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

$265,000 :: 16410 S 12TH Street #112, Phoenix AZ, 85048

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2 beds, 2 baths
Home size: 1,411 sq ft
Lot Size: 1,306 sq ft
Added: 12/05/18, Last Updated: 12/05/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5854072
Community: TOSCANA LAKESIDE CONDOMINIUMS
Tract: TOSCANA LAKESIDE CONDOMINIUMS
Status: Active


Beautiful gated community of Toscana Lakeside. Enjoy lovely waterfront and mountain views. Community pool & recreation center available, Desert Vista High School, Elementary school is in walking distance. Single story, 2 bed, 2 bath w/ all tile floors. Upgraded cabinets and kitchen island. 1 car garage, lovely patio overlooking the lake and nestled by majestic mountains. Serene Vistas to enjoy your wonderful home. Circular entry way with gorgeous granite inlay medallion. Excellent split floor plan, ground floor unit, perfect for seasonal rental, elegant downsize or first time buyer! Super Clean, well maintained, original owner. Walking distance to YMCA, 3 Major banks, restaurants, close to supermarket, hiking, biking, golf courses South Mtn Park. Make an offer before it's too late

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/!


$315,000 :: 16058 S 11TH Place, Phoenix AZ, 85048

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2 beds, 2.5 baths
Home size: 1,559 sq ft
Lot Size: 3,484 sq ft
Added: 11/15/18, Last Updated: 11/15/18
Property Type: Single Family
MLS Number: 5847226
Community: MIRALAGO AT THE FOOTHILLS LOT
Tract: MIRALAGO AT THE FOOTHILLS LOT
Status: Active


Great home on water in the gated community of Miralago in the Foothills. This home boasts water right off your back patio with amazing views! Enter through gated courtyard. High ceilings and perfect floorplan combined with neutral palette and generously sized rooms are only a few of the features you will love about this home! Large windows offer up ample natural lighting and views! A fireplace for those cool evenings and dining options are great for entertaining! The master suite has access to patio overlooking the water and provides that tranquil state of mind! There is a second master upstairs with a loft, which would make a perfect second living area or home office. Enjoy your evening meals or morning coffee while looking out on your view of the water! See this home today.

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/!


$277,500 :: 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: 11/14/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5801232
Community: TOSCANA LAKESIDE
Tract: TOSCANA LAKESIDE
The price of this listing was last reduced on 11/14/2018 by 1%
Status: Active


PRICE REDUCED.. This stunning lake front, upgraded condo is in model perfect condition. Upgrades include: honed granite kitchen counter tops, custom retractable mixer shelf in center island, staggered/crowned Alder cabinetry, Stainless steel appliances, plantation shutters, Berber carpet with upgraded pad, & Tuscan style porcelain tile,. Kitchen has alcove seating {with storage} for casual dining. Spacious formal dining and living room space. Bathrooms have tiled tub surrounds. Private front courtyard. Covered rear patio, with lake, park, & mountain views. One car garage with epoxy flooring. Included are one year old Maytag washer & dryer, & Stainless steel refrigerator. Other furniture negotiable. Gated, secured community. Pool, spa, & fitness room. Close to turn key living. 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/!


$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/!


$625,000 :: 9815 E CINNABAR Avenue, Scottsdale AZ, 85258

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3 beds, 2 baths
Home size: 2,048 sq ft
Lot Size: 10,018 sq ft
Added: 11/09/18, Last Updated: 12/14/18
Property Type: Single Family
MLS Number: 5844849
Community: SCOTTSDALE RANCH 2 LOT 1-131 TR A-E
Tract: SCOTTSDALE RANCH 2 LOT 1-131 TR A-E
Status: Active


Beautiful Remodeled Home with over 220k of Custom Upgrades. As you enter the front yard you can enjoy your private gated courtyard with Pavers and Fountain. Walk Thru the custom front door into your large great room with raised 12' Ceilings, Fireplace and 24' tile Flooring. Kitchen features imported German Contemporary cabinets with pull outs and granite counters with Island and stainless appliances. Master bedroom has a bay window with a walk in closet separate travertine shower and tub. Large Backyard has pool and spa with fountains and with gazebo and lush landscaping and garden areas with a covered patio and pavers.

Listed with Keller Williams Realty East Valley


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


$1,149,000 :: 10147 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: 12/08/18, Last Updated: 12/08/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5855521
Community: LAS BRISAS UNIT 3 AT SCOTTSDALE RANCH 241-263 A1
Tract: LAS BRISAS UNIT 3 AT SCOTTSDALE RANCH 241-263 A1
Status: Active


Turn-key waterfront Hacienda! Front gated courtyard leads to Custom Wrought Iron front door. Interior features include beautiful wood flooring, saltillo tile flooring, fireplace in living room, wrought iron railing for staircase and upstairs curved balcony and family room area, vaulted beamed ceilings, custom lighting and built-in niches for artwork. Entertainers' kitchen bodes fireplace, granite countertops and wet-bar with passthrough to outdoor bar and seating area. Relaxed lakefront living with expansive wrap-around stone patio, new gas BBQ and lush landscaping leading to the boat dock. Two large storage areas in the 2 car garage. Guard gated community with 2 tennis courts and 3 pools/spas. Easy access to 101, restaurants and shopping.

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/!


$799,000 :: 10086 E Cochise Drive, Scottsdale AZ, 85258

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2 beds, 2 baths
Home size: 2,179 sq ft
Lot Size: 8,276 sq ft
Added: 12/06/18, Last Updated: 12/07/18
Property Type: Single Family
MLS Number: 5854397
Community: Island at Scottsdale Ranch
Tract: Island at Scottsdale Ranch
Status: Active




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/!


