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Property view

510 N Possum Lane, 
Payson, AZ 85541

$407,000

Last List Price

3

Beds


2

Baths


1,423

Sq Ft


Single Family

Sold

Listed by

Richard Blaine Wiggins

Homesmart

MLS#

255998

Source:

AZ WMAR

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About This Home

510 N Possum Lane

**NOW LISTED $26,000 BELOW APPRAISAL!** Nestled on the outskirts of Payson, this cozy cabin offers the ideal blend of rustic charm & modern convenience. Surrounded by scenic beauty & wildlife, all while having access to amazing amenities & outdoor recreation. This upgraded mountain home has been thoughtfully remodeled for comfort & style. Highlights include a new $40k Septic System in '24, new HVAC in '21, & full remodel. The kitchen has been transformed w/ stunning granite counters & a convenient coffee bar. New wood laminate flooring, paint, & trim provide a cozy feel. The fully upgraded bathroom offers contemporary finishes, with three large Bedrooms D/S. The finished attic provides a large 2nd family room & 4th sleeping area/bedroom! Ask about an option to add a 2nd Bath! Keep Reading Additional upgrades include a brand-new front door, a new slider door in the master bedroom that opens to the outdoors, and freshly installed closet doors in all the bedrooms. The home has been freshly painted with new trim throughout, giving it a bright and airy feel. Other recent improvements include the expanded patio area, the perfect spot to roast marshmallows or listen to the wind whip through the pine trees, and a full roof replacement on the storage shed, both completed in 2022. Currently, the home has three bedrooms + a 4th loft bedroom and one bathroom. The owners have received a bid to add a 2nd bathroom downstairs which would reduce the downstairs bedrooms from 3 to 2, but would add the 2nd bathroom. The cost to do this would be $20k (see bid in Docs tab). **If you'd like to add a second bathroom, the sellers are offering a $20,000 credit to cover that bathroom addition at a sale price of $427,000!!! As the home appraised for $433,000 as-is, even with the $427,000 sale price, you'd still be under appraised value AND would get a brand new bathroom! For those looking for an investment opportunity, this cabin is currently an active and successful Airbnb averaging close to $30,0000 in rental revenue annually. The furnishings are also available, allowing you to take on renal cash flow on Day 1! Enjoy the serene, nature-filled environment while taking advantage of the incredible community amenities of Beaver Valley, including a community center with tennis, basketball, and pickleball courts, a playground and park, and seasonal events. And if that isn't enough, the East Verde River runs through the neighborhood and is stocked with fish seasonally, perfect for fishing enthusiasts! Hiking trails and miles of National Forest access are just moments away, making this the ultimate outdoor retreat. This beautiful cabin is move-in ready, offering everything you need to relax, unwind, and experience the best of Arizona mountain living for many years to come. Come see it for yourself!

Home Facts

Single Family

2 Baths

3 Bedrooms

Built in 2001

Price Summary

407,000

$286 per Sq. Ft.

MLS #:

255998

Sold:

September 26, 2025


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,423 Sq. Ft.


Structure

Structure

Architectural Style:

Cabin

Building Area:

1,423 Sq. Ft.

Year Built:

2001


Lot

Lot Size (Sq. Ft):

6,969


Finances & Disclosures

Finances

Price:

$407,000

Price per Sq. Ft:

$286 per Sq. Ft.

Source:AZ WMAR
Copyright 2025 White Mountain Association of REALTORS. All rights reserved. Last Updated October 24, 2025 Information is provided exclusively for consumers' personal, non-commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this Web site comes in part from the Internet Data Exchange program of the White Mountain Association of REALTORS. Real estate listings held by any other brokerage firm include the name of that firm.