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Property Description
Magnificent mountain estate with unobstructed, million dollar views of the Mogollon Rim! Surrounded by tall pines this private 2.22AC property, this custom home will impress with 4911sf and an open floorplan. Almost new metal roof on both buildings and concrete board siding for low maintenance. Solar is owned and average elctric bill is $21/month! Cathedral ceiling in the living room is tongue and groove and there is a natural rock, wood-burning fireplace. Gorgeous kitchen features a Viking gas cooktop, island, convection oven, refrigerator, granite countertops and solid wood walnut cabinetry. Enjoy dining with stellar views and access to an outdoor Grand Turbo Grill Station with rotisserie. Spa-like ensuite on main level includes jetted tub, walk-in shower, makeup vanity, double sinks and large walk-in closet. Massive main bedroom provides access to open deck space. Beautiful office space and library have built-in desks with granite surfaces and abundant bookshelves. Laundry room is spacious and is off the attached 3 car garage, which has an almost new epoxied floor. Lower level are distinct living areas with a game room and bar with wine cooler, refrigerator and a gas fireplace. Guest bedroom sleeps four and has a bathroom with shower. Large family room for entertaining family and friends with access to covered patio. Spacious Master Bedroom with elegant ensuite with soaking tub-shower combo and closet. Home has automated fire suppression system, surround sound and instant hot water. Covered patio has Rainscaping above to seal off rain, Extensive Trex decking on main level and covered area for dining. Detached 2-car, pass through garage below house has plenty of room for your mountain gear and toys. The backyard is fenced and the entire property has been firewised. Horses are allowed.
Full Property Details
Full Property Details for 1807 E Underwood Ln
General
- Price: $2,500,000
- Taxes: $8,380 (2025)
- Status: Active
- Type: Single Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7036948
- Updated: 6/3/2026
- Added to Site: Today
Interior
- Interior Features: Eat-in Kitchen, Breakfast Bar, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm
- Fireplace: Yes
- Number of Fireplaces: 2
- Fireplace(s): Wood Burning, Gas
- Appliances: Refrigerator, Dishwasher, Disposal
- Flooring: Carpet, Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Inside
Additional Information
- Security/Safety: Fire Sprinkler System
Exterior
- Exterior Features: Balcony
Parking
- Garage: Yes
- Garage Spaces: 3
- Parking Features: Garage Door Opener, Circular Driveway, Separate Strge Area, Detached
Location
- County: Gila
- Subdivision: Payson 3 Unit 1
Community
- Assoc. Fees Include: No Fees
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Solar, Forced Air, Propane
Utilities
- Water: City Water
- Utility Description: Propane
Structural Information
- Builder: Iverson
- Exterior Const.: Cement Siding, Wood Frame
- Roof: Metal
- Sq. Ft. Source: Appraiser
- Year Built: 2006
Lot Features
- Property View: Mountain(s)
- Mountain views: Yes
- Lot Size (Acres): 2.22
- Lot Size (Sq. Ft.): 96,703
- Lot Size Source: Assessor
- Frontage: Asphalt
- Lot Features: North/South Exposure, Hillside Lot, Sprinklers In Front
Horse Property
- Horse Property: Yes
Green Features
- Energy Efficient: Multi-Zones
Financial Considerations
- Tax Amount: $8,380
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Ownership: Fee Simple
- Property ID: 302-84-025-K
- Lot Number: 25K
Listed by Realty One Group
Get Pre-Approved Today
Schools
Schools serving 1807 E Underwood Ln
School District:Payson Unified District
| Name | Grades | Distance |
|---|---|---|
Julia Randall Elementary School 902 West Main Street, Payson, AZ 85541 | 3-5 | 3.6 mi |
Payson Center for Success - Online 902 West Main Street, Payson, AZ 85541 | 7-12 | 3.6 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 1807 E Underwood Ln
Date
Details
Price
Change
Source
6/03/2026
Listed
$2,500,000
454.78%
MLS
8/18/2009
Sold
$450,633
—
Public Record
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
Tax History for 1807 E Underwood Ln
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,700
4%
$109,639
54%
2024
$8,380
3%
$71,099
-27%
2023
$8,115
3%
$97,064
4%
2022
$7,865
7%
$93,343
47%
2021
$7,384
4%
$63,638
—
2020
$7,094
—
$63,639
100%
2020
$7,094
9%
-100%
2018
$6,480
7%
$58,114
-9%
2017
$6,041
2%
$63,735
6%
2016
$5,916
9%
$60,256
8%
2015
$5,447
16%
$55,838
26%
2013
$4,684
—
$44,187
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1807 E Underwood Ln
1807 E Underwood Lane, Payson, AZ 85541 (MLS# 7036948) is a Single Family property with 3 bedrooms and 3 full bathrooms. 1807 E Underwood Lane is currently listed for $2,500,000 and was received on June 03, 2026. Want to learn more about 1807 E Underwood Lane? Do you have questions about finding other Single Family real estate for sale in Payson? You can browse all Payson real estate or contact a Coldwell Banker agent to request more information.

