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Explore Similar Apartments Within 2 Miles of The Lakes, AZ

  • /26

    $399,950

    • 2 Beds
    • 2 Baths
    • 1,084 Sq Ft

    5216 E Half Moon Dr, Phoenix, AZ 85044

    Stylish Turnkey 2 Bed / 2 Bath HomeBeautifully remodeled kitchen with quartz counters, new appliances, and modern finishes. Open-concept layout flows into a spacious great room—perfect for gatherings. Fresh paint, wood-look tile, and new carpet add warmth and style throughout. Relax in your private backyard retreat with a covered patio and low-maintenance landscaping. 2-car garage with direct

    Manuel Bermudez Redfin Corporation

    5216 E Half Moon Dr, Phoenix, AZ 85044
  • /30

    $1,175,000

    1440 S Stanley Place, Tempe, AZ 85281

    Prime dirt location on the doorstep to ASU, the 5th largest university in the US. This six unit complex has a lot to offer. All 1 bedroom unit mix with $1398 rents & a 7/28/2025 lease exp.Located in an opportunity zone with 1000's of new units in process. 6.6+ with room to raise rents. Very low expenses w/ separate, tenant-paid electric/gas. Available individually or as part of a package of

    James Stephens Better Homes & Gardens Real Estate SJ Fowler

    1440 S Stanley Place, Tempe, AZ 85281
  • /36

    $775,000

    1424 S Stanley Place, Tempe, AZ 85281

    Prime dirt location on the doorstep to ASU, the 5th largest university in the US. Sought after four unit complex. All 1 bedroom unit mix with $1299 rents & a 7/28/2025 lease exp. Located in an opportunity zone with 1000's of new units in process. Strong 6.65 CAP +/-. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1428 S Stanley (MLS 6855518). Sold together as

    James Stephens Better Homes & Gardens Real Estate SJ Fowler

    1424 S Stanley Place, Tempe, AZ 85281
  • /35

    $775,000

    1428 S Stanley Place, Tempe, AZ 85281

    Prime dirt location on the doorstep to ASU, the 5th largest university in the US. Sought after four unit complex. All 1 bedroom unit mix with $1299 rents & a 7/28/2025 lease exp. Located in an opportunity zone with 1000's of new units in process. Strong 6.65+/- CAP. Very low expenses w/ separate, tenant-paid electric/gas. Twin adjacent property is 1424 S Stanley (MLS 6855520). Available as a

    James Stephens Better Homes & Gardens Real Estate SJ Fowler

    1428 S Stanley Place, Tempe, AZ 85281
  • /58

    $3,425,000

    1424 S Stanley Place, Tempe, AZ 85281

    This ''ASU OZ 15'' is located in an ''A'' location on the doorstep to ASU, the 5th largest U in the US. 6.6+ CAP w/ current rents. R-4. Opportunity Zone. Lots: 32,500 sf (up to 40,000 sf). Value-add. Package includes: 1424, 1428, 1432, 1440 & 1446 S Stanley Pl. All 1 bed units are 506-525 sf , except 1432 (2450 sf 5 bed house). 9759 total sf. Assemblage price-$3,425,000. Or sold individually:

    James Stephens Better Homes & Gardens Real Estate SJ Fowler

    1424 S Stanley Place, Tempe, AZ 85281
  • /16

    $4,550,000

    2309 S College Ave, Tempe, AZ 85282

    Located in the heart ofTempe, this 18-unitapartment complexpresents a turnkeyinvestment opportunity ina high-demand market.Situated just minutes fromArizona State University,downtown Tempe, majorfreeways, and publictransit, this property'sprime location attracts asteady stream of tenantsfor consistent rentalincome in a thrivingmetropolitan area.

    Simon Bowen Denali Real Estate, LLC

    2309 S College Ave, Tempe, AZ 85282
  • /48

    $790,000

    1413 S Jentilly Ln, Tempe, AZ 85281

    BOTH UNITS are occupied w/lease for 1 year w/Tenant paying for utilities. Great Investment Property in the heart of Tempe! Walking distance to ASU and quick 202 freeway access. TRUE DUPLEX!! Two 2 bed, 1 bath units, individually metered; completely and beautifully updated. New Sewer lines all the way to the street. New Plumbing, New AC, & New Tankless Water Heaters. All New Windows and Doors.

    Fabiola Felix HomeSmart

    1413 S Jentilly Ln, Tempe, AZ 85281

Why Live in The Lakes

The Lakes neighborhood in Tempe, AZ, is a master-planned community known for its unique man-made lake, which was the first of its kind in Arizona. Developed in the 1970s with input from Disneyland's waterway designers, the community features docks for kayaking and electric motor pontoons, and hosts events like a Mardi Gras celebration at the beach and tennis club. The neighborhood's lush greenery and abundant trees create an oasis-like atmosphere uncommon in the desert. Housing options include Spanish Revival, Mediterranean, ranch-style, and Midcentury homes, with prices ranging from the upper $200,000s to over $1 million for lakefront properties. Residents enjoy amenities such as a recreation center, junior Olympic pool, and courts for various sports. The community also stocks the lake with bass and trout for fishing. Dining options include The Porch, Jet’s Pizza, and Pier 54, while shopping is available at Trader Joe’s and Fry’s. The Lakes is served by Rover Elementary, Fees College Preparatory Middle, and Marcos de Niza High School, which emphasizes college and career readiness. Nearby attractions include the Tempe Festival of the Arts and the Fantasy of Lights Boat Parade. The community is well-connected with several Valley Metro bus stops, U.S. Highway 60, and proximity to Phoenix Sky Harbor International Airport, 8 miles away, and Tempe St. Luke’s Hospital, 4 miles north.

Home Trends in The Lakes, AZ

Housing Trends

Median Sale Price
$515,000
Median Single Family Sale Price
$577,000
Median Townhouse Sale Price
$369,000
Median 2 Bedroom Sale Price
$272,500
Average Price Per Sq Ft
$296
Number of Homes for Sale
71
Last 12 months Home Sales
239
Months of Supply
3.60
Median List Price
$529,949
Median Change From 1st List Price
3%
Median Home Sale Price YoY Change
1%
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