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$995,000
7077345 MLS ACTIVE Status 0.16 Acres 85281 Zip Code
PRIME TEMPE DEVELOPMENT OPPORTUNITY | RARE MULTIFAMILY BUILD SITE NEAR ASU | TWO PARCELS, ENDLESS POTENTIAL A rare opportunity to secure a prime redevelopment site in the heart of Tempe, just minutes from ASU. Located in one of the Valley's most sought-after multifamily submarkets, this offering includes two parcels, 124-70-002 and 124-70-003, with R-3 zoning allowing medium-density multifamily development. Whether you're an investor or developer looking to capitalize on the area's strong student-housing demand and proximity to ASU, this site offers an opportunity to bring your vision to life. Purchase both parcels together or separately, providing flexibility to suit your development strategy. Opportunities of this scale and proximity to ASU are rare to find.

1031 S Farmer Ave Lots 7 & -- Unit 8, Tempe

$995,000
2 Beds 3 Baths 7001309 MLS ACTIVE Status 0.05 Acres 85281 Zip Code 1,968 SqFt.
Experience elevated waterfront living at Edgewater, where unobstructed views of the lake and the iconic Mill Avenue Bridge create a striking backdrop to everyday life. Expansive picture windows immediately draw your attention outward as rowing crews glide across the water, cyclists trace the shoreline, and the energy of downtown unfolds just beyond. The open concept design is intentional, maximizing natural light while seamlessly connecting interior living spaces to the surrounding scenery. This unique two bedroom, two and a half bathroom floor plan offers noticeably more living space than similar units on higher floors due to the architectural shape of the building, creating a larger and more functional layout that is rarely available. The guest suite is exceptionally spacious and currently accommodates two queen Murphy beds, a standup desk, and dedicated space for yoga and fitness, making it larger than many primary suites within the building. The guest bathroom is positioned just off the suite, while an additional half bath near the entry foyer allows for effortless hosting of both long term guests and everyday entertaining. The primary suite serves as a true retreat, offering generous proportions with an oversized layout that provides more than enough space for a king sized bed, a dedicated office or desk setup, or an additional sitting area. The spa inspired bathroom is designed for both comfort and privacy. Two private balconies provide front row access to morning sunrises and vibrant Arizona sunsets reflected across the water. The kitchen is both functional and refined, anchored by a waterfall island and designed to flow seamlessly into the main living and dining areas. Additional features include engineered hardwood flooring, automated Hunter Douglas window coverings, a gas fireplace, and secure parking with climate controlled storage. Located within Edgewater at Tempe Town Lake, this iconic building offers a full suite of resort style amenities. Residents enjoy a gated garage, a front desk attendant with on site security, a pool and jacuzzi, fitness center, and a private community lawn with lounge areas and grills. Additional shared spaces include a clubhouse with kitchen, television lounge and a pool table room. Direct access to Tempe Town Lake's dock, as well as immediate connection to the lake's walking and biking paths, places the outdoors at your doorstep. Edgewater is professionally managed with on site HOA management and strong reserves, offering peace of mind through thoughtful, well maintained operations. With A Mountain and Tempe Town Lake as your playground and seamless access to Tempe, Phoenix, and Scottsdale, this residence delivers a rare balance of tranquility, convenience, and iconic desert living.

120 E Rio Salado Parkway Unit 204, Tempe

$975,000
4 Beds 3 Baths 7074836 MLS ACTIVE Status 0.34 Acres 85282 Zip Code 3,461 SqFt.
Late midcentury ranch meets desert contemporary in this one-of-a-kind custom home in highly coveted Alameda Estates. Warm earth tones, natural wood textures and playful patterns create a distinctive style, while soaring vaulted ceilings with exposed wood beams bring dramatic volume. Wood-framed doors add character throughout. The grand primary suite features a generous seating area, and nearly every bedroom offers a walk-in closet. An oversized pantry provides incredible storage or flexible bonus space. Set on a massive cul-de-sac lot with endless possibilities and topped with a new roof, this truly cool home offers personality, space and an exceptional location in the heart of Tempe

