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$310,000 Just Listed
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Property Description
Welcome to 140 E Cortez Dr, Unit A101 - a rare opportunity to acquire a fully operational, income-producing short-term rental in one of Sedona's most desirable vacation destinations. This 100% turnkey investment is being offered fully furnished, allowing the next owner to seamlessly continue operations and generate immediate revenue from day one. Every detail has already been thoughtfully curated to provide guests with a comfortable, inviting experience, making this property truly ready to go. This successful vacation rental boasts a strong occupancy history and consistent year-over-year profitability, with detailed financial records available to qualified buyers. With Sedona short-term rentals averaging strong occupancy rates and approximately $47,000 in annual revenue on average, the The property itself offers approximately 640 square feet of efficient living space with a well-designed 1-bedroom, 1-bath floor plan--ideal for couples, solo travelers, and vacationing guests seeking an authentic Sedona experience. Its manageable size, low-maintenance footprint, and turnkey presentation make it an ideal investment for both experienced and first-time short-term rental owners. Why Sedona is One of the Best Short-Term Rental Markets in the Country: Sedona is widely recognized as one of the most sought-after vacation destinations in the Southwest, attracting nearly 3 million visitors annually who come for its world-famous red rock scenery, outdoor recreation, vibrant arts scene, and year-round tourism economy. Tourism is the driving force behind Sedona's economy, generating over $1 billion annually and supporting more than 10,000 jobs, which creates sustained demand for quality vacation rental properties. Short-term rental performance in Sedona remains exceptionally strong, with approximately 70% average booking rates and nightly rates averaging over $270 per night, demonstrating the area's robust income potential and consistent guest demand. Guests are drawn to Sedona for: World-renowned hiking, mountain biking, and outdoor adventure Stunning red rock views and natural beauty A thriving arts, dining, and cultural scene Year-round tourism and mild climate Close proximity to wineries, golf, and luxury resort experiences This unbeatable combination makes Sedona one of Arizona's premier short-term rental investment markets. Investment Highlights: Fully furnished and turnkey short-term rental Proven income history with financials available High occupancy rate and strong cash flow potential Immediate revenue opportunity - no setup required Located in one of Sedona's most desirable visitor areas Ideal for investors seeking passive income or a vacation home with rental upside Whether you are looking to expand your investment portfolio, generate passive income, or own a vacation retreat that pays for itself, this turnkey Sedona short-term rental presents an exceptional opportunity in one of Arizona's most profitable and in-demand vacation rental markets.
Full Property Details
Full Property Details for 140 E Cortez Dr #A101
General
- Price: $310,000
- HOA FEE: $270/month
- Taxes: $569 (2025)
- Status: Active
- Type: Apartment
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6989714
- Updated: 2/27/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Granite Counters, Eat-in Kitchen, Full Bth Master Bdrm
- Appliances: Refrigerator, Built-in Microwave, Electric Range
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Other Rooms
- Laundry: See Remarks, Engy Star (See Rmks)
Parking
- Parking Features: Off Street, Unassigned, Common
Location
- County: Yavapai
- Township: 16
- Subdivision: OAK CREEK VILLAS CONDOMINIUMS BUILDING A
- Cross Streets: Hwy 179 and Cortez
Community
- Association: Yes
- Assoc. Name: Sedona Sunrise II
- Assoc. Fees Include: Roof Repair, Insurance, Maintenance Grounds, Front Yard Maint, Trash, Roof Replacement, Maintenance Exterior
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Forced Air, Natural Gas
Utilities
- Water: Pvt Water Company
Structural Information
- Exterior Const.: Wood Siding, Wood Frame, Block
- Roof: Composition
- Windows: Dual Pane
- Sq. Ft. Source: Assessor
- Year Built: 1985
Lot Features
- Property View: Red Rocks/Boulders, Mountain(s)
- Mountain views: Yes
- Lot Size (Acres): 0.01
- Lot Size (Sq. Ft.): 320
- Lot Size Source: Assessor
- Frontage: Paved, Asphalt
- Lot Features: Gravel/Stone Front, Gravel/Stone Back
Financial Considerations
- Association Fee: $270
- Assoc Fee Freq.: Monthly
- Tax Amount: $569
- Tax Year: 2025
- Terms: Cash, Conventional, FHA, VA Loan
Disclosures and Reports
- Ownership: Fee Simple
- Legal Description: OAK CREEK VILLAS CONDOMINIUMS BUILDING A UNIT 101A CONT .01AC SEC 18-16-6E M&P 58/74-80
- Property ID: 405-41-069-A
- Range: 6E
- Section: 18
- Lot Number: A101
Listed by eXp Realty
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Schools
Schools serving 140 E Cortez Dr #A101
School District:Sedona-Oak Creek Joint Unified District
| Name | Grades | Distance |
|---|---|---|
West Sedona Elementary School 570 Posse Ground Road, Sedona, AZ 86336 | PK-6 | 6.6 mi |
Sedona Red Rock High School 995 Upper Red Rock Loop Road, Sedona, AZ 86336 | 7-12 | 6.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 140 E Cortez Dr #A101
Date
Details
Price
Change
Source
2/26/2026
Listed
$310,000
—
MLS
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 140 E Cortez Dr #A101
Year
Property Taxes
Change
Tax Assessment
Change
2024
$545
100%
$25,814
-3%
2024
-100%
$26,486
—
2022
$520
—
$26,573
49%
2022
$520
-2%
$17,864
25%
2021
$528
—
$14,319
3%
2020
$528
1%
$13,888
100%
2019
$523
5%
-100%
2018
$499
3%
$9,650
13%
2017
$486
1%
$8,534
60%
2016
$479
5%
$5,323
13%
2015
$455
9%
$4,700
5%
2013
$417
—
$4,462
—
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 140 E Cortez Dr #A101
140 E Cortez Drive #A101, Sedona, AZ 86351 (MLS# 6989714) is a Apartment property with 1 bedroom and 1 full bathroom. 140 E Cortez Drive #A101 is currently listed for $310,000 and was received on February 26, 2026. Want to learn more about 140 E Cortez Drive #A101? Do you have questions about finding other Apartment real estate for sale in Sedona? You can browse all Sedona real estate or contact a Coldwell Banker agent to request more information.

