5935 S Lakeshore Drive, Tempe, AZ 85283, Tempe, 85283 - 4 bed, 2 bath
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Tempe, AZ 85283
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $670,000—positioned well below the $703,029 Fair Market Value by 4%. This valuation gap offers $33,029 in Instant Equity for the buyer. Featuring a Chef's Kitchen, Sparkling Diving Pool, and $40k in professional landscaping, the property maintains a Mint Condition Rating. With no HOA and RV parking, this residence offers rare flexibility. It is an ideal acquisition for Owner-Occupants seeking a premium lifestyle or first-time buyers prioritizing turnkey quality.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5935 S Lakeshore Drive Subject | $670,000* List Price | 4 | 2 | 2,183 | $322 | - |
A 1916 E MAGDALENA Drive Sold | $655,000 List Price | 4 | 2 | 2,070 | 0.9 mi | |
B 1849 E WATSON Drive Sold | $540,000 | 4 | 2 | 1,971 | $274 | 0.6 mi |
C 5802 S STANLEY Place Sold | $732,000 | 5 | 2 | 2,558 | $286 | 0.3 mi |
D 6818 S TERRACE Road Sold | $500,000 List Price | 3 | 2 | 1,508 | 0.7 mi | |
E 1532 E WESTWIND Way Sold | $570,000 | 3 | 2 | 1,612 | $354 | 0.6 mi |
F 1146 E MAGDALENA Drive Pending | $629,000 List Price | 4 | 2 | 2,087 | $301 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite the 1973 build date, the property has undergone extensive recent renovations including a chef's kitchen with granite and stainless steel, a brand new master shower, and $40k in professional landscaping. The modern finishes, plantation shutters, and updated flooring throughout indicate a high-quality renovation within the last 5 years, placing it in mint, move-in condition.
The property features a $40,000 landscaping investment including a diving pool, travertine firepit, and integrated Bluetooth sound system, creating a premium backyard oasis.
The absence of a homeowners association combined with a large corner lot and dedicated RV parking offers rare freedom and utility for vehicle storage and property customization.
Recent updates including a chef's kitchen with granite counters, new master shower, and plantation shutters provide a move-in-ready aesthetic with contemporary appeal.
Built in 1973, the home may have aging underlying systems such as plumbing or electrical that could require maintenance despite the cosmetic surface updates.
With only two bathrooms serving four bedrooms, the layout may present a functional challenge for larger families or guests compared to newer builds.
Enter this Amazing 4 bedroom home in Spectacular Tempe Royal Palms Community! No HOA and Conveniently located to schools, churches, shopping, Restaurants, Sky harbor airport & Freeways! Many updates including; new master shower & shower doors! Outdoors has 40,000.00 in landscaping, turf & widened driveway in front! Stucco walls redone in 2024 surrounding pool & cool deck, pool pump & motor, new cartridge filtration system& LED 32 light shade pool light! Backyard includes Sparkling diving pool, travertine firepit, blue tooth wired system, dog run & RV parking! Large corner lot! Entire Inside painted 2024! Chefs kitchen includes; gas range, backsplash, granite counters & SS appliances! Tile & laminate floors throughout! Plantation shutters! Master en suite! Door off master to pool! Large laundry room! Great room has cozy fireplace & prewired for surround sound! Washer, dryer & fridge convey! This is a MUST show!
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 2,183 | - |
| Lot Size | 8,276 | - |
| Price | $670.0K | $562.2K |
| Price per sq ft | $307 | $326 |
| Built year | 1973 | 0 |
| HOA | $0 | $0 |
| Days on market | 29 | 2615 |
Jun 23, 2026
$670,000
Initial Listing