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

$479,000 :: 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: 09/28/18
Property Type: Single Family
MLS Number: 5749991
Community: PINELAKE ESTATES
Tract: PINELAKE ESTATES
The price of this listing was last reduced on 9/28/2018 by 2%
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/!


$275,000 :: 16410 S 12TH Street #210, Phoenix AZ, 85048

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2 beds, 2 baths
Home size: 1,389 sq ft
Lot Size: 1,306 sq ft
Added: 10/03/18, Last Updated: 10/17/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5828201
Community: TOSCANA LAKESIDE CONDOMINIUMS
Tract: TOSCANA LAKESIDE CONDOMINIUMS
The price of this listing was last reduced on 10/17/2018 by 4%
Status: Active


Welcome to the exclusive gated Toscana Lakeside Community. Fantastic waterfront views / mountain views. Gated community in the foothills. Relax in the community pool. This unit has a balcony, relaxing sunset views in the evening. Recent painting throughout. Split 2 bedroom floor plan. Master suite with large walk in closet, ceiling fan. Separate den for home office. Great Room. 1 Cart Garage.

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/!


$289,000 :: 16410 S 12th Street #103, Phoenix AZ, 85048

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2 beds, 2 baths
Home size: 1,411 sq ft
Lot Size: 1,306 sq ft
Added: 08/01/18, Last Updated: 10/07/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5801232
Community: TOSCANA LAKESIDE
Tract: TOSCANA LAKESIDE
The price of this listing was last reduced on 8/31/2018 by 3%
Status: Active


STUNNING,PREMIUM LAKE FRONT PROPERTY. HIGHLY UPGRADED CONDO, in MODEL PERFECT Condition. PRICE REDUCED! INTERIOR DESIGN UPGRADES from honed,edged Veined Granite counter tops; Staggered/crowned Alder cabinetry w/seeded glass doors; Upgraded stainless steel appliances; Plantation wood shutters; top line Berber carpeting/pad; Tuscany porcelain tile flooring; plus Upscale lighting & fixtures. LAKE VIEWS can be seen from most rooms of the home. An ELEGANT Gourmet Kitchen is complimented by CUSTOM ALCOVE SEATING (with storage)for casual dining overlooking the PRIVATE FRONT COURTYARD garden patio. Covered REAR PATIO WITH LAKE VIEW. Private direct entry from attached one car garage completes your CHARMING, Tuscan Lake Front Villa residence. A one of a kind. A Must See!

Listed with My Home Group 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/!


$649,900 :: 9746 E CINNABAR Avenue, Scottsdale AZ, 85258

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4 beds, 2 baths
Home size: 2,662 sq ft
Lot Size: 10,018 sq ft
Added: 10/17/18, Last Updated: 10/17/18
Property Type: Single Family
MLS Number: 5834509
Community: SCOTTSDALE RANCH 1 LOT 1-105 T
Tract: SCOTTSDALE RANCH 1 LOT 1-105 T
Status: Active


This updated and well maintained home is in a very highly desirable and quiet, mature neighborhood of Scottsdale Ranch. It's prime location is minutes to the 101, MAYO on Shea, police & fire stations.Blocks from medical offices & Honor Health Hospital, shopping, restaurants, tennis courts & park, the Via Linda Senior Center, bicycle paths, fitness center. It's single level floor plan is very popular because of it's soaring ceilings and open flow from the custom iron & glass entry, living room, wet bar,dining room with built-in buffet & extra large family room with fireplace. The master suite is separatefrom other bedrooms with screened security doors that lead to a private courtyard with sounds of a pond.

Listed with Arizona Premier Realty Homes & Land, 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/!


