4052 E Milky Way, Gilbert, AZ 85295
New Listing
$610,000
Property Type:
Residential
Bedrooms:
4
Baths:
4
Square Footage:
2,573
Lot Size (sq. ft.):
4,175
Status:
Active
Current Price:
$610,000
List Date:
2/20/2026
Last Modified:
2/21/2026
Description
A rare basement home in an ideal location, quietly tucked into a welcoming community yet just minutes from top schools, shopping & restaurants. This beautifully updated home offers just under 2,600 sqft w/ 4 bedrooms, 2.5 baths & a rare basement designed for real living. The basement is a true standout, featuring a dedicated theater space, bonus living area, bedroom, and bath, perfect for movie nights, guests, or multi-use living. Upstairs, a functional open layout, & a kitchen w/ granite countertops, breakfast bar & bright dining area w/ glass sliding door leading to the backyard. The spacious primary suite includes a large walk-in closet & a well-appointed bath w/ dual sinks & separate tub. Recent upgrades include custom paneling throughout & new AC unit for added comfort & efficiency...
Supplements: Outside, enjoy fruit trees & a low-maintenance yard w/ new turf, ideal for easy Arizona living. The community offers a pool, parks, & sports courts, creating a neighborhood feel while remaining peaceful & mature landscaping. This home blends space, flexibility, & lifestyle in a setting that's hard to find and just right.
Open Houses
Saturday, February 21, 10:00 am - 1:00 pm
More Information MLS# 6987226
Contract Information
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
List Price: $610,000
Status: Active
Current Price: $610,000
List Date: 2026-02-07
Location, Tax & Legal
Assessor's Map #: 43
Legal Description (Abbrev): LOT 5 WILLOWS MCR
Assessor's Parcel #: 328
Tax Municipality: Gilbert
Taxes: 1761
House Number: 4052
Compass: E
Street Name: Milky
St Suffix: Way
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85295
Zip4: 6101
County Code: Maricopa
Assessor Number: 304-43-328
Subdivision: WILLOWS
Tax Year: 2025
General Property Description
Dwelling Styles: Detached
# of Interior Levels: 3
Full Bathrooms: 3
Half Bathrooms: 1
Approx SQFT: 2573
Price/SqFt: 237.08
Approx Lot SqFt: 4175
Approx Lot Acres: 0.096
Flood Zone: TBD
Horses: N
Builder Name: K. Hovnanian Homes
Elementary School District: Higley Unified School District
High School District: Higley Unified School District
Elementary School: Gateway Pointe Elementary
Jr. High School: Cooley Middle School
High School: Williams Field High School
Community Pool Y/N: Yes
Private Pool Y/N: No
Planned Comm Name: Willows
Fireplace YN: No
Marketing Name: Willows
Dwelling Type: Single Family Residence
Exterior Stories: 2
# Bedrooms: 4
Total Bathrooms: 4
Year Built: 2008
Legal Info
Range: 6E
Section: 25
Township: 1S
Lot Number: 5
Special Listing Cond
N/A: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Association & Fees
HOA Y/N: Y
HOA Disclosure/Addendum Affirmation: Yes
HOA Transfer Fee: 200
HOA Fee: 126
HOA Paid Frequency: Monthly
HOA Name: Metro Property Servi
HOA Telephone: 480-967-7182
Special Assessment HOA: No
HOA 2 Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee: 400
Cap Improvement/Impact Fee $/%: $
Cap Improvement/Impact Fee 2: 0
Cap Improvement/Impact Fee 2 $/%: $
Prepaid Association Fees HOA: 252
Disclosure Fees HOA: 175
Other Fees HOA: 0
Com Facilities Distr: N
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Rec Center Fee 2 Y/N: N
Ttl Mthly Fee Equiv: 126
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Architecture
Territorial/Santa Fe: 1
Master Bathroom
Full Bth Master Bdrm: 1
Separate Shwr & Tub: 1
Double Vanity: 1
Private Toilet Room: 1
Master Bedroom
Split: 1
Upstairs: 1
Additional Bedroom
Other Bedroom Split: 1
Other Bedroom Downstairs: 1
Master Bedroom Walk-in Closet: 1
Other Bedroom Walk-in Closet: 1
Flooring
Carpet: 1
Tile: 1
Window Features
Dual Pane: 1
Community Features
