
Gilbert, AZ 85234
Analysis of 1402 E CORAL COVE Drive, Gilbert, AZ 85234 is currently available with a list price of $3,250,000. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Gilbert Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is moderate renovation needed.
The property was built in 2001 (23 years ago) and appears to retain most of its original interior finishes. While the home is grand and well-maintained, the kitchen features dated honey-oak cabinetry and the bathrooms show older tiled countertops and 'Hollywood' style light fixtures. It fits the 'fair' criteria as a property built over 20 years ago with functional but stylistically outdated components and no evidence of a major recent renovation.
Situated at the end of a quiet cul-de-sac in a gated community, this estate offers rare waterfront living with sweeping lake views and sunset vistas.
The home features an attached guest suite with its own kitchen and living area, plus a lower level with private quarters, ideal for extended families or long-term guests.
Designed for high-end entertaining, the property includes a 720-bottle wine room, a private home theater, a fully equipped gym, and a secondary kitchen.
With over 11,000 square feet of living space and significant association fees, the property entails substantial ongoing maintenance and operational expenses.
Despite the luxury price point, the assigned high schools carry moderate ratings (5-6), which may be a consideration for education-focused families.
Experience a rare lakeside lifestyle in the desert within the gated community of West Lakes Estates. Tucked at the end of a quiet cul de sac, this timeless estate captures sweeping lake views and unforgettable Arizona sunsets, creating a truly picturesque setting. A grand staircase makes a striking first impression, setting the tone for the home's elegant interiors, including a formal dining room illuminated by a crystal chandelier. The spacious kitchen is designed for both beauty and function, featuring granite countertops, high end appliances, and an oversized island that flows seamlessly into the family room with a gas fireplace and soaring ceilings. A private home theater adds to the home's impressive amenities. The lower level is an entertainer's dream, complete with a secondary kitchen, expansive game room, 720 bottle wine room, private living quarters, and a fully equipped home gym. Upstairs, five well appointed bedrooms plus an attached guest suite with its own kitchen and living area, ideal for extended stays or multi generational living. The primary suite is both grand and inviting, featuring a charming sitting room overlooking the lake, a spacious walk in closet, dual vanities, a jetted soaking tub, and a walk in shower. Residents enjoy access to community amenities including pickleball and tennis courts, all while being ideally located in one of Gilbert's most sought after neighborhoods. This is a rare opportunity to enjoy refined, resort style living with a lakeside backdrop in the heart of the desert.
No exterior & parking available.
Grades PK-6 • 0.4 mi
Grades PK-6 • 0.8 mi
Grades 7-8 • 4.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 8.0 | 4.0 | 99% |
| Baths | 9.0 | 3.0 | 99% |
| Square foot | 11,319 | 2,039 | 99% |
| Lot Size | 21,597 | 6,913 | 94% |
| Price | $3.25M | $479.0K | 99% |
| Price per sq ft | $287 | $256 | 69% |
| Built year | 2001 | 1994 | 81% |
| HOA | $2030 | $75 | 99% |
| Days on market | 19 | 2339 | 1% |
Apr 3, 2026
$3,250,000
Initial Listing