120 E Rio Salado Parkway # 402 Tempe, AZ $ 699,000
120 E Rio Salado Parkway # 402
$ 699,000
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120 E Rio Salado Parkway # 402

Tempe, AZ, 85281
$ 699,000
Bedrooms2 Baths2.0 Sq 1,495

Monthly Estimate*

$ 4,361

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Condo for sale in Tempe, AZ

for $699,000 with 2 bedrooms and 2 full baths. This 1,495 square foot condo was built in 2006 on a lot size of 0.03.

Live your dream life here! You will fall in love with this gorgeous 2 bedroom, 2 bath high rise condo overlooking Tempe Town Lake. The elevated 4th floor location provides SPECTACULAR VIEWS of the lake, mountains, pool & twinkling city lights. You can see all the way to the McDowell Mountains! The home is light & bright with floor-to-ceiling windows & two balconies. The Edgewater provides the ultimate in resort-style living plus the best location in Tempe! Jump on the trails to jog/bike along the lake or use the dock to get on the lake to kayak/paddle board. Walkable to all of the fun that vibrant Mill Avenue has to offer. On the edge of the ASU campus, near Tempe Marketplace & minutes to the airport. Across the bridge from the Phoenix Zoo & the Desert Botanical Garden, a short ... 15 minute drive to Old Town Scottsdale & a 20 minute drive to downtown Phoenix. Enjoy the carefree lifestyle with concierge service & everything included in the HOA except cable/internet! Yes, all water, sewer, trash, gas, blanket insurance policy, building & grounds maintenance, amenities, doorman & concierge service, etc are INCLUDED! Just a small monthly portion for electricity is paid to HOA outside of the fee. The incredible resort-style amenities include a heated lap pool, spa, gym, billiards room with fireplace & kitchen, conference room with fireplace & sitting area, outdoor fire pit, BBQ island with sink & pizza oven, outdoor spaces with grass, community garden & more! Manned door/lobby entry with concierge service. High-end, quality construction with triple pane windows and built with steel and concrete - the 7" concrete floors means you never hear a neighbor. Gated underground parking garage with two reserved spaces including EV charger, plus a large private storage locker/cage. The condo is beautiful with gorgeous finishes including wood-look tile throughout - no carpet! The chef's kitchen features handsome cabinetry, granite counters, stylish pendant lights & subway tile backsplash, stainless appliances & a 5 burner gas cooktop. Refrigerator included! The island with barstool seating is open to the great room & perfect for interacting with family while you cook or for entertaining friends. The desirable split floor plan makes the primary suite a true retreat! You'll love the spacious room with great views - plus automated black-out shades on windows & door to your private balcony. Spa-like primary bathroom with separate soak tub & shower, dual sinks on the floating vanity w/ under-cabinet lighting, & private toilet room. Two closets - one inside the bedroom & a large walk-in closet off the bathroom. Wonderful second bedroom with the secondary full bathroom right across the hall. The full size stackable washer/dryer in condo are included. Brand new A/C ($12K!) just installed in 11/2024. Completely move-in ready. Stunning views from every room! Tour this condo today & you will want to call it home!

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Condo Active

Price

$ 699,000

Bedrooms

2

Full Bath

2

Property Type

Condo

Taxes

$ 3,554

Style

Residential

Lot Size

0.03

Year Built

2006

Town/City

Tempe

County/Region

Maricopa

MLS | Web ID

6899308

Features
Interior
Interior Amenities High Speed Internet Granite Counters Double Vanity Breakfast Bar 9+ Flat Ceilings Elevator No Interior Steps Kitchen Island Pantry Full Bth Master Bdrm Separate Shwr & Tub
Flooring Tile
Fireplace Features Family Room Gas
Total Stories 8
Common Walls Neighbor Below Neighbor Above
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Tinted Windows Triple Pane Windows
Fireplace Y/N Y
Laundry Features Engy Star (See Rmks)
Total Bedrooms 2
Total Baths 2
Bedrooms Possible 2
Built-in Microwave True
Built In Recycling True
Kitchen Island True
Pantry True
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General
Sewer Sewer in & Cnctd Public Sewer
Heating See Remarks Electric
Cooling Central Air Ceiling Fan(s) ENERGY STAR Qualified Equipment Programmable Thmstat See Remarks
Possession Close Of Escrow
Roof Built-Up
HOA Fee 1355.0
Garage Spaces 2.0
Association Fee Includes Roof Repair Insurance Sewer Pest Control Maintenance Grounds Other (See Remarks) Street Maint Gas Trash Water Roof Replacement Maintenance Exterior
Security Features Fire Sprinkler System
Construction Materials Steel Frame Stone
Year Built 2006
View Lake City Lights Mountain(s)
Unit Number 402
Property Subtype Apartment
Tax Year 2024
Ownership Condominium
Community Features Lake Gated Community Spa Community Spa Htd Near Light Rail Stop Near Bus Stop Community Media Room Guarded Entry Concierge Biking/Walking Path Fitness Center
Assoc Fee Paid Per Monthly
County Maricopa
Property Type Residential
HOA Y
Attached Garage N
Subdivision Name Edgewater
Total Rooms 5
Special Listing Conditions N/A
Status Active
Directions East on Rio Salado Pkwy. North on Hayden Ferry Lakeside. Turn right at roundabout & the Edgewater is on your left. Drive past it to the end (second entry to underground parking) & guest parking is do
High School Tempe High School
City Tempe
Disclosures Agency Discl Req Seller Discl Avail
Association Name Edgewater
High School District Tempe Union High School District
Open Parking Spaces 0.0
Lot Size Units Square Feet
Lot Size Square Feet 1486.0
Carport Spaces 0.0
Carport Y/N N
Spa Features Heated
Elementary School Cecil Shamley School
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 3554.0
Home Warranty Y/N N
Current Financing Conventional
Middle/Junior High School Cecil Shamley School
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://storybookviewer.com/104864-127489
Builder Name Residential Constructors
Standard Status Active
Occupancy Type Interim Occupant
Elementary School District Tempe School District
Tax Lot 4-02
New Financing: Conventional True
Senior Community N
Ttl Monthly Fee Equiv 1355.0
New Financing Cash True
New Financing: VA True
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Exterior
Exterior Amenities Balcony
Fencing Block Wrought Iron
Parking Features Gated Separate Strge Area Assigned Community Structure Electric Vehicle Charging Station(s)
Lot Features Borders Common Area Borders Preserve/Public Land Waterfront Lot
Water Source City Water
Lot Size Area 1486.0
Spa Y
Lot Size Acres 0.03
Lot Size Source Assessor
Waterfront Y/N Y
Covered Spaces 2.0
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 120
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* Excluded Features
List By
Homesmart

Broker

kparten@hsmove.com

Email

Affordability Calculator

$4,657
Per Month
94%
6%
0%
Monthly Principal & Interest
$4,361
Monthly Property Taxes
$296
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327385 Elementary School
4327497 Middle School
Tempe High School High School
Pricing History
DatePricePrice ChangeDescription
11/29/2025$699,000 -2.24% Price Down
9/7/2025$715,000 -4.67% Price Down
7/31/2025$750,000 Listed Price

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120 E Rio Salado Parkway # 402, Tempe, AZ, 85281 is a Condo for sale at $699,000 with 1,495 sqft and a lot size of 0.03. 120 E Rio Salado Parkway # 402 has 2 bedrooms, 2.0 baths, and was built in 2006. The property's zip code is 85281 which is in Tempe, AZ