Homes that genuinely support multiple living and income strategies are becoming increasingly rare — especially in established Mesa neighborhoods where lot size, layout flexibility, and zoning advantages already exist.

That’s exactly what sets 5255 E Greenway Circle in Mesa, Arizona (85205) apart.

This is a move-in-ready pool home that blends everyday livability with measurable rental upside, including short-term rental potential exceeding $120,000 annually with the right setup and management. More importantly, it offers layout flexibility that works equally well for primary homeowners, remote workers, multi-generational living, and investors.

In Mesa micro-markets like 85205, properties with this level of adaptability consistently outperform.

Property Snapshot: Mesa AZ Investment & Lifestyle Home

• Address: 5255 E Greenway Circle, Mesa, AZ 85205

• Price: $580,000

• Bedrooms: 5

• Bathrooms: 2.5

• Living Area: 2,603 sq ft

• Lot Size: 8,948 sq ft

• Pool: Yes

• Bonus Spaces:

  • Conditioned bonus room with private exterior access

  • Climate-controlled auxiliary structure with mini-split

Why Mesa AZ 85205 Remains a Strong Real Estate Micro-Market

Mesa continues to be one of the most stable and versatile real estate markets in the Phoenix metro area. The 85205 zip code is especially desirable due to its established housing stock, limited new supply, and proximity to major transportation corridors.

Buyers and investors are drawn to this area for:

• Easy access to Loop 202 and regional employment centers

• Strong owner-occupant demand supporting long-term value

• Consistent rental demand across long-, mid-, and short-term models

• Larger lots and fewer restrictive layouts than newer developments

This combination creates durability — a critical factor for anyone evaluating Mesa Arizona real estate from an investment or lifestyle perspective.

A Move-In-Ready Home Designed for Everyday Living

Inside, the home immediately feels open and welcoming. Soaring vaulted ceilings create volume and natural light, while the large living room and oversized dining area provide flexibility for both daily use and entertaining.

Key interior highlights include:

• Main-level primary suite

• Fresh interior paint throughout

• Tile and carpet professionally steam-cleaned

• Custom entertainment center with dedicated electric fireplace cutout

This is a true move-in-ready property.

The Differentiator: Conditioned Bonus Room with Private Exterior Access

What truly separates this home from others in Mesa is a fully conditioned bonus space located in the garage, complete with its own exterior entrance.

This type of layout feature is rare — and increasingly valuable.

Possible uses include:

• Dedicated home office for remote or hybrid work

• Guest suite or overflow sleeping space

• Fitness room or studio

• Game room or media lounge

• Income-producing rental configuration

This single element dramatically expands the home’s usability and directly contributes to its income potential.

Short-Term Rental & Income Potential in Mesa, Arizona

Mesa has emerged as a strong market for short-term and mid-term rentals, driven by seasonal residents, visiting families, traveling professionals, and corporate housing demand.

Based on comparable performance data, layout configuration, and demand patterns, this property supports multiple rental strategies:

Rental Performance Indicators (Estimates)

• Long-Term Rental: ~ $3,000 per month

• Mid-Term Rental: ~ $4,500 per month

• Short-Term Rental: $120,000+ annually with proper setup and management

Estimates are based on comparable properties, seasonal occupancy assumptions, and professional STR setup. Actual results vary. Buyers should verify local regulations, licensing requirements, and underwriting assumptions.

Very few homes in Mesa 85205 can realistically perform across all three models.

Outdoor Space with Expansion Potential

The backyard is anchored by a sparkling pool, but the value extends well beyond that feature alone.

The 8,948 sq ft lot provides room to enhance both lifestyle and rental appeal, including:

• Adding an ADU (subject to zoning and permitting)

• Installing a spa or outdoor kitchen

• Creating a putting green or expanded entertaining area

In addition, a separate climate-controlled structure with its own mini-split, originally built for pets, adds functional space for storage, hobbies, or workspace — another uncommon feature that increases overall flexibility.

Why Flexible Homes Are Outperforming in 2025 and Beyond

Buyer behavior has shifted. Properties that offer:

• Multiple living configurations

• Dedicated work or guest spaces

• Income optionality

• Room for future improvements

…are consistently outperforming single-use homes.

This property aligns directly with what 2025–2026 buyers and investors are prioritizing: adaptability, practicality, and long-term value preservation.

Frequently Asked Questions: Mesa Short-Term Rentals & Investment Property

Are short-term rentals allowed in Mesa, Arizona?

Mesa allows short-term rentals, subject to city regulations, licensing, and compliance requirements. Buyers should verify current ordinances, registration rules, and HOA restrictions (if applicable) before operating.

Is Mesa a good market for vacation rentals?

Yes. Mesa benefits from year-round demand driven by seasonal visitors, sporting events, visiting families, and corporate or medical travelers, making it well-suited for both short- and mid-term rentals.

What makes a home perform well as a short-term rental?

Strong STR performance typically requires flexible layouts, private or semi-private spaces, amenities like pools, easy access, and proximity to major corridors — all features present in this property.

Long-term vs mid-term vs short-term rentals: which is best in Mesa?

The best strategy depends on risk tolerance and management preferences. This home supports all three, allowing owners to pivot based on market conditions.

A Mesa Arizona Home That Delivers Options

Whether you’re evaluating this property as:

• A primary residence with future income potential

• A short-term or mid-term rental investment

• A hybrid lifestyle + cash-flow property

…it delivers something increasingly rare in Mesa Arizona real estate: options.

In established zip codes like 85205, homes that combine livability, flexibility, and measurable income potential continue to stand out — and hold value — over time.

Listed by Eric Ravenscroft, REALTOR® | Real Broker
Specializing in Mesa Arizona real estate, short-term rental strategy, and investment-driven home selection.