5224 S Monaco Drive
Tempe, AZ 85283
Optimist Park NW- 3 Beds
- 2 Baths
- 1,368 sqft
3 Beds
2 Baths
1,368 sqft
Local Information
-- mins to
Description
This charming single-level townhome offers a comfortable and convenient lifestyle in a prime location! Featuring 3 spacious bedrooms and 2 bathrooms, the open floor plan is perfect for relaxing and entertaining. All appliances are included, making move-in easy. Recent upgrades enhance its appeal, including new flooring, trim, kitchen and backsplash, modern kitchen appliances, updated fans and electrical systems, a RO drinking water system, upgraded closet storage in the master and bedrooms, roof recoating, window coverings, and beautifully landscaped surroundings.
The master suite boasts a large walk-in closet, providing ample storage. Enjoy the spacious south-facing patio, ideal for outdoor gatherings or tranquil mornings. Located just off I-10, with quick access to US 60, Loop 101,
The master suite boasts a large walk-in closet, providing ample storage. Enjoy the spacious south-facing patio, ideal for outdoor gatherings or tranquil mornings. Located just off I-10, with quick access to US 60, Loop 101,
5224 S Monaco Drive, Tempe, AZ 85283 is a 3 bedroom, 2 bathroom, 1,368 sqft townhouse in Optimist Park NW, built in 1975. It last sold for $349,000 on Aug 28, 2025 (3% below the $359,000 asking price). More recently, it was listed as a rental in January 2026 with an asking price of $2,149 per month. That rental listing was removed on March 22, 2026. It is currently off market. The Trulia Estimate is $345,600, with a rent estimate of $2,307/month.
Home Highlights
Parking
2 Carport Spaces
Outdoor
Patio
A/C
Heating & Cooling
HOA
$214/Monthly
Price/Sqft
No Info
Listed
180+ days ago
Home Details for 5224 S Monaco Drive
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Beds & Baths Number of Bedrooms: 3Number of Bathrooms: 2 |
Dimensions and Layout Living Area: 1368 Square Feet |
Heating & Cooling Heating: ElectricHas CoolingAir Conditioning: Central AirHas HeatingHeating Fuel: Electric |
Fireplace & Spa Spa: None |
Windows, Doors, Floors & Walls Window: Skylight(s)Flooring: Laminate, Vinyl |
Levels, Entrance, & Accessibility Stories: 1Number of Stories: 1Floors: Laminate, Vinyl |
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Exterior Home Features Roof: Built UpPatio / Porch: PatioFencing: BlockExterior: Private Yard, Storage |
Parking & Garage Number of Carport Spaces: 2Number of Covered Spaces: 2Has a CarportNo GarageParking Spaces: 2Parking: Carport |
Frontage Responsible for Road Maintenance: City Maintained RoadNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Farm & Range Not Allowed to Raise Horses |
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Cumulative Days on Market: 26 |
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Year Built Year Built: 1975 |
Property Type / Style Property Type: ResidentialProperty Subtype: TownhouseArchitecture: Spanish |
Building Construction Materials: Stucco, Wood Frame, PaintedAttached To Another Structure |
Property Information Parcel Number: 30101916 |
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Price List Price: $359,000 |
Status Change & Dates Off Market Date: Thu Jul 03 2025Possession Timing: Close Of Escrow |
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MLS Status: Closed |
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Direction & Address City: TempeCommunity: Knoell Ville Monaco |
School Information Elementary School: Fuller Elementary SchoolElementary School District: Tempe School DistrictJr High / Middle School: Fees College Preparatory Middle SchoolHigh School: Marcos De Niza High SchoolHigh School District: Tempe Union High School District |
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Building Details Builder Name: Knoells homes |
Building Area Building Area: 1368 Square Feet |
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HOA Fee Includes: Insurance, Maintenance Grounds, Street MaintHOA Name: Ville MonacoHOA Phone: 480-820-1519Has an HOAHOA Fee: $214/Monthly |
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Lot Area: 2592 sqft |
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Listing Terms: Conventional, FHA, VA Loan |
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Business Information Ownership: Fee Simple |
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Mls Number: 6875006 |
Last check for updates: about 4 hours ago
Listed by John H Reckard, (480) 203-9008
Realty ONE Group
Kristi Reckard, (480) 650-5525
Realty ONE Group
Bought with: John H Reckard, (480) 203-9008, Realty ONE Group
Co-Buyer's Agent: Kristi Reckard, (480) 650-5525, Realty ONE Group
Source: ARMLS, MLS#6875006

All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Price History for 5224 S Monaco Drive
| Date | Price | Event | Source |
|---|---|---|---|
| 03/22/2026 | $2,149 | ListingRemoved | Zillow Rentals |
| 01/25/2026 | $2,149 | Listed For Rent | Zillow Rentals |
| 08/28/2025 | $349,000 | Sold | ARMLS #6875006 |
| 07/03/2025 | $359,000 | Pending | ARMLS #6875006 |
| 06/27/2025 | $359,000 | PendingToActive | ARMLS #6875006 |
| 06/23/2025 | $359,000 | Pending | ARMLS #6875006 |
| 06/03/2025 | $359,000 | Listed For Sale | ARMLS #6875006 |
| 04/13/2021 | $272,000 | Sold | ARMLS #6201398 |
| 03/14/2021 | $295,000 | Pending | ARMLS #6201398 |
| 03/09/2021 | $295,000 | PriceChange | ARMLS #6201398 |
| 03/02/2021 | $305,000 | Listed For Sale | ARMLS #6201398 |
| 05/27/1999 | $99,500 | Sold | N/A |
Market trends in Tempe
Last updated May 2026
Avg. sale price
$458K
$7KMoM
Sale-to-List Price
98.3%
Price per sq ft
$289
$1MoM
Available listings
535
14MoM
Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $1,396 |
| Assessment | $288,300 |
Home facts updated by county records
Comparable Sales for 5224 S Monaco Drive
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.23 | Townhouse | $349,000 | 12/10/25 | 3 | 2 | 1,330 | |
0.24 | Townhouse | $339,000 | 01/06/26 | 3 | 2 | 1,330 | |
0.04 | Townhouse | $324,500 | 03/05/26 | 3 | 2.5 | 1,750 | |
0.24 | Townhouse | $375,000 | 09/02/25 | 3 | 2 | 1,539 | |
0.03 | Townhouse | $230,000 | 03/31/26 | 3 | 2.5 | 1,750 | |
0.47 | Townhouse | $357,000 | 12/09/25 | 3 | 2 | 1,544 | |
0.45 | Townhouse | $352,500 | 08/21/25 | 3 | 2 | 1,565 | |
0.28 | Townhouse | $439,900 | 05/27/26 | 3 | 2 | 1,539 | |
0.40 | Townhouse | $350,000 | 07/06/26 | 2 | 2 | 1,371 |
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