Listed by Juliet Saladino · Brokered by SOUTHWEST MOUNTAIN REALTY, LLC

1 of 30

● For sale

$900,000

Est. $5,440/mo

401 S Bassett Lane, Payson, AZ 85541

Russell Subdiv & Addit · Gila County

3 beds 2 baths 1,800 sqft 1.95 acres Built 1967 $500 /sqft No HOA

109 days on market | 151 views | 10 saves

What's special

Panoramic views
Horses allowed
No HOA
2-car garage
Fireplace

Description

Rare opportunity to own one of Payson's premier in-town acreage properties! Situated on one of the largest flat, usable parcels you'll find within town limits, this beautifully updated home offers the perfect combination of space, privacy, and convenience. Since its last purchase, the home has undergone extensive updates, including the addition of energy-efficient mini-split heating and cooling systems for year-round comfort. The fully fenced property features a private well, chicken coop, and ample room for gardening, animals, RV parking, workshops, or simply enjoying your own private retreat. Located just minutes from shopping, dining, schools, and a beautiful newly built neighborhood park, you'll enjoy the best of both country-style living and in-town convenience. Currently operating as a successful Airbnb, this property offers excellent flexibility as a primary residence, second home, or potential income-producing investment (subject to buyer verification of all applicable regulations). Opportunities to own this much flat, usable land in the heart of Payson are exceptionally rare--don't miss your chance to make it yours. More/better to pictures to come.

Listing updated: October 8, 2026

Also listed on: CAAR(MLS# 94403)ARMLS(MLS# 7074357)

Listed by:

Juliet Saladino Saladino.Juliet‌@‌gmail.com, SOUTHWEST MOUNTAIN REALTY, LLC

Source: Arizona Regional Multiple Listing Service, MLS#: 7074357

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Property details

Interior

Bedrooms

Bedrooms: 3

Bathrooms

Total Bathrooms: 2
Full Bathrooms: 1
3/4 Bathrooms: 1

Interior Features

Primary Downstairs
No Interior Steps
Living-Dining Combo
Flooring: Laminate, Tile, Concrete
Window Features: Double Pane Windows

Appliances

Refrigerator
Electric Range
Dryer
Washer
Laundry Features: Utility Room

Heating and Cooling

Cooling Features: Electric, Central Air, Ceiling Fan(s)
Heating Features: Propane
Fireplace: Yes
Fireplace Features: Living Room

Other Interior

Levels: One

Exterior

Exterior and Lot Features

Patio and Porch Features: Patio, Covered Porch, Covered Deck
Fencing: Chain Link

Land Info

Many Trees
Tall Pines on Lot
Lot Size Acres: 1.95
Lot Size Square Feet: 84,942
Lot Size Dimensions: 258'x313'x257'x310'

Garage and Parking

Garage Spaces: 2
Carport Spaces: 1
Attached Garage: No
Parking Features: Detached, RV Access/Parking, Covered RV Parking, Garage, Carport

Home Features

View: Panoramic, Mountain(s)
Horse Property: Yes

Community

Homeowners Association

Association: No

Neighborhood

Subdivision: Russell Subdiv & Addit
MLS Area: Payson Southeast

Listing

Other Property Info

Annual Tax Amount: $2,250
Source Listing Status: Active
County: Gila
Directions: From the intersection of Hwy 87 (Beeline Hwy) and Hwy 260 head East on Hwy 260. Turn right on Granite Dells Rd. Turn right on Mud Springs Rd. Right on Miller Rd. Turn left on Bassett Ln. Follow down to 401 S Bassett Ln on the left. Open gate and follow through to the houe.
Property Subtype: Site Built
Parcel Number: 304-04-223
Zoning: Residential
Postal City: Payson
Listing Date: 7/25/2026
On Market Date: 7/25/2026
MLS#: 94403

Features

Building and Construction

Total Square Feet Living: 1,800
Year Built: 1967
Property Age: 59
Architectural Style: Ranch
Construction Materials: Wood Frame, Wood Siding
Roof: Metal
Levels: One

Utilities

Water Source: In Payson City Limits
Sewer Connected
Cable Available
Internet Hook Up
Propane
Electricity Available
Phone Available
Trash
Underground Utilities

Monthly payment

$5,440/month

Principal and interest $4,878
Property taxes from the listing $188
Home insurance estimated $375

Home price $ Down payment % · $180,000 Loan term Interest rate % Home insurance $/mo

An estimate only, not a loan offer or rate quote. Starting rates are Freddie Mac's weekly national averages (Nov 5, 2026) and aren't an APR. Your rate and costs depend on your credit and lender. Property taxes often change after a sale, and insurance varies by home, especially in wildfire areas.

Price history

Date	Event	Price	$/sqft
Sep 1, 2026	Listed for sale Source: ARMLS #7074357	–
Jul 25, 2026	Listed for sale Source: CAAR #94403	$900,000	$500/sqft

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Teri Meacham

REALTOR® with West USA Realty · 25+ years in the High Country · 500+ homes sold

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Data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) program of Arizona Regional Multiple Listing Service. IDX information is provided exclusively 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. The data is deemed reliable but is not guaranteed accurate by the MLS.

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.