5419 S Compass Road, Tempe, AZ 85283, Tempe, 85283 - 4 bed, 3 bath
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5419 S Compass Road
Tempe, AZ 85283
ACTIVE
CONDITION: FAIR
4Beds
3Baths
2,382Sq Ft
8,542Lot Size
Property Price
LIST PRICE$1,000,000
EST. MARKET VALUE
$958,856
4% AboveMARKET VALUE
SUMMARY
This lakefront property represents a High-Potential Investment Opportunity, listed at $1,000,000—positioned slightly above the $958,856 Fair Market Value. While the price reflects a premium for the unobstructed panoramic lakefront view, the home maintains a Condition Rating of 4, indicating that modernization of the 1980s interior will further drive appreciation. Featuring split primary suites, a private pool and spa, and access to The Lakes resort-style amenities, this home is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a lifestyle-focused residence with significant long-term value.
Estimated Market Value
$958,856
Based on Realkey algorithm analyzing recent comparable sales in Tempe.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5419 S Compass Road Subject 4 bd · 3 ba · 2,382 sqft · $403 | $1,000,000* List Price | 4 | 3 | 2,382 | $403 | - |
A 1053 E SANDPIPER Drive Active 4 bd · 5 ba · 2,817 sqft · $453 · 0.1 mi | $1,275,000 List Price | 4 | 5 | 2,817 | $453 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Fair
TeardownExcellent
Property is moderate renovation needed.
The property was built in 1980, making it over 40 years old. While the description highlights an open concept and desirable lakefront location, there is no mention of recent major renovations to the kitchen, bathrooms, or HVAC systems, suggesting the interior is likely dated and fits the >20-year age bracket for needing updates.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Lakefront Location
Situated directly on the water in the prestigious Lakes community, this property offers rare lakefront living with stunning views and direct access to a 52-acre stocked lake.
- Resort-Style Amenities
Residents enjoy access to an extensive Beach and Tennis Club featuring a fitness center, heated pool, spa, and multiple sports courts, providing a high-end lifestyle package.
- Multigenerational Floor Plan
The home features a versatile layout with split primary suites and four bedrooms, making it an ideal choice for multigenerational families or those requiring private guest quarters.
CONSRISKS & DEFICIENCIES
- Property Age
Built in 1980, the home may require capital improvements or modernization of major systems and cosmetic finishes to align with contemporary luxury standards.
- Moderate School Ratings
The assigned middle and high schools have average ratings (4 and 5 respectively), which may be a drawback for education-focused buyers at this price point.
About 5419 S Compass Road
Welcome to this lakefront home in the highly sought-after Lakes community of Tempe. Residents of The Lakes enjoy resort-style amenities including a private Beach and Tennis Club with fitness center, outdoor heated pool and spa, tennis, pickleball, basketball, racquetball and sand volleyball courts, bocce ball, billiards, children's playground, and a 52 acre stocked lake for fishing. Enjoy entertaining in the open concept dining room, living room with fireplace and kitchen with water views from the pool and lake. This home features split primary suites ideal for multigenerational living. Windows, sliding glass doors and natural light from the skylights create a bright welcoming home. With 4 bedrooms 3 bathrooms 2 whirlpool tubs and a hot tub, relaxation can be footsteps away.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 8,542 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 3 (3 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $405 / Month
Neighborhood Insights
Tempe Unified Schools
Rover Elementary School
Grades K-5 • 0.6 mi
5/10
Fuller Elementary School
Grades K-5 • 1.4 mi
7/10
Fees College Preparatory Middle School
Grades 6-8 • 0.7 mi
4/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 3.3 |
| Baths | 3.0 | 2.0 |
| Square foot | 2,382 | 1,805.798 |
| Lot Size | 8,542 | 8,241.322 |
| Price | $1.00M | $528.2K |
| Price per sq ft | $420 | $306 |
| Built year | 1980 | 1973 |
| HOA | $405 | $297 |
| Days on market | 11 | 66 |
Pricing History
Listed for Sale
Oct 13, 2026
$1,000,000
Initial Listing