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Rio Verde

Rio Verde

Located in Maricopa County

$1,005,767 Average Value
$369 Average Price per Sq Ft
78 Homes For Sale

There’s a saying in Rio Verde: If you’re bored in Rio Verde, it’s your own darn fault. “It’s really a lifestyle community. There are so many activities that are offered,” says Realtor and local resident Cindi Pendergraft. “And you meet people very quickly. When you move into the area, it’s just one of those places where people just take you in.” On top of that, she says, “We have beautiful views, custom homes and fabulous golf courses. It’s just a heavenly place to live.” Beautiful views may be an understatement. The area, located about 30 miles from Scottsdale, is surrounded by Tonto National Forest and McDowell Mountain Regional Park, which means great views and recreation opportunities — including a grand total of five scenic golf courses — are par for the course.

The majority of homes in the neighborhood are in three age-restricted (55+) communities, including Tonto Verde, Trilogy at Verde River and Rio Verde (not to be confused with the name of the neighborhood); a few custom homes outside of these subdivisions also call Rio Verde home. There’s even a ranch equestrian community, Granite Mountain Ranch, with horse trails, two round pens and two arenas. Prices can vary wildly depending on what type of home you’re looking at. A new construction two-bedroom detached home in one of the age-restricted communities starts around $500,000, while a mansion on several acres with sweeping mountain views can sell for $3 million. Townhouses start at $400,000 for a two-bedroom unit and can go as high as $900,000; the higher-end prices are typically built on the most in-demand homesites with the best views and upgraded finishes inside. According to Pendergraft, “We have people who start in a townhouse and move up to a single-family house. We have people who are moving around within the community because they don’t want to leave.”

Schools in Rio Verde — for those who aren’t in one of the age-restricted communities, of course — are in the Cave Creek Unified School District and attend schools like Desert Sun Academy, graded A-minus by Niche, Sonoran Trails Middle School, also graded A-minus by Niche, and Cactus Shadows High School, graded B-plus by Niche. Dessert Sun Academy is a World Language School, and students begin participating in the school’s French Program in second grade.

Golf is pivotal to the community; the Rio Verde community has two courses of its own, Trilogy at Verde River has one course, and Tonte Verde has two courses. In fact, “A lot of people choose which community to move to based on the golf courses,” Pendergraft says. “They’ll go play all the golf courses and then make the decision. Although, golf became so very popular during COVID-19 that we have a waitlist.” Of course, if golf isn’t your game, there are plenty of other ways to take in the beauty of the area. McDowell Mountain Regional Park is just south of the neighborhood, and Tonto National Forest wraps around the north and east boundaries. Between both parks, residents can access millions of acres of land to explore; they often meet up in groups to traverse the hiking and biking trails. And, of course, each community has its own clubhouse with pools and other amenities and activities.

Since Rio Verde is light on commerce, most residents head about half an hour to Scottsdale for retail and restaurants. Kierland Commons and Scottsdale Quarter are two popular shopping malls located next to each other, about 25 miles from home; here, you can shop stores like Apple, Crate and Barrel and Talbots. While it’s always an option to grab a bite at one of the nearby golf course’s restaurants, the Scottsdale area will have the most options to satisfy whatever you’re craving, whether it’s a Southern brunch at Sugar Jam or Culinary Dropout’s famous fried chicken. The closest spot for groceries is about 10 miles from home, at the Safeway in neighboring Fountain Hills.

Other points of interest for the potential homebuyer: The nearest major airport is the Phoenix Sky Harbor International Airport, about 35 miles away, and the nearest hospital is HonorHealth Scottsdale Thompson Peak Medical Center, about 20 miles away, or the Mayo Clinic Hospital, about 25 miles away.

Katelin Hill
Written By
Katelin Hill
Ryan Nelson
Photography Contributed By
Ryan Nelson
Daniel Quattro
Video By
Daniel Quattro

Interested in learning more about homes in this area? Reach out to Robert Mattisinko, an experienced agent in this area.

