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$1,800,000 Just Listed
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Property Description
Rare opportunity to own a fully remodeled farmhouse on 1.5 acres near Downtown Gilbert. Updated in 2021, this thoughtfully designed home offers nearly 2,700 square feet with 3 bedrooms, 2 bathrooms, and a bright open-concept layout filled with natural light from Andersen windows and doors, complemented by quality wood flooring throughout. The chef's kitchen was designed for both everyday living and entertaining, featuring quartz countertops, extensive cabinetry, a 12-foot island with a secondary sink, 36-inch farmhouse sink, KitchenAid stainless steel appliances including double ovens, oversized refrigerator/freezer, Scotsman nugget ice maker, and a dedicated coffee bar. The spacious primary suite offers a true retreat with dual vanities, soaking tub, oversized rain shower, and a large walk-in closet. Built with efficiency and comfort in mind, the home includes spray foam insulation, dual high-efficiency AC units, tankless water heater, whole-home water purification and softener system, and a 400-amp electrical panel with capacity for both the home and workshop. The backyard is designed for both relaxation and recreation, featuring 5,000 square feet of artificial turf with a 4-hole putting green and a refinished 30,000-gallon diving pool complete with baja step, PebbleTec finish, umbrella sleeves, and a saltwater system. The fully fenced property includes over 30 mature fruit trees, a raised garden, and flood irrigation. A 3,500 square foot workshop offers incredible flexibility with three insulated, air-conditioned rooms ideal for hobbies, storage, or workspace. Additional features include a 2,000-gallon septic system allowing for future expansion and private access to the SRP canal for walking, biking, horseback riding, or fishing. With room for horses, livestock, and endless possibilities, this property offers the perfect blend of modern farmhouse living, privacy, and space... all just minutes from the heart of Gilbert.
Full Property Details
Full Property Details for 165 E Water Tank Rd
General
- Price: $1,800,000
- Taxes: $2,624 (2025)
- Status: Active
- Type: Single Family
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7026428
- Updated: 5/15/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Quartz Countertops, Double Vanity, No Interior Steps, Kitchen Island, Full Bth Master Bdrm
- Appliances: Dryer, Washer, Water Softener Owned, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Gas Range, Electric Oven
- Flooring: Wood
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 3
Other Rooms
- Laundry: Inside
Additional Information
- Pool: Yes
- Pool Description: Diving Pool, Fenced
Exterior
- Exterior Features: Storage, RV Hookup
Parking
- Garage: Yes
- Garage Spaces: 2
- Parking Features: Attached Garage, Detached Garage, RV Access/Parking, RV Gate
Location
- County: Maricopa
- Township: 1S
- Subdivision: Metes and bounds
- Cross Streets: Gilbert and Warner
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
- Architectural Style: Ranch,
- Exterior Const.: Wood Siding, Wood Frame, Painted
- Roof: Composition
- Windows: Dual Pane
- Sq. Ft. Source: Assessor
- Year Built: 1985
Additional Structures
- Other Structures: Workshop, Shed(s)
Lot Features
- Lot Size (Acres): 1.51
- Lot Size (Sq. Ft.): 65,719
- Lot Size Source: Assessor
- Lot Features: North/South Exposure, Cul-De-Sac, Grass Front, Grass Back, Irrigation Front, Irrigation Back
Horse Property
- Horse Property: Yes
Green Features
- Water Conservation: Tankless Ht Wtr Heat
Financial Considerations
- Tax Amount: $2,624
- Tax Year: 2025
- Terms: Cash, Conventional, VA Loan
Disclosures and Reports
- Ownership: Fee Simple
- Legal Description: BEG W4 COR SEC 18 TH S 627.45F TH N 88D 45M E 1416.32F TPOB TH S 506.99F TH N 40D 5M E 449.72F TH N
- Property ID: 304-26-880
- Range: 6E
- Section: 18
Listed by My Home Group Real Estate
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Schools
Schools serving 165 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 | 0.7 mi |
Gilbert High School 1101 East Elliot Road, Gilbert, AZ 85234 | 9-12 | 1.2 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 165 E Water Tank Rd
Date
Details
Price
Change
Source
5/15/2026
Listed
$1,800,000
614.29%
MLS
10/13/2009
Sold
$252,000
—
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 165 E Water Tank Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,624
4%
$86,530
7%
2024
$2,522
-1%
$81,200
-3%
2023
$2,544
3%
$83,660
19%
2022
$2,467
—
$70,470
26%
2022
$2,467
-5%
$55,760
4%
2021
$2,606
11%
$53,360
29%
2019
$2,358
-8%
$41,280
-6%
2020
$2,566
12%
$43,800
16%
2018
$2,286
4%
$37,780
10%
2017
$2,205
-3%
$34,470
4%
2016
$2,282
10%
$33,220
3%
2015
$2,079
-8%
$32,280
34%
2014
$2,262
17%
$24,060
30%
2013
$1,931
—
$18,550
—
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 165 E Water Tank Rd
165 E Water Tank Road, Gilbert, AZ 85296 (MLS# 7026428) is a Single Family property with 3 bedrooms and 2 full bathrooms. 165 E Water Tank Road is currently listed for $1,800,000 and was received on May 15, 2026. Want to learn more about 165 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.

