862 Dreamy Draw Circle, Show Low, AZ 85901

$1,178,000
4
BD
4
BA
4,361
SqFt

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List Price
$1,178,000
Price Change
▼ $101,000 1784937013
Days on Market
87
Status
ACTIVE
MLS#
7026703
City
Show Low
Bedrooms
4
Bathrooms
4
Living SQFT
4,361
Lot Size
56,872
Subdivision
Cheney Ranch Unit 3
Year Built
2005
Type
Single Family Residence

Property Description

PRICE CORRECTION & UNIQUE FINANCING SPECIAL: BACKS NATIONAL FOREST! 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.

Additional Information

Elementary School
Linden Elementary School
High School
Show Low High School
Middle School
Show Low Junior High School
Acres
1.31
Architecture
Ranch
Assoc Fee Includes
No Fees
Hoa Fee
$86
Hoa Fee Frequency
Annually
Hoa
Yes
Hoa Name
Cheney Ranch
Builder Name
Custom
Community
Cheney Ranch Unit 3
Construction
Block, Wood Frame, Stucco
Cooling
Ceiling Fan(s), Central Air, Gas
Electric
220 Volts in Kitchen
Exterior Features
Storage
Fencing
Wire, Back Yard
Fireplace
Family Room, Gas
Flooring
Tile
Garage Spaces
3
Accessibility Features
Accessible Door 32in+ Wide, Bath Roll-In Shower, Bath Grab Bars, Customized Wheelchair Accessible
Heating
Propane
Horses
Yes
Laundry
Washer Hookup, Inside
Living Area
4,361
Lot Size
56,872
New Financing
Cash, Conventional
Other Rooms
Great Room
Parking Features
Garage Door Opener, Circular Driveway, Attached Garage
Lot Features
Borders Preserve/Public Land, Hillside Lot, Cul-De-Sac, Gravel/Stone Front, Synthetic Grass Back, Irrigation Front
Roofing
Metal
Sewer
Septic-In & Connected
Spa
None
Stories
1
Style
Ranch
Subdivision
Cheney Ranch Unit 3
Taxes
$4,796
Tax Year
2025
Utilities
Propane
Water
Pvt Water Company

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Calculator source: Real Geeks

Listing courtesy of HomeSmart.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.