
Mesa, AZ 85202
This Turnkey Waterfront Residence represents a Prime Investment Opportunity, listed at $1,050,000—positioned well below the $1,072,972 Fair Market Value by 2%. This valuation gap provides $22,972 in Instant Equity. Featuring a Mint Condition Rating, the home includes a modernized kitchen, panoramic lake views, and a newly plastered pool. Located in the desirable Dobson Ranch community, it offers a resort-style lifestyle. This property is an ideal acquisition for Owner-Occupants seeking luxury or Buy-and-Hold Investors prioritizing high-quality, move-in-ready assets.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2451 S GAUCHO Subject | $1,000,000* List Price | 4 | 2 | 2,349 | $425 | - |
A 2457 S EL DORADO -- Pending | $750,000 List Price | 4 | 2 | 2,466 | $304 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone a comprehensive high-end renovation within the last 5 years, featuring a brand new roof, windows, and pool systems. The interior is in mint condition with a completely modernized kitchen, luxury bathrooms with premium fixtures, and updated flooring throughout, requiring no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 13730, living area = 2349.
Elementary School: Franklin at Brimhall Elementary School (9/10).
Situated on a rare lakefront lot in the desirable Dobson Ranch community, this property offers exceptional water views and a resort-style backyard with a newly plastered pool.
While elementary options are strong, the assigned junior high and high schools carry lower ratings (2/10 and 4/10 respectively), which may impact appeal for families prioritizing education.
Despite the thorough cosmetic and mechanical remodel, the 1978 original construction may still feature older underlying plumbing or electrical components compared to a contemporary build.
Rare lakefront opportunity in the highly sought-after Dobson Ranch community! Welcome to 2451 S Gaucho, a beautifully remodeled waterfront home offering stunning lake views, modern upgrades, and a backyard designed for Arizona living. Step inside to discover a completely updated interior featuring a gorgeous new kitchen with a large center island and oversized 36'' range, perfect for entertaining and everyday living. The open layout flows seamlessly into the living spaces, while the impressive 12 ft panoramic sliding glass door floods the home with natural light and frames breathtaking lake views. The owner's didnt skip a beat with this renovation. With brand new Roof, Windows, Garage doors with camera Openers interior and exterior doors, paint flooring, pools plaster, pool equipment The list goes on with this home. You don't want to miss this one. The spacious primary suite serves as a private retreat, complete with a luxurious remodeled bathroom featuring an oversized walk-in shower with dual shower heads. Thoughtful updates throughout the home create a fresh, modern feel while maintaining warmth and comfort. Step outside and experience true Arizona resort-style living. Enjoy your sparkling pool, expansive lake views, and the peaceful setting that only waterfront living can provide. Whether you're enjoying your morning coffee by the water, hosting friends and family, or taking in the sunset over the lake, this backyard is designed to be enjoyed year-round. Located within Dobson Ranch, residents enjoy access to community lakes, parks, walking paths, tennis courts, pickleball courts, swimming pools, and an abundance of recreational amenities. Beautifully updated and ideally positioned on the water, this move-in-ready home offers a rare opportunity to own one of Mesa's most desirable lakefront properties.
No exterior & parking available.
Grades K-6 • 1.0 mi
Grades PK-6 • 1.8 mi
Grades K-6 • 4.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,349 | - |
| Lot Size | 13,730 | - |
| Price | $1.00M | $476.2K |
| Price per sq ft | $426 | $271 |
| Built year | 1978 | 0 |
| HOA | $176 | $0 |
| Days on market | 33 | 2611 |
Jul 16, 2026
$1,000,000
$1,050,000
-5% Price Drop
Initial Listing
Jun 19, 2026
$1,050,000
Initial Listing