1506 E EDGEWATER Drive, Tempe, AZ 85283, Tempe, 85283 - 4 bed, 3 bath
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Tempe, AZ 85283
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $799,000—positioned well below the $833,920 Fair Market Value by 4%. This valuation gap offers $34,920 in Instant Equity for the buyer. Featuring a Mint Condition Rating, the property boasts a luxury kitchen with quartzite countertops, a revitalized pool, and a climate-controlled workshop. Located in the coveted Lakes Community, it offers a premium lifestyle. This is an ideal acquisition for Owner-Occupants seeking luxury or discerning buyers prioritizing turnkey quality.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1506 E EDGEWATER Drive Subject | $799,000* List Price | 4 | 3 | 2,952 | $282 | - |
A 1406 E BAYVIEW Drive Sold | $799,000 List Price | 4 | 3 | 2,691 | 0.2 mi | |
B 1546 E WINDJAMMER Way Pending | $769,000 List Price | 4 | 3 | 2,660 | $289 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
This 1978 home has undergone a full high-end renovation within the last 5 years. It features a luxury kitchen with quartzite countertops, new LVP flooring, designer fixtures, and a custom wet bar. Modern system upgrades include dual EV charging and a climate-controlled workshop, while the exterior boasts a revitalized pool and fresh landscaping, meeting the criteria for mint condition with no maintenance required.
The property features premium upgrades including quartzite countertops, a 62-inch refrigerator, and designer fixtures, offering a sophisticated, move-in-ready interior that rivals new luxury constructions.
Located in the coveted Lakes Community, residents have access to resort-style perks such as a heated junior Olympic pool, tennis and pickleball courts, and comprehensive fitness facilities.
The home is uniquely equipped for modern needs with dual EV charging stations, epoxy garage floors, and a rare climate-controlled workshop, adding significant value for hobbyists and tech-conscious buyers.
While the interior is fully renovated, the original 1978 construction date suggests that core structural and mechanical systems may be nearing the end of their typical lifespans compared to newer builds.
The assigned middle and high schools carry modest ratings of 4 and 5, which may be a drawback for families specifically seeking top-tier educational performance within their school district.
Tucked away on a charming street in Tempe's coveted Lakes Community, this fully renovated home awaits. The almost 3,000 square foot, 4-bedroom, 2.5-bathroom home has been transformed with LVP flooring, designer fixtures, a custom wet bar, and a new laundry room. The kitchen rivals the finest luxury homes, featuring quartzite countertops and a 62'' refrigerator. Abundant entertaining spaces and sliding glass doors open to a true backyard oasis with a revitalized pool, diving board, and fresh landscaping. Dual EV charging, epoxy garage floors, and a climate-controlled workshop add even more. Community amenities such as the heated junior Olympic lap pool, spa, tennis/pickleball and racquetball courts, plus cardio and fitness rooms mean you never have to leave. This is idyllic Lakes living.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.8 mi
Grades 6-8 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 81% |
| Square foot | 2,952 | 2,044 | 92% |
| Lot Size | 6,299 | 7,871 | 21% |
| Price | $799.0K | $360.0K | 92% |
| Price per sq ft | $271 | $247 | 53% |
| Built year | 1978 | 1978 | 50% |
| HOA | $405 | $0 | 98% |
| Days on market | 8 | 2341 | 2% |
May 29, 2026
$799,000
Initial Listing