Monaco Condominiums Homes For Sale — Tucson, AZ
East Tucson's Most Accessible Address — Starting Under $100K
Monaco Condominiums delivers what most east-side buyers assume doesn’t exist anymore: a walkable location near two major hospitals, Trader Joe’s, and The Loop trail system — at a price point that starts under six figures. This 266-unit community at Wilmot Road between Speedway and Grant puts residents within a 5-minute drive of Park Place Mall, Trail Dust Town, and the Udall Regional Park recreation complex. Whether you’re a first-time buyer, an investor looking for rental income, or a medical professional who wants a short commute to TMC or St. Joseph’s Hospital, Monaco is one of the few communities in the 85712 zip code where entry-level pricing meets genuine east-side convenience.
Walking Distance to Hospitals, Shopping & The Loop
Monaco Condominiums sits at 1620 N Wilmot Road, one of east Tucson’s busiest north-south corridors. The complex is positioned between Speedway Boulevard to the south and Grant Road to the north — two of the city’s primary east-west arteries. That intersection puts TMC Healthcare barely a mile south on Wilmot, and St. Joseph’s Hospital less than a mile and a half in the same direction. For anyone working in Tucson’s medical corridor, the commute is measured in minutes, not miles.
Map of the Famous Tucson Loop
Living in Monaco Condominiums: Affordable Condo Living on Tucson's Medical Corridor
Monaco attracts a mix of first-time homebuyers, healthcare workers, investors, and downsizers looking for an affordable east-side foothold without sacrificing location. The community skews practical — this isn’t a luxury resort complex, and it doesn’t pretend to be. It’s a well-located condo community where the monthly costs are transparent, the HOA handles the exterior headaches, and the price of entry is among the lowest on Tucson’s east side.
The community spans 14 two-story buildings containing 266 units ranging from studios at 500 square feet to three-bedroom floorplans at 1,182 square feet. Architecture is classic 1980s Tucson stucco-over-wood-frame construction. Each unit comes with one assigned parking space (some buildings include carport coverage, others do not). Units are individually metered for electricity, while the HOA covers water, sewer, and trash as common expenses. One thing buyers should know: there is no in-unit laundry — Monaco uses shared coin-operated laundry rooms spread throughout the property.
What sets Monaco apart from other entry-level condos is the scope of what the HOA handles. The association maintains all building exteriors, roofs, stairways, landings, structural elements of patios and balconies, carport structures, all parking areas and private drives, landscaping, irrigation, exterior lighting, the clubhouse, community pools, and laundry facilities. That’s a broader maintenance umbrella than many buyers expect from a condo in this price range — and it’s a significant part of the value proposition for owners who don’t want to manage exterior repairs.
Monaco offers two community swimming pools (open 7:00 AM to 9:00 PM daily, key access required), a clubhouse, and community barbecue grills positioned throughout the property. Personal barbecues and open-flame cooking devices are prohibited on balconies and patios per Tucson Fire Code — so the shared grills aren’t just a perk, they’re a necessity. Sun Tran bus service runs along both Wilmot and Speedway, providing direct transit access to the University of Arizona and downtown Tucson.
It’s worth noting that Monaco’s governing documents were re-recorded in July 2024 under current management by Vision Community Management, which took over following an earlier receivership period. The 2024 re-recording of the CC&Rs and bylaws, combined with the updated maintenance matrix and design guides, signals that the community’s governance infrastructure has been modernized and stabilized.
Monaco Condominiums Real Estate Market & Homes
Recent Market Activity for Monaco Condominiums
Monaco Condominiums is a 1980s-era condominium community with stucco and wood-frame construction typical of that period in Tucson. The 14 buildings house a variety of floorplans, from compact studios at 500 square feet to spacious three-bedroom units at 1,182 square feet. Architectural style is straightforward and functional — flat or low-slope roofs, exterior stairways to second-floor units, and private patios or balconies on each unit.
Over the last 12 months, 17 units have closed with a median sale price of $96,000 (roughly $138 per square foot). The lowest sale was a 500-square-foot studio at $70,000, while the highest was a 1,182-square-foot three-bedroom at $146,000. The average list-to-sold ratio sits at 95.35%, meaning most units are selling below list price — a signal that pricing accuracy matters in this community. Median days on market came in at 56 days, which is longer than the Tucson metro average and reflects the investor/first-time buyer audience that dominates this price range.
