286 LEISURE WORLD --, Mesa, AZ 85206, Mesa, 85206 - 3 bed, 2 bath
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Mesa, AZ 85206
This Renovated Active Adult Residence is a High-Potential Investment Opportunity, listed at $399,900—positioned well below the $587,508 Fair Market Value by 31%. This valuation gap offers $187,608 in Instant Equity. Boasting an Excellent Condition Rating, the home features a remodeled quartz kitchen, wood-look tile, and a fountain view. Situated in the premier Leisure World community near Franklin Elementary (9/10), it balances luxury living with significant equity. It is perfectly suited for Owner-Occupants or Buy-and-Hold Investors seeking a high-value asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 286 LEISURE WORLD -- Subject | $399,900* List Price | 3 | 2 | 1,708 | $344 | - |
A 402 LEISURE WORLD -- Sold | $340,000 | 2 | 2 | 1,746 | $195 | 0.2 mi |
B 186 LEISURE WORLD -- Sold | $336,000 | 2 | 2 | 1,408 | $239 | 0.4 mi |
C 104 Leisure World -- 104 Pending | $310,000 List Price | 3 | 2 | 1,754 | $177 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone an extensive recent renovation within the last 5 years, featuring a completely remodeled kitchen with quartz countertops, new wood-look tile flooring throughout, and the removal of popcorn ceilings. Major maintenance items like the roof were addressed in 2023, and the interior finishes meet modern quality standards, making it move-in ready with no deferred maintenance.
Elementary School: Franklin Elementary School (9/10).
The property is move-in ready featuring high-end updates including quartz countertops, wood-look tile flooring throughout, and the removal of popcorn ceilings for a contemporary aesthetic.
Located in the Leisure World active adult community, residents have access to 36 holes of golf, tennis, pickleball, swimming pools, and a state-of-the-art fitness center.
The monthly association fee of $652 is relatively high, which could impact the overall affordability and appeal for buyers on a fixed income.
Originally built in 1974, the home may have aging underlying infrastructure or systems that require ongoing maintenance despite the recent cosmetic and surface-level renovations.
This STUNNING, updated 3BR/2BA + AZ room home is now available. Move-in ready, located in a quiet cul de sac that overlooks a beautiful green lawn. Fountain view from AZ room. New paint, beautiful wood-look TILE floor throughout, and the home is free of popcorn ceilings for a modern look. Completely remodeled kitchen featuring gorgeous quartz countertops, cute peninsula with pendant lights & plenty of room to entertain! The private, fenced courtyard is perfect for entertaining or just relaxing in comfort. Main roof resealed 2023, Garage roof recently replaced and has overhead storage & additional cabinets. All this and more in the Premiere Active Adult Community of Leisure World with 36 holes of private golf, tennis complex, pickle ball, swimming pools, library, state of the art fitness center, theater, arts and crafts, billiard room, and much, much more! Don't miss out on this gorgeous gem.
No exterior & parking available.
Grades PK-6 • 1.2 mi
Grades PK-6 • 1.9 mi
Grades K-6 • 5.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 86% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,708 | 1,120 | 91% |
| Lot Size | 1,502 | 1,380 | 55% |
| Price | $399.9K | $209.5K | 95% |
| Price per sq ft | $234 | $213 | 64% |
| Built year | 1974 | 1985 | 14% |
| HOA | $652 | $197 | 95% |
| Days on market | 39 | 2354 | 5% |
Mar 15, 2026
$399,900
Initial Listing