2174 E MEAD Drive, Gilbert, AZ 85298, Gilbert, 85298 - 6 bed, 8 bath
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Gilbert, AZ 85298
This Luxury Multigenerational Estate is a Prime Investment Opportunity, listed at $2,600,000—positioned well below the $2,699,679 Fair Market Value by 3%. This valuation gap provides $99,679 in Instant Equity. Boasting a Mint Condition Rating, the 6,683-square-foot residence features a rare basement layout, six en-suite bedrooms, and a resort-style pool and spa with a heater/chiller. Located within the elite Perry High School district (9/10), this home offers unparalleled lifestyle amenities in a gated community. It is the definitive choice for Luxury-seeking families or Multi-generational households.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2174 E MEAD Drive Subject | $2,500,000* List Price | 6 | 8 | 6,683 | $393 | - |
A 2087 E ARIS Drive Active | $2,175,000 List Price | 5 | 7 | 5,032 | $432 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2016, this 10-year-old luxury home is in mint condition. It features a high-end gourmet kitchen with built-in appliances, modern spa-like bathrooms for all six en-suites, and premium systems including a pool heater/chiller and gated security.
Elementary School: Chandler Traditional Academy-Freedom (9/10). Middle School: Sossaman Middle School (9/10). High School: Perry High School (9/10).
The rare basement layout features six bedrooms, all with ensuite bathrooms, and a secondary kitchenette, making it an ideal solution for large families or multi-generational living.
The expansive lot includes a heated and chilled pool/spa, built-in BBQ, and low-maintenance faux turf, providing a resort-style experience perfectly suited for the Arizona climate.
With an association fee of $774 and over 6,600 square feet of living space, the ongoing maintenance and monthly overhead costs represent a significant financial commitment.
The substantial square footage and $2.6M price point position this property at the extreme high end for the subdivision, which may limit the pool of qualified buyers compared to standard local listings.
This beautiful basement home truly has it all! With 6BRs (all with on suite baths) and a total of 8 bathrooms. Perfect for your large crew and/or multigenerational living. The quiet spacious office with a front yard view is perfect for WFH. Formal sitting area provides a cozy space to read or chat. Dining area is adjacent to the massive kitchen/family room space. Kitchen island seats 7. With high end gourmet appliances, built-in fridge, coffee bar, huge food pantry and butler's pantry, you'll be equally equipped for a formal event or Sunday morning pancakes. **The primary suite has a spa-like bath, huge custom closet and sitting area. **Main level has 3 more bedrooms, an adorable playroom, mud room and spacious laundry**Basement has 2 more bedrooms/baths, family room, kitchenette with... with beverage center, ice maker, wine fridge and pantry (or board game closet!). Front and back yards are both beautiful and low maintenance with faux turf and easy-care plants. This means all your outdoor time can be spent enjoying the pool and spa with heater/chiller, in ground trampoline and space for all the outdoor games. B/I gas BBQ. Plus, raised gardening beds! All this in a friendly, gated community just minutes from all of the great shopping and dining that Gilbert has to offer.
No exterior & parking available.
Grades PK-6 • 1.1 mi
Grades PK-6 • 1.3 mi
Grades 7-8 • 2.4 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 94% |
| Baths | 8.0 | 3.0 | 99% |
| Square foot | 6,683 | 2,380 | 99% |
| Lot Size | 21,365 | 8,750 | 90% |
| Price | $2.50M | $507.5K | 99% |
| Price per sq ft | $374 | $252 | 93% |
| Built year | 2016 | 2007 | 83% |
| HOA | $774 | $215 | 98% |
| Days on market | 46 | 2607 | 1% |
May 21, 2026
$2,500,000
$2,600,000
-4% Price Drop
Initial Listing
Apr 23, 2026
$2,600,000
Initial Listing