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$1,885,000

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 4 Full Baths
  • 0.33 Acres
  • 4 Car Garage
  • Updated 8 days ago
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Waterfront BASEMENT home in West Lake Estates. This is a combination almost impossible to find in Gilbert. 5,731 sqft, 6 bed, 4.5 bath, private dock and direct lake access. The lot is exceptional, the floor plan is rare, and the lifestyle is real. Bring your vision. Main level: soaring ceilings, open great room, granite kitchen, double-door den (or 6th bed), and a primary suite with lake views, fireplace, and spa ensuite. The backyard delivers: negative-edge pool & spa, built-in BBQ, sunken fireplace, outdoor shower, and a private dock for kayaking or paddleboarding at sunrise. Basement: fully finished with a complete second kitchen, 2 bedrooms, full bath, fireplace, and its own private entrance, purpose-built for multi-generational living, guests, or serious rental potential. A built-in dumbwaiter connects both levels. Val Vista Lakes amenities include a clubhouse, sandy beach lagoon, tennis, pickleball, fitness center, heated Olympic pool, and waterfront trails. One of the most coveted communities in the East Valley and this is one of its rarest homes. Investor, remodeler, or lifestyle buyer the bones, the lot, and the lake are all here. This is the ONE!

Full Property Details for 1318 E Treasure Cove Dr

General

  • Price: $1,885,000
  • HOA FEE: $169/month
  • Taxes: $9,633 (2025)
  • Status: Active
  • Type: Single Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7010987
  • Updated: 5/23/2026
  • Added to Site: 47 day(s) ago

Interior

  • Interior Features: Walk-in Pantry, Quartz Countertops, High Speed Internet, Double Vanity, Eat-in Kitchen, Kitchen Island, Pantry, Bidet, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Fireplace: Yes
  • Number of Fireplaces: 3
  • Fireplace(s): Other, Family Room, Master Bedroom, Gas
  • Appliances: Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Range, Electric Cooktop, Built-In Electric Oven
  • Flooring: Carpet, Tile

Rooms

Bathrooms

  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Inside

Additional Information

  • Pool: Yes
  • Pool Description: Outdoor, Play Pool
  • Security/Safety: Security System Owned

Exterior

  • Exterior Features: Private Street(s), Storage, Built-in Barbecue

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Parking Features: Garage Door Opener, Direct Access, Attch'd Gar Cabinets

Location

  • County: Maricopa
  • Township: 1S
  • Subdivision: WEST LAKE ESTATES 2 LOT 41-66 T A-C P-1A
  • Cross Streets: Val Vista & Baseline

Community

  • Association: Yes
  • Assoc. Name: WestLake Estates GUD
  • Assoc. Fees Include: Maintenance Grounds, Street Maint

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s), Programmable Thermostat
  • Heating Type: Natural Gas

Utilities

  • Water: City Water

Structural Information

  • Exterior Const.: Stucco, Wood Frame, Painted, Block
  • Roof: Tile
  • Windows: Skylight(s), Solar Screens
  • Sq. Ft. Source: Assessor
  • Year Built: 1996
  • Property Condition: Complete Spec Home

Lot Features

  • Property View: Lake
  • Lot Size (Acres): 0.33
  • Lot Size (Sq. Ft.): 14,244
  • Lot Size Source: Assessor
  • Frontage: Asphalt
  • Lot Features: North/South Exposure, Waterfront Lot, Sprinklers In Front, Grass Front, Auto Timer H2O Front

Water Features

  • Water Front: Yes
  • Water View: Yes

Green Features

  • Energy Efficient: Multi-Zones

Financial Considerations

  • Association Fee: $169
  • Assoc Fee Freq.: Monthly
  • Other Assoc Fees: $158
  • Tax Amount: $9,633
  • Tax Year: 2025
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Ownership: Fee Simple
  • Legal Description: LOT 49 WEST LAKE ESTATES 2 LOT 41-66 T A-C P-1A MCR 030408
  • Property ID: 304-96-738
  • Range: 6E
  • Section: 5
  • Lot Number: 49

Listed by The Ave Collective

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Listing agents

— 1318 E Treasure Cove Dr —

  • The Ave Collective

  • The Ave Collective

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1318 E Treasure Cove Dr

School District:Gilbert Unified District
NameGradesDistance
Val Vista Lakes Elementary School
1030 North Blue Grotto Drive, Gilbert, AZ 85234
PK-60.2 mi
Gilbert High School
1101 East Elliot Road, Gilbert, AZ 85234
9-121.9 mi
Greenfield Junior High School
101 South Greenfield Road, Gilbert, AZ 85296
7-82.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1318 E Treasure Cove Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/13/2026
Price Reduced
$1,885,000
-10.24%
MLS
4/27/2026
Price Reduced
$2,100,000
-8.7%
MLS
4/15/2026
Listed
$2,299,999
187.5%
MLS
8/01/2000
Sold
$800,000
—
Public Record
Get Price Alerts and Save Property
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 for 1318 E Treasure Cove Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,633
4%
$142,250
5%
2024
$9,256
-1%
$135,050
-9%
2023
$9,307
3%
$148,800
17%
2022
$9,035
—
$127,010
30%
2022
$9,035
-5%
$97,360
3%
2021
$9,557
-2%
$94,510
1%
2020
$9,778
4%
$93,350
1%
2019
$9,401
-2%
$92,220
-2%
2018
$9,570
4%
$94,410
3%
2017
$9,237
-3%
$91,800
1%
2016
$9,486
10%
$90,500
-2%
2015
$8,597
—
$92,800
23%
2014
$8,637
10%
$75,560
9%
2013
$7,877
—
$69,560
—
View All
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 for 1318 E Treasure Cove Dr

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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NMLS#: 1598647

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Listed by The Ave Collective

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1318 E Treasure Cove Drive, Gilbert, AZ 85234 (MLS# 7010987) is a Single Family property with 6 bedrooms and 4 full bathrooms. 1318 E Treasure Cove Drive is currently listed for $1,885,000 and was received on April 15, 2026. Want to learn more about 1318 E Treasure Cove 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.

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