1020 E CAROLINE Lane, Tempe, AZ 85284, Tempe, 85284 - 7 bed, 8 bath
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Tempe, AZ 85284
Analysis of 1020 E CAROLINE Lane, Tempe, AZ 85284 is currently available with a list price of $2,494,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Tempe Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
Although built in 1985, this estate has undergone an extensive high-end renovation within the last 5 years. The kitchen features modern designer finishes, premium integrated appliances, and a large waterfall island. The interior showcases updated hardwood and stone flooring, contemporary light fixtures, and vaulted wood-beamed ceilings, while the primary suite includes a recently updated spa-inspired bathroom.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 60200, living area = 9790.
With nearly 10,000 square feet of living space including 7 bedrooms and 8 bathrooms, this estate offers a rare level of volume and utility for large families or multi-generational living.
The property sits on a massive 1.38-acre lot, providing a level of privacy, mature landscaping, and outdoor entertaining space that is highly uncommon for the central Tempe area.
The sheer size of the residence combined with its 1985 construction likely results in substantial utility costs and high ongoing maintenance requirements for the home's mechanical systems.
At nearly 10,000 square feet, the property is significantly larger than the neighborhood average, which may limit the pool of potential buyers and impact future resale liquidity.
13k Sq Ft Of Living Space & Room for 10 CARS or a PLANE. An estate w/ charm that feels like its out of a fairy tale tucked within a quiet, established neighborhood. This residence blends timeless architecture with soaring vaulted cedar ceilings, grandiose entry and living areas offering an open, light-filled layout designed for both everyday comfort and elevated entertaining. The kitchen anchors the home with designer finishes, premium appliances, and seamless flow into expansive living spaces. The primary suite provides a private retreat with a spa-inspired bath and generous storage. Outdoors, the resort-style backyard delivers privacy, mature landscaping, and space to relax or host with ease. A rare opportunity for luxury, location, and lifestyle in one of Tempe's most desirable pockets.
No exterior & parking available.
Grades PK-5 • 0.5 mi
Grades 6-8 • 1.1 mi
Grades 9-12 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 7.0 | 4.0 | 98% |
| Baths | 8.0 | 3.0 | 98% |
| Square foot | 9,790 | 2,388 | 98% |
| Lot Size | 60,200 | 9,178 | 98% |
| Price | $2.49M | $360.0K | 98% |
| Price per sq ft | $255 | $204 | 54% |
| Built year | 1985 | 1987 | 27% |
| HOA | $0 | $175 | 25% |
| Days on market | 89 | 2854 | 2% |
Jan 23, 2026
$2,494,000
Initial Listing