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For sale
  • Price cut: $50K (6/4)
    $1,949,900

    1455 W HEATHER Avenue, Gilbert, AZ 85233

    5beds
    4,561sqft
    : 
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    Single Family Residence
    Built in 1998
    9,978 Square Feet Lot
    $1,845,800 Zestimate®
    $428/sqft
    $335/mo HOA

    What's special

    True lakefront livingHigh ceilingsDedicated denSpa-inspired renovated bathroomsGenerous bedroom sizesGame and family roomsWide hallways
    One-time price adjustment. All offers will be reviewed. Existing furniture throughout the home is available and may be included for buyers who wish to keep it. There are only six waterski lakes in the entire Phoenix metro area; three in Gilbert, one in San Tan Valley, and two in Buckeye. Across the East Valley (Gilbert & San Tan Valley), there is currently only one home available for sale, and it is this waterfront property in Playa del Rey Estates. At Playa del Rey, residents enjoy true lakefront living with an exceptional range of recreational activities, including water skiing, jet skiing, boating, kayaking, paddleboarding, towable inflatables, and speeds up to 36 mph. In addition, the community features a second lake dedicated to catch-and-release fishing, offering a rare combination of active recreation and peaceful retreat. What truly sets Playa del Rey apart is its unmatched versatility-unlike most ski lakes designed primarily for tournament use, or other lake communities that restrict water access altogether, this is the only community in the area that fully embraces a broad, year-round waterfront lifestyle. Beyond the lakes, Playa del Rey is a gated 24/7 community with outstanding amenities, including a brand-new mini golf course with fountain features, clubhouse, basketball court, and floating dock. Residents also enjoy a full calendar of community events throughout the year, including Easter celebrations, trick-or-treating, holiday festivities, and more. The home itself is completely turnkey and was extensively remodeled between 2019 and 2020. Highlights include a gourmet kitchen designed for entertaining, spa-inspired renovated bathrooms, and a luxury Savaria elevator providing effortless multi-level access. Automated stackable Pella sliding doors create seamless indoor-outdoor living while filling the home with natural light. The layout is both functional and thoughtfully designed, featuring two en-suite bedrooms one on each level plus three additional bedrooms, a dedicated den, game and family rooms, formal living and dining spaces, and a convenient laundry chute. High ceilings, generous bedroom sizes, wide hallways, and an open flow throughout the home create a perfect balance of comfort, privacy, and effortless entertaining. Welcome home!
    139 days
    |
    1,043
    |
    57
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Marina Cappetta 201-554-6019,

    Realty ONE Group

    Source: ARMLS,MLS#: 6985234MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 5
      • Bathrooms: 4
      • Full bathrooms: 4
      Heating
      • Natural Gas
      Cooling
      • Ceiling Fan(s), Programmable Thmstat
      Appliances
      • Included: Dryer, Washer, Reverse Osmosis, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Gas Range, Gas Oven, Built-In Gas Oven
      • Laundry: Inside
      Features
      • Pantry, Quartz Countertops, High Speed Internet, Double Vanity, Upstairs, Elevator, Wet Bar, Kitchen Island, Separate Shwr & Tub
      • Windows: Skylight(s)
      • Has basement: No
      • Number of fireplaces: 1
      • Fireplace features: Family Room
      Interior area
      • Total structure area: 4,561
      • Total interior livable area: 4,561 sqft

      Property

      Parking
      • Total spaces: 6
      • Parking features: Attached, Garage Door Opener
      • Attached garage spaces: 3
      • Uncovered spaces: 3
      Accessibility
      • Accessibility features: Accessible Hallway(s)
      Features
      • Stories: 2
      • Patio & porch: Covered, Patio
      • Exterior features: Balcony, Private Street(s), Built-in Barbecue
      • Spa features: None, Bath
      • Fencing: Block
      • Has view: Yes
      • View description: Lake, Panoramic
      • Has water view: Yes
      • Water view: Lake
      • Waterfront features: Waterfront
      Lot
      • Size: 9,978 Square Feet
      • Features: Waterfront, Grass Back, Synthetic Grass Frnt, Auto Timer H2O Back
      Details
      • Parcel number: 31008526

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Contemporary,Santa Barbara/Tuscan
      • Property subtype: Single Family Residence
      Materials
      • Stucco, Wood Frame, Painted
      • Roof: Tile
      Condition
      • Year built: 1998
      Details
      • Builder name: AMZ Homes

      Utilities & green energy

      • Sewer: Public Sewer
      • Water: City Water
      Green energy
      • Energy efficient items: Multi-Zones

