1511 E BLACK DIAMOND Drive, Gilbert, AZ 85296, Gilbert, 85296 - 4 bed, 2 bath
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Gilbert, AZ 85296
This Updated Golf Course Residence is a Strong Value Opportunity, listed at $560,000—positioned well below the $587,247 Fair Market Value by 4%. This valuation gap provides $27,247 in Instant Equity for the buyer. Boasting a Condition Rating of 3, the home features a renovated kitchen, golf course frontage, and major updates including a 2019 HVAC system. Located near top-rated schools like Mesquite Elementary, it perfectly balances lifestyle luxury with financial upside. This is an ideal acquisition for Owner-Occupants seeking a turnkey sanctuary or Buy-and-Hold Investors looking for a stable asset.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1511 E BLACK DIAMOND Drive Subject | $560,000* List Price | 4 | 2 | 1,925 | $305 | - |
A 960 E SARATOGA Street Sold | $465,000 List Price | 4 | 2 | 1,656 | 0.9 mi | |
B 891 E SHERRI Drive Sold | $492,500 | 3 | 3 | 2,041 | $241 | 0.8 mi |
C 1079 E JASPER Drive Sold | $606,000 | 4 | 3 | 2,324 | $261 | 0.6 mi |
D 2009 E APPALOOSA Road Sold | $400,000 | 3 | 3 | 1,625 | $246 | 0.8 mi |
E 2150 E PINTO Drive Sold | $425,000 | 3 | 3 | 1,610 | $264 | 0.9 mi |
F 1421 S NIELSON Street Sold | $550,000 | 4 | 2 | 1,642 | $335 | 0.6 mi |
G 1074 E ARABIAN Drive Active | $540,000 List Price | 4 | 2 | 1,762 | $306 | 0.7 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is move-in ready and well-maintained with several key updates. The kitchen features stainless steel appliances, granite countertops, and updated lighting. Major systems and cosmetic elements have been addressed recently, including a new HVAC (2019), updated bathrooms (2019), and fresh exterior paint (2023). While the home was built in 1996, these renovations and the overall clean condition of the flooring and fixtures meet the criteria for a 'good' rating.
The property backs directly onto the Western Skies Golf Course, providing premium views and an enhanced sense of privacy and open space that is highly coveted in the Gilbert market.
Major high-ticket items have been recently addressed, including a new HVAC system in 2019, exterior paint in 2023, and comprehensive kitchen and bathroom updates in 2019, reducing immediate move-in costs.
The home is perfectly situated with quick access to the 202 and US-60 freeways, and is minutes away from premier shopping at San Tan Mall and the popular dining district of Downtown Gilbert.
At 5,489 square feet, the lot is relatively small for a four-bedroom home, which may limit outdoor recreational space or the potential for a large private pool.
While many systems are updated, the 1996 original construction means certain elements like windows, roofing, or plumbing may be approaching the end of their typical lifecycle compared to newer builds.
Beautiful single-story home with Golf Course views backing to Western Skies Golf Course. Updated kitchen features stainless steel appliances, new pendant lights, painted cabinets, and a spacious island with ample counter and cabinet space. The primary suite offers a stunning ensuite with a refreshed walk-in shower and tub. Three additional bedrooms, inside laundry, living and family rooms, programmable thermostat, and direct garage entry. Exterior painted in 2023; HVAC updated in 2019. New carpets and flooring in the family room (2019). Two bathrooms updated in 2019 with new tubs/showers and toilets. Conveniently close to the 202 and US-60, shopping, San Tan Mall, dining, and Downtown Gilbert. Unbeatable location. Updated Interior Photos Coming Soon.
No exterior & parking available.
Grades PK-6 • 1.1 mi
Grades 7-8 • 1.5 mi
Grades 8-12 • 3.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 3.0 | 43% |
| Square foot | 1,925 | 2,089 | 44% |
| Lot Size | 5,489 | 6,743 | 26% |
| Price | $560.0K | $445.0K | 69% |
| Price per sq ft | $291 | $232 | 75% |
| Built year | 1996 | 2001 | 21% |
| HOA | $160 | $140 | 62% |
| Days on market | 30 | 2577 | 1% |
Mar 24, 2026
$560,000
Initial Listing