1027 S SIESTA Lane, Tempe, AZ 85281

$605,000
Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 1,912 Lot Size (sq. ft.): 8,320 Status: Closed
Current Price: $605,000 Last Modified: 3/19/2026

Overview

Description

Turnkey, proven cash flowing short term rental in the heart of Tempe with immediate income and family ready flexibility. The layout, location, and setup allow a buyer to generate income from day one or transition the property for full time family living without compromise. Fully remodeled just over three years ago with new HVAC system, new tankless water heater, new appliances, and a brand new PebbleTec pool with new pool heater. Private backyard designed for entertaining and strong guest demand. Open concept layout with multiple gathering spaces. Minutes from ASU, Downtown Tempe, Old Town Scottsdale, and Sky Harbor Airport. Located in a high growth corridor with ongoing redevelopment supporting long term demand.

Supplements: Furnishings can be included in the sale, allowing a buyer to step into cash flow operations from day one if desired or transition easily to family living. This is a rare opportunity to own a property that delivers immediate income potential and long term lifestyle and appreciation in one of Tempe's most desirable locations.

Listing Details MLS# 6966893

Location, Tax & Legal

House Number
1027
Compass
S
Street Name
SIESTA
St Suffix
Lane
City/Town Code
Tempe
State/Province
AZ
Zip Code
85281
Zip4
4819
Country
US
County Code
Maricopa
Assessor Number
132-72-059
Subdivision
Escalante
Tax Year
2023

Contract Information

Type
Exclusive Agency
Ownership
Fee Simple
Co-Ownership (Fractional) Agreement YN
No

General Property Description

Dwelling Type
Single Family Residence
Dwelling Styles
Detached
Exterior Stories
Yes
# of Interior Levels
Yes
# Bedrooms
4
Full Bathrooms
2
Total Bathrooms
2
Approx SQFT
1912
Price/SqFt
316.42
Horses
N
Builder Name
Unknown
Year Built
1958
Lead Based Hazard Disclosure
Yes
Approx Lot SqFt
8320
Approx Lot Acres
0.191
Flood Zone
No
Community Pool Y/N
No
Private Pool Y/N
Yes
Fireplace YN
Yes
Fireplaces Total
Yes
Elementary School District
Tempe School District
High School District
Tempe Union High School District
Elementary School
Flora Thew Elementary School
Jr. High School
Connolly Middle School
High School
McClintock High School

Remarks Misc

Directions
Head south on S Lola Ln toward E Howe Ave, Turn left onto E Howe Ave, Destination will be on the left.

Status Change Info

Off Market Date
2026-03-07
Under Contract Date
2026-01-22
Close of Escrow Date
2026-03-18

Legal Info

Township
1N
Range
4E
Section
24
Lot Number
18

More Information

Basement

Basement Y/N
N

Parking Spaces

Slab Parking Spaces
2

Showing Notification Methods

Showing Service
Aligned Showings

Sold Info

Loan Type
Conventional
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Special Listing Cond: N/A Building Style: String Master Bathroom: 2 Master Baths Fireplace Features: Fireplace Family Rm Flooring: Vinyl Private Pool Features: Heated; Play Pool Spa: None Dining Area: Formal; Breakfast Bar Kitchen Features: Electric Cooktop; Disposal; Built-in Microwave; Refrigerator; Pantry; Laminate Counters Laundry: Washer Included; Dryer Included Other Rooms: Family Room; Great Room; Bonus/Game Room Exterior Features: Covered Patio(s); Patio; Pvt Yrd(s)/Crtyrd(s) Construction: Block Const - Finish: Stucco Construction Status: Complete Spec Home Roofing: Composition Cooling: Other Heating: Electric Utilities: SRP; SW Gas Water Source: City Water Sewer: Sewer - Public Fencing: Block Landscaping: Gravel/Stone Front; Gravel/Stone Back; Synthetic Grass Frnt; Synthetic Grass Back Lockbox Type: See Private Remarks Possession: Close of Escrow Association Fee Incl: No Fees Existing 1st Loan: Conventional New Financing: Cash; Conventional Disclosures: None
IDX
Listing Office: Arizona Resource Realty
Office Phone: 928-474-2550
Office Email: resourceaz@yahoo.com
Last Updated: March - 19 - 2026
Broker Attribution: Tamra.Lee.Ulmer@ResourceAZ.com

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