
Gilbert, AZ 85233
This Turnkey Lake Community Residence is a High-Potential Investment Opportunity, listed at $490,000—positioned well below the $545,714 Fair Market Value by 10%. This valuation gap offers $55,714 in Instant Equity. Boasting a Condition Rating of 3, the property features a Resurfaced Private Pool (2024), Solar System, and a Reimagined Backyard. Proximity to Islands Elementary and Mesquite High enhances its appeal within the premier The Islands subdivision. This is a strategic acquisition for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1114 S SURFSIDE Drive Subject | $490,000* List Price | 3 | 2 | 1,652 | $330 | - |
A 861 W SHELLFISH Drive Sold | $550,000 | 3 | 3 | 1,704 | $323 | 0.2 mi |
B 823 W BRADFORD Drive Sold | $430,000 | 3 | 3 | 1,613 | $267 | 0.1 mi |
C 861 W SHELLFISH Drive Sold | $550,000 | 3 | 3 | 1,704 | $323 | 0.2 mi |
D 733 W GOLDEN Street Sold | $459,500 List Price | 3 | 2 | 1,548 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in move-in-ready condition with significant recent upgrades that elevate its 1989 construction. Key improvements include a 2024 air handler, a 2024 pool resurfacing, and a fully reimagined backyard with new pavers and artificial turf. The interior features fresh paint, updated flooring, and a refreshed kitchen with stainless steel appliances and repainted cabinetry. While the kitchen and bathrooms have been tastefully updated with new fixtures and a primary vanity, they retain some original structural elements (like cabinet door styles and countertops) that prevent an 'excellent' rating, but the overall maintenance and mechanical updates firmly place it in the 'good' category.
The property features a newer air handler (2024) and a solar system, providing significant monthly utility savings and reducing the need for immediate capital expenditures on major systems.
The backyard has been fully reimagined with a resurfaced pool (2024), new pavers, artificial turf, and a custom fire pit, offering a premium, low-maintenance space for entertaining.
Situated in the prestigious 'The Islands' subdivision near Downtown Gilbert, the home offers an exceptional lifestyle balance of community charm and proximity to high-end dining and recreation.
At 4,073 square feet, the lot is relatively small for the area, which may limit privacy and space for buyers seeking a larger traditional yard.
The assigned public schools for this address currently hold modest ratings (ranging from 4 to 6), which may be a drawback for education-focused families.
Welcome to an exceptional opportunity in the highly sought-after lake community of The Islands, Trade Winds in Gilbert, Arizona, just minutes from the vibrant charm and dining scene of Downtown Gilbert. This beautifully maintained residence blends timeless comfort with thoughtful modern updates, offering a true move-in-ready experience in one of Gilbert's most desirable neighborhoods. From the moment you arrive, the home showcases impressive curb appeal and a warm, inviting presence. Inside, spacious ceilings and a highly functional floor plan create an open, airy atmosphere complemented by crisp interior paint, abundant natural light, and clean floors throughout. Each bedroom offers a generous walk-in closet, adding both convenience and storage. The kitchen has been tastefully refreshed with sanded and repainted cabinetry, an upgraded oversized sink, new microwave, reverse osmosis system, and updated plumbing fixtures throughout the home--creating both style and everyday functionality. The primary bathroom features a new vanity, enhancing the home's clean and updated aesthetic. Major mechanical improvements include a newer air handler (2024), offering added peace of mind and a solar system that delivers significant monthly savings. Step outside to a completely reimagined backyard designed for effortless Arizona living and entertaining. These sellers fully transformed the outdoor space with new pavers, artificial turf, and a custom fire pit gathering area. The private pool was drained and resurfaced in 2024, creating a refreshed centerpiece ready for year-round enjoyment. Ideally positioned near Gilbert's best entertainment, dining, shopping, and recreation, this home offers the perfect balance of community charm, convenience, and lifestyle. A true gem within a premier lake subdivision, combining thoughtful upgrades, pride of ownership, and an unbeatable location.
No exterior & parking available.
Grades PK-6 • 0.6 mi
Grades PK-6 • 1.4 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 | 45% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,652 | 1,952.5 | 29% |
| Lot Size | 4,073 | 7,141.5 | 1% |
| Price | $490.0K | $446.0K | 59% |
| Price per sq ft | $297 | $233 | 79% |
| Built year | 1989 | 1994 | 16% |
| HOA | $401 | $102 | 98% |
| Days on market | 51 | 2273 | 1% |
Mar 2, 2026
$490,000
Initial Listing