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Sold for $590,000
  • $590,000

    1426 W CORAL REEF Drive, Gilbert, AZ 85233

    2beds
    2,048sqft
    Townhouse
    Built in 2000
    2,030 Square Feet Lot
    $590,000 Zestimate®
    $288/sqft
    $2,675 Estimated rent

    Home value

    $590,000

    $543,000 - $643,000

    $2,675/mo

    Zestimate® history
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    What's special

    LAKEFRONT LUXURY IN THE ISLANDS - YOUR DREAM HOME AWAITS! Step into a fully reimagined waterfront masterpiece in the coveted Gilbert community of The Islands, where every sunset paints the sky and the lake becomes your backyard. This stunning 2-bedroom townhome with a large office that easily converts to a 3rd bedroom has been lavishly transformed with over $100K in loss is your golden opportunity. The expansive great room welcomes you with soaring vaulted ceilings and walls of windows that flood the space with natural light. French doors glide open to a private patio perched over the serene lake, perfect for morning coffee or evening wine, while panoramic water views stretch from nearly every angle. Flow seamlessly... into the gourmet kitchen and dining area, where a breakfast bar frames shimmering lake vistas. Enjoy brand-new KitchenAid top oven, microwave, dishwasher, vent hood and refrigerator, alongside refinished cabinetry with sleek hardware, a large pantry, and new faucets. The open layout is ideal for entertaining. Retreat to your primary suite sanctuary upstairs, complete with a private balcony showcasing mesmerizing lake sunsets, a huge walk-in closet, and a spa-like ensuite featuring a deep soaking tub, glass-enclosed walk-in shower, double vanities, and a dedicated makeup station. Convenience meets style with a laundry room including a sink and new Electrolux washer and dryer, located just off the 2-car garage. Every detail is brand new from 2024 and 2025: fresh interior and exterior paint, luxury vinyl plank flooring throughout, new HVAC, roof, and hot water heater, plus all-new ceiling fans, recessed lighting, door hardware, closet doors, towel bars, upgraded window treatments, toilets, and bathroom fixtures. Live the Islands lifestyle with kayaking, fishing, or boating from your doorstep, while top-rated schools, boutique shops, and downtown Gilbert's vibrant dining scene are just a short walk away. This unbeatable location blends serene lake living with urban convenience. This is more than a home; it's a lifestyle upgrade. Priced for immediate sale, don't let this rare waterfront gem slip away.

    Zillow last checked:

    Listing updated:

    Listed by:

    Patti Thomas 602-538-0106,

    RE/MAX Excalibur

    Bought with:

    Tiffany Mickolio, SA674623000

    My Home Group Real Estate

    Buffy Jo Tiller, BR675191000

    My Home Group Real Estate

    Source: ARMLS,MLS#: 6947403MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 3
    • Full bathrooms: 2
    • 1/2 bathrooms: 1
    Heating
    • Electric
    Cooling
    • Central Air
    Appliances
    • Included: Dryer, Washer, Reverse Osmosis, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Cooktop
    Features
    • Pantry, High Speed Internet, Double Vanity, Upstairs, Eat-in Kitchen, Vaulted Ceiling(s), Full Bth Master Bdrm, Separate Shwr & Tub
    • Flooring: Vinyl, Tile
    • Windows: Solar Screens
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 2,048
    • Total interior livable area: 2,048 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage Door Opener, Circular Driveway, Attch'd Gar Cabinets, Common
    • Garage spaces: 2
    Features
    • Stories: 2
    • Patio & porch: Patio
    • Exterior features: Balcony
    • Spa features: None
    • Fencing: None
    • Has view: Yes
    • View description: Lake
    • Has water view: Yes
    • Water view: Lake
    • Waterfront features: Waterfront
    Lot
    • Size: 2,030 Square Feet
    • Features: North/South Exposure, Waterfront, Desert Front, Grass Back, Auto Timer H2O Front, Auto Timer H2O Back
    Details
    • Parcel number: 30230578

    Construction

    Type & style
    • Home type: Townhouse
    • Architectural style: Spanish
    • Property subtype: Townhouse
    • Attached to another structure: Yes
    Materials
    • Stucco, Wood Frame
    • Roof: Tile,Foam
    Condition
    • Year built: 2000
    Details
    • Builder name: Scremin Builder

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: City Water

    Community & HOA

    Community
    • Features: Pool, Lake, Community Spa, Biking/Walking Path
    • Subdivision: TOWNHOMES ON CORAL REEF
    HOA
    • Has HOA: Yes
    • Services included: Insurance, Pest Control, Maintenance Grounds, Front Yard Maint, Trash, Maintenance Exterior
    • HOA fee: $381 semi-annually
    • HOA name: The Islands
    • HOA phone: 480-545-7740
    • Second HOA fee: $224 monthly
    • Second HOA name: Townhome on Coral
    • Second HOA phone: 623-473-7083
    Location
    • Region: Gilbert

    Financial & listing details

    • Price per square foot: $288/sqft
    • Tax assessed value: $479,700
    • Annual tax amount: $2,641
    • Date on market: 11/15/2025
    • Cumulative days on market: 79 days
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    2/12/2026Sold$590,000-0.8%$288/sqft
    Source: ARMLS #6947403 Report a problem
    2/6/2026Pending sale$594,999$291/sqft
    Source: ARMLS #6947403 Report a problem
    1/8/2026Price change$594,999-0.8%$291/sqft
    Source: ARMLS #6947403 Report a problem
    11/16/2025Listed for sale$599,999+9.1%$293/sqft
    Source: ARMLS #6947403 Report a problem
    5/29/2024Sold$550,000$269/sqft
    Source: ARMLS #6700865 Report a problem
    5/5/2024Pending sale$550,000$269/sqft
    Source: ARMLS #6700865 Report a problem
    5/4/2024Listed for sale$550,000+120.9%$269/sqft
    Source: ARMLS #6700865 Report a problem
    9/27/1999Sold$248,934$122/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$2,727 +3.8%$47,970 -10.6%
    2024$2,626 +20.1%$53,660 +95.9%
    2023$2,187 +2.5%$27,389 -21.5%
    2022$2,134 -3.9%$34,910 +6.5%
    2021$2,220 +8.8%$32,770 +4.8%
    2020$2,041 +3.2%$31,270 +8.7%
    2019$1,978 $28,780 +5.7%
    2018$1,978 +3.6%$27,220 +3.4%
    2017$1,908 +6.1%$26,320 +5%
    2016$1,799 -4.3%$25,060 +0%
    2015$1,879 $25,050 +33%
    2014-- $18,830 +17.3%
    2013-- $16,050 -17.5%
    2006-- $19,450
    2005-- $19,450 +10.8%
    2004-- $17,550
    2003-- $17,550 +22.3%
    2002-- $14,350
    Find assessor info on the county website

    Neighborhood: The Islands

    Nearby schools

    GreatSchools rating
    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
    $590,000
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $590,000