What is the premium for Phoenix waterfront property?

Value of  Phoenix Waterfront PropertyBalcony view from Scottsdale Waterfront Residences

People have often commented that Phoenix waterfront property is an oxymoron. How can there be waterfront homes  in a desert?  Not too far into the conversation, the question will be “Is waterfront property more expensive than non-waterfront property?”  The easy answer is “yes, of course” since there is less of it.  Where it gets more complicated is the question, “How much more expensive is a waterfront home?” My answer has always been, “well, it depends”.  I thought it was about time to put some numbers to it.

Differences in waterfront property

The definition of waterfront property in Arizona can vary greatly.  To some, waterfront property means having a boat dock at the edge of the property with the ability to cruise around the man made lake in a pontoon boat at sunset.  Others are classified as waterfront when there is a fence and small common area buffer between the property and the water.  Then there is the agent that checks the waterfront box because you can stand on the 2nd story deck and see a man-made lake on the golf course. The most generous classification for waterfront The Springs terraced lakescan be seen when a home borders one of the many canals that run through the Phoenix area .  For example,  Scottsdale Waterfront Residences condos on Camelback border the Arizona Canal so that has to be waterfront, in fact its even in the name right? Maybe a better classification would be water-view or water feature instead of waterfront for many of these properties. The reason for pointing out these differences is that it is impossible to apply a flat premium percentage to waterfront or lakeside property in Phoenix because all waterfront is not the same.   The premium for waterfront property will  vary depending on the proximity & accessibility to the water and the waterfront views associated with the home.

Waterfront premium for various Phoenix communities

The ideal comparison would be two houses; one on the water and the same house not on the water in the same neighborhood in the same condition selling within weeks of each other.  Occasionally, this is possible but frequently it is not.  At that point the goal is find enough similar waterfront and non-waterfront homes to make a comparison in the same subdivision.  The comparisons were made using the sold price/sq.ft. to determine the incremental value.  Here’s are some findings:

* The Cove at the Islands-Waterfront Townhouses in Gilbert; 4 waterfront and 4 non-waterfront that sold in 2014, all two stories. The waterfront $/sq.ft average was $156/sq.ft while the non-waterfront units was $130/sq.ft.  This represents a 20% premium for waterfront townhouses in this lake community.

If you’d like to receive automatically listings of waterfront homes, click on Receive listings of homes automatically. Please describe in detail your dream home.

*Crystal Shores at Val Vista Lakes. Two story homes with the same floor plan and square footage in Gilbert.  The off the water home sold for $340K and the waterfront home sold for $450K two months later, a difference of $110K or a 32% premium.Father & Son Enjoying the Wildlife

*Playa Del Rey Estates, a water ski community. Two single story homes across the street from each other. A difference of less than 200  sq.ft., the off the lake property had a private pool.  The ski lake property sold for $184/sq.ft. and the other property sold for $136/sq.ft., or a premium of 35%.  It would be even greater adjusting for the private pool of the non-waterfront home.

*Lakewood in Ahwatukee. Waterfront homes (6) that sold in 2014 compared to  non-waterfront homes(20). All homes had private pools. Waterfront homes averaged $200/sq.ft. vs. $138/sq.ft. for non-waterfront, yielding a 45% premium for Lakewood waterfront property.

Ahwatukee*Cantabria Shores, waterfront and golf townhouses in south Chandler.  Two waterfront units sold for an average of $157.5/sq.ft. while two interior townhouses sold for $139.6/sq.ft., resulting in a 13% premium for Cantabria waterfront townhouses.

*Ocotillo Lakes. Chandler Waterfront homes sold in 2014 with a pool, $191/sq/ft. vs. $154/sq.ft. for non-waterfront with a pool is a 24% premium.

As you can see the answer is still the same; ” it depends” upon the type, location,and waterfront view.  However, this does show a general range for the waterfront property premium and show that waterfront property does cost more.

To receive more waterfront information and listings, click on receive waterfront property home listingsFor specific questions, feel free to call me or e-mail me at gordonbaker@remax.net. The valley cities that have the most lake communities are Chandler, Gilbert, Scottsdale, Mesa, Peoria, Glendale, Tempe, and  Avondale.

