217 LEISURE WORLD --, Mesa, AZ 85206, Mesa, 85206 - 2 bed, 2 bath
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Mesa, AZ 85206
This Updated Adult Community Residence is a High-Potential Investment Opportunity, listed at $304,999—positioned well below the $442,900 Fair Market Value by 31%. This significant valuation gap offers $137,901 in Instant Equity. Featuring a Granite Kitchen, Vaulted Ceilings, and a Condition Rating of 3, the home is move-in ready with a private Arizona Room and greenbelt views. Located in the premier Leisure World community near the 9/10 rated Franklin Elementary, it perfectly balances lifestyle and wealth-building. This is an ideal acquisition for Owner-Occupants or Seasonal Retirees.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 217 LEISURE WORLD -- Subject | $304,999* List Price | 2 | 2 | 1,408 | $315 | - |
A 402 LEISURE WORLD -- Sold | $340,000 | 2 | 2 | 1,746 | $195 | 0.3 mi |
B 186 LEISURE WORLD -- Sold | $336,000 | 2 | 2 | 1,408 | $239 | 0.1 mi |
C 107 LEISURE WORLD -- Active | $249,999 List Price | 2 | 2 | 1,397 | $179 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and exceptionally well-maintained. Although built in 1974, the kitchen has been updated with granite countertops, recessed lighting, and newer cabinetry. The interior features vaulted ceilings and clean, neutral finishes. While some components like the louvered closet doors and certain appliances are dated, the overall condition shows minimal wear and tear, meeting the criteria for a well-maintained, updated home.
Elementary School: Franklin Elementary School (9/10).
Situated in the highly sought-after Leisure World adult community, the property offers access to exceptional amenities tailored for an active and social lifestyle.
The home features significant upgrades including granite countertops, vaulted ceilings, and a skylight, providing a contemporary feel that stands out in this vintage.
The monthly association fee of $642 is substantial and may be a deterrent for buyers sensitive to recurring carrying costs.
Built in 1974, the home may have underlying infrastructure or systems nearing the end of their functional lifespan, potentially requiring future capital improvements.
Welcome to this lovingly well-cared-for 2-bedroom townhome situated in the desirable adult Community of Leisure World! Discover the large open floor plan that flows effortlessly throughout, highlighted by vaulted ceilings, neutral tone, and tons of natural light. The kitchen comes with a skylight, abundant cabinetry, built-in appliances, granite counters, and recessed lighting. Impeccable primary bedroom provides a comfortable retreat with plush carpet, Arizona room access, and a private bathroom, bringing convenience to your everyday routine. Fantastic Arizona room adds extra space, ideal for entertaining or relaxing year-round. PLUS! Exceptional Community amenities await. What's not to like? This rare gem won't last!
No exterior & parking available.
Grades PK-6 • 1.5 mi
Grades PK-6 • 2.1 mi
Grades K-6 • 6.2 mi
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 | 1,408 | 1,120 | 82% |
| Lot Size | 1,735 | 1,380 | 77% |
| Price | $305.0K | $209.5K | 77% |
| Price per sq ft | $217 | $209 | 50% |
| Built year | 1974 | 1985 | 14% |
| HOA | $642 | $197 | 86% |
| Days on market | 19 | 2354 | 5% |
Apr 3, 2026
$304,999
Initial Listing