
Gilbert, AZ 85297
This 1-acre High-Potential Investment Opportunity is listed at $975,000, positioned well below the $1,003,675 Fair Market Value by 2%. This valuation gap offers $28,675 in Instant Equity. Featuring a Fair Condition Rating, the property provides a blank canvas for value-add renovations, supported by recent mechanical upgrades including new AC and water heater. With no HOA and horse privileges, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking a customizable estate with expansive storage infrastructure.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2830 E RYAN Road Subject | $964,000* List Price | 4 | 3 | 2,349 | $404 | - |
A 4373 S 165TH Way Active | $950,000 List Price | 4 | 2 | 2,124 | $447 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property is 22 years old (built 2002), placing it in the 'Fair' category. While it features excellent system updates (new AC and water heater) and modern interior paint and flooring, the kitchen remains dated with original oak cabinetry. The listing's description as a 'blank canvas' for a 'dream home' further supports the need for cosmetic updates to the primary living spaces.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 43560, living area = 2349.
This rare 1-acre lot in a prime Gilbert location features no HOA and horse privileges, offering unparalleled freedom for customization and a rural lifestyle within the city.
The property is exceptionally well-equipped for outdoor enthusiasts, featuring a massive dedicated RV shade, additional carport, and ample space for boats, trailers, or a future workshop.
At a list price of $975,000 for 2,349 square feet, the pricing heavily reflects the land value, which may be a deterrent for buyers prioritizing interior living space over acreage.
Marketed as a 'blank canvas,' the property likely requires substantial additional investment and effort to modernize the interior or fully develop the expansive lot to its highest potential.
Hidden in a highly sought-after part of Gilbert, this rare 1-acre property offers a true blank canvas for the buyer looking to build their own future. This fully fenced parcel has no HOA, comes with animal and horse privileges, flood irrigation and total freedom to bring + store all your toys + RVs. The property is already equipped with a massive dedicated RV shade, an additional carport area, and expansive open space for trailers, boats, or a future detached workshop or barn. It already has new AC units and a new water heater too. Combining a stellar Gilbert location with hard-to-find acreage, this estate is ready for you to step in and execute your vision for your dream home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 4.0 | 0.0 |
| Baths | 3.0 | 0.0 |
| Square foot | 2,349 | - |
| Lot Size | 43,560 | - |
| Price | $964.0K | $554.5K |
| Price per sq ft | $410 | $287 |
| Built year | 2002 | 0 |
| HOA | $0 | $0 |
| Days on market | 49 | 2717 |
Jul 10, 2026
$964,000
$975,000
-1% Price Drop
Initial Listing
Jun 5, 2026
$975,000
Initial Listing