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1001 E CAROLINE Lane, Tempe, AZ, 85284

6beds
7baths
9,031sqft
$2,999,000
$332price/sqft
$17,959/moest. monthly cost
$718,360/yrincome needed

About This Home

Sweet Caroline... good times really do seem so good here. Welcome to 1001 E Caroline Ln, a one-of-a-kind estate where luxury living, timeless character, and Arizona's signature indoor-outdoor lifestyle come together on a prime 1+ acre corner lot in Tempe's coveted Corona Vista community. Tucked away on a quiet cul-de-sac with no HOA and horse privileges, this property offers a rare blend of privacy, space, and convenience. From the moment you step inside, the home makes a statement. Soaring wood-beamed ceilings, skylights, and two dramatic disappearing glass walls flood the open living spaces with natural light and create a seamless connection to the outdoors. Every space was designed with entertaining and everyday living in mind. The chef's kitchen is truly built for gathering, featuring fired sandstone and granite countertops, stainless steel appliances, an oversized island, butler's pantry, two Sub-Zero refrigerators, two dishwashers, and double washer/dryer sets for added convenience. The expansive primary suite serves as a private retreat with dual walk-in closets and a beautifully renovated spa-inspired bathroom. A junior suite, dedicated office, and mudroom complete the main level. Upstairs, you'll find three additional junior suites with bay windows and plush carpeting, including one with its own private staircase, perfect for guests or multigenerational living. The finished basement offers endless flexibility with space for a gym, media room, game room, additional bedroom and bath, plus abundant storage. The backyard is where this home truly shines. Designed for year-round enjoyment, the resort-style outdoor space includes a private 4-hole putting green, saltwater diving pool with Baja step and water feature, in-ground spa, sports court, gas fire pit, misting system, dog run, artificial turf, and an expansive covered patio complete with a gas-fired pizza oven. Whether hosting a crowd or enjoying a quiet Arizona evening, every detail was thoughtfully designed to elevate the experience. Control4 smart-home automation ties it all together, offering effortless comfort and convenience throughout the property. This is more than a home. It's a private resort, an entertainer's dream, and a place where unforgettable memories are made.

Getting Around

28
WalkingCar-Dependent
32
TransitSome Transit
36
BikeSomewhat Bikeable

Schools

8/10
Kyrene del Cielo SchoolGrades PK-50.5 mi
5/10
8/10

Construction

Condition

  • Year built: 1986

Materials

  • Roof: Composition
  • Construction materials: Brick Veneer,Wood Frame,Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dryer,Washer,Water Softener Owned,Refrigerator,Built-in Microwave,Dishwasher,Disposal,Gas Range,Gas Cooktop,Water Purifier
  • Laundry features: Inside

Basement

  • Has basement: Yes
  • Basement: Finished,Full

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 7
  • Full bathrooms: 7

Features

  • Pantry,Smart Home,Granite Counters,Double Vanity,Master Downstairs,9+ Flat Ceilings,Central Vacuum,Vaulted Ceiling(s),Kitchen Island,Full Bth Master Bdrm,Separate Shwr & Tub
  • Window features: Skylight(s)
  • Flooring: Carpet,Stone,Tile,Wood
  • Number of fireplaces: 3
  • Fireplace features: Fire Pit,Family Room,Living Room,Gas
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air,Ceiling Fan(s),Evaporative Cooling,Programmable Thmstat

Interior Area

  • Total structure area: 9,031
  • Total interior livable area: 9,031 sqft

Property

Details

  • Parcel number: 30162040

Features

  • Stories: 2
  • Private pool: Yes
  • Pool features: Outdoor Pool,Diving Pool,Fenced
  • Patio & porch: Covered
  • Exterior features: Playground,Misting System,Sport Court(s),Built-in Barbecue
  • Has spa: Yes
  • Spa features: Private
  • Fencing: Block

Lot

  • Lot size: 1.02 Acres
  • Features: North/South Exposure,Corner Lot,Cul-De-Sac,Synthetic Grass Frnt,Synthetic Grass Back

Parking

  • Total spaces: 12.5
  • Parking features: Direct Access,Storage,Electric Vehicle Charging Station(s)
  • Has garage: Yes
  • Attached garage spaces: 4.5
  • Covered spaces: 4.5
  • Has uncovered spaces: Yes
  • Uncovered spaces: 8

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveVery High
  • Inland Flooding
    Inland FloodingRelatively High
  • Hail
    HailModerate

How This Home’s Risks Compare

Heat Wave
Inland Flooding
Hail

FEMA Declared Disasters in Maricopa County and Arizona

Fire
Flood
Snowstorm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $15,164$181,968
Home Insurance $740$8,880
Property Taxes $1,099$13,188
Electricity $956$11,476
Total$17,959$215,508

Income You'd Need if You Spent...

35% on housing$615,737/yr
40% on housing$538,770/yr
45% on housing$478,906/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 1.2%
1.2%
0%15.0%
Property Taxes Growth Rate2-year average: -2.1%
-2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$332This listing

vs Other Active Listings

Avg $/sqft

ZIP 85284$336
Maricopa County$272

vs Homes Sold Last Month

Median $/sqft

ZIP 85284$312
Maricopa County$262

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-04-03Price change$2,999,000
2026-03-25Price change$3,100,000
2026-02-03Price change$3,249,000
2025-11-20Price change$3,349,000
2025-10-17Listed for sale$3,395,000
2023-08-17Sold$2,700,000
2023-07-01Pending sale$2,990,000
2023-06-08Price change$2,990,000
2023-05-17Listed for sale$3,250,000
1996-04-17Sold$635,000

For Sale by Agent

AgentEdward Durham
BrokerageCompass

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