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Waterfront Homes for Sale

$699,900 :: 425 E COCONINO Place, Chandler AZ, 85249

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4 beds, 3 baths
Home size: 3,458 sq ft
Lot Size: 14,810 sq ft
Added: 04/02/18, Last Updated: 06/21/18
Property Type: Single Family
MLS Number: 5745167
Community: PINELAKE ESTATES
Tract: PINELAKE ESTATES
The price of this listing was last reduced on 6/21/2018 by 1%
Status: Active


GORGEOUS WATERFRONT HOME! HUGE LOT in CHANDLER'S PINELAKE ESTATES 4 Bedrooms- 3 BATHS-ALL Recently Remodled **PLUS OFFICE!** ON 14,819 SQ FT CUL DE SAC LOT!! Beautiful New Custom 12 ft. Solid Wood Double Entry door welcomes you to Formal Living room & Dining room w/soaring ceilings! European Travertine thru-out & neutral carpet in bedrooms. Upgraded Kitchen features, granite counters w/ marble backsplash, staggered maple cabinets, gas cooktop, SS Appliances, large island/breakfast bar and Breakfast rm open to large Family room w/ views to lush backyard & Lakefront. Grand Master Suite has double entry doors and beautiful Lakeviews w/ private deck for Sunsets & Lakeviews. Large Master bath has separate vanities, spa tub, newly remodeled shower w/ frameless glass & marble, walk-in clo

Listed with HomeSmart


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$510,000 :: 422 E KAIBAB Place, Chandler AZ, 85249

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3 beds, 2.5 baths
Home size: 2,695 sq ft
Lot Size: 16,552 sq ft
Added: 04/11/18, Last Updated: 04/28/18
Property Type: Single Family
MLS Number: 5749991
Community: PINELAKE ESTATES
Tract: PINELAKE ESTATES
The price of this listing was last reduced on 4/28/2018 by 3%
Status: Active


Lakeside family home, on a CUL DE SAC, now available in prestigious PINELAKE ESTATES. The home features a SPLIT FLOOR PLAN with large entertaining area, stone-trimmed fireplace, and front BONUS ROOM usable as either OFFICE or GAME ROOM. Prepare dinner in the large CHEF'S KITCHEN while friends keep you company at the large island counter. Enjoy outdoor living and VIEWS of the lake from under the substantial COVERED PATIO or from the SPARKLING POOL. This home is situated in a highly desirable area with NATIONALLY RANKED SCHOOLS and the award-winning Ocotillo Golf Club nearby. Within minutes of SHOPS and DINING and easy FREEWAY ACCESS, this home provides all the amenities your family could want for easy living.

Listed with Realty Executives


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$595,000 :: 16607 S 34TH Way, Phoenix AZ, 85048

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5 beds, 3 baths
Home size: 2,816 sq ft
Lot Size: 6,098 sq ft
Added: 04/13/18, Last Updated: 06/27/18
Property Type: Single Family
MLS Number: 5751526
Community: LAKEWOOD PARCEL 18 LOT 1-134 T
Tract: LAKEWOOD PARCEL 18 LOT 1-134 T
The price of this listing was last reduced on 6/27/2018 by 1%
Status: Active


Gorgeous Lakewood waterfront home! Entertainers dream!!! Completely remodeled in 2013 with a downstairs bedroom and bathroom, gourmet kitchen, 6 burner gas Dacor oven/range, granite slab island with contrasting cabinets. Recessed lighting throughout with upgraded tile in the living areas. Master suite over looks the lake with a balcony, gas fireplace, dark wood floors and a jetted tub in the master bath. Open floor plan that flows right to the back yard and lake. Built in BBQ and covered patio. Seller has plans already approved for a pool and fire pits. Home is in one of the best school districts and close to shopping and restaurants. There are countless activities in the community with the park, fishing, bike riding, and minutes from hiking the trails of South Mountain. A must see!!

Listed with North & Co


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$799,000 :: 3535 E AMBERWOOD Drive, Phoenix AZ, 85048

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4 beds, 3.5 baths
Home size: 3,542 sq ft
Lot Size: 8,276 sq ft
Added: 06/25/18, Last Updated: 06/26/18
Property Type: Single Family
MLS Number: 5785328
Community: HARBOR ISLAND AMD LOT 1-108 TR
Tract: HARBOR ISLAND AMD LOT 1-108 TR
Status: Active


