120 E RIO SALADO Parkway 406, Tempe, AZ 85281, Tempe, 85281 - 1 bed, 2 bath
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Tempe, AZ 85281
This Luxury Waterfront Condominium is a premier residence listed at $460,000, offering a sophisticated lifestyle in the heart of Tempe. Boasting a Good Condition Rating, the interior features floor-to-ceiling windows, a granite kitchen, and a spa-style primary suite. The property delivers a Direct Waterfront View of Tempe Town Lake alongside premium amenities including a pool, fitness center, and sauna. Located steps from ASU and Mill Avenue, this move-in ready sanctuary is the perfect fit for Urban Professionals or Seasonal Residents seeking a refined, maintenance-free transition.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 120 E RIO SALADO Parkway 406 Subject | $460,000* List Price | 1 | 2 | 1,168 | $329 | - |
A 312 S HARDY Drive 106 Sold | $439,000 | 2 | 3 | 1,451 | $303 | 0.9 mi |
B 312 S HARDY Drive 106 Sold | $439,000 | 2 | 3 | 1,451 | $303 | 0.9 mi |
C 312 S HARDY Drive 106 Sold | $439,000 | 2 | 3 | 1,451 | $303 | 0.9 mi |
D 140 E Rio Salado Parkway 411 Active | $463,999 List Price | 1 | 2 | 1,282 | $362 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 2006, this property is approximately 20 years old and remains in move-in ready condition. The kitchen features high-quality granite countertops, modern appliances, and well-maintained cabinetry. The bathrooms are well-appointed with spa-style features including a soaking tub and glass-enclosed shower. While the finishes reflect the original luxury style of the mid-2000s rather than a recent full renovation, the property shows minimal wear and tear and high-end maintenance, justifying a 'good' rating.
Situated directly on Tempe Town Lake, this residence offers exceptional mountain and water views with immediate access to Mill Avenue, ASU, and the light rail.
The generous 1,168 square foot open-concept floor plan features floor-to-ceiling windows, granite countertops, and a primary suite with a spa-style soaking tub.
Residents enjoy high-end building features including a fitness center, sauna, pool, spa, and on-site management, providing a resort-like urban living experience.
The monthly association fee of $1,089 is substantial for a one-bedroom unit and may impact the overall affordability and debt-to-income ratio for buyers.
The assigned public schools carry relatively low ratings (3 and 5), which could be a concern for families or long-term resale value in a competitive market.
Luxury waterfront condominium located along Tempe Town Lake with mountain and city views. This spacious residence features an open concept floor plan with floor-to-ceiling windows, abundant natural light, and a seamless flow for entertaining. The kitchen offers granite countertops, rich cabinetry, modern appliances, and a large center island. The primary suite includes a spa-style bathroom with soaking tub, glass-enclosed shower, and generous closet space. Enjoy outdoor living from the private covered balcony overlooking the water. The unit includes a dedicated parking space and storage unit. Community amenities include pool, spa, fitness center, sauna, and on-site management. Minutes from the light rail station, a short walk to Mill Avenue, nearby walking paths, restaurants, and ASU.
No exterior & parking available.
Grades K-8 • 1.4 mi
Grades 9-12 • 2.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 1.0 | 2.0 | 20% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,168 | 1,493 | 33% |
| Lot Size | 1,168 | 1,208 | 40% |
| Price | $460.0K | $0 | 80% |
| Price per sq ft | $394 | $0 | 80% |
| Built year | 2006 | 2006 | 50% |
| HOA | $1089 | $375 | 60% |
| Days on market | 97 | 2907 | 7% |
Jan 15, 2026
$460,000
Initial Listing