18649 E MCDOWELL MOUNTAIN Drive, Rio Verde, AZ 85263, Rio Verde, 85263 - 3 bed, 3 bath
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Rio Verde, AZ 85263
This property presents a High-Potential Investment Opportunity with a List Price of $765,000—positioned well below the $784,430 Fair Market Value by 2%. This valuation gap offers $19,430 in Instant Equity. Featuring a Fair Condition Rating, the home offers significant modernization potential for its 3-bedroom, 3-bathroom layout. With panoramic mountain and golf course views, a rooftop deck, and a private pool, this is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a resort-style lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18649 E MCDOWELL MOUNTAIN Drive Subject | $745,000* List Price | 3 | 3 | 2,918 | $266 | - |
A 18501 E AVENIDA DEL RAY -- Sold | $560,000 | 3 | 3 | 2,513 | $223 | 0.6 mi |
B 18738 E BUCKSKIN Drive Pending | $890,000 List Price | 3 | 3 | 3,216 | $277 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1992 (34 years old), the property appears to be in well-maintained but original condition. The interior features dated oak cabinetry, 90s-style tile, and blue carpeting consistent with the year of construction. While functional and move-in ready, the kitchen, bathrooms, and fixtures require modernization to meet current market standards, fitting the 'Fair' criteria for properties over 20 years old that are dated.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 20927, living area = 2918.
The property is ideally situated on the 10th and 11th holes of a championship golf course, providing expansive fairway views and a prestigious resort-style atmosphere.
A standout rooftop deck and private backyard oasis offer panoramic mountain views and sunset vistas, perfectly catering to Arizona's indoor-outdoor lifestyle.
The association fee of $2,465 represents a significant recurring carrying cost that may be a deterrent for budget-conscious buyers or those seeking lower overhead.
The property is located a considerable distance from local schools, with the nearest elementary over 6 miles away and high schools nearly 17 miles away, potentially impacting its appeal to families.
Priced below recent appraisal value, presenting an exceptional opportunity for buyers seeking immediate equity and long term value in today's market. Welcome to this inviting 3-bedroom, 3-bathroom residence offering approximately 2,918 square feet of comfortable living space, perfectly positioned along the scenic fairways of Rio Verde's championship golf course. Overlooking the picturesque 10th and 11th holes, this home captures breathtaking golf course views paired with the natural beauty of the surrounding desert landscape. Designed to embrace Arizona's indoor-outdoor lifestyle, the property offers spacious living areas, abundant natural light, and a tranquil setting that feels both private and connected to the community's resort-style atmosphere. Inside, spacious living areas, vaulted ceilings, and expansive windows invite natural light while seamlessly connecting indoor and outdoor living. Step outside to enjoy the private backyard oasis or head up to the rooftop deck, where panoramic mountain views and unforgettable Arizona sunsets provide the perfect setting for morning coffee or evening gatherings. Residents enjoy access to Rio Verde's exceptional community amenities, including two championship golf courses, a beautiful community center, fitness facilities, tennis and pickleball courts, heated pools and spas, walking trails, clubhouse dining, and a vibrant calendar of social activities designed for an active lifestyle. Whether you are searching for a full-time residence or seasonal retreat, this home offers the ideal combination of comfort, scenery, and resort-style living in one of Arizona's premier golf communities.
No exterior & parking available.
Grades 4-5 • 6.3 mi
Grades PK-3 • 6.9 mi
Grades K-6 • 15.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,918 | - |
| Lot Size | 20,927 | - |
| Price | $745.0K | $772.5K |
| Price per sq ft | $255 | $358 |
| Built year | 1992 | 0 |
| HOA | $2465 | $0 |
| Days on market | 70 | 2410 |
Jun 10, 2026
$745,000
$765,000
-3% Price Drop
Initial Listing
May 14, 2026
$765,000
Initial Listing