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For sale
    • Price cut: $10K (7/13)
    $479,900

    425 W RIO SALADO Parkway #101, Tempe, AZ 85281

    2beds
    1,048sqft
    : 
    $3,260/mo
    Get pre-qualified
    Condominium
    Built in 2002
    -- sqft lot
    $-- Zestimate®
    $458/sqft
    $400/mo HOA

    What's special

    Gated communityTall ceilingsPlenty of cabinet spaceCrown moldingFitness centerWalk-in closetOpen airy layout
    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!
    196 days
    |
    255
    |
    9
    |

    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#: 6982005MLS Logo

      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: $458/sqft
      • Tax assessed value: $386,600
      • Annual tax amount: $3,040
      • Date on market: 2/13/2026
      • Cumulative days on market: 196 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

        DateEventPrice
        7/13/2026Price change$479,900-2%$458/sqft
        Source: ARMLS #6982005 Report a problem
        5/16/2026Price change$489,900-2%$467/sqft
        Source: ARMLS #6982005 Report a problem
        4/14/2026Price change$499,900-2%$477/sqft
        Source: ARMLS #6982005 Report a problem
        2/13/2026Listed for sale$509,900+105.6%$487/sqft
        Source: ARMLS #6982005 Report a problem
        3/13/2013Sold$248,000-0.8%$237/sqft
        Source: ARMLS #4866830 Report a problem
        12/28/2012Listed for sale$250,000-35.6%$239/sqft
        Source: Realty Executives #4866830 Report a problem
        1/14/2008Sold$388,500+3.1%$371/sqft
        Source: ARMLS #2868650 Report a problem
        9/21/2005Sold$377,000+68.2%$360/sqft
        Source: Public Record Report a problem
        8/28/2003Sold$224,119$214/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        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.
        See how much you could borrow to make a competitive offer.
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        Climate risks

        Neighborhood: 85281

        Getting around

        66 / 100
        Somewhat Walkable
        65 / 100
        Good Transit
        95 / 100
        Biker's Paradise

        Nearby schools

        GreatSchools rating
        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.

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