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12005 N Panorama Drive, Fountain Hills, AZ 85268

$4,395,000
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Active
BEDS20 BATHS MLS#7091053
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONFOUNTAIN HILLS AZ 302A SCHOOLFountain Hills Unified District
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Property Description

Boardwalk Apartments at Fountain Park: 12-unit boutique courtyard community, a 1988 masonry office building taken to shell and converted to residential in 2025. 100% occupied, no concessions. $1,981 avg rent ($2.49/SF), a 55% premium to the Fountain Hills comp set. 5.12% cap on $224,979 owner-operated NOI. $366,250/unit, in line with the $366K median of 10 Phoenix-metro small MF sales since 1/2025. 20.7% expense ratio, owned solar array, poured concrete parking, all-new systems, in-unit W/D. No multifamily pipeline in supply-constrained Fountain Hills. OM available. Property owners are licensed real estate professionals in the State of Arizona. Connect with broker for an exterior property tour. Do not disturb tenants.

12005 N Panorama Drive | MLS# 7091053

This multi-family property located at 12005 N Panorama Drive, Fountain Hills, AZ 85268 is currently listed for sale with an asking price of $4,395,000. N Panorama Drive is located within the Fountain Hills Unified District school district. Search Fountain Hills real estate on dpruitt.arizonabest.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Evaporative Cooling, Electric, Ceiling Fan(s)
Heating: Electric, Solar
Roof Type: Foam
Taxes: $4,761
Year Built: 1988

Feature Descriptions

Community Features: No Pool, Manager Res/Office, See Remarks
Days on Site: 9
Exterior: Block, Stucco
Parking: Free, Other, Paved, >1 Space Per Unit, Off Street
Sewer: Public Sewer
Water: Master Meter, City Franchise

Local Schools

High School: Fountain Hills High School
Middle School: Fountain Hills Middle School
Elementary School: McDowell Mountain Elementary School
School District: Fountain Hills Unified District

Listed By / Shown By

Listed By

Agency Name: Endless Ventures
Agency Phone: 602-315-7610

Shown By

Agent Name: Denise Pruitt
Agent Phone: (480) 390-3350
Agency Title: Arizona Best Real Estate

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Estimated Payment

$ 11,459.99 per month $9,781.36 Principal & Interest $396.75 Property Tax $1,281.88 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 10/17/2026. The listing information on this page last changed on 10/17/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sat 10/17/2026 12:12:56 PM EST) or ARMLS (last updated Sat 10/17/2026 12:05:51 PM EST). Real estate listings held by brokerage firms other than Arizona Best Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.


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