$1,995,000
$505K PRICE DROP

1807 E Underwood Ln Payson, AZ 85541

Payson Area

Estimated payment $11,285/month

Total Views 2,315
3 Beds
3.5 Baths
4,911 Sq Ft
$406 Price per Sq Ft

Highlights

  • Horses Allowed On Property
  • Mountain View
  • Cathedral Ceiling
  • Two Primary Bedrooms
  • Viking Appliances
  • Wood Flooring

About This Home

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. 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. A total of a five garage! The backyard is fenced and the entire property has been fire-wised. Horses are allowed.
This is mountain living; the region is composed of 5 million acres of Ponderosa Pine Forest nestled within beautiful hills with mountains nearby and the adjacent Mogollon Rim, it is close to the Natural Bridge. There is a light jet capable runway in town that is 1 to 2 hours by light aircraft from the Southern California coast. It is one hour drive to metropolitan Scottsdale, AZ and an hour and 15 minutes to Phoenix Sky Harbor airport, it is in Central Arizona with adequate water and services. It is home to the oldest
continuous rodeo and experiences mild summers and winters and with comfortable four season living. It is perfect for the remote worker with Internet access. There is a nearby hospital and shopping. There are three golf courses: the Rim Club designed by
Tom Weiskopf & Jay Morrish, Chaparral Pines, a David Graham & Gary Panks designed course with tennis, aquatics, dining, and also a municipal course. There are many opportunities for hunting and fishing in the area, and elk frequently roam the property.
Airport: KPAN, 5,504 ft x 75 feet, 06/24, 5,141 elev., Jet A available.
College: Gila Community College
Hospital: Banner Payson Medical Center, 25 bed Community Hospital
Shopping: Walmart, Home Depot, Safeway, Bashas
Location: Central Arizona: N 34.26489'

Listing Agent

Deborah Rose

Realty One Group License #SA551334000 Listed on: 06/03/2026

Realty One Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,380

Year Built

  • Built in 2006

Lot Details

  • 2.22 Acre Lot
  • Partially Fenced Property
  • Wire Fence
  • Front Yard Sprinklers
  • Hillside Location

Parking

  • 5 Car Detached Garage

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Cement Siding

Interior Spaces

  • 4,911 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • 2 Fireplaces
  • Wood Burning Fireplace
  • Gas Fireplace
  • Family Room
  • Library
  • Bonus Room
  • Mountain Views
  • Fire Sprinkler System
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Convection Oven
  • Dishwasher
  • Viking Appliances
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Primary Bedroom Upstairs
  • Double Master Bedroom
  • Primary Bathroom is a Full Bathroom
  • Soaking Tub

Eco-Friendly Details

  • North or South Exposure
  • Heating system powered by solar not connected to the grid

Outdoor Features

  • Balcony
  • Covered Patio or Porch

Schools

  • Julia Randall Elementary School
  • Rim Country Middle School
  • Payson High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Propane
  • Propane
  • Multiple Phone Lines

Additional Features

  • Separate Entry Quarters
  • Horses Allowed On Property

Community Details

  • No Home Owners Association
  • Association fees include no fees
  • Built by Iverson
  • Payson 3 Unit 1 Subdivision

Listing and Financial Details

  • Tax Lot 25K
  • Assessor Parcel Number 302-84-025-K

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,380

Year Built

Built in 2006

Lot Details

2.22 Acres

Parking

5

Listing Details

  • Property Type: Residential
  • Ownership: Fee Simple
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2006
  • Tax Year: 2025
  • Property Sub Type: Single Family Residence
  • Horses: Yes
  • Lot Size Acres: 2.22
  • Road Surface Type: Asphalt
  • Subdivision Name: Payson 3 Unit 1
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • Tax Parcel Letter: K
  • General Property Description:PriceSqFt: 406.23
  • Const - Finish:Const - Finish: Cement Siding
  • Cooling:Cooling: Ceiling Fan(s), Central Air
  • EnergyGreen Feature:EnergyGreen Feature: Multi-Zones
  • Other Rooms:Other Rooms: Family Room, Library-Blt-in Bkcse, Bonus/Game Room, Guest Qtrs-Sep Entrn
  • Technology:Technology: 3+ Exist Tele Lines
  • Road Surface Type:Road Surface Type: Asphalt
  • Special Features: None

