
Gilbert, AZ 85234
This Stunning Move-In Ready Home is a Strong Value Opportunity, listed at $1,399,999—positioned well below the $1,450,837 Fair Market Value by 3%. This valuation gap offers $50,838 in Instant Equity. Featuring a rare Arizona basement, saltwater pool, and high-end interior renovations, the property boasts an Excellent Condition Rating. Located in a gated lake community near top-rated schools like Patterson Elementary, this residence is an ideal fit for multigenerational families or discerning owner-occupants seeking luxury and long-term value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1321 E TREASURE COVE Drive Subject | $1,399,999* List Price | 4 | 4 | 4,700 | $309 | - |
A 2012 E FREEPORT Lane Sold | $1,164,500 | 4 | 3 | 3,900 | $299 | 0.7 mi |
B 1442 E CATAMARAN Drive Active | $1,475,000 List Price | 6 | 4 | 4,670 | $316 | 0.3 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Despite being built in 1988, the property has undergone a comprehensive high-end renovation within the last 5 years. Key updates include a fully remodeled chef's kitchen with premium stainless appliances, spa-inspired bathrooms with Carrera marble and porcelain tile, and major system upgrades including newer HVAC with warranty and a tankless water heater.
The rare finished basement functions as a complete secondary living quarters with a kitchenette, bedroom, and fireplace, making it ideal for multigenerational living or a high-end guest suite.
The home features premium upgrades including a chef's kitchen with a custom island, a spa-inspired primary bath with a 10-jet shower, and refined architectural details like coffered ceilings and stone pillars.
The property boasts a saltwater pool, travertine patios, and a unique sunken concrete parking pad with an RV gate, providing discreet storage and a luxury resort-style backyard experience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4700, other record living area = 4280.
Despite extensive renovations, the 1988 construction year may result in some original structural or design elements that feel dated compared to contemporary luxury builds.
The assigned high school carries a moderate rating of 5/10, which may be a drawback for families prioritizing top-tier educational performance in this price bracket.
Nestled within the highly sought-after gated lake community of West Lake Estates in Gilbert, this exceptional 4-bedroom, 4-bathroom basement residence offers a rare blend of luxury, warmth, and thoughtful design. From the moment you enter through the gated travertine and stone courtyard, framed by lush mature landscaping and newly installed low-maintenance turf, the home invites you into a setting that feels both elegant and serene. Inside, a spacious open floor plan showcases upgraded flooring, coffered ceilings, custom stone pillars, a statement fireplace, and rich wooden plantation shutters, creating a refined and inviting atmosphere throughout. The split primary retreat is a true private sanctuary, featuring direct patio access, a custom walk-in closet system, and a beautifully... upgraded spa-inspired bath complete with a 10-jet walk-in shower, soaking tub, dual vanities with premium hardware, and porcelain tile flooring. Additional main-floor bedrooms are equally impressive, including an oversized walk-in closet and a fully remodeled Jack and Jill bath designed with a separate walk-in shower, stand-alone soaking tub, intricate tile detailing, and split vanities topped with Carrera marble. At the heart of the home, the chef's kitchen is appointed with a custom island, stainless steel double oven appliance package, built-in refrigerator/freezer, pantry, and French doors leading to a charming greenhouse atrium. Privately situated at the rear of the home, a versatile bonus room offers the perfect space for a guest suite, fitness studio, or flex living area, adjacent to a fully remodeled 3/4 bath with direct access to the travertine-covered patio and sparkling saltwater pool. The backyard continues to impress with an RV gate and a large sunken concrete parking pad designed for discreet private storage below the cinder block wall. One of the home's most distinctive features is the rare Arizona basement, filled with natural light and thoughtfully designed to function as a complete secondary living quarters with an additional primary bedroom and bath, kitchenette with wet bar and sink, fireplace, and expansive living space ideal for entertaining, multigenerational living, or a private kids' retreat. Additional upgrades include first-floor indoor laundry, an office/den, a 4-car garage with built-in storage and new garage door opener, soft water system, newer HVAC with warranty, tankless water heater, and full exterior paint completed in 2026. This is a home where every detail has been intentionally curated to impress - get your private tour today to fully experience this exceptional home in person.
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades PK-6 • 0.7 mi
Grades 7-8 • 4.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 3.0 | 92% |
| Square foot | 4,700 | 2,075.5 | 97% |
| Lot Size | 11,308 | 6,839 | 87% |
| Price | $1.40M | $454.8K | 96% |
| Price per sq ft | $298 | $233 | 74% |
| Built year | 1988 | 1994 | 26% |
| HOA | $1845 | $82 | 99% |
| Days on market | 40 | 2540 | 1% |
Apr 28, 2026
$1,399,999
Initial Listing