideal match for Short-Term Rental Investors or Snowbirds.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 16622 E AVENUE OF THE FOUNTAIN -- 200 Subject | $398,000* List Price | 2 | 2 | 968 | $371 | - |
A 16525 E Avenue of the Fountains -- 112 Sold | $430,000 | 2 | 2 | 1,190 | $361 | 0.2 mi |
B 13700 N FOUNTAIN HILLS Boulevard 239 Sold | $345,000 | 2 | 2 | 1,197 | $288 | 0.7 mi |
C 16714 E GUNSIGHT Drive 137 Active Under Contract | $350,000 List Price | 2 | 2 | 1,017 | $344 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This property has undergone a complete commercial-to-residential conversion and extensive renovation within the last 5 years. The interior features a modern open floor plan with high-end finishes, including a fully updated kitchen with stainless steel appliances, contemporary bathrooms with marble-style tiling and glass enclosures, and new wood-look flooring throughout. While the building dates to 1986, the unit's systems, fixtures, and surfaces are virtually new and meet current luxury standards.
Situated in the absolute heart of downtown Fountain Hills, this property offers an unbeatable walkable lifestyle just steps from Fountain Park, local festivals, dining, and shopping.
Sold fully furnished and currently operating as an active VRBO with bookings in place, the property provides immediate cash flow and a seamless transition for short-term rental investors.
Originally a commercial space, the unit has been completely reimagined into a residential sanctuary featuring a modern open floor plan, high-end fixtures, and sweeping mountain views.
The property relies on a shared laundry room within the building rather than having private in-unit laundry, which may be a drawback for some long-term residents.
As a reimagined commercial space, the unit may lack some traditional residential building amenities or architectural nuances found in purpose-built condominium complexes.
Whether you are seeking a stunning primary residence, a carefree snowbird retreat, or a high-performing short-term rental, this Downtown Fountain Hills condo delivers the ultimate in flexible living. Situated in the absolute heart of town, this beautifully renovated property places you just steps from the famous Fountain Park, vibrant local festivals, dining, and shopping for an unbeatable walkable lifestyle. Originally a commercial space, the unit has been completely reimagined into a sophisticated 1,000-square-foot residential sanctuary that showcases a modern open floor plan and sweeping mountain views. Sold fully furnished and move-in ready, the interior impresses with high-end fixtures and a fully equipped kitchen that flows seamlessly into the spacious living area. The thoughtful layout features two bedrooms configured with King and Queen beds, along with two full bathrooms, including a private primary ensuite. With convenient building amenities like elevator access, ample parking, a shared laundry room, and a lower-level relaxation patio, this is the ideal lock-and-leave property. Currently operating as an active VRBO with bookings already in place, it offers immediate cash flow for investors. For those looking to scale their real estate portfolio, we have additional units available in this building, presenting a rare opportunity to acquire multiple income-generating properties in a prime Arizona location.
No exterior & parking available.
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 | 968 | 1,140 | 26% |
| Lot Size | 968 | 240 | 69% |
| Price | $398.0K | $0 | 79% |
| Price per sq ft | $411 | $0 | 90% |
| Built year | 1986 | 1987 | 49% |
| HOA | $225 | $257 | 28% |
| Days on market | 112 | 2234 | 3% |
Jan 1, 2026
$398,000
Initial Listing