      Community & HOA

      Community
      • Features: Lake, Gated, Biking/Walking Path
      • Security: Security System Owned
      • Subdivision: Playa del Rey Estates
      HOA
      • Has HOA: Yes
      • Services included: Maintenance Grounds, Street Maint
      • HOA fee: $335 monthly
      • HOA name: Playa Del Rey Estate
      • HOA phone: 480-539-1396
      Location
      • Region: Gilbert

      Financial & listing details

      • Price per square foot: $428/sqft
      • Tax assessed value: $727,700
      • Annual tax amount: $4,044
      • Date on market: 2/25/2026
      • Cumulative days on market: 139 days
      • Listing terms: Cash,Conventional,FHA
      • Ownership: Fee Simple

        Estimated market value

        $1,845,800

        $1.75M - $1.94M

        $3,907/mo

        Price history

        DateEventPrice
        6/4/2026Price change$1,949,900-2.5%$428/sqft
        Source: ARMLS #6985234 Report a problem
        2/25/2026Listed for sale$1,999,900-7%$438/sqft
        Source: ARMLS #6985234 Report a problem
        12/6/2025Listing removed$2,150,000$471/sqft
        Source: ARMLS #6886508 Report a problem
        9/12/2025Price change$2,150,000+0%$471/sqft
        Source: ARMLS #6886508 Report a problem
        9/5/2025Price change$2,149,5000%$471/sqft
        Source: ARMLS #6886508 Report a problem
        7/2/2025Listed for sale$2,150,000+196.6%$471/sqft
        Source: ARMLS #6886508 Report a problem
        2/5/2020Sold$725,000-3.2%$159/sqft
        Source: ARMLS #5944062 Report a problem
        1/25/2020Pending sale$749,000$164/sqft
        Source: Platinum Living Realty #5944062 Report a problem
        11/15/2019Price change$749,000-0.8%$164/sqft
        Source: Platinum Living Realty #5944062 Report a problem
        9/17/2019Price change$755,000-1.8%$166/sqft
        Source: Platinum Living Realty #5944062 Report a problem
        8/9/2019Price change$769,000-3.5%$169/sqft
        Source: Platinum Living Realty #5944062 Report a problem
        7/18/2019Price change$797,000-0.3%$175/sqft
        Source: Platinum Living Realty #5944062 Report a problem
        7/6/2019Listed for sale$799,000+33.2%$175/sqft
        Source: Platinum Living Realty #5944062 Report a problem
        7/18/2012Listing removed$599,999$132/sqft
        Source: Robert Kline Report a problem
        7/8/2012Listed for sale$599,999$132/sqft
        Source: Robert Kline Report a problem
        2/21/2012Listing removed$599,999+3.1%$132/sqft
        Source: Robert Kline Report a problem
        5/5/2010Sold$582,000-3%$128/sqft
        Source: ARMLS #4334237 Report a problem
        3/15/2010Price change$599,999+3.1%$132/sqft
        Source: Robert Kline Report a problem
        3/13/2010Price change$582,000-3%$128/sqft
        Source: Arizona Elite Properties #4334237 Report a problem
        2/9/2010Listed for sale$599,900-13.1%$132/sqft
        Source: Arizona Elite Properties #4334237 Report a problem
        1/5/2010Sold$690,335-1.4%$151/sqft
        Source: Public Record Report a problem
        3/4/2009Listing removed$699,900$153/sqft
        Source: Homes & Land Report a problem
        12/4/2008Listed for sale$699,900+16.7%$153/sqft
        Source: Homes & Land Report a problem
        11/30/2001Sold$600,000+41.2%$132/sqft
        Source: Public Record Report a problem
        5/1/2000Sold$425,000$93/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,022 +3.8%$72,770 -14.4%
        2024$3,874 -19.9%$84,980 +69.4%
        2023$4,835 +2.3%$50,153 -11.2%
        2022$4,727 -12.7%$56,510 +7.8%
        2021$5,417 +39.8%$52,420 +5.1%
        2020$3,875 +3.3%$49,860 +6.2%
        2019$3,751 $46,950 +3.3%
        2018$3,751 +3.9%$45,450 +2.9%
        2017$3,609 +8.2%$44,190 +1.8%
        2016$3,335 -1.1%$43,400 +0.3%
        2015$3,372 $43,260 +32.3%
        2014-- $32,710 +11.3%
        2013-- $29,390
        2012-- $29,390 -21.7%
        2011-- $37,550 -16.8%
        2010-- $45,150 -35.2%
        2009-- $69,630 -12.7%
        2008-- $79,800 +5.9%
        2007-- $75,350 +94%
        2006-- $38,850
        2005-- $38,850 +17.7%
        2004-- $33,000
        2003-- $33,000 +6.6%
        2002-- $30,950
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Playa del Rey

        Getting around

        32 / 100
        Car-Dependent
        0 / 100
        No Nearby Transit
        70 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Playa Del Rey 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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