8351 S HOMESTEAD Lane, Tempe, AZ 85284, Tempe, 85284 - 4 bed, 4 bath
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Tempe, AZ 85284
This Resort-Style Gated Estate is listed at $1,199,994, offering a stable acquisition at its $1,199,994 Fair Market Value. Maintaining a Fair Condition Rating, the residence is exceptionally well-kept, featuring a premier Resort-Style Backyard complete with a boulder waterfall, creek, spa, and mountain views. Situated on an expansive 16,091 sq. ft. lot within the prestigious Gated Homestead Community, the property balances privacy with high-end outdoor amenities. This move-in-ready sanctuary is a perfect match for Owner-Occupants or Lifestyle-Focused Buyers seeking a prestigious Tempe address.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 8351 S HOMESTEAD Lane Subject | $1,199,994* List Price | 4 | 4 | 3,768 | $318 | - |
A 8336 S HOMESTEAD Lane Sold | $1,250,000 | 4 | 4 | 3,699 | $338 | 0.0 mi |
B 640 E VINEDO Lane Sold | $1,199,000 | 4 | 3 | 3,754 | $319 | 0.5 mi |
C 104 E PALOMINO Drive Sold | $1,175,000 | 5 | 3 | 3,176 | $370 | 0.2 mi |
D 7686 S Myrtle Avenue Sold | $950,000 List Price | 4 | 3 | 2,987 | 0.6 mi | |
E 8938 S FOREST Avenue Sold | $870,000 | 4 | 3 | 2,813 | $309 | 0.5 mi |
F 7879 S STEPHANIE Lane Active Under Contract | $1,125,000 List Price | 4 | 4 | 3,674 | $306 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1998, this property is exceptionally well-maintained but largely retains its original architectural style and finishes. While the exterior and backyard have been updated with resort-style features and fresh paint, the interior components—including the kitchen cabinetry, white melamine closet systems, and standard carpeting—reflect the home's age and lack a recent comprehensive modern renovation, placing it firmly in the 'Fair' category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 16091, living area = 3768.
The backyard is a private oasis featuring a boulder waterfall, creek, spa, wading pool, and built-in grill, all set against scenic mountain views.
Situated in the prestigious Homestead community, the property offers enhanced security and curb appeal with tree-lined streets and a sought-after Tempe address.
The association fee of $1,054 represents a significant recurring ownership cost that may be higher than comparable neighborhoods in the area.
Built in 1998, the property may soon require capital improvements for major systems like the roof or HVAC if they haven't been recently replaced.
Set in one of Tempe's most sought after gated communities, this home makes a stunning first impression the moment you drive through the gates and down the tree lined streets. The gorgeous curb appeal is just the beginning! Thoughtful updates and inviting spaces make this property truly special. The exterior shines with new landscaping, fresh paint, retractable screen doors, pavers, turf, and a built-in grill, to create a backyard that feels like a private resort. Spend quiet mornings or host unforgettable evenings surrounded by mountain views, a boulder waterfall, children's wading pool, creek and spa, a setting that feels both peaceful and vibrant. Inside, every detail has been cared for, from the three car garage to the seamless flow of living spaces designed for comfort and connection.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 86% |
| Square foot | 3,768 | 2,388 | 92% |
| Lot Size | 16,091 | 9,178 | 84% |
| Price | $1.20M | $360.0K | 90% |
| Price per sq ft | $318 | $204 | 73% |
| Built year | 1998 | 1988 | 86% |
| HOA | $1054 | $199 | 97% |
| Days on market | 104 | 2854 | 2% |
Jan 8, 2026
$1,199,994
Initial Listing