Biking/Walking Path: 1
Children's Playgrnd: 1
Dining Area
Eat-in Kitchen: 1
Breakfast Bar: 1
Breakfast Nook: 1
Dining in FR: 1
Heating
Electric: 1
Kitchen Features
220 Volts in Kitchen: 1
Dishwasher: 1
Disposal: 1
Electric Oven: 1
Built-in Microwave: 1
Non-laminate Counter: 1
Pantry: 1
Refrigerator: 1
Granite Counters: 1
Cooling
Ceiling Fan(s): 1
Programmable Thmstat: 1
Central Air: 1
Laundry
Washer Hookup: 1
220 V Dryer Hookup: 1
Inside: 1
Basement
Basement Y/N: Y
Other Rooms
Family Room: 1
Bonus/Game Room: 1
Basement Description
Finished: 1
Full: 1
Separate Den/Office
Sep Den/Office Y/N: N
Road Access Type
City Street: 1
Road Surface Type
Paved: 1
Road Responsibility
City Maintained Road: 1
Technology
Sat Dish TV Ownd: 1
Ntwrk Wrng Multi Rms: 1
Security System Owned: 1
Fencing
Back Yard: 1
Block: 1
Water Source
City Water: 1
Community Pool Features
Fenced: 1
Outdoor: 1
Spa
None: 1
Sewer
Sewer - Public: 1
Parking Spaces
Slab Parking Spaces: 2
Total Covered Spaces: 2
Garage Spaces: 2
Parking Features
Attached Garage: 1
Direct Access: 1
Garage Door Opener: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
1031 Exchange: 1
Energy/Green Feature
Multi-Zones: 1
Utilities
SRP: 1
Existing 1st Loan
Other (See Remarks): 1
Property Description
North/South Exposure: 1
Landscaping
Gravel/Stone Front: 1
Gravel/Stone Back: 1
Desert Front: 1
Desert Back: 1
Grass Front: 1
Synthetic Grass Back: 1
Yrd Wtring Sys Front: 1
Yrd Wtring Sys Back: 1
Services
City Services: 1
Items Updated
Ht/Cool Yr Updated: 2025
Ht/Cool Partial/Full: Full
Unit Style
Three or More Levels: 1
Contact Info
List Agent Cell Phn2: 480-630-5144
Disclosures
Seller Discl Avail: 1
Agency Discl Req: 1
Possession
Close of Escrow: 1
Association Fee Incl
Common Area 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: Ray Rd. & Recker Rd
Directions: From Ray Rd & Recker Rd, head south on Recker Rd. Turn left on E Oakland St. Turn left on S Olympic Dr. Turn right on E Milky Way. The property is on the left.
Geo Lat: 33.314042
Geo Lon: -111.702749
Property Features
Special Listing Cond: N/A
Architecture: Territorial/Santa Fe
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Private Toilet Room
Master Bedroom: Split; Upstairs
Additional Bedroom: Other Bedroom Split; Other Bedroom Downstairs; Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet
Flooring: Carpet; Tile
Window Features: Dual Pane
Community Pool Features: Fenced; Outdoor
Spa: None
Community Features: Biking/Walking Path; Children's Playgrnd
Dining Area: Eat-in Kitchen; Breakfast Bar; Breakfast Nook; Dining in FR
Kitchen Features: 220 Volts in Kitchen; Electric Oven; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Pantry; Granite Counters; Non-laminate Counter
Laundry: Washer Hookup; 220 V Dryer Hookup; Inside
Basement Description: Finished; Full
Other Rooms: Family Room; Bonus/Game Room
Technology: Sat Dish TV Ownd; Ntwrk Wrng Multi Rms; Security System Owned
Parking Features: Attached Garage; Direct Access; Garage Door Opener
Road Access Type: City Street
Road Surface Type: Paved
Road Responsibility: City Maintained Road
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Cooling: Central Air; Ceiling Fan(s); Programmable Thmstat
Utilities: SRP
Water Source: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: Back Yard; Block
Property Description: North/South Exposure
Landscaping: Gravel/Stone Front; Gravel/Stone Back; Desert Front; Desert Back; Grass Front; Synthetic Grass Back; Yrd Wtring Sys Front; Yrd Wtring Sys Back
Lockbox Type: Supra
Possession: Close of Escrow
Unit Style: Three or More Levels
Association Fee Incl: Common Area Maint
Existing 1st Loan: Other (See Remarks)
New Financing: Cash; VA; FHA; Conventional; 1031 Exchange
Disclosures: Seller Discl Avail; Agency Discl Req
Listing Office:
Real Broker
Last Updated: February - 21 - 2026
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