16840 E Fairview Lane, Gilbert, AZ 85295, Gilbert, 85295 - 4 bed, 4 bath
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16840 E Fairview Lane
Gilbert, AZ 85295
ACTIVE
CONDITION: EXCELLENT
4Beds
4Baths
3,200Sq Ft
77,101Lot Size
Property Price
LIST PRICE$2,500,000
SUMMARY
Analysis of 16840 E Fairview Lane, Gilbert, AZ 85295 is currently available with a list price of $2,500,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. 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.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although built in 1980, the property has undergone a comprehensive high-end renovation within the last 5 years. The interior features mint-condition modern farmhouse finishes, updated bathrooms with designer fixtures, new flooring, and upgraded systems including mini-split HVAC and a new pool/spa.
PROSSTRENGTHS & OPPORTUNITIES
- High Available Lot Utilization
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 77101, living area = 3200.
- Versatile Event Barn
The property features a unique air-conditioned barn converted into a luxury event space with electricity and restrooms, offering incredible flexibility for hosting or conversion back to a six-stall horse facility.
- Luxury Guest Casita
A substantial 800 sqft luxury casita provides a high-end, independent living space that functions as a second home, ideal for multi-generational living or premium guest accommodations.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =77101, other record lot size in square feet = 77406. Living area discrepancy between mls listing and other public or private record. mls listing living area = 3200, other record living area = 1253.
- Premium Price Point
With a listing price of $2.5 million for a 3,200 sqft main residence, the property sits at the top of the local market, which may limit the pool of qualified buyers.
- High Maintenance Requirements
The extensive acreage, multiple detached structures, and large pool area demand significant ongoing maintenance and higher utility costs compared to standard residential properties.
About 16840 E Fairview Lane
Finding acreage in Gilbert is rare. Finding it with this much versatility is something else entirely. Set on 1.7 acres, this remodeled farmhouse comes with an 800 sq ft luxury casita, giving guests or multi-generational living a space of their own. Outside, a new pool and spa create the perfect Arizona retreat, while the property offers plenty of room for horses, toys and everything in between. The air-conditioned barn has been transformed into an impressive event space with electricity, speakers and restrooms, yet can still be converted back to six stalls. A hay barn and RV hookup add even more flexibility. Horse property, family compound, entertainer's dream... this is Gilbert living on a completely different scale.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1980
- Lot Size
- 77,101 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 3,200 | 2,210.986 |
| Lot Size | 77,101 | 7,346.256 |
| Price | $2.50M | $598.8K |
| Price per sq ft | $781 | $280 |
| Built year | 1980 | 2003 |
| HOA | $0 | $224 |
| Days on market | 34 | 71 |
Pricing History
Listed for Sale
Aug 6, 2026
$2,500,000
Initial Listing