1042 W NEWPORT BEACH Drive, Gilbert, AZ 85233, Gilbert, 85233 - 4 bed, 3 bath
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Gilbert, AZ 85233
This Fully Remodeled Lake Community Residence is a Strong Value Opportunity, listed at $694,999—positioned well below the $749,319 Fair Market Value by 7%. This valuation gap provides $54,320 in Instant Equity for the buyer. Boasting an Extensively Renovated Condition Rating, the home features a Modernized Kitchen with quartz countertops and a Spacious 10,383 Sq Ft Lot. Located in the premier Windhaven subdivision, residents enjoy access to catch-and-release lakes and community parks. This is an exceptional acquisition for Owner-Occupants seeking a turnkey lifestyle or Buy-and-Hold Investors targeting a high-demand rental area.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1042 W NEWPORT BEACH Drive Subject | $685,000* List Price | 4 | 3 | 2,493 | $277 | - |
A 920 W GRAND CAYMEN Drive Sold | $716,500 | 5 | 3 | 2,597 | $276 | 0.5 mi |
B 1224 W SHERRI Drive Sold | $760,000 List Price | 4 | 3 | 2,856 | 0.9 mi | |
C 854 W MESQUITE Street Sold | $667,500 | 4 | 3 | 2,979 | $224 | 0.4 mi |
D 366 W BRISA Drive Sold | $640,000 | 4 | 2 | 2,007 | $319 | 0.7 mi |
E 1526 W SEA HAZE Drive Sold | $763,300 | 4 | 3 | 2,690 | $284 | 0.7 mi |
F 602 W RAWHIDE Avenue Sold | $655,000 | 5 | 3 | 2,554 | $256 | 0.5 mi |
G 1043 W IRIS Drive Active | $749,900 List Price | 4 | 2 | 2,484 | $302 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1987, the property has undergone a comprehensive recent renovation that brings it up to modern standards. The kitchen is fully updated with white shaker cabinetry, quartz countertops, a large island, and stainless steel appliances. The interior features consistent wood-look flooring, updated recessed lighting, new ceiling fans, and refreshed bathrooms. The property is move-in ready with no visible deferred maintenance, meeting the criteria for an extensively renovated home within the last 5 years.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 10383, living area = 2493.
The home is fully remodeled and move-in ready, featuring a contemporary kitchen with white shaker cabinetry, quartz countertops, and updated flooring throughout.
Located in the sought-after Windhaven subdivision, residents enjoy access to catch-and-release lakes, sand volleyball, basketball courts, and frequent community events.
Originally constructed in 1987, the property may require ongoing maintenance of older structural components or systems not addressed in the cosmetic remodel.
The assigned middle and high schools carry lower ratings (4/10), which may be a consideration for families prioritizing top-tier academic performance.
Lake community living at its finest--fully remodeled and move-in ready! This beautiful 4-bedroom, 2.5-bath home offers 2,493 sq ft of comfortable, well-designed living space in a peaceful lake neighborhood. The updated kitchen is a true standout, featuring white shaker cabinetry, quartz countertops, and a walk-in pantry, all opening seamlessly to the main living areas--perfect for everyday living and entertaining. New ceiling fans have been added throughout the living spaces and bedrooms for enhanced comfort. The inviting family room showcases a cozy wood-burning fireplace and a charming bay window, creating a warm and welcoming atmosphere. The primary suite offers a relaxing retreat with new flooring in the en-suite bath and a private exit to the patio, ideal for enjoying quiet mornings Additional highlights include a 2-car garage with a brand-new garage door and access to exceptional community amenities, including a park with sand volleyball, basketball courts, multiple catch-and-release lakes, and year-round community events. A perfect combination of style, comfort, and lifestyle in a sought-after lake community.
No exterior & parking available.
Grades PK-6 • 0.8 mi
Grades PK-6 • 1.0 mi
Grades 6-8 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 2.0 | 56% |
| Square foot | 2,493 | 1,963 | 73% |
| Lot Size | 10,383 | 7,148.5 | 91% |
| Price | $685.0K | $446.0K | 89% |
| Price per sq ft | $275 | $233 | 64% |
| Built year | 1987 | 1994 | 11% |
| HOA | $408 | $102 | 99% |
| Days on market | 19 | 2273 | 1% |
Apr 16, 2026
$685,000
$694,999
-1% Price Drop
Initial Listing
Apr 3, 2026
$694,999
Initial Listing