120 E Rio Salado Pkwy, Unit 402

2
Baths
1,495 Sq. Ft.
$452 / Sq. Ft.
1,495
Sq. Ft.
$452
per Sq. Ft.

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...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!
  1. Listed by Kellie Parten • Brokerage DRE #LC506032000 • HomeSmart
    P: (480)-586-1687 C: (480)-586-1687 kparten@hsmove.com
  2. Listed by Vicki Best • Brokerage DRE #LC506032003 • HomeSmart
    P: (480)-888-6772 C: (480)-888-6772 vbest14u@gmail.com

Property Details for 120 East Rio Salado Parkway, Unit 402

Subdivision Name
Edgewater
View
Lake, City Lights, Mountain(s)
View YN
Yes
Waterfront YN
Yes

Open Houses

Thursday, Jan 22nd

4:00 PM - 6:00 PM

Public

Saturday, Jan 24th

10:30 AM - 2:00 PM

Public

LISTING UPDATED: 01/18/2026 02:11 AM

Property Details for 120 East Rio Salado Parkway, Unit 402

StatusActive
MLS #6899308
Days on Market172
Taxes$3,554 / year
HOA Fees$16,260 / year
Condo/Co-op Fees-
Compass TypeCondo
MLS TypeResidential / Apartment
Year Built2006
CountyMaricopa County

Location

Listing Courtesy of HomeSmart
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Building Information for 120 East Rio Salado Parkway, Unit 402

Building/Complex120 E Rio Salado PkwyFloor4Stories8Residences-Pet PolicyAllowedPet Policy Details-Year Built2006

Payment Calculator

$4,941 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,290

Property Taxes

$296

HOA Dues

$1,355

The Payment Calculator is for illustrative purposes only.

Property Information for 120 East Rio Salado Parkway, Unit 402

Summary
Location and General Information
  • Unparsed Address: 120 E Rio Salado Parkway 402, Tempe, AZ 85281
  • City: Tempe
  • Coordinates: -111.937319, 33.431474
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: Mill Ave & Rio Salado Pkwy
  • 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 down there. Follow directions to gain access.
  • Latitude: 33.431474
  • Longitude: -111.937319
  • Postal City: Tempe
  • Postal Code: 85281
  • State Or Province: AZ
  • Street Suffix: Parkway
  • Year Built: 2,006
Taxes and HOA
  • Assocsp Rules Infoco Petssp OK splparen Seesp Rmrks rparen: Yes
  • Association Fee: $1,355.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Roof Repair, Insurance, Sewer, Pest Control, Maintenance Grounds, Other (See Remarks), Street Maint, Gas, Trash, Water, Roof Replacement, Maintenance Exterior
  • Association Name: Edgewater
  • Association Phone: 480-966-3369
  • Association YN: Yes
  • Tax Annual Amount: $3,554.00
  • Tax Book Number: 132.00
  • Tax Lot: 4-02
  • Tax Map Number: 20.00
  • Tax Year: 2,024
Parking
  • Carport Spaces: 0
  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage YN: Yes
  • Open Parking Spaces: 0
  • Parking Features: Gated, Separate Strge Area, Assigned, Community Structure, Electric Vehicle Charging Station(s)
School Information
  • Elementary School: Cecil Shamley School
  • Elementary School District: Tempe School District
  • High School: Tempe High School
  • High School District: Tempe Union High School District
  • Middle Or Junior School: Cecil Shamley School
Virtual Tour
Property
Lot Information
  • Building Area Total: 1,495
  • Building Area Units: Square Feet
  • Living Area: 1495.0
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Lot Features: Borders Common Area, Borders Preserve/Public Land, Waterfront Lot
  • Lot Size Acres: 0.03
  • Lot Size Area: 1486.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 1486.0
  • Lot Size Units: Square Feet
Property and Assessments
  • Builder Name: Residential Constructors
  • Building Area Source: Assessor
  • Common Walls: Neighbor Below, Neighbor Above
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Documents Count: 2
  • Floor Plans Change Timestamp: 07-30-2025 07:01:23 PM
  • Ownership: Condominium
  • Parcel Number: 13220042
  • Property Attached YN: Yes
  • Property Sub Type: Apartment
  • Property Type: Residential
Utilities
  • Electric On Property YN: Yes
  • Sewer: Sewer in & Cnctd, Public Sewer
  • Water Source: City Water
Interior and Exterior Features
Exterior Features
  • Community Features: Pool, 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
  • Construction Materials: Steel Frame, Stone
  • Exterior Features: Balcony
  • Fencing: Block, Wrought Iron
  • Horse YN: No
  • Patio And Porch Features: Balcony
  • Pool Private YN: No
  • Roof: Built-Up
  • Security Features: Fire Sprinkler System
  • Stories Total: 8
Interior Features
  • Bathrooms Total Decimal: 2.0
  • Kitchensp Featuresco Builthypheninsp Microwave: Yes
  • Bathrooms Total Integer: 2
  • Bedrooms Possible: 2
  • Bedrooms Total: 2
  • Cooling: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Programmable Thmstat, See Remarks
  • Cooling YN: Yes
  • Fireplace Features: Family Room, Gas
  • Fireplace YN: Yes
  • Flooring: Tile
  • Heating: See Remarks, Electric
  • Heating YN: Yes
  • 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
  • Laundry Features: Engy Star (See Rmks)
  • Spa Features: Heated
  • Window Features: Tinted Windows, Triple Pane Windows
Room Information
Room Information
  • Mastersp Bedroomco Split: Yes
  • Othersp Roomsco Greatsp Room: Yes
  • Rooms Total: 5
Rental
Rent Information
  • Land Lease YN: No

