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1402 E Coral Cove Drive

Gilbert, AZ 85234

8 beds
8 baths
11,705 sqft
~1/2 acre lot
$290 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. Washers and Dryers in both Laundry Rooms convey. 10. Refrigerators in Kitchen, Guest Quarters and Lower Level Kitchenette convey. 11. Landscape remodeled in 2021. 12. Primary Bedroom wired for electric window coverings. Original home Interior Designer informed Owners that there is wiring for electric blinds in Primary Bedroom. 13. Vivint Home Security: Currently controls door cam, doors, motion detector, and thermostat (only 1 thermostat is controlled by Vivint but more can be added). Other areas can be added, like windows and more motion detectors. Owners can add multiple users with unique codes to arm and disarm. An effective date and an expiration date can be set for the code to be active. All controls can be operated remotely (Door cam has a mic and speaker. We can hear and we can speak. 14. Smart Garage Door Openers. The doors openers have motion detector, webcams, and night vision controlled by buttons on interior wall, keypad on exterior wall, phone app 15. 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. 16. StreamLabs Water Monitoring system: Tracks the amount of water flowing into the home. Alerts Owner if water left running. Has auto-shutoff feature for water running for a pre-set amount of volume per minute. Can help budget water bill by tracking water flow in real time. Can reduce water bill by raising awareness of water usage. May reduce home owner insurance premiums. May decrease degree of damage caused if inconspicuous slow leak. Buyer to verify all statements and inspect any items of material interest.

Listing courtesy of ARMLS / Coldwell Banker Realty

Last checked: Checking… • Last updated Nov 19, 2024 •

MLS# 6719083 —

The Building

Year Built:

2001
Builder Name:

Palmer-Hart Building
New Construction:

No
Construction Materials:

Painted, Stucco, Frame - Wood
Architectural Style:

Santa Barbara/Tuscan
Roof:

Tile
Basement:

true
Basement:

Finished, Full
Basement:

Yes
Direction Faces:

None
Exterior Features:

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

Dual Pane, Low-E, Vinyl Frame
Patio And Porch Features:

None
Security Features:

Security System Owned
Solar Panels:

21.73

Interior

Interior Features:

Upstairs, Breakfast Bar, 9+ Flat Ceilings, Central Vacuum, Drink Wtr Filter Sys, Fire Sprinklers, 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
Fireplace:

true
Fireplaces Total:

None
Fireplace Features:

1 Fireplace, Family Room, Gas

Room Dimensions

Living Area:

11705.0
Living Area Source:

Appraiser
Living Area Units:

None

Location

Directions:

South on Val Vista from Baseline, west on Coral Cove through Gated entrance to home
Cross Street:

Val Vista & Baseline

The Property

Property Type:

Residential
Property Subtype:

Single Family - Detached
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:

21597.0
Lot Size Dimensions:

None
Lot Size Units:

Square Feet
Lot Size Source:

Assessor
Parcel Number:

304-96-103
Possible Use:

None
View:

Mountain(s)
Waterfront:

true
Fencing:

Block, Wrought Iron
Horse:

false
Road Responsibility:

Private Maintained Road
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2023
Tax Lot:

10
Tax Map Number:

96.00
Tax Book Number:

304.00
Tax Annual Amount:

13308.0
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:

No
Cooling:

No
Cooling:

See Remarks, Refrigeration, Ceiling Fan(s)

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

Appliances:

None

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:

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

true
Pool Features:

Heated, Private
Spa Private:

true
Spa Heated:

true
Spa Features:

Heated, Private
Pets Allowed:

None
Association:

true
Association Amenities:

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

Maintenance Grounds, Street Maint
Association Fee 2:

1677.5
Association Fee:

126.0
Association Fee Frequency:

Monthly
Association Fee 2 Frequency:

Annually

Parking

Garage:

No
Garage Spaces:

3.0
Covered Spaces:

3.0
Parking Total:

None
Parking Features:

Dir Entry frm Garage, Electric Door Opener, Extnded Lngth Garage, Over Height Garage, Separate Strge Area
Open Parking Spaces:

4.0

Monthly cost estimate

Asking price

$3,400,050

Expense	Monthly cost
Mortgage	$18,206
Taxes	$1,109
Insurance	$935
HOA fees	$126
Utilities	$547 See report
Total	$20,923/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
11/19/24 Nov 19, 2024	Price Changed	ARMLS	$3,400,050	0.0%
6/13/24 Jun 13, 2024	Listed / Active	ARMLS	$3,400,000

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This house located in Val Vista Lakes, Gilbert, AZ 85234 is currently for sale for $3,400,050. 1402 E Coral Cove Drive is a 11,705 square foot house with 8 beds and 8 baths that has been on Estately for 164 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. © 2024 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.