487 W Memory Ln, Payson, AZ 85541
Property image
Property image
SOLD
MAY 7, 2026

$919,200

Trulia Estimate
  • 4 Beds
  • 3 Baths
  • 3,000 sqft (on 2.45 acres)

487 W Memory Ln, Payson, AZ 85541

Est. Refi. Payment $5,407/mo*
Refinance Your Home
Currently Off Market - Sold May 7, 2026 for $962,600

Home Value

Trulia Estimate
$919K
Since last month
Decreased$4K (-0.4%)
Since last year
Decreased$34K (-3.5%)
Since last sale
Decreased$43K (-4.5%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +70% in the last 10 years
MonthEstimated value
2026
September 2026$919K
August 2026$923K
July 2026$939K
June 2026$940K
May 2026$973K
April 2026$971K
March 2026$973K
February 2026$956K
January 2026$933K
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
194 S Louie Circle, Payson, AZ
0.27
Single-Family Home
$950,000
06/29/26
4
3
3,000
169 E Green Apple Ln, Payson, AZ
0.20
Single-Family Home
$850,000
12/12/25
4
2.5
1,991
269 W Homestead Ln, Payson, AZ
0.22
Single-Family Home
$670,000
01/12/26
4
3
2,468
138 S Wild Rose Dr, Payson, AZ
0.41
Single-Family Home
$825,000
05/27/26
3
3
2,314
1305 S Hunter Creek Dr, Payson, AZ
0.48
Single-Family Home
$700,000
07/10/26
3
3
1,831
125 W Homestead Ln, Payson, AZ
0.39
Single-Family Home
$640,000
09/21/26
2
2
1,908
166 N Wild Cat Cir, Payson, AZ
0.50
Single-Family Home
$695,000
11/26/25
3
2
1,812
1349 S Hunter Creek Dr, Payson, AZ
0.53
Single-Family Home
$650,000
10/08/25
2
2
1,952
301 W Ashby Apple Dr, Payson, AZ
0.90
Single-Family Home
$387,500
06/26/26
2
2
1,739

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
170 E Green Apple Lane #106, Payson, AZ 85541
0.16
$150,000
-
-
-
For Sale
170 E Green Apple Ln, Payson, AZ 85541
0.17
$150,000
-
-
-
For Sale
169 E Green Apple Ln, Payson, AZ 85541
0.20
$850,000
4
2.5
1,991
Recently Sold
27 HUNTER CREEK RNCH Drive #27, Payson, AZ 85541
0.21
$185,000
-
-
-
For Sale
269 W Homestead Ln, Payson, AZ 85541
0.22
$670,000
4
3
2,468
Recently Sold
440 W HOMESTEAD Lane, Payson, AZ 85541
0.20
$704,700
3
2
2,391
Off Market
462 W Homestead Ln, Payson, AZ 85541
0.20
$1,102,300
4
3.5
4,818
Off Market
488 W Homestead Ln, Payson, AZ 85541
0.21
-
3
2.5
2,732
Off Market
237 W Wipila Wiki Dr, Payson, AZ 85541
0.25
$995,000
4
3.5
3,280
For Sale
194 S Louie Circle, Payson, AZ 85541
0.27
$950,000
4
3
3,000
Recently Sold
294 W HOMESTEAD Lane, Payson, AZ 85541
0.24
$931,900
3
3
2,697
Off Market
21 S Louie Cir #21, Payson, AZ 85541
0.29
$109,000
-
-
-
For Sale

Local Information

  • Map ViewExplore the area around 487 W Memory Ln.
  • Schools1 Preschool School2 Elementary Schools2 Middle Schools2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1991
2.45 acre lot
3,000 sqft
$321/sqft
Garage

