373 W PRIMOROSO Drive, Gilbert, AZ 85233, Gilbert, 85233 - 3 bed, 2 bath
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Gilbert, AZ 85233
This Waterfront Single Family Residence is a Strong Value Opportunity, listed at $619,900—positioned well above the $588,996 Fair Market Value by -5%. While the property requires modernization to address its Condition Rating of 4, it offers significant upside through its Premium Waterfront Lot, private pool, and deck. The split floorplan and recent bath updates provide a functional foundation for value-add renovations. Located near schools with a 4/10 rating, this property is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants seeking a customizable lakeside lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 373 W PRIMOROSO Drive Subject | $619,900* List Price | 3 | 2 | 1,702 | $346 | - |
A 568 W RAWHIDE Avenue Sold | $554,900 List Price | 3 | 2 | 1,616 | 0.4 mi | |
B 380 W SMOKE TREE Road Sold | $581,000 List Price | 4 | 2 | 1,642 | 0.2 mi | |
C 501 W SERENO Drive Sold | $469,000 | 3 | 2 | 1,424 | $329 | 0.2 mi |
D 861 W SHELLFISH Drive Sold | $550,000 | 3 | 3 | 1,704 | $323 | 0.8 mi |
E 861 W SHELLFISH Drive Sold | $550,000 | 3 | 3 | 1,704 | $323 | 0.8 mi |
F 638 W Sierra Madre Avenue Sold | $540,000 | 3 | 2 | 2,058 | $262 | 0.7 mi |
G 409 S CHOLLA Street Active Under Contract | $480,000 List Price | 3 | 2 | 1,642 | $292 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1992, this property is 32 years old. While the listing notes a recently updated guest bath and new flooring in secondary bedrooms, the primary living areas, kitchen, and master suite appear dated based on the age and provided visuals. Since major systems and the kitchen are likely over 20 years old, it requires modernization to meet current standards, though it remains well-maintained and functional.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8298, living area = 1702.
Positioned on one of the best lakeside lots in Lago Estancia, the property features a private deck for fishing and direct views of the lake fountain.
The backyard is optimized for year-round Arizona living with a sparkling private pool and a sun-drenched patio overlooking the water.
The assigned elementary, middle, and high schools all carry a rating of 4/10, which may be a drawback for education-focused buyers.
Built in 1992, the home may require additional capital investment to update original features and major systems to meet contemporary luxury standards.
Become the proud owner of this beautiful waterfront home in Lago Estancia! This house has all you need for year round enjoyment! In the summer you can bask in the sun enjoying the sparkling pool with a perfect view of the lake fountain. In the cooler months, relax on the deck and enjoy some fishing right from your own backyard. Inside vaulted ceilings welcome you to a great flow with a split floorplan and large full master suite with lake views. The guest bath has been recently updated, along with new flooring in the two secondary bedrooms. Unwind your day by taking a stroll on one of the tranquil lakeside walking paths, or take the kids to play at the community playground, which is just over the bridge. This home has one of the best lakeside lots in the community, don't miss the opportunity to make it yours!
No exterior & parking available.
Grades PK-6 • 0.8 mi
Grades 6-8 • 0.4 mi
Grades 8-12 • 1.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 0.0 |
| Baths | 2.0 | 0.0 |
| Square foot | 1,702 | - |
| Lot Size | 8,298 | - |
| Price | $619.9K | $554.5K |
| Price per sq ft | $364 | $287 |
| Built year | 1992 | 0 |
| HOA | $90 | $0 |
| Days on market | 49 | 2717 |
Jun 3, 2026
$619,900
Initial Listing