4 Beds
3.5 Baths
4,361 SqFt
4 Beds
3.5 Baths
4,361 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,361 sqft
Price per Sqft $270
Subdivision Cheney Ranch Unit 3
MLS Listing ID 7026703
Style Ranch
Bedrooms 4
Full Baths 3
Half Baths 1
HOA Fees $86/ann
HOA Y/N Yes
Year Built 2005
Annual Tax Amount $4,796
Tax Year 2025
Lot Size 1.306 Acres
Acres 1.31
Property Sub-Type Single Family Residence
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
PRICE DROPPED TO SELL: The best-priced luxury estate in Show Low.
EXCLUSIVE LENDER INCENTIVE: Don't let today's interest rates hold you back. The seller is offering a fully funded 2-1 Rate Buydown for the buyer!
• YEAR 1: Your interest rate is slashed by 2.0%,YEAR 2: Your interest rate is reduced by 1.0%, This gives you immediate financial breathing room and a heavily reduced monthly payment while keeping the asset value secure.
THE PROPERTY:
Nestled on 1.33 pristine acres and directly backing the National Forest, 862 Dreamy Draw Circle offers unparalleled privacy and luxury without the constraints or high fees of a gated golf community.
• Premium Acreage: Endless forest views right out out your back door with direct trail access. Luxury Outlier: Over 4,000 sq. ft. of high-end craftsmanship, massive windows, and premium finishes that far exceed standard neighborhood builds. Space & Privacy: Unmatched elbow room and tranquility that you simply cannot find in cramped subdivisions. Schedule your showing today before this rate-incentive opportunity is gone!
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: 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.
Location
State AZ
County Navajo
Community Cheney Ranch Unit 3
Area Navajo
Direction Directions to 862 Dreamy Draw in Show Low: From Highway 260, turn onto Cheney Ranch Loop. Turn right onto Dreamy Draw Circle cul de sac. Continue following Dreamy Draw to the property on the right.
Rooms
Other Rooms Great Room
Master Bathroom Double Sink
Den/Bedroom Plus 4
Separate Den/Office N
Interior
Interior 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
Heating Propane
Cooling Gas, Central Air, Ceiling Fan(s)
Flooring Tile
Fireplaces Type Family Room, Gas
Fireplace Yes
Window Features Screens,Skylight(s),Dual Pane
Appliance Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range, Electric Cooktop, Built-In Electric Oven
SPA None
Laundry Inside, Wshr/Dry HookUp Only
Exterior
Exterior Feature Storage
Parking Features Attached Garage, Garage Door Opener, Circular Driveway
Garage Spaces 3.0
Garage Description 3.0
Fence Back Yard, Wire
Landscape Description Irrigation Front
Utilities Available Butane Propane
View Trees/Woods, Mountain(s)
Roof Type Metal
Accessibility Accessible Door 2013 32in Wide
Porch Covered Patio(s)
Total Parking Spaces 3
Private Pool No
Building
Lot Description Hillside Lot, Borders Preserve/Public Land, Cul-De-Sac, Gravel/Stone Front, Synthetic Grass Back, Irrigation Front
Story 1
Builder Name Custom
Sewer Septic in & Cnctd, Septic Tank
Water Pvt Water Company
Architectural Style Ranch
Structure Type Storage
New Construction No
Schools
Elementary Schools Linden Elementary School
Middle Schools Show Low Junior High School
High Schools Show Low High School
School District Show Low Unified District
Others
HOA Name Cheney Ranch
HOA Fee Include No Fees
Senior Community No
Tax ID 409-24-162
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Horse Property Y
Disclosures Agency Discl Req, Seller Discl Avail
Possession Close Of Escrow
Listing Terms Cash, Conventional
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
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