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For sale
  • $1,279,000

    862 DREAMY DRAW Circle, Show Low, AZ 85901

    4beds
    4,361sqft
    : 
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    Single Family Residence
    Built in 2005
    1.31 Acres Lot
    $-- Zestimate®
    $293/sqft
    $7/mo HOA

    What's special

    Private keypad-gated entranceTwo dining areasExpansive primary suitePrivate sanctuaryLarge center islandBacking the national forestGenerous workspace
    Luxury mountain living meets unmatched privacy in this exceptional one-owner, gently lived-in retreat on a beautifully landscaped 1.33-acre cul-de-sac lot backing the National Forest in the prestigious Cheney Ranch subdivision. Experience the Freedom Factor--a rare combination of National Forest seclusion, expansive acreage, abundant wildlife, equestrian zoning, and a minimal HOA that allows you to enjoy the White Mountains the way they were meant to be experienced. Seller is willing to contribute toward a 1% interest rate buydown, subject to lender guidelines and an acceptable purchase contract, offering qualified buyers an opportunity to reduce their monthly mortgage payment. A private keypad-gated entrance welcomes you into a grand foyer that opens to an impressive great room featuring soaring tongue-and-groove vaulted ceilings and a dramatic floor-to-ceiling custom flagstone fireplace accented by a stunning burl wood mantel. Designed for both everyday living and effortless entertaining, the gourmet kitchen offers abundant custom cabinetry, a large center island, generous workspace, a convenient wet bar, and two dining areas. Lovingly maintained as a second home by its original owner, the residence reflects exceptional pride of ownership throughout. The expansive primary suite is a private sanctuary featuring a sitting area overlooking the peaceful forest setting, a convenient coffee/wet bar, a spacious bath with dual vanities, abundant storage,and an oversized walk-in closet. Quality improvements include Andersen windows and doors, a premium metal roof installed by Collier's Roofing in 2025, and a freshly painted interior completed in 2026. Every detail reflects meticulous care and quality craftsmanship, creating an extraordinary opportunity for those seeking a full-time residence or mountain retreat where privacy, comfort, and nature come together. Buyer Notice: Square footage information varies between Assessor records and a recent appraisal. Broker and Seller make no representation or warranty regarding the accuracy of square footage. Buyers are advised to independently verify square footage, property measurements, and all material facts prior to the close of escrow.
    59 days
    |
    439
    |
    16
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Stephen Leonard 602-525-6193,

    HomeSmart

    Source: ARMLS,MLS#: 7026703MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Heating
      • Propane
      Cooling
      • Gas, Central Air, Ceiling Fan(s)
      Appliances
      • Included: Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range, Electric Cooktop, Built-In Electric Oven
      • Laundry: Inside
      Features
      • Granite Counters, Double Vanity, Breakfast Bar, 9+ Flat Ceilings, Central Vacuum, No Interior Steps, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
      • Flooring: Tile
      • Windows: Screens, Skylight(s), Double Pane Windows
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Family Room, Gas
      Interior area
      • Total structure area: 4,361
      • Total interior livable area: 4,361 sqft

      Property

      Parking
      • Total spaces: 3
      • Parking features: Attached, Garage Door Opener, Circular Driveway
      • Attached garage spaces: 3
      Accessibility
      • Accessibility features: Customized Wheelchair Accessible, Bath Roll-In Shower, Bath Grab Bars
      Features
      • Stories: 1
      • Patio & porch: Covered
      • Exterior features: Storage
      • Spa features: None
      • Fencing: Back Yard,Wire
      • Has view: Yes
      • View description: Trees/Woods, Mountain(s)
      Lot
      • Size: 1.31 Acres
      • Features: Hillside Lot, Borders Preserve/Public Land, Cul-De-Sac, Gravel/Stone Front, Synthetic Grass Back, Irrigation Front
      Details
      • Additional structures: Shed(s)
      • Parcel number: 40924162
      • Horses can be raised: Yes

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Stucco, Wood Frame, Block
      • Foundation: Slab, Block
      • Roof: Metal
      Condition
      • Year built: 2005

      Utilities & green energy

      • Electric: 220 Volts in Kitchen
      • Sewer: Septic Tank
      • Water: Pvt Water Company
      • Utilities for property: Propane

