1005 W CANTEBRIA Drive, Gilbert, AZ 85233, Gilbert, 85233 - 3 bed, 2 bath
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Gilbert, AZ 85233
This property presents a High-Potential Investment Opportunity with a List Price of $421,000—positioned well below the $397,161 Fair Market Value by -6%. While the property requires significant capital to address its Poor Condition Rating, the location within the prestigious "The Islands" community provides long-term value stability. The home offers a strategic Value-Add Potential for those capable of executing a full renovation. This is an ideal acquisition for Fix-and-Flip Investors or Contractors seeking a project in a high-demand Gilbert neighborhood.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1005 W CANTEBRIA Drive Subject | $421,000* List Price | 3 | 2 | 1,289 | $308 | - |
A 733 W GOLDEN Street Sold | $459,500 List Price | 3 | 2 | 1,548 | 0.7 mi | |
B 354 S BAY SHORE Boulevard Sold | $505,000 | 3 | 2 | 1,582 | $319 | 0.7 mi |
C 942 W BARBADOS Drive Pending | $449,000 List Price | 2 | 2 | 1,262 | $356 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1991 (35 years old) and explicitly described as a 'fixer upper,' the property falls into the poor category as it likely requires a full rehab of the kitchen, bathrooms, and major systems to address its dated condition and potential maintenance neglect.
Situated in 'The Islands,' one of Gilbert's most sought-after lake communities, offering high desirability and long-term value stability.
As a designated fixer-upper, this property presents a significant opportunity for investors or handy homeowners to build equity through strategic renovations.
Priced at $421,000, this home offers a more accessible entry point into a premium neighborhood compared to fully renovated properties in the same area.
The property is explicitly listed as a fixer-upper, indicating that substantial immediate capital and labor will be required to make it move-in ready.
With only 1,289 square feet of living space and a modest lot size, the property may feel restrictive for growing families or those seeking larger outdoor areas.
Fixer upper in the heart of Gilbert and one of the most desirable neighborhoods-- The Islands.
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades PK-6 • 1.0 mi
Grades 6-8 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,289 | - |
| Lot Size | 4,291 | - |
| Price | $421.0K | $554.5K |
| Price per sq ft | $327 | $287 |
| Built year | 1991 | 0 |
| HOA | $90 | $0 |
| Days on market | 51 | 2717 |
Jun 1, 2026
$421,000
Initial Listing