Oxbow Estates is a census-designated place (CDP) in Gila County, Arizona, United States.

[3] The CDP is located in northern Gila County on the west side of Arizona State Route 87 (the Beeline Highway), 4 miles (6 km) south of Payson.

It is drained to the west by the seasonally flowing St. Johns Creek, a tributary of Rye Creek and part of the Tonto Creek watershed.

According to the United States Census Bureau, the CDP has a total area of 0.49 square miles (1.27 km2), all land.

[3] It is in the Payson Unified School District.