21230 S 156TH Street, Gilbert, AZ 85298, Gilbert, 85298 - 5 bed, 5 bath
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Gilbert, AZ 85298
This Custom Santa Fe Estate is a High-Potential Investment Opportunity, listed at $1,720,000—positioned above the $1,638,712 Fair Market Value. While the property carries a premium, its Condition Rating of 3 reflects extensive modern updates, including a Gourmet Kitchen and Travertine Flooring. The estate offers significant utility through its 8-stall brick barn, detached casita, and diving pool, providing a unique lifestyle for equestrian enthusiasts. Given the complex acreage split and high maintenance requirements, this property is best suited for Equestrian Hobbyists or Owner-Occupants seeking a turnkey, luxury compound.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 21230 S 156TH Street Subject | $1,650,000* List Price | 5 | 5 | 4,399 | $361 | - |
A 21613 S 154TH Street Active | $1,590,000 List Price | 6 | 4 | 5,700 | $279 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While originally built in 1995, the property has been extensively updated and is in move-in ready condition. The gourmet kitchen is a standout feature with high-end Cafe appliances, custom two-toned cabinetry, and granite countertops that meet modern luxury standards. The interior features high-quality travertine flooring and vaulted ceilings with custom stone work. Although the structure is nearly 30 years old, the level of maintenance and the quality of the recent renovations in the primary living areas elevate it well above the fair category.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 70709, living area = 4399.
The property is a premier horse estate featuring an 8-stall brick barn with automatic waterers, a grooming bay, tack rooms, and 1.6 irrigated acres, complemented by a 60-foot covered RV port with hookups.
The estate offers exceptional flexibility for multi-generational living or a home business, featuring a detached casita with a private entrance plus an additional guest suite with its own full bath and entry.
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =70709, other record lot size in square feet = 120269. Living area discrepancy between mls listing and other public or private record. mls listing living area = 4399, other record living area = 3285.
The extensive equestrian facilities, large irrigated lot, and diving pool demand significant ongoing labor and financial investment to maintain the property's luxury standards.
As this listing represents only the front 1.6 acres of a larger 2.76-acre parcel, buyers may find the boundary limitations or the necessity to purchase the full lot under a separate MLS number to be a complicating factor.
Custom Santa Fe home - No HOA! - Front property with house only -- 1.6 irrigated acres on a County Island. Entire 2.76 available per MLS #6982091 at $2,225,000. This beautifully custom home offers the perfect blend of luxury, comfort, and functionality. A charming courtyard entry welcomes you to this spacious property, featuring a 4-bedroom, 4-bathroom main house plus a detached casita with private entrance--ideal for hosting guests or operating a home business. Designed with the chef in mind, the gourmet kitchen boasts a large island with prep sink, high-end natural gas stove, Cafe refrigerator, built-in microwave, under-counter refrigerator drawers, and exquisite two-toned custom wood cabinetry. Granite countertops, a farmhouse sink, travertine backsplash, and a generous walk-in pantry complete this culinary masterpiece with beamed ceilings. The great room stuns with vaulted ceilings, stone fireplace, offering an open yet cozy ambiance. Enjoy both an eat-in nook and a formal dining area for gatherings. Travertine flooring flows throughout the home, adding elegance and durability. Retreat to the guest suite with its own full bath and private entrance for added convenience. Step outside to an entertainer's backyard complete with a diving pool featuring a water feature and in-pool seating with a table, an extended covered patio, and a built-in bar with grill and sink, all shaded under a beautiful pergola. Just beyond the main home lies a fully equipped 8-stall brick barn with automatic waterers, grooming bay, tack room with bathroom, and additional storage room. Toward the back of the property, you'll also find a second tack room, 60 x 25 foot covered RV parking with hookups. This unique property offers the ultimate in luxury, privacy, and space with all the amenities needed for horses, hobbies, and hosting. Come experience the best of living in this one-of-a-kind estate.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 0.0 |
| Baths | 5.0 | 0.0 |
| Square foot | 4,399 | - |
| Lot Size | 70,709 | - |
| Price | $1.65M | $554.5K |
| Price per sq ft | $375 | $287 |
| Built year | 1995 | 0 |
| HOA | $0 | $0 |
| Days on market | 130 | 2717 |
May 31, 2026
$1,650,000
$1,720,000
-4% Price Drop
Initial Listing
May 10, 2026
$1,720,000
$1,725,000
+0% Price Increase
Initial Listing
Mar 15, 2026
$1,725,000
Initial Listing