
Tempe, AZ 85283
This Waterfront Single Family Residence is a High-Potential Investment Opportunity, listed at $899,900—positioned above the $815,310 Fair Market Value by 10%. While priced at a premium, the property offers a Condition Rating of 2, featuring a comprehensive modern remodel, a stunning new kitchen, and an unobstructed panoramic waterfront view. With a generous 14,501 sqft lot and private dock access, this home provides a rare lifestyle asset in Tempe. It is an ideal acquisition for lifestyle-focused buyers or waterfront enthusiasts seeking a turnkey, move-in ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 978 E Driftwood Drive Subject 3 bd · 2 ba · 2,156 sqft · $378 | $899,900* List Price | 3 | 2 | 2,156 | $378 | - |
A 1019 E WATSON Drive Active 5 bd · 2 ba · 2,050 sqft · $354 · 0.3 mi | $724,900 List Price | 5 | 2 | 2,050 | $354 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1976, the property has undergone a comprehensive recent remodel (likely <5 years) featuring a stunning new kitchen with modern cabinetry and stone countertops, updated bathrooms, and new wood-look flooring throughout. The interior is in mint condition with modern fixtures and recessed lighting, requiring no immediate maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 14501, living area = 2156.
The property features a private pathway leading to a personal dock, offering direct access to the lake and a premium waterfront living experience in the heart of Tempe.
The home has been extensively updated with a stunning new kitchen, remodeled bathrooms, and contemporary flooring, providing a move-in-ready aesthetic with high-end finishes.
The assigned public schools for this address have ratings ranging from 4 to 5, which may be a drawback for families prioritizing top-tier educational performance.
Built in 1976, the property may have aging structural or mechanical systems that were not fully replaced during the recent cosmetic renovations.
Welcome to The Lakes, one of Tempe's most distinctive waterfront communities! This beautifully remodeled 3-bedroom home features updated flooring, a stunning new kitchen, updated bathrooms, and spacious living areas designed for everyday comfort. The expansive great room offers plenty of room to relax, gather, and entertain. Step outside to a charming front courtyard with travertine pavers, low-maintenance artificial turf in the front yard, and a backyard with lush real grass. A private pathway leads directly to your own dock, allowing you to enjoy the waterfront lifestyle right from home! Residents of The Lakes enjoy an incredible collection of community amenities, including the Beach and Tennis Club, swimming pools, fitness center, tennis and pickleball courts, basketball, volleyball, boating, fishing, and community activities. Conveniently located near Kiwanis Park, Arizona Mills, waterfront dining at The Lakes, and Tempe's shopping and entertainment destinations, with easy access to US 60 and Loop 101. The home also features a built-in play space in the great room that can be professionally removed, with the area fully restored, if the buyer prefers. Complete with a 2-car garage, this home offers modern updates, generous living space, and waterfront living in the heart of Tempe!
No exterior & parking available.
Grades K-5 • 0.5 mi
Grades K-5 • 1.4 mi
Grades 6-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 3.3 |
| Baths | 2.0 | 2.0 |
| Square foot | 2,156 | 1,805.798 |
| Lot Size | 14,501 | 8,241.322 |
| Price | $899.9K | $528.2K |
| Price per sq ft | $417 | $306 |
| Built year | 1976 | 1973 |
| HOA | $405 | $297 |
| Days on market | 8 | 66 |
Oct 16, 2026
$899,900
Initial Listing