3830 E LAKEWOOD Parkway 2085, Phoenix, AZ 85048, Phoenix, 85048 - 2 bed, 2 bath
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Phoenix, AZ 85048
This Portofino Condominium is a Prime Investment Opportunity, listed at $279,999—positioned well below the $361,012 Fair Market Value by 22%. This significant valuation gap provides $81,013 in Instant Equity. While the unit holds a Well-Maintained Condition Rating, its original 1990s finishes offer clear value-add potential through cosmetic updates. Residents benefit from a pool-view balcony, a cozy fireplace, and access to the top-rated Kyrene de los Lagos Elementary (9/10). This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a high-equity entry into the Ahwatukee market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 3830 E LAKEWOOD Parkway 2085 Subject | $279,999* List Price | 2 | 2 | 997 | $362 | - |
A 3830 E LAKEWOOD Parkway E 3022 Sold | $275,000 | 2 | 2 | 997 | $276 | 0.0 mi |
B 3830 E LAKEWOOD Parkway E 2173 Sold | $295,000 | 2 | 2 | 997 | $296 | 0.1 mi |
C 3830 E LAKEWOOD Parkway E 1146 Sold | $220,000 | 1 | 1 | 693 | $317 | 0.1 mi |
D 3830 E LAKEWOOD Parkway 3079 Active | $269,900 List Price | 2 | 2 | 997 | $271 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property, built in 1995, appears to be in well-maintained but original condition. The kitchen features dated laminate countertops, oak-style cabinetry, and older black appliances, including a coil-top electric range. The bathrooms also show original 1990s-era vanities and fixtures. While the unit is functional and clean, it lacks modern updates and shows stylistic aging consistent with a property that has not undergone a significant renovation in over 20 years.
Elementary School: Kyrene de los Lagos School (9/10).
Located in the Portofino Condominiums within the LakeWood community, residents have walking access to a heated pool, spa, fitness center, movie theater, and clubhouse.
The property is zoned for top-tier schools, including Kyrene de los Lagos Elementary (9/10 rating) and Desert Vista High School, providing significant long-term value.
At 997 square feet for a two-bedroom, two-bathroom configuration, the living spaces may feel tight for buyers prioritizing roominess or extensive storage.
Built in 1995, the unit may require cosmetic modernizations or updates to mechanical systems to meet the expectations of buyers looking for contemporary finishes.
Beautiful 2 Bedroom 2 Bath Beautiful Condo in Portofino. The unit is on the second floor, very quiet, with a FirePlace. Includes a Refrigerator, Washer/Dryer. Balcony overlooks the Pool/Spa and Courtyard. Walking distance to Fitness Center, Movie Theater, Heated Pool/Spa, Business Center and Clubhouse. This Condo Complex is in the Lake Community of LakeWood!
No exterior & parking available.
Grades PK-5 • 0.8 mi
Grades 6-8 • 1.6 mi
Grades 9-12 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 997 | 1,033.5 | 45% |
| Lot Size | 1,056 | 1,044 | 55% |
| Price | $280.0K | $287.5K | 50% |
| Price per sq ft | $281 | $277 | 55% |
| Built year | 1995 | 1996 | 30% |
| HOA | $292 | $238 | 80% |
| Days on market | 39 | 1282 | 5% |
Mar 14, 2026
$279,999
Initial Listing