18809 E AVENIDA DEL RAY --, Rio Verde, AZ 85263, Rio Verde, 85263 - 3 bed, 2 bath
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Rio Verde, AZ 85263
This Renovated Golf Course Residence is a High-Potential Investment Opportunity with a List Price of $765,000—positioned well below the $986,813 Fair Market Value by 22%. This significant valuation gap offers $221,813 in Instant Equity for the incoming buyer. The property maintains a Good Condition Rating following extensive capital improvements, including a new roof, HVAC system, and flooring. Boasting panoramic Sonoran Desert views and a turnkey "lock-and-leave" layout, this home balances lifestyle luxury with analytical upside. It is an ideal acquisition for Owner-Occupants seeking immediate wealth or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 18809 E AVENIDA DEL RAY -- Subject | $765,000* List Price | 3 | 2 | 2,363 | $418 | - |
A 18619 E PICACHO Road Sold | $898,000 | 3 | 2 | 2,559 | $351 | 0.8 mi |
B 26601 N AGUILA Road Sold | $910,000 | 3 | 4 | 3,000 | $303 | 0.9 mi |
C 18641 E MCDOWELL MOUNTAIN Drive Sold | $630,000 | 4 | 3 | 2,653 | $237 | 0.5 mi |
D 19057 E ALONDRA Way Active | $675,000 List Price | 3 | 3 | 2,628 | $257 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant recent capital improvements, including a brand-new roof, new HVAC system, new flooring, and fresh interior paint. While the kitchen features updated high-end stainless steel appliances and a contemporary tile backsplash, the cabinetry retains its original 1997 arched-panel style. The home is well-maintained and functional, but because it has not undergone a full aesthetic modernization of the cabinetry and bathrooms to current luxury standards, it fits the 'Good' criteria.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 15283, living area = 2363.
The property features a brand-new roof, new HVAC system, new flooring, and fresh interior paint, significantly reducing immediate capital expenditure and maintenance concerns for the buyer.
Boasting panoramic views of the golf course and the Sonoran Desert, the home offers a high-value aesthetic and a tranquil atmosphere that is highly sought after in the Rio Verde community.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
The property is situated a considerable distance from local schools, with the nearest elementary and middle schools over 6 miles away and the high school nearly 17 miles away, which may be inconvenient for families.
The association fee of $2,560 represents a significant recurring carrying cost that may impact the overall affordability and appeal for budget-conscious purchasers.
Here's your chance to experience the best of desert living in the highly sought-after golf community of Rio Verde! This stunning lock-&-leave home offers breathtaking panoramic golf course views paired w/ the natural beauty & tranquility of the Sonoran Desert. Designed for both comfort & convenience, the home features a brand-new roof, new HVAC system, new flooring, new paint inside entire home & high-end appliances, providing peace of mind & modern luxury from day one. Light-filled living spaces & seamless indoor-outdoor flow make it perfect for entertaining or simply relaxing while taking in the spectacular desert sunsets. Perfectly positioned in the heart of Rio Verde, you'll enjoy being just minutes from everything the club has to offer, including golf, dining, fitness & an active social lifestyle! Whether you're seeking a seasonal retreat or a full-time residence, this low-maintenance home delivers the ideal blend of elegance, comfort & carefree living. Don't miss this opportunity to own a slice of paradise in one of Arizona's most desirable golf communities!
No exterior & parking available.
Grades 4-5 • 6.7 mi
Grades PK-3 • 7.4 mi
Grades K-6 • 15.7 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 | 2,363 | 2,752.5 | 34% |
| Lot Size | 15,283 | 15,783 | 47% |
| Price | $765.0K | $726.5K | 50% |
| Price per sq ft | $324 | $320 | 50% |
| Built year | 1997 | 2001 | 41% |
| HOA | $2560 | $2.2K | 59% |
| Days on market | 46 | 1767 | 3% |
Mar 11, 2026
$765,000
Initial Listing