4 months on rocket

1402 E Coral Cove Dr, Gilbert, AZ, 85234

$3,400,000

8 Bedrooms
8 Baths
11,705 SqFt
$290/SqFt
House

Location

Image provided by Mapbox

Property Highlights

Home TypeSingle Family Residence
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
  • Fireplace: 1 Fireplace, Family Room, Gas

Bedroom and Bathroom Information:

  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • View: Mountain(s)
  • Exterior: Balcony, Covered Patio(s), Patio, Private Street(s), Private Yard, Built-in Barbecue

Parking Information:

  • Garage Space: 3 spaces
  • Parking: Dir Entry frm Garage, Electric Door Opener, Extnded Lngth Garage, Over Height Garage, Separate Strge Area

Virtual/3D Tour

  • 3D Tour: 1402 E Coral Cove Dr
3D Tour

Lot Features

Lot Information:

  • Lot: Cul-De-Sac
  • Lot Size: 0.50 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Other, Ceiling Fan(s)

Other

Directions Information:

  • Directions: South on Val Vista from Baseline, west on Coral Cove through Gated entrance to home

Price Information

Listing Price Info

Price Summary:

  • List Price: $3,400,000
  • Price Per SqFt: $290/SqFt

HOA Fees:

  • Amount: $126
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $13,872
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Gilbert, AZ.

Med. Sold Price

$585.2K

Med. Price/SqFt

$288

Avg. Days On Market

57

# of Sold Homes

236

1402 E Coral Cove Dr vs Gilbert

147 DAYS ON ROCKET

+90 Days

$3,400,000

+$2.8M More

$290/SqFt

+$2 More

KEY TAKEAWAY

This property is $2.8M more than the Median Sold Price and $2/SqFt more than other homes in Gilbert, AZ.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Arizona Regional Multiple Listing Service 2
  • MLS Number: #6719083

Listing Office:

  • Office Name: Coldwell Banker Realty
  • Office Phone: (480) 834-9131, (623) 977-1776
  • Listing Agent: Melinda K Bacon, Kevin Mayer

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2024 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/7/2024, 11:55:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 04, 2004Home Sold
$1,425,000
Aug 27, 1999Home Sold
$190,000
Jun 11, 1998Home Sold
$173,500
Feb 10, 1995Home Sold
$148,000
Nov 10, 1993Home Sold
$137,000

Tax History

YEARPROP. TAXASSESSMENT
2021$13,872$134,660
2020$14,323$134,230
2019$15,241$136,570
2017$14,934$144,480

History based on county public records data.

Payment Calculator

$17.1K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$10.2K

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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.

Nearby Schools

school-card-donut-333333
7
/10
  • Val Vista Lakes Elementary School

  • 1030 N Blue Grotto Dr

  • 0.36 miles

  • Public District Grades PK-6

school-card-donut-333334
8
/10
  • Patterson Elementary School

  • 1211 E Guadalupe Rd

  • 0.81 miles

  • Public District Grades PK-6

school-card-donut-333335
6
/10
  • Sonoma Ranch Elementary School

  • 601 N Key Biscayne Dr

  • 1.03 miles

  • Public District Grades PK-6

Neighborhood

What Are The Neighbors Like?

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.
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Rocket Homes›Arizona›Maricopa County›Gilbert›85234›1402 E Coral Cove Dr

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.

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