
Gilbert, AZ 85233
This Modernized Single-Family Residence is a Prime Investment Opportunity, listed at $499,950—positioned well below the $513,736 Fair Market Value by 2%. This valuation gap offers $13,786 in Instant Equity. Boasting a Condition Rating of 3, the interior features a Modernized Granite Kitchen, vaulted ceilings, and a dedicated office space. The exterior provides a private covered patio on a desirable corner lot within The Islands community. This turnkey home is a perfect match for Owner-Occupants or first-time buyers seeking lifestyle and value.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 945 S SAILFISH Drive Subject | $499,950* List Price | 3 | 2 | 1,644 | $312 | - |
A 861 W SHELLFISH Drive Sold | $550,000 | 3 | 3 | 1,704 | $323 | 0.8 mi |
B 861 W SHELLFISH Drive Sold | $550,000 | 3 | 3 | 1,704 | $323 | 0.8 mi |
C 1334 W SEASHORE Drive Sold | $399,998 List Price | 3 | 2 | 1,852 | 0.8 mi | |
D 354 S Bayshore Boulevard Sold | $505,000 | 3 | 2 | 1,582 | $319 | 0.7 mi |
E 354 S BAY SHORE Boulevard Sold | $505,000 | 3 | 2 | 1,582 | $319 | 0.7 mi |
F 517 S PARADISE Drive Active | $485,297 List Price | 3 | 2 | 1,504 | $323 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
While built in 1993, the property has undergone significant renovations within the 5-15 year window. It features an updated kitchen with newer cabinetry and granite countertops, modern wood-look tile flooring throughout, and a new water heater. The home is well-maintained and move-in ready.
The home features a recently updated kitchen with granite countertops, newer cabinetry, and a large island, complemented by vaulted ceilings and newer flooring throughout.
Located in the highly desirable 'The Islands' community, the property offers easy access to scenic lake views, greenbelts, and a community pool, enhancing the overall lifestyle value.
Situated on a corner lot, the floor plan includes a dedicated office space in addition to three bedrooms, providing the flexibility needed for remote work or a growing family.
The assigned public schools for this address currently hold average ratings ranging from 4 to 6, which may be a concern for education-focused buyers.
With a lot size under 5,000 square feet, the outdoor space is relatively limited compared to other residential offerings in the Gilbert area, potentially restricting large-scale landscaping or expansions.
Welcome to desirable The Islands in Gilbert! Ideally situated on a corner lot, this spacious 3-bedroom plus office home offers an open and inviting floor plan with soaring vaulted ceilings and newer flooring throughout. The updated kitchen is the heart of the home, featuring newer cabinetry, granite countertops, and a large island that opens seamlessly to the great room--perfect for both everyday living and entertaining. Step outside to a generously sized backyard with a covered patio, offering plenty of space to relax or create your own outdoor retreat. Seller improvements include a new water heater, updated kitchen cabinets, and a new garage door opener. Enjoy all that The Islands lifestyle has to offer, just a short distance to the community pool, scenic greenbelts, and beautiful lake!
No exterior & parking available.
Grades PK-6 • 0.5 mi
Grades PK-6 • 0.9 mi
Grades 6-8 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 3.0 | 4.0 | 45% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,644 | 1,942 | 28% |
| Lot Size | 4,948 | 7,139 | 8% |
| Price | $499.9K | $443.0K | 60% |
| Price per sq ft | $304 | $230 | 81% |
| Built year | 1993 | 1994 | 45% |
| HOA | $78 | $100 | 41% |
| Days on market | 9 | 2291 | 1% |
Apr 13, 2026
$499,950
Initial Listing