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(623) 341-3085

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1402 E Coral Cove Dr, Gilbert, AZ 85234

$3,400,050

Luxury waterfront home with expansive canal views at sunset at 1402 E Coral Cove Dr, Gilbert, AZ 85234
  • Bedrooms

    8

  • Baths

    8

  • Sq. Feet

    11705

  • Year Built

    2001

  • Days On Market

    193

  • $/SqFt

    $290

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Home Description

Magnificent lakefront 2-story basement estate on rare Peninsular lot w/nearly 239' (2 sides) of lakefront nestled on a cul-de-sac lot in the prestigious, gated West Lake Estates Val Vista Lakes water-wonderland Community. Approximately 8,429sf above grade & 3,276sf of beautifully finished basement w/ living quarters, wet bar/kitchenette, 720 btl wine room & gym; a bright upper level attached full Guest Quarters w/sep. entrances; nearly new roof, HVAC & OWNED solar! Thoughtful design w/ superior function, energy efficiency & a flowing floor plan for easy living & entertaining. Timeless architecture, stunning water views & mountain vistas - a lifestyle second to none. Lavish community amenities w/ convenient location to shopping, dining & easy highway access; minutes to airport! SUPPLEMENT: Amenities and updates abound in this luxurious lakefront residence! 1. Full roof replacement in 2022. Five year workmanship warranty to July 2027, transferrable before July 2027. 2. OWNED, Solar installed and activated 5/19/2023. (Solar Specifications by separate documentation) 3. 5 HVAC units controlled by thermostats; approximately 5 years old. Four of the AC units are programmable at the wall panel, which has been sufficiently functional. An update to a Vivint device is required to use with Vivint Home Security. 4. Exterior freshly painted. 5. Gas/Electric and tankless water heaters; all less than approximately 10 years old. Tankless unit is nearly new. 6. Owned Water Softener 7. Reverse Osmosis 8. TWO full Laundry Rooms for ultimate convenience. One on the Upper Level and one on Main Level, both with cabinetry, counter space and sinks. 9. Washers and Dryers in both Laundry Rooms convey. 10. Refrigerators in Kitchen, Guest Quarters and Lower Level Kitchenette convey. 11. Landscape remodeled in 2021. 12. Primary Bedroom wired for electric window coverings. Original home Interior Designer informed Owners that there is wiring for electric blinds in Primary Bedroom. 13. Vivint Home Security: Currently controls door cam, doors, motion detector, and thermostat (only 1 thermostat is controlled by Vivint but more can be added). Other areas can be added, like windows and more motion detectors. Owners can add multiple users with unique codes to arm and disarm. An effective date and an expiration date can be set for the code to be active. All controls can be operated remotely (Door cam has a mic and speaker. We can hear and we can speak. 14. Smart Garage Door Openers. The doors openers have motion detector, webcams, and night vision controlled by buttons on interior wall, keypad on exterior wall, phone app 15. Dumb waiter in kitchen. Original home Interior Designer informed Owners that there are dumb waiter tracks installed behind drywall that go from Kitchen to Primary room closet to Basement Kitchen. 16. StreamLabs Water Monitoring system: Tracks the amount of water flowing into the home. Alerts Owner if water left running. Has auto-shutoff feature for water running for a pre-set amount of volume per minute. Can help budget water bill by tracking water flow in real time. Can reduce water bill by raising awareness of water usage. May reduce home owner insurance premiums. May decrease degree of damage caused if inconspicuous slow leak. Buyer to verify all statements and inspect any items of material interest.

  • MLS #: 6719083
  • Address: 1402 E Coral Cove Dr
  • City: Gilbert
  • Zip Code: 85234
  • County: Maricopa
  • Subdivision: West Lake Estates
  • Community Features: Biking/Walking Path,Clubhouse,Community Pool,Community Pool Htd,Community Spa,Community Spa Htd,Fitness Center,Gated Community,Lake Subdivision,Pickleball Court(s),Playground,Racquetball,Tennis Court(s)
  • Pool: Heated,Private
  • Spa: Heated,Private
  • Parking: Dir Entry frm Garage,Electric Door Opener,Extnded Lngth Garage,Over Height Garage,Separate Strge Area
  • Garage Spaces: 3.00
  • Interior: 9+ Flat Ceilings,Bidet,Breakfast Bar,Central Vacuum,Double Vanity,Drink Wtr Filter Sys,Fire Sprinklers,Full Bth Master Bdrm,Kitchen Island,Separate Shwr & Tub,Tub with Jets,Upstairs,Wet Bar
  • Full Baths: 7
  • Partial Baths: 1
  • Fireplace: 1 Fireplace,Family Room,Gas
  • Security: Security System Owned
  • Flooring: Carpet,Stone,Wood
  • Other Rooms: Exercise/Sauna Room,Family Room,Great Room,Guest Qtrs-Sep Entrn,Loft,Media Room
  • Additional Bedrooms: Other Bdrm Split

Available now at $3,400,050

  • Exterior: Balcony,Built-in Barbecue,Covered Patio(s),Patio,Private Street(s),Private Yard
  • Construction: Frame - Wood,Painted,Stucco
  • Architecture: Santa Barbara/Tuscan
  • Lot: Auto Timer H2O Back,Auto Timer H2O Front,Cul-De-Sac,Irrigation Back,Irrigation Front,Synthetic Grass Back,Synthetic Grass Frnt,Waterfront Lot
  • Lot Sq Ft: 21597
  • Water: City Water
  • Tax Municipality: Gilbert
  • HOA 1 Fee: $126 Monthly
  • HOA 1 Transfer Fee: $155
  • HOA 2 Fee: $1,678 Annually
  • Association Amenities: FHA Approved Prjct,Management,Rental OK (See Rmks)

Neighborhood

The average asking price of a 8 bedroom Gilbert home in this zip code is $2,863,017 (15.8% less than this home).

This home is priced at $290/sqft, which is 26.2% less than similar homes in the 85234 zip code.

Potential Great Value

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School Information

  • District:Gilbert Unified District
  • Elementary:Val Vista Lakes Elementary School
  • Junior High:Greenfield Junior High School
  • High School:Gilbert High School

Financial

  • Approx Payment:$16,540*
  • Taxes:$13,308

Area Stats

These statistics are updated daily from the Metropolitan Phoenix Board of REALTORS® Multiple Listing Service. For further analysis or to obtain statistics not shown below please call Highgarden Real Estate at (623) 341-3085 and speak with one of our real estate consultants.

Listing Courtesy of Coldwell Banker Realty. For information or to schedule a viewing of this property (MLS# 6719083), call: 623 341 3085

1402 E Coral Cove Dr, Gilbert AZ is a single family home of 11705 sqft and is currently priced at $3,400,050 . This single family home has 8 bedrooms. A comparable home for sale at 1401 E Coral Cove Dr in Gilbert is listed at $3,150,000. In addition to single family homes, Highgarden also makes it easy to find Homes, Condos and New Homes in Gilbert, AZ. Whitewing At Wiehl Estates, Circle G Ranches and Rio Caballo are nearby neighborhoods. MLS 6719083 has been posted on this site since 6/14/2024 (today).

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