123 E Loma Vista Drive, Tempe

$975,000
7 Beds 7 Baths 7042057 MLS ACTIVE Status 0.17 Acres 85281 Zip Code 2,597 SqFt.
WOW! 7 bedroom & 7 bathroom home! Completely renovated with city approved permits! This exceptional property is a very high grossing rental investment, offering strong income potential. Recent upgrades include all new sewer lines, bathroom plumbing, new electrical/new city meter, and newer AC's! Enjoy 2 new tankless water heaters, seven fully updated bathrooms, new flooring throughout, and all new windows and doors. The exterior has been transformed with fresh stucco/paint, along with new driveway pavers. This is a turnkey property with modern systems and excellent rental appeal! Ideally situated in the heart of Tempe, this remarkable property is just one block from ASU and within walking distance of Mill Avenue's vibrant dining, shopping, and entertainment scene. DON'T WAIT !!

725 E Encanto Drive, Tempe

$959,000
3 Beds 4 Baths 6987756 MLS ACTIVE Status 0.25 Acres 85283 Zip Code 3,176 SqFt.
Waterfront home on The Island - A Rare Opportunity (only 3 waterfront homes on Lighthouse Lane have sold in the last 20+ years). Expansive Lake Views from almost every room in this 3 Bed + den/3.5 Bath house with endless possibilities for a homeowner or investor - check out the comps! The main level features an elevated view of the lake and a full length covered balcony, a large living room with vaulted ceilings, kitchen, breakfast room, den and an oversized 3-car garage with plenty of storage and room for a workshop. Downstairs features all three bedroom suites, creating a private sleeping quarters floor separate from the main living areas! Be sure to check out all the amenities offered at the clubhouse which include a heated junior olympic pool, cardio/fitness rooms, tennis and pickleball courts, and much more! You'll Love Living in The Lakes!

5445 S Lighthouse Lane, Tempe

$915,000
5 Beds 3 Baths 7063613 MLS ACTIVE Status 0.25 Acres 85283 Zip Code 2,998 SqFt.
Located in the highly sought after Camelot Village community in South Tempe, this beautifully updated home offers the perfect blend of space, style, and function. Featuring five bedrooms and three full bathrooms, this stunning home boasts a fully remodeled kitchen, an oversized wraparound peninsula, abundant updated cabinetry and marbled quartz countertops. The show stopper is a custom Lacanche 54-inch gas range including a French hot plate, griddle, multiple burners and electric double ovens. This custom range was handcrafted in Burundy, the birthplace of French cuisine and shipped to Tempe, Arizona. In addition, there is a wall oven and microwave making this kitchen a cook's dream! Throughout the house there are multiple updates including a vaulted tongue and groove ceiling with built in can lights, custom tilt-turn European windows and beautifully updated light fixtures throughout. The two secondary baths have been fully renovated with exquisite marble tile work, while large, upgraded windows fill the home with natural light. You'll also enjoy the bonus space attached to the primary bedroom that could be used as a sitting room or office space. Step outside to your own backyard oasis. It is truly an entertainer's dream! With thoughtful updates, generous living space, an unbeatable South Tempe location, and no HOA, this is a home you won't want to miss!

1956 E Carmen Street, Tempe

$900,000
6 Beds 3 Baths 7048134 MLS ACTIVE Status 0.33 Acres 85282 Zip Code 2,926 SqFt.
No HOA! This beautifully recently updated pool & Casita property comes loaded with premium improvements and exceptional features. Enjoy the peace of mind that comes with all-new sewer lines, a new roof, new energy-efficient windows, new flooring, new interior and exterior paint, new baseboards, new French doors, and remodeled bathrooms throughout. The bright, modern kitchen features new white cabinetry, a large island with granite countertops, stainless steel appliances, and a new microwave. Enjoy the holidays around your refinished wood-burning fireplace in the large living room off the kitchen. Step outside to your private backyard retreat, complete with a large diving pool, artificial grass, and a newly refinished patio--perfect for entertaining or relaxing. The spacious, privately fenced lot offers plenty of room to enjoy Arizona living, and you will appreciate the complete privacy of a huge lot with no homes behind you. Car enthusiasts, hobbyists, or those needing extra workspace will appreciate the air-conditioned 4-car garage. The separate backyard casita-guest house has its own air conditioning and provides flexibility for guests or rental income. The front yard has all-new landscape rock for a low-maintenance yard.

