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  • Price cut: $5K (7/10)
    $1,995,000

    1807 E Underwood Ln, Payson, AZ 85541

    3beds
    4,911sqft
    : 
    $11,914/mo
    Get pre-qualified
    Single Family Residence
    Built in 2006
    2.22 Acres Lot
    $1,856,000 Zestimate®
    $406/sqft
    $-- HOA

    What's special

    Natural rock wood-burning fireplaceDining with stellar viewsSurrounded by tall pines
    Magnificent mountain estate with unobstructed, million dollar views of the Mogollon Rim! Surrounded by tall pines this private 2.22AC property, this custom home will impress with 4911sf and an open floorplan. Almost new metal roof on both buildings and concrete board siding for low maintenance. Cathedral ceiling in the living room is tongue and groove and there is a natural rock, wood-burning fireplace. Gorgeous kitchen features a Viking gas cooktop, island, convection oven, refrigerator, granite countertops and solid wood walnut cabinetry. Enjoy dining with stellar views and access to an outdoor Grand Turbo Grill Station with rotisserie. Spa-like ensuite on main level includes jetted tub, walk-in shower, makeup vanity, double sinks and large walk-in closet. Massive main bedroom provides access to open deck space. Beautiful office space and library have built-in desks with granite surfaces and abundant bookshelves. Laundry room is spacious and is off the attached 3 car garage, which has an almost new epoxied floor. Lower level are distinct living areas with a game room and bar with wine cooler, refrigerator and a gas fireplace. Guest bedroom sleeps four and has a bathroom with shower. Large family room for entertaining family and friends with access to covered patio. Spacious Master Bedroom with elegant ensuite with soaking tub-shower combo and closet. Home has automated fire suppression system, surround sound and instant hot water. Covered patio has Rainscaping above to seal off rain, Extensive Trex decking on main level and covered area for dining. Detached 2-car, pass through garage below house has plenty of room for your mountain gear and toys. The backyard is fenced and the entire property has been fire wised. Horses are allowed. Solar is owned This is mountain living; the region is composed of 5 million acres of Ponderosa Pine Forest nestled within beautiful hills with mountains nearby and the adjacent Mogollon Rim, it is close to the Natural Bridge. There is a light jet capable runway in town that is 1 to 2 hours by light aircraft from the Southern California coast. It is one hour drive to metropolitan Scottsdale, AZ and an hour and 15 minutes to Phoenix Sky Harbor airport, it is in Central Arizona with adequate water and services. It is home to the oldest continuous rodeo and experiences mild summers and winters and with comfortable four season living. It is perfect for the remote worker with Internet access. There is a nearby hospital and shopping. There are three golf courses: the Rim Club designed by Tom Weiskopf & Jay Morrish, Chaparral Pines, a David Graham & Gary Panks designed course with tennis, aquatics, dining, and also a municipal course. There are many opportunities for hunting and fishing in the area, and elk frequently roam the property. Airport: KPAN, 5,504 ft x 75 feet, 06/24, 5,141 elev., Jet A available. College: Gila Community College Hospital: Banner Payson Medical Center, 25 bed Community Hospital Shopping: Walmart, Home Depot, Safeway, Bashas Location: Central Arizona: N 34.26489'
    54 days
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    435
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    13
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    Zillow last checked:

    Listing updated:

    Listed by:

    Deborah A Rose 928-478-2000,

    Realty ONE Group

    Source: CAAR,MLS#: 94135MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 4
      • Full bathrooms: 2
      • 3/4 bathrooms: 1
      • 1/2 bathrooms: 1
      Heating
      • Forced Air, Propane, Solar
      Cooling
      • Other, Central Air, Ceiling Fan(s), Attic Fan
      Appliances
      • Laundry: Laundry Room
      Features
      • Kitchen-Dining Combo, Vaulted Ceiling(s), Master Main Floor, Wired for Sound, Kitchen Island
      • Flooring: Carpet, Tile, Wood, Concrete
      • Windows: Double Pane Windows
      • Has basement: No
      • Has fireplace: Yes
      • Fireplace features: Living Room, Gas
      Interior area
      • Total structure area: 4,911
      • Total interior livable area: 4,911 sqft

      Property

      Parking
      • Total spaces: 5
      • Parking features: Other, Detached, Garage Door Opener, Attached
      • Attached garage spaces: 5
      Features
      • Patio & porch: Covered, Covered Patio
      • Exterior features: Outdoor Grill, Built-in Barbecue
      • Fencing: Chain Link,Partial
      • Has view: Yes
      • View description: Mountain(s)
      Lot
      • Size: 2.22 Acres
      • Features: Landscaped, Many Trees, Tall Pines on Lot
      Details
      • Parcel number: 30284025K
      • Zoning: R1-90
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Lodge
      • Property subtype: Single Family Residence
      Materials
      • Wood Frame, Concrete
      • Roof: Metal
      Condition
      • Year built: 2006
      Details
      • Builder name: Iverson

      Utilities & green energy

      • Water: In Payson City Limits

      Community & HOA

      Community
      • Security: Fire Sprinkler System, Smoke Detector(s), Carbon Monoxide Detector(s), Security System
      • Subdivision: Payson 3 Unit 1
      Location
      • Region: Payson

      Financial & listing details

      • Price per square foot: $406/sqft
      • Tax assessed value: $1,096,386
      • Annual tax amount: $8,380
      • Date on market: 5/31/2026
      • Listing terms: Cash,Conventional
      • Road surface type: Asphalt

        Estimated market value

        $1,856,000

        $1.76M - $1.95M

        $5,080/mo

        Price history

        DateEventPrice
        7/10/2026Price change$1,995,000-0.3%$406/sqft
        Source: CAAR #94135 Report a problem
        6/13/2026Price change$2,000,000-20%$407/sqft
        Source: CAAR #94135 Report a problem
        5/31/2026Listed for sale$2,500,000+454.8%$509/sqft
        Source: CAAR #94135 Report a problem
        10/20/2009Sold$450,633-62.1%$92/sqft
        Source: Public Record Report a problem
        4/30/2008Listing removed$1,190,000$242/sqft
        Source: Z57 #55149 Report a problem
        4/27/2008Listed for sale$1,190,000$242/sqft
        Source: Z57 #55149 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026$8,700 +3.8%$109,639 +3.8%
        2025$8,380 +3.3%$105,632 +8.8%
        2024$8,115 +3.2%$97,064
        2023$7,865 +6.5%--
        2022$7,384 +4.1%--
        2021$7,094 +9.5%--
        2019$6,480 +7.3%--
        2018$6,041 +2.1%--
        2017$5,916 --
        2016$5,916 +8.4%--
        2015$5,455 --
        2014-- --
        2013-- $37,792 +6.7%
        2012-- $35,432 -3.3%
        2011-- $36,631 -44.4%
        2010-- $65,911
        2009-- --
        2008$4,071 --
        2007-- --
        Find assessor info on the county website

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        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 85541

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