Happy Hollow is the Melrose Place of Carefree, Arizona. Tucked into an intimate enclave of only 13 residences, this completely remodeled unit captures the rare blend of lifestyle, charm, privacy, and community that owners here never want to leave. In fact, many sales happen quietly off market as current residents often choose to ''upgrade within'' the community rather than leave it. Surrounded by incredible mountain views, glowing Arizona sunsets, and the unique character that makes Carefree so beloved, this residence offers a lock-and-leave lifestyle without sacrificing warmth or personality. Thoughtfully updated throughout, the home blends modern finishes with the relaxed architectural vibe Happy Hollow is known for. This home features one of the few private yard spaces.
For sale
Price cut: $5K (6/23)
$412,000
7501 E HAPPY HOLLOW Drive #5, Carefree, AZ 85377
2beds
975sqft
Townhouse
Built in 1974
127 Square Feet Lot
$-- Zestimate®
$423/sqft
$315/mo HOA
What's special
Thoughtfully updated throughoutGlowing arizona sunsetsCompletely remodeled unit
- 57 days |
- 538 |
- 25 |
Zillow last checked:
Listing updated:
Listed by:
Wendy Ortiz 480-695-3709,
Real Broker
Source: ARMLS,MLS#: 7028103
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Refrigerator, Built-in Microwave, Dishwasher, Electric Range
Features
- Flooring: Other
- Windows: Single Pane, Double Pane Windows
- Has basement: No
- Number of fireplaces: 1
Interior area
- Total structure area: 975
- Total interior livable area: 975 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Garage
- Garage spaces: 2
Features
- Stories: 1
- Patio & porch: Patio
- Spa features: None
- Fencing: Block,Wood
- Has view: Yes
- View description: Desert, Mountain(s)
Lot
- Size: 127 Square Feet
- Features: Desert Front, Gravel/Stone Front, Gravel/Stone Back
Details
- Parcel number: 21683591
- Special conditions: Owner Occupancy Req
Construction
Type & style
- Home type: Townhouse
- Architectural style: Spanish
- Property subtype: Townhouse
- Attached to another structure: Yes
Materials
- Stucco, Block
- Roof: Tile
Condition
- Year built: 1974
Utilities & green energy
- Water: City Water
Community & HOA
Community
- Features: Pool
- Subdivision: CAREFREE VILLAS
HOA
- Has HOA: Yes
- Services included: Roof Repair, Insurance, Maintenance Grounds, Front Yard Maint, Trash, Roof Replacement, Maintenance Exterior
- HOA fee: $315 monthly
- HOA name: Carefree Villas
- HOA phone: 866-800-3231
Location
- Region: Carefree
Financial & listing details
- Price per square foot: $423/sqft
- Tax assessed value: $330,500
- Annual tax amount: $495
- Date on market: 5/14/2026
- Cumulative days on market: 57 days
- Listing terms: Cash,Conventional
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/6/2026 | Listed for rent | $2,000$2/sqft |
Source: ARMLS #7050287 Report a problem | ||
| 6/23/2026 | Price change | $412,000-1.2%$423/sqft |
Source:  ARMLS #7028103 Report a problem | ||
| 5/14/2026 | Listed for sale | $417,000+87.8%$428/sqft |
Source: ARMLS #7028103 Report a problem | ||
| 4/28/2017 | Sold | $222,000-13.6%$228/sqft |
Source: Public Record Report a problem | ||
| 6/10/2008 | Sold | $257,000-7.6%$264/sqft |
Source: ARMLS #2826707 Report a problem | ||
| 8/1/2005 | Sold | $278,000+120.6%$285/sqft |
Source: Public Record Report a problem | ||
| 3/12/2001 | Sold | $126,000$129/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $452 -0.2% | $33,050 -4% |
| 2024 | $453 -19.3% | $34,420 +132.1% |
| 2023 | $561 -3.2% | $14,831 -26.8% |
| 2022 | $580 -9.6% | $20,270 +3.3% |
| 2021 | $641 +3.1% | $19,620 +10.7% |
| 2020 | $622 +3.9% | $17,720 +31.6% |
| 2019 | $599 | $13,470 +14.6% |
| 2018 | $599 +3.7% | $11,750 +2.4% |
| 2017 | $577 -10% | $11,480 +8.2% |
| 2016 | $641 +7.6% | $10,610 -0.1% |
| 2015 | $596 | $10,620 +11.1% |
| 2014 | -- | $9,560 -10.7% |
| 2013 | -- | $10,700 -10.5% |
| 2012 | -- | $11,950 -8.4% |
| 2011 | -- | $13,050 -26.7% |
| 2010 | -- | $17,800 -7.3% |
| 2009 | -- | $19,200 -3.8% |
| 2008 | -- | $19,950 +5% |
| 2007 | -- | $19,000 +84.5% |
| 2006 | -- | $10,300 |
| 2005 | -- | $10,300 -0.5% |
| 2004 | -- | $10,350 |
| 2003 | -- | $10,350 +29.4% |
| 2002 | -- | $8,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 85377
Nearby schools
GreatSchools rating
- 8/10Black Mountain Elementary SchoolGrades: PK-6Distance: 3.2 mi
- 10/10Cactus Shadows High SchoolGrades: 8-12Distance: 3.5 mi
- 4/10Sonoran Trails Middle SchoolGrades: 6-8Distance: 6.8 mi
Schools provided by the listing agent
- Elementary: Black Mountain Elementary School
- Middle: Sonoran Trails Middle School
- High: Cactus Shadows High School
- District: Cave Creek Unified District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
- $420,0002 bd1 ba975 sqft7501 E Happy Hollow Dr #4, Carefree, AZ 85377Sold
- $340,200-- bd1 ba975 sqft7501 E Happy Hollow Dr SUITE 1, Carefree, AZ 85377Off Market
- $380,0002 bd1 ba975 sqft7501 E Happy Hollow Dr #2, Carefree, AZ 85377Off Market
- $347,2002 bd1 ba975 sqft7501 E Happy Hollow Dr #3, Carefree, AZ 85377Off Market
- $354,400-- bd1 ba975 sqft7501 E Happy Hollow Dr SUITE 6, Carefree, AZ 85377Off Market
- $334,700-- bd1 ba975 sqft7501 E Happy Hollow Dr SUITE 7, Carefree, AZ 85377Off Market
- $335,500-- bd1 ba975 sqft7501 E Happy Hollow Dr #8, Carefree, AZ 85377Off Market
- $334,700-- bd1 ba975 sqft7501 E Happy Hollow Dr SUITE 9, Carefree, AZ 85377Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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- Arizona
- Maricopa County
- Carefree
- 85377
- 7501 E HAPPY HOLLOW Drive Unit 5
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