698 LEISURE WORLD --, Mesa, AZ 85206, Mesa, 85206 - 2 bed, 2 bath
Loading property details...
Mesa, AZ 85206
This Turnkey Waterfront Townhome is a Prime Investment Opportunity, listed at $319,900—positioned well below the $327,588 Fair Market Value by 2%. This valuation gap offers $7,688 in Instant Equity. With a Condition Rating of 3, the home features modern kitchen upgrades, newer windows, and a serene lakefront deck. Located in the amenity-rich Leisure World community, it offers a low-maintenance lifestyle near top-rated schools like Franklin Elementary. This property is an ideal acquisition for active retirees or owner-occupants seeking a move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 698 LEISURE WORLD -- Subject | $319,900* List Price | 2 | 2 | 1,304 | $251 | - |
A 469 LEISURE WORLD -- Sold | $280,000 | 3 | 2 | 1,490 | $188 | 0.5 mi |
B 258 LEISURE WORLD Avenue Sold | $245,500 | 2 | 2 | 1,277 | $192 | 0.3 mi |
C 305 LEISURE WORLD -- Sold | $340,000 | 3 | 2 | 1,460 | $233 | 0.3 mi |
D 402 LEISURE WORLD -- Sold | $340,000 | 2 | 2 | 1,720 | $198 | 0.4 mi |
E 678 Leisure World -- Active Under Contract | $310,000 List Price | 2 | 2 | 1,304 | $238 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1979, the property has undergone significant renovations within the 5-15 year range. Updates include a modernized kitchen with newer cabinets and stainless appliances, contemporary wood-look tile flooring, and newer windows throughout. The home is well-maintained, move-in ready, and features very recent appliance updates like a 2-month-old washer/dryer.
Elementary School: Franklin Elementary School (9/10).
The property boasts exceptional lakefront views from both the vaulted living area and the primary suite, offering a serene and high-value setting within the community.
The home features extensive modern improvements, including newer energy-efficient windows, a remodeled kitchen with stainless appliances, and a recently updated deck with retractable awnings.
The monthly association fee of $593 is relatively high, which may impact the debt-to-income ratio for some buyers or be perceived as a significant recurring expense.
Despite recent interior and window updates, the 1979 construction year suggests that original underlying systems may eventually require maintenance or modernization.
Welcome to this Beautiful 2 Bed/2 Bath Townhome on the Lake in Leisure World. Enter into a very spacious home with vaulted ceilings and Amazing views to the lake! The kitchen has newer cabinets, stainless appliances, and pantry. The Primary bedroom is also spacious with views to the lake. The guest bedroom has its own patio area! Walk out to the private & peaceful patio w/newer deck with newer retractable awnings...great for relaxing or entertaining! The home is close to Rec. 1, the Pickleball Courts and main pool, with just a short walk across the bridge. Newer Windows Throughout! Washer/Dryer 2 months old! The HOA takes care of the exterior of the home including the roof. Leisure World offers 36 holes of private golf, tennis, pickle ball, swimming pools, fitness center & much more!
No exterior & parking available.
Grades PK-6 • 1.4 mi
Grades PK-6 • 2.1 mi
Grades K-6 • 6.1 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 | 1,304 | 1,206 | 59% |
| Lot Size | 1,568 | 1,676 | 35% |
| Price | $319.9K | $280.0K | 53% |
| Price per sq ft | $245 | $226 | 65% |
| Built year | 1979 | 1997 | 35% |
| HOA | $593 | $230 | 88% |
| Days on market | 42 | 2204 | 6% |
May 4, 2026
$319,900
Initial Listing