1421 E WHALERS Way, Tempe, AZ 85283, Tempe, 85283 - 4 bed, 3 bath
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Tempe, AZ 85283
This property presents a High-Potential Investment Opportunity with a List Price of $769,000—positioned well above the $718,735 Fair Market Value by -6%. Featuring a Fair Condition Rating, this 1980-built home requires a comprehensive renovation to modernize its original systems and finishes. The asset offers significant upside through its Prime Waterfront Location with a private dock and unobstructed panoramic lake views. This is a strategic acquisition for Fix-and-Flip Investors or Contractors seeking to capitalize on the high-demand Lakes of Tempe community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1421 E WHALERS Way Subject | $769,000* List Price | 4 | 3 | 2,694 | $302 | - |
A 1701 E JULIE Drive Active | $639,000 List Price | 3 | 2 | 2,272 | $281 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1980 and explicitly marketed as a renovation project, this 44-year-old home appears to have mostly original features. Interior photos show dated brickwork, worn carpeting, and missing electrical covers, indicating the property requires a full rehab of the kitchen, bathrooms, and likely aging systems to meet modern standards.
This rare property features direct lake access with a private dock and stunning water views, offering a premium lifestyle in the highly sought-after Lakes of Tempe community.
Residents benefit from a robust clubhouse package including a heated junior Olympic pool, fitness centers, and tennis and pickleball courts, significantly enhancing the property's lifestyle value.
With nearly 2,700 square feet of living space and a large lot, this home provides an ideal canvas for a custom renovation to create a high-end, personalized waterfront retreat.
The property is positioned as a fixer-upper, suggesting that the 1980s-built home likely requires substantial capital investment to modernize its interior finishes and systems.
The assigned middle and high schools carry average ratings (4 and 5 respectively), which may be a drawback for families prioritizing top-tier educational performance.
Rare waterfront opportunity in the highly desirable Lakes of Tempe. This 4-bedroom, 3-bathroom home offers beautiful lake views, a private dock, an outdoor spa, and incredible potential for a buyer ready to bring their vision to life. The family room features a charming brick fireplace, adding warmth and character to the space, while the primary suite includes sliding glass doors that open directly to the backyard with peaceful views of the water. Located in one of Tempe's most established lake communities, residents of The Lakes enjoy access to a clubhouse with fantastic amenities, including a heated junior Olympic pool, cardio and fitness rooms, tennis and pickleball courts, and so much more. This is a unique opportunity to renovate, customize, & create a truly special waterfront retrea
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 0.9 mi
Grades 6-8 • 0.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,694 | - |
| Lot Size | 8,642 | - |
| Price | $769.0K | $562.2K |
| Price per sq ft | $285 | $326 |
| Built year | 1980 | 0 |
| HOA | $386 | $0 |
| Days on market | 40 | 2615 |
Jun 12, 2026
$769,000
Initial Listing