Welcome to Southern Arizona
- July - Family Circle names Oro Valley "10 Best Towns for Families."
- June - Men's Journal names Tucson "Top 5 Best Places to Live."
- July - Solar Power Association ranks TEP "Top 10 Most Solar Integrated."
- March - Fortune names Oro Valley "100 Best Places to Live and Launch."
- December - Self's "Healthiest Cities" report ranks Tucson #1 "Environment."
Southern Arizona MLS Map Search
All Arizona Property Types
To search a specific real estate type, simply select the designated link below. For your Arizona Real Estate search to be successful -- below you will find Real Estate Types of all Southern Arizona that match your desired purchasing style. Here are a number specialized property types that OwnArizona™ agents can help you with:
Search Our Featured Types of Real Estate
• New Homes Builder Construction Homes
• Vacant Acreage, Lots and Land
• In Gated and Luxury Communities
• Where Horses Allowed Property
• Condo, Townhouse and Townhomes
• Retirement Active Adult Communities
• Downtown City Modern Loft Living
• University College Housing Areas
• Ranches Living and Farms Style
• Resort Destination Properties
• Sprawling Suburban Communities
• Tennis Clubs Area Communities
• Davis Monthan Air Force Base Housing Areas
• Oceanfront and Waterfront Property (Lakes and Ponds)
• Investment Residential Income Properties
• Commercial Real Estate Industrial Properties
Our OwnArizona™ Real Estate agents work with three major property types. It's no coincidence that these are the three property types accounting for most of the real estate transfers. As a new buyer or seller, you may want to narrow your focus and specialize in one or more property types. A study of the number of properties of each type in your area, and their relative values, would indicate the possible financial rewards of working with those types.
1. Residential Properties
The residential type of property is by far the most popular with our OwnArizona™ experienced agents. That's no surprise, since the year 2000 US Census shows more than 105 million occupied housing units. Our OwnArizona™ Real estate agents then further specialize in types of homes, including condominiums, separate homes, duplexes, high value homes, vacations homes, etc. There's plenty to go around.
2. Vacant Land
Our OwnArizona™ farm and ranch specialists have long been quite successful in this business. Generally the property size and price is quite large, with corresponding commissions. Be sure you understand the specific buying requirements and motivations of your prospect. In rapidly growing areas, specializing in building lots for properties can be lucrative for an buyer or seller.
3. Commercial Properties
Commercial property can be empty land zoned for commercial use, or an existing business building or buildings. Commercial property valuation requires a more complex method, taking into account the income potential of the property, historical revenue, cash flow with owner perks removed and much more. Unless someone has extensive business valuation experience, it's better to enter this specialization with the careful guidance of an OwnArizona™ Commercial agent.
Property Type Explanations
1. Residential Properties in Arizona
People who research homes for sale online may find that they come across confusing terms to describe a house. Most common home types listed for sale in the Southern Arizona area:
80% Single-Family Residences
16% Condominiums, Townhouses, Townhomes or Patio Homes
3% Manufactured Homes
1% Duplex, 4-Plex, Twin Homes or Gemini Homes
0.5% Lofts
0.1% Modular Homes
What are the differences between townhouses and patio homes? What is a gemini? And why aren't duplexes on this list? OwnArizona™ agents clear up the confusion. Before you go on to see the definitions, examples, and photos, there are three things you must know:
1. The Arizona Regional Multiple Listing Service does not have definitions for townhouses, patio homes, twin homes or for any other home type, and there are really no legal definitions for different types of houses in Arizona. The County Assessor, for example, lumps several these home types into the same category.
2. It is not uncommon to see the identical home marketed as a townhouse by one person and as a patio home by another, or as a patio home by one person and as a twin by another.
3. The definitions of home types in Arizona may be completely different in other parts of the country:
This is the most standard property type which is designed to support just one dwelling. This type of property does not include a common area as you'd find in a condominium complex and similar developments. They do not share walls with neighboring properties, and should have land separation from all sides of the property, as well as above and below. These are the cheapest properties to finance, as they are the norm.
Second Homes (Vacations Homes)
Second Homes, also known as "vacation homes" are residences typically found in recreation areas or resorts that serve as seasonal accommodation. Southern Arizona is a popular destination for the winter months, so many season occupants reside here only part of the year. These properties are in owned in addition to a primary residence, and can be condominiums, townhouses, or single-family residences. Vacation homes are common in resorts and warmer climates, and may be rented out to other vacationers while not in use. Financing is more expensive than single-family residences, but less than investment properties.
A condominium is defined as the individual ownership of a building with access to common areas owned by all residents within the complex. Association fees must be paid to maintain, repair, and improve the common areas shared by residents, which typically include a pool, spa, tennis courts, walking paths, and more. Banks and lenders often finance condos at higher interest rates.
