4922 S LEISURE Way, Gilbert, AZ 85298, Gilbert, 85298 - 4 bed, 3 bath
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Gilbert, AZ 85298
This NextGen Single Family Residence is a Strong Value Opportunity, listed at $740,000—positioned well below the $747,900 Fair Market Value by 1%. This valuation gap offers $7,900 in Instant Equity. Featuring a Mint Condition Rating, this home includes a private casita, Granite Kitchen, and advanced smart home tech. Located in Layton Lakes, it offers a premium lifestyle with fishing lakes and trails. This is an ideal acquisition for Owner-Occupants seeking multigenerational flexibility or Buy-and-Hold Investors.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 4922 S LEISURE Way Subject | $740,000* List Price | 4 | 3 | 2,587 | $289 | - |
A 5142 S MCMINN Drive Sold | $825,000 | 4 | 3 | 2,867 | $288 | 0.3 mi |
B 5142 S McMinn Street Sold | $825,000 | 4 | 3 | 2,856 | $289 | 0.3 mi |
C 1121 E CLOVEFIELD Street Sold | $900,000 | 4 | 3 | 2,867 | $314 | 0.3 mi |
D 1517 E RAKESTRAW Lane Sold | $789,900 | 4 | 3 | 2,939 | $269 | 0.9 mi |
E 1272 E PENEDES Drive Active | $892,853 List Price | 4 | 3 | 2,805 | $318 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
Built in 2016, this 10-year-old home is in mint condition and meticulously maintained. It features modern upgrades including wood-look tile flooring, granite countertops, white shaker cabinets, and plantation shutters. The inclusion of fresh interior paint and advanced systems like dual Nest thermostats and smart home technology confirms it requires no immediate maintenance.
The rare NextGen design features a fully self-contained casita with a private entrance, kitchenette, living area, and its own 1-car garage, offering unparalleled flexibility for guests or rental potential.
The property is exceptionally tech-forward, featuring Ethernet ports in every room, dual Nest thermostats, solar security cameras, and digital light switches for a modern, connected lifestyle.
Situated in the highly desirable Layton Lakes, residents have access to an extensive suite of amenities including fishing lakes, splash pads, sports courts, and scenic walking trails.
The $347 association fee represents a significant recurring monthly expense that may impact the overall affordability and debt-to-income ratio for some buyers.
With a lot size of under 8,000 square feet, the outdoor space may feel limited for buyers seeking a large private backyard, especially given the substantial footprint of the NextGen structure.
Rare NextGen home with a private attached casita featuring its own entrance, bedroom, kitchenette, living room, dinette, bathroom, laundry, separate yard, and attached 1-car garage! Located in the highly desirable Layton Lakes community, enjoy fishing lakes, walking trails, splash pads, playgrounds, parks, and sports courts. Meticulously maintained with an open-concept floorplan and thoughtful upgrades throughout, this home features plantation shutters, smart roller blinds, dual Nest thermostats, Ethernet ports in every room, digital light switches, keyless entry, Ring doorbell, solar security cameras, and fresh interior paint. Low-maintenance turf in the front, back, and side yards, outdoor solar lighting, and a heavy-duty garage storage system complete this move-in-ready home.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 3.0 | 3.0 | 50% |
| Square foot | 2,587 | 2,380 | 58% |
| Lot Size | 7,957 | 8,683 | 43% |
| Price | $740.0K | $507.5K | 76% |
| Price per sq ft | $286 | $252 | 64% |
| Built year | 2016 | 2007 | 83% |
| HOA | $347 | $215 | 63% |
| Days on market | 24 | 2607 | 1% |
May 15, 2026
$740,000
Initial Listing