1334 W Sandpiper Drive, Gilbert, AZ 85233, Gilbert, 85233 - 4 bed, 4 bath
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Gilbert, AZ 85233
This Rare Waterfront Estate is a Prime Investment Opportunity, listed at $1,215,000—positioned well below the $1,251,795 Fair Market Value by 2%. This valuation gap offers $36,795 in Instant Equity. Featuring a Direct Waterfront View and a Private Boat Dock, the property maintains a Fair Condition Rating, presenting clear upside for value-add renovations. Located near Islands Elementary, this home combines a premium lakefront lifestyle with solid financial fundamentals. It is perfectly suited for Owner-Occupants or Lifestyle-Driven Buyers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1334 W Sandpiper Drive Subject | $1,215,000* List Price | 4 | 4 | 3,589 | $304 | - |
A 1450 W KEY LARGO Court Active Under Contract | $955,000 List Price | 4 | 3 | 2,776 | $344 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1987, this property is well-maintained but shows clear signs of its age. While it features some updates like wood-look flooring and neutral paint, the overall architectural style, stair carpeting, and fixtures appear dated. It fits the 'fair' criteria as a home over 20 years old that has had occasional updates but lacks a recent, comprehensive renovation to meet modern luxury standards.
This property offers a highly sought-after lakefront experience in Gilbert, featuring scenic water views and a dedicated docking area for a boat, which is an exceptionally rare amenity for the region.
With 3,589 square feet of living space and a four-bedroom, four-bathroom configuration, the home provides a generous and well-distributed floor plan that maximizes natural light and flow.
Situated in the heart of Gilbert within the Tres Vistas subdivision, the home enjoys a private backyard and immediate access to walking paths, top-tier dining, and convenient freeway access.
Built in 1987, the residence may require updates to major systems or modern cosmetic renovations to align with the expectations of buyers in the million-dollar-plus price bracket.
While the area is known for its schools, several of the assigned institutions currently hold average ratings (4/10), which may be a drawback for families prioritizing high-performance educational districts.
Welcome to this beautifully maintained home in the heart of Gilbert! Located at 1334 W Sandpiper Dr, this property offers a spacious and functional floor plan filled with abundant natural light and inviting living spaces perfect for both everyday living and entertaining. The kitchen flows seamlessly into the main living areas, creating a warm and open atmosphere. Step outside to a private backyard with plenty of room to relax or host gatherings. Situated in a highly desirable lake community featuring scenic water views, walking paths, and access to lakes with a dedicated docking area for your boat, an incredibly rare and sought-after feature. Conveniently located near top-rated schools, shopping, dining, and easy freeway access.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades PK-6 • 1.4 mi
Grades 6-8 • 1.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 4.0 | 2.0 | 97% |
| Square foot | 3,589 | 1,983.5 | 96% |
| Lot Size | 8,971 | 7,423 | 80% |
| Price | $1.22M | $215.0K | 97% |
| Price per sq ft | $339 | $100 | 90% |
| Built year | 1987 | 1994 | 10% |
| HOA | $401 | $104 | 97% |
| Days on market | 65 | 2502 | 1% |
Apr 3, 2026
$1,215,000
Initial Listing