1501 E RAKESTRAW Lane, Gilbert, AZ 85298 (MLS# 6958168)

1501 E RAKESTRAW Lane, Gilbert, AZ 85298

$835,000

Property Type: Residential Bedrooms: 4 Baths: 4 Square Footage: 3,173 Lot Size (sq. ft.): 5,968 Status: Closed

Current Price: $835,000 Last Modified: 3/03/2026

Description

Welcome to Waterston! - Luxury Living in a Prestigious Gated Community! Step into elegance and comfort with this stunning 4-bedroom, 3.5-bath home, complete with a dedicated office and a spacious loft, thoughtfully designed for modern living. With $90K in premium upgrades, this residence combines style, function, and an exceptional lifestyle. A charming curb appeal sets the tone with a 2-car garage, paver driveway, and stylish stone accents. Inside, the impressive open floor plan showcases contemporary design elements, abundant natural light, plantation shutters, surround sound, and a striking wall-mounted fireplace. The gourmet kitchen is a chef's dream - featuring stainless steel appliances, a gas cooktop, tile backsplash, quartz countertops, ample cabinetry with crown moulding, . . .

Supplements: recessed and pendant lighting, and a large prep island with breakfast bar seating. Upstairs, enjoy a versatile loft, perfect for a media room, playroom, or secondary office space. The serene primary suite offers plush carpeting, a spa-like ensuite with dual vanities, a soaking tub, and a generous walk-in closet. A second main bedroom and an open den provide even more flexibility for guests or multi-generational living. Spacious backyard is complete with a gorgeous green turf including a putting green and offers an amazing covered patio, with an outdoor kitchen with a built-in BBQ, warming drawer, refrigerator and plenty of countertop/serving space. What's not to like? A deal like this surely won't last! It's New...It's Move-in Ready. It can be Yours! Located in one of Gilbert's most desirable gated communities, this home offers outstanding security, privacy, and resort-style amenities. Schools - Gilbert Schools are Top Rated...plus just minutes from the best dining, shopping, entertainment, and outdoor recreation that Gilbert, Arizona has to offer!

More Information MLS# 6958168

Contract Information

Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No Sold Price: $835,000 Status: Closed Current Price: $835,000 List Date: 2025-12-15

Location, Tax & Legal

Assessor's Map #: 33 Legal Description (Abbrev): LOT 155 WATERSTON NORTH PHASE 1 MCR Assessor's Parcel #: 633 Tax Municipality: Gilbert Taxes: 2367 House Number: 1501 Compass: E Street Name: RAKESTRAW St Suffix: Lane City/Town Code: Gilbert State/Province: AZ Zip Code: 85298 Zip4: 0728 County Code: Maricopa Assessor Number: 313-33-633 Subdivision: WATERSTON NORTH PHASE 1 Tax Year: 2025

General Property Description

Dwelling Styles: Detached # of Interior Levels: 2 Full Bathrooms: 3 Half Bathrooms: 1 Approx SQFT: 3173 Price/SqFt: 263.16 Approx Lot SqFt: 5968 Approx Lot Acres: 0.137 Horses: N Builder Name: Tri Pointe Homes Elementary School District: Chandler Unified District #80 High School District: Chandler Unified District #80 Elementary School: Robert J.C. Rice Elementary School Jr. High School: Robert J.C. Rice Elementary School High School: Perry High School Community Pool Y/N: No Private Pool Y/N: No Planned Comm Name: Waterston Fireplace YN: Yes Fireplaces Total: 1 Marketing Name: Waterston Dwelling Type: Single Family Residence Exterior Stories: 2 # Bedrooms: 4 Total Bathrooms: 4 Year Built: 2023

