309 Leisure World --, Mesa, AZ 85206, Mesa, 85206 - 3 bed, 2 bath
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Mesa, AZ 85206
This Remodeled Single-Level Condominium is a High-Potential Investment Opportunity, listed at $275,000—positioned well below the $324,499 Fair Market Value by 15%. This valuation gap offers $49,499 in Instant Equity for the incoming buyer. Boasting a Condition Rating of 3, the residence features a 2018 remodel, vaulted ceilings, and an ADA-accessible bath. Located in the premier Leisure World enclave near Franklin Elementary (9/10), it combines resort-style amenities with significant financial upside. 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 |
|---|---|---|---|---|---|---|
★ 309 Leisure World -- Subject | $275,000* List Price | 3 | 2 | 1,746 | $186 | - |
A 402 LEISURE WORLD -- Sold | $340,000 | 2 | 2 | 1,746 | $195 | 0.2 mi |
B 104 Leisure World -- 104 Pending | $310,000 List Price | 3 | 2 | 1,754 | $177 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready following an extensive remodel in 2018 that updated the kitchen, bathrooms, HVAC, and electrical systems. While the original structure dates to 1974, the interior features modern aesthetics including wood-look flooring, vaulted ceilings, and updated cabinetry. It meets the 'Good' criteria as it was extensively renovated within the 5 to 15-year range and has been well-maintained with a recent 2025 roof recoat.
Elementary School: Franklin Elementary School (9/10).
The property underwent a full remodel in 2018 including new HVAC, appliances, and electrical updates, complemented by a 2025 roof recoat for long-term peace of mind.
Located in the guard-gated Leisure World enclave, residents enjoy elite facilities including 36 holes of golf, a state-of-the-art fitness center, and active tennis and pickleball courts.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 1746, other record living area = 1984.
The association fee of $652 per month is a significant recurring expense that may impact the purchasing power of buyers on a fixed income.
Despite the 2018 interior updates, the 1974 construction year suggests that original underlying elements like plumbing and foundation are over 50 years old.
Priced to sell! Fully remodeled 2018 with new HVAC, appliances & electrical updates. Roof recoated 2025. Reverse osmosis installed. This bright 1,746 sq ft single-level home features vaulted ceilings & abundant natural light in the open living & family room. 3 beds, 2 baths with ADA-accessible bath -- flexible for guests, hobbies or office. Screened Arizona Room perfect for enjoying Arizona seasons year-round. Located in the premier Leisure World 55+ community -- enjoy 36 holes of private golf, a new tennis complex, pickleball & a state-of-the-art fitness center, all within a secure 24/7 guard-gated enclave. HOA includes water, sewer, trash & exterior maintenance. Move in Ready!
No exterior & parking available.
Grades PK-6 • 1.3 mi
Grades PK-6 • 2.0 mi
Grades K-6 • 6.0 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 | 1,746 | 1,120 | 91% |
| Lot Size | 1,689 | 1,380 | 77% |
| Price | $275.0K | $209.5K | 59% |
| Price per sq ft | $158 | $199 | 36% |
| Built year | 1974 | 1985 | 14% |
| HOA | $652 | $197 | 95% |
| Days on market | 13 | 2354 | 5% |
Apr 9, 2026
$275,000
Initial Listing