1426 W CORAL REEF Drive Gilbert, AZ $ 599,999
1426 W CORAL REEF Drive
$ 599,999
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1426 W CORAL REEF Drive

Gilbert, AZ, 85233
$ 599,999
Bedrooms2 Baths2.1 Sq 2,048

Monthly Estimate*

$ 3,743

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Townhouse for sale in Gilbert, AZ

for $599,999 with 2 bedrooms and 2 full baths, 1 half bath. This 2,048 square foot townhouse was built in 2000 on a lot size of 0.05.

LAKEFRONT LUXURY IN THE ISLANDS - YOUR DREAM HOME AWAITS! Step into a fully reimagined waterfront masterpiece in the coveted Gilbert community of The Islands, where every sunset paints the sky and the lake becomes your backyard. This stunning 2-bedroom townhome with a large office that easily converts to a 3rd bedroom has been lavishly transformed with over $100K in upgrades in the past year alone. The seller's investment is your golden opportunity. The expansive great room welcomes you with soaring vaulted ceilings and walls of windows that flood the space with natural light. French doors glide open to a private patio perched over the serene lake, perfect for morning coffee or evening wine, while panoramic water views stretch from nearly every angle. Flow seamlessly... into the gourmet kitchen and dining area, where a breakfast bar frames shimmering lake vistas. Enjoy brand-new KitchenAid top oven, microwave, dishwasher, vent hood and refrigerator, alongside refinished cabinetry with sleek hardware, a large pantry, and new faucets. The open layout is ideal for entertaining. Retreat to your primary suite sanctuary upstairs, complete with a private balcony showcasing mesmerizing lake sunsets, a huge walk-in closet, and a spa-like ensuite featuring a deep soaking tub, glass-enclosed walk-in shower, double vanities, and a dedicated makeup station. Convenience meets style with a laundry room including a sink and new Electrolux washer and dryer, located just off the 2-car garage. Every detail is brand new from 2024 and 2025: fresh interior and exterior paint, luxury vinyl plank flooring throughout, new HVAC, roof, and hot water heater, plus all-new ceiling fans, recessed lighting, door hardware, closet doors, towel bars, upgraded window treatments, toilets, and bathroom fixtures. Live the Islands lifestyle with kayaking, fishing, or boating from your doorstep, while top-rated schools, boutique shops, and downtown Gilbert's vibrant dining scene are just a short walk away. This unbeatable location blends serene lake living with urban convenience. This is more than a home; it's a lifestyle upgrade. Priced for immediate sale, don't let this rare waterfront gem slip away.

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Townhouse Active

Price

$ 599,999

Bedrooms

2

Full Bath

2

Half Bath

1

Property Type

Townhouse

Taxes

$ 2,641

Style

Spanish

Lot Size

0.05

Year Built

2000

Town/City

Gilbert

County/Region

Maricopa

MLS | Web ID

6947403

Features
Interior
Interior Amenities High Speed Internet Double Vanity Upstairs Eat-in Kitchen Vaulted Ceiling(s) Full Bth Master Bdrm Separate Shwr & Tub
Flooring Vinyl Tile
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Solar Screens
Fireplace Y/N N
Total Bedrooms 2
Total Baths 3
Bedrooms Possible 3
Built-in Microwave True
Reverse Osmosis True
Walk-in Pantry True
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General
Sewer Public Sewer
Heating Electric
Cooling Central Air
Utilities SRP
Possession Close Of Escrow
Roof Tile Foam
HOA Fee 381.0
Garage Spaces 2.0
Association Fee Includes Insurance Pest Control Maintenance Grounds Front Yard Maint Trash Maintenance Exterior
Architectural Style Spanish
Construction Materials Stucco Wood Frame
Year Built 2000
View Lake
Township 1S
Property Subtype Townhouse
Tax Year 2024
Ownership Fee Simple
Community Features Lake Community Spa Biking/Walking Path
Assoc Fee Paid Per Semi-Annually
County Maricopa
Property Type Residential
HOA Y
Attached Garage N
Subdivision Name TOWNHOMES ON CORAL REEF
Possible Use None
Total Rooms 0
Special Listing Conditions N/A
Status Active
Directions East on Elliot from McQueen South on Islands Drive Left at fountain right on Coral Reef.
High School Mesquite High School
City Gilbert
Disclosures Seller Discl Avail
Association Name The Islands
High School District Gilbert Unified District
Open Parking Spaces 0.0
Lot Size Units Square Feet
Lot Size Square Feet 2030.0
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 2641.0
Home Warranty Y/N N
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 Scremin Builder
Standard Status Active
Occupancy Type Owner
Elementary School District Gilbert Unified District
Tax Lot 22
New Financing: Conventional True
Senior Community N
New Financing: FHA True
Ttl Monthly Fee Equiv 287.71
New Financing Cash True
New Financing: VA True
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Exterior
Exterior Amenities Balcony
Fencing None
Parking Features Garage Door Opener Circular Driveway Attch'd Gar Cabinets Common
Lot Features North/South Exposure Waterfront Lot Desert Front Grass Back Auto Timer H2O Front Auto Timer H2O Back
Water Source City Water
Lot Size Area 2030.0
Spa N
Lot Size Acres 0.05
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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Internal Only
Street Number 1 1426
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* Excluded Features
List By
Re/Max Excalibur

Broker

patti57thomas@icloud.com

Email

Affordability Calculator

$3,963
Per Month
94%
6%
0%
Monthly Principal & Interest
$3,743
Monthly Property Taxes
$220
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
4327291 Elementary School
4327075 Middle School
Mesquite High School High School
Pricing History
DatePricePrice ChangeDescription
11/16/2025$599,999 Listed Price

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1426 W CORAL REEF Drive, Gilbert, AZ, 85233 is a Townhouse for sale at $599,999 with 2,048 sqft and a lot size of 0.05. 1426 W CORAL REEF Drive has 2 bedrooms, 2.1 baths, and was built in 2000. The property's zip code is 85233 which is in Gilbert, AZ