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$2,295,000 Just Listed
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Property Description
Experience a rare blend of modern luxury, farmhouse charm & Downtown Gilbert lifestyle in this extraordinary custom built home. Built in 2022, this 4,400+ sf modern farmhouse sits on 1.28 acres & offers the best of both worlds- private estate living with walkable/bikeable access to Downtown Gilbert shopping, dining, & entertainment. Designed for elevated everyday living & effortless entertaining, the home showcases a stunning great room with 14+ ft ceilings, expansive windows that flood the space with natural light, solid wood doors, & a cozy gas fireplace. From here, multi-slide stacking doors fully collapse to create a seamless indoor-outdoor connection, opening directly to a one-of-a-kind pond & rock garden designed as the heart of the property. A peaceful walking path wraps around the private pond, framed by natural boulders, mature trees, & lush landscaping--delivering a true resort-style setting and an incredible open-air feel. The chef's kitchen is a showpiece with a massive 12 foot island, two gas ranges (48" & 36") with 12 burners, 3 ovens, a butler's pantry and a huge walk-in refrigerator. The flexible layout includes 3 bedrooms plus a large media/flex room (used as a 4th bedroom option) and 3.5 baths. The primary retreat is exceptional, featuring a spa-like bathroom with oversized shower + enclosed tub, smart tint windows, huge closet, separate vanity/dressing area, and an attached patio. Outside, enjoy a truly unique setting with a small-scale vegetable farm, framed by inviting sitting & entertainment spaces and lots of exterior lighting. The back of the property includes a huge, fenced area perfect for farming, horses, chickens or many other options. Includes a back pad set with power for possible casita, workshop, pool/spa, etc. It's a short walk to the canal, which offers miles of walking/biking access and quick access to downtown Gilbert. There are lots of smart features to this home, 2 tankless water heaters (gas), 3 efficient HVAC units, complete water filtration system, custom lighting & fixtures and so much more. This is luxury mixed with land, character, and convenience--an incredibly rare opportunity in Gilbert.
Full Property Details
Full Property Details for 129 E Water Tank Rd
General
- Price: $2,295,000
- Taxes: $4,267 (2025)
- Status: Active
- Type: Single Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 6989595
- Updated: 2/26/2026
- Added to Site: 3 day(s) ago
Interior
- Interior Features: Walk-in Pantry, Non-laminate Counter, High Speed Internet, Double Vanity, No Interior Steps, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Family Room
- Appliances: Refrigerator, Built-in Microwave, Dishwasher, Gas Range, Electric Oven, Water Purifier
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Other Rooms
- Laundry: Inside
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Attached Garage, Garage Door Opener
Location
- County: Maricopa
- Township: 1S
- Subdivision: NA
- Cross Streets: Gilbert and Elliott
Community
- Assoc. Fees Include: No Fees
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s)
- Heating Type: Electric
Utilities
- Water: City Water
Structural Information
- Builder: AZ Elite
- Exterior Const.: Stucco, Wood Frame
- Roof: Composition, Foam, Metal
- Windows: Skylight(s), Dual Pane, ENERGY STAR Qualified Windows, Mechanical Sun Shds, Tinted Windows
- Sq. Ft. Source: Architect
- Year Built: 2022
Additional Structures
- Other Structures: Shed(s)
Lot Features
- Lot Size (Acres): 1.28
- Lot Size (Sq. Ft.): 55,874
- Lot Size Source: Assessor
- Lot Features: Sprinklers In Front, Irrigation Front, Irrigation Back
Horse Property
- Horse Property: Yes
Green Features
- Water Conservation: Tankless Ht Wtr Heat
Financial Considerations
- Tax Amount: $4,267
- Tax Year: 2025
- Terms: Cash, Conventional
Disclosures and Reports
- Ownership: Fee Simple
- Legal Description: TH PT SW4 SEC 18 DAF COM SW COR SEC TH N 2016.56F TH N 88D 45M E 897.93F TPOB TH N 88D 45M E 110F TH
- Property ID: 304-25-944
- Range: 6E
- Section: 18
- Lot Number: -
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Schools
Schools serving 129 E Water Tank Rd
School District:Gilbert Unified District
| Name | Grades | Distance |
|---|---|---|
Gilbert Elementary School 175 West Elliot Road, Gilbert, AZ 85233 | PK-6 | 0.7 mi |
Mesquite Jr High School 130 West Mesquite Street, Gilbert, AZ 85233 | 7-8 | 0.6 mi |
Gilbert High School 1101 East Elliot Road, Gilbert, AZ 85234 | 9-12 | 1.3 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 129 E Water Tank Rd
Date
Details
Price
Change
Source
2/25/2026
Listed
$2,295,000
359%
MLS
2/15/2018
Sold
$500,000
—
Public Record
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 129 E Water Tank Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,267
4%
$103,870
6%
2024
$4,087
78%
$97,680
-8%
2023
$2,296
3%
$106,350
113%
2022
$2,227
—
$49,950
25%
2022
$2,227
-5%
$40,020
6%
2021
$2,353
2%
$37,810
9%
2020
$2,317
—
$34,770
—
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 129 E Water Tank Rd
129 E Water Tank Road, Gilbert, AZ 85296 (MLS# 6989595) is a Single Family property with 4 bedrooms and 3 full bathrooms. 129 E Water Tank Road is currently listed for $2,295,000 and was received on February 25, 2026. Want to learn more about 129 E Water Tank Road? 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.

