Phoenix Real Estate Report

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Phoenix Real Estate Report > Fountain Hills Real Estate

Fountain Hills Real Estate

Located in the North Valley, Fountain Hills is about 30 miles northeast of Phoenix, and about 500 feet above it, in the McDowell Mountains. As of 2002, its 11,340 acres was home to almost 22,000 residents. Fountain Hills real estate is unique in the Phoenix area because growth is limited and desirable because of its mountain location. The town is bordered by two Indian reservations, a mountain range and a regional park.

Only a small number of new homes are built each year, and many of these newer homes are in golf course communities. The median price for a Fountain Valley home as of late 2003 was $139,000, with single-family dwellings going up to around $1.7 million. Townhouses and condos range from $65,000 to over $600,000..

Rated one of the top 50 places to raise a family, Fountain Hills is a planned community with a small-town feel and the advantage of being close to the Phoenix metropolitan area. The town has two elementary schools, a middle school and a high school, a library, history museum and a community center. For recreation, it provides tennis and basketball courts, a baseball field, a 25-acre park, an equestrian center and, of course, several golf courses including the upscale SunRidge Canyon.

Its name is drawn from the fountain that the Guinness Book of World Records lists as the world’s tallest, located in a 32-acre park at the town’s center. The fountain itself is an attraction, shooting water into the air every 15 minutes to a height of 560 feet. Original residents commissioned the architect who designed Disneyland to create this tourist attraction.

Outdoor recreation and the year-round desert sunshine add to the attraction for visitors and residents alike. Fountain Hills is located just 12 miles from the Salt River and Saguaro Lake. Out of Africa Wildlife Park is nearby.