1318 E TREASURE COVE Drive, Gilbert, AZ 85234
New Listing
$2,299,999
Property Type:
Residential
Bedrooms:
5
Baths:
5
Square Footage:
5,731
Lot Size (sq. ft.):
14,244
Status:
Active
Current Price:
$2,299,999
List Date:
4/15/2026
Last Modified:
4/15/2026
Description
Welcome to Treasure Cove, an exceptional lakefront BASEMENT home offering 5 bedrooms, 4.5 bathrooms, and 5,731 sqft of thoughtfully designed living in one of Gilbert's most sought-after communities.
Experience true Arizona resort-style living in your own backyard, complete with a negative-edge pool and spa, built-in BBQ, sunken fireplace, outdoor shower, and private dock with direct lake access. Whether it's kayaking at sunrise, paddleboarding in the afternoon, or unwinding with sunset views over the water, this home delivers a lifestyle few can match.
Inside, you're welcomed by soaring ceilings and an expansive open-concept layout designed for both everyday living and elevated entertaining. The spacious great room flows seamlessly into the kitchen, featuring granite countertops, abundan
Supplements: cabinetry, and generous prep space. A double-door den offers flexibility as a private office or optional sixth bedroom. The oversized primary suite is a true retreat, showcasing serene lake views, a cozy fireplace, spa-inspired ensuite bath, and a spacious walk-in closet. Downstairs, the fully finished basement expands your living options with a full kitchen, two additional bedrooms, a full bathroom, fireplace, and its own private entrance, ideal for multi-generational living, guests, or extended stays. Located within the prestigious Val Vista Lakes community, residents enjoy access to world-class amenities including a multi-million-dollar clubhouse, sandy beach lagoon, tennis and pickleball courts, a fitness center, heated Olympic-style pool and spa, and scenic walking and biking trails, all surrounded by lush, waterfront beauty. This is more than a home, it's a lifestyle. A rare opportunity to own lakefront living in one of Gilbert's premier master-planned communities.
More Information MLS# 7010987
Contract Information
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
List Price: $2,299,999
Status: Active
Current Price: $2,299,999
List Date: 2026-04-08
Location, Tax & Legal
Assessor's Map #: 96
Legal Description (Abbrev): LOT 49 WEST LAKE ESTATES 2 LOT 41-66 T A-C P-1A MCR 030408
Assessor's Parcel #: 738
Tax Municipality: Gilbert
Taxes: 9633
House Number: 1318
Compass: E
Street Name: TREASURE COVE
St Suffix: Drive
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85234
Zip4: 2656
County Code: Maricopa
Assessor Number: 304-96-738
Subdivision: WEST LAKE ESTATES 2 LOT 41-66 T A-C P-1A
Tax Year: 2025
General Property Description
Dwelling Styles: Detached
# of Interior Levels: 2
Full Bathrooms: 4
Half Bathrooms: 1
Approx SQFT: 5731
Price/SqFt: 401.33
Approx Lot SqFt: 14244
Approx Lot Acres: 0.327
Horses: N
Builder Name: UNKNOWN
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District
Elementary School: Val Vista Lakes Elementary School
Jr. High School: Greenfield Elementary School
High School: Gilbert High School
Community Pool Y/N: No
Private Pool Y/N: Yes
Planned Comm Name: Val Vista Lakes
Fireplace YN: Yes
Fireplaces Total: 3
Marketing Name: BASEMENT HOME
Dwelling Type: Single Family Residence
Exterior Stories: 2
# Bedrooms: 5
Total Bathrooms: 5
Year Built: 1996
Legal Info
Range: 6E
Section: 5
Cnty Rcrd Bk & Pg #: 30408
Township: 1S
Lot Number: 49
Special Listing Cond
N/A: 1
Construction
Block: 1
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Construction Status
Complete Spec Home: 1
Roofing
Tile: 1
Pmt & Rate Info
Down Payment: 0
Total Encumbrance: 0
Total Asum Mnth Pmts: 0
Association & Fees
HOA Y/N: Y
HOA Disclosure/Addendum Affirmation: Yes
HOA Transfer Fee: 100
HOA Fee: 158.11
HOA Paid Frequency: Monthly
HOA Name: West Lake Estates
HOA Telephone: 480-635-1133
Special Assessment HOA: No
HOA 2 Y/N: Y
HOA 2 Transfer Fee: 250
HOA Paid Frequency 2: Monthly
HOA 2 Name: Val Vista Lakes
HOA 2 Telephone: 480-926-9693
Special Assessment HOA 2: No
HOA 3 Y/N: N
PAD Fee Y/N: N
PAD Fee: 0
Cap Improvement/Impact Fee: 1000
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: 185
Disclosure Fees HOA: 275
Disclosure Fees HOA 2: 125
Other Fees HOA: 185
Other Fees Description: New Owner Fee $185
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Rec Center Fee 2 Y/N: N
Ttl Mthly Fee Equiv: 308.11
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Master Bathroom
Full Bth Master Bdrm: 1
Separate Shwr & Tub: 1
Double Vanity: 1
Tub with Jets: 1
Bidet: 1
Master Bedroom
Split: 1
Additional Bedroom
Separate Bedroom Exit: 1
Master Bedroom Walk-in Closet: 1
Other Bedroom Walk-in Closet: 1
Add'l Property Use
None: 1
Fireplace Features
