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$675,000
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Property Description
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!
Full Property Details
Full Property Details for 120 E Rio Salado Pkwy #402
General
- Price: $675,000
- HOA FEE: $1,355/month
- Taxes: $3,554 (2024)
- Status: Active
- Type: Apartment
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6899308
- Updated: 1/5/2026
- Added to Site: 171 day(s) ago
Interior
- Number of Rooms: 5
- Interior Features: 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
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room, Gas
- Appliances: Gas Cooktop
- Flooring: Tile
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Other Rooms
- Laundry: Engy Star (See Rmks)
Additional Information
- Security/Safety: Fire Sprinkler System
Exterior
- Exterior Features: Balcony
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Gated, Separate Strge Area, Assigned, Community Structure, Electric Vehicle Charging Station(s)
Location
- County: Maricopa
- Subdivision: Edgewater
- Cross Streets: Mill Ave & Rio Salado Pkwy
Community
- Association: Yes
- Assoc. Name: Edgewater
- Assoc. Fees Include: Roof Repair, Insurance, Sewer, Pest Control, Maintenance Grounds, Other (See Remarks), Street Maint, Gas, Trash, Water, Roof Replacement, Maintenance Exterior
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Programmable Thermostat, See Remarks
- Heating Type: See Remarks, Electric
Utilities
- Water: City Water
Structural Information
- Architectural Style: High Rise
- Builder: Residential Constructors
- Exterior Const.: Steel Frame, Stone
- Roof: Built-Up
- Common Walls: Neighbor Below, Neighbor Above
- Windows: Tinted Windows, Triple Pane Windows
- Sq. Ft. Source: Assessor
- Year Built: 2006
Lot Features
- Property View: Lake, City Lights, Mountain(s)
- Mountain views: Yes
- Lot Size (Acres): 0.03
- Lot Size (Sq. Ft.): 1,486
- Lot Size Source: Assessor
- Lot Features: Borders Common Area, Borders Preserve/Public Land, Waterfront Lot
Water Features
- Water Front: Yes
- Water View: Yes
Financial Considerations
- Association Fee: $1,355
- Assoc Fee Freq.: Monthly
- Tax Amount: $3,554
- Tax Year: 2024
- Terms: Cash, Conventional, VA Loan
Disclosures and Reports
- Ownership: Condominium
- Property ID: 132-20-042
- Lot Number: 4-02
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Schools
Schools serving 120 E Rio Salado Pkwy #402
School Districts:Tempe School District, Tempe Union High School District
| Name | Grades | Distance |
|---|---|---|
Cecil Shamley School 1500 N Scovel St, Tempe, AZ 85281 | PK-5 | 1.4 mi |
McClintock High School 1830 East Del Rio Drive, Tempe, AZ 85282 | 9-12 | 2.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 120 E Rio Salado Pkwy #402
Date
Details
Price
Change
Source
1/05/2026
Price Reduced
$675,000
-3.43%
MLS
11/29/2025
Price Reduced
$699,000
-2.24%
MLS
9/06/2025
Price Reduced
$715,000
-4.67%
MLS
7/30/2025
Listed
$750,000
73.21%
MLS
7/31/2020
Sold
$433,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 120 E Rio Salado Pkwy #402
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,803
7%
$50,700
11%
2024
$3,554
1%
$45,850
-3%
2023
$3,511
4%
$47,270
20%
2022
$3,368
—
$39,230
13%
2022
$3,368
-1%
$34,800
—
2021
$3,391
3%
$34,960
14%
2020
$3,288
2%
$30,600
-11%
2019
$3,226
18%
$34,270
-4%
2018
$2,727
3%
$35,880
3%
2017
$2,642
—
$34,820
18%
2016
$2,629
7%
$29,620
60%
2014
$2,466
8%
$18,550
9%
2013
$2,285
—
$16,950
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 120 E Rio Salado Pkwy #402
120 E Rio Salado Parkway #402, Tempe, AZ 85281 (MLS# 6899308) is a Apartment property with 2 bedrooms and 2 full bathrooms. 120 E Rio Salado Parkway #402 is currently listed for $675,000 and was received on July 30, 2025. Want to learn more about 120 E Rio Salado Parkway #402? Do you have questions about finding other Apartment real estate for sale in Tempe? You can browse all Tempe real estate or contact a Coldwell Banker agent to request more information.