$1,195,000 :: 10235 E COCHISE Drive, Scottsdale AZ, 85258

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4 beds, 3 baths
Home size: 3,300 sq ft
Lot Size: 11,761 sq ft
Added: 10/15/18, Last Updated: 10/15/18
Property Type: Single Family
MLS Number: 5833540
Community: SCOTTSDALE RANCH 8 LOT 1-14 TR
Tract: SCOTTSDALE RANCH 8 LOT 1-14 TR
Status: Active


Serene LAKESIDE property located in prestigious Scottsdale Ranch for the discerning buyer who is looking for a different lifestyle! Live as if you are on vacation in this premium home w/private dock just steps from your back door! This home offers a spacious updated kitchen w/granite, double ovens, natural gas cooktop, walk-in pantry overlooking family room. One bedroom/bath down along w/office. Upstairs master bdrm/sitting area w/balcony, amazing views, updated bathroom & walk-in closet. Two guest rooms plus bath also upstairs. Newer roof, hot water heater w/instant hot water, water softener, garage doors & RV gate. Wet bar/wine refrig. assists entertaining guests in your resort style backyard ... a very tropical/tranquil setting. Heated pool/firepit w/grassy area. Oasis in the desert!

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/!


$850,000 :: 10348 N 99TH Street, Scottsdale AZ, 85258

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3 beds, 3.5 baths
Home size: 3,140 sq ft
Lot Size: 11,325 sq ft
Added: 10/13/18, Last Updated: 10/13/18
Property Type: Single Family
MLS Number: 5833025
Community: SCOTTSDALE RANCH 2 LOT 1-131 T
Tract: SCOTTSDALE RANCH 2 LOT 1-131 T
Status: Active


ELEGANT REMODELED HOME IN SCOTTSDALE RANCH NEAR LAKE SERENA - Lovingly named ''Casa de la Risa'' by its owners, this 3,140-square-foot home draws you in with the curb appeal of its walnut front gate, iron front door & cantera stone. Family room & master bedroom open up to front courtyard; living room & dining room open up to backyard. Cantera fireplace in living room. Italian herringbone wood tile floors through much of home. Gourmet kitchen remodeled in 2012 w/ Wolf & KitchenAid appliances. Luxurious master bath w/ travertine & granite. Each bedroom has en-suite bath. Over $250,000 in additions & upgrades made by current owner. Enjoy walks around the lakes and parks that meander throughout Scottsdale Ranch. Close to Honor Health, MAYO, great restaurants, shopping, and more!

Listed with Keller Williams Arizona 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/!


$565,000 :: 10075 E TURQUOISE Avenue, Scottsdale AZ, 85258

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3 beds, 2 baths
Home size: 1,780 sq ft
Lot Size: 4,791 sq ft
Added: 10/12/18, Last Updated: 10/12/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5832824
Community: LAS BRISAS UNIT 1 AT SCOTTSDAL
Tract: LAS BRISAS UNIT 1 AT SCOTTSDAL
Status: Active


Stunning remodel. The old kitchen was opened up to the great room. New shaker cabinets, quartz tops, custom fixtures. Remodeled master bath features a large shower with dual heads and in floor drain. Matching cabinets and tops in both baths. Custom tile flooring. Electric fireplace with custom mantel and shiplap finish. This is a true 3 bedroom unit...the 3rd bedroom has a closet! High soaring ceilings. There are many custom touches throughout this home that you simply have to see.

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/!


$597,500 :: 9877 N 101st Street, Scottsdale AZ, 85258

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2 beds, 2 baths
Home size: 1,960 sq ft
Lot Size: 7,840 sq ft
Added: 10/07/18, Last Updated: 10/07/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5830181
Community: LAS BRISAS UNIT 1 AT SCOTTSDAL
Tract: LAS BRISAS UNIT 1 AT SCOTTSDAL
Status: Active


EXCEPTIONAL SINGLE LEVEL home in guard-gated Las Brisas! Two bdrm w/expanded den w/private heated pool/spa on large lot makes this property very special! Split bedrooms perfect for privacy. All neutral tones throughout - slab granite in kitchen, new flooring/paint makes this house shine! Gas cooking, stainless appliances, BBQ, beautiful glass walk-in shower in master. A 500 gal. buried propane tank in frontyard for gas cooktop, pool/spa. Large expanded front courtyard is exceptional & backyard is very private w/fruit trees, covered patio with heated pool/spa to enjoy all year around. NEWER POOL EQUIPMENT, A/C, ROOF AND PROPANE TANK! One of the largest lots in community. Great for entertaining. Third bedroom currently use as den/office. ONE OF A KIND - DON'T MISS OUT!

