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$1,139,000
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Property Description
INCREDIBLE BUYER OPPORTUNITY; NEW PRICE! Seller is offering a premium 2-1 interest rate buydown to significantly lower your mortgage payments for the first two years! (Subject to lender guidelines and an acceptable contract). BACKS NATIONAL FOREST "¢ 1.33 ACRES "¢ OVER 4,000 SQ. FT. "¢ UNIVERSAL ACCESSIBILITY (ADA COMPLIANT) "¢ 3 BEDROOMS + MEDIA/OFFICE ROOM "¢ SUNROOM"¢ OVER 800 SQ. FT. PORCH and DECK Discover a rare combination of massive space, absolute privacy, and seamless National Forest living at 862 Dreamy Draw Circle. Priced to sell at $1,139,000, this impressive Show Low mountain estate offers the serenity and elbow room buyers crave--with a nominal HOA fee of just $86/year, entirely bypassing the high costs and strict rules of gated golf communities. THE SETTING :UNMATCHED OUTDOOR LIVING: What truly sets this property apart is the unparalleled setting and spectacular outdoor living space. Situated on 1.33 beautifully landscaped acres backing directly to the National Forest, you can step out onto an expansive 800+ square foot back porch and deck to enjoy panoramic forest views, abundant wildlife, and the peaceful surroundings of the White Mountains. A private, keypad-gated entrance ensures total security. Exceptional capital improvements offer absolute peace of mind, including high-end Andersen windows and doors, a freshly painted interior (2026), and a brand-new premium metal roof installed by Collier's Roofing in 2025. THE LIVING SPACE:COMFORT ACCESSIBILITY: With over 4,000 sq. ft. of masterfully designed living space, this home provides an exceptional layout for family, guests, and grand-scale entertaining. A grand foyer leads to an impressive great room featuring soaring tongue-and-groove vaulted ceilings, expansive windows, and a dramatic floor-to-ceiling custom flagstone fireplace highlighted by a distinctive burl wood mantel. The home is mindfully built with Universal Design/ADA-compliant features throughout, offering extra-wide 36-inch doorways accessing the main living spaces and bedrooms for effortlessly smooth navigation. The spacious kitchen was designed for gathering,offering abundant custom cabinetry, a large center island, generous counter space, and two distinct dining areas. A wet bar adjoining the living area provides the perfect setup for hosting, while a beautiful Sunroom offers a light-filled space to relax and take in the forest views year-round. ACCOMMODATIONS: · The Luxury Primary Suite: A massive private retreat featuring a comfortable sitting area overlooking the peaceful forest, a convenient coffee/wet bar, and an oversized walk- in closet. The luxurious bath features dual vanities, abundant storage, and a zero-threshold roll-in tile shower complete with premium handicap-accessible features. · Guest Suites: Includes two additional spacious guest bedrooms. A second fully accessible bathroom boasts its own roll-in shower and custom assistance features, ensuring maximum comfort for multi-generational living or guests. · The Media/Office Room: A versatile, separate media space perfectly suited for movie nights, a home gym, or an executive office layout. Lovingly maintained as a second home by its original owner, this residence demonstrates flawless pride of ownership. For the buyer seeking substantial acreage, over 4,000 sq. ft. of pristine living space, incredible deck space, a private gated entrance, and the National Forest as your permanent backyard neighbor, Dreamy Draw offers something increasingly impossible to find. This newly reduced price will not last--schedule your private showing today and experience this true mountain estate for yourself.
Full Property Details
Full Property Details for 862 Dreamy Draw Cir
General
- Price: $1,139,000
- HOA FEE: $7/month
- HOA FEE FREQ.: Annually
- Taxes: $4,796 (2025)
- Status: Active
- Type: Single Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7026703
- Updated: 9/11/2026
- Added to Site: 139 day(s) ago
Interior
- Number of Rooms: 4
- Interior Features: Granite Counters, Double Vanity, Breakfast Bar, 9+ Flat Ceilings, Central Vacuum, No Interior Steps, Vaulted Ceiling(s), Wet Bar, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room, Gas
- Appliances: Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range, Electric Cooktop, Built-In Electric Oven
- Flooring: Carpet, Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Inside, Wshr/Dry HookUp Only
Additional Information
- Security/Safety: Security System Owned
Exterior
- Exterior Features: Storage
Parking
- Garage: Yes
- Garage Spaces: 3
- Parking Features: Attached Garage, Garage Door Opener, Circular Driveway
Location
- County: Navajo
- Subdivision: CHENEY RANCH UNIT 3
- Cross Streets: Hwy 260 and Cheney Ranch Loop
Community
- Association: Yes
- Assoc. Name: Cheney Ranch
- Assoc. Fees Include: No Fees
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Gas, Central Air, Ceiling Fan(s)
- Heating Type: Propane
Utilities
- Water: Pvt Water Company
- Utility Description: Propane
Structural Information
- Architectural Style: Ranch,
- Builder: Custom
- Exterior Const.: Stucco, Wood Frame, Block
- Roof: Metal
- Windows: Screens, Skylight(s), Dual Pane
- Year Built: 2005
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Property View: Trees/Woods, Mountain(s)
- Mountain views: Yes
- Lot Size (Acres): 1.31
- Lot Size (Sq. Ft.): 56,872
- Lot Size Source: Assessor
- Frontage: Asphalt
- Lot Features: Hillside Lot, Borders Preserve/Public Land, Cul-De-Sac, Gravel/Stone Front, Synthetic Grass Back, Irrigation Front
Horse Property
- Horse Property: Yes
Financial Considerations
- Association Fee: $86
- Assoc Fee Freq.: Annually
- Tax Amount: $4,796
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Ownership: Fee Simple
- Legal Description: LOT 142 CHENEY RANCH UNIT 3
- Property ID: 409-24-162
- Lot Number: 142
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Schools
Schools serving 862 Dreamy Draw Cir
School District:Show Low Unified District
| Name | Grades | Distance |
|---|---|---|
Linden Elementary School 1009 School House Lane, Show Low, AZ 85901 | K-5 | 0.8 mi |
Show Low Junior High School 761 East McNeil, Show Low, AZ 85901 | 6-8 | 6.1 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 862 Dreamy Draw Cir
Date
Details
Price
Change
Source
9/08/2026
Price Reduced
$1,139,000
-1.73%
MLS
8/13/2026
Price Reduced
$1,159,000
-1.61%
MLS
7/24/2026
Price Reduced
$1,178,000
-7.9%
MLS
5/12/2026
Listed
$1,279,000
—
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 862 Dreamy Draw Cir
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,796
6%
-100%
2023
$4,541
6%
$77,333
6%
2022
$4,297
—
$73,007
22%
2021
$4,303
—
$59,631
100%
2021
$4,303
-29%
100%
2020
$6,064
50%
100%
2019
$4,034
5%
-100%
2018
$3,848
8%
$42,249
7%
2017
$3,553
1%
$39,337
-3%
2016
$3,502
7%
$40,583
9%
2015
$3,287
-10%
$37,178
25%
2013
$3,668
—
$29,763
9%
2013
$3,668
—
$27,396
—
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 862 Dreamy Draw Cir
862 Dreamy Draw Circle, Show Low, AZ 85901 (MLS# 7026703) is a Single Family property with 3 bedrooms and 3 full bathrooms. 862 Dreamy Draw Circle is currently listed for $1,139,000 and was received on May 12, 2026. Want to learn more about 862 Dreamy Draw Circle? Do you have questions about finding other Single Family real estate for sale in Show Low? You can browse all Show Low real estate or contact a Coldwell Banker agent to request more information.

