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.
For sale
$1,279,000
862 DREAMY DRAW Circle, Show Low, AZ 85901
4beds
4,361sqft
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
- 59 days |
- 439 |
- 16 |
Zillow last checked:
Listing updated:
Listed by:
Stephen Leonard 602-525-6193,
HomeSmart
Source: ARMLS,MLS#: 7026703

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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
| Date | Event | Price |
|---|---|---|
| 5/12/2026 | Listed for sale | $1,279,000$293/sqft |
Source: | ||
| 5/6/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 3/10/2026 | Listed for sale | $1,279,000+6.6%$293/sqft |
Source: Owner Report a problem | ||
| 9/30/2025 | Listing removed | $1,200,000$275/sqft |
Source: | ||
| 7/28/2025 | Listed for sale | $1,200,000-6.3%$275/sqft |
Source: | ||
| 1/24/2025 | Listing removed | $1,280,000$294/sqft |
Source: | ||
| 9/28/2024 | Listed for sale | $1,280,000-3.8%$294/sqft |
Source: | ||
| 4/26/2023 | Listing removed | -- |
Source: | ||
| 4/21/2023 | Listed for sale | $1,330,000+10.9%$305/sqft |
Source: | ||
| 12/20/2022 | Listing removed | -- |
Source: | ||
| 10/4/2022 | Listed for sale | $1,198,850-1.8%$275/sqft |
Source: | ||
| 3/15/2022 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/5/2021 | Price change | $1,221,000+7.1%$280/sqft |
Source: Owner Report a problem | ||
| 9/6/2021 | Listed for sale | $1,140,000+39.5%$261/sqft |
Source: Owner Report a problem | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 9/1/2020 | Listing removed | $817,000$187/sqft |
Source: Owner Report a problem | ||
| 8/11/2020 | Listed for sale | $817,000+4.7%$187/sqft |
Source: Owner Report a problem | ||
| 10/14/2019 | Listing removed | $780,000$179/sqft |
Source: Owner Report a problem | ||
| 5/20/2019 | Listed for sale | $780,000+48.9%$179/sqft |
Source: Owner Report a problem | ||
| 9/3/2017 | Listing removed | $523,777$120/sqft |
Source: ADVANTAGE REALTY PROFESSIONALS - Show Low #213703 Report a problem | ||
| 6/10/2017 | Price change | $523,777-2.8%$120/sqft |
Source: ADVANTAGE REALTY PROFESSIONALS - LK #213703 Report a problem | ||
| 3/31/2017 | Listed for sale | $538,777-1.4%$124/sqft |
Source: ADVANTAGE REALTY PROFESSIONALS - LK #213703 Report a problem | ||
| 12/7/2016 | Listing removed | $546,500$125/sqft |
Source: HomeSmart Professionals #5439831 Report a problem | ||
| 11/17/2016 | Price change | $546,500-0.5%$125/sqft |
Source: HomeSmart Professionals #5439831 Report a problem | ||
| 10/19/2016 | Listed for sale | $549,500$126/sqft |
Source: HomeSmart Professionals #5439831 Report a problem | ||
Public tax history
| Year | Property taxes | Tax 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 | $27,396 |
| 2014 | -- | -- |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | -- | -- |
| 2008 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
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Climate risks
Neighborhood: 85901
Nearby schools
GreatSchools rating
- 7/10Linden Elementary SchoolGrades: K-5Distance: 0.8 mi
- 3/10Show Low High SchoolGrades: 3-12Distance: 5.1 mi
- 6/10Show Low Junior High SchoolGrades: 6-8Distance: 6.1 mi
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.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Arizona
- Navajo County
- Show Low
- 85901
- 862 DREAMY DRAW Circle







