1421 W CORAL REEF Drive, Gilbert, AZ 85233 (MLS# 7015341)

1421 W CORAL REEF Drive, Gilbert, AZ 85233

$550,000

Property Type: Residential Bedrooms: 3 Baths: 3 Square Footage: 2,289 Lot Size (sq. ft.): 1,668 Status: Active

Current Price: $550,000 Last Modified: 4/20/2026

Description

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

Supplements: 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!

More Information MLS# 7015341

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No List Price: $550,000 Status: Active Current Price: $550,000 List Date: 2026-04-17

Location, Tax & Legal

Assessor's Map #: 30 Legal Description (Abbrev): LOT 33 TOWNHOMES ON CORAL REEF MCR 028348 Assessor's Parcel #: 589 Tax Municipality: Gilbert Taxes: 2221 House Number: 1421 Compass: W Street Name: CORAL REEF St Suffix: Drive City/Town Code: Gilbert State/Province: AZ Zip Code: 85233 Zip4: 6107 County Code: Maricopa Assessor Number: 302-30-589 Subdivision: TOWNHOMES ON CORAL REEF Tax Year: 2025

General Property Description

Dwelling Styles: Attached # of Interior Levels: 2 Full Bathrooms: 2 Half Bathrooms: 1 Approx SQFT: 2289 Price/SqFt: 240.28 Approx Lot SqFt: 1668 Approx Lot Acres: 0.038 Flood Zone: No Horses: N Model: Waterfront Builder Name: unknown 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: Yes Fireplaces Total: 2 Marketing Name: Coral Reef Dwelling Type: Townhouse Exterior Stories: 2 # Bedrooms: 3 Total Bathrooms: 3 Year Built: 1988

Legal Info

Range: 5E Section: 14 Township: 1S Lot Number: 33

Special Listing Cond

N/A: 1 Owner/Agent: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1

Roofing

Built-Up: 1 Tile: 1

Association & Fees

HOA Y/N: Y HOA Disclosure/Addendum Affirmation: Yes HOA Transfer Fee: 264.75 HOA Fee: 224.21 HOA Paid Frequency: Monthly HOA Name: Townhomes Coral Reef HOA Telephone: 602-227-4418 HOA Management Company: AAMG HOA Management Phone: 623-473-7083 Special Assessment HOA: No HOA 2 Y/N: Y HOA 2 Transfer Fee: 155 HOA Paid Frequency 2: Semi-Annually HOA 2 Name: The Islands Master HOA 2 Telephone: 480-551-4300 HOA Management Company 2: First Service 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: 2254.65 Cap Improvement/Impact Fee 2 $/%: $ Prepaid Association Fees HOA: 448.42 Prepaid Association Fees HOA 2: 0 Disclosure Fees HOA: 400 Disclosure Fees HOA 2: 245 Other Fees HOA: 0 Com Facilities Distr: N Land Lease Fee Y/N: N Rec Center Fee Y/N: N Rec Center Fee: 0 Rec Center Pd (Freq): Semi-Annually Rec Center Fee 2 Y/N: N Ttl Mthly Fee Equiv: 287.99

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

Master Bedroom

Split: 1 Upstairs: 1

Additional Bedroom

Other Bedroom Split: 1 Master Bedroom Walk-in Closet: 1

Fireplace Features

Fireplace Living Rm: 1 Fireplace Master Bdr: 1

Flooring

Carpet: 1 Tile: 1

Window Features

Dual Pane: 1 Low-Emissivity Windows: 1

Community Features

Biking/Walking Path: 1 Clubhouse/Rec Room: 1 Lake: 1

Dining Area

Formal: 1 Eat-in Kitchen: 1 Breakfast Bar: 1

Heating

Electric: 1

View

Lake: 1

Kitchen Features

Dishwasher: 1 Disposal: 1 Built-in Microwave: 1 Pantry: 1 Refrigerator: 1 Granite Counters: 1

