723 S PALO VERDE Way, Mesa, AZ 85208, Mesa, 85208 - 2 bed, 2 bath
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Mesa, AZ 85208
This Updated Resort Townhouse is a Strong Value Opportunity, listed at $325,000—positioned well below the $359,585 Fair Market Value by 9%. This valuation gap provides $34,585 in Instant Equity. Boasting a Move-In Ready Condition Rating, the home features a 2022 Granite Kitchen, a brand-new 2025 HVAC system, and a covered patio. Located in the gated Fountain of the Sun community near the 9/10 rated Franklin Elementary, it balances resort-style amenities with significant financial upside. This is an ideal acquisition for Owner-Occupants or Seasonal Residents.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 723 S PALO VERDE Way Subject | $325,000* List Price | 2 | 2 | 1,260 | $285 | - |
A 7927 E FOUNTAIN Cove Sold | $394,000 List Price | 2 | 2 | 1,427 | 0.3 mi | |
B 633 S Saguaro Way Sold | $340,000 | 2 | 2 | 1,368 | $249 | 0.1 mi |
C 7841 E Ocotillo Avenue Sold | $288,150 | 2 | 2 | 1,032 | $279 | 0.2 mi |
D 454 S 77TH Street Sold | $285,000 List Price | 2 | 2 | 1,032 | 0.4 mi | |
E 7830 E MARIPOSA Way Sold | $279,900 List Price | 2 | 2 | 1,368 | 0.2 mi | |
F 440 S DESERT FLOWER Drive Sold | $270,000 | 2 | 2 | 1,032 | $262 | 0.4 mi |
G 721 S PALO VERDE Way Active | $323,000 List Price | 2 | 2 | 1,248 | $259 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in ready condition with significant recent capital improvements. Key updates include a fully remodeled kitchen in 2022 featuring granite countertops and stainless steel appliances, a brand-new HVAC system installed in 2025, and updated tile flooring from 2018. While the structure dates to 1982, the recent updates to major systems and primary living areas, along with a partial bathroom renovation in 2022, meet the criteria for a well-maintained, updated home.
Elementary School: Franklin Elementary School (9/10).
The property features significant high-value updates, including a brand-new HVAC system installed in 2025, a remodeled kitchen with granite countertops from 2022, and updated tile flooring throughout.
Located in the sought-after Fountain of the Sun 55+ gated community, the home offers walking-distance access to a golf course, heated pool, spa, fitness center, and on-site restaurant.
The home is situated in a designated 'no pet area,' which significantly limits the potential buyer pool to those without domestic animals.
The inclusion of only a 1-car garage may be a drawback for multi-vehicle households or buyers requiring extra space for storage and hobbies.
Don't miss this opportunity in the highly desirable 55+ gated community of Fountain of the Sun! This well-maintained home features a split primary bedroom floor plan with a walk-in closet and comfortable living spaces throughout. Tile flooring was fully updated in 2018, and the home includes dual-pane windows with screens. The layout offers both formal dining and an eat-in kitchen, ideal for everyday living. The updated kitchen (2022) features granite countertops, electric oven, dishwasher, refrigerator, disposal, and built-in microwave. Indoor laundry includes washer and dryer. Additional updates include HVAC replaced in 2025 and a partial bathroom update in 2022. Ceiling fans and north/south exposure help keep the home comfortable year-round. CLICK MORE... Enjoy relaxing outdoors on the covered patio, plus the convenience of a 1-car garage. Sorry, this is a NO PET AREA. Walking distance to the main pool/spa, Activity Center, Birdie's Restaurant, Golf Pro Shop, and driving range. Near the US 60 and Red Mountain Freeways with easy access to Mesa Gateway Airport, Sky Harbor, and Costco. Superstition Springs and San Tan Mall are a short drive away. Enjoy Country Club amenities including a lake, golf course, pickleball, bocce ball, fitness center, billiards, library, and more.
No exterior & parking available.
Grades PK-6 • 1.3 mi
Grades PK-6 • 3.6 mi
Grades K-6 • 7.6 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 | 1,260 | 1,135 | 57% |
| Lot Size | 1,589 | 178 | 67% |
| Price | $325.0K | $189.0K | 81% |
| Price per sq ft | $258 | $230 | 62% |
| Built year | 1982 | 1984 | 38% |
| HOA | $410 | $267 | 95% |
| Days on market | 40 | 1681 | 5% |
Mar 13, 2026
$325,000
Initial Listing