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$4,500,000
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Property Description
Rare Acreage in Gilbert. Nearly 5 acres. Existing home is approximately 2700 sqft. Or build your own dream home in the heart of Gilbert on this irrigated horse property. Looking for an investment property - Many Development Opportunities are available on these 3 parcels currently zoned R43. Adjoining nearly 5 acre parcel may also be available for those seeking larger acreage. Don't miss this rare opportunity to live on or develop roughly 5-10 acres in a highly desired Gilbert location - just 1.5 miles to Loop 202 or 4 miles to US 60.
Full Property Details
Full Property Details for 1187 S Val Vista Dr
General
- Price: $4,500,000
- Taxes: $3,133 (2024)
- Status: Active
- Type: Single Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6962905
- Updated: 1/2/2026
- Added to Site: 13 day(s) ago
Interior
- Interior Features: Eat-in Kitchen, Full Bth Master Bdrm, Laminate Counters
- Fireplace: Yes
- Number of Fireplaces: 1
- Appliances: Electric Cooktop
- Flooring: Carpet, Vinyl
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 2
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Location
- County: Maricopa
- Township: 1S
- Subdivision: N/A
- Cross Streets: Val Vista b/t Warner & Ray
Community
- Assoc. Fees Include: No Fees
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Electric
Utilities
- Water: City Water
Structural Information
- Architectural Style: Ranch,
- Builder: UNK
- Exterior Const.: Painted, Block
- Roof: Composition
- Sq. Ft. Source: Assessor
- Year Built: 1964
Lot Features
- Lot Size (Acres): 4.88
- Lot Size (Sq. Ft.): 212,594
- Lot Size Source: Assessor
- Lot Features: Irrigation Back
Horse Property
- Horse Property: Yes
- Horse Facility Desc.: Arena, Corral(s), Stall
Financial Considerations
- Tax Amount: $3,133.28
- Tax Year: 2024
- Terms: Cash, Conventional, 1031 Exchange, FHA, VA Loan
Disclosures and Reports
- Ownership: Fee Simple
- Legal Description: TH PT S 5 AC OF NW4 LY S & W OF S P CO DAF BEG AT PT ON S LN NW4 240' E OF W4 COR SEC TH E 260'
- Property ID: 304-26-014-H
- Range: 6E
- Section: 21
- Lot Number: 304-26-014H
Listed by Mesa Verde Real Estate
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Schools
Schools serving 1187 S Val Vista Dr
School District:Gilbert Unified District
| Name | Grades | Distance |
|---|---|---|
Finley Farms Elementary School 375 South Columbus Drive, Gilbert, AZ 85296 | PK-6 | 1.3 mi |
Gilbert High School 1101 East Elliot Road, Gilbert, AZ 85234 | 9-12 | 1.5 mi |
Greenfield Junior High School 101 South Greenfield Road, Gilbert, AZ 85296 | 7-8 | 1.7 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1187 S Val Vista Dr
Date
Details
Price
Change
Source
1/02/2026
Listed
$4,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1187 S Val Vista Dr
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,596
4%
$80,264
8%
2024
$2,495
-1%
$74,570
-2%
2023
$2,516
3%
$76,080
18%
2022
$2,440
—
$64,510
28%
2022
$2,440
-5%
$50,560
6%
2021
$2,578
2%
$47,680
8%
2020
$2,538
9%
$44,340
8%
2019
$2,333
3%
$41,180
9%
2018
$2,261
4%
$37,650
9%
2017
$2,182
-3%
$34,580
3%
2016
$2,258
10%
$33,710
—
2015
$2,057
-10%
$33,610
33%
2014
$2,295
20%
$25,280
38%
2013
$1,910
—
$18,350
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1187 S Val Vista Dr
1187 S Val Vista Drive, Gilbert, AZ 85296 (MLS# 6962905) is a Single Family property with 4 bedrooms and 2 full bathrooms. 1187 S Val Vista Drive is currently listed for $4,500,000 and was received on January 02, 2026. Want to learn more about 1187 S Val Vista Drive? Do you have questions about finding other Single Family real estate for sale in Gilbert? You can browse all Gilbert real estate or contact a Coldwell Banker agent to request more information.

