
Tempe, AZ 85283
This Renovated Waterfront Residence is a Strong Value Opportunity, listed at $999,999—positioned well below the $1,103,185 Fair Market Value by 9%. This valuation gap provides $103,186 in Instant Equity. Boasting a Renovated Condition Rating, the home features a modern kitchen, versatile 5-bedroom layout, and unobstructed lakefront views from a private balcony. Located in the coveted Lakes community near highly-rated elementary schools, it perfectly balances lifestyle luxury with financial logic. This is an ideal acquisition for Owner-Occupants or Buy-and-Hold Investors seeking a high-equity asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1210 E HARBOR VIEW Drive Subject | $999,999* List Price | 5 | 3 | 3,062 | $360 | - |
A 5802 S STANLEY Place Sold | $732,000 | 5 | 2 | 2,558 | $286 | 0.4 mi |
B 1970 E DUKE Drive Sold | $740,000 | 3 | 2 | 2,419 | $306 | 1.0 mi |
C 1323 E Whalers Way Sold | $1,293,460 | 4 | 4 | 4,024 | $321 | 0.1 mi |
D 5445 S LIGHTHOUSE Lane Active | $1,050,000 List Price | 3 | 4 | 3,176 | $331 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
The property has undergone extensive recent renovations that bring it up to modern standards. The kitchen features contemporary dark cabinetry, white slab countertops, and stainless steel appliances, while the bathrooms have been newly tiled. The interior also boasts updated flooring, modern light fixtures, and fresh paint throughout, effectively mitigating the property's 1978 build year and meeting the criteria for a fully renovated home with no visible deferred maintenance.
Situated in the highly coveted 'The Lakes' community, this property offers rare lakeside living with stunning waterfront views, significantly increasing its long-term value and lifestyle appeal.
With over 3,000 square feet and a dedicated downstairs bedroom and full bathroom, the layout is ideal for multi-generational living or hosting long-term guests.
The home features contemporary updates, including a sleek kitchen with white slab countertops and newly remodeled bathrooms, providing a move-in-ready aesthetic for modern buyers.
Built in 1978, the home may require ongoing maintenance or future capital expenditures for aging infrastructure and systems common with properties of this vintage.
While the elementary school is well-rated, the assigned middle and high schools have lower ratings (4/10 and 5/10), which may be a drawback for families prioritizing top-tier education.
Lakeside Living at Its Finest in the Coveted ''The Lakes'' Community - Be Sure to watch the video of the home and community - just stunning! Welcome to your dream home in one of Arizona's most sought-after waterfront communities -- The Lakes. Rarely do homes like this become available, especially one with such an ideal combination of space, style, and stunning lakefront living. This spacious 5-bedroom, 3-bathroom two-story home offers a well-designed and flexible floorplan perfect for growing families. The downstairs features a generously sized bedroom and full bathroom, making it ideal for a private guest suite or in-law quarters. Step inside to discover modern upgrades, including newly tiled bathrooms and showers, along with a sleek, contemporary kitchen featuring white slab
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.1 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 94% |
| Baths | 3.0 | 2.0 | 82% |
| Square foot | 3,062 | 2,052 | 96% |
| Lot Size | 11,635 | 8,032 | 87% |
| Price | $1000.0K | $360.0K | 95% |
| Price per sq ft | $327 | $254 | 83% |
| Built year | 1978 | 1978 | 50% |
| HOA | $386 | $0 | 96% |
| Days on market | 61 | 2104 | 1% |
Feb 20, 2026
$999,999
Initial Listing