For investors, Monaco’s rental-friendly policies (30-day minimum lease, no short-term rentals) and price-to-rent ratios make it one of the more viable cash-flow plays on the east side. Monthly HOA assessments range from $201 to $476 depending on unit size — a meaningful carrying cost that buyers need to factor into their numbers, but one that covers an unusually broad list of maintenance items.
Recent Market Activity:
- Average sold price: $101,347 — down approximately 6% from original list
- Median sold price: $96,000 at $138/sq ft
- Price range: $70,000 (studio) to $146,000 (3-bed)
- 12-month volume: $1,722,900 across 17 sales
- Average days on market: 79 DOM / 92 CDOM
Curious about the current value of your home in Monaco Condominiums? Reach out to Blaine Bond for a hassle-free valuation. Or, if you are wondering how the broader market is performing, check out our latest Tucson Housing Market Report.
Market Data Last Updated: March 26, 2026 | “DOM” = Days on Market
Monaco Condominiums 12 Month Sold Data 2026
| Monaco Condominiums | Bdrms | Baths | Sq. Ft. | Original List Price | List Price | Sold Price | List Price per SqFt | Sold Price per SqFt | Sold / List Ratio | Sold / Original List Ratio | DOM / CDOM | Price Change $ |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Average | 1.2 | 1.4 | 747 | $109,841 | $106,353 | $101,347 | $146 | $140 | 95.35% | 92.74% | 79 / 92 | $-7,413 (-5.98%) |
| Median | 1 | 1 | 672 | $99,000 | $98,000 | $96,000 | $146 | $138 | 97.46% | 94.44% | 56 / 62 | $-9,100 (-6.4%) |
| Low | 0 | 1 | 500 | $79,900 | $79,900 | $70,000 | $92 | $80 | 83.48% | 73.85% | 5 / 5 | $-25,100 (-20.08%) |
| High | 3 | 2 | 1,182 | $162,000 | $149,800 | $146,000 | $191 | $176 | 102.86% | 112% | 265 / 265 | $20,000 (16%) |
| Volume | - | - | - | $1,867,300 | $1,808,000 | $1,722,900 | - | - | - | - | - | - |
| Listings | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 8 |
The following market statistics and HOA data represent a (03.2025-03.2026) snapshot of recorded activity from the Tucson Multiple Listing Service and applicable association records. This data is updated periodically to reflect the most recent local trends. While all information—including sales averages, assessments, and fees—is deemed reliable, values fluctuate based on market timing. For real-time pricing, current HOA bylaws, or a specific property valuation, please Contact Blaine Bond directly.
How to Find Monaco Condominiums
Monaco Condominiums is located at 1620 N Wilmot Road, between Speedway Boulevard and Grant Road on Tucson’s east side.
- From Speedway & Wilmot: Head north on Wilmot Road approximately 0.5 miles. The entrance to Monaco Condominiums will be on the west (left) side of Wilmot.
- From Grant & Wilmot: Head south on Wilmot Road approximately 0.7 miles. The entrance will be on the west (right) side of Wilmot.
Monaco is approximately 4 minutes from TMC Healthcare on Wilmot Road heading south — no freeway required.
Monaco Condominiums Schools & Education
Monaco Condominiums falls within the Tucson Unified School District (TUSD). Schools commonly associated with this address include:
- Elementary: Hudlow Elementary School
- Middle: Booth-Fickett Math/Science Magnet (PK–8)
- High: Palo Verde High Magnet
School boundaries can change — verify your specific address at the Pima County school boundary portal.
University High School, frequently ranked among the top public high schools in the nation, is located 2.3 miles from Monaco within the TUSD system.
For interactive school district maps and neighborhood-specific searches, visit our Tucson School Districts Guide.
Monaco Condominiums — Frequently Asked Questions
Yes. Monaco Condominiums is managed by Vision Community Management. Monthly assessments range from $201.20 to $475.64 based on your unit’s square footage. For questions about current assessments or HOA policies, Contact Blaine Bond.
Monaco is one of the most affordable condo communities on Tucson’s east side, and the location is hard to beat — less than 2 miles from two major hospitals, within walking distance of Trader Joe’s, and minutes from Park Place Mall, Udall Regional Park, and The Loop trail system. It’s best suited for first-time buyers, healthcare professionals, investors, and anyone who prioritizes location and low entry cost over luxury finishes.
