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The Condo Mania Team

MLS: 7015341     $550,000
3 Bedrooms with 3 Baths

MLS: 7015341 Condo For Sale
1421 W CORAL REEF DRIVE
GILBERT AZ 85233

MLS:  7015341
Status:  ACTIVE
List Price:  $550,000
Price per SQFT:  $240
Square Footage:  2289

3 Bedrooms
3 Baths
Year Built:  1988
Zip Code:  85233

 

Listing Remarks

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 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!

Address: 1421 W CORAL REEF DRIVE GILBERT AZ 85233

MLS Logo  ARMLS JASON SERIKAKU of REALTY ONE GROUP

Condo Mania Agent

Featured Real Estate Agent Angela Covey

Angela Covey

Homesmart
Real Estate Agent
Phone: 602-677-9038

Contact Angela Covey

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Listing Photos

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Listing Details

STATUS:Active
PROPERTY TYPE:Residential
PROPERTY SUB TYPE:Townhouse
SPECIAL LISTING CONDITIONS:N/A, Owner/Agent
LISTING CONTRACT DATE:2026-04-17
BEDROOMS:3
LIVING AREA SQ FT:2289
LIVING AREA SOURCE:Assessor
YEAR BUILT:1988
TAXES:$2,221
HOA/MGMT CO:Townhomes Coral Reef
HOA/MGMT PHONE:602-227-4418
HOA FEES FREQUENCY:Monthly
HOA FEES:$224
HOA #2 FEES FREQUENCY:Semi-Annually
HOA #2 FEES:$383
HOA INCLUDES:Insurance, Pest Control, Maintenance Grounds, Street Maint, Front Yard Maint, Maintenance Exterior
COMMUNITY FEATURES:Pool, Lake, Biking/Walking Path
APPLIANCES INCLUDED:Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal
BUILDER NAME:unknown
CONSTRUCTION:Stucco, Wood Frame, Painted
EXTERIOR FEATURES:Balcony
FIREPLACE:Living Room, Master Bedroom
FLOORING:Carpet, Tile
HEATING:Electric
COOLING:Central Air, Ceiling Fan(s)
INTERIOR FEATURES:High Speed Internet, Granite Counters, Double Vanity, Upstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
LAUNDRY FEATURES:Upstairs Laundry, Inside
LOT FEATURES:Waterfront Lot, Corner Lot, Cul-De-Sac, Grass Back
# GARAGE SPACES:2
# CARPORT SPACES:0
PARKING FEATURES:Attached Garage, Unassigned, Garage Door Opener, Direct Access
ROOF:Tile, Built-Up
STORIES TOTAL:2
VIEW:Lake
LEGAL DESCRIPTION:LOT 33 TOWNHOMES ON CORAL REEF MCR 028348
LISTING AGENT:JASON SERIKAKU
LISTING OFFICE:REALTY ONE GROUP
LISTING CONTACT:480-486-6887

Estimated Monthly Payments

List Price:$550,000
20% Down Payment:$110,000
Loan Amount:$440,000
Loan Type:30 Year Fixed
Interest Rate:6.5 %
Monthly Payment:$2,781

Estimate does not include taxes, fees, insurance.

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Property Location: 1421 W CORAL REEF DRIVE GILBERT AZ 85233


Blue Marker: This Listing               Red Marker: Active Listings Nearby

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Condo Mania Agent

Featured Real Estate Agent Mary Ann Kren

Mary Ann Kren

Homesmart
Real Estate Agent
Phone: 480-221-4437

Contact Mary Ann Kren

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Logo ARMLS Logo indicates a property listed by a real estate brokerage other than Homesmart. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Based on inform54. Arizona Regional Multiple Listing Service, Inc. All rights reserved.

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Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.

Last Updated: 2026-04-17 04:35:52