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$550,000
New Listing

1421 W CORAL REEF Drive
Gilbert, AZ 85233

For Sale|Townhouse|Active
3
Beds
3
Total Baths
2
Full Baths
1
Partial Bath
2,289
SqFt
$240
/SqFt
1988
Built
Subdivision:
TOWNHOMES ON CORAL REEF
County:
Maricopa

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Upcoming Open Houses
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Sat, Apr 18, 11:00 AM - 2:00 PM
Sun, Apr 19, 11:00 AM - 2:00 PM
1421 W CORAL REEF Drive1421 W CORAL REEF Drive1421 W CORAL REEF Drive1421 W CORAL REEF Drive
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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!

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Listing Snapshot
Price 
$550,000
Days On Site 
0 Days
Bedrooms 
3
Inside Area (SqFt) 
2,289 sqft
Total Baths 
3
Full Baths 
2
Partial Baths 
1
Lot Size 
0.04 Acres
Year Built 
1988
MLS® Number 
7015341
Status 
Active
Property Tax 
$2,221
HOA/Condo/Coop Fees 
$224.21 monthly
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
5 hours agoListing updated with changes from the MLS®
5 hours agoListing first seen on site
General Features
Acres 
0.04
Attached Garage 
Yes
Cross Street 
McQueen & Elliot
Disclosures 
Agency Discl ReqSeller Discl Avail
Garage 
Yes
Garage Spaces 
2
Land Lease 
No
Number Of Stories 
2
Parking 
UnassignedGarage Door OpenerDirect Access
Property Sub Type 
Townhouse
Sewer 
Public Sewer
Water Source 
Public
Interior Features
Appliances 
DryerWasherRefrigeratorDishwasherDisposalMicrowave
Cooling 
Central AirCeiling Fan(s)
Fireplace 
Yes
Fireplace Features 
Living RoomMaster Bedroom
Fireplaces 
2
Flooring 
CarpetTile
Heating 
Electric
Interior 
High Speed InternetGranite CountersDouble VanityEat-in KitchenBreakfast BarVaulted Ceiling(s)PantryHigh Ceilings
Laundry Features 
Inside
Window Features 
Low Emissivity WindowsDouble Pane Windows
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Exterior Features
Construction Details 
StuccoFrame
Exterior 
Balcony
Fencing 
None
Lot Features 
Corner LotCul-De-SacWaterfront
Patio And Porch 
Patio
Roof 
TileBuilt-Up
Spa Features 
None
View 
Lake
Waterfront 
Yes
Waterview 
Lake
Windows/Doors 
Low Emissivity WindowsDouble Pane Windows
Community Features
Accessibility Features 
Therapeutic Whirlpool
Association Dues 
224.21
Community Features 
PoolLakeSidewalks
Financing Terms Available 
CashConventionalVA Loan
HOA Fee Frequency 
Monthly
School District 
Gilbert Unified District
Township 
1S
Schools
School District
Gilbert Unified District
Elementary School
Islands Elementary School
Middle School
Mesquite Jr High School
High School
Mesquite High School
Listing courtesy of Realty ONE Group.



All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2026-04-17 02:44 PM UTC

Neighborhood & Commute
Source: Walkscore
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