Rio Verde, Arizona – Real Estate Profile
Custom Home with a Large Lot
When local residents talk about Rio Verde, they are talking about two different communities. First there is a master planned, active-adult community in Rio Verde that is roughly 5 miles from prestigious North Scottsdale. “The Verdes” consist of 3 active adult communities; Rio Verde, Vista Verde, and Tonto Verde (www.TheVerdes.com). The second community is called Rio Verdi. This rural area is home to many horse ranchers, custom homes, and those who enjoy living on larger lots with privacy and limited HOA’s.
Rio Verde offers luxurious amenities and breath-taking views. Lot sizes start at one-acre parcels with unbeatable sale prices. Rio Verde offers buyers opportunity to purchase prime real estate in one of Arizona’s best locations for investment.
Buying Real Estate in the Rio Verde Foothills
Buying a home or piece of land in Rio Verde has many advantages. Some of the country’s top builders have produced gorgeous, custom homes with views that cannot be found anywhere else.
Homes in Rio Verde start from $119,900 to $799,000. Residential lots range between $87,000 to over $800,000 ranging from 1 acre to just over 5 acres. None of these prices include foreclosures.
Buying Real Estate in The Verde’s
The Verde’s features a beautiful clubhouses, golf courses, pools, spas, exercise rooms, fine dining and much more. Nearby is hiking, biking and recreation of all kinds in the Tonto National Forest and the Mc Dowell Mountain Regional Park, and just minutes to other sensational valley cities. It’s one of the most exciting places to call home!
Prices for homes in the Verde’s range from $150,000 to $1,800,000. Land and lots in The Verde’s begin at $85,000 and go as high as $795,000. These prices do not include foreclosures.
If you are considering buying or selling a home or piece of land in Rio Verde, the Gary May Group realtors are Rio Verde real estate specialist and offer a wealth of experience and knowledge. Real Estate sales are prime in Rio Verde, and the Gary May Group is here to assist all your buying needs.
Rio Verde Foothills Home and Land Foreclosures
Rio Verde Custom Kitchen
Fourteen foreclosed single family homes sold in the Rio Verde Foothills in 2009. The average home foreclosed sale price was $298,000 for just over 3,300 square feet. Rio Verde Foothills sold foreclosures averaged less than 50 days on the market.
Investors of real estate foreclosures are spending roughly $92 per square foot for a foreclosed home. The average non-foreclosed home costs roughly $171.00 per square foot, a difference of well over $80 per square foot.
Fifteen foreclosed lots have sold between 1 and 5 acres with an average real estate sale price of $79,000 for all of 2009. Lots are moving quickly on the market spending as little as 2 days on the market. As investorsand home buyers foresee a great return, demand for foreclosures has greatly eliminated most of these real estate bargains. As a result, finding and getting a foreclosed property requires expertise.
The Verdes Home and Land Foreclosures
In 2009 The Verde’s had 8 foreclosed homes sell with an average sale price of $404,000 for just over 2,700 square feet. Most of these foreclosures spent close to a 1 year on the market before being sold. Buyers are spending on average $133 per square foot for a foreclosed home in The Verde’s.
In all of 2009 no foreclosed land was sold in The Verde’s. Currently there are 2 foreclosed pieces of land available in the Verdes for $50,000 and $175,000.
To find a foreclosed Rio Verde property and get the best possible deal, contact the Gary May Group. We have realtors who specialize in the sale of foreclosed properties and distressed homes.
Rio Verde Foreclosures, Bank Owned Homes, Short Sales
Rio Verde Foothills Land and Buildable Lots
Rio Verde envelops over 5 square miles of buildable land in The Verdes. Beginning roughly at 136th Street, just east of Troon North in Scottsdale is the border of Rio Verde. One acre non-foreclosed lots are available for purchase, starting at $87,000. These lots offer the privacy and tranquility that many home buyers seek. Room for horses, off road sport vehicles, or whatever your outdoor pleasure, Rio Verde’s massive land area has no limits!
The Verde’s Land and Buildable Lots
For those seeking to build in one of the 3 beautiful Verde’s golf communities, prices begin at $85,000 for non-foreclosures. Residents can build their dream home and enjoy the dozens of amenities throughout the different communities.
The Gary May Group can help you locate that special parcel of land and assist you in fulfilling your home building dreams.
Commercial Real Estate in all of Rio Verde
Homeowners in Rio Verde enjoy the rural lifestyle of the community. Therefore, commercial real estate is highly discouraged. Because Rio Verde is in close proximity to Fountain Hills and Scottsdale, the conveniences of shopping and entertainment are just minutes away. Recreational activities and the natural surrounding area dominate Rio Verde. Additionally, topography and flood plains limit the area’s potential for commercial real estate. At present, commercial real estate businesses are being encouraged to build at Alma School Road and Dynamite Road in North Scottsdale, just minutes from Rio Verde.
