ParkingDir Entry frm Garage, Electric Door Opener, Extnded Lngth Garage, Over Height Garage, Separate Strge Area
Garage3 spaces
Year Built2001
HeatingElectric
CoolingOther, Ceiling Fan(s)
BasementYes
Fireplace1 Fireplace, Family Room, Gas
ViewMountain(s)
Private PoolYes
MLS #6719083
Lot Size0.50 Acres
StatusActive
About 1402 E Coral Cove Dr
Magnificent lakefront 2-story basement estate on rare Peninsular lot w/approx 239' (2 sides) of lakefront nestled on a cul-de-sac lot in the prestigious, gated West Lake Estates Val Vista Lakes water-wonderland Community. Approximately 8,429sf above grade & 3,276sf of beautifully finished basement w/ living quarters, wet bar/kitchenette, 720 btl wine room & gym; a bright upper level attached full Guest Quarters w/sep. entrances; nearly new roof, HVAC & OWNED solar! Thoughtful design w/ superior function, energy efficiency & a flowing floor plan for easy living & entertaining. Timeless architecture, stunning water views & mountain vistas - a lifestyle second to none. Lavish community amenities w/ convenient location to shopping, dining & easy highway access; minutes to airport! SUPPLEMENT: Amenities and updates abound in this luxurious lakefront residence! 1. Full roof replacement in 2022. Five year workmanship warranty to July 2027, transferrable before July 2027. 2. OWNED, Solar installed and activated 5/19/2023. (Solar Specifications by separate documentation) 3. 5 HVAC units controlled by thermostats; approximately 5 years old. Four of the AC units are programmable at the wall panel, which has been sufficiently functional. An update to a Vivint device is required to use with Vivint Home Security. 4. Exterior freshly painted. 5. Gas/Electric and tankless water heaters; all less than approximately 10 years old. Tankless unit is nearly new. 6. Owned Water Softener 7. Reverse Osmosis 8. TWO full Laundry Rooms for ultimate convenience. One on the Upper Level and one on Main Level, both with cabinetry, counter space and sinks. 9. Washers and Dryers in both Laundry Rooms convey. 10. Refrigerators in Kitchen, Guest Quarters and Lower Level Kitchenette convey. 11. Landscape remodeled in 2021. 12. Primary Bedroom wired for electric window coverings. Original home Interior Designer informed Owners that there is wiring for electric blinds in Primary Bedroom. 13. Vivint Home Security: Currently controls door cam, doors, motion detector, and thermostat (only 1 thermostat is controlled by Vivint but more can be added). Other areas can be added, like windows and more motion detectors. Owners can add multiple users with unique codes to arm and disarm. An effective date and an expiration date can be set for the code to be active. All controls can be operated remotely (Door cam has a mic and speaker. We can hear and we can speak. 14. Smart Garage Door Openers. The doors openers have motion detector, webcams, and night vision controlled by buttons on interior wall, keypad on exterior wall, phone app 15. Dumb waiter in kitchen. Original home Interior Designer informed Owners that there are dumb waiter tracks installed behind drywall that go from Kitchen to Primary room closet to Basement Kitchen. 16. StreamLabs Water Monitoring system: Tracks the amount of water flowing into the home. Alerts Owner if water left running. Has auto-shutoff feature for water running for a pre-set amount of volume per minute. Can help budget water bill by tracking water flow in real time. Can reduce water bill by raising awareness of water usage. May reduce home owner insurance premiums. May decrease degree of damage caused if inconspicuous slow leak. Buyer to verify all statements and inspect any items of material interest.
Property Details
Property Features
Property Information:
Architectural Style: Santa Barbara/Tuscan
Year Built: 2001
Stories: 2
Living Area: 11,705 SqFt
Listing Office:
Office Name: Coldwell Banker Realty
Office Phone: (480) 834-9131, (623) 977-1776
Listing Agent: Melinda K Bacon, Kevin Mayer
Interior Features
Interior Information:
Basement: Yes
Flooring Type: Carpet, Stone, Wood
Interior: Upstairs, Breakfast Bar, 9+ Flat Ceilings, Central Vacuum, Drink Wtr Filter Sys, Fire Sprinklers, Wet Bar, Kitchen Island, Bidet, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$17.1K
Per Month
Principal & Interest
$16.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$126
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$10.2K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Val Vista Lakes Elementary School
1030 N Blue Grotto Dr
Distance between this listing and this school0.36 miles
Public District Grades PK-6
8
/10
Patterson Elementary School
1211 E Guadalupe Rd
Distance between this listing and this school0.81 miles
Public District Grades PK-6
6
/10
Sonoma Ranch Elementary School
601 N Key Biscayne Dr
Distance between this listing and this school1.03 miles
Public District Grades PK-6
Nearby Schools
4
/10
Taylor Junior High School
705 S 32nd St
Distance between this listing and this school1.97 miles
Public District Grades 7-8
7
/10
Greenfield Junior High School
101 S Greenfield Rd
Distance between this listing and this school2.20 miles
Public District Grades 7-8
10
/10
Franklin Junior High School
4949 E Southern Ave
Distance between this listing and this school2.31 miles
Public District Grades 7-8
Nearby Schools
8
/10
Great Hearts Academies - Arete Preparatory
4525 E Baseline Rd
Distance between this listing and this school1.35 miles
Public Charter Grades 6-12
10
/10
Gilbert Classical Academy 7-12
55 N Greenfield Rd
Distance between this listing and this school1.47 miles
Public District Grades 7-12
2
/10
Sun Valley High School
1143 S Lindsay Rd
Distance between this listing and this school1.55 miles
The neighbors living near this home have an average income of $200,520. Residents of Gilbert, AZ typically earn $200k+ each year. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1402 E Coral Cove Dr
What is the listing price of this property?
The listing price of 1402 E Coral Cove Dr property is $3,400,000.
What type of property is this?
The property 1402 E Coral Cove Dr is a house located in Gilbert, Arizona, 85234.
Is this property for sale now?
Active Listing: 1402 E Coral Cove Dr is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $13,872 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on May 4, 2004 for $1,425,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 1402 E Coral Cove Dr has 8 bedrooms and 8 bathrooms.
What is the square footage of this property?
The property 1402 E Coral Cove Dr is 11,705 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 1402 E Coral Cove Dr is 2001.
Interested in 1402 E Coral Cove Dr? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1402 E Coral Cove Dr in Gilbert, AZ and zip code 85234 in the West Lake Estates neighborhood. This 11,705 square foot home, which was built in 2001, sits on a 0.50 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since June 14, 2024 and is currently priced at $3,400,000.
Over 28 listings were sold over their listed price in October 2024 in Gilbert, AZ. In the same period over 138 listings were sold below the listed price and 70 listings were sold for the listed price. The inventory of homes for sale in Gilbert, AZ between September 2024 and October 2024 increased by 4.4%. In October 2024 median list price was $585,235 and the average listing age was 57 days.
From Rocket Homes Real Estate and based on county public records data.