1426 W CORAL REEF Drive, Gilbert, AZ 85233
$599,999
Property Type:
Residential
Bedrooms:
2
Baths:
3
Square Footage:
2,048
Lot Size (sq. ft.):
2,030
Status:
Active
Current Price:
$599,999
List Date:
11/15/2025
Last Modified:
12/12/2025
Description
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...
Supplements: 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.
More Information MLS# 6947403
Contract Information
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
List Price: $599,999
Status: Active
Current Price: $599,999
List Date: 2025-11-14
Location, Tax & Legal
Assessor's Map #: 30
Legal Description (Abbrev): LOT 22 TOWNHOMES ON CORAL REEF MCR 028348
Assessor's Parcel #: 578
Tax Municipality: Gilbert
Taxes: 2641
House Number: 1426
Compass: W
Street Name: CORAL REEF
St Suffix: Drive
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85233
Zip4: 6106
County Code: Maricopa
Assessor Number: 302-30-578
Subdivision: TOWNHOMES ON CORAL REEF
Tax Year: 2024
General Property Description
Dwelling Styles: Attached
# of Interior Levels: 2
Full Bathrooms: 2
Half Bathrooms: 1
Approx SQFT: 2048
Price/SqFt: 292.97
Approx Lot SqFt: 2030
Approx Lot Acres: 0.047
Flood Zone: No
Horses: N
Builder Name: Scremin Builder
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District
Elementary School: Islands Elementary School
Jr. High School: Mesquite Jr High School
High School: Mesquite High School
Community Pool Y/N: Yes
Private Pool Y/N: No
Planned Comm Name: The Islands
Fireplace YN: No
Marketing Name: The Islands
Dwelling Type: Townhouse
Exterior Stories: 2
# Bedrooms: 2
Total Bathrooms: 3
Year Built: 2000
Legal Info
Range: 5E
Section: 14
Township: 1S
Lot Number: 22
Special Listing Cond
N/A: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Tile: 1
Foam: 1
Association & Fees
HOA Y/N: Y
HOA Disclosure/Addendum Affirmation: No
HOA Transfer Fee: 0
HOA Fee: 381
HOA Paid Frequency: Semi-Annually
HOA Name: The Islands
HOA Telephone: 480-5457740
HOA Management Company: First Services
Special Assessment HOA: No
HOA 2 Y/N: Y
HOA 2 Transfer Fee: 0
HOA Paid Frequency 2: Monthly
HOA 2 Name: Townhome on Coral
HOA 2 Telephone: 623-473-7083
Special Assessment HOA 2: No
HOA 3 Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee: 0
Cap Improvement/Impact Fee $/%: $
Cap Improvement/Impact Fee 2: 0
Cap Improvement/Impact Fee 2 $/%: $
Prepaid Association Fees HOA: 0
Prepaid Association Fees HOA 2: 0
Disclosure Fees HOA: 0
Disclosure Fees HOA 2: 400
Other Fees HOA: 0
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Rec Center Fee 2 Y/N: N
Ttl Mthly Fee Equiv: 287.71
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Phone Call: 1
Lockbox Type
Supra: 1
Architecture
Spanish: 1
Master Bathroom
Full Bth Master Bdrm: 1
Separate Shwr & Tub: 1
Double Vanity: 1
Private Toilet Room: 1
Master Bedroom
Upstairs: 1
Add'l Property Use
None: 1
Flooring
Tile: 1
Vinyl: 1
Window Features
Solar Screens: 1
Community Features
Biking/Walking Path: 1
Community Spa: 1
Lake: 1
Dining Area
Eat-in Kitchen: 1
Breakfast Nook: 1
Heating
Electric: 1
View
Lake: 1
Kitchen Features
Dishwasher: 1
Disposal: 1
Built-in Microwave: 1
Refrigerator: 1
Reverse Osmosis: 1
Walk-in Pantry: 1
Electric Cooktop: 1
Cooling
Central Air: 1
Interior Features
Vaulted Ceiling(s): 1
Laundry
Washer Included: 1
Dryer Included: 1
Basement
Basement Y/N: N
Other Rooms
Great Room: 1
Separate Den/Office
Sep Den/Office Y/N: Y
Technology
Cable TV Avail: 1
High Speed Internet: 1
Fencing
None: 1
Water Source
City Water: 1
Community Pool Features
Play Pool: 1
Exterior Features
Balcony: 1
Patio: 1
Spa
None: 1
Sewer
Sewer - Public: 1
Parking Spaces
Slab Parking Spaces: 0
Total Covered Spaces: 2
Garage Spaces: 2
Parking Features
Attch'd Gar Cabinets: 1
Common: 1
Circular Driveway: 1
Garage Door Opener: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Utilities
SRP: 1
Existing 1st Loan
Treat as Free&Clear: 1
Property Description
Waterfront Lot: 1
North/South Exposure: 1
Landscaping
Desert Front: 1
Grass Back: 1
Auto Timer H2O Front: 1
Auto Timer H2O Back: 1
Services
City Services: 1
Items Updated
Floor Yr Updated: 2024
Plmbg Yr Updated: 2024
Ht/Cool Yr Updated: 2024
Ht/Cool Partial/Full: Full
Roof Yr Updated: 2024
Kitchen Yr Updated: 2024
Unit Style
Two Levels: 1
Disclosures
Seller Discl Avail: 1
Possession
Close of Escrow: 1
Association Fee Incl
Exterior Mnt of Unit: 1
Blanket Ins Policy: 1
Garbage Collection: 1
Pest Control: 1
Front Yard Maint: 1
Common Area Maint: 1
Assoc Rules/Info
Pets OK (See Rmrks): 1
No Visible Truck Trailer RV Boat: 1
Remarks Misc
Cross Street: Elliot & McQueen
Directions: East on Elliot from McQueen, South on Islands Drive, Left at fountain, right on Coral Reef.
Geo Lat: 33.345469
Geo Lon: -111.81931
Association Fees
Association Fee 2: 224.21
Property Features
Special Listing Cond: N/A
Add'l Property Use: None
Architecture: Spanish
View: Lake
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Private Toilet Room
Master Bedroom: Upstairs
Flooring: Tile; Vinyl
Window Features: Solar Screens
Community Pool Features: Play Pool
Spa: None
Community Features: Biking/Walking Path; Community Spa; Lake
Dining Area: Eat-in Kitchen; Breakfast Nook
Kitchen Features: Electric Cooktop; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Reverse Osmosis; Walk-in Pantry
Laundry: Washer Included; Dryer Included
Other Rooms: Great Room
Interior Features: Vaulted Ceiling(s)
Technology: Cable TV Avail; High Speed Internet
Exterior Features: Balcony; Patio
Parking Features: Circular Driveway; Attch'd Gar Cabinets; Common; Garage Door Opener
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Tile; Foam
Cooling: Central Air
Heating: Electric
Utilities: SRP
Water Source: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: None
Property Description: Waterfront Lot; North/South Exposure
Landscaping: Desert Front; Grass Back; Auto Timer H2O Front; Auto Timer H2O Back
Showing Notification Methods: Text; Phone Call
Lockbox Type: Supra
Possession: Close of Escrow
Unit Style: Two Levels
Association Fee Incl: Exterior Mnt of Unit; Blanket Ins Policy; Garbage Collection; Pest Control; Front Yard Maint; Common Area Maint
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail
Listing Office:
RE/MAX Excalibur
Last Updated: December - 12 - 2025
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