Rio Verde Documents
- Rio Verde Homeowners’ Association CC and Rs
- Rio Verdi Architectural Guidelines
- Rio Verde Rules
- Rio Verde Planning Area Map
- Rio Verde Existing Land Use Map
- Rio Verde Open Space, Trails, and Access Areas Map
Taxes
In 2008 the average household in Rio Verde spent $2,303 on property taxes. Due to the state equalization tax (helps fund education in Arizona), homeowners in Maricopa County can expect to see a 3-4% increase in their property taxes this year. However, despite the equalization tax, some homeowners may see a decrease in taxes if certain school and tax districts cut their rates. Maricopa County has one of the lowest property tax rates in all of Arizona, averaging $1.45 per $100 of assessed value.
Growth and Development
The entire area of Rio Verde is 5.42 square miles, and consists of custom homes, villas, and recreation lands. It is surrounding by the conservation lands the Tonto National Forest.
As of the 2000 census, Rio Verde’s population was 1,419. The Arizona Department of Economic Security reports a Rio Verde population growth of 29.81% and projects that by the year 2020, a Rio Verde population of roughly 3,700.
Future home sites and planning of communities in Rio Verde moves at a much slower pace than other surrounding areas. The importance of preservation in Rio Verde is high. Residences choose to live in Rio Verde and commute because they want the natural beauty and serenity the area has to offer. Many home buyers are choosing to have custom built homes in Rio Verde, but the future does include the sale of existing homes.
Key Characteristics of the Rio Verde Foothills Area
Golf Course View From a Backyard
- The Rio Verde Foothills consist of just 11,000 acres.
- The Rio Verde Foothills are landlocked by the 4 million acre Tonto National Forest, Bartlett Lake, the Verde River, the Mazatal Mountains, the 22,000 acre McDowell Mountain Regional Park
- Shares a border and a zip code with the wealthiest corridor of North Scottsdale.
- Favorable 1 acre zoning prevents over-development and promotes the rural-estate lifestyle that typifies the area.
- There is an increasingly larger contingent of high-net-worth residents in the Rio Verde Foothills, as well as several large Arabian Horse Ranches.
- World Class resorts, shopping, restaurants, and 6 golf courses are all within a few minutes’ drive.
- Beautiful horse and hiking trails through national forests and regional parks are close at hand. The opportunities for outdoor recreation are limitless:
- National Forest trails
- Regional Park trails
- Horseback riding
- Bartlett Lake
- Verde River
- 6 golf courses within 6 miles
- Current real estate prices for new homes and buildable land in the Rio Verde Foothills are a fraction of those in North Scottsdale yet they are only minutes apart.
- The scenery is unmatched and truly unique because of the location.
- Organized community groups protect land values and look out for one another.
AREA ACTIVITY
Parks and Preserve Access
Click on map to enlarge
Rio Verde Trail Map
Rio Verde Trail Map
Currently Rio Verde is home to many equestrian estates and ranches. There are ample trails for horseback riding, mountain biking, hiking, and walking within minutes of the property. Today, as Rio Verde is growing and the number of property owners increase, McDowell Regional Mountain Park has improved access to outdoor recreation. Currently there is a proposal for a series of new trails to compliment the current trail system within the park. Once approved, the trails are expected to be actualized by summer 2009. The following is a map of the park and the proposed trail system which will enhance the quality of outdoor recreation in the 22,000 acre McDowell Regional Park area.
Geographic Detail Map
This map shows many of the local developments surrounding the Rio Verde Foothills.
View Larger Map
Rio Verde Demographics
2000 U.S. Census Data, adjusted for inflation
| DEMOGRAPHIC DATA BY ZIP CODE 85263 | ||||
|---|---|---|---|---|
| Population | Households | |||
| Total Population | 2,306 | Total Households | 1,107 | |
| Male Population | 1,125 (48.79%) | Family Households | 852 | |
| Female Population | 1,181 (51.21%) | Non-Family Households | 255 | |
| Percent Change Since 1990 | n/a | Households with Children | 157 | |
| Percent Change Since 2000 | 51% | Households without Children | 949 | |
| Density (Persons per Square Mile) | 83.00 | Average People per Household | 2.08 | |
| Median Age | 59.68 | |||
Tags: realestate foreclosure, bank owned properties, REO, realestate, real estate, real estate foreclosures, real estate short sales
For a current listing of Rio Verde foreclosures contact the Gary May Group, Rio Verde foreclosures specialists.
