1421 W CORAL REEF Drive Gilbert, AZ $ 550,000
1421 W CORAL REEF Drive
$ 550,000
Recently Listed
Open House 4/19 11am - 2pm
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1421 W CORAL REEF Drive

Gilbert, AZ, 85233
$ 550,000
Bedrooms3 Baths2.1 Sq 2,289

Monthly Estimate*

$ 3,386

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Townhouse for sale in Gilbert, AZ

for $550,000 with 3 bedrooms and 2 full baths, 1 half bath. This 2,289 square foot townhouse was built in 1988 on a lot size of 0.04.

When your backyard is a lake... everyday feels like a vacation! This exceptional Coral Reef townhouse, nestled in Gilbert's highly coveted community, The Islands, offers breathtaking panoramic waterfront views at the tip of the peninsula. If you love kayaking, paddleboarding, boating, or simply watching the sunset reflect over the water, this is your ideal tropical retreat! Simply step out to your private dock and explore over 70 acres of connected waterways. Inside, enjoy iconic, refinished hexagonal southwest Saltillo tile flowing seamlessly from the entry into the kitchen and dining areas. A 2-story atrium lets in natural light, highlighting a spacious layout with a versatile upstairs loft. Two cozy fireplaces anchor this home - one in the main living space and the other in the spacious primary suite which includes a private balcony, walk-in closet, dual sinks, a separate shower, and a soaking tub with a great view of the lake. Recent upgrades include all-new energy-efficient windows, glass doors opening to the patio and balcony, updated LED lighting, new ceiling fans, and a freshly recoated flat roof. Enjoy quick access to the community pool, ample guest parking, welcoming neighbors, and an active events calendar that includes movie nights and concerts in the park. Additional amenities include sports courts, an exercise track, playgrounds, picnic areas, and annual electric light boat parades during the holidays. Just minutes from downtown Gilbert and Chandler with a ton of amazing shopping and dining options nearby. Come visit The Islands today!

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Open House

4/19/2026 11:00 AM - 2:00 PM
1421 W CORAL REEF Drive Gilbert, AZ
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Townhouse Active

Price

$ 550,000

Bedrooms

3

Full Bath

2

Half Bath

1

Property Type

Townhouse

Taxes

$ 2,221

Style

Residential

Lot Size

0.04

Year Built

1988

Town/City

Gilbert

County/Region

Maricopa

MLS | Web ID

7015341

Features
Interior
Interior Amenities High Speed Internet Granite Counters Double Vanity Upstairs Eat-in Kitchen Breakfast Bar 9+ Flat Ceilings Vaulted Ceiling(s) Pantry Full Bth Master Bdrm Separate Shwr & Tub Tub with Jets
Flooring Carpet Tile
Fireplace Features Living Room Master Bedroom
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Low-Emissivity Windows Dual Pane
Fireplace Y/N Y
Laundry Features Upstairs Laundry Inside
Total Bedrooms 3
Total Baths 3
Bedrooms Possible 4
Built-in Microwave True
Pantry True
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Exterior
Model Waterfront
Exterior Amenities Balcony
Fencing None
Parking Features Attached Garage Unassigned Garage Door Opener Direct Access
Lot Features Waterfront Lot Corner Lot Cul-De-Sac Grass Back
Water Source City Water
Lot Size Area 1668.0
Spa N
Lot Size Acres 0.04
Lot Size Source Assessor
Waterfront Y/N Y
Covered Spaces 2.0
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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General
Sewer Public Sewer
Heating Electric
Cooling Central Air Ceiling Fan(s)
Utilities SRP
Possession Close Of Escrow By Agreement
Roof Tile Built-Up
HOA Fee 224.21
Garage Spaces 2.0
Association Fee Includes Insurance Pest Control Maintenance Grounds Street Maint Front Yard Maint Maintenance Exterior
Construction Materials Stucco Wood Frame Painted
Year Built 1988
View Lake
Township 1S
Property Subtype Townhouse
Tax Year 2025
Ownership Fee Simple
Community Features Pool Lake Biking/Walking Path
Assoc Fee Paid Per Monthly
County Maricopa
New Construction N
Property Type Residential
HOA Y
Attached Garage N
Subdivision Name TOWNHOMES ON CORAL REEF
Total Rooms 0
Special Listing Conditions N/A Owner/Agent
Status Active
Directions East on Elliot right on Islands Dr. left at fountain right on Coral Reef.
High School Mesquite High School
City Gilbert
Disclosures Agency Discl Req Seller Discl Avail
Association Name Townhomes Coral Reef
High School District Gilbert Unified District
Open Parking Spaces 0.0
Lot Size Units Square Feet
Lot Size Square Feet 1668.0
Carport Spaces 0.0
Carport Y/N N
Spa Features None
Elementary School Islands Elementary School
Property Attached Y/N Y
Land Lease Y/N N
Tax Annual Amount 2221.0
Home Warranty Y/N N
Current Financing Conventional
Middle/Junior High School Mesquite Jr High School
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Builder Name unknown
Standard Status Active
Occupancy Type Owner
Elementary School District Gilbert Unified District
Tax Lot 33
New Financing: Conventional True
Senior Community N
Ttl Monthly Fee Equiv 287.99
New Financing Cash True
New Financing: VA True
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Internal Only
Street Number 1 1421
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* Excluded Features
List By
Realty One Group

Broker

jason@phxhomecollective.com

Email

Affordability Calculator

$3,572
Per Month
95%
5%
0%
Monthly Principal & Interest
$3,386
Monthly Property Taxes
$185
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
4327291 Elementary School
4327075 Middle School
Mesquite High School High School
Pricing History
DatePricePrice ChangeDescription
4/17/2026$550,000 Listed Price

Map


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1421 W CORAL REEF Drive, Gilbert, AZ, 85233 is a Townhouse for sale at $550,000 with 2,289 sqft and a lot size of 0.04. 1421 W CORAL REEF Drive has 3 bedrooms, 2.1 baths, and was built in 1988. The property's zip code is 85233 which is in Gilbert, AZ