2515 S Palm Drive, Tempe

$895,000
4 Beds 2 Baths 7081092 MLS ACTIVE Status 0.37 Acres 85284 Zip Code 2,761 SqFt.
6 CAR TANDEM GARAGE with storage+ No HOA + RV Gate & Enclosed 55X12 RV Style Storage Building, with room along side to park you extra toys! a Beautiful sparkling pool, 16,000+sqft lot & More!! This Kyrene school district neighborhood is buzzing with excitement! This sought after community finally has another listing for sale!! You certainly don't see properties like this every day. Moving inside of this Beautiful 2761sqft home featuring 4 bedrooms, 2 bathrooms, you'll find bright and inviting living areas ideal for entertaining and relaxation, with tile flooring, vaulted ceilings that make it feel even more spacious, plantation shutters to add classic charm, a fireplace to keep you warm, and neutral paint that complements any decor. The kitchen features wood cabinetry, granite counters with a matching backsplash, and built-in essentials for a seamless cooking experience. Enjoy a good night's rest in the main retreat, offering a walk-in closet for easy organization and a bathroom with double sinks and a separate shower & tub. Back outside you have plenty of room to gather with your loved ones in the backyard, complete with a covered patio perfect for barbecues, ample seating space with grass, an outdoor fireplace for late-night conversations, and a blue pool to enjoy sunny days! Hurry up, this one will sell fast! Let's not forget the 6 car garage + 55x12 Covered & enclosed Rv style storage building with additional room along side it, to park a trailer, a boat or both. All of this with a oversized driveway, Rv gate and solar to help offset the electric bills.

8122 S Palm Drive, Tempe

$865,000
4 Beds 3 Baths 7042871 MLS ACTIVE Status 0.22 Acres 85284 Zip Code 2,512 SqFt.
Welcome home to this beautifully updated residence in Estate La Colina. Designed for comfortable family living, it features a remodeled kitchen with custom cabinetry, premium Café appliances, and quality craftsmanship throughout. Rich hardwood floors enhance the main living areas, creating a warm, elegant atmosphere. The flexible floor plan includes a main-level bedroom and full bath, ideal for guests, a home office, or multigenerational living. Upstairs, the spacious primary suite offers a private balcony, while two additional bedrooms and a secondary bath complete the level. Enjoy the benefits of fully owned solar panels and no HOA fees. With its prime location, thoughtful upgrades, beautiful outdoor space, and exceptional value, this home is a rare opportunity.

1983 E Palomino Drive, Tempe

$850,000
5 Beds 4 Baths 7009295 MLS ACTIVE Status 0.19 Acres 85284 Zip Code 4,066 SqFt.
ONLY $220 PER SQUARE FT FOR A 5 BEDROOM HOME IN TEMPE!!! Stunningly UPDATED 5-Bedroom/3.5 Bath in highly desirable 'Estate la Colina' offers lots of personal space for a large or multi-generational family! NEW extra-large plate-glass front Window! Kitchens and Bathrooms professionally remodeled. NEW Flooring & fresh Paint thru-out. NEW Fans & Lighting. NEW Pavers. Classy NEW Front Door. NEW Garage Door. NEW water heater. Two Master Bedrooms ~ one downstairs, one upstairs. Upstairs Master boasts NEW Custom Closet System, Balcony to enjoy sunsets! Separate entrance for downstairs Master Bedroom. NEW Gourmet Kitchen with NEW bonus coffee Bar, access to Courtyard Patio with garden area! Bonus/Reading Room upstairs with tons of natural light! Great neighborhood! NO HOA! Close to EVERYTHING! Backs to walking/bridle path (so no neighbor behind). Not on a thru-street, so no unnecessary neighborhood traffic. All 3 HVAC systems annually serviced. Monthly Pest elimination. Two water heaters. Water Softener & R/O Systems. Updated front landscaping. TONS of bonus Storage Rooms - who needs a basement! Dual-pane windows, Solar Screens... this is a very unique home ~ not your typical cookie-cutter!

