1426 W CORAL REEF Drive, Gilbert, AZ 85233

New Listing
$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: 11/19/2025

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
IDX
Last Updated: November - 19 - 2025
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