Property History for 120 East Rio Salado Parkway, Unit 402

DateEvent & SourcePriceAppreciation
Jan 5, 2026

Price Change

ARMLS #6899308

$675,000—
Nov 29, 2025

Price Change

ARMLS #6899308

$699,000—
Sep 6, 2025

Price Change

ARMLS #6899308

$715,000—
Jul 30, 2025

Price Change

ARMLS #6899308

$675,000—
Jul 30, 2025

Listed (Active)

ARMLS #6899308

$750,000—
Aug 4, 2020

Sold

ARMLS #6087512

$433,000—
Jul 31, 2020

Sold (Public Record)

Public Record #673750838

$433,000

+1.1% / yr

Jun 25, 2020

Pending

ARMLS #6087512

—
Jun 11, 2020

Listed (Active)

ARMLS #6087512

$449,000—
May 28, 2019

Withdrawn

ARMLS #5828138

$425,000—
Oct 10, 2018

Listed (Active)

ARMLS #5828138

$489,000—
Oct 5, 2015

Sold

ARMLS #5313239

$425,000—
Sep 2, 2015

Pending

ARMLS #5313239

—
Jul 27, 2015

Listed (Active)

ARMLS #5313239

$449,900—
May 9, 2014

Sold

ARMLS #5050520

—
May 8, 2014

Pending

ARMLS #5050520

—
May 8, 2014

Sold

ARMLS #5050520

$405,000—
May 6, 2014

Sold (Public Record)

Public Record #414475750

$405,000

-7.3% / yr

Jan 7, 2014

Listed (Active)

ARMLS #5050520

$479,000—
Sep 8, 2013

Withdrawn

ARMLS #4898333

$429,000—
Mar 2, 2013

Listed (Active)

ARMLS #4898333

$495,000—
Jul 3, 2007

Sold

ARMLS #2579542

$680,000—
Jun 26, 2007

Sold (Public Record)

Public Record #222289576

$680,000

+11.4% / yr

Jun 14, 2007

Pending

ARMLS #2579542

—
Jul 18, 2006

Listed (Active)

ARMLS #2579542

$750,000—
Jun 9, 2006

Sold (Public Record)

Public Record #197621898

$607,145—
DateEvent & SourcePrice
01/05/2026

Price Change

ARMLS #6899308

$675,000
11/29/2025

Price Change

ARMLS #6899308

$699,000
09/06/2025

Price Change

ARMLS #6899308

$715,000
07/30/2025

Price Change

ARMLS #6899308

$675,000
07/30/2025

Listed (Active)

ARMLS #6899308

$750,000
08/04/2020

Sold

ARMLS #6087512

$433,000
07/31/2020

Sold (Public Record)

Public Record #673750838

$433,000

+1.1% / yr

06/25/2020

Pending

ARMLS #6087512

—
06/11/2020

Listed (Active)

ARMLS #6087512

$449,000
05/28/2019

Withdrawn

ARMLS #5828138

$425,000
10/10/2018

Listed (Active)

ARMLS #5828138

$489,000
10/05/2015

Sold

ARMLS #5313239

$425,000
09/02/2015

Pending

ARMLS #5313239

—
07/27/2015

Listed (Active)

ARMLS #5313239

$449,900
05/09/2014

Sold

ARMLS #5050520

—
05/08/2014

Pending

ARMLS #5050520

—
05/08/2014

Sold

ARMLS #5050520

$405,000
05/06/2014

Sold (Public Record)

Public Record #414475750

$405,000

-7.3% / yr

01/07/2014

Listed (Active)

ARMLS #5050520

$479,000
09/08/2013

Withdrawn

ARMLS #4898333

$429,000
03/02/2013

Listed (Active)

ARMLS #4898333

$495,000
07/03/2007

Sold

ARMLS #2579542

$680,000
06/26/2007

Sold (Public Record)

Public Record #222289576

$680,000

+11.4% / yr

06/14/2007

Pending

ARMLS #2579542

—
07/18/2006

Listed (Active)

ARMLS #2579542

$750,000
06/09/2006

Sold (Public Record)

Public Record #197621898

$607,145

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 120 East Rio Salado Parkway, Unit 402

Taxable ValueLand-Additions-Total-
Tax Record2025$3,803 ($317 / month)
Home Facts
Beds0Total Finished SqFt1,495 SqFtAbove Grade Finished SqFt1,495 SqFtStories1Lot Size1,486 SqFtStyleCondominiumYear Built2006ZoningPADCountyMARICOPAAPN132-20-042

Schools near 120 East Rio Salado Parkway, Unit 402

This home is within Tempe Union High School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - 9 to 12
Public - 6 to 8
Public - PK to 6
Rating
School
Distance
Cecil Shamley School
PublicPK to 8

McClintock High School
Public9 to 12

Meyer Montessori
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Similar Sold Homes

120 East Rio Salado Parkway, Unit 402 is a condo for sale in Tempe, AZ 85281. This property was listed for sale on July 30, 2025 by HomeSmart, it's currently listed at $675,000. It has been on the market for a total of 172 days and was last sold on August 4, 2020. This listing's school districts are Tempe Union High School District, Tempe School District. Nearby schools include Cecil Shamley School, McClintock High School and McKemy Academy of International Studies. 120 East Rio Salado Parkway, Unit 402 is a 2-bed, 2-bath, 1,495 sqft condo built in 2006.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of HomeSmart

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2026 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.