1002 S PORT Drive, Gilbert, AZ 85233, Gilbert, 85233 - 3 bed, 3 bath
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Gilbert, AZ 85233
This Updated Waterfront Residence is a Strong Value Opportunity, listed at $599,000—positioned well below the $630,172 Fair Market Value by 4%. This valuation gap provides $31,172 in Instant Equity. Boasting a Condition Rating of 3, the home features brand-new LVP flooring, a remodeled primary bath, and a private heated pool with sunset lake views. Located in the premier Islands Lake community near Islands Elementary, it balances resort-style living with financial upside. This is an ideal acquisition for Owner-Occupants or lifestyle-driven buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1002 S PORT Drive Subject | $584,999* List Price | 3 | 3 | 1,883 | $321 | - |
A 861 W SHELLFISH Drive Sold | $550,000 | 3 | 3 | 1,704 | $323 | 0.1 mi |
B 861 W SHELLFISH Drive Sold | $550,000 | 3 | 3 | 1,704 | $323 | 0.1 mi |
C 733 W GOLDEN Street Sold | $459,500 List Price | 3 | 2 | 1,548 | 0.5 mi | |
D 1111 S TIAGO Drive Active | $594,000 List Price | 3 | 3 | 1,875 | $317 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1991, the property has undergone significant recent updates including brand-new LVP flooring, fresh interior and exterior paint, and a remodeled primary bathroom. The inclusion of a newer AC unit and stainless steel appliances ensures the home is move-in ready and well-maintained.
Located in the sought-after Islands Lake community, the property features a private heated pool and a backyard deck with sunset lake views, offering a premium resort-style living experience.
The home boasts significant recent capital improvements, including a newer AC unit, newer windows, fresh interior and exterior paint, and brand-new LVP flooring, minimizing immediate maintenance costs for the buyer.
As a former model home, the interior offers sophisticated design elements such as soaring vaulted ceilings, arched doorways, and a remodeled primary suite with a luxurious walk-in shower.
With a lot size of 4,657 square feet, the outdoor space is relatively compact, which may feel restrictive for buyers desiring a large yard or significant green space.
The assigned public schools currently hold average ratings (ranging from 4 to 6), which may be a consideration for families prioritizing top-tier educational performance in the Gilbert area.
BRAND NEW HVAC INSTALLED 6/2!! Welcome to this beautifully updated former model home in The Islands Lake community! Nestled on a quiet cul-de-sac lot, this 1,927 sq. ft. residence features fresh interior paint, brand-new LVP flooring, and baseboards throughout. Enjoy a glass of wine while you watch the sunset over the lake from your backyard deck and private heated pool. Inside, soaring vaulted ceilings, arched windows and doorways, and a cozy fireplace create a warm and elegant ambiance. The kitchen features stainless steel appliances, granite counters, and plenty of cabinet space. The spacious primary suite includes a remodeled bath and walk-in shower for a luxurious retreat. Additional highlights include newer windows, a newer AC unit, and new exterior paint
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades PK-6 • 1.2 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 44% |
| Baths | 3.0 | 2.0 | 58% |
| Square foot | 1,883 | 1,922.5 | 49% |
| Lot Size | 4,657 | 7,258.5 | 4% |
| Price | $585.0K | $0 | 79% |
| Price per sq ft | $311 | $0 | 79% |
| Built year | 1991 | 1994 | 27% |
| HOA | $64 | $98 | 30% |
| Days on market | 63 | 2511 | 1% |
Jun 4, 2026
$584,999
$585,000
+0% Price Increase
Initial Listing
May 31, 2026
$585,000
$594,999
-2% Price Drop
Initial Listing
May 14, 2026
$594,999
$595,000
+0% Price Increase
Initial Listing
May 10, 2026
$595,000
$599,999
-1% Price Drop
Initial Listing
Apr 26, 2026
$599,999
$599,000
+0% Price Increase
Initial Listing
Apr 13, 2026
$599,000
Initial Listing