When your backyard is a lake... everyday feels like a vacation! This exceptional Coral Reef townhouse, nestled in Gilbert's highly coveted community, The Islands, offers breathtaking panoramic waterfront views at the tip of the peninsula. If you love kayaking, boating, or simply watching the sunset reflect over the water, this is your ideal tropical retreat! Simply step out to your private dock and explore over 70 acres of connected waterways. Inside, enjoy iconic, refinished hexagonal southwest Saltillo tile flowing seamlessly from the entry into the kitchen and dining areas. A 2-story atrium lets in natural light, highlighting a spacious layout with a versatile upstairs loft. Two cozy fireplaces anchor this home - one in the main living space and the other in the spacious primary suite which includes a private balcony, walk-in closet, dual sinks, a separate shower, and a soaking tub with a great view of the lake. Recent upgrades include all-new energy-efficient windows, glass doors opening to the patio and balcony, updated LED lighting, new ceiling fans, and a freshly recoated flat roof.
Enjoy quick access to the community pool, ample guest parking, welcoming neighbors, and an active events calendar that includes movie nights and concerts in the park. Additional amenities include sports courts, an exercise track, playgrounds, picnic areas, and annual electric light boat parades during the holidays.
Just minutes from downtown Gilbert and Chandler with a ton of amazing shopping and dining options nearby. Come visit The Islands today!
Sold for $550,000
$550,000
1421 W CORAL REEF Drive, Gilbert, AZ 85233
3beds
2,289sqft
Townhouse
Built in 1988
1,668 Square Feet Lot
$542,700 Zestimate®
$240/sqft
$3,171 Estimated rent
Home value
$542,700
$499,000 - $592,000
$3,171/mo
Zestimate® history
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$3,171/mo
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$3,171/mo
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$3,412/mo
Est. payment
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$3,412/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jason Serikaku 480-486-6887,
Realty ONE Group
Bought with:
Jason LaFlesch, SA108012000
Results Realty
Cash LaFlesch, SA718495000
Results Realty
Source: ARMLS,MLS#: 7015341
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s)
Appliances
- Included: Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal
- Laundry: Upper Level, Inside
Features
- High Speed Internet, Granite Counters, Double Vanity, Upstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
- Flooring: Carpet, Tile
- Windows: Low Emissivity Windows, Double Pane Windows
- Has basement: No
- Number of fireplaces: 2
- Fireplace features: Living Room, Master Bedroom
Interior area
- Total structure area: 2,289
- Total interior livable area: 2,289 sqft
Property
Parking
- Total spaces: 2
- Parking features: Attached, Unassigned, Garage Door Opener, Direct Access
- Attached garage spaces: 2
Features
- Stories: 2
- Patio & porch: Covered, Patio
- Exterior features: Balcony
- Spa features: None, Bath
- Fencing: None
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- Waterfront features: Waterfront
Lot
- Size: 1,668 Square Feet
- Features: Waterfront, Corner Lot, Cul-De-Sac, Grass Back
Details
- Parcel number: 30230589
Construction
Type & style
- Home type: Townhouse
- Property subtype: Townhouse
- Attached to another structure: Yes
Materials
- Stucco, Wood Frame, Painted
- Roof: Tile,Built-Up
Condition
- Year built: 1988
Utilities & green energy
- Sewer: Public Sewer
- Water: City Water
Community & HOA
Community
- Features: Pool, Lake, Biking/Walking Path
- Subdivision: TOWNHOMES ON CORAL REEF
HOA
- Has HOA: Yes
- Services included: Insurance, Pest Control, Maintenance Grounds, Street Maint, Front Yard Maint, Maintenance Exterior
- HOA fee: $224 monthly
- HOA name: Townhomes Coral Reef
- HOA phone: 602-227-4418
- Second HOA fee: $383 semi-annually
- Second HOA name: The Islands Master
- Second HOA phone: 480-551-4300
Location
- Region: Gilbert
Financial & listing details
- Price per square foot: $240/sqft
- Tax assessed value: $454,300
- Annual tax amount: $2,221
- Date on market: 5/20/2026
- Cumulative days on market: 10 days
- Listing terms: Cash,Conventional,VA Loan
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 5/29/2026 | Sold | $550,000$240/sqft |
Source:  ARMLS #7015341 Report a problem | ||
| 4/29/2026 | Pending sale | $550,000$240/sqft |
Source: ARMLS #7015341 Report a problem | ||
| 4/26/2026 | Listed for sale | $550,000$240/sqft |
Source: ARMLS #7015341 Report a problem | ||
| 4/23/2026 | Pending sale | $550,000$240/sqft |
Source: ARMLS #7015341 Report a problem | ||
| 4/17/2026 | Listed for sale | $550,000+25.6%$240/sqft |
Source: ARMLS #7015341 Report a problem | ||
| 11/30/2020 | Sold | $438,000$191/sqft |
Source: ARMLS #6141937 Report a problem | ||
| 10/17/2020 | Pending sale | $438,000$191/sqft |
Source: ProSmart Realty #6141937 Report a problem | ||
| 10/5/2020 | Listed for sale | $438,000+17.4%$191/sqft |
Source: ProSmart Realty #6141937 Report a problem | ||
| 6/23/2019 | Listing removed | $373,000$163/sqft |
Source: ProSmart Realty #5922150 Report a problem | ||
| 5/29/2019 | Price change | $373,000-1.3%$163/sqft |
Source: ProSmart Realty #5922150 Report a problem | ||
| 5/7/2019 | Listed for sale | $378,000+96.9%$165/sqft |
Source: ProSmart Realty #5922150 Report a problem | ||
| 10/15/2003 | Sold | $192,000-4%$84/sqft |
Source: Public Record Report a problem | ||
| 5/31/1996 | Sold | $200,000$87/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,206 +4% | $45,430 -10.7% |
| 2024 | $2,121 -0.9% | $50,880 +89.9% |
| 2023 | $2,140 +2.5% | $26,792 -19.6% |
| 2022 | $2,088 -3.9% | $33,310 +6.6% |
| 2021 | $2,172 +8.8% | $31,260 +1.3% |
| 2020 | $1,996 +3.2% | $30,860 +8.2% |
| 2019 | $1,935 | $28,530 +5.9% |
| 2018 | $1,935 +3.7% | $26,930 +3.1% |
| 2017 | $1,867 +6.1% | $26,120 +5.4% |
| 2016 | $1,760 -4.5% | $24,780 +0.2% |
| 2015 | $1,842 | $24,720 +33.5% |
| 2014 | -- | $18,520 +18% |
| 2013 | -- | $15,700 -17.8% |
| 2006 | -- | $19,100 +24.8% |
| 2005 | -- | $15,300 +15% |
| 2004 | -- | $13,300 |
| 2003 | -- | $13,300 +1.1% |
| 2002 | -- | $13,150 |
Find assessor info on the county website
Neighborhood: The Islands
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Nearby schools
GreatSchools rating
- 9/10Islands Elementary SchoolGrades: PK-6Distance: 0.2 mi
- 6/10Mesquite High SchoolGrades: 8-12Distance: 0.4 mi
- 5/10Mesquite Jr High SchoolGrades: 6-8Distance: 1.4 mi
Schools provided by the listing agent
- Elementary: Islands Elementary School
- Middle: Mesquite Jr High School
- High: Mesquite High School
- District: Gilbert Unified District
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$542,700
Get a cash offer in 3 minutes
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Estimated market value
$542,700
- Arizona
- Maricopa County
- Gilbert
- 85233
- The Islands
- 1421 W CORAL REEF Drive
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