Lakeside 21 is located within the 625-acre master planned community known as Lakewood, which is in the Ahwatukee area between 32nd Street and 40th Street and Chandler Boulevard. Lakewood itself is comprised of 4,590 single-family homes, garden homes, and commercial and office complexes. The common landscaped areas include an extensive lake system surrounded by an intricate jogging path providing Scenic views and enjoyable recreational atmosphere.

The 10-acre Lakeside 21 parcel was purchased in July 1991 and engineered for 56 improved home-sites. In March 1992, the property was sold as fully developed homesites to Fulton Homes and Del Pueblo Homes.