1220 N CRYSTAL SHORES Drive, Gilbert, AZ 85234, Gilbert, 85234 - 5 bed, 4 bath
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Gilbert, AZ 85234
This Waterfront Executive Estate represents a High-Potential Investment Opportunity, with a List Price of $1,150,000—positioned well below the $1,482,724 Fair Market Value by 22%. This significant valuation gap secures $332,724 in Instant Equity. Featuring Dual Primary Suites, a Granite Kitchen, and a Private Pool and Spa, the home maintains a Well-Maintained Condition Rating on a premium lot with a 1/4-mile lake view. Residents benefit from Val Vista Lakes amenities and the top-rated Patterson Elementary School. This is an elite 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 |
|---|---|---|---|---|---|---|
★ 1220 N CRYSTAL SHORES Drive Subject | $1,150,000* List Price | 5 | 4 | 3,568 | $416 | - |
A 1414 N PALMSPRINGS Drive Sold | $838,100 | 5 | 3 | 2,738 | $306 | 0.4 mi |
B 2036 E CATAMARAN Drive Sold | $1,245,000 | 4 | 4 | 3,300 | $377 | 0.3 mi |
C 1414 N PALMSPRINGS Drive Sold | $838,100 | 5 | 3 | 2,738 | $306 | 0.4 mi |
D 2012 E FREEPORT Lane Sold | $1,164,500 | 4 | 3 | 3,900 | $299 | 0.2 mi |
E 1349 E CATAMARAN Drive Active Under Contract | $1,085,000 List Price | 5 | 3 | 3,866 | $281 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in well-maintained, move-in ready condition. Built in 1992, it features several significant updates including a large kitchen with granite countertops, stainless steel appliances, and custom cabinetry. While the interior aesthetic—characterized by faux-painted textured walls, traditional light fixtures, and oversized diagonal tiling—is somewhat dated by modern standards, the home shows minimal physical depreciation and pride of ownership. The exterior, roofing, and landscaping appear to be in great shape, and the property benefits from high-end community amenities and a premium waterfront lot.
The property occupies an oversized lot featuring an impressive 1/4 mile elongated lake view, providing exceptional privacy and a prime vantage point for Arizona sunsets.
With full primary suites located on both the main and upper levels, the 5-bedroom floor plan offers rare flexibility for multi-generational living or high-end guest hosting.
Situated in the prestigious Val Vista Lakes, residents benefit from a resort-style clubhouse, tennis and pickleball courts, swimming pools, and lush walking paths.
Built in 1992, the home may feature some architectural elements or underlying systems that feel dated compared to contemporary luxury new-builds in the Gilbert area.
The assigned high school carries a rating of 5/10, which may be a point of concern for families prioritizing top-tier academic rankings in this price bracket.
Elongated lake views from the backyard of this Incredible home w/2 primary suites - One on the main level and one upstairs for a total of 5 bedrooms and 4 baths! Upgrades throughout including Huge U-shaped kitchen with island and custom painted leather-look cabinets & granite counters, gas range & breakfast room w/lake view. Oversized lot w/1/4 mile view of lake to enjoy gorgeous Arizona sunsets. Primary Suite features a 1917 Stained Glass Window from an English Castle! Oversized Tile on the diagonal & beamed ceilings. Award-winning Gilbert SchooVal Vista Lakes has churches, a school, a softball field, soccer fields, a basketball court, playgrounds, gardens, walking paths, swimming pools, lakes, tennis & pickleball courts, plus a large clubhouse. Upscale shopping & restaurants close by!
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades PK-6 • 1.0 mi
Grades 7-8 • 3.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 84% |
| Baths | 4.0 | 3.0 | 94% |
| Square foot | 3,568 | 2,039 | 92% |
| Lot Size | 13,547 | 6,913 | 92% |
| Price | $1.15M | $479.0K | 94% |
| Price per sq ft | $322 | $256 | 81% |
| Built year | 1992 | 1994 | 46% |
| HOA | $158 | $75 | 80% |
| Days on market | 62 | 2339 | 1% |
Feb 19, 2026
$1,150,000
Initial Listing