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723 S PALO VERDE Way, Mesa, AZ, 85208

2beds
2baths
1,260sqft
$325,000
$258price/sqft
$2,059/moest. monthly cost
$82,360/yrincome needed

About This Home

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.

Getting Around

18
WalkingCar-Dependent
0
TransitNo Nearby Transit
45
BikeSomewhat Bikeable

Schools

4/10
5/10
4/10
Skyline High SchoolGrades 9-122.8 mi

Construction

Condition

  • Year built: 1982

Materials

  • Foundation: Slab
  • Roof: Tile,Foam
  • Construction materials: Stucco,Wood Frame,Painted

Type & Style

  • Home type: SingleFamily
  • Architectural style: Santa Barbara/Tuscan
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Washer,Refrigerator,Built-in Microwave,Dishwasher,Disposal,Electric Range,Electric Oven
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • High Speed Internet,Granite Counters,Eat-in Kitchen,No Interior Steps,3/4 Bath Master Bdrm
  • Window features: Screens,Double Pane Windows
  • Flooring: Tile

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air,Ceiling Fan(s)

Interior Area

  • Total structure area: 1,260
  • Total interior livable area: 1,260 sqft

Property

Details

  • Parcel number: 21867554
  • Attached to another structure: Yes
  • Special condition: Age Restricted (See Remarks)

Features

  • Stories: 1
  • Patio & porch: Covered,Patio
  • Has spa: Yes
  • Spa features: Heated
  • Fencing: None

Lot

  • Lot size: 1,589 sqft
  • Features: Borders Common Area,North/South Exposure,Sprinklers In Rear,Sprinklers In Front,Grass Front,Grass Back,Auto Timer H2O Front,Auto Timer H2O Back

Parking

  • Total spaces: 2
  • Parking features: Garage Door Opener,Attch'd Gar Cabinets,Permit Required
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 2
  • Carport: Yes
  • Carport spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Hail
    HailModerate

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Hail

FEMA Declared Disasters in Maricopa County and Arizona

Fire
Flood
Snowstorm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,643$19,716
Home Insurance $81$972
Property Taxes $119$1,428
Electricity $216$2,603
Total$2,059$24,708

Income You'd Need if You Spent...

35% on housing$70,594/yr
40% on housing$61,770/yr
45% on housing$54,906/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 1.2%
1.2%
0%15.0%
Property Taxes Growth Rate2-year average: -2.1%
-2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$258This listing

vs Other Active Listings

Avg $/sqft

ZIP 85208$130
Maricopa County$272

vs Homes Sold Last Month

Median $/sqft

ZIP 85208$246
Maricopa County$262

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-17Listed for sale$325,000
2026-02-26Listing removed$388,500
2025-11-20Price change$388,500
2025-09-25Price change$390,000
2025-09-11Listed for sale$410,000
2018-01-15Sold$170,000
2017-11-30Listed for sale$172,500
2005-01-27Sold$120,000

For Sale by Agent

AgentMary Newton
BrokerageKeller Williams Integrity First

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