
Gilbert, AZ 85233
This Spacious Two-Story Residence represents a Prime Investment Opportunity, listed at $929,000—positioned well below the $951,082 Fair Market Value by 2%. This valuation gap provides $22,082 in Instant Equity. Featuring a Condition Rating of 3, the home offers a Granite Kitchen, 3-Car Garage, and a resort-style backyard with a Pool and Lake View. This property is an ideal acquisition for Owner-Occupants seeking a lifestyle upgrade or Buy-and-Hold Investors targeting the desirable Catalina Bay community.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 749 S COPPER KEY Court Subject | $929,000* List Price | 5 | 3 | 3,673 | $259 | - |
A 920 W GRAND CAYMEN Drive Sold | $716,500 | 5 | 3 | 2,597 | $276 | 0.4 mi |
B 1224 W SHERRI Drive Sold | $760,000 List Price | 4 | 3 | 2,856 | 0.6 mi | |
C 854 W MESQUITE Street Sold | $667,500 | 4 | 3 | 2,979 | $224 | 0.6 mi |
D 854 W MESQUITE Street Sold | $667,500 | 4 | 3 | 2,979 | $224 | 0.6 mi |
E 821 W RAWHIDE Avenue Active | $785,000 List Price | 5 | 3 | 3,755 | $209 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1994 (30 years old), the property has undergone significant updates including wood-plank tile flooring, granite countertops, and stainless steel appliances, placing the interior condition within the 5-15 year renovation window. The home appears well-maintained, functional, and move-in ready with a high-end backyard entertaining space.
The expansive 11,108 sqft lot features a resort-style backyard equipped with a sparkling pool, built-in grill, and an outdoor fireplace, making it an ideal space for high-end entertaining.
With 3,673 square feet, five bedrooms, and soaring ceilings, this home offers a versatile and spacious floor plan that comfortably accommodates large families or multi-generational living.
Situated on a quiet cul-de-sac within the prestigious Catalina Bay at The Islands, the property provides enhanced privacy, minimal traffic, and a premium neighborhood feel.
The assigned public schools currently hold ratings between 4 and 6, which may be a consideration for families prioritizing the highest-ranked educational districts in Gilbert.
Built in 1994, the property may soon require capital investments for aging mechanical systems or further cosmetic updates to align with modern luxury standards.
Stunning two-story home in Catalina Bay at The Islands! Situated on a cul-de-sac, this home features mature landscaping and a 3-car garage. Inside, you'll find a classic floor plan with soaring ceilings, elegant chandeliers, wood-plank tile flooring in high-traffic areas, plush carpeting, and plantation shutters. The living room merges into the dining area, while the family room opens to the kitchen, which features granite countertops, stainless steel appliances, and an island with breakfast bar. The primary suite includes vaulted ceilings and an ensuite with dual sinks, tub, and step-in shower. Outside, the entertainer's backyard is complete with a full-length covered patio, sparkling pool, built-in grill, and an outdoor fireplace. Don't miss your chance to own this remarkable home!
No exterior & parking available.
Grades PK-6 • 0.7 mi
Grades PK-6 • 0.8 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 5.0 | 4.0 | 87% |
| Baths | 3.0 | 2.0 | 60% |
| Square foot | 3,673 | 1,963 | 96% |
| Lot Size | 11,108 | 7,340 | 91% |
| Price | $929.0K | $215.0K | 93% |
| Price per sq ft | $253 | $100 | 60% |
| Built year | 1994 | 1994 | 50% |
| HOA | $401 | $102 | 97% |
| Days on market | 16 | 2464 | 1% |
May 21, 2026
$929,000
Initial Listing