Fountain Hills has a great “hometown” feel where residents can enjoy lavish homes, luxurious amenities and close proximity to Scottsdale.
Fountain Hills is nestled in the northwestern corner of the Phoenix Valley. This quite town is surrounded by a mountain range, state land and two Indian Reservations. The city is also home to the world’s largest fountain, from which it inherited the name “Fountain Hills.” Crime is virtually non-existent, and the main source of entertainment is golf, local parks, eating out, and gazing at the beautiful 360 degree views.
Superstition Mountain views are extraordinary. In the winter, when Four Peaks is covered in snow, the views from Fountain Hills are outstanding. Fountain Hills land is desirable, and because there is no requirement to build, many people invest in lots and hang on to them. “Teardowns,” have become a more popular real estate option, a universal sign that you have invested wisely.
Fountain Hills real estate is popular with mid-westerners because of the “hometown” feel, attributed to its smaller size and overall safety. The luxury accommodations often draw retirees who want upscale living without all of the frenzy. About 60 percent of Fountain Hills residents commute to work all over the Valley. Starter families are almost priced out of the Fountain Hills real estate market, with the exception of condos.
Besides Phoenix, Fountain Hills has the most diverse housing stock in the Valley. Fountain Hills custom homes represent about three-quarters of the housing inventory. Developer MCO Properties also allocated plenty of open space and maintained the view corridors. Fountain Hills is a relatively small town built on a series of small hills and ridges, so there is plenty of real estate available with beautiful mountain and city views.
Home prices continue to escalate as Scottsdale residents are moving to Fountain Hills for its tranquility; which has lead to the first home sale to crack the 3 million dollar mark within the last couple of years. Fountain Hills will be completely sold out in seven or eight years. Town expansion depends on the possible sale of state land to the North. Expect home prices to rise even higher if the state doesn’t sell the land.