About this House

What's unique:Full log cabinUpper back deckRock fireplacePaved roadsMaster bedroomFrench doors
This 3000+ sq. ft. full log home features 4 bedrooms, 3 baths, great room, new hardwood floors, new granite counter tops in kitchen and baths, new 16 inch tile in baths, vaulted wood ceilings, rock fireplace, master on main floor, open kitchen with breakfast bar, large covered front deck, extra large open side deck with great views of the Rim on this very private top of the hill backing USFS. On 2.5 acre lot in gated community with underground sewer, water, electric and phone. . . .DIRECTIONS: 22 miles east of Payson on Highway 260 to Christopher Creek exit #2, left turn on Hunter Creek Dr. One mile to gate, through gate, first right, two blocks to Memory Lane. Left to property just across bridge.
487 W Memory Ln, Payson, AZ 85541 is a 4 bedroom, 3 bathroom, 3,000 sqft single-family home built in 1991. It last sold for $962,600 on May 7, 2026. This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $919,200, with a rent estimate of $4,174/month.

Home Details for 487 W Memory Ln

Interior Features

Levels, Entrance, & Accessibility
Stories: 2
Heating & Cooling
Air ConditioningCooling System: Central
Fireplace & Spa
Fireplace

Exterior Features

Exterior Home Features
Roof: MetalDeckExterior: WoodPatioPorch
Parking & Garage
GarageParking: Garage Attached

Property Information

Year Built
Year Built: 1991
Property Type / Style
Property Type: Single Family HomeArchitecture: Other

Price & Status

Price
Price Per Sqft: $321/sqft

Community

Units in Building: 1

Lot Information

Lot Area: 2.45 acres

Price and Tax history

DateEventPrice
May 7, 2026
Source: N/A
Sold
$962,600
Jul 7, 2023
Source: ARMLS #6569307
Sold
$899,000
Jun 20, 2023
Source: ARMLS #6569307
Pending
$899,000
Jun 15, 2023
Source: ARMLS #6569307
Listed For Sale
$899,000
May 15, 2013
Source: N/A
Sold
$525,000

Market trends in Payson

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$493K
$30KMoM
Sale-to-List Price
97.5%
0.5%MoM
Price per sq ft
$296
$8MoM
Available listings
338
25MoM

Around this home

What Locals Say about Payson

At least 89 Trulia users voted on each feature.

