1450 W KEY LARGO Court, Gilbert, AZ 85233, Gilbert, 85233 - 4 bed, 3 bath
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Gilbert, AZ 85233
This Waterfront Single-Level Residence is a Strong Value Opportunity, listed at $955,000—positioned well below the $1,054,769 Fair Market Value by 9%. This valuation gap offers $99,769 in Instant Equity. Boasting a Fair Condition Rating with a scheduled remodel, the 2,776 sqft interior features vaulted ceilings and new appliances. Proximity to Islands Elementary and direct lake access enhances its long-term desirability. This property is a strategic acquisition for Owner-Occupants looking to build wealth or Buy-and-Hold Investors seeking a premium asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1450 W KEY LARGO Court Subject | $955,000* List Price | 4 | 3 | 2,776 | $380 | - |
A 1042 W BRUCE Avenue Sold | $669,990 | 4 | 3 | 2,118 | $316 | 0.7 mi |
B 1526 W SEA HAZE Drive Sold | $763,300 | 4 | 3 | 2,690 | $284 | 0.4 mi |
C 1032 S COPPER KEY Court Sold | $699,000 | 3 | 2 | 2,592 | $270 | 0.9 mi |
D 510 S LAGOON Drive Active | $995,888 List Price | 4 | 3 | 2,493 | $399 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property was built in 1990 (34 years old), placing it within the 25-40 year range typical of the 'fair' category. While the kitchen features new matching appliances and the home is well-maintained with plantation shutters, the listing explicitly states the home is 'scheduled to be remodeled,' confirming that the current interior condition and styles are dated and require updates to meet modern standards.
Situated in the highly desirable community of The Islands, this property offers rare lakefront living with breathtaking water views and direct access to the picturesque Gilbert lifestyle.
The spacious 2,776 sqft floor plan features vaulted ceilings and a single-story design, providing excellent accessibility and a seamless flow between the four bedrooms and den.
The home boasts high-end finishes including plantation shutters, a large kitchen island with new matching appliances, and a primary suite with a walk-in shower and dual sinks.
The listing indicates the home is scheduled to be remodeled, which may create timing conflicts or uncertainty regarding the final finishes for potential buyers.
While the local elementary school is rated well, the assigned middle and high schools have lower ratings, which may be a consideration for education-focused families.
Waterfront SINGLE LEVEL, located in the picturesque town of Gilbert AZ in the highly desirable community of The Islands. home is scheduled to be remodeled Home boasts vaulted ceilings, formal dining and living areas, plantation shutters, plenty of storage and more! As you enter, you'll be greeted by a spacious and open floor plan that seamlessly flows from room to room. The living room boasts vaulted ceilings, large windows that offer breathtaking views of the lake, The open kitchen offers new matching appliances, and a large island with a breakfast bar. The large primary bedroom includes an ensuite with double sinks, walk-in shower, and spacious walk-in closet. With four bedrooms and a den this home provides ample space for relaxation and entertainment.
No exterior & parking available.
Grades PK-6 • 0.1 mi
Grades PK-6 • 1.2 mi
Grades 6-8 • 1.5 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 | 57% |
| Square foot | 2,776 | 1,963 | 83% |
| Lot Size | 9,213 | 7,144 | 84% |
| Price | $955.0K | $443.0K | 95% |
| Price per sq ft | $344 | $230 | 91% |
| Built year | 1990 | 1994 | 20% |
| HOA | $347 | $102 | 94% |
| Days on market | 58 | 2291 | 1% |
Feb 23, 2026
$955,000
Initial Listing
Mar 16, 1990
$187,127
Public Record