Regatta Pointe condominiums located right across the street from Tempe Town Lake were built in 2002. While they cannot be considered waterfront property, some of the condominiums have fantastic views of Tempe Town lake. This Tempe lakeview condominium development has 136 units; 116 single level units and 20 larger two story units. A heated community pool and spa are at the center of the community. The location features proximity to an endless list of amenities such as parks, the light rail, Mill Avenue restaurants and entertainment, and a cultural center. Recent sales of distressed properties such as short sales or bank owned units have sold for 60% of their highs in 2005 – 2006.
My search this week for waterfront and lake communities in the Phoenix area landed me at CantaMia in Estrella Mountain Ranch in Goodyear. This active adult retirement lake community features 17 acres of lakes in phase I and 23 acres in phase 2 & 3. Total homesites at buildout will be just under 1,800. CantaMia offers 14 home plans that range in size from 1,189 to 2,852 square feet and will also feature its own community center that promises to be one of best in the valley. CantaMia residents also have access to the impressive Starpointe Residents Club.
While there are very few true waterfront homes in Fountain Hills, many condos and single family homes are strategically positioned to take advantage of awesome views from the back patio or front porch of a world famous fountain that shoots up over 300 feet every hour. These Fountain Hills lake view homes are a unique phenomenon in a community that has some of the most scenic mountain views in the valley.