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$550,000 Just Listed

  • For Sale
  • Active
  • Townhouse
  • 3 Beds
  • 2 Full Baths
  • 0.04 Acres
  • 2 Car Garage
  • Updated 1 day ago

Next open house:

Open House: 11:00 AM - 2:00 PM

Saturday 4/18 11:00 AM - 2:00 PM

1421 W Coral Reef Drive,Gilbert, AZ 85233

1421 W Coral Reef DriveGilbertAZ85233

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Join us at 1421 W Coral Reef Drive on:

  • Open House: 11:00 AM - 2:00 PM

    Sunday 4/19 11:00 AM - 2:00 PM

    1421 W Coral Reef Drive,Gilbert, AZ 85233
    1421 W Coral Reef DriveGilbertAZ85233
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When your backyard is a lake... everyday feels like a vacation! This exceptional Coral Reef townhouse, nestled in Gilbert's highly coveted community, The Islands, offers breathtaking panoramic waterfront views at the tip of the peninsula. If you love kayaking, paddleboarding, boating, or simply watching the sunset reflect over the water, this is your ideal tropical retreat! Simply step out to your private dock and explore over 70 acres of connected waterways. Inside, enjoy iconic, refinished hexagonal southwest Saltillo tile flowing seamlessly from the entry into the kitchen and dining areas. A 2-story atrium lets in natural light, highlighting a spacious layout with a versatile upstairs loft. Two cozy fireplaces anchor this home - one in the main living space and the other in the spacious primary suite which includes a private balcony, walk-in closet, dual sinks, a separate shower, and a soaking tub with a great view of the lake. Recent upgrades include all-new energy-efficient windows, glass doors opening to the patio and balcony, updated LED lighting, new ceiling fans, and a freshly recoated flat roof. Enjoy quick access to the community pool, ample guest parking, welcoming neighbors, and an active events calendar that includes movie nights and concerts in the park. Additional amenities include sports courts, an exercise track, playgrounds, picnic areas, and annual electric light boat parades during the holidays. Just minutes from downtown Gilbert and Chandler with a ton of amazing shopping and dining options nearby. Come visit The Islands today!

Full Property Details for 1421 W Coral Reef Dr

General

  • Price: $550,000
  • HOA FEE: $224/month
  • Taxes: $2,221 (2025)
  • Status: Active
  • Type: Townhouse
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 7015341
  • Updated: 4/17/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: High Speed Internet, Granite Counters, Double Vanity, Upstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Vaulted Ceiling(s), Pantry, Full Bth Master Bdrm, Separate Shwr & Tub, Tub with Jets
  • Fireplace: Yes
  • Number of Fireplaces: 2
  • Fireplace(s): Living Room, Master Bedroom
  • Appliances: Dryer, Washer, Refrigerator, Built-in Microwave, Dishwasher, Disposal
  • Flooring: Carpet, Tile

Rooms

Bathrooms

  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Upstairs Laundry, Inside

Exterior

  • Exterior Features: Balcony

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Attached Garage, Unassigned, Garage Door Opener, Direct Access

Location

  • County: Maricopa
  • Township: 1S
  • Subdivision: TOWNHOMES ON CORAL REEF
  • Cross Streets: McQueen & Elliot

Community

  • Association: Yes
  • Assoc. Name: Townhomes Coral Reef
  • Assoc. Fees Include: Insurance, Pest Control, Maintenance Grounds, Street Maint, Front Yard Maint, Maintenance Exterior

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Electric

Utilities

  • Water: City Water

Structural Information

  • Exterior Const.: Stucco, Wood Frame, Painted
  • Roof: Tile, Built-Up
  • Windows: Low-Emissivity Windows, Dual Pane
  • Sq. Ft. Source: Assessor
  • Year Built: 1988

Manufactured Home

  • Model: Waterfront

Lot Features

  • Property View: Lake
  • Lot Size (Acres): 0.04
  • Lot Size (Sq. Ft.): 1,668
  • Lot Size Source: Assessor
  • Lot Features: Waterfront Lot, Corner Lot, Cul-De-Sac, Grass Back

Water Features

  • Water Front: Yes
  • Water View: Yes

Financial Considerations

  • Association Fee: $224
  • Assoc Fee Freq.: Monthly
  • Other Assoc Fees: $383
  • Tax Amount: $2,221
  • Tax Year: 2025
  • Terms: Cash, Conventional, VA Loan

Disclosures and Reports

  • Ownership: Fee Simple
  • Legal Description: LOT 33 TOWNHOMES ON CORAL REEF MCR 028348
  • Property ID: 302-30-589
  • Range: 5E
  • Section: 14
  • Lot Number: 33

Listed by Realty ONE Group

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— 1421 W Coral Reef Dr —

  • Realty ONE Group

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 1421 W Coral Reef Dr

School District:Gilbert Unified District
NameGradesDistance
Islands Elementary School
245 South McQueen Road, Gilbert, AZ 85233
PK-60.2 mi
Mesquite High School
500 South McQueen Road, Gilbert, AZ 85233
9-120.4 mi
Mesquite Jr High School
130 West Mesquite Street, Gilbert, AZ 85233
7-81.4 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 1421 W Coral Reef Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/17/2026
Listed
$550,000
25.57%
MLS
11/20/2020
Sold
$438,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1421 W Coral Reef Drive, Gilbert, AZ 85233 (MLS# 7015341) is a Townhouse property with 3 bedrooms and 2 full bathrooms. 1421 W Coral Reef Drive is currently listed for $550,000 and was received on April 17, 2026. Want to learn more about 1421 W Coral Reef Drive? Do you have questions about finding other Townhouse 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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