8421 S Kenwood Lane, Tempe

$825,000
4 Beds 3 Baths 7058579 MLS ACTIVE Status 0.19 Acres 85281 Zip Code 1,848 SqFt.
This is the home you've been waiting for! Over $300K in improvements. Completely remodeled from top to bottom with modern luxury and exceptional craftsmanship, this stunning residence is one of North Tempe's finest. The thoughtfully designed split floor plan features two spacious primary suites with spa-inspired en-suite baths and oversized closets, offering comfort and privacy. Just blocks from ASU and Downtown Tempe, this high-producing short-term rental is an incredible investment or primary residence. Step outside to your private resort-style backyard with a sparkling pool and expansive covered patio, perfect for entertaining. Be sure to check out the extensive list of improvements--every detail has been beautifully updated!

1013 S Parkside Drive, Tempe

$799,900
4 Beds 3 Baths 7062585 MLS ACTIVE Status 0.19 Acres 85281 Zip Code 2,639 SqFt.
Rare opportunity to own brand-new construction in the heart of Tempe w/ modern design, energy efficiency & no HOA. Perfect as a primary residence, multigenerational home or investment property w/ strong rental potential near ASU. Minutes from ASU, Tempe Town Lake, Sky Harbor, shopping, dining & freeways. Open-concept floorplan w/ 9-ft ceilings, recessed lighting & wood-look flooring. Kitchen features quartz counters, shaker cabinets, SS appliances, lg island & dining area. 4BD/3BA + office/optional 5th BD. Primary suite w/ walk-in closet, dual vanities & walk-in shower. Spray foam insulation, oversized 2-car garage, RV gate, laundry w/ cabinets & utility sink, low-maintenance landscaping, paver driveway & covered patio.

1218 W Howe Street, Tempe

$799,000
2 Beds 1 Baths 7082130 MLS ACTIVE Status 0.25 Acres 85281 Zip Code 1,048 SqFt.
Unique Tempe INVESTMENT Opportunity on an approx. 11,032 SF R-3 zoned lot feauturing Two separate 2-bed/1-bath residences, both tenant-occupied and producing $2,500 combined monthly rent. Each home has separate APS electric, City of Tempe water, and Southwest Gas meters. new Roof Aug 2026. County records identify the property as Multiple Family Residence. Conveniently located near ASU, Downtown Tempe, shopping, dining and major transportation corridors. For added development potential, pair with the adjoining parcel at 815 S Roosevelt St to assemble a combined 22,024 SF--ideal for possible Multi-Unit Redevelopment. Buyer to verify zoning, land use, SF, permits, utilities, rents, and all facts material to purchase.

816 S Wilson Street S, Tempe

$795,000
3 Beds 1 Baths 7029919 MLS ACTIVE Status 0.19 Acres 85281 Zip Code 1,000 SqFt.
Do NOT disturb tenants, drive-by Only! RARE opportunity to own a property just a few blocks away from Mill Ave! Located on one of the best streets - 5th St! Great R3 zoning! Large 8,300+ sf lot! New construction abounds! Urban infill at its best! - there is a new 50m+ upscale mid-rise project directly across the street that is just being completed! And less than 100 yards to the east is Farmer Ave, where hundreds of millions have been spent on a variety of commercial, multifamily, and mixed used developments, including the new Westin Vib hotel! Only a block to the Tempe Streetcar, which connects to the Light Rail, which is less than 2 min away! Walk to ASU, Mill Ave, Tempe Town Lake and more! This is a GREAT AREA!! R-3 ZONING, large/deep lot!! Perfect location for new condos/townhomes etc. Zoning should allow for 3 units but check with city as owner/agent makes no guarantees. Imagine the views from the 3rd floor rooftop balconies of the West 5 towers and the Tempe skyline, plus the mountain views!! Drive by only, do not disturb the tenants, Thx

421 W 5th Street, Tempe

$785,000
5 Beds 3 Baths 7078980 MLS ACTIVE Status 0.13 Acres 85284 Zip Code 2,763 SqFt.
Welcome to 563 E Krista Way, a beautifully updated 5-bedroom, 3-bathroom home in the desirable gated Coventry Tempe community of South Tempe. This spacious residence offers an inviting floor plan, modern updates, and a private backyard with a sparkling pool perfect for Arizona living and entertaining. Enjoy a 2-car garage, comfortable living spaces, and a location within the highly sought-after Kyrene Elementary and Tempe Union High School districts. Community amenities include tennis courts, playgrounds, and walking/biking paths. Conveniently located near Kiwanis Park, shopping, dining, major freeways, and everything South Tempe has to offer. A wonderful opportunity to enjoy the best of Tempe living!

