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$4,395,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 20 Total Beds
  • Updated 9 hours ago
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Boardwalk Apartments at Fountain Park: 12-unit boutique courtyard community, a 1988 masonry office building taken to shell and converted to residential in 2025. 100% occupied, no concessions. $1,981 avg rent ($2.49/SF), a 55% premium to the Fountain Hills comp set. 5.12% cap on $224,979 owner-operated NOI. $366,250/unit, in line with the $366K median of 10 Phoenix-metro small MF sales since 1/2025. 20.7% expense ratio, owned solar array, poured concrete parking, all-new systems, in-unit W/D. No multifamily pipeline in supply-constrained Fountain Hills. OM available. Property owners are licensed real estate professionals in the State of Arizona. Connect with broker for an exterior property tour. Do not disturb tenants.

Full Property Details for 12005 N Panorama Dr

General

  • Price: $4,395,000
  • HOA FEE: $6,600
  • Taxes: $4,761 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7091053
  • Updated: 10/8/2026
  • Added to Site: Today

Interior

  • Appliances: Dishwasher, Refrigerator, Free-Standing Electric Oven, Built-In Electric Oven, Microwave, Washer/Dryer
  • Flooring: Vinyl, Concrete

Rooms

Bathrooms

  • Total Bathrooms: 12

Bedrooms

  • Total Bedrooms: 20

Parking

  • Parking Features: Off Street, Other, Paved, Free, >1 Space Per Unit

Location

  • County: Maricopa
  • Township: 3N
  • Subdivision: FOUNTAIN HILLS AZ 302A
  • Cross Streets: Saguaro BLVD & Panorama Drive

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Ceiling Fan(s), Evaporative Cooling, Electric
  • Heating Type: Solar, Electric

Utilities

  • Water: Master Meter, City Franchise

Structural Information

  • # Buildings: 2
  • Exterior Const.: Wood Frame, Stucco, Stone
  • Roof: Foam
  • Year Built: 1988

Lot Features

  • Lot Dimensions: 150' x 140'
  • Frontage: Concrete, Gravel
  • Zoning: C-3

Financial Considerations

  • Maint. Fee/Month: $6,600
  • Tax Amount: $4,761
  • Tax Year: 2025
  • Terms: Cash to Loan, Cash, No Carry, Conventional, 1031 Exchange
  • Owner Pays: Trash Collection, Sewer, Landscaping

Disclosures and Reports

  • Legal Description: LOT 13 FOUNTAIN HILLS AZ 302A MCR 016443
  • Property ID: 176-08-601-A
  • Range: 6E
  • Section: 23
  • Lot Number: 13

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— 12005 N Panorama Dr —

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NMLS#: 1598647

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Be ready to buy your new home!

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NMLS#: 1598647

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Schools serving 12005 N Panorama Dr

School District:Fountain Hills Unified District
NameGradesDistance
McDowell Mountain Elementary School
14825 North Fayette Drive, Fountain Hills, AZ 85268
PK-31.9 mi
Fountain Hills Middle School
15414 N McDowell Mountain Rd, Fountain Hills, AZ 85268
4-82.2 mi
Fountain Hills High School
16100 East Palisades Boulevard, Fountain Hills, AZ 85268
9-121.9 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 12005 N Panorama Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/08/2026
Listed
$4,395,000
213.93%
MLS
12/27/2024
Sold
$1,400,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 12005 N Panorama Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,761
-7%
$149,374
16%
2024
$5,097
5%
$128,640
-6%
2023
$4,854
100%
$136,637
100%
2022
—
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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12005 N Panorama Drive, Fountain Hills, AZ 85268 (MLS# 7091053) is a Multi-Family property with 12 units containing 20 bedrooms and 0 full bathrooms. 12005 N Panorama Drive is currently listed for $4,395,000 and was received on October 08, 2026. Want to learn more about 12005 N Panorama Drive? Do you have questions about finding other Multi-Family real estate for sale in Fountain Hills? You can browse all Fountain Hills real estate or contact a Coldwell Banker agent to request more information.

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