Cooling

Ceiling Fan(s): 1 Central Air: 1

Interior Features

Vaulted Ceiling(s): 1 9+ Flat Ceilings: 1 Soft Water Loop: 1

Laundry

Washer Included: 1 Dryer Included: 1 Inside: 1 Upstairs Laundry: 1

Basement

Basement Y/N: N

Other Rooms

Loft: 1

Separate Den/Office

Sep Den/Office Y/N: N

Technology

High Speed Internet: 1

Fencing

None: 1

Water Source

City Water: 1

Community Pool Features

Outdoor: 1 Play Pool: 1

Exterior Features

Balcony: 1 Covered Patio(s): 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

Attached Garage: 1 Direct Access: 1 Garage Door Opener: 1 Unassigned: 1

New Financing

Cash: 1 VA: 1 Conventional: 1

Plumbing

Electric Hot Wtr Htr: 1

Utilities

SRP: 1

Existing 1st Loan

Conventional: 1

Property Description

Waterfront Lot: 1 Cul-De-Sac Lot: 1 Corner Lot: 1

Landscaping

Grass Back: 1

Items Updated

Floor Yr Updated: 2020 Floor Partial/Full: Partial Ht/Cool Yr Updated: 2019 Ht/Cool Partial/Full: Full Roof Yr Updated: 2025 Roof Partial/Full: Partial

Unit Style

Two Levels: 1

Disclosures

Seller Discl Avail: 1 Agency Discl Req: 1

Possession

By Agreement: 1 Close of Escrow: 1

Association Fee Incl

Exterior Mnt of Unit: 1 Blanket Ins Policy: 1 Pest Control: 1 Front Yard Maint: 1 Common Area Maint: 1 Street Maint: 1

Assoc Rules/Info

Pets OK (See Rmrks): 1 Rental OK (See Rmks): 1 Clubhouse: 1 Prof Managed: 1

Remarks Misc

Cross Street: McQueen & Elliot Directions: East on Elliot, right on Islands Dr., left at fountain, right on Coral Reef. Geo Lat: 33.3448 Geo Lon: -111.819597

Association Fees

Association Fee 2: 382.68

Property Features

Special Listing Cond: N/A; Owner/Agent View: Lake Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Tub with Jets Master Bedroom: Split; Upstairs Additional Bedroom: Other Bedroom Split; Master Bedroom Walk-in Closet Fireplace Features: Fireplace Living Rm; Fireplace Master Bdr Flooring: Carpet; Tile Window Features: Dual Pane; Low-Emissivity Windows Community Pool Features: Outdoor; Play Pool Spa: None Community Features: Biking/Walking Path; Clubhouse/Rec Room; Lake Dining Area: Formal; Eat-in Kitchen; Breakfast Bar Kitchen Features: Disposal; Dishwasher; Built-in Microwave; Refrigerator; Pantry; Granite Counters Laundry: Washer Included; Dryer Included; Inside; Upstairs Laundry Other Rooms: Loft Interior Features: Vaulted Ceiling(s); 9+ Flat Ceilings; Soft Water Loop Technology: High Speed Internet Exterior Features: Balcony; Covered Patio(s); Patio Parking Features: Attached Garage; Direct Access; Garage Door Opener; Unassigned Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Built-Up; Tile Cooling: Central Air; Ceiling Fan(s) Heating: Electric Plumbing: Electric Hot Wtr Htr Utilities: SRP Water Source: City Water Sewer: Sewer - Public Fencing: None Property Description: Waterfront Lot; Cul-De-Sac Lot; Corner Lot Landscaping: Grass Back Lockbox Type: Supra Possession: By Agreement; Close of Escrow Unit Style: Two Levels Association Fee Incl: Exterior Mnt of Unit; Blanket Ins Policy; Pest Control; Front Yard Maint; Common Area Maint; Street Maint Existing 1st Loan: Conventional New Financing: Cash; VA; Conventional Disclosures: Seller Discl Avail; Agency Discl Req

Listing Office: Realty ONE Group

Last Updated: April - 20 - 2026