241 S Equestrian Court, Gilbert, AZ 85296, Gilbert, 85296 - 5 bed, 4 bath
Loading property details...
241 S Equestrian Court
Gilbert, AZ 85296
ACTIVE
CONDITION: GOOD
5Beds
4Baths
4,467Sq Ft
43,730Lot Size
Property Price
LIST PRICE$1,499,900
EST. MARKET VALUE
$1,532,149
SUMMARY
This Spacious Equestrian Estate is a High-Potential Investment Opportunity, listed at $1,499,900—positioned well below the $1,532,150 Fair Market Value by 2%. This valuation gap offers $32,250 in Instant Equity. Featuring a Condition Rating of 3, the home includes a detached casita, resort-style pool, and 10kW solar system on over an acre of irrigated land. With its unique multigenerational layout and rural utility, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking luxury and long-term energy efficiency.
Estimated Market Value
$1,532,149
Based on Realkey algorithm analyzing recent comparable sales in Gilbert.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 241 S Equestrian Court Subject | $1,499,900* List Price | 5 | 4 | 4,467 | $343 | - |
A 1289 E PALO BLANCO Way Active | $1,150,000 List Price | 4 | 3 | 2,927 | $393 | 0.8 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
While the home was built in 1996 (28 years old), it appears well-maintained and functional with updates that align with a 5-15 year renovation cycle. Key features include a chef's kitchen with stainless steel appliances, stone and hardwood flooring, and a modern 10kW solar panel system, making it move-in ready.
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 = 43730, living area = 4467.
- Multigenerational Versatility
The property features a fully self-contained detached casita and a main-level secondary primary suite, offering exceptional flexibility for guests, home offices, or extended family living.
- Premium Equestrian Lot
Situated on over an acre of irrigated land with horse privileges, RV gates, and a 60-foot parking pad, this estate provides rare rural utility within a luxury suburban setting.
CONSRISKS & DEFICIENCIES
- Potential for Modernization
Built in 1996, the property may require cosmetic or mechanical updates to compete with the contemporary finishes and smart-home features found in newer luxury builds.
- Moderate School Ratings
The assigned public schools carry average ratings (ranging from 5 to 7), which may be a consideration for families prioritizing top-tier academic performance scores.
About 241 S Equestrian Court
Situated on over an irrigated acre in one of Gilbert's most coveted equestrian neighborhoods, this exceptional property offers the perfect blend of versatility and multigenerational living. The ATTACHED CASITA is a rare find, featuring its own private entrance, full kitchen, living area, full bathroom, and bedroom, making it ideal for multigenerational living, extended family, and long-term guests. A 60-foot RV parking pad and RV Gate. Additional premium features include 36 OWNED 10kW solar panels and a NEW ROOF installed in March 2021, providing peace of mind and energy efficiency. Inside, walls of windows fill the home with natural light, highlighting spacious living areas designed for both everyday comfort and entertaining. The chef's kitchen serves as the heart of the home with a large center island, SS appliances, and a walk-in pantry, all opening up the inviting family room with a fireplace and wet bar. A main-level secondary primary suite, currently used as an office, adds flexibility for guests or multigenerational living. Upstairs, you'll find three generously sized secondary bedrooms, an expansive game room perfect for movie nights, recreation, or a home gym, along with a luxurious primary suite featuring dual vanities, a walk-in shower, and a private retreat. New EXTERIOR PAINT 2026.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1996
- Lot Size
- 43,730 Sq. Ft.
Interior
- Total Bedrooms
- 5
- Total Bathrooms
- 4 (4 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $360 / Month
Neighborhood Insights
Gilbert Unified Schools
Finley Farms Elementary School
Grades K-6 • 0.3 mi
6/10
Greenfield Junior High School
Grades 7-8 • 0.7 mi
7/10
Gilbert High School
Grades 8-12 • 1.2 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 5.0 | 4.0 |
| Baths | 4.0 | 3.0 |
| Square foot | 4,467 | 2,210.986 |
| Lot Size | 43,730 | 7,346.256 |
| Price | $1.50M | $598.8K |
| Price per sq ft | $336 | $280 |
| Built year | 1996 | 2003 |
| HOA | $360 | $224 |
| Days on market | 49 | 71 |
Pricing History
Listed for Sale
Jul 22, 2026
$1,499,900
Initial Listing