Legal Info

Range: 6E Section: 17 Township: 2S Lot Number: 155

Special Listing Cond

N/A: 1

Construction

Wood Frame: 1

Const - Finish

Painted: 1 Stucco: 1 Stone: 1

Roofing

Tile: 1

Association & Fees

HOA Y/N: Y HOA Disclosure/Addendum Affirmation: Yes HOA Transfer Fee: 0 HOA Fee: 165 HOA Paid Frequency: Monthly HOA Name: Waterston HOA Telephone: 602-437-4777 Special Assessment HOA: No HOA 2 Y/N: N PAD Fee Y/N: N PAD Fee: 0 Cap Improvement/Impact Fee: 330 Cap Improvement/Impact Fee $/%: $ Cap Improvement/Impact Fee 2: 0 Cap Improvement/Impact Fee 2 $/%: $ Prepaid Association Fees HOA: 330 Disclosure Fees HOA: 400 Other Fees HOA: 1650 Other Fees Description: Community Enhancement Fee Land Lease Fee Y/N: N Land Lease Fee: 0 Rec Center Fee Y/N: N Rec Center Fee: 0 Rec Center Fee 2: 0 Ttl Mthly Fee Equiv: 165

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Email: 1 Phone Call: 1

Lockbox Type

Supra: 1 See Private Remarks: 1

Architecture

Contemporary: 1

Master Bathroom

Full Bth Master Bdrm: 1 Separate Shwr & Tub: 1 Double Vanity: 1 Private Toilet Room: 1 2 Master Baths: 1

Master Bedroom

Upstairs: 1

Additional Bedroom

2 Master Bedrooms: 1 Other Bedroom Downstairs: 1 Master Bedroom Walk-in Closet: 1 Other Bedroom Walk-in Closet: 1

Add'l Property Use

None: 1

Fireplace Features

Insert: 1 Fireplace Living Rm: 1

Flooring

Carpet: 1 Tile: 1

Window Features

Screens: 1 Dual Pane: 1 Low-Emissivity Windows: 1

Community Features

Biking/Walking Path: 1 Children's Playgrnd: 1 Clubhouse/Rec Room: 1 Community Spa: 1 Community Spa Htd: 1 Gated: 1 Lake: 1

Dining Area

Formal: 1 Eat-in Kitchen: 1 Breakfast Bar: 1 Dining in LR/GR: 1

Heating

Natural Gas: 1 ENERGY STAR Qualified Equipment: 1

Kitchen Features

220 Volts in Kitchen: 1 Built-In Electric Oven: 1 Dishwasher: 1 Disposal: 1 Engy Star (See Rmks): 1 Kitchen Island: 1 Built-in Microwave: 1 Non-laminate Counter: 1 Pantry: 1 Refrigerator: 1 Reverse Osmosis: 1 Gas Cooktop: 1 Quartz Countertops: 1

Cooling

Ceiling Fan(s): 1 ENERGY STAR Qualified Equipment: 1 Programmable Thmstat: 1 Central Air: 1

Interior Features

9+ Flat Ceilings: 1 Soft Water Loop: 1 Water Purifier: 1

Laundry

Washer Included: 1 Dryer Included: 1 220 V Dryer Hookup: 1 Inside: 1

Basement

Basement Y/N: N

Other Rooms

Great Room: 1 Loft: 1

Separate Den/Office

Sep Den/Office Y/N: Y

Road Access Type

City Street: 1

Road Surface Type

Paved: 1

Road Responsibility

City Maintained Road: 1

Technology

Pre-Wire Srnd Snd: 1 Cable TV Avail: 1 Ntwrk Wrng One Room: 1 High Speed Internet: 1

Fencing

Back Yard: 1 Block: 1

Water Source

City Water: 1

Exterior Features

Built-in BBQ: 1 Covered Patio(s): 1 Patio: 1 Pvt Yrd(s)/Crtyrd(s): 1

Spa

None: 1

Sewer

Sewer - Public: 1 Sewer-In & Connected: 1

Parking Spaces

Slab Parking Spaces: 2 Total Covered Spaces: 2 Garage Spaces: 2

Parking Features

Attch'd Gar Cabinets: 1 Attached Garage: 1 Direct Access: 1 Garage Door Opener: 1

