1421 W CORAL REEF Drive, Gilbert, AZ 85233 (MLS# 7015341)

$550,000
1421 W CORAL REEF Drive
Gilbert, AZ 85233
MLS# 7015341
3 beds  |  3 baths
1421 W CORAL REEF Drive, Gilbert, AZ 85233
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Open House (04/18/2026 - 11:00 am - 2:00 pm)

Property Description
When your backyard is a lake... everyday feels like a vacation! This exceptional Coral Reef townhouse, nestled in Gilbert's highly coveted community, The Islands, offers breathtaking panoramic waterfront views at the tip of the peninsula. If you love kayaking, paddleboarding, boating, or simply watching the sunset reflect over the water, this is your ideal tropical retreat! Simply step out to your private dock and explore over 70 acres of connected waterways. Inside, enjoy iconic, refinished hexagonal southwest Saltillo tile flowing seamlessly from the entry into the kitchen and dining areas. A 2-story atrium lets in natural light, highlighting a spacious layout with a versatile upstairs loft. Two cozy fireplaces anchor this home - one in the main living space and the other in the

Details
Maps
Contract Information
List Price: $550,000
Status: Active
Current Price: $550,000
List Date: 2026-04-17
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 1421
Compass: W
Street Name: CORAL REEF
St Suffix: Drive
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85233
Zip4: 6107
County Code: Maricopa
Assessor Number: 302-30-589
Subdivision: TOWNHOMES ON CORAL REEF
Tax Year: 2025
General Property Description
Dwelling Type: Townhouse
Dwelling Styles: Attached
Exterior Stories: 2
# of Interior Levels: 2
# Bedrooms: 3
Full Bathrooms: 2
Half Bathrooms: 1
Total Bathrooms: 3
Approx SQFT: 2289
Price/SqFt: 240.28
Horses: N
Model: Waterfront
Builder Name: unknown
Year Built: 1988
Approx Lot SqFt: 1668
Approx Lot Acres: 0.038
Flood Zone: No
Community Pool Y/N: Yes
Private Pool Y/N: No
Fireplace YN: Yes
Fireplaces Total: 2
Planned Comm Name: The Islands
Marketing Name: Coral Reef
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District
Elementary School: Islands Elementary School
Jr. High School: Mesquite Jr High School
High School: Mesquite High School
Remarks Misc
Cross Street: McQueen & Elliot
Directions: East on Elliot, right on Islands Dr., left at fountain, right on Coral Reef.
Geo Lat: 33.3448
Geo Lon: -111.819597
Legal Info
Township: 1S
Range: 5E
Section: 14
Lot Number: 33
Association Fees
Association Fee 2: 382.68
Basement
Basement Y/N: N
Items Updated
Floor Yr Updated: 2020
Floor Partial/Full: Partial
Ht/Cool Yr Updated: 2019
Ht/Cool Partial/Full: Full
Roof Yr Updated: 2025
Roof Partial/Full: Partial
Parking Spaces
Garage Spaces: 2
Total Covered Spaces: 2
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A; Owner/Agent
View: Lake
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Tub with Jets
Master Bedroom: Split; Upstairs
Additional Bedroom: Other Bedroom Split; Master Bedroom Walk-in Closet
Fireplace Features: Fireplace Living Rm; Fireplace Master Bdr
Flooring: Carpet; Tile
Window Features: Dual Pane; Low-Emissivity Windows
Community Pool Features: Outdoor; Play Pool
Spa: None
Community Features: Biking/Walking Path; Clubhouse/Rec Room; Lake
Dining Area: Formal; Eat-in Kitchen; Breakfast Bar
Kitchen Features: Disposal; Dishwasher; Built-in Microwave; Refrigerator; Pantry; Granite Counters
Laundry: Washer Included; Dryer Included; Inside; Upstairs Laundry
Other Rooms: Loft
Interior Features: Vaulted Ceiling(s); 9+ Flat Ceilings; Soft Water Loop
Technology: High Speed Internet
Exterior Features: Balcony; Covered Patio(s); Patio
Parking Features: Attached Garage; Direct Access; Garage Door Opener; Unassigned
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Built-Up; Tile
Cooling: Central Air; Ceiling Fan(s)
Heating: Electric
Plumbing: Electric Hot Wtr Htr
Utilities: SRP
Water Source: City Water
Sewer: Sewer - Public
Fencing: None
Property Description: Waterfront Lot; Cul-De-Sac Lot; Corner Lot
Landscaping: Grass Back
Lockbox Type: Supra
Possession: By Agreement; Close of Escrow
Unit Style: Two Levels
Association Fee Incl: Exterior Mnt of Unit; Blanket Ins Policy; Pest Control; Front Yard Maint; Common Area Maint; Street Maint
Existing 1st Loan: Conventional
New Financing: Cash; VA; Conventional
Disclosures: Seller Discl Avail; Agency Discl Req
Supplements
spacious primary suite which includes a private balcony, walk-in closet, dual sinks, a separate shower, and a soaking tub with a great view of the lake. Recent upgrades include all-new energy-efficient windows, glass doors opening to the patio and balcony, updated LED lighting, new ceiling fans, and a freshly recoated flat roof. Enjoy quick access to the community pool, ample guest parking, welcoming neighbors, and an active events calendar that includes movie nights and concerts in the park. Additional amenities include sports courts, an exercise track, playgrounds, picnic areas, and annual electric light boat parades during the holidays. Just minutes from downtown Gilbert and Chandler with a ton of amazing shopping and dining options nearby. Come visit The Islands today!

Listing Office: Realty ONE Group

Last Updated: April - 17 - 2026

1421 W CORAL REEF Drive, Gilbert, AZ 85233 - MLS# 7015341

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