1202 W IRIS Drive, Gilbert, AZ 85233, Gilbert, 85233 - 5 bed, 3 bath
Loading property details...
Gilbert, AZ 85233
This Polished Multi-Generational Home is listed at $725,000, aligning perfectly with its $725,000 Fair Market Value to offer a stable and fair entry point into the prestigious Islands community. Boasting a Condition Rating of 3, the residence features a versatile 5-bedroom layout with a full downstairs suite and a sparkling pool with waterfall. Recent updates include new wood-look tile flooring and a refreshed kitchen, while the 3-car garage workshop adds unique utility. Located near Islands Elementary and Mesquite High, this move-in ready asset is the ideal fit for growing families or Owner-Occupants seeking a resort-style lifestyle in Gilbert.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1202 W IRIS Drive Subject | $725,000* List Price | 5 | 3 | 2,856 | $254 | - |
A 1224 W SHERRI Drive Sold | $760,000 List Price | 4 | 3 | 2,856 | 0.1 mi | |
B 920 W GRAND CAYMEN Drive Sold | $716,500 | 5 | 3 | 2,597 | $276 | 0.4 mi |
C 1032 S COPPER KEY Court Sold | $699,000 | 3 | 2 | 2,592 | $270 | 0.1 mi |
D 1214 W IRIS Drive Active | $709,900 List Price | 5 | 3 | 2,856 | $249 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and features significant recent cosmetic updates, including new wood-look tile flooring in the kitchen and family room, modern light fixtures, and a fresh neutral paint scheme. While the home was built in 1981, the kitchen has been refreshed with painted cabinetry, updated hardware, and a subway tile backsplash. The overall maintenance appears high, and the interior styling aligns with current market preferences, though it stops short of an 'excellent' rating as it is a partial renovation rather than a full-scale modern reconstruction.
The 2,856 sqft layout includes five bedrooms with a highly desirable full bedroom and bathroom on the ground floor, perfect for guests or multi-generational living.
The property features a private backyard oasis with a sparkling pool and waterfall, plus an RV gate, offering both luxury and practical storage solutions.
A three-car garage with a dedicated workshop in the third bay provides excellent functional space for hobbyists or additional home projects.
Built in 1981, the home may require updates to major mechanical systems or structural components that are nearing the end of their typical lifespan.
The assigned local schools currently hold ratings between 4 and 6, which may be a drawback for buyers specifically seeking top-tier academic districts in Gilbert.
Stunning 5 bedroom 3 bath, 3 car garage home in The Islands with RV gate and sparkling pool with waterfall.. New tile flooring in kitchen and family room. 1 bedroom and 1 full bath downstairs. Upstairs has primary room with separate tub and shower and 3 bedrooms with Jack and Jill bath set up. Easy care for yard. 3rd car garage is set up as workshop.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades PK-6 • 1.1 mi
Grades 6-8 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 86% |
| Baths | 3.0 | 2.0 | 56% |
| Square foot | 2,856 | 1,963 | 86% |
| Lot Size | 7,937 | 7,148.5 | 66% |
| Price | $725.0K | $446.0K | 92% |
| Price per sq ft | $254 | $233 | 52% |
| Built year | 1981 | 1994 | 3% |
| HOA | $196 | $102 | 71% |
| Days on market | 104 | 2273 | 1% |
Jan 8, 2026
$725,000
Initial Listing