27820 N LUCERO Drive, Rio Verde, AZ 85263, Rio Verde, 85263 - 3 bed, 3 bath
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Rio Verde, AZ 85263
This Southwest Territorial home represents a Strong Value Opportunity, listed at $975,000—positioned above the $890,849 Fair Market Value by 9%. While currently in Fair Condition due to its original 1998 interiors, the property offers significant upside through modernization. Featuring an oversized 26,559 sq. ft. lot and panoramic golf course views, this asset provides a rare canvas for luxury customization. Its resort-style location in Tonto Verde makes it an ideal acquisition for Value-Add Investors or Owner-Occupants seeking a premier golf community lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 27820 N LUCERO Drive Subject | $950,000* List Price | 3 | 3 | 3,078 | $322 | - |
A 18525 E PICACHO Road Sold | $1,190,000 | 3 | 3 | 3,343 | $356 | 0.7 mi |
B 26601 N AGUILA Road Sold | $910,000 | 3 | 4 | 3,000 | $303 | 0.8 mi |
C 27902 N AGUA VERDE Drive Active | $1,020,000 List Price | 2 | 3 | 2,906 | $351 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, this 28-year-old property is well-maintained but remains in mostly original condition. The kitchen and bathrooms feature dated oak cabinetry, tile countertops, and gold-tone fixtures typical of the late 90s. Per the criteria, homes over 20 years old with dated interiors requiring updates are classified as Fair.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 26559, living area = 3078.
Situated in the prestigious Tonto Verde Golf Club, the property offers exceptional panoramic views of the championship course, mountains, and Arizona sunsets.
At over 26,000 square feet, this oversized lot provides significant privacy and space for outdoor luxury living compared to standard golf community parcels.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 3078, other record living area = 3492.
Built in 1998 and marketed as a 'huge opportunity,' the home likely requires cosmetic or mechanical updates to meet modern luxury standards.
With the nearest schools located between 8 and 16 miles away, the location is less convenient for families prioritizing proximity to educational facilities.
PRICED TO SELL! HUGE OPPORTUNITY to own this Southwest Territorial home on Huge lot in the prestigious Tonto Verde Golf Club community. Timeless Southwestern design & exceptional craftsmanship, offering breathtaking panoramic views of the championship golf course, surrounding mountains & gorgeous Sunsets. Enjoy an active resort-style, adult lifestyle complete w/championship golf, pickleball courts, fine dining, social clubs, & world class entertainment. Whether relaxing on the expansive patio or entertaining guests, this home captures the essence of luxury desert living. With its prime location, spacious lot & incredible views, this exceptional property is priced to sell Today & presents a rare opportunity to own in one of Arizona's premier golf course communities THIS ONE WON'T LAST!
No exterior & parking available.
Grades 4-5 • 8.0 mi
Grades PK-3 • 8.6 mi
Grades K-6 • 15.1 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 3,078 | - |
| Lot Size | 26,559 | - |
| Price | $950.0K | $772.5K |
| Price per sq ft | $309 | $358 |
| Built year | 1998 | 0 |
| HOA | $2731 | $0 |
| Days on market | 69 | 2410 |
Jul 2, 2026
$950,000
$975,000
-3% Price Drop
Initial Listing
May 15, 2026
$975,000
Initial Listing