18443 E EL CORTEZ Place, Rio Verde, AZ 85263, Rio Verde, 85263 - 3 bed, 2 bath
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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 | $574,000* List Price | 3 | 2 | 1,745 | $495 | - |
A 18560 E HORSESHOE Bend Sold | $445,000 | 2 | 2 | 1,408 | $316 | 0.6 mi |
B 18420 E SIERRA VEREDA -- Active | $629,900 List Price | 2 | 2 | 1,681 | $375 | 0.2 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.
Move-in ready home on a rare, oversized and private cul-de-sac lot in the desirable Rio Verde active adult golf community. This well-maintained 3-bedroom, 2-bath home features vaulted ceilings, a cozy fireplace, and multiple sliding doors leading to a large wraparound covered patio that highlights the exceptionally private lot and outdoor living space. The kitchen includes granite countertops, stainless steel appliances, and a bright breakfast nook with patio access. Recent updates include luxury vinyl plank flooring, updated irrigation, and a newer water heater. The spacious primary suite offers dual sinks, soaking tub, separate shower, and walk-in closet. Located in Rio Verde, northeast of Scottsdale, an active 55+ golf community with abundant clubs, activities, and amenities. See more The expansive wraparound covered patio is a standout feature of the home, creating a wonderful space for outdoor dining, relaxing, and entertaining while enjoying the privacy of the oversized lot. Homes in Rio Verde rarely offer this much outdoor living space combined with such a large and private cul-de-sac lot, making the setting especially peaceful. Property Highlights: " Rare oversized and private cul-de-sac lot with mature desert landscaping " Large wraparound covered patio ideal for outdoor living and entertaining " Updated Luxury vinyl plank flooring " Vaulted ceilings and great room with fireplace " Granite countertops and stainless steel appliances " Updated irrigation system and newer water heater Rio Verde Community Lifestyle: " Rio Verde is a 55+ active adult community located northeast of Scottsdale in the scenic Sonoran Desert " Community amenities include a clubhouse, restaurant, community center, pool, spa, fitness room, library, and craft/art studio " Tennis and pickleball courts, plus many recreational spaces and community activities " Two 18-hole golf courses within the community (golf membership available separately) " Golf-cart-friendly neighborhood with quiet streets and beautiful desert surroundings " HOA includes access to most community amenities, with golf available as an optional membership " 30-day minimum rental requirement
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 3.0 | 50% |
| Baths | 2.0 | 3.0 | 38% |
| Square foot | 1,745 | 2,752.5 | 22% |
| Lot Size | 15,990 | 15,912 | 50% |
| Price | $574.0K | $680.5K | 41% |
| Price per sq ft | $329 | $322 | 50% |
| Built year | 1988 | 2001 | 25% |
| HOA | $5239 | $2.2K | 94% |
| Days on market | 53 | 1767 | 3% |
Mar 4, 2026
$574,000
Initial Listing