425 W Rio Salado Parkway #112 Tempe, AZ 85281
425 W Rio Salado Parkway #112 Tempe, AZ 85281 | MLS 6988506 Photo 1
425 W Rio Salado Parkway #112 Tempe, AZ 85281 | MLS 6988506 Photo 2
425 W Rio Salado Parkway #112 Tempe, AZ 85281 | MLS 6988506 Photo 3
425 W Rio Salado Parkway #112 Tempe, AZ 85281 | MLS 6988506 Photo 4
425 W Rio Salado Parkway #112 Tempe, AZ 85281 | MLS 6988506 Photo 5
For more information on this listing, contact us at: (480) 678-9028
Active
$459,900
-12.4%

425 W Rio Salado Parkway #112 Tempe, AZ 85281

Apartment Property Type
2 Beds
2 Baths
1,134 Sq. Ft.
2002 Year Built
Maricopa County
View All Property Details
Move in ready home with prime location and views. Recent updated kitchen, baths, quartz counters, stainless steel appliances, luxury vinyl plank, plantation shutters, paint and fixtures. Functional 2 bed/2 full bath floor plan has highly sought after attached direct entry garage with extra width for storage. Garage enters directly into a versatile basement flex space with laundry. Basement not included in Tax Assessor square footage and adds approx. 200 square feet to total area. Prime ground floor location with 2 private covered patios that offer stunning views of Tempe Town Lake and mountains. Gated resort-style community has clubhouse, pool/spa, grills and fitness center. Located across street from Tempe Town Lake and Beach and near ASU, Mill Ave, golf, airport, light rail.
MLS # 6988506
Monthly HOA $400
On Site 259 Days
Last Updated 10/21/2026

Location

Contact Agent

William Hoppel III

William Hoppel III

(480) 678-9028

Property Details

Community Information

Address 425 W Rio Salado Parkway #112, Tempe, AZ 85281
County Maricopa
City Tempe
Township 1N
Zip Code 85281
Builder Picerne
Tax Municipality Tempe

School Information

School District Tempe School District
High School Tempe High School
Elementary School Scales Technology Academy

Architecture

Unit Number #112
Bedrooms 2
Bathrooms 2
Year Built 2002
Stories 3
Style Contemporary
Construction Materials Stucco, Wood Frame, Painted
Stories 2
Unit Style Two Levels, Two Common Walls, Neighbor Above, Ground Level
Roof Tile, Built-Up
Basement Interior Entry, Finished, Partial
Builder Name Picerne
Garage Spaces 1
Covered Spaces 1.0
Parking Features Attached Garage, Detached Carport, Garage Door Opener, Direct Access

Features / Amenities

Interior Features Quartz Countertops, High Speed Internet, Double Vanity, Full Bth Master Bdrm
Appliances Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range
Flooring Laminate
Laundry Inside
Spa Heated
Kitchen Features Dishwasher, Disposal, Electric Range, Built-in Microwave, Refrigerator, Quartz Countertops
Master Bathroom Full Bth Master Bdrm, Double Sinks
Other Rooms Basement
Additional Bedroom Master Bedroom Walk-in Closet
Dining Area Dining in LRGR
Technology High Speed Internet
Exterior Features Balcony
Patio And Porch Covered Deck
Window Screens
Security Features Fire Sprinkler System
Horses No
Community Pool Features Fenced
Cooling Central Air, Ceiling Fan(s)
Heating Electric
Total Rooms 5

Property Features

Lot Size 818 Sq. Ft. / 0.02 Acres
Lot Features North/South Exposure, Sprinklers In Front, Synthetic Grass Frnt
View Lake, City Lights, Mountain(s)
Community Features Clubhouse/Rec Room, Community Spa Htd, Gated, Near Light Rail Stop, Workout Facility
Property Description North/South Exposure
Landscaping Synthetic Grass Frnt, Yrd Wtring Sys Front
Model Resiance A
Sewer Public Sewer
Water Public
Road Surface Asphalt
Fencing Wrought Iron
Directions East on Rio Salado from Priest OR West on Rio Salado from Mill. South ON Lakeside DR to Security Gate at end of street. KEY PAD is on right side before the gate. Park inside the gate at guest parking

Tax and Financial Info

Tax Year 2025
Tax Annual Amount $2,688
Ownership Condominium
Listing Terms Cash, Conventional
Existing 1st Loan Treat as Free/Clear
Possession Close Of Escrow
Disclosures Agency Discl Req, Seller Discl Avail, Vicinity of an Airport
Legal Description LOT 158 REGATTA POINTE CONDOMINUMS AMD MCR
Association Fee $400 (paid Monthly)
Association Fee Includes Roof Repair, Insurance, Sewer, Maintenance Grounds, Trash, Water, Roof Replacement, Maintenance Exterior
Association Rules/Info Pets OK (See Rmrks), Rental OK (See Rmks), Prof Managed

Listing Office

Listing provided courtesy of Marsh Management & Real Estate (602-541-5204).

Rooms

Level
Master BedroomMain
Bedroom 2Main
Dining RoomMain
Living RoomMain
Bonus RoomLower

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Price Change History

Date Old Price New Price Percent Change
3/23/2026 $524,900 $514,900
-1.9%
4/18/2026 $514,900 $499,900
-2.9%
5/13/2026 $499,900 $489,900
-2%
6/16/2026 $489,900 $484,900
-1%
8/18/2026 $484,900 $474,900
-2.1%
9/21/2026 $474,900 $469,900
-1.1%
10/21/2026 $469,900 $459,900
-2.1%

Schools

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425 W Rio Salado Parkway #112 Tempe, AZ 85281 | MLS 6988506
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Listing Information Last Updated 10/21/2026
 All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
425 W Rio Salado Parkway #112 Tempe, AZ 85281
  • $459,900
  • 2 beds
  • 2 baths
  • 1,134 Sq. Ft.