777 LEISURE WORLD --, Mesa, AZ 85206, Mesa, 85206 - 2 bed, 1 bath
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Mesa, AZ 85206
This Modernized Active Adult Residence is a Prime Investment Opportunity with a List Price of $274,900—positioned well below the $429,487 Fair Market Value by 35%. This significant valuation gap offers $154,587 in Instant Equity. Boasting an Excellent Condition Rating, the home features a Granite Kitchen with white shaker cabinets and a covered back patio with a pergola. Located in the premier Leisure World community near the 9/10 rated Franklin Elementary School, this turnkey property balances lifestyle luxury with massive financial upside. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 777 LEISURE WORLD -- Subject | $274,900* List Price | 2 | 1 | 876 | $490 | - |
A 1040 LEISURE WORLD -- Sold | $285,000 | 2 | 2 | 1,102 | $259 | 0.5 mi |
B 839 LEISURE WORLD -- Sold | $250,000 | 2 | 2 | 1,017 | $246 | 0.1 mi |
C 1040 LEISURE WORLD -- Sold | $285,000 | 2 | 2 | 1,102 | $259 | 0.5 mi |
D 1040 LEISURE WORLD -- Sold | $285,000 | 2 | 2 | 1,102 | $259 | 0.5 mi |
E 871 LEISURE WORLD -- Sold | $325,000 | 2 | 2 | 1,132 | $287 | 0.2 mi |
F 789 LEISURE WORLD -- Active | $224,900 List Price | 2 | 1 | 930 | $242 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1977, the property has undergone extensive recent renovations that bring it up to modern standards. The kitchen is fully updated with white shaker cabinets, granite countertops, and stainless steel appliances. The home features significant capital improvements including a 2019 A/C system, dual-pane windows, and updated flooring and recessed lighting throughout. The bathroom has been modernized with a new vanity and fixtures, and the exterior features a well-maintained pergola and desert landscaping, showing no signs of deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7060, living area = 876.
Elementary School: Franklin Elementary School (9/10).
The home features a stylishly updated kitchen with white shaker cabinets, granite countertops, and stainless steel appliances, offering a contemporary and functional aesthetic.
With only one bathroom serving two bedrooms, the floor plan may be less convenient for hosting guests or for couples desiring more privacy.
At just 876 square feet, the interior footprint is relatively compact, which may feel restrictive for buyers transitioning from larger single-family homes.
Welcome to this beautifully maintained home in Leisure World, a premier active adult community in East Mesa! This light and bright residence offers modern upgrades and a low-maintenance lifestyle. The updated kitchen combines modern functionality with aesthetic appeal, featuring white shaker cabinets, granite counters, elegant backsplash, and SS appliances. Key updates to the home ensure comfort and savings including A/C 2019, dual pane windows and added insulation. Additional storage is found in the indoor laundry room and the two car garage. Step out to the covered back patio with an extended pergola and sun shades, designed for relaxation and entertaining all set within a fenced yard accented with citrus trees. Amenities include 24/7 guarded, gated entrances, golf courses, swimming pools, walking/hiking trails, a large recreation center, and a wide array of clubs designed for an active lifestyle with many opportunities to socialize. Close to essential services like pharmacies, grocery stores and dining along with easy access to US 60 and other recreational activities. Leisure World is a great place to live an active lifestyle!
No exterior & parking available.
Grades PK-6 • 1.6 mi
Grades PK-6 • 2.3 mi
Grades K-6 • 6.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 46% |
| Baths | 1.0 | 2.0 | 2% |
| Square foot | 876 | 1,672 | 1% |
| Lot Size | 7,060 | 7,060 | 50% |
| Price | $274.9K | $274.9K | 50% |
| Price per sq ft | $314 | $181 | 94% |
| Built year | 1977 | 1984 | 11% |
| HOA | $370 | $298 | 66% |
| Days on market | 29 | 2156 | 1% |
Mar 24, 2026
$274,900
Initial Listing