7501 E HAPPY HOLLOW Drive 5, Carefree, AZ 85377, Carefree, 85377 - 2 bed, 1 bath
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Carefree, AZ 85377
This Completely Remodeled Townhouse represents a Strong Value Opportunity, listed at $417,000—positioned well below the $405,675 Fair Market Value by -2%. Featuring a Condition Rating of 2, this residence offers a turnkey lifestyle with modern finishes and a rare private yard. Located in an exclusive 13-unit enclave with stunning mountain views, it provides a peaceful, low-maintenance retreat. This property is an ideal fit for Owner-Occupants seeking a lock-and-leave lifestyle or first-time buyers prioritizing community and quality.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 7501 E HAPPY HOLLOW Drive 5 Subject | $412,000* List Price | 2 | 1 | 975 | $412 | - |
A 7501 E HAPPY HOLLOW Drive 4 Sold | $395,000 List Price | 2 | 1 | 975 | 0.0 mi | |
B 7501 E HAPPY HOLLOW Drive 12 Active | $350,000 List Price | 2 | 1 | 975 | $359 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1974, the property has undergone a complete modern remodel within the last 5 years. Visuals confirm a high-end kitchen with white shaker cabinets, stainless steel appliances, and subway tile backsplash, along with updated wood-look tile flooring, modern fixtures, and a well-maintained HVAC system.
Situated in an intimate 13-unit community with high resident retention, offering a rare blend of privacy and a sought-after 'lock-and-leave' lifestyle.
The residence has been thoughtfully updated throughout, featuring modern finishes that complement the unique architectural character of the Happy Hollow community.
This unit includes one of the few private yard spaces in the complex, providing a personal outdoor retreat to enjoy the surrounding mountain views and sunsets.
The 2-bedroom, 1-bathroom configuration may be a drawback for buyers seeking more convenience or privacy for guests.
With only 975 square feet of living space, the property may feel small for those accustomed to larger suburban townhomes or requiring extra storage.
Happy Hollow is the Melrose Place of Carefree, Arizona. Tucked into an intimate enclave of only 13 residences, this completely remodeled unit captures the rare blend of lifestyle, charm, privacy, and community that owners here never want to leave. In fact, many sales happen quietly off market as current residents often choose to ''upgrade within'' the community rather than leave it. Surrounded by incredible mountain views, glowing Arizona sunsets, and the unique character that makes Carefree so beloved, this residence offers a lock-and-leave lifestyle without sacrificing warmth or personality. Thoughtfully updated throughout, the home blends modern finishes with the relaxed architectural vibe Happy Hollow is known for. This home features one of the few private yard spaces.
No exterior & parking available.
Grades PK-6 • 3.2 mi
Grades 6-8 • 6.8 mi
Grades 9-12 • 3.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 0.0 |
| Baths | 1.0 | 0.0 |
| Square foot | 975 | - |
| Lot Size | 127 | - |
| Price | $412.0K | $822.5K |
| Price per sq ft | $423 | $336 |
| Built year | 1974 | 0 |
| HOA | $315 | $0 |
| Days on market | 69 | 2512 |
Jun 23, 2026
$412,000
$417,000
-1% Price Drop
Initial Listing
May 14, 2026
$417,000
Initial Listing