
Gilbert, AZ 85298
Analysis of 3964 E PENEDES Drive, Gilbert, AZ 85298 is currently available with a list price of $2,099,000. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Gilbert Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Property is new construction or fully renovated.
This property was built in 2022, making it nearly new and well within the 10-year threshold for an excellent rating. The interior features high-end contemporary finishes, including a gourmet kitchen with a 48-inch Wolf range, triple ovens, and an oversized quartz waterfall island. The home boasts modern wide-plank flooring, recessed lighting, and a retractable glass wall system. All systems and structural components are virtually new with no signs of wear or deferred maintenance.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 25641, living area = 4039.
Situated on a rare 0.59-acre lot with north/south exposure, the property features a fully upgraded backyard with a heated pool, spa, outdoor kitchen, and travertine, providing exceptional privacy and space.
The high-end kitchen serves as the home's anchor, equipped with a 48-inch Wolf range, three ovens, and a retractable glass wall that creates a seamless indoor-outdoor entertaining experience.
Living area discrepancy between mls listing and other public or private record. mls listing living area = 4039, other record living area = 3504.
The oversized four-car garage is detached from the main house, requiring a walk outside to access vehicles, which may be a drawback during Arizona's peak summer heat or rainy days.
The property is subject to a higher-than-average HOA fee of $466, which increases the monthly carrying costs for the homeowner compared to other area subdivisions.
If you're hunting for a newer, gated Gilbert home that feels private and actually has room to breathe, this Stone Crest one is the rare combo. Built in 2022 by Camelot, it's 4,039 sq ft with 5 bedrooms, 5.5 baths, and it sits on nearly 0.59 acres with north/south exposure, so you get better light, less heat punishment, and way less of that ''backyard faces backyard'' feel. Inside, the layout is made for real life and hosting, 5 bedrooms plus a dedicated office, a true split plan, and guest rooms with en-suites and walk-in closets, so visitors feel like they have their own space. The kitchen is the anchor with an oversized quartz island, a 48-inch Wolf range, built-in refrigerator, and three ovens, and the retractable wall of glass is the kind of feature you'll actually use when the weather is good, it turns the main living space into a true indoor-outdoor setup. The backyard is fully built out and ready, heated pool and spa, travertine, turf, outdoor kitchen gazebo, play area, and still enough room left for a garden corner or quiet hangout spot. Parking is a standout too, oversized detached 4-car garage, extended driveway, and extra slab parking, so you can actually fit vehicles, toys, and guests without the driveway shuffle. Location-wise, you're minutes to Gilbert Regional Park, Seville Golf and Country Club, and SanTan Village, plus quick runs into Queen Creek, Arizona for dining and weekend plans. You get gated calm without feeling tucked away from everything. Clean tradeoffs, the HOA is elevated, the style is modern and contemporary, and the detached garage means a short walk. If those are deal-breakers, you'll hate it. If your priorities are privacy, lot size, a heated pool, and a newer build in a gated community, this checks the boxes buyers keep asking for.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 82% |
| Baths | 6.0 | 3.0 | 99% |
| Square foot | 4,039 | 2,351 | 93% |
| Lot Size | 25,641 | 8,347.5 | 91% |
| Price | $2.10M | $519.5K | 99% |
| Price per sq ft | $520 | $260 | 99% |
| Built year | 2022 | 2006 | 93% |
| HOA | $466 | $258 | 79% |
| Days on market | 96 | 2499 | 1% |
Jan 16, 2026
$2,099,000
Initial Listing