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1402 E Coral Cove Drive

Gilbert, AZ 85234

8 beds
8 baths
11,705 sqft
~1/2 acre lot
$299 per sqft
2001 build
– on site

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: 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.

Listing courtesy of ARMLS / Coldwell Banker Realty

Last checked: Checking… • Last updated Mar 27, 2025 •

MLS# 6719083 —

The Building

Year Built:

2001
New Construction:

No
Construction Materials:

Synthetic Stucco, Wood Frame, Painted, Stucco
Architectural Style:

Santa Barbara/Tuscan
Builder Name:

Palmer Hart Building
Roof:

Tile
Stories Total:

2
Basement:

true
Basement:

Finished, Full
Basement:

Yes
Exterior Features:

Balcony, Private Street(s), Private Yard, Built-in Barbecue
Window Features:

Low-Emissivity Windows, Dual Pane, Vinyl Frame
Security Features:

Fire Sprinkler System, Security System Owned
Direction Faces:

None
Solar Panels:

21.73
Patio And Porch Features:

Covered Patio(s), Patio

Interior

Interior Features:

Upstairs, Breakfast Bar, 9+ Flat Ceilings, Central Vacuum, Wet Bar, Kitchen Island, Bidet, Double Vanity, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
Furnished:

None
Flooring:

Carpet, Stone, Wood
Wood Flooring:

true
Fireplaces Total:

None
Fireplace:

true
Fireplace Features:

1 Fireplace, Family Room, Gas
Laundry Features:

Other, See Remarks

Room Dimensions

Living Area:

11705.0
Living Area Units:

None
Living Area Source:

Appraiser

Financial & Terms

Possession:

Close Of Escrow

Location

Latitude:

33.374724
Longitude:

-111.7588
Cross Street:

Val Vista & Baseline

The Property

Property Type:

Residential
Property Subtype:

Single Family Residence
Possible Use:

None
Parcel Number:

304-96-103
Lot Features:

Waterfront Lot, Cul-De-Sac, Synthetic Grass Frnt, Synthetic Grass Back, Auto Timer H2O Front, Auto Timer H2O Back, Irrigation Front, Irrigation Back
Lot Size Area:

21597.0
Lot Size Acres:

0.5
Lot Size SqFt:

21,597 Sqft
Lot Size Dimensions:

None
Lot Size Units:

Square Feet
Lot Size Source:

Assessor
Land Lease:

false
Road Responsibility:

Private Maintained Road
View:

Mountain(s)
Waterfront:

true
Fencing:

Block, Wrought Iron
Horse:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Annual Amount:

13308.0
Tax Lot:

10
Tax Map Number:

96.00
Tax Book Number:

304.00
Tax Legal Description:

LOT 10 WEST LAKE ESTATES MCR 028712

Beds

Bedrooms Total:

8

Baths

Total Baths:

7.5
Total Baths:

8
Full Baths:

None
Half Baths:

None
Partial Baths:

None
Three Quarter Baths:

None
Quarter Baths:

None
Bidet:

true

The Listing

Virtual Tour URL Branded:

None
Virtual Tour URL Unbranded:

https://my.matterport.com/show/?m=gZg4SAvXw6b&

Heating & Cooling

Heating:

Electric
Heating:

true
Cooling:

Central Air, Ceiling Fan(s), See Remarks
Cooling:

true
Central Air:

true

Utilities

Sewer:

Public Sewer
Water Source:

City Water
Green Energy Efficient:

Solar Panels, Multi-Zones
Green Water Conservation:

Tankless Ht Wtr Heat, Recirculation Pump

Appliances

Water Purifier:

true
Appliances:

Water Purifier

Schools

Elementary School:

Val Vista Lakes Elementary School
Elementary School District:

Gilbert Unified District
Middle Or Junior School:

Greenfield Junior High School
High School:

Gilbert High School
High School District:

Gilbert Unified District

The Community

Subdivision Name:

WEST LAKE ESTATES
Senior Community:

No
Community Features:

Pickleball, Lake, Gated, Community Spa, Community Spa Htd, Community Pool Htd, Community Pool, Tennis Court(s), Racquetball, Playground, Biking/Walking Path, Clubhouse, Fitness Center
Association:

true
Association Amenities:

FHA Approved Prjct, Management, Rental OK (See Rmks)
Association Fee:

$126
Association Fee 2:

$1,677.50
Association Fee Frequency:

Monthly
Association Fee 2 Frequency:

Annually
Association Fee Includes:

Maintenance Grounds, Street Maint
Pool Private:

true
Pool Features:

Heated, Private
Spa Private:

true
Spa Heated:

true
Spa Features:

Heated, Private
Pets Allowed:

None
Gated Community:

true
Community Spa:

true

Parking

Parking Total:

None
Garage:

No
Garage Spaces:

3.0
Covered Spaces:

3.0
Parking Features:

Garage Door Opener, Extended Length Garage, Direct Access, Over Height Garage, Separate Strge Area
Open Parking Spaces:

4.0
Garage Door Opener:

true

Monthly cost estimate

Asking price

$3,500,000

Expense	Monthly cost
Mortgage	$18,741
Taxes	$1,109
Insurance	$962
HOA fees	$126
Utilities	$547 See report
Total	$21,485/mo.^*
	^*This is an estimate

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Air Pollution Index

Provided by ClearlyEnergy

Sale history

Date	Event	Source	Price	% Change
3/27/25 Mar 27, 2025	Price Changed	ARMLS	$3,500,000	2.9%
3/21/25 Mar 21, 2025	Listed / Active	ARMLS	$3,399,999
3/3/25 Mar 3, 2025	Sold Subject To Contingencies	ARMLS	$3,399,999

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This house located in Val Vista Lakes, Gilbert, AZ 85234 is currently for sale for $3,500,000. 1402 E Coral Cove Drive is a 11,705 square foot house with 8 beds and 8 baths that has been on Estately for 296 days. 1402 E Coral Cove Drive is in the Val Vista Lakes neighborhood of Gilbert and has a WalkScore® of 53, making it somewhat walkable.

Listing Courtesy of: ARMLS and Coldwell Banker Realty.

This ARMLS logo indicates a property listed by a real estate brokerage other than Estately, Inc. © 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

The information included in this listing 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. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. Estately assumes no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This property listing is offered without respect to any protected classes in accordance with the law.