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About this home
Welcome to Tempe--where lifestyle meets location.This LAKEFRONT condo serves up an open, airy layout with tall ceilings, clean tile flooring, crown molding, and a vibe that's equal parts chill and functional.The kitchen keeps it sleek with granite counters and backsplash, matching appliances, and plenty of cabinet space. The primary suite features a spacious ensuite with dual vanities and walk-in closet. Private balcony has premium views of Tempe Town Lake and the surrounding mountains--morning coffee and sunset drinks just hit different here.The gated community includes pool, spa, and fitness center. Let's talk location: walk to Mill Ave, Tempe Town Lake, and ASU, with with restaurants, nightlife, trails, and entertainment around the corner. Prime investor opportunity close to ASU!
Downtown Tempe-Rio Salado, located between Tempe Town Lake and Arizona State University, is a waterfront and urban Tempe neighborhood with a lakefront promenade and a skyline of mid-rise apartments. The neighborhood’s character concentrates around Mill Avenue and Rio Salado Parkway, where patios, coffee counters, and late-night bites spill onto the sidewalks. Tempe Center for the Arts, Tempe Beach Park, and Sun Devil Stadium act as cultural anchors for concerts, festivals, and game-day rituals. Contemporary glass-and-steel buildings mix with older brick storefronts along Mill. The lake paths and bridges shape daily movement on foot and bike. Light rail stations and shaded plazas keep the streets active after dark.
Provided by Walk Score and Local Logic
Offer insights
425 W Rio Salado Pkwy #101 · $479,900
$480K and above
75% chance or better to win
Why $480K+ is a strong offer
DAYS ON MARKET
2 days
The average home goes pending in 68 days.
SALE-TO-LIST
95.9%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
High-speed internet
Granite counters
Double vanity
Breakfast bar
9+ foot flat ceilings
Full bathroom in the primary bedroom
Bedrooms
2 bedrooms
Bathrooms
2 full bathrooms
Kitchen
Built-in microwave
Dishwasher
Disposal
Pantry
Laundry & utility
Indoor laundry
Flooring
Carpet
Tile
Heating & cooling
Electric heating
Central air conditioning
Ceiling fans
Exterior features
Balcony
Lake, city lights, and mountain views
North/south exposure
Desert front landscaping
Wrought-iron fencing
Home design
Condominium
Apartment
Parking
3 covered spaces
1 garage space
2 carport spaces
Gated parking
Garage door opener
Assigned parking
Security
Fire sprinkler system
Owned security system
Construction
Brick veneer, stucco, and wood-frame construction
Painted exterior
Other roof type
Utilities
Public sewer
HOA & community
Monthly association fee includes insurance, sewer, pest control, grounds maintenance, trash, water, roof replacement, and exterior maintenance
Community pool
Heated community spa
Fitness center
Gated community
Near light rail and bus stops
Electricity and solar
View estimated energy costs and solar savings for this home
Sale and tax history for 425 W Rio Salado Pkwy #101
Sale History
Tax History
Date
Event
Price
ARMLS #7103851
Nov 7, 2026
Listed
$479,900
$458/sq ft
ARMLS #6982005
Oct 31, 2026
Listing Removed
—
Jul 13, 2026
Price Changed
$479,900
$458/sq ft
May 16, 2026
Price Changed
$489,900
$467/sq ft
Apr 14, 2026
Price Changed
$499,900
$477/sq ft
Feb 13, 2026
Listed
$509,900
$487/sq ft
Public Records
Mar 13, 2013
Sold
$248,000
$237/sq ft
ARMLS #4866830
Mar 14, 2013
Listing Removed
—
Mar 13, 2013
Sold
$248,000
$237/sq ft
Mar 6, 2013
Pending
—
Mar 5, 2013
Sold
$248,000
$237/sq ft
Jan 8, 2013
Pending
—
Jan 2, 2013
Contingent
—
Dec 28, 2012
Listed
$250,000
$239/sq ft
+26
This is an incredible opportunity to own an amazing property on the south side of Tempe Town Lake. Regatta Pointe is surrounded by some of Tempe’s finest attractions and is located just west of the famed Mill Avenue District on the south side of Tempe Town Lake. Enjoy absolutely stunning views right from your own beautiful windows. Lake views, mountain views, city views, they are all here. You will love being just minutes from Tempe Beach Park, the Tempe Center for the Arts, the Phoenix zoo, Sky Harbor International Airport, ASU, the Phoenix light rail line, taking a leisurely hike up Hayden Butte and so much more. Awesome floor plan, granite counters, very clean, garage and 2 assigned covered parking spaces ( rare to have this much parking )MUST see it!
ARMLS #2868650
Jan 14, 2008
Sold
$388,500
$371/sq ft
Jan 2, 2008
Listing Removed
—
Oct 21, 2007
Listed
$450,000
$429/sq ft
Public Records
Sep 21, 2005
Sold
$377,000
$360/sq ft
ARMLS #2366156
Sep 24, 2005
Sold
$375,000
$358/sq ft
Aug 26, 2005
Listing Removed
—
Aug 19, 2005
Listed
$399,000
$381/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$3,040 (+7.0%)
2024
$2,841 (+1.2%)
2023
$2,807 (+21.1%)
2022
$2,317 (−1.9%)
$5,930 + $23,730
$29,660
2021
$2,363 (+3.4%)
$5,600 + $22,400
$28,000
2020
$2,284 (+2.0%)
$5,400 + $21,620
$27,020
2019
$2,240 (+2.8%)
$4,920 + $19,700
$24,620
2018
$2,180 (+3.2%)
$4,920 + $19,700
$24,620
2017
$2,112 (+0.5%)
$4,850 + $19,430
$24,280
2016
$2,102 (+3.4%)
$4,070 + $16,300
$20,370
2015
$2,033 (+2.8%)
$3,770 + $15,100
$18,870
2014
$1,978 (+7.9%)
$2,960 + $11,870
$14,830
2013
$1,834 (+8.7%)
$2,720 + $10,880
$13,600
2012
$1,687 (+16.7%)
$2,750 + $11,000
$13,750
2011
$1,446 (−29.0%)
$2,780 + $11,120
$13,900
2010
$2,037 (−8.9%)
$4,720 + $18,880
$23,600
2009
$2,236
$6,360 + $25,440
$31,800
Public record
Public record
Zoning
Beds
—
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
—
Year renovated
—
Finished Sq. Ft.
1,048
Unfinished Sq. Ft.
—
Total Sq. Ft.
1,048
Year built
2002
Style
Condo/Co-op
County
Maricopa County
APN
12424056
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 25, 2026.
MU-4
Mixed-Use, High Density District
The MU-4 district (previously designated as MG district) allows unlimited housing density in a mixed-use setting with commercial, office, and public uses. Development intensity in the MU-4 district isestablished through the PAD Overlay process and must be consistent with the General Plan and the city's ability to provide public facilities.