Welcome to Tempe—where lifestyle meets location.This light-filled 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!
For sale
Price cut: $10K (5/16)
$489,900
425 W RIO SALADO Parkway #101, Tempe, AZ 85281
2beds
1,048sqft
Condominium
Built in 2002
-- sqft lot
$-- Zestimate®
$467/sqft
$400/mo HOA
What's special
Gated communityLight-filled condoTall ceilingsPlenty of cabinet spaceCrown moldingFitness centerWalk-in closet
- 141 days |
- 235 |
- 10 |
Zillow last checked:
Listing updated:
Listed by:
Alexander M Prewitt 480-712-2477,
Real Broker,
Lisa Noldan 480-853-1459,
Real Broker
Source: ARMLS,MLS#: 6982005
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Built-in Microwave, Dishwasher, Disposal
- Laundry: Inside
Features
- High Speed Internet, Granite Counters, Double Vanity, Breakfast Bar, 9+ Flat Ceilings, Pantry, Full Bth Master Bdrm
- Flooring: Carpet, Tile
- Has basement: No
- Has fireplace: No
- Common walls with other units/homes: Neighbor Above,End Unit
Interior area
- Total structure area: 1,048
- Total interior livable area: 1,048 sqft
Property
Parking
- Total spaces: 3
- Parking features: Gated, Garage Door Opener, Assigned
- Garage spaces: 1
- Carport spaces: 2
- Covered spaces: 3
Features
- Stories: 3
- Exterior features: Balcony
- Spa features: None
- Fencing: See Remarks,Other,Wrought Iron
- Has view: Yes
- View description: Lake, City Lights, Mountain(s)
- Has water view: Yes
- Water view: Lake
Lot
- Size: 1,387 Square Feet
- Features: North/South Exposure, Desert Front
Details
- Parcel number: 12424056
Construction
Type & style
- Home type: Condo
- Architectural style: Contemporary
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick Veneer, Stucco, Wood Frame, Painted
- Roof: Other
Condition
- Year built: 2002
Details
- Builder name: Picerne
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water
Community & HOA
Community
- Features: Pool, Gated, Community Spa, Community Spa Htd, Near Light Rail Stop, Near Bus Stop, Fitness Center
- Security: Fire Sprinkler System, Security System Owned
- Subdivision: REGATTA POINTE CONDOMINUMS AMD
HOA
- Has HOA: Yes
- Services included: Insurance, Sewer, Pest Control, Maintenance Grounds, Trash, Water, Roof Replacement, Maintenance Exterior
- HOA fee: $400 monthly
- HOA name: Regatta Pointe
- HOA phone: 602-957-9191
Location
- Region: Tempe
Financial & listing details
- Price per square foot: $467/sqft
- Tax assessed value: $386,600
- Annual tax amount: $3,040
- Date on market: 2/13/2026
- Cumulative days on market: 141 days
- Listing terms: Cash,Conventional
- Ownership: Condominium
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 5/16/2026 | Price change | $489,900-2%$467/sqft |
Source:  ARMLS #6982005 Report a problem | ||
| 4/14/2026 | Price change | $499,900-2%$477/sqft |
Source: ARMLS #6982005 Report a problem | ||
| 2/13/2026 | Listed for sale | $509,900+105.6%$487/sqft |
Source: ARMLS #6982005 Report a problem | ||
| 3/13/2013 | Sold | $248,000-0.8%$237/sqft |
Source: ARMLS #4866830 Report a problem | ||
| 12/28/2012 | Listed for sale | $250,000-35.6%$239/sqft |
Source: Realty Executives #4866830 Report a problem | ||
| 1/14/2008 | Sold | $388,500+3.1%$371/sqft |
Source: ARMLS #2868650 Report a problem | ||
| 9/21/2005 | Sold | $377,000+68.2%$360/sqft |
Source: Public Record Report a problem | ||
| 8/28/2003 | Sold | $224,119$214/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,027 +7% | $38,660 +7.5% |
| 2024 | $2,829 +1.2% | $35,970 +56.4% |
| 2023 | $2,795 +20.6% | $23,006 -22.4% |
| 2022 | $2,317 +1.4% | $29,660 +5.9% |
| 2021 | $2,284 +2% | $28,000 +3.6% |
| 2020 | $2,240 +2.8% | $27,020 +9.7% |
| 2019 | $2,180 | $24,620 -2.6% |
| 2018 | $2,180 +3.2% | $25,270 +4.1% |
| 2017 | $2,112 +3.9% | $24,280 +19.2% |
| 2016 | $2,033 +2.8% | $20,370 +7.9% |
| 2015 | $1,978 | $18,870 +27.2% |
| 2014 | -- | $14,830 +9% |
| 2013 | -- | $13,600 -1.1% |
| 2012 | -- | $13,750 -1.1% |
| 2011 | -- | $13,900 -41.1% |
| 2010 | -- | $23,600 -25.8% |
| 2009 | -- | $31,800 -0.8% |
| 2008 | -- | $32,050 +16.8% |
| 2007 | -- | $27,450 +77.7% |
| 2006 | -- | $15,450 |
| 2005 | -- | $15,450 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 85281
Nearby schools
GreatSchools rating
- 4/10Scales Technology AcademyGrades: PK-5Distance: 0.7 mi
- 2/10Geneva Epps Mosley Middle SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Tempe High SchoolGrades: 9-12Distance: 1.5 mi
Schools provided by the listing agent
- Elementary: Scales Technology Academy
- Middle: Geneva Epps Mosley Middle School
- High: Tempe High School
- District: Tempe School District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
- Arizona
- Maricopa County
- Tempe
- 85281
- 425 W RIO SALADO Parkway Unit 101
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