      Community & HOA

      Community
      • Security: Security System Owned
      • Subdivision: CHENEY RANCH UNIT 3
      HOA
      • Has HOA: Yes
      • Services included: No Fees
      • HOA fee: $86 annually
      • HOA name: Cheney Ranch
      • HOA phone: 928-243-4871
      Location
      • Region: Show Low

      Financial & listing details

      • Price per square foot: $293/sqft
      • Tax assessed value: $781,658
      • Annual tax amount: $4,796
      • Date on market: 5/12/2026
      • Cumulative days on market: 54 days
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple
      • Electric utility on property: Yes
      • Road surface type: Asphalt

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/12/2026Listed for sale$1,279,000$293/sqft
        Source: ARMLS #7026703 Report a problem
        5/6/2026Listing removed--
        Source: Owner Report a problem
        3/10/2026Listed for sale$1,279,000+6.6%$293/sqft
        Source: Owner Report a problem
        9/30/2025Listing removed$1,200,000$275/sqft
        Source: WMAOR #257246 Report a problem
        7/28/2025Listed for sale$1,200,000-6.3%$275/sqft
        Source: WMAOR #257246 Report a problem
        1/24/2025Listing removed$1,280,000$294/sqft
        Source: WMAOR #253192 Report a problem
        9/28/2024Listed for sale$1,280,000-3.8%$294/sqft
        Source: WMAOR #253192 Report a problem
        4/26/2023Listing removed--
        Source: WMAOR #245473 Report a problem
        4/21/2023Listed for sale$1,330,000+10.9%$305/sqft
        Source: WMAOR #245473 Report a problem
        12/20/2022Listing removed--
        Source: WMAOR #243322 Report a problem
        10/4/2022Listed for sale$1,198,850-1.8%$275/sqft
        Source: WMAOR #243322 Report a problem
        3/15/2022Listing removed--
        Source: Owner Report a problem
        12/5/2021Price change$1,221,000+7.1%$280/sqft
        Source: Owner Report a problem
        9/6/2021Listed for sale$1,140,000+39.5%$261/sqft
        Source: Owner Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        9/1/2020Listing removed$817,000$187/sqft
        Source: Owner Report a problem
        8/11/2020Listed for sale$817,000+4.7%$187/sqft
        Source: Owner Report a problem
        10/14/2019Listing removed$780,000$179/sqft
        Source: Owner Report a problem
        5/20/2019Listed for sale$780,000+48.9%$179/sqft
        Source: Owner Report a problem
        9/3/2017Listing removed$523,777$120/sqft
        Source: ADVANTAGE REALTY PROFESSIONALS - Show Low #213703 Report a problem
        6/10/2017Price change$523,777-2.8%$120/sqft
        Source: ADVANTAGE REALTY PROFESSIONALS - LK #213703 Report a problem
        3/31/2017Listed for sale$538,777-1.4%$124/sqft
        Source: ADVANTAGE REALTY PROFESSIONALS - LK #213703 Report a problem
        12/7/2016Listing removed$546,500$125/sqft
        Source: HomeSmart Professionals #5439831 Report a problem
        11/17/2016Price change$546,500-0.5%$125/sqft
        Source: HomeSmart Professionals #5439831 Report a problem
        10/19/2016Listed for sale$549,500$126/sqft
        Source: HomeSmart Professionals #5439831 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2026$4,796 +4%$78,165 0%
        2025$4,610 +1.5%$78,166 +7.1%
        2024$4,541 +5.7%$73,007 -18.4%
        2023$4,297 -0.1%$89,445 +25.5%
        2022$4,303 +6.4%$71,271 -0.7%
        2021$4,043 +0.2%$71,751 +7.4%
        2020$4,034 +4.8%$66,789
        2019$3,848 +9.9%--
        2018$3,502 --
        2017$3,502 +6.5%--
        2016$3,287 --
        2015$3,287 $27,396
        2014-- --
        2013-- --
        2012-- --
        2011-- --
        2010-- --
        2009-- --
        2008-- --

        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 85901

        Getting around

        0 / 100
        Car-Dependent
        6 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Linden Elementary School
        • Middle: Show Low Junior High School
        • High: Show Low High School
        • District: Show Low Unified District

        Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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