
Gilbert, AZ 85234
This Turnkey Luxury Ranch is listed at $1,199,000, representing a market-accurate entry aligned with its $1,165,588 Fair Market Value. With a superior Condition Rating of 2, the residence has undergone a high-end renovation featuring a modern designer kitchen and wide-plank flooring. The massive .86-acre lot offers unparalleled utility, including a custom multi-sport court, sparkling pool, covered patio, and horse privileges with no HOA restrictions. This rare combination of modern luxury and rural flexibility makes it the perfect sanctuary for active families or lifestyle-driven owner-occupants prioritizing space and autonomy.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 640 E MELODY Drive Subject | $1,199,000* List Price | 4 | 3 | 3,122 | $373 | - |
A 1432 N Riata Street Sold | $1,175,000 List Price | 5 | 3 | 3,588 | 0.2 mi | |
B 1026 N HERITAGE Street Active Under Contract | $1,400,000 List Price | 5 | 4 | 4,035 | $347 | 0.4 mi |
* Subject property listed price vs sold prices of comps.
Property is new construction or fully renovated.
While originally built in 1978, the property has undergone an extensive and high-quality recent renovation. The interior features modern wide-plank flooring, updated recessed and designer light fixtures, and a contemporary kitchen with dark cabinetry and stone countertops. The bathrooms are fully modernized with high-end finishes, including floating vanities, gold-tone fixtures, and designer tile work. The property shows no signs of deferred maintenance and meets current luxury standards.
The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 37601, living area = 3122.
The expansive .86-acre lot is a recreational paradise, featuring a custom multi-sport court for tennis and pickleball, a sparkling pool, and a unique dirt bike pump track.
The property offers a rare combination of no HOA, horse privileges, and SRP flood irrigation, providing owners with significant autonomy and utility in a prime Gilbert location.
Built in 1978, the home may require significant capital investment for modernizing major systems or updating cosmetic finishes to meet contemporary luxury standards.
The vast lot size, specialized sports facilities, and flood irrigation system demand substantial ongoing time and financial resources for proper upkeep and landscaping.
Located in the highly sought-after Circle G Ranch community, 640 East Melody Drive presents a super rare opportunity to own nearly an acre in the heart of Gilbert with horse privileges, SRP flood irrigation, and no HOA. Sitting on an expansive .86-acre lot, this property offers the perfect blend of space, privacy, and flexibility -- something that is increasingly hard to find in this area. This single-story ranch home offers 3,000 square feet with four bedrooms, three bathrooms, and a separate den or office, ideal for working from home or creating a quiet retreat. The thoughtful split floor plan provides privacy for the primary suite, while the vaulted living room showcases beautiful beams and a fireplace that adds warmth and character to the home. The kitchen opens seamlessly to the main living areas, making it perfect for entertaining or everyday living. The private primary suite serves as a true retreat, while the additional bedrooms are generously sized and well positioned for family or guests. Throughout the home, you'll find a stunning interior layout that balances charm with functionality. Step outside and you'll discover an entertainer's dream backyard. A covered patio provides shaded comfort for relaxing or hosting gatherings, while the sparkling pool, tree house, dirt bike pump track, and custom multi-sport, sport court (Tennis, full court Basketball, and pickleball) create endless opportunities for fun and recreation. With SRP irrigation and horse privileges, the oversized lot offers incredible potential -- whether you envision space for animals, a guest house, RV garage, workshop, or simply wide-open room to enjoy. All of this is located in a prime Gilbert location close to shopping, dining, and convenient freeway access, offering the rare combination of country-style living with everyday convenience. Opportunities like this in Circle G Ranch don't come around often.
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 | 3,122 | 2,039 | 87% |
| Lot Size | 37,601 | 6,913 | 95% |
| Price | $1.20M | $479.0K | 95% |
| Price per sq ft | $384 | $256 | 95% |
| Built year | 1978 | 1994 | 2% |
| HOA | $0 | $75 | 21% |
| Days on market | 61 | 2339 | 1% |
Feb 20, 2026
$1,199,000
Initial Listing