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For sale
  • Price cut: $40K (10/1)
    $1,099,000

    862 DREAMY DRAW Circle, Show Low, AZ 85901

    3beds
    4,361sqft
    : 
    $6,861/mo
    Get pre-qualified
    Single Family Residence
    Built in 2005
    1.31 Acres Lot
    $-- Zestimate®
    $252/sqft
    $7/mo HOA

    What's special

    Private keypad-gated entranceSpacious kitchenTwo distinct dining areasLuxury primary suiteLight-filled spaceBacks national forestExpansive windows
    INCREDIBLE BUYER OPPORTUNITY; NEW PRICE! Seller is offering a premium 2-1 interest rate buydown to significantly lower your mortgage payments for the first two years! (Subject to lender guidelines and an acceptable contract). BACKS NATIONAL FOREST • 1.33 ACRES • OVER 4,000 SQ. FT. • UNIVERSAL ACCESSIBILITY (ADA COMPLIANT) • 3 BEDROOMS + MEDIA/OFFICE ROOM • SUNROOM• OVER 800 SQ. FT. PORCH and DECK Discover a rare combination of massive space, absolute privacy, and seamless National Forest living at 862 Dreamy Draw Circle. Priced to sell at $1,099,000, this impressive Show Low mountain estate offers the serenity and elbow room buyers crave--with a nominal HOA fee of just $86/year, entirely bypassing the high costs and strict rules of gated golf communities. THE SETTING :UNMATCHED OUTDOOR LIVING: What truly sets this property apart is the unparalleled setting and spectacular outdoor living space. Situated on 1.33 beautifully landscaped acres backing directly to the National Forest, you can step out onto an expansive 800+ square foot back porch and deck to enjoy panoramic forest views, abundant wildlife, and the peaceful surroundings of the White Mountains. A private, keypad-gated entrance ensures total security. Exceptional capital improvements offer absolute peace of mind, including high-end Andersen windows and doors, a freshly painted interior (2026), and a brand-new premium metal roof installed by Collier's Roofing in 2025. THE LIVING SPACE:COMFORT ACCESSIBILITY: With over 4,000 sq. ft. of masterfully designed living space, this home provides an exceptional layout for family, guests, and grand-scale entertaining. A grand foyer leads to an impressive great room featuring soaring tongue-and-groove vaulted ceilings, expansive windows, and a dramatic floor-to-ceiling custom flagstone fireplace highlighted by a distinctive burl wood mantel. The home is mindfully built with Universal Design/ADA-compliant features throughout, offering extra-wide 36-inch doorways accessing the main living spaces and bedrooms for effortlessly smooth navigation. The spacious kitchen was designed for gathering,offering abundant custom cabinetry, a large center island, generous counter space, and two distinct dining areas. A wet bar adjoining the living area provides the perfect setup for hosting, while a beautiful Sunroom offers a light-filled space to relax and take in the forest views year-round. ACCOMMODATIONS: · The Luxury Primary Suite: A massive private retreat featuring a comfortable sitting area overlooking the peaceful forest, a convenient coffee/wet bar, and an oversized walk- in closet. The luxurious bath features dual vanities, abundant storage, and a zero-threshold roll-in tile shower complete with premium handicap-accessible features. · Guest Suites: Includes two additional spacious guest bedrooms. A second fully accessible bathroom boasts its own roll-in shower and custom assistance features, ensuring maximum comfort for multi-generational living or guests. · The Media/Office Room: A versatile, separate media space perfectly suited for movie nights, a home gym, or an executive office layout. Lovingly maintained as a second home by its original owner, this residence demonstrates flawless pride of ownership. For the buyer seeking substantial acreage, over 4,000 sq. ft. of pristine living space, incredible deck space, a private gated entrance, and the National Forest as your permanent backyard neighbor, Dreamy Draw offers something increasingly impossible to find. This newly reduced price will not last--schedule your private showing today and experience this true mountain estate for yourself.
    155 days
    441
    18

    Zillow last checked:

    Listing updated:

    Listed by:

    Stephen Leonard 602-525-6193,

    HomeSmart

    Source: ARMLS,MLS#: 7026703MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • 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: Carpet, 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, Zero-Grade Entry, Hard/Low Nap Floors, Bath Roll-In Shower, Bath Grab Bars, Accessible Hallway(s)
      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: $252/sqft
      • Tax assessed value: $781,658
      • Annual tax amount: $4,796
      • Date on market: 5/12/2026
      • Cumulative days on market: 150 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
        10/1/2026Price change$1,099,000-3.5%$252/sqft
        Source: ARMLS #7026703 Report a problem
        9/8/2026Price change$1,139,000-1.7%$261/sqft
        Source: ARMLS #7026703 Report a problem
        8/13/2026Price change$1,159,000-1.6%$266/sqft
        Source: ARMLS #7026703 Report a problem
        7/24/2026Price change$1,178,000-7.9%$270/sqft
        Source: ARMLS #7026703 Report a problem
        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
        6/10/2017Listed for sale$523,777$120/sqft
        Source: ADVANTAGE REALTY PROFESSIONALS - LK #213703 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

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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.
        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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