Interior Features

  • Flooring: Carpet, Tile, Wood
  • Basement YN: No
  • Spa Features: None
  • Appliances: Dishwasher, Disposal, Refrigerator
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Fireplace Features: Gas, Wood Burning
  • Fireplaces: 2
  • Fireplace: Yes
  • Interior Amenities: Full Bth Master Bdrm, Eat-in Kitchen, Breakfast Bar, Pantry, Upstairs, Master Downstairs, Vaulted Ceiling(s)
  • Living Area: 4911.0
  • Stories: 2
  • Additional Bedroom:Additional Bedroom: 2 Master Bedrooms
  • Dining Area:Dining Area: Eat-in Kitchen, Breakfast Bar
  • Interior Features:Interior Features: Vaulted Ceiling(s), Fire Sprinkler System
  • Kitchen Features:Kitchen Features: Dishwasher, Disposal, Refrigerator, Pantry
  • Laundry:Laundry: Inside
  • Master Bathroom:Master Bathroom: Full Bth Master Bdrm
  • Master Bedroom:Master Bedroom: Upstairs, Downstairs

Exterior Features

  • Fencing: Chain Link, Wire, Partial
  • Exterior Features: Balcony
  • Lot Features: Hillside Lot, North/South Exposure, Sprinklers In Front
  • Pool Private: No
  • View: Mountain(s)
  • Disclosures: Seller Discl Avail
  • Common Walls: Two Levels
  • Construction Type: Wood Frame, Cement Siding
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Metal
  • General Property Description:Community Pool YN2: No
  • General Property Description:Private Pool YN2: No

Garage/Parking

  • Total Covered Spaces: 5.0
  • Parking Features: Detached, Garage Door Opener, Separate Strge Area, Circular Driveway
  • Attached Garage: No
  • Garage Spaces: 5.0

Utilities

  • Utilities: Propane
  • Cooling: Ceiling Fan(s), Central Air
  • Heating: Propane, Forced Air, Solar
  • Laundry Features: Inside
  • Security: Fire Sprinkler System
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Public
  • Utilities:Utilities: APS, Propane

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • Association Fees:PAD Fee YN2: N

Fee Information

  • Association Fee Includes: No Fees

Schools

  • Elementary School: Julia Randall Elementary School
  • High School: Payson High School
  • Junior High Dist: Payson Unified District
  • Middle Or Junior School: Rim Country Middle School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 96703.0
  • Parcel #: 302-84-025-K

Building Info

  • Builder Name: Iverson

Tax Info

  • Tax Annual Amount: 8380.0
  • Tax Book Number: 302.0
  • Tax Lot: 25K
  • Tax Map Number: 84.0

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $8,700 $109,639 $19,196 $90,443
2025 $8,700 --
2024 $8,115 $97,064 $14,422 $82,642
2023 $8,115 $93,343 $8,792 $84,551
2022 $7,865 $63,638 $8,792 $54,846
2021 $7,384 $63,639 $8,792 $54,847
2020 $7,094 $0 $0 $0
2019 $6,887 $0 $0 $0
2018 $6,480 $0 $0 $0
2017 $6,041 $0 $0 $0
2016 $5,916 $0 $0 $0
2015 $5,455 $0 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/10/2026 07/10/26 Price Changed $1,995,000 -0.3% $406 / Sq Ft
06/13/2026 06/13/26 Price Changed $2,000,000 -20.0% $407 / Sq Ft
06/03/2026 06/03/26 For Sale $2,500,000 -- $509 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Trustee Deed $450,633 Fidelity Natl Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Previous Owner $334,500 New Conventional
Previous Owner $350,000 New Conventional
Previous Owner $40,000 Credit Line Revolving
Previous Owner $60,000 Unknown
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 7036948

Arizona Regional Multiple Listing Service (ARMLS)

APN: 302-84-025K

Your Personal Tour Guide

Ask me questions while you tour the home.