''Luxurious'' One of a Kind Semi-Custom home on the Lake in Harbor Island. Every upgrade you could imagine including a FULL Basement for Entertaining with Custom Bar and Bath. Iron Door Entrance with over $200,000 worth of remodeling. Split Master Retreat with Custom Steam Shower, Double Shower Heads, Granite Counters and New Jetted Tub. Separate Guest Bedroom with Custom Tiled Shower in Room. ''Chefs Dream''Kitchen with $10,000 WOLF GAS Stove and Microwave, Granite Counters and Backsplash, Copper Sink and HUGE Island for entertaining. Brand New Built in Sub Zero Refrigerator. New Roof in 2013, New Windows/Doors in most areas. Custom Cabinetry, Shutters and GAS Stoned Fireplace. Step out to Sparkling Pool and enjoy prestigious lifestyle on the Lake. Click on list of Upgrades

Listed with West USA Realty


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$639,900 :: 3408 E ASHURST Drive, Phoenix AZ, 85048

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4 beds, 3.5 baths
Home size: 3,218 sq ft
Lot Size: 7,840 sq ft
Added: 01/29/18, Last Updated: 04/19/18
Property Type: Single Family
MLS Number: 5715831
Community: LAKEWOOD ESTATES
Tract: LAKEWOOD ESTATES
The price of this listing was last reduced on 4/19/2018 by 2%
Status: Active


Spectacular waterfront property nestled beautifully in the highly sought community of Lakewood Estates at Lakewood. Corner Lot! Front entry opens to foyer and formal living room with powder room. Gorgeous open kitchen with custom cabinetry, kitchen island, stainless appliances, breakfast bar and breakfast room. Huge open family room with rear patio access and stunning lake and mountain views. Fabulous downstairs master bedroom suite with patio access and views! Master bathroom with dual sinks, separate tub, walk-in shower and large walk-in closet. Upstairs opens with large open loft. Spacious guest bedrooms with guest bathrooms and panoramic mountain & lake views! Resort style backyard with covered patio, custom pebble tec play pool with waterfall feature, outdoor kitchen with built-in

Listed with Keller Williams Realty Sonoran Living


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$569,500 :: 10390 E LAKEVIEW Drive #206, Scottsdale AZ, 85258

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3 beds, 3 baths
Home size: 2,692 sq ft
Lot Size: 435 sq ft
Added: 07/01/17, Last Updated: 07/17/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5627486
Community: CHARTER POINT UNIT 1-36
Tract: CHARTER POINT UNIT 1-36
The price of this listing was last reduced on 7/17/2018 by 0%
Status: Active


$80k UNDER APPRAISAL MASSIVE $30k REDUCTION MOTIVATED SELLER BRING ALL OFFERS water, sophisticated & high styled, maple floors, new carpet, 3 bedrooms, 3 ensuite baths. Water Views from most rooms, sweeping expansive veranda showcases the lake w/access out from granite white cabinetry kitchen, dining rm/great room & master bedroom. Halogen lighting, media built-in+ gas fireplace in great room, curved walled eat in kitchen area, pendant & can lighting, direct access garage w/wall of built ins. Gated entry to front door but garage accessible. White Granite counters & dual breakfast bar, contemporary flair. Painted pale gray accented with white, this home perfect for a single professional or a young couple. A contemporary classic, feels airy, classy & unique. Rare gas cook top in kitchen

Listed with HomeSmart


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$800,000 :: 10246 E GOLD DUST Avenue, Scottsdale AZ, 85258

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3 beds, 2 baths
Home size: 2,057 sq ft
Lot Size: 7,405 sq ft
Added: 05/02/18, Last Updated: 07/16/18
Property Type: Single Family
MLS Number: 5760300
Community: SCOTTSDALE RANCH - WATERFRONT
Tract: SCOTTSDALE RANCH - WATERFRONT
The price of this listing was last reduced on 7/16/2018 by 2%
Status: Active


Gorgeous Waterfront Property in highly desirable Scottsdale Ranch Lake!Light & bright home is spectacular w/large windows overlooking the lake! This stunning home invokes a sense of peace & serenity with a premium level of privacy. As you enter you'll be treated to an impeccably designed home w/dramatic vaulted wood beamed ceilings. Open kitchen is complete with custom cabinets, granite countertops & breakfast bar. The spacious master suite is stunning with lake views & a private patio. Spa like master bath features a large separate shower and Jacuzzi jet tub. The backyard is a resort style retreat on a tropical and tranquil setting with a heated infinity edge swimming pool and rock water feature, outdoor fireplace and a grass area w/ a private boat dock to enjoy rides along Lake Serene.