New Financing

Cash: 1 Conventional: 1 1031 Exchange: 1

Energy/Green Feature

Multi-Zones: 1

Plumbing

Tankless Ht Wtr Heat: 1 Gas Hot Wtr – Tnklss: 1 WaterSense Faucet(s): 1 WaterSense Toilet(s): 1

Utilities

APS: 1 Natural Gas Connected: 1 SW Gas: 1

Existing 1st Loan

Treat as Free&Clear: 1

Property Description

North/South Exposure: 1

Landscaping

Gravel/Stone Front: 1 Gravel/Stone Back: 1 Synthetic Grass Frnt: 1 Synthetic Grass Back: 1 Yrd Wtring Sys Front: 1 Yrd Wtring Sys Back: 1

Services

City Services: 1

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 Prof Managed: 1

Sold Info

Loan Type: Conventional Closing Cost Split: Normal - N Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 8000 Seller Concession $/%: $

Remarks Misc

Cross Street: S Val Vista Dr and E Ocotillo Rd Directions: South on S Val Vista Dr. Right on E Ocotillo Rd. Right on S Stonecreek Blvd. Right on E Rakestraw Ln. Home will be on the right. Geo Lat: 33.252851 Geo Lon: -111.757638

Status Change Info

Off Market Date: 2026-02-24 Under Contract Date: 2026-01-15 Close of Escrow Date: 2026-03-03 Sold Price: $835,000

Property Features

Special Listing Cond: N/A Add'l Property Use: None Architecture: Contemporary Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Private Toilet Room; 2 Master Baths Master Bedroom: Upstairs Additional Bedroom: 2 Master Bedrooms; Other Bedroom Downstairs; Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet Fireplace Features: Insert; Fireplace Living Rm Flooring: Carpet; Tile Window Features: Screens; Dual Pane; Low-Emissivity Windows Spa: None Community Features: Biking/Walking Path; Children's Playgrnd; Clubhouse/Rec Room; Community Spa; Community Spa Htd; Gated; Lake Dining Area: Formal; Eat-in Kitchen; Breakfast Bar; Dining in LR/GR Kitchen Features: Built-In Electric Oven; 220 Volts in Kitchen; Gas Cooktop; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Engy Star (See Rmks); Reverse Osmosis; Pantry; Quartz Countertops; Non-laminate Counter; Kitchen Island Laundry: Washer Included; Dryer Included; 220 V Dryer Hookup; Inside Other Rooms: Great Room; Loft Interior Features: 9+ Flat Ceilings; Soft Water Loop; Water Purifier Technology: Pre-Wire Srnd Snd; Cable TV Avail; High Speed Internet; Ntwrk Wrng One Room Exterior Features: Built-in BBQ; Covered Patio(s); Patio; Pvt Yrd(s)/Crtyrd(s) Parking Features: Attached Garage; Attch'd Gar Cabinets; 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; Stone Roofing: Tile Cooling: Central Air; Ceiling Fan(s); Programmable Thmstat; ENERGY STAR Qualified Equipment Heating: Natural Gas; ENERGY STAR Qualified Equipment Plumbing: Tankless Ht Wtr Heat; Gas Hot Wtr – Tnklss; WaterSense Faucet(s); WaterSense Toilet(s) Utilities: APS; Natural Gas Connected; SW Gas Water Source: City Water Sewer: Sewer - Public; Sewer-In & Connected Services: City Services Fencing: Back Yard; Block Property Description: North/South Exposure Landscaping: Gravel/Stone Front; Gravel/Stone Back; Synthetic Grass Frnt; Synthetic Grass Back; Yrd Wtring Sys Front; Yrd Wtring Sys Back Showing Notification Methods: Text; Email; Phone Call Lockbox Type: Supra; See Private Remarks Possession: Close of Escrow Association Fee Incl: Common Area Maint Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; 1031 Exchange Disclosures: Seller Discl Avail; Agency Discl Req

Listing Office: AZ Flat Fee

Last Updated: March - 03 - 2026