# 120 E RIO SALADO Parkway #204, Tempe, AZ 85281

> **TL;DR:** 2bd/3ba multi-family, $995,000 ($506/sqft), built 2006, 1,968 sqft.
> Fireplace, Waterfront, View, A/C. Est. $7,157/mo. Listed 178 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $995,000 |
| Price/sqft | $506 |
| Bedrooms | 2 |
| Bathrooms | 2 full, 1 half |
| Square Feet | 1,968 |
| Year Built | 2006 |
| Lot Size | 1,969 sqft (0.05 acres) |
| Property Type | Multi-Family (Apartment) |
| Status | Active |
| Days on Market | 178 |

## Why This Home Stands Out

- **Waterfront** - Waterfront location listed
- **Views** - Desert, City, Lake

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $5,031 |
| Estimated Insurance | $290 |
| HOA | $1,836 |
| **Total** | **$7,157** |

## Nearby Schools

- **Elementary:** Cecil Shamley School
- **Middle:** Cecil Shamley School
- **High:** McClintock High School

## Key Amenities

- Fireplace
- Waterfront
- View
- A/C

## Property Highlights

- Built in 2006
- 0.05 acre lot
- Fireplace
- Waterfront

## Description

### Agent Description
Experience elevated waterfront living at Edgewater, where unobstructed views of the lake and the iconic Mill Avenue Bridge create a striking backdrop to everyday life. Expansive picture windows immediately draw your attention outward as rowing crews glide across the water, cyclists trace the shoreline, and the energy of downtown unfolds just beyond. The open concept design is intentional, maximizing natural light while seamlessly connecting interior living spaces to the surrounding scenery. This unique two bedroom, two and a half bathroom floor plan offers noticeably more living space than similar units on higher floors due to the architectural shape of the building, creating a larger and more functional layout that is rarely available. The guest suite is exceptionally spacious and currently accommodates two queen Murphy beds, a standup desk, and dedicated space for yoga and fitness, making it larger than many primary suites within the building. The guest bathroom is positioned just off the suite, while an additional half bath near the entry foyer allows for effortless hosting of both long term guests and everyday entertaining. The primary suite serves as a true retreat, offering generous proportions with an oversized layout that provides more than enough space for a king sized bed, a dedicated office or desk setup, or an additional sitting area. The spa inspired bathroom is designed for both comfort and privacy. Two private balconies provide front row access to morning sunrises and vibrant Arizona sunsets reflected across the water. The kitchen is both functional and refined, anchored by a waterfall island and designed to flow seamlessly into the main living and dining areas. Additional features include engineered hardwood flooring, automated Hunter Douglas window coverings, a gas fireplace, and secure parking with climate controlled storage. Located within Edgewater at Tempe Town Lake, this iconic building offers a full suite of resort style amenities. Residents enjoy a gated garage, a front desk attendant with on site security, a pool and jacuzzi, fitness center, and a private community lawn with lounge areas and grills. Additional shared spaces include a clubhouse with kitchen, television lounge and a pool table room. Direct access to Tempe Town Lake's dock, as well as immediate connection to the lake's walking and biking paths, places the outdoors at your doorstep. Edgewater is professionally managed with on site HOA management and strong reserves, offering peace of mind through thoughtful, well maintained operations. With A Mountain and Tempe Town Lake as your playground and seamless access to Tempe, Phoenix, and Scottsdale, this residence delivers a rare balance of tranquility, convenience, and iconic desert living.

## Location

- **Address:** 120 E RIO SALADO Parkway #204, Tempe, AZ 85281
- **County:** Maricopa
- **Neighborhood:** EDGEWATER HAYDEN FERRY LAKESIDE CONDO AMD
- **Coordinates:** 33.431573, -111.937414
- **Google Maps:** https://www.google.com/maps?q=33.431573,-111.937414

## Virtual Tour & Media

- **Video Tour:** https://vimeo.com/1175110226?share=copy&fl=sv&fe=ci

## Listing Agent

- **Name:** Jon Mark Estes
- **Brokerage:** RETSY LLC
- **Phone:** 4802496400
- **Broker Phone:** (602) 842-0000
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/120-E-Rio-Salado-Pkwy-Unit-204_Tempe_AZ_85281_M26451-85683?f=listhub&s=ARMLSAZ&m=7001309&c=propsimple)

## Photos

![120 E RIO SALADO Parkway #204 - Photo 1](http://lh.rdcpix.com/a1705dd26d100e279aa7ca41f9ab1e80l-f4271484565r.jpg)

![120 E RIO SALADO Parkway #204 - Photo 2](http://lh.rdcpix.com/a1705dd26d100e279aa7ca41f9ab1e80l-f1832791181r.jpg)

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---

**MLS#:** 7001309 | **Updated:** 2026-09-12
**Source:** listhub

*Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/120-e-rio-salado-parkway-tempe-az-85281-7001309)

---

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