$840,000 :: 10508 N 97TH Street, Scottsdale AZ, 85258

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4 beds, 2.5 baths
Home size: 3,259 sq ft
Lot Size: 13,503 sq ft
Added: 12/05/18, Last Updated: 12/06/18
Property Type: Single Family
MLS Number: 5854109
Community: SCOTTSDALE RANCH 1 LOT 1-105 TR A-C
Tract: SCOTTSDALE RANCH 1 LOT 1-105 TR A-C
Status: Active


A rare opportunity in Scottsdale Ranch! Positioned in a cul-de-sac, on an inside lot, high ceilings 4 bed or 3 bed/den split master, one story family home. Spacious inter-leading reception areas w/ floor to ceiling fireplace & wet-bar, allows this home to be fabulous for entertaining. The master suite includes sitting area & exquisitely redone master bath, w/double vanities & huge 'no-step' shower overlooking tree-lined backyard. The eat-in kitchen w/custom cabinetry & high-end appliances opens to impressive entertainer's patio, resort like backyard w/pool & spa, . Special features include: new roof, dual pane Pella Windows thru-out, whole house industrial H2O filtration, 3yr young HVACs, newer paint, carpets, spa heater and new pool heater.

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 :: 10076 E Turquoise Avenue, Scottsdale AZ, 85258

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2 beds, 2 baths
Home size: 1,654 sq ft
Lot Size: 6,969 sq ft
Added: 11/29/18, Last Updated: 11/29/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5852149
Community: Las Brisas
Tract: Las Brisas
Status: Active




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/!


$550,000 :: 10081 E TURQUOISE Avenue, Scottsdale AZ, 85258

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2 beds, 2 baths
Home size: 1,800 sq ft
Lot Size: 5,662 sq ft
Added: 11/23/18, Last Updated: 11/29/18
Property Type: Condo/Townhouse/Co-Op
MLS Number: 5850095
Community: Las Brisas
Tract: Las Brisas
The price of this listing was last increased on 11/29/2018 by 5%
Status: Active




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/!


$1,200,000 :: 10304 N 101ST Street, Scottsdale AZ, 85258

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3 beds, 2.5 baths
Home size: 2,993 sq ft
Lot Size: 7,405 sq ft
Added: 10/24/18, Last Updated: 11/26/18
Property Type: Single Family
MLS Number: 5837835
Community: ISLAND AT SCOTTSDALE RANCH LOT
Tract: ISLAND AT SCOTTSDALE RANCH LOT
The price of this listing was last reduced on 11/26/2018 by 4%
Status: Active


Absolutely stunning lakefront property on one of the most coveted locations in Scottsdale Ranch. Lake views and sunsets that will take your breath away every single day. This beautifully renovated home is perfect for entertaining with it's large kitchen, two eating areas and a bar that look out to Lake Serena. This meticulously maintained property showcases large windows that frame picturesque views of your private pool, spa, boat dock and lake. Master and two additional bedrooms are on the upper level. The master suite boasts amazing views and has an enclosed separate office/library off the bedroom. Simply extraordinary lake living in the desert. Pontoon boat comes with house. ADOM is incorrect, please use only CDOM.

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/!


$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: 11/25/18
Property Type: Single Family
MLS Number: 5834509
Community: SCOTTSDALE RANCH 1 LOT 1-105 T
Tract: SCOTTSDALE RANCH 1 LOT 1-105 T
Status: Conditional


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/!


$897,500 :: 10193 E BAYVIEW Drive, Scottsdale AZ, 85258

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3 beds, 2.5 baths
Home size: 2,328 sq ft
Lot Size: 8,712 sq ft
Added: 11/21/18, Last Updated: 11/21/18
Property Type: Single Family
MLS Number: 5849690
Community: LANDINGS AT SCOTTSDALE RANCH 1
Tract: LANDINGS AT SCOTTSDALE RANCH 1
Status: Active


Immaculate WATERFRONT home beautifully upgraded inside and out! Calvis Wyant built, this is one-of-a-kind floor plan as it was expanded. Open floor plan flows seamlessly throughout w/a great room open to dining/kitchen. Two secondary bdrms split from master (1 currently used as office). Charming gated front courtyard welcomes guests. Classy & tasteful w/an ambience that captures you at the front door! Fabulous iron door, wood flooring, wood beamed ceilings, upgraded kitchen to include Dacor double ovens, 5 burner GAS cooktop, 2 drawer cooler for drinks, Bosch dishwasher, large island for entertaining & much more! Floor to ceiling windows display expansive views of lush landscaping & southerly views of Lake Serena. Beautifully maintained residence for someone wanting immediate move-in.

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/!


$679,000 :: 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: 11/14/18
Property Type: Single Family
MLS Number: 5790319
Community: SCOTTSDALE RANCH
Tract: SCOTTSDALE RANCH
The price of this listing was last reduced on 9/10/2018 by 1%
Status: Active


Master-down Scottsdale Ranch residence with nearly 1/3 Acre lot in the prized Haciendas del Lago neighborhood. Resort style yard with lots of room for kids and dogs to run and privacy., 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. Heated PebbleTec Pool. Just 3 Homes from Lake Serena public dock; blocks to Community Center, all types of shopping, restaurants; Laguna Elementary and excellent schools,both public and charter. Minutes to 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/!