Listed with West USA Realty


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$635,000 :: 10524 E CANNON Drive, Scottsdale AZ, 85258

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4 beds, 2.5 baths
Home size: 2,976 sq ft
Lot Size: 14,374 sq ft
Added: 06/08/18, Last Updated: 07/11/18
Property Type: Single Family
MLS Number: 5777522
Community: Scottsdale Ranch
Tract: Scottsdale Ranch
The price of this listing was last reduced on 7/11/2018 by 4%
Status: Active


Scottsdale Ranch gem not to be missed! Unbelievable price & quality! Upgrades incl. Saltillo tiled walkway & courtyard, a 1/3rd acre lot w/a resort backyard, Italian quarry stone foyer & laminate wood floors, expansive kitchen w/granite island w/x-tra sink, all SS appl., extensive custom maple cabinetry, beautiful baths w/granite, enlarged master shower with stone, & custom dressing table with mirror! Resort style 35 ft. Pebble-tec pool, covered patio extends length of home w/extension, artificial grass, multiple seating areas & COMMERCIAL misters for the perfect AZ lifestyle! Home was twice remodeled & enlarged w/ large storage room added! Split floor plan, shutters, new foam roof in 2008, walking distance to Laguna! $213 ppsq. ft. Move-in ready. Check out F & U in Docs Tab & Virtual!

Listed with Russ Lyon Sotheby's International Realty


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$689,000 :: 10448 N 98TH Street, Scottsdale AZ, 85258

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3 beds, 2.5 baths
Home size: 2,568 sq ft
Lot Size: 13,939 sq ft
Added: 07/06/18, Last Updated: 07/07/18
Property Type: Single Family
MLS Number: 5790319
Community: SCOTTSDALE RANCH
Tract: SCOTTSDALE RANCH
Status: Active


Impressive Master-down Scottsdale Ranch residence with nearly 1/3 Acre lot in the prized Haciendas del Lago neighborhood. Wonderfully inviting, Dramatic Architecture: Soaring ceilings, niches, expanded Master with Sitting Room, Granite Counters, Porcelain Tile Flooring, New Water Heater, Newer ACs and Pool heater, multiple strategically placed Patios in the magnificent resort yard. Heated PebbleTec Pool, Stunning, very Private Mature Landscaping. Just 3 Homes from Lake Serena public dock; blocks to Community Center, restaurants, shops; 5 minutes to excellent schools and the 101.

Listed with West USA Realty


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$674,800 :: 10059 E IRONWOOD Drive, Scottsdale AZ, 85258

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2 beds, 2 baths
Home size: 1,863 sq ft
Lot Size: 4,791 sq ft
Added: 05/19/17, Last Updated: 07/05/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5608488
Community: LAS BRISAS UNIT 1 AT SCOTTSDAL
Tract: LAS BRISAS UNIT 1 AT SCOTTSDAL
The price of this listing was last reduced on 7/5/2018 by 0%
Status: Active


Absolutely Gorgeous, Immaculate Townhome with Breathtaking Lake Views!! Outside setting is like being in Venice, Italy. Serene Water Views from the Great Room, Den, and Master Suite. Wrap around backyard utterly enchanting. This Home is Beautifully Maintained, Original, and Charming! 3 Community Pools! Close to Shopping, Restaurants, & Easy Access to the 101. Could sell turn key with separate bill of sale to the tenant for the furnishings at $10K

Listed with Realty Executives


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$1,394,000 :: 10122 E TOPAZ Drive, Scottsdale AZ, 85258

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3 beds, 3 baths
Home size: 3,019 sq ft
Lot Size: 7,405 sq ft
Added: 01/03/18, Last Updated: 07/05/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5703814
Community: LAS BRISAS UNIT 2 AT SCOTTSDAL
Tract: LAS BRISAS UNIT 2 AT SCOTTSDAL
Status: Active


PRIME WATERFRONT DESIGNER GEM! - One of Scottsdale's most beautiful all one level lakeside home! Custom Refined Elegance throughout. WHEELCHAIR ACCESSIBLE throughtout, evne to the Expanded lakeside patio with McDowell Mtn views! Private dock has been completely rebuilt with long lasting material. PLUS! ONLY HOME IN LAS BRISAS with SEPARATE GUEST HOUSE off courtyard featuring huge vaulted bedroom & full bath.

