1748 E QUEEN PALM Drive, Gilbert, AZ 85234, Gilbert, 85234 - 4 bed, 3 bath
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Gilbert, AZ 85234
This Custom Lakefront Estate is listed at $1,685,000, aligning perfectly with its $1,685,000 Fair Market Value. Boasting a Condition Rating of 3, the residence features over $200,000 in recent structural upgrades including a new roof, HVAC, and windows, ensuring long-term mechanical reliability. The property offers a premier lifestyle with a unique 4.5-car RV garage, private boat dock, and an inground spa overlooking unobstructed mountain views. Located near top-rated Patterson Elementary, this home balances significant capital improvements with a $30,000 redecorating allowance. It is an ideal sanctuary for luxury-seeking families or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1748 E QUEEN PALM Drive Subject | $1,685,000* List Price | 4 | 3 | 4,284 | $393 | - |
A 2036 E CATAMARAN Drive Sold | $1,245,000 | 4 | 4 | 3,300 | $377 | 0.6 mi |
B 1507 E TREASURE COVE Drive Sold | $1,610,000 | 3 | 4 | 3,633 | $443 | 0.5 mi |
C 1407 E CORAL COVE Drive Active | $1,895,000 List Price | 5 | 4 | 4,342 | $436 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
The property is in high-quality, move-in ready condition, bolstered by over $200,000 in recent capital improvements to major systems including the roof, HVAC, and windows. While the interior styling is dated—featuring 1990s-era oak cabinetry, cathedral-style cupboard doors, and extensive brickwork—the home is exceptionally well-maintained. The kitchen features granite countertops and functional appliances, and the overall structure shows no signs of deferred maintenance. The inclusion of a $30,000 redecorating allowance acknowledges the need for cosmetic modernization, but the underlying quality and newness of the major mechanical components elevate it to the 'good' category.
The property features a private boat dock and an inground spa with waterfall, offering direct lake access and some of the best lake and mountain views in Val Vista Lakes.
A rare 4.5-car garage specifically designed to accommodate a motor home, boat, or RV provides unique utility and storage capacity that is highly sought after but difficult to find.
With over $200,000 recently invested in a new roof, HVAC systems, and windows, the home offers enhanced energy efficiency and peace of mind regarding major structural components.
The inclusion of a $30,000 redecorating allowance and the mention of 1990s-era brick and oak decor suggest the interior may require significant cosmetic modernization to meet current luxury standards.
The combination of a large 4,284 sq. ft. floor plan, a waterfront lot, and the age of the 1994 construction will likely result in higher ongoing utility and property upkeep costs.
$30,000 allowance included for interior redecorating changes per buyers' taste. Home is custom throughout! 4.5 car Garage for Motor Home, Boat or RV Parking w/Absolutely the BEST lake views in Val Vista Lakes! Over $200k in recent roof, ac's & windows for enjoying the Lake & Mountain views. Huge gourmet kitchen & island + large breakfast room, brick & oak decor, Oversized Primary Suite w/balcony showcases the Lake & Mountain Views! There is another complete suite upstairs w/kitchen, bath & bedroom! The RV garage is unique! Enjoy the lake from the inground spa w/waterfall, plus a boat dock so you can boat to the clubhouse for pickleball & tennis courts. Jr. Olympic pool, Sandy Beach, workout & locker rooms. N/S exposure! Upscale shopping close by plus restaurants & freeway access.
No exterior & parking available.
Grades PK-6 • 0.2 mi
Grades PK-6 • 0.8 mi
Grades 7-8 • 4.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 4,284 | 2,039 | 98% |
| Lot Size | 12,236 | 6,913 | 91% |
| Price | $1.69M | $479.0K | 98% |
| Price per sq ft | $393 | $256 | 96% |
| Built year | 1994 | 1994 | 50% |
| HOA | $158 | $75 | 80% |
| Days on market | 179 | 2339 | 6% |
Oct 25, 2025
$1,685,000
Initial Listing