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: 4/17/2026

Overview

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 ...

Open Houses

  • Tomorrow, 11:00 am - 2:00 pm
  • Sunday, April 19, 11:00 am - 2:00 pm

Listing Details MLS# 7015341

Location, Tax & Legal

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
Assessor's Map #
30
Legal Description (Abbrev)
LOT 33 TOWNHOMES ON CORAL REEF MCR 028348
Assessor's Parcel #
589
Tax Municipality
Gilbert
Taxes
2221

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
3
Full Bathrooms
2
Half Bathrooms
Yes
Total Bathrooms
3
Approx SQFT
2289
Price/SqFt
240.28
Horses
N
Model
Waterfront
Builder Name
unknown
Year Built
1988
Approx Lot SqFt
1668
Approx Lot Acres
0.038
Flood Zone
No
Community Pool Y/N
Yes
Private Pool Y/N
No
Fireplace YN
Yes
Fireplaces Total
2
Planned Comm Name
The Islands
Marketing Name
Coral Reef
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
McQueen & Elliot
Directions
East on Elliot, right on Islands Dr., left at fountain, right on Coral Reef.

Legal Info

Township
1S
Range
5E
Section
14
Lot Number
33

Association Fees

Association Fee 2
382.68

More Information

Basement

Basement Y/N
N

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

Parking Spaces

Garage Spaces
2
Total Covered Spaces
2
Slab Parking Spaces
0

Showing Notification Methods

Showing Service
Aligned Showings

Special Listing Cond

N/A
Yes
Owner/Agent
Yes

Construction

Wood Frame
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Built-Up
Yes
Tile
Yes

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

Lockbox Type

Supra
Yes

Master Bathroom

Full Bth Master Bdrm
Yes
Separate Shwr & Tub
Yes
Double Vanity
Yes
Tub with Jets
Yes

Master Bedroom

Split
Yes
Upstairs
Yes

Additional Bedroom

Other Bedroom Split
Yes
Master Bedroom Walk-in Closet
Yes

Fireplace Features

Fireplace Living Rm
Yes
Fireplace Master Bdr
Yes

Flooring

Carpet
Yes
Tile
Yes

Window Features

Dual Pane
Yes
Low-Emissivity Windows
Yes

Community Features

Biking/Walking Path
Yes
Clubhouse/Rec Room
Yes
Lake
Yes

Dining Area

Formal
Yes
Eat-in Kitchen
Yes
Breakfast Bar
Yes

Heating

Electric
Yes

View

Lake
Yes

Kitchen Features

Dishwasher
Yes
Disposal
Yes
Built-in Microwave
Yes
Pantry
Yes
Refrigerator
Yes
Granite Counters
Yes

Cooling

Ceiling Fan(s)
Yes
Central Air
Yes

Interior Features

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

Laundry

Washer Included
Yes
Dryer Included
Yes
Inside
Yes
Upstairs Laundry
Yes

Other Rooms

Loft
Yes

Separate Den/Office

Sep Den/Office Y/N
N

Technology

High Speed Internet
Yes

Fencing

None
Yes

Water Source

City Water
Yes

Community Pool Features

Outdoor
Yes
Play Pool
Yes

Exterior Features

Balcony
Yes
Covered Patio(s)
Yes
Patio
Yes

Spa

None
Yes

Sewer

Sewer - Public
Yes

Parking Features

Attached Garage
Yes
Direct Access
Yes
Garage Door Opener
Yes
Unassigned
Yes

New Financing

Cash
Yes
VA
Yes
Conventional
Yes

Plumbing

Electric Hot Wtr Htr
Yes

Utilities

SRP
Yes

Existing 1st Loan

Conventional
Yes

Property Description

Waterfront Lot
Yes
Cul-De-Sac Lot
Yes
Corner Lot
Yes

Landscaping

Grass Back
Yes

Unit Style

Two Levels
Yes

Disclosures

Seller Discl Avail
Yes
Agency Discl Req
Yes

Possession

By Agreement
Yes
Close of Escrow
Yes

Association Fee Incl

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

Assoc Rules/Info

Pets OK (See Rmrks)
Yes
Rental OK (See Rmks)
Yes
Clubhouse
Yes
Prof Managed
Yes

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
IDX
Last Updated: April - 17 - 2026
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