140 E Cortez Drive, Sedona, AZ 86351
Local realty services provided by:Better Homes and Gardens Real Estate Grand View North
140 E Cortez Drive,Sedona, AZ 86351
$289,000
- 1 Beds
- 1 Baths
- 640 sq. ft.
- Condominium
- Active
Listed by: tyler vaughan, justin bemis real estate team
Office: real broker az
MLS#:203889
Source:AZ_NAAR
Price summary
- Price:$289,000
- Price per sq. ft.:$451.56
- Monthly HOA dues:$270
About this home
OWNER MAY CARRY WITH A LARGE DOWN PAYMENT
Welcome to 140 E Cortez Dr, Unit A201 -- a compelling opportunity to step into Sedona's thriving short-term rental market with a property primed for transformation and upside. This 1-bedroom, 1-bath unit offers approximately 640 square feet of functional living space and is ready for an investor with vision to unlock its full potential.
Being offered as-is, this property presents a rare chance to acquire an asset in one of Sedona's most desirable visitor corridors at an attractive entry point. With the right updates, design, and positioning, this unit has the foundation to become a highly desirable short-term rental capable of generating strong annual income in a market known for consistent demand. The layout is ideally suited for vacation rental use--comfortable, efficient, and appealing to couples and solo travelers seeking an authentic Sedona experience. Its manageable size and low-maintenance footprint make it an ideal candidate for a high-performing STR once refreshed and brought to market with a modernized aesthetic.
Why This is a Strong Investment Opportunity:
Sedona remains one of the most sought-after vacation destinations in the Southwest, attracting nearly 3 million visitors annually. The area's tourism-driven economy continues to fuel strong demand for short-term rentals, with average occupancy rates around 70 percent and nightly rates often exceeding 270.
Well-positioned and properly updated units in this market can achieve ~40-50+ in annual return, making this an opportunity not just to own real estate--but to build a performing income-producing asset.
Guests are drawn to Sedona for:
· World-class hiking, biking, and outdoor recreation
· Iconic red rock scenery and natural beauty
· A vibrant arts, dining, and cultural scene
· Year-round tourism and favorable climate
· Proximity to golf, wineries, and resort experiences
Investment Highlights:
· Value-add opportunity with strong STR upside
· Located in a proven vacation rental corridor
· Ideal floor plan for short-term rental use
· Opportunity to create a high-performing, design-forward rental
· Positioned for long-term appreciation and cash flow
· Entry point into one of Arizona's top STR markets
This is not a turnkey property--it's something more strategic. It's an opportunity to acquire, improve, and capitalize. For the right investor, Unit A-201 represents a chance to bring a fresh vision to life and tap into one of the most consistent and profitable vacation rental markets in the country.
Whether you're expanding your portfolio or looking for your next value-add project, this is your chance to create a standout asset in Sedona....
Contact an agent
Home facts
- Year built:1985
- Listing ID #:203889
- Added:42 day(s) ago
- Updated:May 14, 2026 at 07:36 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Full bathrooms:1
- Flooring:Carpet, Vinyl
- Kitchen Description:Gas Range
- Living area:640 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Air
- Heating:Forced Air, Heating, Natural Gas
- Central air:Yes
Structure and exterior
- Year built:1985
- Building area:640 sq. ft.
- Lot area:0.01 Acres
- Levels:One
Finances and disclosures
- Price:$289,000
- Price per sq. ft.:$451.56
- Tax amount:$516
Features and amenities
- Appliances:Gas Range
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