Adjacent to the Ahwatukee foothills you’ll find the city of Phoenix’s largest residential lake that features over 170 waterfront properties. These lakefront lots that welcome boaters are situated on 38 acres of water on two residential lakes. With the recent extension of the loop 202 South Mountain freeway, access to the east valley, Sky Harbor airport and central Phoenix is that much easier.
Just 5 miles west of the I-10 Interstate is a 6 acre lake set back in the Ahwatukee Foothills and surrounded by three waterfront communities; Toscano Lakeside, San Simeon Condos, and Miralago at the Foothills. These communities are within walking distance of Desert Foothills Park and the Foothills Golf Club, and just over a mile east of Club West Golf Club. Less than a mile to the south is Pecos Road which offers great accessibility to the 202 and I-10. They are found within the highly rated Kyrene Elementary School District and Tempe Union High School District boundaries.
The Lakewood waterfront community is at the entrance to the Ahwatukee Foothills of Phoenix. Ahwatukee has been considered by some as the world’s largest cul-de-sac. You can enter via Ray, Chandler Blvd., or Pecos and those are also the streets by which you will exit. This highly desireable area and community is only 2 miles from the I-10 and loop 202 freeway. Another advantage is Kyrene de los Lagos Elementary is located within this 1 square mile development.
Market analysis & trends of waterfront homes
Now that we’ve finished up with the 1st quarter of 2009, it is a good opportunity to review what transpired during the first 90 days of 2009 for waterfront homes for the southeast valley, including Chandler, Gilbert, Tempe, Sun Lakes, and the Ahwatukee Foothills. The data is from the Arizona Regional MLS for waterfront property. I used waterfront information for the 1st quater 2008 , 4th quarter 2008, and 1st quarter 2009. I only used sales of single family homes.
Lakefront property nestled in the Ahwatukee Foothills of Phoenix
Bordered by south mountain park to the north, Ahwatukee was annexed by the city of Phoenix between 1978 and 1987. However, this unique community prides itself on it’s own identity even though it may have a Phoenix address. The 35 sq. mile Ahwatukee Foothills community has even had it’s own newspaper, the Ahwatukee News for over 30 years. Once you drive through, you’ll realize that it is unique and different from any other Phoenix suburb.