$495,000
- 2 Beds
- 2 Baths
- 1,144 Sq Ft
1209 E Northshore Dr Unit 138, Tempe, AZ 85283
1209 E Northshore Dr Unit 138, Tempe, AZ 85283
5
The Lakes Condos for Sale
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$319,000
- 2 Beds
- 2 Baths
- 1,065 Sq Ft
1402 E Guadalupe Rd Unit 149, Tempe, AZ 85283
1402 E Guadalupe Rd Unit 149, Tempe, AZ 85283 -
$384,900
- 2 Beds
- 2 Baths
- 1,206 Sq Ft
5200 S Lakeshore Dr Unit 106, Tempe, AZ 85283
5200 S Lakeshore Dr Unit 106, Tempe, AZ 85283 -
$354,000
- 2 Beds
- 2 Baths
- 1,151 Sq Ft
1161 E Sandpiper Dr Unit 220, Tempe, AZ 85283
1161 E Sandpiper Dr Unit 220, Tempe, AZ 85283 -
$450,000
- 2 Beds
- 2 Baths
- 1,589 Sq Ft
5200 S Lakeshore Dr Unit 204, Tempe, AZ 85283
5200 S Lakeshore Dr Unit 204, Tempe, AZ 85283
About The Lakes
The Lakes neighborhood in Tempe, AZ, is a master-planned community known for its unique man-made lake, which was the first of its kind in Arizona. Developed in the 1970s with input from Disneyland's waterway designers, the community features docks for kayaking and electric motor pontoons, and hosts events like a Mardi Gras celebration at the beach and tennis club. The neighborhood's lush greenery and abundant trees create an oasis-like atmosphere uncommon in the desert. Housing options include Spanish Revival, Mediterranean, ranch-style, and Midcentury homes, with prices ranging from the upper $200,000s to over $1 million for lakefront properties. Residents enjoy amenities such as a recreation center, junior Olympic pool, and courts for various sports. The community also stocks the lake with bass and trout for fishing. Dining options include The Porch, Jet’s Pizza, and Pier 54, while shopping is available at Trader Joe’s and Fry’s. The Lakes is served by Rover Elementary, Fees College Preparatory Middle, and Marcos de Niza High School, which emphasizes college and career readiness. Nearby attractions include the Tempe Festival of the Arts and the Fantasy of Lights Boat Parade. The community is well-connected with several Valley Metro bus stops, U.S. Highway 60, and proximity to Phoenix Sky Harbor International Airport, 8 miles away, and Tempe St. Luke’s Hospital, 4 miles north.
Home Trends in The Lakes, AZ
On average, homes in The Lakes, Tempe sell after 39 days on the market compared to the national average of 47 days. The average sale price for homes in The Lakes, Tempe over the last 12 months is $524,620, up 3% from the average home sale price over the previous 12 months.
Home Trends
Median Price (12 Mo)
$515,000
Median Single Family Price
$574,900
Median Townhouse Price
$385,000
Median 2 Bedroom Price
$325,250
Average Price Per Sq Ft
$295
Number of Homes for Sale
58
Last 12 months Home Sales
249
Months of Supply
2.80
Median List Price
$527,000
Median Discount From 1st List Price
2%
Median Home Sale Price YoY Change
5%
In The Lakes, there are currently 5 condos for sale, providing a range of options for prospective buyers. With condos ranging from $319,000 to $495,000, there's something for every budget. As of April, 2025 the median home price in The Lakes, Tempe is $527,000, while the average sale price is $524,620, providing insight into local market trends. On average, condos spend 39 days on the market before being sold. Whether you're considering condominiums, apartments for sale, or modern condos, there are options available to suit your needs. Explore the variety of condos for sale in The Lakes, Tempe, and find the perfect place to call home.
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