11042 N 28TH Drive 136, Phoenix, AZ 85029, Phoenix, 85029 - 3 bed, 2 bath
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Phoenix, AZ 85029
This Rare Waterfront Ground-Floor Condo is listed at $249,999, representing a stable value for its premium location near the $239,107 Fair Market Value. Boasting a Condition Rating of 3, the unit is move-in ready with modern wood-look flooring and stunning Lakefront and Mountain Views. Its spacious 3-Bedroom Layout and proximity to the 7-rated Moon Valley High School provide significant lifestyle appeal. Located just 1.2 miles from the Metro Pkwy Light Rail, this is an ideal acquisition for Owner-Occupants or Short-Term Rental Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 11042 N 28TH Drive 136 Subject | $249,999* List Price | 3 | 2 | 1,281 | $187 | - |
A 2724 W DESERT COVE Avenue Sold | $270,000 | 2 | 2 | 1,234 | $219 | 0.3 mi |
B 11666 N 28TH Drive 165 Sold | $192,000 | 3 | 2 | 1,088 | $176 | 0.2 mi |
C 11666 N 28th Drive 165 Sold | $192,000 | 3 | 2 | 1,088 | $176 | 0.2 mi |
D 11666 N 28TH Drive 165 Sold | $192,000 | 3 | 2 | 1,088 | $176 | 0.2 mi |
E 11666 N 28TH Drive 165 Sold | $192,000 | 3 | 2 | 1,088 | $176 | 0.2 mi |
F 11666 N 28th Drive 165 Sold | $192,000 | 3 | 2 | 1,088 | $176 | 0.2 mi |
G 2718 W DESERT COVE Avenue Pending | $265,000 List Price | 2 | 2 | 1,234 | $215 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and currently functions as a furnished vacation rental, which typically requires a high standard of maintenance. Although built in 1977 and retaining some dated elements like popcorn ceilings, the interior has been updated with modern wood-look flooring and neutral paint. The unit appears well-maintained with no visible deferred maintenance in the living areas, making it a solid 'good' condition property that does not require immediate renovation.
This rare ground-floor unit offers stunning direct views of the lake and immediate access to private, fenced walking paths, providing a serene and premium outdoor lifestyle.
Located just 1.2 miles from the new Metro Pkwy Light Rail Station, the property offers excellent transit options for effortless commuting and increased long-term value.
With three full bedrooms and 1,281 sqft of living space, this unit is larger than typical condos in the area, making it ideal for families or as a high-capacity vacation rental.
The monthly association fee of $433 is relatively high compared to the listing price, which may impact the debt-to-income ratio for some buyers and overall investor cash flow.
Built in 1977, the property and community may require more frequent maintenance or future capital improvements common with developments of this vintage.
Location and views--this condo has it all. Rarely available, this stunning 3-bedroom, 2-bathroom ground-floor unit offers a spectacular view of the lake. Enjoy direct access to private, fenced walking paths around the water, along with premium community amenities including a pool, spa, tennis courts, and BBQ stations. The living area features an over suzed slider that opens to a private patio and a secure storage room. Ideally situated, you are just 1.2 miles from the new Metro Pkwy Light Rail Station for effortless commuting. Currently used as a furnished vacation rental.
No exterior & parking available.
Grades K-6 • 0.3 mi
Grades 6-8 • 0.4 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 2.0 | 74% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,281 | 1,088 | 96% |
| Lot Size | 701 | 1,070 | 26% |
| Price | $250.0K | $192.0K | 91% |
| Price per sq ft | $195 | $176 | 70% |
| Built year | 1977 | 1984 | 4% |
| HOA | $433 | $230 | 96% |
| Days on market | 79 | 2068 | 4% |
Feb 6, 2026
$249,999
Initial Listing