RARE 2.37-ACRE, FENCED, IMPROVED MOUNTAIN HOMESITE! Discover a truly unique opportunity at 1248 S Running Elk Road, situated at approximately 6,000 feet in elevation and overlooking a beautiful canyon in Arizona's spectacular Rim Country. Approximately 2 acres are fenced, with additional land extending west beyond the ravine, creating an appealing combination of usable space, privacy, views and natural mountain terrain. The lot is GU (General Unclassified) zoned with NO HOA, offering flexibility for rural residential and agricultural uses and possibilities such as a custom home, horses, animals, gardening and accessory structures, subject to Gila County requirements.
This is much more than vacant land. COMPANY--along with TWO ELECTRICAL SOURCES, one underground and one overhead, and a WORKING SEPTIC SYSTEM DESIGNED TO SERVE A FUTURE 3-BEDROOM, 2-BATH HOME.
An established orchard features apple, pear, peach and plum trees, and raspberries have also been grown on the property. Previous residential structures have been removed, leaving a cleared site ready for a buyer's vision.
A 40-FOOT SHIPPING CONTAINER provides substantial secure storage and conveys with the property. The lower portion of the parcel also includes covered parking and a large covered work area, offering valuable space for equipment, projects and recreational vehicles.
ALSO INCLUDED WITH THE SALE is a 2016 OPEN RANGE FIFTH-WHEEL RV, 3X RATED FOR COLDER-WEATHER USE, providing an additional valuable feature for enjoying the property and the Rim Country setting.
HOUSE PLANS AND BUILDING CONCEPTS ARE AVAILABLE TO SHARE WITH INTERESTED BUYERS. A separate residential listing is also available in conjunction with a builder who can help create a new home on the property, giving buyers the opportunity to explore a new-build option designed to take advantage of this special mountain setting.
With much of the essential infrastructure already in place, imagine creating a brand-new mountain home surrounded by the natural beauty of Rim Country. The property may also offer potential as a second home, full-time residence or future vacation rental, subject to applicable Gila County requirements.
Surrounded by tall pines and close to the recreational opportunities of the Mogollon Rim, this property offers privacy, usable space, views and the opportunity to create a truly unique Arizona mountain lifestyle.
Bring your vision and make this special piece of Rim Country your own.
Buyer to independently verify water sources and availability, elevation, septic capacity/design, zoning, building requirements, utilities, fifth-wheel/RV information and permitted use, builder/new-construction options, vacation-rental use, intended uses and all material facts.
Lot/land
Price cut: $725.1K (10/5)
$474,900
1248 S RUNNING ELK Road, Payson, AZ 85541
--beds
--baths
2.35Acres
Land
Built in ----
2.35 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 22 days
- 891
- 83
Zillow last checked:
Listing updated:
Listed by:
Ann Adams 602-330-2323,
Ann Adams And Associates Realty, LLC
Source: ARMLS,MLS#: 7079676

Facts & features
Property
Features
- Fencing: Security
- Has view: Yes
- View description: Mountain(s), Trees/Woods
Lot
- Size: 2.35 Acres
- Dimensions: 2.37 acres
- Topography: Hillside, Gentle Sloping
- Residential vegetation: Natural Vegetation, Wooded, Orchrd/Grve/Vineyrd
Details
- Additional structures: Workshop, Other
- Parcel number: 30319092A
- Zoning: GU
- Horses can be raised: Yes
Utilities & green energy
- Electric: APS
- Sewer: Septic Tank
- Water: Domestic Well
Community & HOA
Community
- Subdivision: COLCORD MOUNTAIN HOMESITES
HOA
- Has HOA: No
Location
- Region: Payson
Financial & listing details
- Tax assessed value: $85,144
- Annual tax amount: $3,391
- Date on market: 10/5/2026
- Cumulative days on market: 22 days
- Listing terms: Owner May Carry,Cash,Other (See Rmks),Lease Option,Lease Purchase
- Electric utility on property: Yes
- Road surface type: Gravel
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/5/2026 | Price change | $474,900-60.4% |
Source: | ||
| 10/5/2026 | Listed for sale | $1,200,000+206.9% |
Source: | ||
| 12/9/2021 | Sold | $391,000-18.5% |
Source: Public Record Report a problem | ||
| 9/23/2021 | Price change | $480,000-2% |
Source: | ||
| 8/20/2021 | Listed for sale | $490,000 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $885 -73.9% | $8,515 -2.1% |
| 2025 | $3,391 +4.8% | $8,701 -68.7% |
| 2024 | $3,236 +8% | $27,829 |
| 2023 | $2,996 -8.1% | -- |
| 2022 | $3,261 +3.1% | -- |
| 2021 | $3,163 +9.2% | -- |
| 2019 | $2,895 +3.8% | -- |
| 2018 | $2,788 +8.3% | -- |
| 2017 | $2,574 | -- |
| 2016 | $2,574 +3.4% | -- |
| 2015 | $2,489 | -- |
| 2014 | -- | -- |
| 2012 | -- | $16,414 -16.4% |
| 2011 | -- | $19,643 -5.3% |
| 2010 | -- | $20,733 |
Find assessor info on the county website