Fireplace Family Rm: 1
Fireplace Master Bdr: 1
Gas Fireplace: 1
Other: 1
Flooring
Carpet: 1
Tile: 1
Window Features
Solar Screens: 1
Private Pool Features
Outdoor: 1
Play Pool: 1
Community Features
Biking/Walking Path: 1
Children's Playgrnd: 1
Clubhouse/Rec Room: 1
Comm Tennis Court(s): 1
Community Spa Htd: 1
Gated: 1
Racquetball: 1
Lake: 1
Pickleball: 1
Dining Area
Formal: 1
Eat-in Kitchen: 1
Breakfast Room: 1
Heating
Natural Gas: 1
View
Lake: 1
Kitchen Features
Built-In Electric Oven: 1
Dishwasher: 1
Disposal: 1
Electric Range: 1
Kitchen Island: 1
Built-in Microwave: 1
Pantry: 1
Refrigerator: 1
Walk-in Pantry: 1
Electric Cooktop: 1
Quartz Countertops: 1
Cooling
Ceiling Fan(s): 1
Programmable Thmstat: 1
Central Air: 1
Interior Features
Skylight(s): 1
Soft Water Loop: 1
Laundry
Washer Included: 1
Dryer Included: 1
Inside: 1
Basement
Basement Y/N: Y
Other Rooms
Family Room: 1
Bonus/Game Room: 1
Basement Description
Exterior Entry: 1
Interior Entry: 1
Walk-Out Access: 1
Walk-Up Access: 1
Finished: 1
Full: 1
Storage Space: 1
Separate Den/Office
Sep Den/Office Y/N: Y
Road Surface Type
Asphalt: 1
Road Responsibility
City Maintained Road: 1
Technology
Pre-Wire Srnd Snd: 1
Cable TV Avail: 1
High Speed Internet: 1
Ntwrk Wrng Multi Rms: 1
Security System Owned: 1
Fencing
Block: 1
Water Source
City Water: 1
Exterior Features
Built-in BBQ: 1
Covered Patio(s): 1
Patio: 1
Storage: 1
Private Street(s): 1
Spa
Private: 1
Heated: 1
Sewer
Sewer - Public: 1
Parking Spaces
Slab Parking Spaces: 0
Total Covered Spaces: 4
Garage Spaces: 4
Parking Features
Attch'd Gar Cabinets: 1
Direct Access: 1
Garage Door Opener: 1
Foundation Details
Slab: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Energy/Green Feature
Multi-Zones: 1
Utilities
SRP: 1
SW Gas: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 1st Loan Terms
Non Assumable: 1
Property Description
Waterfront Lot: 1
North/South Exposure: 1
Landscaping
Grass Front: 1
Yrd Wtring Sys Front: 1
Auto Timer H2O Front: 1
Services
City Services: 1
Items Updated
Roof Yr Updated: 2023
Roof Partial/Full: Partial
Kitchen Yr Updated: 2017
Kitchen Partial/Full: Partial
Bath(s) Yr Updated: 2020
Bath(s) Partial/Full: Partial
Disclosures
Seller Discl Avail: 1
Agency Discl Req: 1
Possession
By Agreement: 1
Association Fee Incl
Common Area Maint: 1
Street Maint: 1
Assoc Rules/Info
Pets OK (See Rmrks): 1
No Visible Truck Trailer RV Boat: 1
Rental OK (See Rmks): 1
Prof Managed: 1
Remarks Misc
Cross Street: Val Vista & Baseline
Geo Lat: 33.373533
Geo Lon: -111.75812
Association Fees
Association Fee 2: 150
Property Features
Special Listing Cond: N/A
Add'l Property Use: None
View: Lake
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Tub with Jets; Bidet
Master Bedroom: Split
Additional Bedroom: Separate Bedroom Exit; Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet
Fireplace Features: Fireplace Family Rm; Fireplace Master Bdr; Gas Fireplace; Other
Flooring: Carpet; Tile
Window Features: Solar Screens
Private Pool Features: Outdoor; Play Pool
Spa: Private; Heated
Community Features: Biking/Walking Path; Children's Playgrnd; Clubhouse/Rec Room; Comm Tennis Court(s); Community Spa Htd; Gated; Racquetball; Lake; Pickleball
Dining Area: Formal; Eat-in Kitchen; Breakfast Room
Kitchen Features: Built-In Electric Oven; Electric Range; Electric Cooktop; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Pantry; Walk-in Pantry; Quartz Countertops; Kitchen Island
Laundry: Washer Included; Dryer Included; Inside
Basement Description: Exterior Entry; Interior Entry; Walk-Out Access; Walk-Up Access; Finished; Full; Storage Space
Foundation Details: Slab
Other Rooms: Family Room; Bonus/Game Room
Interior Features: Skylight(s); Soft Water Loop
Technology: Pre-Wire Srnd Snd; Cable TV Avail; High Speed Internet; Ntwrk Wrng Multi Rms; Security System Owned
Exterior Features: Built-in BBQ; Covered Patio(s); Patio; Private Street(s); Storage
Parking Features: Attch'd Gar Cabinets; Direct Access; Garage Door Opener
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Construction Status: Complete Spec Home
Roofing: Tile
Cooling: Central Air; Ceiling Fan(s); Programmable Thmstat
Heating: Natural Gas
Utilities: SRP; SW Gas
Water Source: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: Block
Property Description: Waterfront Lot; North/South Exposure
Landscaping: Grass Front; Yrd Wtring Sys Front; Auto Timer H2O Front
Lockbox Type: Supra
Possession: By Agreement
Association Fee Incl: Common Area Maint; Street Maint
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Terms: Non Assumable
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail; Agency Discl Req
Listing Office:
The Ave Collective
Last Updated: April - 15 - 2026
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