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  • $2,495,000

    500 Mule Springs Trl, Forest Lakes, AZ 85931

    4beds
    3,030sqft
    : 
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    Single Family Residence
    Built in 2025
    1.21 Acres Lot
    $2,397,600 Zestimate®
    $823/sqft
    $-- HOA

    What's special

    Lush synthetic turf
    Exquisite Mountain Estate Bordering Sitgreaves National Forest This meticulously designed mountain estate offers a rare opportunity to own private land directly bordering the Sitgreaves National Forest, providing a genuine sanctuary and direct access to miles of USFS trails. Nestled in the exclusive ''island'' community of Forest Lakes atop the Mogollon Rim at approximately 7,600 feet elevation, the property is set in the middle of the world's largest stand of Ponderosa Pines. Residents enjoy some of the best summer weather in the world, with average temperatures 30 to 50 degrees cooler than the Phoenix Valley, which is just a scenic two-hour drive away. The exterior of the home is designed for both beauty and ease of care. The backyard is meticulously terraced with stone walls and features lush synthetic turf, creating a low-maintenance and visually stunning landscape that frames breathtaking views of the bordering forest. Because the property sits on the edge of the USFS, your back-door neighbors are truly nature's finest, including elk, deer, and wild horses. Inside and out, no expense is being spared in the construction of this exquisite home. The entire structure, including the stem walls, is insulated with the best closed-cell foam to ensure unparalleled energy efficiency and soundproofing. High-end architectural details are found throughout; even the covered patio and all eaves of the dwelling feature dramatic beamed ceilings with tongue and groove, extending the home's luxury to the outdoor living spaces. A concrete paver driveway leads to a massive three-plus car garage, providing ample space for vehicles and storage. This location is an outdoor enthusiast's dream. In addition to the endless forest trails, some of the best trout fishing in the Western USA is just minutes away at numerous Rim Lakes, such as Woods Canyon Lake and Willow Springs Lake, along with streams teeming with wild trout. Because the home is currently under construction, discerning buyers have the unique opportunity to make selections for items such as paint colors, decorator items, and flooring until these elements have been installed, allowing for full personalization. For safety during the construction phase, tours are available by scheduled appointment only and must be accompanied by a member of the listing team.
    202 days
    |
    450
    |
    15
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Charlie Walters 602-577-1111,

    Real Estate Brokers Intl

    Source: CAAR,MLS#: 93239MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 1
      • 3/4 bathrooms: 2
      Heating
      • Heat Pump
      Cooling
      • Heat Pump, Ceiling Fan(s)
      Appliances
      • Laundry: Other, Gas or Electric Hook Up, Laundry Room
      Features
      • No Interior Steps, Breakfast Bar, Kitchen-Dining Combo, Walk In Pantry, Master Main Floor, Wired for Sound, Kitchen Island
      • Flooring: Concrete, Vinyl
      • Windows: Double Pane Windows
      • Has basement: No
      • Has fireplace: Yes
      • Fireplace features: Wood Burning Stove, Gas, Two or More, Outside
      Interior area
      • Total structure area: 3,030
      • Total interior livable area: 3,030 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Other, Garage Door Opener, Oversized
      • Garage spaces: 3
      Features
      • Levels: One
      • Stories: 1
      • Patio & porch: Patio, Covered Patio
      • Exterior features: Outdoor Grill, Built-in Barbecue
      • Has view: Yes
      • View description: Trees/Woods
      Lot
      • Size: 1.21 Acres
      • Dimensions: 271.6 x 160.37 x 323.03 x 196.68
      • Features: Landscaped, Many Trees, Tall Pines on Lot, Borders USNF
      Details
      • Parcel number: 40335030
      • Zoning: Residential
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Single Level,Cabin,Lodge
      • Property subtype: Single Family Residence
      Materials
      • Wood Frame, Wood Siding, HardiPlank Type
      • Roof: Metal
      Condition
      • New construction: Yes
      • Year built: 2025

      Community & HOA

      Community
      • Security: Smoke Detector(s), Security System
      • Subdivision: Forest Lakes
      HOA
      • HOA name: NO HOA
      Location
      • Region: Forest Lakes

      Financial & listing details

      • Price per square foot: $823/sqft
      • Tax assessed value: $325,457
      • Annual tax amount: $1,531
      • Date on market: 12/29/2025
      • Listing terms: Cash,Conventional,1031 Exchange
      • Road surface type: Gravel

        Estimated market value

        $2,397,600

        $2.28M - $2.52M

        $4,655/mo

        Price history

        DateEventPrice
        4/18/2026Price change$2,495,000-4%$823/sqft
        Source: ARMLS #7006847 Report a problem
        12/29/2025Listed for sale$2,600,000$858/sqft
        Source: CAAR #93239 Report a problem
        12/26/2025Listing removed$2,600,000$858/sqft
        Source: ARMLS #6889023 Report a problem
        7/5/2025Listed for sale$2,600,000+766.7%$858/sqft
        Source: ARMLS #6889023 Report a problem
        5/16/2023Sold$300,000-7.7%$99/sqft
        Source: ARMLS #6549408 Report a problem
        5/1/2023Pending sale$325,000$107/sqft
        Source: ARMLS #6549408 Report a problem
        4/27/2023Listed for sale$325,000$107/sqft
        Source: ARMLS #6549408 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026$1,602 +4.7%$32,546 +3.5%
        2025$1,531 +8.5%$31,458 -2.9%
        2024$1,410 +4.4%$32,408 +35.9%
        2023$1,351 +3.3%$23,842 +29.3%
        2022$1,308 +5.7%$18,444 +13.1%
        2021$1,238 +2.1%$16,305 +1.4%
        2020$1,212 +3.6%$16,086 +15.8%
        2019$1,170 $13,886 +9.2%
        2018$1,170 +9.4%$12,719 +6%
        2017$1,070 +3.9%$12,000 +3.5%
        2016$1,030 $11,593 +3.6%
        2015$1,030 +5.4%$11,186 +13.7%
        2014$977 $9,834
        2013-- --
        2012-- --
        2011-- --
        2010$1,164 +28.2%--
        2009$908 +26.8%--
        2008$716 --
        2007-- --
        2006$610 --
        2005-- --
        2004-- --
        2003-- --
        2002-- --
        2001-- --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        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: 85931

        Getting around

        1 / 100
        Car-Dependent
        4 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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