
Gilbert, AZ 85233
This Stunning Waterfront Residence is a Strong Value Opportunity, listed at $1,320,000—positioned well below the $1,375,591 Fair Market Value by 4%. This valuation gap offers $55,591 in Instant Equity. Featuring a Mint Condition Rating with high-end renovations, the home includes a private boat dock, pool, and spa. While local school ratings vary, the property’s unique lakefront lifestyle and expansive 4,628 sqft layout provide exceptional long-term value. This is an ideal acquisition for Luxury Homeowners or Discerning Buyers seeking a turnkey waterfront sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1401 W SANDPIPER Drive Subject | $1,250,500* List Price | 4 | 3 | 4,628 | $286 | - |
A 1030 W CALYPSO Court Active | $1,175,000 List Price | 5 | 4 | 3,911 | $300 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Although built in 1993, the property has undergone a comprehensive high-end renovation within the last 5 years. The kitchen is fully modernized with white shaker cabinetry, quartz countertops, a subway tile backsplash, and stainless steel appliances. The interior features updated large-format tile flooring, contemporary lighting, and fresh paint throughout, meeting the criteria for mint condition with no deferred maintenance.
Situated on a cul-de-sac in 'The Islands,' this property features a private boat dock and an extended balcony, offering rare lakefront access and exceptional outdoor entertaining capabilities.
The home boasts over 4,600 square feet of living space with soaring 20-foot ceilings and massive waterfront windows, creating a grand, light-filled atmosphere that is difficult to replicate.
The inclusion of a spacious downstairs primary retreat with a spa-like bathroom, combined with separate formal and informal living areas, provides a versatile layout suitable for multi-generational living or high-end hosting.
While the local elementary school is well-regarded, the assigned middle and high schools currently hold lower performance ratings (4/10), which may be a deterrent for families prioritizing top-tier education.
The 1993 construction, combined with the significant square footage and specialized waterfront features like a private dock and pool, suggests higher long-term maintenance and insurance obligations for the owner.
Experience true waterfront living in this exceptional custom home located in the highly desirable lake community of The Islands. Tucked away on a cul-de-sac surrounded by custom residences, this one-of-a-kind property offers breathtaking lake views, a private pool, and an incredible backyard designed for entertaining. Enjoy lakeside dining from the extended balcony overlooking the water, or spend evenings fishing and relaxing from your private boat dock. Inside, the home features a spacious open layout with soaring 20-foot ceilings and expansive waterfront windows that fill the space with natural light. The modern kitchen is designed for both everyday living and entertaining, offering generous counter space, abundant cabinetry, and a seamless flow into the main living areas. The home also includes a formal dining room and separate formal living space, creating the perfect setup for hosting guests or enjoying quiet evenings at home. The downstairs primary suite is a true retreat, featuring two walk-in closets and an oversized spa-like bathroom with plenty of room to relax and unwind. Upgrades can be found throughout the home, making this a rare opportunity to own a truly unique lakefront property in one of the area's most sought-after neighborhoods. Beyond the home itself, the location is hard to beat. Conveniently located in Gilbert with quick access to major freeways, this property is just minutes from both Downtown Gilbert and Downtown Chandler, giving you easy access to some of the area's best dining, shopping, nightlife, and entertainment options while still enjoying the privacy and tranquility of lakefront living. The Islands community is known for its scenic lakes, walking paths, lush mature landscaping, parks, and unique waterfront lifestyle rarely found in Arizona. Residents enjoy a peaceful atmosphere with opportunities for boating, fishing, kayaking, and evening walks around the water, all while being centrally located near everything the Southeast Valley has to offer.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades PK-6 • 1.3 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 | 3.0 | 2.0 | 58% |
| Square foot | 4,628 | 1,969 | 99% |
| Lot Size | 10,158 | 7,340 | 86% |
| Price | $1.25M | $0 | 98% |
| Price per sq ft | $270 | $0 | 65% |
| Built year | 1993 | 1994 | 43% |
| HOA | $401 | $101 | 96% |
| Days on market | 32 | 2509 | 1% |
Jun 4, 2026
$1,250,500
$1,320,000
-5% Price Drop
Initial Listing
May 13, 2026
$1,320,000
Initial Listing