
Rio Verde, AZ 85263
This Spacious Active Adult Residence is a High-Potential Investment Opportunity, listed at $574,000—positioned well below the $864,382 Fair Market Value by 33%. This significant valuation gap offers $290,382 in Instant Equity. The home maintains a Move-in Ready Condition Rating, featuring Luxury Vinyl Plank Flooring, Granite Countertops, and a rare Oversized Cul-de-Sac Lot with Mountain Views. Located in the premier Rio Verde 55+ golf community, it balances lifestyle luxury with massive financial upside. This 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 |
|---|---|---|---|---|---|---|
★ 18443 E EL CORTEZ Place Subject | $573,000* List Price | 3 | 2 | 1,745 | $328 | - |
A 18560 E HORSESHOE Bend Sold | $445,000 | 2 | 2 | 1,408 | $316 | 0.6 mi |
B 26224 N AVENIDA DEL RAY -- Active | $459,000 List Price | 3 | 2 | 1,967 | $233 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring significant recent updates such as luxury vinyl plank flooring, granite countertops, and stainless steel appliances. Although the 1988 construction is evident in the original honey-oak cabinetry and popcorn ceilings, the home is clean, functional, and requires no immediate renovations for occupancy.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15990, living area = 1745.
Situated on a rare, oversized 15,990 sq. ft. private lot, the property features an expansive wraparound covered patio that offers exceptional outdoor living space and privacy.
Located in the desirable Rio Verde 55+ community, residents enjoy access to world-class amenities including two golf courses, a clubhouse, pickleball, and a full social calendar.
The association fee of $5,239 represents a substantial recurring ownership cost that may impact the overall affordability for some buyers.
Built in 1988, the home may still feature some original architectural elements or systems that lack the efficiency and design standards of more modern constructions.
Some lots in Rio Verde are just lots. This one is a private sanctuary. Tucked at the end of a quiet cul-de-sac -- no through traffic, just neighbors who chose to be here -- this beautifully maintained 3 bed/2 bath home sits on an oversized 0.37-acre lot with something rare in this community: a massive wraparound covered patio that transforms outdoor living into the centerpiece of your day. Morning coffee, afternoon shade, evening entertaining -- all wrapped in privacy and mature desert landscaping. Inside: vaulted ceilings, a cozy fireplace, granite kitchen, LVP flooring, skylight & 2-car garage with cabinets. All appliances included. Move-in ready. All within Rio Verde -- a beloved 55+ community NE of Scottsdale with two golf courses, golf-cart streets, pool, pickleball & more. This is the home for the buyer who knows what they want -- outdoor space, genuine privacy, and a layout that works beautifully for this chapter of life. The single-level design includes zero-grade entry, wide hallways, and finishes chosen for ease and comfort -- the kind of thoughtful details that matter now and will matter even more later. The spacious primary suite offers dual sinks, a soaking tub, separate shower, and walk-in closet. The kitchen features granite countertops, stainless steel appliances, and a bright breakfast nook with direct patio access -- so your morning starts outside if you want it to. Updated luxury vinyl plank flooring flows through the main living areas. Newer water heater and updated irrigation system mean the big maintenance items are already handled. Security system owned. And then there's the patio. The wraparound covered outdoor space is genuinely rare in Rio Verde -- most homes simply don't have a lot this size or this private. Whether it's morning coffee, afternoon shade, or an evening with friends, this is where life happens on El Cortez Place. Rio Verde Community Highlights: -- Two 18-hole golf courses (optional membership) -- Golf-cart-friendly neighborhood streets -- Clubhouse, restaurant, pool & heated spa -- Fitness center, library, craft & art studio -- Tennis & pickleball courts -- Biking & walking paths -- HOA covers cable TV, grounds, street maintenance & trash -- Active social calendar with clubs and community events This is the lifestyle. This is the lot. This is the one.
No exterior & parking available.
Grades 4-5 • 6.8 mi
Grades PK-3 • 7.4 mi
Grades K-6 • 15.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,745 | - |
| Lot Size | 15,990 | - |
| Price | $573.0K | $772.5K |
| Price per sq ft | $328 | $358 |
| Built year | 1988 | 0 |
| HOA | $5239 | $0 |
| Days on market | 141 | 2410 |
Jun 27, 2026
$573,000
$572,000
+0% Price Increase
Initial Listing
Jun 6, 2026
$572,000
$570,000
+0% Price Increase
Initial Listing
May 2, 2026
$570,000
$573,000
-1% Price Drop
Initial Listing
Apr 25, 2026
$573,000
$574,000
+0% Price Increase
Initial Listing
Mar 4, 2026
$574,000
Initial Listing