Welcome to The Lakes, Tempe, Arizona: The Premier Waterfront Oasis

The Lakes is a unique, mature master-planned waterfront community located in the energetic heart of Tempe. Built primarily in the 1970s, it is known as an "oasis in the desert" for its expansive man-made lakes and dense greenbelts. As an Associate Broker with over 20 years in the Valley, I recognize The Lakes for its rare "small-town" atmosphere within an established urban environment—providing a distinct lifestyle centered on private boating and waterfront tranquility.

Waterfront Architecture and Oasis Living

Housing in The Lakes offers a diverse selection of single-family residences, townhomes, and condos, with architecture ranging from classic ranch-style to Mediterranean villas. The neighborhood is characterized by its mature, nearly 50-year-old landscaping and properties that often feature dramatic waterfront views and private docks for electric pontoons and kayaks. Because the community was designed as a sanctuary, many properties prioritize private courtyards and large windows that emphasize the "permanent vacation" feel unique to Central Tempe.

Social Infrastructure and Strategic Location

Lifestyle is anchored by the private Beach and Tennis Club, featuring a junior Olympic-size pool, high-standard pickleball courts, and a vibrant social calendar of lakeside events. Residents enjoy an urban-suburban mix with immediate access to Arizona State University and the tech corridors of Tempe Town Lake. Families are served by the Tempe Union High School District, with students attending Marcos de Niza or nearby top-rated academies. Its central location ensures a fast 21-minute average commute to the professional hubs of the broader Phoenix Metro.

The Lakes Property & Logistics FAQ

1. What is the overall "Lock and Leave" and rental market like?
The Lakes remains a "Blue Chip" for the professional rental market due to its proximity to tech hubs and ASU. Broker’s Bonus: The community typically enforces a 30-day minimum lease to protect its quiet, residential character. If you're an investor, the 63% owner-occupancy rate is a massive indicator of neighborhood pride and stability, making waterfront models a remarkably resilient equity play.

2. Is this community located within a primary flight path?
The Lakes is situated south of the main arrival corridors for Phoenix Sky Harbor. Broker’s Bonus: While you will experience typical urban flight patterns, you are outside the highest-decibel noise contours. I'll provide the 2026 noise map overlays for specific lots so we can verify the ambient levels before you commit to a waterfront position.

3. Are the properties in this area on public sewer or private septic?
Every home within The Lakes is connected to the City of Tempe public sewer system. Broker’s Bonus: Given the 1970s vintage, I always perform a sewer scope as part of our standard due diligence. Because these are municipal lines, you avoid the periodic pumping and certification costs associated with the private septic systems found in outlying rural pockets.

4. What is the general "Year Built" range for homes in this subdivision?
The majority of construction occurred between 1971 and 1978. Broker’s Bonus: This era means we look specifically for aluminum wiring or aging cast iron plumbing. I have a specialized 2026 inspection protocol for The Lakes that targets these specific mechanical life-cycles to ensure your "oasis" doesn't hide legacy infrastructure surprises.

5. Does the community allow for short-term rentals (STRs)?
The Lakes Community Association (LCA) maintains strict residential standards, and Tempe's 2026 ordinances require proper licensing for any rental. Broker’s Bonus: The 30-day lease minimum is the shield that keeps this from becoming a "party-house" destination. This ensures a consistent neighbor profile, which is why property values here have historically remained more stable than in high-turnover neighborhoods.

About Brent Hammonds
Call/Text Brent Hammonds, Associate Broker & REALTOR® with HomeSmart Real Estate at 602-717-3219 — helping Greater Phoenix buyers and sellers since 2002.