1402 East CORAL COVE Drive Gilbert, AZ 85234

$3,500,000
8
Beds
7.5
Baths
0.50
Acres
11,705
SQFT
299
$/SQFT
$3,500,000
8
Beds
7.5
Baths
11,705   sf
$299 / sf
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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 Softener7.Reverse Osmosis8.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.

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 Softener7.Reverse Osmosis8.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.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Maricopa
  • Area
    Gilbert
  • HOA Dues
    $265/mo
  • Tax Amount
    $13,308
  • Status
    Active
  • Listing #
    6719083
  • Built
    2001
  • Lot Size
    0.50
  • Listed on site
    292 days
  • Listing Agent Phone
    520-549-8855
  • Builder Name
    Palmer-Hart Building

Listed by:
Coldwell Banker Realty

mls source logo Listing provided courtesy of Arizona Regional Multiple Listing Service, Inc. (ARMLS)
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Property details

Community Features

  • Community Pool
  • Has HOA
  • Tennis Community
  • Not Age Restricted

Property Features

  • Green/LEED

Exterior features

  • Has garage
  • Pool

Interior Features

  • Fire Place

Property History

DateDays AgoEventNew Price
Mar 27, 20256 days agoPrice increased100,001 (3%)$3,500,000
Jan 2, 20253 mos agoPrice decreased51 (0%)$3,399,999
Nov 19, 20244 mos agoPrice increased50 (0%)$3,400,050
Jun 14, 202410 mos agoNew on market$3,400,000
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Kathryn Patschke