$550,000
Gilbert, AZ 85233
MLS# 7015341
3 beds | 3 baths
1 / 47
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
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
List Price: $550,000
Status: Active
Current Price: $550,000
List Date: 2026-04-17
Location, Tax & Legal
Assessor's Map #: 30
Legal Description (Abbrev): LOT 33 TOWNHOMES ON CORAL REEF MCR 028348
Assessor's Parcel #: 589
Tax Municipality: Gilbert
Taxes: 2221
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 Styles: Attached
# of Interior Levels: 2
Full Bathrooms: 2
Half Bathrooms: 1
Approx SQFT: 2289
Price/SqFt: 240.28
Approx Lot SqFt: 1668
Approx Lot Acres: 0.038
Flood Zone: No
Horses: N
Model: Waterfront
Builder Name: unknown
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
Community Pool Y/N: Yes
Private Pool Y/N: No
Planned Comm Name: The Islands
Fireplace YN: Yes
Fireplaces Total: 2
Marketing Name: Coral Reef
Dwelling Type: Townhouse
Exterior Stories: 2
# Bedrooms: 3
Total Bathrooms: 3
Year Built: 1988
Legal Info
Range: 5E
Section: 14
Township: 1S
Lot Number: 33
Special Listing Cond
N/A: 1
Owner/Agent: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Built-Up: 1
Tile: 1
Association & Fees
HOA Y/N: Y
HOA Disclosure/Addendum Affirmation: Yes
HOA Transfer Fee: 264.75
HOA Fee: 224.21
HOA Paid Frequency: Monthly
HOA Name: Townhomes Coral Reef
HOA Telephone: 602-227-4418
HOA Management Company: AAMG
HOA Management Phone: 623-473-7083
Special Assessment HOA: No
HOA 2 Y/N: Y
HOA 2 Transfer Fee: 155
HOA Paid Frequency 2: Semi-Annually
HOA 2 Name: The Islands Master
HOA 2 Telephone: 480-551-4300
HOA Management Company 2: First Service
Special Assessment HOA 2: No
HOA 3 Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee: 0
Cap Improvement/Impact Fee $/%: $
Cap Improvement/Impact Fee 2: 2254.65
Cap Improvement/Impact Fee 2 $/%: $
Prepaid Association Fees HOA: 448.42
Prepaid Association Fees HOA 2: 0
Disclosure Fees HOA: 400
Disclosure Fees HOA 2: 245
Other Fees HOA: 0
Com Facilities Distr: N
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Rec Center Fee: 0
Rec Center Pd (Freq): Semi-Annually
Rec Center Fee 2 Y/N: N
Ttl Mthly Fee Equiv: 287.99
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Master Bathroom
Full Bth Master Bdrm: 1
Separate Shwr & Tub: 1
Double Vanity: 1
Tub with Jets: 1
Master Bedroom
Split: 1
Upstairs: 1
Additional Bedroom
Other Bedroom Split: 1
Master Bedroom Walk-in Closet: 1
Fireplace Features
Fireplace Living Rm: 1
Fireplace Master Bdr: 1
Flooring
Carpet: 1
Tile: 1
Window Features
Dual Pane: 1
Low-Emissivity Windows: 1
Community Features
Biking/Walking Path: 1
Clubhouse/Rec Room: 1
Lake: 1
Dining Area
Formal: 1
Eat-in Kitchen: 1
Breakfast Bar: 1
Heating
Electric: 1
View
Lake: 1
Kitchen Features
Dishwasher: 1
Disposal: 1
Built-in Microwave: 1
Pantry: 1
Refrigerator: 1
Granite Counters: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Interior Features
Vaulted Ceiling(s): 1
9+ Flat Ceilings: 1
Soft Water Loop: 1
Laundry
Washer Included: 1
Dryer Included: 1
Inside: 1
Upstairs Laundry: 1
Basement
Basement Y/N: N
Other Rooms
Loft: 1
Separate Den/Office
Sep Den/Office Y/N: N
Technology
High Speed Internet: 1
Fencing
None: 1
Water Source
City Water: 1
Community Pool Features
Outdoor: 1
Play Pool: 1
Exterior Features
Balcony: 1
Covered Patio(s): 1
Patio: 1
Spa
None: 1
Sewer
Sewer - Public: 1
Parking Spaces
Slab Parking Spaces: 0
Total Covered Spaces: 2
Garage Spaces: 2
Parking Features
Attached Garage: 1
Direct Access: 1
Garage Door Opener: 1
Unassigned: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
Plumbing
Electric Hot Wtr Htr: 1
Utilities
SRP: 1
Existing 1st Loan
Conventional: 1
Property Description
Waterfront Lot: 1
Cul-De-Sac Lot: 1
Corner Lot: 1
Landscaping
Grass Back: 1
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
Unit Style
Two Levels: 1
Disclosures
Seller Discl Avail: 1
Agency Discl Req: 1
Possession
By Agreement: 1
Close of Escrow: 1
Association Fee Incl
Exterior Mnt of Unit: 1
Blanket Ins Policy: 1
Pest Control: 1
Front Yard Maint: 1
Common Area Maint: 1
Street Maint: 1
Assoc Rules/Info
Pets OK (See Rmrks): 1
Rental OK (See Rmks): 1
Clubhouse: 1
Prof Managed: 1
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
Association Fees
Association Fee 2: 382.68
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
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