Rio Verde is a census-designated place (CDP) in Maricopa County, Arizona, United States. It is a master planned community. The population was 1,811 at the 2010 census.
The area surrounding the Rio Verde community, northeast of Scottsdale, was settled by small farmers in the 1880s, who grew hay and alfalfa to provide for the nearby Fort McDowell US Army camp (1865–1890) (now the Fort McDowell Yavapai Nation). In the late 1890s, Frank Asher and William W. Moore acquired several of the small farm plots on the Verde River, combining them into what became the Box Bar Ranch; Moore later bought out Asher's interest. After his death in 1929, Moore's sons, Glen and Lin Moore, operated the Box Bar as a partnership, under the name "Moore Bros Cattle Co.", with grazing leases both east and west of the Verde River. Lin Moore also ran the X2 Ranch, known as "Moore's Well", 12 miles (19 km) to the west, where he and his wife, Ada Lucille, had homesteaded in the 1920s. William Moore's father, Ransom B. Moore, had emigrated to Arizona from California in 1883 and ranched for many years on the Reno Ranch, just west of the community of Punkin Center, Arizona. Ransom Moore, founder of what is now Banning, California, also served as Gila County's delegate to the 16th Arizona Territorial Legislative Assembly in 1891.
The "Asher Hills" were named for Frank Asher, who had been Glen Moore's brother-in-law and William Moore's partner for a time.