1402 E CORAL COVE Drive, Gilbert, AZ 85234

$3,500,000
Property Type: Residential Bedrooms: 8 Baths: 7.5 Square Footage: 11,705 Lot Size (sq. ft.): 21,597 Status: Active
Current Price: $3,500,000 Last Modified: 4/11/2025

Description

Magnificent lakefront 2-story basement estate on rare Peninsular lot w/nearly 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:

Supplements: 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. Refrigerators in Kitchen, Guest Quarters and Lower Level Kitchenette convey. 10. Landscape remodeled in 2021. 11. Primary Bedroom wired for electric window coverings. Original home Interior Designer informed Owners that there is wiring for electric blinds in Primary Bedroom. 12. Vivint Home Security: Continuous cloud recording and many add-on options. 13. Smart Garage Door Openers. Motion detecting, cloud recording, and night vision controls. 14. 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. 15. StreamLabs Water Monitoring system: Tracks the amount of water flowing into the home. Alerts Owner if water left running. Has auto-shutoff feature. FURNITURE FOR SALE. Seller is willing to negotiate an additional sale of furniture that remains on the property, particularly furniture in the theater room, dining room, basement, and master bedroom. Sales of furniture in all other rooms are considered as well. All furniture are high quality, fine furniture items in very good to like-new condition. Must be handled by separate Bill of Sale. Buyer to verify all statements and inspect any items of material interest.

More Information MLS# 6719083

Contract Information

Status Change Date: 2025-03-21 List Price: $3,500,000 Status: Active Current Price: $3,500,000 List Date: 2024-06-13 Type: Exclusive Right To Sell Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No

Location Tax Legal

House Number: 1402 Compass: E Street Name: CORAL COVE St Suffix: Drive City/Town Code: Gilbert State/Province: AZ Zip Code: 85234 Zip4: 2600 Country: US County Code: Maricopa Assessor Number: 304-96-103 Subdivision: WEST LAKE ESTATES Tax Year: 2023

General Property Description

Dwelling Type: Single Family Residence Dwelling Styles: Detached Exterior Stories: 2 # of Interior Levels: 2 # Bedrooms: 8 # Bathrooms: 7.5 Approx SQFT: 11705 Price/SqFt: 299.02 Horses: N Builder Name: Palmer-Hart Building Year Built: 2001 Approx Lot SqFt: 21597 Approx Lot Acres: 0.496 Pool: Both Private & Community Planned Comm Name: Val Vista Lakes Marketing Name: West Lake Estates Elementary School District: Gilbert Unified District High School District: Gilbert Unified District Elementary School: Val Vista Lakes Elementary School Jr. High School: Greenfield Junior High School High School: Gilbert High School

Remarks Misc

Cross Street: Val Vista & Baseline Directions: South on Val Vista from Baseline, west on Coral Cove through Gated entrance to home Geo Lat: 33.374724 Geo Lon: -111.7588

Legal Info

Township: 1S Range: 6E Section: 5 Lot Number: 10

Association Fees

Association Fee 2: 1677.5

Basement

Basement Y/N: Y

Items Updated

Floor Yr Updated: 2024 Floor Partial/Full: Partial Ht/Cool Yr Updated: 2019 Ht/Cool Partial/Full: Full Roof Yr Updated: 2022 Roof Partial/Full: Full

Parking Spaces

Garage Spaces: 3 Slab Parking Spaces: 4 Total Covered Spaces: 3

Solar Panels

Ownership: Owned Outright Grid: On kW: 21.73

Showing Notification Methods

Showing Service: Aligned Showings

Contact Info

List Agent Home Phn: 520-549-8855

Property Features

Special Listing Cond: N/A Add'l Property Use: None Architecture: Santa Barbara/Tuscan Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Private Toilet Room; Tub with Jets; Bidet Master Bedroom: Upstairs Additional Bedroom: Other Bedroom Split; Other Bedroom Downstairs; Separate Bedroom Exit; Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet; Master Bedroom Sitting Room Fireplace Features: 1 Fireplace; Fireplace Family Rm; Gas Fireplace Flooring: Carpet; Stone; Wood Windows: Dual Pane; Low-Emissivity Windows; Vinyl Frame Pool Features: Private; Heated Spa: Private; Heated Community Features: Biking/Walking Path; Children's Playgrnd; Clubhouse/Rec Room; Comm Tennis Court(s); Community Pool; Community Pool Htd; Community Spa; Community Spa Htd; Gated; Racquetball; Lake; Pickleball; Workout Facility Dining Area: Formal; Breakfast Bar; Dining in LR/GR Kitchen Features: Gas Cooktop; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Wall Oven(s); Multiple Ovens; Walk-in Pantry; Non-laminate Counter; Kitchen Island Laundry: Upstairs Laundry; Other; See Remarks Basement Description: Finished; Full Other Rooms: Family Room; Great Room; Loft; Guest Qtrs-Sep Entrn; Exercise/Sauna Room; Media Room Features: 9+ Flat Ceilings; Central Vacuum; Wet Bar; Fire Sprinkler System; Water Softener Owned; Water Purifier Technology: Cable TV Avail; Security Sys Owned Exterior Features: Balcony; Built-in BBQ; Covered Patio(s); Patio; Private Street(s); Pvt Yrd(s)/Crtyrd(s) Parking Features: Direct Access; Extended Length Garage; Garage Door Opener; Over Height Garage; Separate Strge Area Road Responsibility: Private Maintained Road Construction: Wood Frame Const - Finish: Painted; Stucco Roofing: Tile Cooling: Central Air; Ceiling Fan(s); See Remarks Heating: Electric Plumbing: Recirculation Pump; Tankless Ht Wtr Heat; Electric Hot Wtr Htr Utilities: SRP Water Source: City Water Sewer: Sewer - Public Fencing: Wrought Iron; Block Property Description: Waterfront Lot; Cul-De-Sac Lot; Mountain View(s) Landscaping: Synthetic Grass Frnt; Synthetic Grass Back; Auto Timer H2O Front; Auto Timer H2O Back; Irrigation Front; Irrigation Back Showing Notification Methods: Text; Phone Call Lockbox Type: None Possession: Close of Escrow Association Fee Incl: Common Area Maint; Street Maint Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; Conventional Disclosures: Seller Discl Avail; Agency Discl Req
Listing Office: Coldwell Banker Realty
Last Updated: April - 11 - 2025
1402 E CORAL COVE Drive, Gilbert, AZ 85234- MLS# 6719083
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.