Listed with Realty Executives


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$790,000 :: 9796 E IRONWOOD Drive, Scottsdale AZ, 85258

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4 beds, 3 baths
Home size: 3,359 sq ft
Lot Size: 10,890 sq ft
Added: 07/02/18, Last Updated: 07/02/18
Property Type: Single Family
MLS Number: 5788289
Community: SCOTTSDALE RANCH 2 LOT 1-131 T
Tract: SCOTTSDALE RANCH 2 LOT 1-131 T
Status: Active


Spectacular hard to find model in Scottsdale Ranch that does not come on the market often. 4 bedrooms, 3 baths with loft. Upon entry to this wonderful home you will notice the very open floor plan with both ample living and family room spaces with both formal as well as casual dining areas. Kitchen boasts granite slab counters w/ high end appliances including 36'' side by side fridge and wonderful counter space plus cook while gazing outside to your stunning backyard. Expansive master bedroom with sitting area, fireplace & balcony that overlooks the McDowell Mountains makes this a great retreat. Enjoy your days & nights in the secluded backyard with pool,spa, waterfall, built in BBQ and dine in your gazebo. Corner lot & 3 car garage also makes this highly desirable. Welcome Home!

Listed with Evolve Realty, LLC


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$1,399,000 :: 10573 N 99TH Place, Scottsdale AZ, 85258

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3 beds, 3.5 baths
Home size: 3,901 sq ft
Lot Size: 10,018 sq ft
Added: 03/19/18, Last Updated: 06/07/18
Property Type: Single Family
MLS Number: 5739097
Community: SCOTTSDALE RANCH 3 LOT 1-56 TR
Tract: SCOTTSDALE RANCH 3 LOT 1-56 TR
The price of this listing was last reduced on 6/7/2018 by 2%
Status: Active


EXCLUSIVE, FINEST WATERFRONT custom home in Scottsdale Ranch. Enjoy the ambiance of Lake Serena w/miles of waterway. Stunning and one of a kind. When you walk in you are greeted with a winding staircase and expansive vaulted ceiling. Huge Master suite is downstairs, Remaining bedrooms are upstairs plus office area/ den. Outdoor fireplace. Granite counters, travertine floors, open kitchen/family room. Entertain guests on your private tropical terrace w/built-in BBQ, gentle flowing negative edge waterfall/pool AND a private boat dock for happy hour/evening cruises. Epoxy 3 car garage. Must see home to appreciate all features. Call for your appt. to see this exceptional home!

Listed with Realty ONE Group


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$1,250,000 :: 10142 E TOPAZ Drive, Scottsdale AZ, 85258

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3 beds, 2 baths
Home size: 2,516 sq ft
Lot Size: 6,534 sq ft
Added: 03/09/18, Last Updated: 05/18/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5734949
Community: Scottsdale Ranch @Las Brisas
Tract: Scottsdale Ranch @Las Brisas
The price of this listing was last increased on 5/18/2018 by 5%
Status: Active


Gorgeous remodel waterfront home Capturing magnificent waterfront view of Lake Serena,nestled within the only guard-gated lake subdivision. Single level home,Boasting 2500-square feet of living space no steps,3 bedroom / 2baths, nice open floorplan, Exquisite views down the lake to the McDowell Mtns. Granite countertops, gorgeous cabinetry,24 inch travertine flooring,fireplace,Tounge and grooves ceilings,stone showers and baths.Huge walkin closet, Enjoy wine and cheese in your own private boat docked. Builtin BBQ,and a private spa.3 community swimming pool, dry sauna,2 tennis courts, luxury subdivision one of the scottsdale most unique private subdivision with 24hrs guard gate.

Listed with Realty Executives


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!


$695,000 :: 10390 E LAKEVIEW Drive #105, Scottsdale AZ, 85258

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3 beds, 3.5 baths
Home size: 3,249 sq ft
Lot Size: 435 sq ft
Added: 05/14/18, Last Updated: 05/14/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5765793
Community: CHARTER POINT UNIT 1-36
Tract: CHARTER POINT UNIT 1-36
Status: Active


Waterfront property in Scottsdale Ranch and all on one level. This home has stunning views of the lake and is equipped with its own dock. Take a look at the photos and you can see that it has a wonderful wrap around deck to enjoy the sunsets as well. Rooms are extra large and lots of wonderful windows letting in the light. Bedrooms are generous sized along with the bathrooms. Each building has its own private locked gate. The community is lovely and all surrounded by the water.

Listed with Launch Real Estate


Brought to you by Gordon Baker, Remax Alliance Group. Call me today at 480-326-8571, or visit my website at www.myhomeinaz.com/!