Townhouse $ 550,000

1421 W CORAL REEF Drive

Gilbert, AZ 85233

  • 3 Beds
  • 2.5 Baths
    Full Baths: 2 Half Baths: 1
  • 2,289 SqFt
  • 1,668 Lot Size
  • 1988 Year Built
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 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!
Listed by Realty ONE Group

PROPERTY DETAIL

  • Key Details

    Property Type Townhouse

    Sub Type Townhouse

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 289 sqft

    Price per Sqft $240

    Subdivision Townhomes On Coral Reef

    MLS Listing ID 7015341

    Bedrooms 3

    Full Baths 2

    Half Baths 1

    HOA Fees $287/mo

    HOA Y/N Yes

    Year Built 1988

    Annual Tax Amount $2,221

    Tax Year 2025

    Lot Size 1,668 Sqft

    Acres 0.04

    Property Sub-Type Townhouse

    Source Arizona Regional Multiple Listing Service (ARMLS)

  • Location

    State AZ

    County Maricopa

    Community Townhomes On Coral Reef

    Area Maricopa

    Direction East on Elliot, right on Islands Dr., left at fountain, right on Coral Reef.

  • Rooms

    Other Rooms Loft

    Master Bathroom Double Sink

    Master Bedroom Split

    Den/Bedroom Plus 4

    Separate Den/Office N

  • Building

    Lot Description Waterfront Lot, Corner Lot, Cul-De-Sac, Grass Back

    Story 2

    Builder Name unknown

    Sewer Public Sewer

    Water City Water

    Structure Type Balcony

    New Construction No

  • Interior

    Interior Features High Speed Internet, Granite Counters, Double Vanity, Upstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets

    Heating Electric

    Cooling Central Air, Ceiling Fan(s)

    Flooring Carpet, Tile

    Fireplaces Type Living Room, Master Bedroom

    Fireplace Yes

    Window Features Low-Emissivity Windows,Dual Pane

    Appliance Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal

    SPA None

    Laundry Upstairs Laundry, Inside

  • Exterior

    Exterior Feature Balcony

    Parking Features Attached Garage, Unassigned, Garage Door Opener, Direct Access

    Garage Spaces 2.0

    Garage Description 2.0

    Fence None

    Community Features Pool, Lake, Biking/Walking Path

    Utilities Available SRP

    Waterfront Description true

    View Lake

    Roof Type Tile,Built-Up

    Porch Covered Patio(s), Patio

    Total Parking Spaces 2

    Private Pool No

  • Schools

    Elementary Schools Islands Elementary School

    Middle Schools Mesquite Jr High School

    High Schools Mesquite High School

    School District Gilbert Unified District

  • Others

    HOA Name Townhomes Coral Reef

    HOA Fee Include Insurance,Pest Control,Maintenance Grounds,Street Maint,Front Yard Maint,Maintenance Exterior

    Senior Community No

    Tax ID 302-30-589

    Ownership Fee Simple

    Acceptable Financing Cash, Conventional, VA Loan

    Horse Property N

    Disclosures Agency Discl Req, Seller Discl Avail

    Possession Close Of Escrow, By Agreement

    Listing Terms Cash, Conventional, VA Loan

    Special Listing Condition N/A, Owner/Agent

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