$3,399,999

1402 E Coral Cove Dr Gilbert, AZ 85234

8 beds
8 baths
11,705 sqft
0.5 acres
$290 / sqft
House

Property details

About 1402 E Coral Cove Dr

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.

Highlights

Home typeSingle Family Residence
HeatingElectric
StatusAccepting Backup Offers
CoolingCeiling Fan(s), Other
Size11,705 sqft
BasementYes
Lot size0.5 Acres
Year built2001
ParkingDir Entry frm Garage, Electric Door Opener, Extnded Lngth Garage, Over Height Garage, Separate Strge Area
MLS #6719083
Garage3 spaces
Fireplace1 Fireplace, Family Room, Gas
ViewMountain(s)
Private poolYes

Virtual tour

Summary

  • MLS Number: 6719083
  • MLS Name: Arizona Regional Multiple Listing Service 2
  • Office Name: Coldwell Banker Realty
  • Office Email: jim.bowman@azmoves.com
  • Listing Agent: Melinda K Bacon, Kevin Mayer

IDX The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Arizona Regional Multiple Listing Service, Inc. Indicates a property listed by a real estate brokerage other than Rocket Homes Real Estate, LLC. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. IDX information 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. Arizona Regional Multiple Listing Service, Inc. do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. Information deemed reliable but not guaranteed. Copyright© 2025 Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/15/2025, 12:55:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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aerial view at dusk with a water view

$3,399,999

1402 E Coral Cove Dr

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Price information

Property sales

DateEventPrice
May 04, 2004
Home Sold
$1,425,000
Aug 27, 1999
Home Sold
$190,000
Jun 11, 1998
Home Sold
$173,500
Feb 10, 1995
Home Sold
$148,000
Nov 10, 1993
Home Sold
$137,000

Tax history

YearAssessmentProperty Tax
2024$206,320$13,307
2023$177,220$12,925
2022$136,680$13,871
2020$134,230$14,323
2019$136,570$15,241
2017$144,480$14,933

History based on county public records data.

Nearby schools

7

Val Vista Lakes Elementary School

Public District PK-6

0.4 mi

1030 N Blue Grotto Dr

8

Patterson Elementary School

Public District PK-6

0.8 mi

1211 E Guadalupe Rd

6

Sonoma Ranch Elementary School

Public District PK-6

1.0 mi

601 N Key Biscayne Dr

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $200,520. Typical income of Gilbert, AZ residents is $200k+ annually. Typical family type is married, no kids. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

9%
<35k
9%
35k-100k
30%
100k-200k
52%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

11%
Single, No Kids
8%
Single, with Kids
43%
Married, No Kids
38%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

15%
<11 yrs old
15%
12-17 yrs old
12%
18-34 yrs old
48%
35-64 yrs old
10%
65+ yrs old

What do the neighbors do for fun?

  • Symphony or OperaSymphony or Opera
  • TennisTennis
  • PGA/LPGAPGA/LPGA

Where do the neighbors shop?

  • Chico'sChico's
  • Brooks BrothersBrooks Brothers
  • The Container StoreThe Container Store

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • QdobaQdoba
  • Bonefish GrillBonefish Grill

What do the neighbors drive?

  • VolvoVolvo
  • AcuraAcura
  • CadillacCadillac

What do the neighbors listen to?

  • Talk/PersonalityTalk/Personality
  • SportsSports
  • ClassicalClassical
All data provided by Home Junction and Claritas

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Frequently asked questions

About 1402 E Coral Cove Dr

This home is located at 1402 E Coral Cove Dr in Gilbert, AZ and zip code 85234 in the West Lake Estates neighborhood. This 11,705 square foot home, which was built in 2001, sits on a 0.50 acre lot. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since June 14, 2024 and is currently priced at $3,399,999.

While more than 24 listings in Gilbert, AZ in February 2025 were sold above asking price, there were more than 53 listings sold at asking price, and more than 132 were sold below. Between January and February 2025, Gilbert, AZ real estate market has seen increase in the number of listings by 9.9%. In February 2025, listings were on the market for 68 days. During the same period, the median list price in this real estate market was $584,591.

From Rocket Homes Real Estate and based on county public records data.

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