1402 E CORAL COVE Drive Gilbert, AZ $ 3,299,000
1402 E CORAL COVE Drive
$ 3,299,000
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1402 E CORAL COVE Drive

Gilbert, AZ, 85234
$ 3,299,000
Bedrooms8 Baths7.1 Sq 11,705

Monthly Estimate*

$ 20,581

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Single Family Home for sale in Gilbert, AZ

for $3,299,000 with 8 bedrooms and 7 full baths, 1 half bath. This 11,705 square foot home was built in 2001 on a lot size of 0.5.

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. Refrigerators in Kitchen, Guest Quarters and Lower Level Kitchenette convey. 10. Landscape remodeled in 2021. 11. Primary Bedroom wired for electric window coverings. Original home Interior Designer informed Owners that there is wiring for electric blinds in Primary Bedroom. 12. Vivint Home Security: Continuous cloud recording and many add-on options. 13. Smart Garage Door Openers. Motion detecting, cloud recording, and night vision controls. 14. 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. 15. StreamLabs Water Monitoring system: Tracks the amount of water flowing into the home. Alerts Owner if water left running. Has auto-shutoff feature. FURNITURE FOR SALE. Seller is willing to negotiate an additional sale of furniture that remains on the property, particularly furniture in the theater room, dining room, basement, and master bedroom. Sales of furniture in all other rooms are considered as well. All furniture are high quality, fine furniture items in very good to like-new condition. Must be handled by separate Bill of Sale. Buyer to verify all statements and inspect any items of material interest.

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Single Family Active

Price

$ 3,299,000

Bedrooms

8

Full Bath

7

Half Bath

1

Property Type

Single Family

Taxes

$ 13,308

Style

Santa Barbara/Tuscan

Lot Size

0.5

Year Built

2001

Town/City

Gilbert

County/Region

Maricopa

MLS | Web ID

6719083

Features
Interior
Interior Amenities Double Vanity Upstairs Breakfast Bar 9+ Flat Ceilings Central Vacuum Wet Bar Kitchen Island Bidet Full Bth Master Bdrm Separate Shwr & Tub Tub with Jets
Basement Finished Full
Flooring Carpet Stone Wood
Fireplace Features Family Room Gas
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Low-Emissivity Windows Dual Pane Vinyl Frame
Fireplace Y/N Y
Laundry Features Other See Remarks
Total Bedrooms 8
Total Baths 8
Bedrooms Possible 10
Built-in Microwave True
Kitchen Island True
Multiple Ovens True
Non-laminate Counter True
Walk-in Pantry True
Wall Oven(s) True
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General
Sewer Public Sewer
Heating Electric
Cooling Central Air Ceiling Fan(s) See Remarks
Utilities SRP
Possession Close Of Escrow
Roof Tile
HOA Fee 126.0
Garage Spaces 3.0
Association Fee Includes Maintenance Grounds Street Maint
Architectural Style Santa Barbara/Tuscan
Pool Features Heated
Security Features Fire Sprinkler System Security System Owned
Construction Materials Stucco Wood Frame Painted
Year Built 2001
View Mountain(s)
Township 1S
Property Subtype Single Family Residence
Tax Year 2023
Ownership Fee Simple
Community Features Racquetball Pickleball Lake Gated Community Spa Community Spa Htd Tennis Court(s) Playground Biking/Walking Path Fitness Center
Assoc Fee Paid Per Monthly
County Maricopa
Property Type Residential
HOA Y
Attached Garage N
Energy Efficient Solar Panels Multi-Zones
Subdivision Name WEST LAKE ESTATES
Possible Use None
Green Water Conservation Tankless Ht Wtr Heat Recirculation Pump
Total Rooms 0
Special Listing Conditions N/A
Status Active
Directions South on Val Vista from Baseline west on Coral Cove through Gated entrance to home
High School Gilbert High School
City Gilbert
Disclosures Agency Discl Req Seller Discl Avail
Association Name Val Vista Lakes
High School District Gilbert Unified District
Open Parking Spaces 4.0
Lot Size Units Square Feet
Lot Size Square Feet 21597.0
Carport Spaces 0.0
Carport Y/N N
Spa Features Heated Private
Elementary School Val Vista Lakes Elementary School
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 13308.0
Home Warranty Y/N N
Middle/Junior High School Greenfield Junior High School
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://my.matterport.com/show/?m=gZg4SAvXw6b&
Builder Name Palmer-Hart Building
Standard Status Active
Occupancy Type Owner
Elementary School District Gilbert Unified District
Tax Lot 10
New Financing: Conventional True
Senior Community N
Ttl Monthly Fee Equiv 265.79
New Financing Cash True
New Financing: VA True
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Exterior
Exterior Amenities Balcony Private Street(s) Private Yard Built-in Barbecue
Fencing Block Wrought Iron
Parking Features Garage Door Opener Extended Length Garage Direct Access Over Height Garage Separate Strge Area
Lot Features Waterfront Lot Cul-De-Sac Synthetic Grass Frnt Synthetic Grass Back Auto Timer H2O Front Auto Timer H2O Back Irrigation Front Irrigation Back
Water Source City Water
Lot Size Area 21597.0
Spa Y
Lot Size Acres 0.5
Lot Size Source Assessor
Waterfront Y/N Y
Covered Spaces 3.0
Crops Included Y/N N
Road Responsibility Private Maintained Road
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1402
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* Excluded Features
List By
Coldwell Banker Realty

Broker

Melinda.Bacon@AZmoves.com

Email

Affordability Calculator

$21,690
Per Month
95%
5%
0%
Monthly Principal & Interest
$20,581
Monthly Property Taxes
$1,109
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4328045 Elementary School
4326973 Middle School
Gilbert High School High School
Pricing History
DatePricePrice ChangeDescription
10/22/2025$3,299,000 -2.68% Price Down
8/29/2025$3,390,000 -0.29% Price Down
12/31/2024$3,399,999 0.00% Price Down
6/14/2024$3,400,000 Listed Price

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1402 E CORAL COVE Drive, Gilbert, AZ, 85234 is a Single Family Home for sale at $3,299,000 with 11,705 sqft and a lot size of 0.5. 1402 E CORAL COVE Drive has 8 bedrooms, 7.1 baths, and was built in 2001. The property's zip code is 85234 which is in Gilbert, AZ