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1438 W CORAL REEF Drive, Gilbert, AZ, 85233

4beds
3baths
2,289sqft
$588,888
$257price/sqft
$3,573/moest. monthly cost
$142,920/yrincome needed

About This Home

PREMIUM FURNISHED !! WATERFRONT W/EXPANSIVE LAKESIDE VIEWS! This Waterfront has One of the best lots; extended & private dock to enjoy breathtaking sunsets, evening boat cruises or morning kayak trips, fishing too, and steps from the community pool! Inside, dramatic soaring ceilings greet you. Kitchen w/updated cabinets, stainless-steel appliances, RO system. Convenient half bath downstairs and under-stair storage. Your oversized main suite features multiple upgrades & Balcony w/ Lake views 2 other upstairs bedrooms have balconies, PLUS loft Acts as a perfect bonus room. ,2 newerHVAC, . Abundant community amenities & events. Bike to Downtown Gilbert. COME LIVE THE SWEET LIFE

Getting Around

32
WalkingCar-Dependent
26
TransitSome Transit
58
BikeBikeable

Schools

9/10
Islands Elementary SchoolGrades PK-60.2 mi
6/10
Mesquite High SchoolGrades 8-120.5 mi
5/10
Mesquite Jr High SchoolGrades 6-81.4 mi

Construction

Condition

  • Year built: 2001

Materials

  • Roof: Tile
  • Construction materials: Stucco,Wood Frame,Painted,Block

Type & Style

  • Home type: Townhouse
  • Property subType: Townhouse

Interior

Appliances

  • Appliances included: Dryer,Washer,Water Softener Owned,Refrigerator,Built-in Microwave,Dishwasher,Disposal,Electric Oven,Electric Cooktop
  • Laundry features: Inside

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Quartz Countertops,High Speed Internet,Double Vanity,Upstairs,Eat-in Kitchen,9+ Flat Ceilings,Kitchen Island,Pantry,Full Bth Master Bdrm,Separate Shwr & Tub
  • Window features: Screens
  • Flooring: Carpet,Tile

Heating & Cooling

  • Heating features: Electric
  • Cooling features: Central Air,Programmable Thmstat

Interior Area

  • Total structure area: 2,289
  • Total interior livable area: 2,289 sqft

Property

Details

  • Parcel number: 30230581
  • Attached to another structure: Yes

Features

  • Stories: 2
  • Patio & porch: Patio
  • Exterior features: Balcony
  • Spa features: None
  • Fencing: None
  • Has view: Yes
  • View description: Lake,Panoramic
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Waterfront

Lot

  • Lot size: 1,673 sqft
  • Features: Waterfront,Gravel/Stone Front,Grass Back,Auto Timer H2O Back

Parking

  • Total spaces: 3
  • Parking features: Garage Door Opener,Over Height Garage,Common
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Uncovered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveVery High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate

How This Home’s Risks Compare

Heat Wave
Hail
Inland Flooding

FEMA Declared Disasters in Maricopa County and Arizona

Fire
Flood
Snowstorm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,977$35,724
Home Insurance $139$1,668
Property Taxes $215$2,580
Electricity $242$2,908
Total$3,573$42,876

Income You'd Need if You Spent...

35% on housing$122,502/yr
40% on housing$107,190/yr
45% on housing$95,280/yr

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 1.2%
1.2%
0%15.0%
Property Taxes Growth Rate2-year average: -2.1%
-2.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$257This listing

vs Other Active Listings

Avg $/sqft

ZIP 85233$246
Maricopa County$272

vs Homes Sold Last Month

Median $/sqft

ZIP 85233$281
Maricopa County$262

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-05Listed for sale$588,888
2025-07-11Listing removed$649,000
2025-07-07Price change$649,000
2025-06-25Price change$639,000
2025-04-18Price change$639,495
2025-03-25Price change$639,890
2024-11-27Price change$639,995
2024-07-17Listed for sale$649,995
2022-02-18Sold$572,000
2022-02-15Pending sale$589,900
2022-02-10Listed for sale$589,900
2022-01-26Contingent$589,900
2022-01-22Listed for sale$589,900
2022-01-13Contingent$589,900
2021-12-30Price change$589,900
2021-12-29Price change$649,900
2021-12-08Listed for sale$635,000
2021-06-25Sold$510,000
2021-06-17Pending sale$500,000
2021-05-18Listing removed$500,000
2021-05-07Listed for sale$500,000
2006-06-20Sold$399,900
2004-02-24Sold$249,900
2002-08-02Sold$241,500
2001-10-19Sold$283,494

For Sale by Agent

AgentGary Colin
BrokerageReal Broker

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