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$1,650,000

Beds
3
Baths
2.5
sq ft
2,900

16410 East Leo Drive, Fountain Hills, AZ 85268

16410 East Leo Drive

Fountain Hills, AZ 85268

  • 7 days on market
Nestled on over an acre of pristine desert landscape, this custom estate is a rare find, seamlessly blending contemporary sophistication with the natural beauty of Arizona. From the moment you step inside, you'll be captivated by panoramic views of Four Peaks and Fire Rock, framed by expansive windows that bathe the home in natural light. The open floor plan and soaring ceilings create a sense of space and grandeur, enhanced by architectural details such as stunning vigas and three fireplaces. The heart of the home is the chef-inspired kitchen, featuring illuminated white glass cabinets, high-end stainless steel appliances, a sleek induction cooktop, and luxurious terrazzo and quartz countertops. Whether you're preparing a gourmet meal or enjoying your morning coffee, the breathtaking views from the kitchen are sure to inspire. Step outside to your east-facing covered patio, where you can relax and unwind while soaking in the serene surroundings. The backyard is an entertainer's paradise, featuring a newly added expansive ramada, perfect for outdoor dining and lounging in style. The thoughtfully designed outdoor space also includes a new pool and spa, lush landscaping, and a putting green, ideal for perfecting your short game or hosting gatherings. The primary suite is a retreat in itself, boasting vaulted ceilings, a spa-like bathroom with a whirlpool therapy tub featuring an ozonator, and a spacious walk-in closet. Two additional guest bedrooms offer comfort and privacy, including a versatile Murphy bed with its own private patio access. With no HOA, this home provides flexibility and freedom, all while offering unparalleled luxury and style. Located in a quiet and picturesque setting, yet close to the amenities of Fountain Hills, this estate truly embodies the best of Arizona living. This is more than a homeit's a lifestyle. Make it yours today!

Details

Property type

Single Family Residence

Est. home value

$1,207,477

Lot size

1.14 acres

Price per sq ft

$569

Year built

1992

Annual property taxes

$2,973

HOA

No

Price History

02/28/2025
ArizonaRegional

ArizonaRegional #6825514

Listed
$1,650,000
+106.25%
04/04/2019
ArizonaRegional

ArizonaRegional #5869124

Sold
$800,000
+39.37%
12/19/2013
ArizonaRegional

ArizonaRegional #4978170

Sold
$574,000

Schools & Community

Elementary school: 

McDowell Mountain Elementary School

Middle school: 

Fountain Hills Middle School

High school: 

Fountain Hills High School

High school district: 

Fountain Hills Unified District

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Finance Of America Reverse Llc

Loan start date

March 2022

Original loan amount

$1,756,500

Est. remaining balance

Not provided

Interest rate

3.55%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 93 year

Seller

Jeffrey D Webb and Karen T Otis

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 03/03/2025 at 9:30 PM

Listing updated: 03/02/2025 at 1:10 AM

Listed by: Lisa Murray, Russ Lyon Sotheby's International Realty Phone #: (480) 809-4255

MLS: ArizonaRegional #6825514

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