403 LEISURE WORLD --, Mesa, AZ 85206, Mesa, 85206 - 2 bed, 2 bath
Loading property details...
Mesa, AZ 85206
This Stunning Waterfront Townhouse is a Strong Value Opportunity, listed at $419,000—positioned slightly above the $409,065 Fair Market Value. Despite the 1974 build, the property maintains an Excellent Condition Rating due to a comprehensive, top-to-bottom renovation featuring a Chef's Kitchen and modern open-concept layout. Residents enjoy a rare Waterfront View and a private, resort-style patio. Located near top-rated schools like Franklin Elementary (9/10), this home offers a premium lifestyle for Retirees or Owner-Occupants seeking a turnkey, serene sanctuary in Mesa.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 403 LEISURE WORLD -- Subject | $419,000* List Price | 2 | 2 | 1,890 | $216 | - |
A 402 LEISURE WORLD -- Sold | $340,000 | 2 | 2 | 1,720 | $198 | 0.0 mi |
B 51 Leisure World -- Sold | $343,315 | 3 | 2 | 1,636 | $210 | 0.4 mi |
C 437 LEISURE WORLD -- Active Under Contract | $309,700 List Price | 3 | 2 | 1,500 | $206 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1974 build date, the property has undergone a comprehensive 'top to bottom' renovation within the last 5 years. It features a fully updated chef's kitchen with granite countertops and custom cabinetry, modern flooring, updated lighting, and a reconfigured open-concept layout that meets contemporary standards.
Elementary School: Franklin Elementary School (9/10).
This property offers a premium waterfront position with a resort-style patio, providing a serene and highly sought-after setting that is a rare find within the Leisure World community.
The home has been meticulously renovated from top to bottom, featuring a chef’s kitchen with granite countertops and a reconfigured open layout that meets modern buyer expectations.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 2, other record bedroom count = 3.
The monthly association fee of $652 is a significant recurring expense that increases the total cost of ownership and may deter budget-conscious buyers.
Despite the extensive cosmetic and interior upgrades, the original 1974 construction may present long-term maintenance considerations for aging structural or utility systems.
RARE OPPORTUNITY! Welcome to a masterclass in contrasts--where high-desert drama meets waterfront serenity. This electrifyingly updated sanctuary merges sleek, contemporary design with the raw beauty of the Arizona landscape. Imagine entertaining in a chef's kitchen featuring custom cabinetry and exquisite granite, then enjoying a relaxing evening on your private, resort-style patio. This absolutely stunning home with custom upgrades boasts two bedrooms two bathrooms and a two car garage on the waterfront - a rare find in the community. The entire property has been meticulously upgraded from top to bottom, featuring newer modern paint throughout, and a thoughtfully reconfigured layout that delivers the open, contemporary feel today's buyers crave. With its bright, airy feel, curated finishes, and quick access to the lake, this is Arizona waterfront living at its absolute finest!
No exterior & parking available.
Grades PK-6 • 1.2 mi
Grades PK-6 • 1.8 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 | 1,890 | 1,206 | 94% |
| Lot Size | 1,440 | 1,676 | 29% |
| Price | $419.0K | $280.0K | 94% |
| Price per sq ft | $222 | $226 | 47% |
| Built year | 1974 | 1997 | 29% |
| HOA | $652 | $230 | 94% |
| Days on market | 39 | 2204 | 6% |
May 7, 2026
$419,000
Initial Listing