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/!


$650,000 :: 10080 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: 10/04/18, Last Updated: 10/04/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5828690
Community: LAS BRISAS UNIT 1 AT,SCOTTSDAL
Tract: LAS BRISAS UNIT 1 AT,SCOTTSDAL
Status: Active


Premium Cul-de-sac Lake View Lot in the exclusive gated community of Las Brisas in Scottsdale Ranch. Wake up every morning to your North facing 180-degree waterfront view. This is one of the only Lake View lots facing truly north. This well designed floor plan maximizes your living space with multiple sliding 8-foot doors, and high arched ceilings. This Resort style living community offers 3-community pools/spa's, 2 tennis courts and a 24-hour security.

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/!


$714,000 :: 10390 E LAKEVIEW Drive #201, Scottsdale AZ, 85258

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3 beds, 3.5 baths
Home size: 3,249 sq ft
Lot Size: 435 sq ft
Added: 07/20/18, Last Updated: 10/03/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5796544
Community: CHARTER POINT UNIT 1-36
Tract: CHARTER POINT UNIT 1-36
The price of this listing was last reduced on 10/3/2018 by 7%
Status: Active


Don't miss this rare opportunity to own a lakeside home with Mountain Views, in the desirable Charter Pointe in Scottsdale Ranch. This 3 bedrooms 3.5 bathroom townhome, has it all! An open floor plan with high vaulted ceilings allows for an inviting view of the lake and Mcdowell Mountains. Enjoy a gourmet kitchen with granite countertops, stainless steel appliances, and a center island breakfast bar. The scene is set in the great room for entertaining with a wet bar, fireplace, and views of the sunset through floor to ceiling windows. 2 Master suites, with an extended balcony off the Master, 2 car garage with attached cabinets, Scottsdale ranch community amenities.

Listed with RE/MAX Fine Properties


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


$1,199,000 :: 10158 E TOPAZ Drive, Scottsdale AZ, 85258

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3 beds, 3.5 baths
Home size: 3,561 sq ft
Lot Size: 6,969 sq ft
Added: 09/25/18, Last Updated: 09/26/18
Property Type: Single Family
MLS Number: 5825038
Community: Las Brisas
Tract: Las Brisas
Status: Active


Completely remodel,Newer roof , 2 newer AC, custom cabinetry, granite countertop,Stainless steel applicances, Solid Wood floors throughout, Private Master Suite W/Balcony, 2 Guest Suites also with Balconies. Great orientation located on the Lake Serena over looking the water and the mountain, beautiful backyard oasis,cantera stone, lush landscaping makes you feel like you are on vacation everyday....View to die for

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/!


$675,000 :: 9805 E IRONWOOD Drive, Scottsdale AZ, 85258

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4 beds, 2.5 baths
Home size: 2,656 sq ft
Lot Size: 10,890 sq ft
Added: 09/25/18, Last Updated: 09/25/18
Property Type: Single Family
MLS Number: 5824916
Community: SCOTTSDALE RANCH
Tract: SCOTTSDALE RANCH
Status: Active


Pre Foreclosure Opportunity!Seller offering upgrades of buyer choice, $70,000 expense account!!Fix Up!!Excellent Value!!!Grab it before the Bank takes it!Houses Selling in area for $800,000 plus!!

Listed with Crossroads Brokerage


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


$765,000 :: 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: 09/25/18
Property Type: Single Family
MLS Number: 5788289
Community: SCOTTSDALE RANCH 2 LOT 1-131 T
Tract: SCOTTSDALE RANCH 2 LOT 1-131 T
The price of this listing was last reduced on 9/25/2018 by 3%
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/!