1531 W SHERRI Drive, Gilbert, AZ 85233, Gilbert, 85233 - 4 bed, 2 bath
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Gilbert, AZ 85233
This Resort-Style Lake Community Residence is listed at $785,000, representing a premium lifestyle choice in the coveted Islands Community. While positioned above the $611,559 Fair Market Value, over $100,000 in recent upgrades and a prime cul-de-sac location support this valuation. Holding a Condition Rating of 4, the home features granite and soapstone counters, an updated pool, and a covered patio with an outdoor kitchen and fireplace. Served by Islands Elementary and Chandler High School, this property offers a complete staycation experience. This is a premier choice for Owner-Occupants or growing families seeking a move-in-ready sanctuary.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1531 W SHERRI Drive Subject | $755,000* List Price | 4 | 2 | 2,393 | $281 | - |
A 1224 W SHERRI Drive Sold | $760,000 List Price | 4 | 3 | 2,856 | 0.3 mi | |
B 920 W GRAND CAYMEN Drive Sold | $716,500 | 5 | 3 | 2,597 | $276 | 0.8 mi |
C 1520 W DEVON Drive Active Under Contract | $709,000 List Price | 4 | 2 | 2,393 | $296 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1989 (35 years old), the property falls into the 'Fair' category as it is over 20 years old with dated features. While the listing highlights $100k in upgrades including new paint and carpet, the kitchen retains older oak cabinetry and black appliances, and the fireplace tile is dated. It is functional and move-in ready but requires modernization of the primary living areas and baths to meet current 'Excellent' or 'Good' standards.
The property features a large updated pool with custom mosaic tiling, an outdoor kitchen with a fireplace, and a private cul-de-sac lot, creating a premium 'staycation' environment.
Boasts over $100,000 in improvements, including brand new paint, carpeting, epoxy garage floors, and high-end granite and soapstone countertops throughout the home.
Situated in the highly coveted Islands master-planned community in Gilbert, offering residents access to luxury lake-style living and a desirable cul-de-sac position.
The assigned public schools for this address currently hold ratings between 4 and 6, which may be a drawback for buyers prioritizing top-tier educational performance.
Originally built in 1989, the home may soon require capital expenditures for major systems like the roof or HVAC as they approach the end of their typical functional lifespan.
This luxurious single-story home, located in the prestigious Islands Community, promises resort-style living. Situated on a private cul-de-sac lot, the home features 4 bedrooms with fresh paint, new carpeting and ceiling fans throughout. The interior is marked by soaring vaulted ceilings, custom faux painted walls, and a sunset wall in the dining room. A spacious layout includes granite and soapstone counters, and THREE fireplaces in the primary bedroom, family room, and outdoor kitchen/grill/bar area. The property boasts a 3 car garage w new epoxy floors, tons of storage, and a 4th driveway. The large, heated pool is adorned with ombre walls, a custom mosaic tile feature and a Corinthian column. Over $100,000 in upgrades enhance the staycation lifestyle in this lake community.
No exterior & parking available.
Grades PK-6 • 0.3 mi
Grades PK-6 • 1.2 mi
Grades 6-8 • 2.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 2,393 | 1,983.5 | 73% |
| Lot Size | 9,540 | 7,423 | 85% |
| Price | $755.0K | $215.0K | 91% |
| Price per sq ft | $316 | $100 | 79% |
| Built year | 1989 | 1994 | 13% |
| HOA | $401 | $104 | 97% |
| Days on market | 39 | 2502 | 1% |
May 31, 2026
$755,000
$760,000
-1% Price Drop
Initial Listing
May 17, 2026
$760,000
$785,000
-3% Price Drop
Initial Listing
Apr 29, 2026
$785,000
Initial Listing