University Estates Real Estate

Welcome to University Estates, a charming subdivision nestled in the heart of Tempe, Arizona, within the vibrant Maricopa County. This delightful community offers an ideal blend of suburban tranquility and urban convenience, making it a perfect place for families, professionals, and students alike.

University Estates is strategically located just a stone's throw away from Arizona State University, one of the largest and most prestigious universities in the nation. This proximity not only fosters a lively atmosphere but also provides residents with easy access to cultural events, educational opportunities, and a plethora of recreational activities. The local area is rich with parks, walking trails, and bike paths, making it easy to enjoy the beautiful Arizona weather year-round.

The homes in University Estates are characterized by their charming architecture, spacious layouts, and well-maintained yards, creating an inviting environment for all residents. With a diverse range of property styles, from cozy single-family homes to modern townhouses, there's something to suit every taste and budget.

Community spirit thrives in University Estates, with regular neighborhood gatherings and events that foster connections among residents. Families will appreciate the excellent local schools, while young professionals will enjoy the nearby shopping, dining, and entertainment options that Tempe has to offer.

Whether you're looking to settle down or invest in a property, University Estates is an exceptional choice. Experience the perfect balance of comfort, convenience, and community in this lovely Tempe neighborhood!

Newest Listings in University Estates

$925,000

4 Beds ⋅ 3 Baths ⋅ 7048679 MLS ⋅ ACTIVE UNDER CONTRACT Status

Nestled in one of the most sought-after and unique pockets of Tempe, this beautifully updated 4-bedroom, 3-bathroom home offers a rare blend of tranquility, charm, and timeless character. Surrounded by mature, towering trees and lush greenery, the property sits on a sprawling lot with expansive front and back yards that create a serene oasis just minutes from Arizona State University, Tempe Town Lake, and downtown Scottsdale. Step inside and you'll immediately appreciate the tasteful updates and thoughtful finishes throughout. The stylish kitchen features crisp white cabinetry, quartz countertops, stainless appliances, and an island with seating that flows effortlessly into the light-filled living spaces, anchored by a stunning stone fireplace. The spacious laundry room is a true standout -- complete with abundant cabinetry, generous counter space, and a built-in mudroom bench that makes everyday living effortless. Out back, the possibilities are endless. A separate air-conditioned workshop offers the perfect space for hobbies, projects, or a private studio, while the huge grassy yard, mature shade trees, and covered patio create an outdoor escape ideal for entertaining and evenings under the stars. And with a rare 2-car garage -- a true find in this neighborhood -- there's room for everything. It's an incredible opportunity to live in a neighborhood that offers both privacy and proximity to all the best that Tempe has to offer. Don't miss your chance to make this remarkable place your home!

115 E Encanto Drive, Tempe

Listing courtesy of Pak Home Realty.

$1,125,000

6 Beds ⋅ 4 Baths ⋅ 7047489 MLS ⋅ ACTIVE Status

Spacious and beautifully updated, this 6-bedroom, 4-bath home offers exceptional versatility in a quaint neighborhood just minutes from the ASU campus. Recent upgrades, including new AC units, provide modern comfort and peace of mind. The private backyard features a sparkling pool surrounded by mature landscaping, creating the perfect space to relax or entertain. With no HOA, you'll enjoy added flexibility and freedom. This property has generated positive cash flow as a rental, making it an outstanding investment opportunity, while its generous layout also makes it ideal for multigenerational living. A rare combination of size, location, updates, and income potential!

137 E Vista Del Cerro Drive, Tempe

Listing courtesy of Realty ONE Group.

$669,000

4 Beds ⋅ 2 Baths ⋅ 7017678 MLS ⋅ ACTIVE Status

Premier ASU Investment Opportunity! Fully renovated and move-in ready, this rare property sits on an oversized 11,000+ sq. ft. lot just minutes from Arizona State University. Ideal as a high-demand student rental, owner-occupied investment, or long-term hold. The expansive lot offers future value-add potential, including the possibility of an ADU, casita, or other improvements (buyer to verify with the City of Tempe). Conveniently located near ASU, Tempe Marketplace, Downtown Tempe, Loop 202, and Sky Harbor Airport. A unique opportunity to own a turnkey property with immediate rental appeal and long-term upside in one of Tempe's most desirable locations.

111 E Bonita Way, Tempe

Listing courtesy of eXp Realty.

$725,000

7011374 MLS ⋅ ACTIVE Status

*Motivated seller* Exceptional investment opportunity near Arizona State University with a strong rental history. Fully remodeled in 2024, this duplex features updated finishes throughout, a brand-new roof, and modern kitchens in both units with white shaker cabinets and granite countertops. Shared laundry room includes washer and dryer for tenant convenience. Both units are tenant occupied, providing immediate income. One unit is leased month-to-month, and unit 2 leased from 6/6/26-Dec 2026. Prime location near ASU supports consistent rental demand, making this an excellent option for investors, owner-occupants, or house hackers looking to expand their portfolio.

1610 S College Avenue, Tempe

Listing courtesy of Delex Realty.

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The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Griggs Group Powered by the Altman Brothers are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.