1242 E CANARY Drive, Gilbert, AZ 85297, Gilbert, 85297 - 6 bed, 5 bath
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Gilbert, AZ 85297
This Exceptional Multi-Generational Estate is listed at $999,000—positioned well below the $1,017,036 Fair Market Value by 1%. This competitive entry point secures $18,036 in Instant Equity for a property in Move-In Ready Condition. Featuring a semi-custom pool, 4-car garage, and a rare dual main-level suite layout, the home offers unparalleled functional flexibility. Located within a top-rated school district minutes from Gilbert’s premier entertainment, it perfectly balances suburban luxury with long-term financial stability. This is a premier acquisition for Large Families or Multi-Generational Households.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1242 E CANARY Drive Subject | $999,000* List Price | 6 | 5 | 4,778 | $213 | - |
A 1355 E CLARK Drive Sold | $699,999 List Price | 4 | 3 | 2,900 | 0.8 mi | |
B 1308 E FLAMINGO Court Active | $960,000 List Price | 6 | 5 | 4,778 | $201 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained, featuring a mix of original 2004 architecture and modern updates. Key highlights include two fully renovated bathrooms, upgraded stainless steel KitchenAid appliances, and contemporary light fixtures. While the kitchen cabinetry and tile flooring reflect the original build period, they are in excellent condition, and the overall aesthetic is updated with neutral paint and a modern fireplace surround.
With six bedrooms and two main-level suites, including a private guest wing, the floor plan offers exceptional flexibility for large or multi-generational families.
The expansive backyard features a semi-custom pool, built-in grill station, and mature citrus trees, perfectly capturing the Arizona indoor-outdoor lifestyle.
The rare four-car garage and long driveway provide significant space for multiple vehicles and storage, a highly desirable feature in the Gilbert market.
Given the 2004 build date, major mechanical systems such as HVAC units or pool equipment may be approaching the end of their functional lifespan and require near-term investment.
The substantial 4,778-square-foot living area and pool maintenance requirements will likely result in significant monthly utility and upkeep costs for the homeowner.
6 Bedrooms | Semi-Custom Pool Home | 4-Car Garage | Top Rated Schools Space, flexibility, and location come together in this exceptional home, designed for the way people live. The thoughtfully designed floor plan allows everyone to have their own space while keeping daily life connected and comfortable. At the heart of the home, the family room opens to a chef's kitchen designed for effortless entertaining and everyday convenience, equipped with upgraded appliances, a butler's pantry, and a large walk-in pantry Owner's suite on the main level is a peaceful escape offering two walk-in closets with custom built-ins, dual vanities, soaking tub, and walk-in shower Separate main level guest suite, Four additional bedrooms upstairs with two fully renovated bathrooms... The oversized loft serves as the ultimate flex space -- easily accommodating a media room, game area, or second living room. Step outside and experience true Arizona living in an expansive, private backyard with a sparkling pool, built-in outdoor grill station, and mature citrus trees. Wide neighborhood streets with spaced out homes, set back to allow long driveways and privacy. Minutes to Gilbert's newest shopping, dining, and entertainment. Quick access to Loop 202. Homes offering this combination of size, layout, school access, and location rarely become available.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 99% |
| Baths | 5.0 | 3.0 | 95% |
| Square foot | 4,778 | 2,408 | 97% |
| Lot Size | 11,645 | 7,700 | 87% |
| Price | $999.0K | $450.0K | 94% |
| Price per sq ft | $209 | $214 | 49% |
| Built year | 2004 | 2004 | 50% |
| HOA | $231 | $214 | 55% |
| Days on market | 54 | 2392 | 1% |
Feb 27, 2026
$999,000
Initial Listing