563 E Krista Way, Tempe

$780,000
3 Beds 2 Baths 6960846 MLS ACTIVE Status 0.23 Acres 85281 Zip Code 1,753 SqFt.
Nestled in one of the most desirable neighborhoods. This bungalow has timeless architecture in a prime location, blocks from ASU. Lush landscaping on a generous lot w/flood irrigation. Main home 1,114 sf, guest space 621sf. Arched doorways & niches showcase the architecture, real wood floors add style. Natural light floods the space through the bay window , creating an inviting atmosphere. The separate guest space is versatile-perfect for family, office, studio. This University Park gem is not just a home; it's a lifestyle. Experience the best of Tempe living, where academic excellence, cultural & entertainment converge steps from your front door. Fully Remodeled in both spaces leave nothing to be done!

1426 S Grandview Drive, Tempe

$779,000
4 Beds 2 Baths 7080690 MLS ACTIVE Status 85282 Zip Code
NOT YOUR TYPICAL DUPLEX! This TURNKEY, REMODELED income property offers two private 2 bed/1 bath units that live like single-family homes! Each has its own street frontage, private carport with 2-car paver driveway, & a well-designed floorplan with a large living area, spacious bedrooms, private laundry & fenced yard. Both interiors have been extensively updated with NEW modern kitchens featuring quartz counters & stainless appliances, luxury vinyl flooring, beautifully updated baths & designer fixtures/finishes throughout. One unit is leased at $2,000/mo with the second offered at $2,250/mo - POTENTIAL GROSS INCOME OF $51,000/YEAR! Perfect for an investor OR owner-occupant looking to offset their payment with rental income. Prime Tempe location minutes from ASU, Downtown Tempe & Mill Ave.

2044 S Forest Avenue, Tempe

$775,000
4 Beds 3 Baths 7034999 MLS ACTIVE Status 0.14 Acres 85283 Zip Code 2,952 SqFt.
Tucked away on a charming street in Tempe's coveted Lakes Community, this fully renovated home awaits. The almost 3,000 square foot, 4-bedroom, 2.5-bathroom home has been transformed with LVP flooring, designer fixtures, a custom wet bar, and a new laundry room. The kitchen rivals the finest luxury homes, featuring quartzite countertops and a 62'' refrigerator. Abundant entertaining spaces and sliding glass doors open to a true backyard oasis with a revitalized pool, diving board, and fresh landscaping. Dual EV charging, epoxy garage floors, and a climate-controlled workshop add even more. Community amenities such as the heated junior Olympic lap pool, spa, tennis/pickleball and racquetball courts, plus cardio and fitness rooms mean you never have to leave. This is idyllic Lakes living.

1506 E Edgewater Drive, Tempe

$769,000
6 Beds 3 Baths 7057817 MLS ACTIVE Status 0.17 Acres 85284 Zip Code 2,582 SqFt.
Welcome to this beautifully renovated 6-bedroom, 3-bathroom home in the highly desirable Pecan Groves community of Tempe. Thoughtfully updated with modern finishes and designed for comfortable living, this spacious home offers the perfect blend of style, functionality, and location. Step inside to discover a bright, open floor plan featuring brand-new flooring, fresh paint, updated lighting, and a stunning remodeled kitchen with sleek cabinetry, quartz countertops, stainless steel appliances, and island that's perfect for entertaining. The generous living and dining spaces flow seamlessly, creating an inviting atmosphere for gatherings of any size. With six spacious bedrooms and three fully renovated bathrooms, there's plenty of room for family, guests or a home office.

8757 S Mill Avenue, Tempe

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Information Is Believed To Be Accurate But Not Guaranteed. Some or all listings may or may not be listed by the office/agent presenting these featured properties. Copyright 2026 MTRMLS, Inc. RealTracs Solutions.