1426 W CORAL REEF Drive, Gilbert, AZ 85233

$590,000
Property Type: Residential Bedrooms: 2 Baths: 3 Square Footage: 2,048 Lot Size (sq. ft.): 2,030 Status: Closed
Current Price: $590,000 List Date: 11/15/2025 Last Modified: 7/06/2026

Overview

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 loss 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 sanctua ...

Listing Details MLS# 6947403

Location, Tax & Legal

House Number
1426
Compass
W
Street Name
CORAL REEF
St Suffix
Drive
City/Town Code
Gilbert
State/Province
AZ
Zip Code
85233
Zip4
6106
Country
US
County Code
Maricopa
Assessor Number
302-30-578
Subdivision
TOWNHOMES ON CORAL REEF
Tax Year
2024
Assessor's Map #
30
Legal Description (Abbrev)
LOT 22 TOWNHOMES ON CORAL REEF MCR 028348
Assessor's Parcel #
578
Tax Municipality
Gilbert
Taxes
2641

Contract Information

Type
Exclusive Right To Sell
Ownership
Fee Simple
Co-Ownership (Fractional) Agreement YN
No

General Property Description

Dwelling Type
Townhouse
Dwelling Styles
Attached
Exterior Stories
2
# of Interior Levels
2
# Bedrooms
2
Full Bathrooms
2
Half Bathrooms
Yes
Total Bathrooms
3
Approx SQFT
2048
Price/SqFt
288.09
Horses
N
Builder Name
Scremin Builder
Year Built
2000
Approx Lot SqFt
2030
Approx Lot Acres
0.047
Flood Zone
No
Community Pool Y/N
Yes
Private Pool Y/N
No
Fireplace YN
No
Planned Comm Name
The Islands
Marketing Name
The Islands
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

Remarks Misc

Cross Street
Elliot & McQueen
Directions
East on Elliot from McQueen, South on Islands Drive, Left at fountain, right on Coral Reef.

Status Change Info

Off Market Date
2026-02-06
Under Contract Date
2026-01-17
Close of Escrow Date
2026-02-12

Legal Info

Township
1S
Range
5E
Section
14
Lot Number
22

More Information

Association Fees

Association Fee 2
224.21

Basement

Basement Y/N
N

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

Parking Spaces

Garage Spaces
2
Total Covered Spaces
2
Slab Parking Spaces
0

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Phone Call
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Special Listing Cond

N/A
Yes

Construction

Wood Frame
Yes

Const - Finish

Stucco
Yes

Roofing

Tile
Yes
Foam
Yes

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

Lockbox Type

Supra
Yes

Architecture

Spanish
Yes

Master Bathroom

Full Bth Master Bdrm
Yes
Separate Shwr & Tub
Yes
Double Vanity
Yes
Private Toilet Room
Yes

Master Bedroom

Upstairs
Yes

Add'l Property Use

None
Yes

Flooring

Tile
Yes
Vinyl
Yes

Window Features

Solar Screens
Yes

Community Features

Biking/Walking Path
Yes
Community Spa
Yes
Lake
Yes

Dining Area

Eat-in Kitchen
Yes
Breakfast Nook
Yes

Heating

Electric
Yes

View

Lake
Yes

Kitchen Features

Dishwasher
Yes
Disposal
Yes
Built-in Microwave
Yes
Refrigerator
Yes
Reverse Osmosis
Yes
Walk-in Pantry
Yes
Electric Cooktop
Yes

Cooling

Central Air
Yes

Interior Features

Vaulted Ceiling(s)
Yes

Laundry

Washer Included
Yes
Dryer Included
Yes

Other Rooms

Great Room
Yes

Separate Den/Office

Sep Den/Office Y/N
Y

Technology

Cable TV Avail
Yes
High Speed Internet
Yes

Fencing

None
Yes

Water Source

City Water
Yes

Community Pool Features

Play Pool
Yes

Exterior Features

Balcony
Yes
Patio
Yes

Spa

None
Yes

Sewer

Sewer - Public
Yes

Parking Features

Attch'd Gar Cabinets
Yes
Common
Yes
Circular Driveway
Yes
Garage Door Opener
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes
FHA
Yes

Utilities

SRP
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Property Description

Waterfront Lot
Yes
North/South Exposure
Yes

Landscaping

Desert Front
Yes
Grass Back
Yes
Auto Timer H2O Front
Yes
Auto Timer H2O Back
Yes

Services

City Services
Yes

Unit Style

Two Levels
Yes

Disclosures

Seller Discl Avail
Yes

Possession

Close of Escrow
Yes

Association Fee Incl

Exterior Mnt of Unit
Yes
Blanket Ins Policy
Yes
Garbage Collection
Yes
Pest Control
Yes
Front Yard Maint
Yes
Common Area Maint
Yes

Assoc Rules/Info

Pets OK (See Rmrks)
Yes
No Visible Truck Trailer RV Boat
Yes

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
IDX
Listing Office: RE/MAX Excalibur
Last Updated: July - 06 - 2026
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