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Rio Verde Housing Trends

Housing Trends

Median List Price
$827,500
Median Sale Price
$775,000
Median Single Family Sale Price
$813,500
Median Townhouse Sale Price
$552,500
Median Change From 1st List Price
5%
Last 12 months Home Sales
169
Median Home Sale Price YoY Change
-3%
Average Price Per Sq Ft
$369

Area Facts

Number of Homes in Neighborhood
2,002
Number of Homes for Sale
78
Median Year Built
1998
Months of Supply
5.50
Average Single Family Home Size Sq Ft
2,340
Above the national average
1,924
Average Townhouse Size Sq Ft
1,956
Average 2 Bedroom Size Sq Ft
1,258
Median Lot Size Sq Ft
10,018

Open Houses

  • Sunday, Aug 24
    Open Sun 10AM - 1PM

    17848 E Stocking Trail, Rio Verde, AZ 85263

    $839,999

    • 2 Beds
    • 2 Baths
    • 1,948 Sq Ft
    • 17848 E Stocking Trail

    Step into luxury with this beautifully designed home, offering the Nice floorplan and designer finishes throughout. Enjoy Mountain Views and plenty of natural desert space behind for the ultimate private retreat! The great room impresses with a corner sliding pocket door, complete with a motorized privacy screen. The stunning kitchen features modern cabinetry, Built-in Monogram appliances, Quartz

    Agent Photo
    Beth Rider
    Keller Williams Arizona Realty
    (623) 304-7906
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  • Sunday, Aug 31
    Open Sun 1PM - 4PM

    27406 N Montana Dr, Rio Verde, AZ 85263

    $700,000

    • 2 Beds
    • 2 Baths
    • 2,292 Sq Ft
    • 27406 N Montana Dr
    • New 10 days ago

    Experience modern luxury in this beautifully updated townhome with unbeatable location! Just a short walk from golf, putting course, clubhouse, fitness center, and pool/spa, you'll enjoy resort-style living every day. The charming flagstone walkway leads to a cozy great room with a stunning stack stone wood-burning fireplace. The open kitchen features granite countertops, stainless steel

    Gary Loving Realty ONE Group

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  • Thursday, Aug 28
    Open Thu 1PM - 4PM

    18789 E Blue Sky Dr, Rio Verde, AZ 85263

    $575,000

    • 2 Beds
    • 2 Baths
    • 1,537 Sq Ft
    • 18789 E Blue Sky Dr
    • New 23 days ago

    Live the Lifestyle You Deserve in Tonto Verde! Welcome to this like-new 2-bed, 2-bath, 1,537 sq ft home in the award-winning Tonto Verde active adult community. Perfectly positioned on Hole #3 of the Ranch Course. Inside is a beautifully upgraded kitchen featuring granite countertops, upgraded cabinetry, and brand-new stainless steel appliances—including a never-used dishwasher and oven. The

    Gary Loving Realty ONE Group

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value





Source: Public Records

Property Mix - Square Feet

Rio Verde Has More Owners

Demographics

Total Population
2,992
Median Age
75
Population under 18
0.4%
Below the national average
23.8%
Population over 65
83.6%
Significantly above the national average
19.1%

Finances

Median Household Income
$134,032
Significantly above the national average
$71,702
Average Household Income
$155,992

Education and Workforce

High School Graduates
99.7%
College Graduates
65.4%
Significantly above the national average
34.1%
Advanced Degrees
24.6%
% Population in Labor Force
31.7%
Significantly below the national average
65.1%

Weather

Annual Precipitation
10''
Average Winter Low Temperature
43°F
Average Summer High Temperature
104°F
Annual Snowfall
0''

Area Factors

Somewhat Bikeable

Bike Score®®

27 / 100

Car-Dependent

Walk Score®®

5 / 100
Source: Walk Score
Source: Walk Score

Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Rio Verde