Welcome to Treasure Cove, an exceptional lakefront BASEMENT home offering 5 bedrooms, 4.5 bathrooms, and 5,731 sqft of thoughtfully designed living in one of Gilbert's most sought-after communities. Experience true Arizona resort-style living in your own backyard, complete with a negative-edge pool and spa, built-in BBQ, sunken fireplace, outdoor shower, and private dock with direct lake access. Whether it's kayaking at sunrise, paddleboarding in the afternoon, or unwinding with sunset views over the water, this home delivers a lifestyle few can match. Inside, you're welcomed by soaring ceilings and an expansive open-concept layout designed for both everyday living and elevated entertaining. The spacious great room flows seamlessly into the kitchen, featuring granite countertops, abundan cabinetry, and generous prep space. A double-door den offers flexibility as a private office or optional sixth bedroom. The oversized primary suite is a true retreat, showcasing serene lake views, a cozy fireplace, spa-inspired ensuite bath, and a spacious walk-in closet. Downstairs, the fully finished basement expands your living options with a full kitchen, two additional bedrooms, a full bathroom, fireplace, and its own private entrance--ideal for multi-generational living, guests, or extended stays. Enhancing convenience between levels, the home also features a built-in dumbwaiter, allowing for effortless transport of laundry, groceries, meals, or everyday essentials between the basement and main kitchen. Located within the prestigious Val Vista Lakes community, residents enjoy access to world-class amenities including a multi-million-dollar clubhouse, sandy beach lagoon, tennis and pickleball courts, a fitness center, heated Olympic-style pool and spa, and scenic walking and biking trails, all surrounded by lush, waterfront beauty. This is more than a home, it's a lifestyle. A rare opportunity to own lakefront living in one of Gilbert's premier master-planned communities.