Gorgeous Lake Life in the middle of Tempe! Beautiful home with tons of character & charm that will be hard to find elsewhere. Located on The Island of the Lakes with a large lot, boat dock, an additional workshop/studio (with its own sink, toilet and bi-fold door)that overlooks the lake, 4 bedrooms, 3 bathrooms, dining room, great room connected to another sitting room by a brick fireplace. Cul-de-sac lot, lake views from just about every room, beautifully paved driveway and fruit producing citrus trees all over the property. This truly is location x 3 with quick access to multiple freeways, shopping, entertainment, and ASU. Fantastic home that is waiting to be updated and made to be your own. Home was loved by the same family since 1992! These lake homes don't go on the market every day. You don't want to miss your chance at this rare gem in Tempe! Have your agent schedule a showing TODAY!
Sold for $910,000 on 05/08/23
$910,000
5520 S Waverly Way, Tempe, AZ 85283
4beds
3baths
2,809sqft
Single Family Residence
Built in 1979
10,197 Square Feet Lot
$1,076,200 Zestimate®
$324/sqft
$3,588 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 08, 2025 at 04:17pm
Listed by:
Camille Kooi 480-226-7436,
My Home Group Real Estate
Bought with:
Phyllis Ann Kerseg, SA105071000
Realty ONE Group
Paul F Dumke, BR013552000
Realty ONE Group
Source: ARMLS,MLS#: 6521814

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Electric
Cooling
- Central Air
Appliances
- Included: Electric Cooktop
Features
- Upstairs, Vaulted Ceiling(s), Wet Bar, Pantry, 3/4 Bath Master Bdrm
- Flooring: Carpet, Tile
- Has basement: No
- Has fireplace: Yes
- Fireplace features: Family Room
Interior area
- Total structure area: 2,809
- Total interior livable area: 2,809 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage Door Opener
- Garage spaces: 2
- Uncovered spaces: 2
Features
- Stories: 2
- Has private pool: Yes
- Pool features: Diving Pool, Private
- Spa features: None
- Fencing: See Remarks
- Waterfront features: Waterfront
Lot
- Size: 10,197 sqft
- Features: Waterfront, Sprinklers In Rear, Sprinklers In Front, Cul-De-Sac
Details
- Parcel number: 30102168
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Stucco, Wood Frame, Painted
- Roof: Tile
Condition
- Year built: 1979
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water
Community & neighborhood
Community
- Community features: Lake, Community Pool, Tennis Court(s), Biking/Walking Path, Fitness Center
Location
- Region: Tempe
- Subdivision: LAKES TRACT B
HOA & financial
HOA
- Has HOA: Yes
- HOA fee: $351 quarterly
- Services included: Maintenance Grounds
- Association name: The Lakes Comm Assoc
- Association phone: 480-332-0050
Other
Other facts
- Listing terms: Cash,Conventional,VA Loan
- Ownership: Fee Simple
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$1,076,200
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,076,200