Monaco is a 266-unit condo community spread across 14 two-story buildings. The vibe is practical and community-oriented — not resort-style. Units range from studios to three-bedrooms. Amenities include two pools, a clubhouse, shared laundry facilities, and community barbecue grills. The HOA handles all exterior maintenance, roofs, landscaping, and common areas.
Monaco Condominiums is in the 85712 zip code — one of east Tucson’s most centrally located zip codes.
No. The CC&Rs prohibit transient, hotel-type use, home-sharing, and time-sharing arrangements. The minimum lease term is 30 consecutive days. Landlords must submit a Rental Registration Form and $25 fee for each new tenant move-in and each lease renewal.
Monthly assessments are based on unit square footage, ranging from $201.20 (500 sf) to $475.64 (1,182 sf) in 2026. Dues cover building exteriors, roofs, stairways, structural patio/balcony elements, all parking areas, carport structures, landscaping, irrigation, exterior lighting, community pools, clubhouse, laundry rooms and equipment, water, sewer, and trash. Electricity is separately metered and paid by each owner.
Yes. The CC&Rs require a Reserve Contribution Fee equal to two months of the unit’s current assessment, paid by the buyer at closing. For example, a 672 sf unit with a $270.41 monthly assessment would owe approximately $540.82 at transfer.
Pets are allowed, but the public governing documents contain a conflict: the CC&Rs permit up to two dogs regardless of size, while the community Rules & Regulations appear to impose a 20-pound weight limit per pet. We recommend verifying the current enforceable pet policy with management before purchasing. Dogs must be leashed at all times on property, and dangerous or vicious breeds are prohibited. Contact Blaine Bond for current pet policy details.
No. Trailers, boats, campers, RVs, mobile homes, commercial vehicles over one ton, and oversized vehicles (including limousines) are prohibited on the property. Vehicles parked in fire lanes can be towed without notice with fines up to $500.
All exterior modifications require written Board approval before work begins. Owners must submit detailed plans including materials, colors, dimensions, and location. The Board has 30 days to respond. No window A/C units may be installed without prior approval. No holes or punctures may be made in exterior stucco. The Patio & Balcony Design Guide specifies approved sunshade brands/colors and limits storage to two 30-gallon bins maximum.
The HOA maintains all building exteriors, roofs, exterior stairways and landings, structural elements of patios and balconies, perimeter walls and fences, private drives and parking areas, covered parking structures and carports, landscaping and irrigation, exterior lighting, the clubhouse, both community pools, and all laundry rooms and equipment. Owners are responsible for everything inside the unit boundaries, plus doors, windows, HVAC equipment, and patio/balcony surface maintenance.
No. Personal barbecues, open-flame cooking devices, propane tanks, charcoal grills, and hibachis are all prohibited on patios and balconies per Tucson Fire Code. Community barbecue grills are provided throughout the property for resident use.
Yes — Monaco has two community pools open daily from 7:00 AM to 9:00 PM. Key access is required. Residents may bring up to two guests, and children under 16 must be accompanied by an adult. No diving, no glass, no pets in the pool area.
No. Monaco uses shared coin-operated laundry rooms located throughout the community. The HOA maintains the laundry equipment.
Each unit has one assigned parking space. Some buildings include carport coverage; others do not. There is no guest parking pass system — visitors use non-designated spaces and must comply with community rules. Head-in parking is required. The speed limit is 10 mph throughout the property.
HOA Documents for Monaco Condominiums
Monaco Condominiums operates under recorded governing documents that guide property standards, architectural changes, and association operations. Monaco has one of the more comprehensive public document libraries of any condo community in Tucson. Core documents include:
- Declaration of Covenants, Conditions & Restrictions (CC&Rs)
- HOA Bylaws
- Articles of Incorporation
- Rules & Regulations
- Architectural Application
- Maintenance Matrix
- Patio & Balcony Design Guide
- Pool Rules
- Enforcement Policy
- Collection Policy
- Rental Registration Form
- Insurance Certificate
Governing documents may be updated periodically. For the most current versions, buyers should request a full resale disclosure package. Have questions about Monaco’s CC&Rs, architectural standards, or HOA policies? Contact Blaine Bond — we can help you navigate the details before you buy.
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