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Sold for $445,000
  • $445,000

    401 S OCEAN Drive, Gilbert, AZ 85233

    3beds
    3baths
    1,638sqft
    Single Family Residence
    Built in 1987
    5,489 Square Feet Lot
    $440,600 Zestimate®
    $272/sqft
    $2,559 Estimated rent

    Home value

    $440,600

    $401,000 - $485,000

    $2,559/mo

    Zestimate® history
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    What's special

    Welcome to this charming 3-bedroom, 2.5-bath, two-story home that offers the perfect blend of comfort, space, and location. Situated in the highly desirable Islands community—known for its scenic lakes, parks, and walking trails—this home is move-in ready and waiting for the right family to make it their own. Step inside to find a spacious layout with a large master suite featuring 2 walk-in closets and a generously sized bathroom. The kitchen is equipped with brand new stainless steel appliances in 2023 and opens up to the living and dining areas, ideal for everyday living and entertaining.Enjoy peace of mind with key updates already done for you, including New AC in 2022, New Garage Door in 2021, Water Heater in 2020, and Water Softener in 2024. Outside, you'll love the expansive backyard with a covered patio and private hot tubperfect for relaxing or playing with the family. Just minutes from top-rated schools, shopping, restaurants, and all that Gilbert has to offer, this home is a rare find in a premier location. While it could use a few personal touches, it's a fantastic opportunity to own in one of the East Valley's most sought-after neighborhoods.

    Zillow last checked:

    Listing updated:

    Listed by:

    Abbie L Knowles 626-807-9132,

    The Ave Collective

    Bought with:

    Ryan M Johnson, SA669755000

    Realty ONE Group

    Source: ARMLS,MLS#: 6889960MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 3
    Heating
    • Electric
    Cooling
    • Central Air
    Appliances
    • Included: Electric Cooktop
    Features
    • Upstairs, Eat-in Kitchen, Full Bth Master Bdrm
    • Flooring: Carpet, Tile
    • Has basement: No
    Interior area
    • Total structure area: 1,638
    • Total interior livable area: 1,638 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage, Open
    • Garage spaces: 2
    • Uncovered spaces: 2
    Features
    • Stories: 2
    • Has spa: Yes
    • Spa features: Above Ground, Heated, Private
    • Fencing: Block
    Lot
    • Size: 5,489 sqft
    • Features: Desert Front, Grass Back
    Details
    • Parcel number: 30296593

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Stucco, Wood Frame, Painted
    • Roof: Tile
    Condition
    • Year built: 1987

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: City Water

    Community & neighborhood

    Community
    • Community features: Biking/Walking Path
    Location
    • Region: Gilbert
    • Subdivision: ISLANDS PATIO HOMES B AMD LOT 95-192 TR C-E

    HOA & financial

    HOA
    • Has HOA: Yes
    • HOA fee: $383 semi-annually
    • Services included: Maintenance Grounds
    • Association name: Islands Patio Homes
    • Association phone: 480-551-4300

    Other

    Other facts
    • Listing terms: Cash,Conventional,FHA,VA Loan
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    8/13/2025Sold$445,000$272/sqft
    Source: ARMLS #6889960 Report a problem
    7/8/2025Listed for sale$445,000+41.8%$272/sqft
    Source: ARMLS #6889960 Report a problem
    7/9/2020Sold$313,750+1.2%$192/sqft
    Source: ARMLS #6088474 Report a problem
    6/10/2020Pending sale$309,900$189/sqft
    Source: HomeSmart #6088474 Report a problem
    6/9/2020Listed for sale$309,900+54.2%$189/sqft
    Source: HomeSmart #6088474 Report a problem
    10/27/2015Sold$201,000+1%$123/sqft
    Source: ARMLS #5331785 Report a problem
    9/29/2015Listed for sale$199,000$121/sqft
    Source: West USA Realty Revelation #5331785 Report a problem
    9/11/2015Pending sale$199,000$121/sqft
    Source: West USA Realty Revelation #5331785 Report a problem
    9/9/2015Listed for sale$199,000$121/sqft
    Source: West USA Realty Revelation #5331785 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$1,370 +4%$36,150 -3.2%
    2024$1,317 -6.2%$37,360 +112.3%
    2023$1,405 +1.6%$17,594 -27.3%
    2022$1,383 -3.8%$24,200 +5.9%
    2021$1,438 +8.8%$22,850 +6.2%
    2020$1,321 +3.1%$21,520 +12.8%
    2019$1,282 $19,080 +7.4%
    2018$1,282 +3.6%$17,760 +7.5%
    2017$1,237 -11.1%$16,520 +4.8%
    2016$1,392 $15,770 +7.1%
    2015$1,392 $14,720 +22.2%
    2014-- $12,050 +16.9%
    2013-- $10,310 -6.7%
    2012-- $11,050 -10.4%
    2011-- $12,330 -16.2%
    2010-- $14,710 -19.9%
    2009-- $18,370 -13.6%
    2008-- $21,250 +7.3%
    2007-- $19,800 +67.8%
    2006-- $11,800
    2005-- $11,800 +8.8%
    2004-- $10,850
    2003-- $10,850 +13.6%
    2002-- $9,550

    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
    $440,600
    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
    $440,600