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$1,095,000

140 E Rio Salado Pkwy Unit 507 Tempe, AZ 85281

2 beds
2 baths
1,686 sqft
0.04 acres
$649 / sqft
Condo

Property details

About 140 E Rio Salado Pkwy Unit 507

Live Above It All - Luxury Corner Condo with Unmatched Views of Tempe Town Lake, Camelback Mountain & Four Peaks Wake up to breathtaking lakefront sunrises from this rare 2BD/2BA northeast corner unit, perched perfectly on the 5th floor to clear surrounding buildings. One of only 14 units in the building fully facing the lake. Located right around the corner from Mill Ave dining and ASU Stadium, enjoy close city living in a quiet, secure high-rise. Features include triple-pane sapphire glass windows, blackout shades, travertine floors, JennAir appliances, freshly repainted interior, two premium parking spots, and private air-conditioned storage. Tempe Town Lake is now Arizona's second most visited destination—don't miss this lifestyle opportunity!

Highlights

Home typeCondominium
HeatingNatural Gas
StatusActive
CoolingCeiling Fan(s), Other
Size1,686 sqft
Lot size0.04 Acres
Year built2008
ParkingGated, Separate Strge Area, Assigned
MLS #6899114
Garage2 spaces
Fireplace1 Fireplace, Living Room, Gas
ViewMountain(s)

Summary

  • Flooring Type: Carpet, Stone
  • Interior: High Speed Internet, Granite Counters, Double Vanity, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Elevator, No Interior Steps, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Fireplace: 1 Fireplace, Living Room, Gas
  • Total Bedroom Count: 2
  • Garage Space: 2 spaces
  • Private Pool: No
  • Parking: Gated, Separate Strge Area, Assigned
  • View: Mountain(s)
  • Exterior: Balcony, Storage
  • Architectural Style: Contemporary
  • Heating: Natural Gas
  • Cooling: Ceiling Fan(s), Other
  • List Price: $1,095,000
  • Price/SqFt: $649
  • HOA Amount: $1527 Monthly
  • Annual Tax Amount: $6,060
  • Tax Year: 2024
  • Lot: Grass Front
  • Directions: From Rural Road, take Rio Salado heading west towards Mill Ave. Take a Right on Hayden Ferry and stay right past AC Marriott. Bridgeview will be directly past the hotel.
  • Year Built: 2008
  • Stories: 1
  • Living Area: 1,686 SqFt
  • Lot Size: 0.04 Acres
  • MLS Number: 6899114
  • MLS Name: Arizona Regional Multiple Listing Service 2
  • Office Name: HomeCoin.com
  • Office Phone: (888) 400-2513
  • Office Email: info@homecoin.com
  • Listing Agent: Jonathan Minerick

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. 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. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/31/2025, 11:45:44 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Apr 15, 2022
Home Sold
$800,000
Oct 27, 2016
Home Sold
$750,000
Apr 18, 2008
Home Sold
$1,300,000

Tax history

YearAssessmentProperty Tax
2024$76,020$6,060
2023$67,610$5,788
2022$58,430$6,432
2020$57,630$6,237
2019$46,670$5,367
2017$53,300$6,350

History based on county public records data.

Nearby schools

3

Scales Technology Academy

Public District KG-5

1.2 mi

1115 W 5th St

6

Broadmor Elementary School

Public District KG-5

1.9 mi

311 E Aepli Dr

2

Holdeman Elementary School

Public District KG-5

2.0 mi

1326 W 18th St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $87,500. The most common annual income of people living in Tempe, AZ is between $35k-100k. Most families are single, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

24%
<35k
32%
35k-100k
31%
100k-200k
13%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

66%
Single, No Kids
4%
Single, with Kids
24%
Married, No Kids
6%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

0%
<11 yrs old
1%
12-17 yrs old
96%
18-34 yrs old
3%
35-64 yrs old
0%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • SoccerSoccer
  • Skiing/snowboardingSkiing/snowboarding

Where do the neighbors shop?

  • H&MH&M
  • The Container StoreThe Container Store
  • NordstromNordstrom

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • StarbucksStarbucks
  • California Pizza KitchenCalifornia Pizza Kitchen

What do the neighbors drive?

  • HondaHonda
  • BMWBMW
  • AudiAudi

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • AlternativeAlternative
  • Talk/PersonalityTalk/Personality
All data provided by Home Junction and Claritas

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Frequently asked questions

About 140 E Rio Salado Pkwy Unit 507

The listing price of 140 E Rio Salado Pkwy Unit 507 property is $1,095,000.

The property 140 E Rio Salado Pkwy Unit 507 is a condo located in Tempe, Arizona, 85281.

Active Listing: 140 E Rio Salado Pkwy Unit 507 is For Sale (Active/New) which means the seller is accepting offers.

The nearby schools for 140 E Rio Salado Pkwy Unit 507 are: Scales Technology Academy (GreatSchools Rating 3/10), Broadmor Elementary School (GreatSchools Rating 6/10), Holdeman Elementary School (GreatSchools Rating 2/10), Laird Elementary School (GreatSchools Rating 3/10), Gililland Middle School (GreatSchools Rating 2/10), Tonalea K - 8 School (GreatSchools Rating 3/10), Ombudsman - Charter Northeast (GreatSchools Rating 2/10), Asu Preparatory Academy Digital (GreatSchools Rating 5/10), Student Choice High School (GreatSchools Rating 2/10).

According to the records, the last property tax for 2024 is $6,060 (source: MLS/based on county public records data).

The last sale was on April 15, 2022 for $800,000 (source: MLS/tax record).

The property at 140 E Rio Salado Pkwy Unit 507 has 2 bedrooms and 2 bathrooms.

The property 140 E Rio Salado Pkwy Unit 507 is 1,686 SqFt (source: MLS/tax record).

The year of construction for 140 E Rio Salado Pkwy Unit 507 is 2008.

This home is located at 140 E Rio Salado Pkwy Unit 507 in Tempe, AZ and zip code 85281 in the Downtown Tempe neighborhood. This 1,686 square foot home, which was built in 2008, sits on a 0.04 acre lot. Features: 2 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 30, 2025 and is currently priced at $1,095,000.

In June 2025 more than 7 listings in Tempe, AZ were sold above the asking price. During the same period more than 26 listings were sold at asking price, while more than 89 were sold below. The number of listings in Tempe, AZ increased by 0.3% between May and June 2025. Listings spent 70 days on the market in June 2025, and had a median list price of $485,000 during the same period.

From Rocket Homes Real Estate and based on county public records data.

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