5604 S ROCKY POINT Road, Tempe, AZ 85283, Tempe, 85283 - 2 bed, 2 bath
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Tempe, AZ 85283
This Premium Lakefront Residence is listed at $729,900, representing a high-demand asset within the prestigious The Lakes community. Positioned relative to its $654,147 Fair Market Value, the valuation reflects the rare direct lakefront and sunset views and a Condition Rating of 3. The interior features a renovated kitchen with granite countertops and a versatile den, while the exterior offers resort-style amenities including a private beach club. Located near Rover Elementary, this polished sanctuary is an ideal match for Owner-Occupants or lifestyle-focused buyers seeking a move-in ready waterfront retreat.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5604 S ROCKY POINT Road Subject | $699,900* List Price | 2 | 2 | 1,652 | $382 | - |
A 1916 E MAGDALENA Drive Sold | $655,000 List Price | 4 | 2 | 2,070 | 0.8 mi | |
B 1532 E WESTWIND Way Sold | $570,000 | 3 | 2 | 1,612 | $354 | 0.3 mi |
C 1532 E WESTWIND Way Sold | $570,000 | 3 | 2 | 1,612 | $354 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1971, the property is move-in ready and has undergone significant renovations that appear to be within the 5 to 15-year range. The kitchen features high-quality dark wood cabinetry, granite countertops, and stainless steel appliances. The bathrooms have been updated with custom stone vessel sinks and natural stone tiling. The interior includes updated recessed lighting and a mix of slate and wood-look flooring. While the style is not 'ultra-modern,' the home is well-maintained with no visible deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8224, living area = 1652.
Situated on a prime lot in the highly sought-after Lakes community, this home offers direct, unobstructed views of the water and desert sunsets from multiple vantage points.
Residents benefit from an extensive array of private club amenities, including a fitness center, tennis and pickleball courts, boating, and a beach club, providing a high-end lifestyle.
Built in 1971, the property may require capital improvements or modern updates to its core systems and interior finishes to meet contemporary standards.
With only two formal bedrooms, the home's configuration may limit its appeal to larger families or buyers requiring more dedicated sleeping quarters at this price point.
Welcome to this charming lakefront home in the highly sought-after The Lakes community of Tempe. Situated on a premium lot, this single-level residence offers stunning direct views of the sparkling lake from multiple rooms, plus a separate exit in the primary bedroom. Abundant windows and natural light create a bright, open atmosphere that perfectly frames the beautiful water views and desert sunsets. The home features 2 bedrooms plus a versatile library/den and 2 bathrooms. Residents of The Lakes enjoy resort-style amenities including a private Beach and Tennis Club with fitness center, outdoor pool and spa, tennis, pickleball, basketball, racquetball and sand volleyball courts, bocce ball, billiards, children's playground, scenic walking paths, catch-and-release fishing, and boating.
No exterior & parking available.
Grades K-5 • 0.2 mi
Grades K-5 • 1.0 mi
Grades 6-8 • 0.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 3.0 | 11% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,652 | 1,971 | 34% |
| Lot Size | 8,224 | 7,924 | 57% |
| Price | $699.9K | $360.0K | 87% |
| Price per sq ft | $424 | $247 | 94% |
| Built year | 1971 | 1978 | 6% |
| HOA | $405 | $0 | 98% |
| Days on market | 64 | 2342 | 2% |
May 24, 2026
$699,900
$729,900
-4% Price Drop
Initial Listing
Apr 4, 2026
$729,900
Initial Listing