  • 89 % Say it's dog friendly

  • 88 % Say yards are well-kept

  • 87 % Say there's wildlife

  • 86 % Say parking is easy

  • 84 % Say car is needed

  • 76 % Say there's holiday spirit

  • 75 % Say it's quiet

  • 72 % Say people would walk alone at night

  • 61 % Say neighbors are friendly

  • 54 % Say they plan to stay for at least 5 years

  • 53 % Say kids play outside

  • 50 % Say it's walkable to restaurants

  • 47 % Say it's walkable to grocery stores

  • 39 % Say there are community events

  • 26 % Say there are sidewalks

  • 17 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Bruce Palmer
    "Nice dog park in the neighborhood, and lots of dog owners walk their dog around the neighborhood regularly. "
    0
    Flag
  • Bruce Palmer
    "Dog friendly area. There’s a nice dog park in the neighborhood, by the library.Lots of people walk their dogs around the neighborhood "
    0
    Flag
  • Bruce Palmer
    "People are frequently seen walking their dogs in this neighborhood. Also, there is a nice dog park across the street at Rumsey Park."
    0
    Flag
  • Jay Martin
    "It’s great to be so close to the Phoenix area but be in the pines and cooler temperatures. Great variety of stores and restaurants. "
    0
    Flag
  • Karen Schendel-carlen
    "Free Concerts and movies in the park . Greatest place in Arizona to watch 4 th of July fireworks. Fantastic camping, hiking, biking and fishing. "
    0
    Flag
  • Shari S.
    "No sidewalks to walk on...you have to walk in the street. Dog-friendly neighborhood and lots of familiars dog owners. Because of the wildlife, you must go out with your small dogs, you can’t leave them out alone. "
    43
    Flag
  • Shari S.
    "Love the small town fell and the neighborhood. I do wish we had sidewalks to walk on. It’s very dangerous to walk in the narrow streets. "
    2
    Flag
  • Ljmyrick63
    "I only live here part time, but the neighborhood is friendly and well kept. Ramsey park is very close with many amenities including multiple sport fields, dog park, library, pool, children’s play area, bbq areas, skating park and a hiking trail. Payson is a vey outdoorsy place with 35 hiking trail around the city limits and many, many more trails, water areas, camping etc. Truly an outdoor persons dream place."
    5
    Flag
  • Mark
    "Dogs are welcome and everyone has multiple ones it seems like. Great place to raise dogs and kids alike. "
    1
    Flag
  • Mark
    "You see people walking dogs all the time. A lot of people take their dogs with them. People as a whole seem very dog friendly. "
    0
    Flag
  • Anne M. H.
    "I have lived here for 10 years. The neighbors are great and watch each other's home when were not around."
    7
    Flag
  • Heather
    "friendly people. beautiful mountains rivers and hiking. active community as well as many retirees. a"
    0
    Flag
  • Mary G. .
    "Just moved here from Southern California. Love it so much! The people are so warm and friendly. I look forward to seeing the sights and library and pretty much everything around here."
    1
    Flag
  • Wendy B.
    "100 miles from the big city. Mild climate compared to Phoenix blistering summers.. lake and creeks, tons of hiking trails. Beautify town"
    0
    Flag
  • Debbie L. E.
    "Great neighbors and neighborhood! Beautiful views and wildlife all around. Every house is unique...not “cookie cutter” at all!"
    0
    Flag
  • Christopher G.
    "I walk dogs every week. Most dog owners in town have their dogs under control. One got out of it's yard one time while I was running another dog. It charged us looking defensive but as soon as I ran at the dog it peed itself and jumped back over the fence. "
    0
    Flag
  • Cynthia
    "Great friendly neighbors, convenient location and the weather is awesome year around. We love the hiking, fishing and outdoor activities as well as the community activities."
    0
    Flag
  • Sharon M.
    "Visiting with neighbors Helping one in need Pride of Ed Just having fun with people Singing old songs of the c"
    0
    Flag
  • Nancy Berlin Jones
    "I have owned this home since 12/16 and the neighbors are very friendly. Yes- we watch out for each other to a respectful degree! The wildlife is pretty cool- elk, javelinas, quail. We have privacy, light traffic, trees, and views."
    25
    Flag
  • Saralewis
    "It’s a close walk to the green valley park and historical Main Street. The down side is there aren’t sidewalks and people drive Very fast down this street. There are also not too many street lights so people usually walk their dogs during the day to the park. "
    0
    Flag
  • Rustyandmariah
    "I’ve lived in the Payson area my entire life. The town is a great little mountain town. The people are friendly and there fun little shops and restaurants. If you love 4 seasons and the outdoors this is one of the best places to live. And if you don’t like the current weather you can wait 15 mins or drive 15 mins in any direction and it will change. "
    5
    Flag
  • Status202
    "My in laws live here and we come to visit about 6 times a year. This area is amazing if you are looking to camp, hike, bike, fish, hunt atv and enjoy the wild life. "
    1
    Flag
  • Bristolleos123
    "Car shows. Rodeo’s. Farmers markets. Small town vibe. Weekend retreats. Many church’s. Youth activities sports "
    0
    Flag
  • Yellow77roses
    "We are up above town! We have 360 veiw of the rims/ mountains! lots of wilds life still running around up here in Payson , Arizona"
    2
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 487 W Memory Ln

  • What is 487 W Memory Ln estimated to be worth?
    Trulia's estimated value for 487 W Memory Ln in Payson, AZ is $919,200.
  • What is the price history for 487 W Memory Ln?
    487 W Memory Ln in Payson, AZ last sold for $962,600 in May 2026.
  • Is Payson a buyer's or seller's market?
    Payson is currently a buyer's market, based on recent for-sale activity.
  • What's the median sale price in Payson?
    The median sale price in Payson is $493K. That is up $30K from the prior month.
  • Does 487 W Memory Ln have air conditioning?
    Yes, 487 W Memory Ln in Payson, AZ has air conditioning.
  • How big is the lot at 487 W Memory Ln?
    The lot at 487 W Memory Ln in Payson, AZ is about 2.5 acres.

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