376 LEISURE WORLD --, Mesa, AZ 85206, Mesa, 85206 - 2 bed, 2 bath
Loading property details...
Mesa, AZ 85206
This Turnkey Active Adult Townhouse represents a High-Potential Investment Opportunity, listed at $289,000—positioned well below the $501,265 Fair Market Value by 42%. This significant valuation gap secures $212,265 in Instant Equity. While maintaining a Fair Condition Rating with original 1974 finishes, the home features a functional dual primary suite layout and two covered patios. Residents enjoy Leisure World amenities, including 36 holes of golf and a fitness center, near 9/10 rated Franklin Elementary. This is a strategic acquisition for Buy-and-Hold Investors or Value-Add Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 376 LEISURE WORLD -- Subject | $279,000* List Price | 2 | 2 | 1,408 | $188 | - |
A 305 LEISURE WORLD -- Sold | $340,000 | 3 | 2 | 1,460 | $233 | 0.1 mi |
B 469 LEISURE WORLD -- Sold | $280,000 | 3 | 2 | 1,490 | $188 | 0.2 mi |
C 258 LEISURE WORLD Avenue Sold | $245,500 | 2 | 2 | 1,277 | $192 | 0.1 mi |
D 397 LEISURE WORLD -- Sold | $339,500 | 2 | 2 | 1,746 | $194 | 0.1 mi |
E 402 LEISURE WORLD -- Sold | $340,000 | 2 | 2 | 1,720 | $198 | 0.1 mi |
F 6001 E SOUTHERN Avenue 85 Sold | $199,900 List Price | 2 | 2 | 1,181 | 0.6 mi | |
G 287 LEISURE WORLD -- Active | $289,000 List Price | 2 | 2 | 1,520 | $190 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is well-maintained and move-in ready, but it is stylistically outdated, reflecting its 1974 construction. Key features such as the oak cabinetry, white kitchen appliances, and popcorn ceilings indicate a lack of recent modern renovations. While functional and clean, the home requires cosmetic updates to meet current market trends.
Elementary School: Franklin Elementary School (9/10).
Located in the premiere Leisure World active adult community, residents enjoy access to 36 holes of private golf, a new tennis complex, pickleball, swimming pools, and a state-of-the-art fitness center.
The split floor plan features a primary bedroom on each side of the home, providing excellent privacy and a functional setup for guests or roommates.
The monthly association fee of $652 is significant and may impact the overall affordability and debt-to-income ratio for budget-conscious buyers.
Built in 1974, the unit may require updates to major systems or cosmetic refreshments to align with modern energy efficiency and contemporary design standards.
Nice split floor plan unit with a primary bedroom on each side! Two large covered patios for enjoying the sun rise and set. Fully furnished and ready to go. All this in the Premiere Active Adult Community of Leisure World with 36 holes of private golf, new tennis complex, pickle ball, swimming pools, library, state of the art fitness center, theater, arts and crafts, billiard room, and much more!
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 | 1,408 | 1,253 | 63% |
| Lot Size | 1,674 | 1,676.5 | 47% |
| Price | $279.0K | $290.0K | 43% |
| Price per sq ft | $198 | $226 | 43% |
| Built year | 1974 | 1991 | 27% |
| HOA | $652 | $230 | 97% |
| Days on market | 48 | 1625 | 3% |
Apr 20, 2026
$279,000
$289,000
-3% Price Drop
Initial Listing
Mar 6, 2026
$289,000
Initial Listing