A single-family dwelling typically made up of two floors that shares side walls with nearly identical properties. It differs from a condominium in that no neighboring unit is above or below, and usually features an outdoor space in front and behind the property. It's similar to a condominium in that tenants have access to a common area such as pool, spa, tennis courts and more. Many banks and lenders consider townhouses single-family residence, making mortgage financing more affordable.
Often referred to as "mobile homes" or "trailer parks", these types of properties are constructed on a non-removable steel chassis which allows them to be transported. These homes are often located on leased land, such as in trailer parks and adhere to the Federal Construction Safety Standards Act (HUD/CODE). They provide low-income housing as well as lifestyle housing for groups such as senior citizens. Financing may be in the form of a personal property loan, and at a premium to mortgage loans.
Patio homes in Arizona were traditionally 1-story homes that shared at least one side wall and had a back patio but not necessarily a backyard. Patio homes are usually built with 2, 3 or 4 homes in each building instead of the continuous row of homes common with townhouses. Today in Arizona, about 85 percent of homes listed as patio homes are single level homes.
Duplex, 4-Plex, Twin Homes or Gemini Homes
For the Arizona Real Estate industry and the County Assessor, a duplex is a building with 2 units in it. If you own a duplex, you own an entire building that has 2 units in it. Similarly, if you own a 4-plex, you own an entire building that has 4 units in it. The real estate industry in Arizona calls a single unit within a duplex a "gemini" or "twin" home. Nevertheless, most people who are not real estate professionals call both the single unit and the entire building a duplex.
Lofts are a type of condominium that originated when warehouses back East were converted into apartments and condominiums. Here are some characteristics you might see in lofts; located near downtown, very high ceilings (sometimes 20-foot tall), exposed pipes and ducts in the ceiling, a great room floor plan, floor to ceiling windows, exposed interior brick, stained cement floors even in luxury homes, metal stairs and handrails, stainless steel kitchen appliances, and modern/contemporary furnishings.
Modular homes are similar to manufactured homes, though they adhere to building codes required by the specific state, county, and locality, and do not carry building or zoning regulations. They also differ from manufactured homes in that they don't have an axle or frame, and must be transported on a flat-bed truck or like vehicle. Financing may be in the form of a personal property loan, and at a premium to mortgage loans.
2. Vacant Land in Arizona
Arizona offers all types of land for sale including farms, ranches, timberland, mountain, river, lake and country homes on acreage to buyers interested in hunting, fishing, investing, timber, agriculture, or just getting away to the country. Arizona land, properties, and residential lots for sale by popular AZ cities and towns include the follwing property types:
Custom and Residential Home Sites in Arizona
Individual Vacant Land and Acreage
Arizona Land Foreclosure Listings
Large Vacant Land Parcels for Development
Affordable and Inexpensive Land
Investment Land and Properties
Commercial Land in the Southern Arizona Area
3. Commercial Property in Arizona
A property that is non-owner occupied, owned for the purpose of financial gain either through renting and/or appreciation. Even if the property does not generate income, if the owner does not occupy the home, it is considered an investment property. Investment properties include single-family residences and multi-unit properties. Multi-unit investment properties are among the most expensive to finance.
Multi-unit properties can be primary residences or investment properties. A 2-unit property for example may be occupied by the owner in one unit, and a tenant in the other unit, defining it as a multi-unit primary residence. Or a 4-unit property may be solely occupied by tenants, defining it as a multi-unit investment property. Multi-unit properties carry additional financing adjustments to fee, more substantial for 3-4 unit properties.
Multi-Family Commercial Real Estate
Multi-family commercial real estate property types include duplex homes, and other construction for habitation by mulitple family groups. Condominiums are frequently called multi-family because of their construction as a group, but are normally listed and sold as single family residential units. Duplex homes are also frequently listed and sold as residential units to a buyer that lives in one side and rents out the other.
Retail Space Commercial Real Estate Properties
This category would include single buildings used as stores for clothing, electronics and other consumer products, as well as malls, strip centers and the like. Restaurant spaces are a specialty subset of the retail category, with some listings shown as restaurant/retail. Valuations can be based on size and land value, retail sales per square foot or other investment return calculations.
Office Buildings and Office Complexes
A single building designed for office use, or a group of offices in a single building or cluster of buildings would fall into this category. When offices are grouped in structures with single ownership, they are listed as commercial office rental property. The owner derives income from the rental payments of the office tenants. These can be valued based on the rental income return on investment, rather than methods using square footage and land value. Medical & Dental offices are a subset.
The OwnArizona™ Team Does More Than Buy and Sell Florence Real Estate
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How? By analyzing real estate information on millions of homes in Arizona and nationwide as well as helping you understand hyper-local Southern real estate trends.
Refine your real estate search in AZ by price, number of bedrooms, bathrooms, property type (including townhomes, condominiums and single-family homes), and more.
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