1238 W SEASHORE Drive, Gilbert, AZ 85233, Gilbert, 85233 - 3 bed, 3 bath
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Gilbert, AZ 85233
This Spacious Traditional Home in the Islands community represents a Strong Value Opportunity, listed at $450,000—positioned well below the $488,990 Fair Market Value by 7%. This valuation gap offers $38,990 in Instant Equity for the buyer. With a Condition Rating of 3, the home features recent mechanical upgrades including a 2025 water heater and 2020 HVAC. While school ratings are moderate, the scenic lake location and vaulted ceilings provide significant lifestyle appeal for Owner-Occupants or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1238 W SEASHORE Drive Subject | $450,000* List Price | 3 | 3 | 1,638 | $299 | - |
A 861 W SHELLFISH Drive Sold | $550,000 | 3 | 3 | 1,704 | $323 | 0.9 mi |
B 861 W SHELLFISH Drive Sold | $550,000 | 3 | 3 | 1,704 | $323 | 0.9 mi |
C 1334 W SEASHORE Drive Sold | $399,998 List Price | 3 | 2 | 1,852 | 0.1 mi | |
D 518 S QUAIL Lane Sold | $375,000 List Price | 3 | 2 | 1,642 | 0.7 mi | |
E 518 S QUAIL Lane Sold | $510,000 List Price | 3 | 2 | 1,642 | 0.7 mi | |
F 354 S BAY SHORE Boulevard Sold | $505,000 | 3 | 2 | 1,582 | $319 | 0.1 mi |
G 1308 W STARFISH Drive Active | $499,900 List Price | 3 | 2 | 1,600 | $312 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1987, the property is well-maintained and move-in ready with significant recent capital improvements including a new HVAC system and dual-pane windows (2020) and a water heater (2025). The interior features functional tile flooring and plantation shutters, though some cosmetic updates like carpeting may be needed.
The property features significant mechanical and efficiency upgrades, including a new water heater (2025) and a replaced AC and dual-pane windows (2020), reducing immediate move-in costs for the buyer.
Situated in the highly desirable Islands lake community, the home offers a scenic lifestyle with walking paths and close proximity to the dining and entertainment hub of Downtown Gilbert.
Vaulted ceilings throughout the living areas create a bright, airy, and open atmosphere that makes the 1,638 square foot layout feel more expansive.
The assigned secondary schools, Mesquite Junior High and Mesquite High School, carry lower ratings (4/10), which may be a deterrent for families prioritizing top-tier educational performance.
The association fee of $313 represents a significant recurring monthly expense that may impact the overall affordability and debt-to-income ratio for some prospective buyers.
Welcome to 1238 W Seashore Drive in the Islands community in Gilbert. This home features a newer water heater (2025), and an AC and dual pane windows replaced in 2020 for added comfort and efficiency. Vaulted ceilings create a bright, open feel throughout the living spaces. Enjoy life in a scenic lake community with walking paths and a welcoming atmosphere, just minutes from Downtown Gilbert.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades PK-6 • 1.1 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 | 40% |
| Baths | 3.0 | 2.0 | 59% |
| Square foot | 1,638 | 1,963 | 20% |
| Lot Size | 5,497 | 7,340 | 13% |
| Price | $450.0K | $215.0K | 53% |
| Price per sq ft | $275 | $100 | 63% |
| Built year | 1987 | 1994 | 10% |
| HOA | $313 | $104 | 92% |
| Days on market | 39 | 2502 | 1% |
Apr 28, 2026
$450,000
Initial Listing