Perfect opportunity for luxury living or investment property in the heart of Tempe. 5% Cap rate with owners spending up to 3 months in property could be 8+% with at capacity. Must be patient when seeing with high occupancy on airbnb.
This stunning 6-bedroom, 4.5-bathroom home boasts an impressive 4,186 square feet of living space with plenty of space to entertain. 2 master suites and 2 kitchens. Sold fully furnished.
A private backyard paradise with meticulously landscaped outdoor space features a brand new sparkling pool, perfect for those scorching Arizona days or heat it up during the cold season. An amazing rooftop deck with breathtaking views of the surrounding area - it's the ideal spot for stargazing or entertaining friends Location is key, and this home delivers. Just minutes away from ASU, Tempe Town Lake, and Scottsdale, you'll find endless opportunities for recreation.
Currently run as a successful AirBnb, this is an investors dream. Could be rented as is or converted to 2 separate housing units for additional revenue as there are already separate entrances, seperate kitchens, laundry's, etc. so you would just need close in one small wall upstairs. Since it comes fully furnished it could be up and running in no time. Owner can provide proof of rental income upon request.
For sale
$1,199,900
1004 E Tempe Dr, Tempe, AZ 85281
6beds
4,186sqft
Est.:
Single Family Residence
Built in 2008
7,614 Square Feet Lot
$-- Zestimate®
$287/sqft
$-- HOA
What's special
Brand new sparkling poolPrivate backyard paradise
- 413 days |
- 807 |
- 56 |
Zillow last checked: 8 hours ago
Listing updated: October 14, 2025 at 12:18pm
Listed by:
Adam Poston 928-245-6499,
Landmark Homes, L.L.C.
Source: ARMLS,MLS#: 6774897
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 4
- 1/2 bathrooms: 2
Heating
- ENERGY STAR Qualified Equipment, Electric
Cooling
- Central Air, ENERGY STAR Qualified Equipment, Programmable Thmstat
Appliances
- Included: Electric Cooktop
Features
- Granite Counters, Breakfast Bar, 9+ Flat Ceilings, Wet Bar, Kitchen Island, Pantry, 2 Master Baths, Full Bth Master Bdrm
- Flooring: Vinyl
- Windows: Double Pane Windows
- Has basement: No
- Furnished: Yes
Interior area
- Total structure area: 4,186
- Total interior livable area: 4,186 sqft
Video & virtual tour
Property
Parking
- Total spaces: 6
- Parking features: Garage, Carport
- Garage spaces: 4
- Carport spaces: 2
- Covered spaces: 6
Features
- Stories: 3
- Patio & porch: Covered
- Exterior features: Balcony
- Has private pool: Yes
- Pool features: Heated
- Has spa: Yes
- Spa features: Heated, Private
- Fencing: Block
Lot
- Size: 7,614 Square Feet
- Features: Desert Front, Gravel/Stone Front, Synthetic Grass Back
Details
- Parcel number: 13212127
- Special conditions: Owner/Agent
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Contemporary
- Property subtype: Single Family Residence
Materials
- Stucco, Wood Frame, Stone
- Roof: Tile
Condition
- Year built: 2008
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water
Community & HOA
Community
- Subdivision: North Tempe
HOA
- Has HOA: No
- Services included: No Fees
Location
- Region: Tempe
Financial & listing details
- Price per square foot: $287/sqft
- Tax assessed value: $714,000
- Annual tax amount: $2,617
- Date on market: 10/23/2024
- Cumulative days on market: 414 days
- Listing terms: Cash,Conventional,FHA,VA Loan
- Ownership: Fee Simple
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 6/6/2025 | Price change | $1,199,900-7.7%$287/sqft |
Source:  ARMLS #6774897 Report a problem | ||
| 4/5/2025 | Price change | $1,299,900-2.3%$311/sqft |
Source: ARMLS #6774897 Report a problem | ||
| 3/5/2025 | Price change | $1,329,900-1.4%$318/sqft |
Source: ARMLS #6774897 Report a problem | ||
| 2/23/2025 | Price change | $1,349,000-3.6%$322/sqft |
Source: ARMLS #6774897 Report a problem | ||
| 1/21/2025 | Price change | $1,399,000-4.1%$334/sqft |
Source: ARMLS #6774897 Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,919 +1.2% | $71,400 +200.8% |
| 2023 | $2,885 +3.8% | $23,739 -43.6% |
| 2022 | $2,778 +2.4% | $42,100 +4.2% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$6,880/mo
Principal & interest
$6050
Home insurance
$420
Property taxes
$410
Climate risks
Neighborhood: East Rio
Nearby schools
GreatSchools rating
- 4/10Cecil Shamley SchoolGrades: PK-8Distance: 0.3 mi
- 8/10McClintock High SchoolGrades: 9-12Distance: 3.2 mi
Schools provided by the listing agent
- Elementary: Tempe Elementary Online Community
- Middle: Tempe Elementary Online Community
- 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.
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