288 LEISURE WORLD -- 288, Mesa, AZ 85206, Mesa, 85206 - 2 bed, 2 bath
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Mesa, AZ 85206
This Updated Turnkey Condominium is a Strong Value Opportunity, listed at $259,777—positioned well below the $291,608 Fair Market Value by 10%. This valuation gap provides $31,831 in Instant Equity. Boasting a Condition Rating of 2, the interior features modern shaker cabinets, stainless steel appliances, and wood-look laminate flooring. Located in the premier Leisure World 55+ community near 9/10 rated Franklin Elementary, residents enjoy resort-style amenities and a private screened patio. This is an exceptional acquisition for Active Adults or Seasonal Retirees seeking a polished, high-equity home.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 288 LEISURE WORLD -- 288 Subject | $259,777* List Price | 2 | 2 | 1,277 | $228 | - |
A 186 LEISURE WORLD -- Sold | $336,000 | 2 | 2 | 1,408 | $239 | 0.4 mi |
B 283 LEISURE WORLD -- Active | $319,900 List Price | 3 | 2 | 1,460 | $219 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1974, the property has undergone an extensive recent renovation within the last 5 years. The interior is fully updated with modern white shaker cabinets, solid grey countertops, stainless steel appliances, and wood-look laminate flooring. The addition of LED lighting and updated bathroom vanities brings the home up to current market standards, showing no signs of deferred maintenance.
Elementary School: Franklin Elementary School (9/10).
The home features a contemporary aesthetic with wood-look laminate flooring, white shaker cabinets, and stainless steel appliances, offering a move-in-ready experience for buyers.
Located in the highly sought-after Leisure World 55+ community, residents benefit from extensive facilities including pools, spas, pickleball courts, and scenic lake-view walking paths.
The monthly association fee of $652 is relatively high, which may impact the overall affordability and appeal for buyers on a fixed retirement income.
Built in 1974, the property may have aging infrastructure or original systems that require more maintenance compared to newer builds in the Mesa area.
Welcome to Leisure World, one of the Valley's most sought-after 55+ communities! This charming 2-bedroom home offers a beautifully updated interior with soft grey paint, wood-look laminate flooring, and LED lighting. The bright & ample layout creates an inviting atmosphere ideal for entertaining. The kitchen features white shaker cabinets, solid grey countertops, and stainless steel appliances. The primary bedroom includes a private ensuite with a dual-sink vanity. Out back, a screened patio provides a peaceful retreat, and the attached garage adds everyday convenience. Residents enjoy resort-style amenities including a pool & spa, walking paths with lake views, pickleball & tennis courts, and bocce ball & basketball areas. What's not to like? This vibrant, active community is the one!
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 | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,277 | 1,120 | 77% |
| Lot Size | 1,669 | 1,380 | 64% |
| Price | $259.8K | $209.5K | 55% |
| Price per sq ft | $203 | $203 | 50% |
| Built year | 1974 | 1985 | 14% |
| HOA | $652 | $197 | 95% |
| Days on market | 16 | 2354 | 5% |
Apr 6, 2026
$259,777
Initial Listing