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1402 E CORAL COVE Drive, Gilbert, AZ 85234 (MLS# 6719083)

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1402 E CORAL COVE Drive, Gilbert, AZ 85234

$3,400,000
Property Type: Residential Bedrooms: 8 Baths: 7.5 Square Footage: 11,319 Lot Size (sq. ft.): 21,597 Status: Active
Current Price: $3,400,000 Last Modified: 7/04/2024

Description

Magnificent lakefront 2-story Tuscan mansion on rare Peninsular lot w/approx 239' (2 sides) of lakefront nestled on a cul-de-sac lot in the prestigious, gated West Lake Estates Val Vista Lakes water-wonderland Community. 8,600 sq ft above grade & 3,200sf of beautifully finished basement w/ living quarters, wet bar/kitchenette, 720 btl wine room & gym; a bright upper level attached full Guest Quarters w/sep. entrances; nearly new roof, HVAC & OWNED solar! Thoughtful design w/ superior function, energy efficiency & a flowing floor plan for easy living & entertaining. Timeless architecture, stunning water views & mountain vistas - a lifestyle second to none. Lavish community amenities w/ convenient location to shopping, dining & easy highway access - mere minutes to airport! (SEE SUPPL!)

Supplements: Amenities and updates abound in this luxurious lakefront residence! 1. Full roof replacement in 2022. Five year workmanship warranty to July 2027, transferrable before July 2027. 2. OWNED, Solar installed and activated 5/19/2023. (Solar Specifications by separate documentation) 3. 5 HVAC units controlled by thermostats; approximately 5 years old. Four of the AC units are programmable at the wall panel, which has been sufficiently functional. An update to a Vivint device is required to use with Vivint Home Security. 4. Exterior freshly painted. 5. Gas/Electric and tankless water heaters; all less than approximately 10 years old. Tankless unit is nearly new. 6. Owned Water Softener 7. Reverse Osmosis 8. TWO full Laundry Rooms for ultimate convenience. One on the Upper Level and one on Main Level, both with cabinetry, counter space and sinks. 9. Washers and Dryers in both Laundry Rooms convey. 10. Refrigerators in Kitchen, Guest Quarters and Lower Level Kitchenette convey. 11. Landscape remodeled in 2021. 12. Primary Bedroom wired for electric window coverings. Original home Interior Designer informed Owners that there is wiring for electric blinds in Primary Bedroom. 13. Vivint Home Security: Currently controls door cam, doors, motion detector, and thermostat (only 1 thermostat is controlled by Vivint but more can be added). Other areas can be added, like windows and more motion detectors. Owners can add multiple users with unique codes to arm and disarm. An effective date and an expiration date can be set for the code to be active. All controls can be operated remotely (Door cam has a mic and speaker. We can hear and we can speak. 14. Smart Garage Door Openers. The doors openers have motion detector, webcams, and night vision controlled by buttons on interior wall, keypad on exterior wall, phone app 15. Dumb waiter in kitchen. Original home Interior Designer informed Owners that there are dumb waiter tracks installed behind drywall that go from Kitchen to Primary room closet to Basement Kitchen. 16. StreamLabs Water Monitoring system: Tracks the amount of water flowing into the home. Alerts Owner if water left running. Has auto-shutoff feature for water running for a pre-set amount of volume per minute. Can help budget water bill by tracking water flow in real time. Can reduce water bill by raising awareness of water usage. May reduce home owner insurance premiums. May decrease degree of damage caused if inconspicuous slow leak. Buyer to verify all statements and inspect any items of material interest.

More Information MLS# 6719083

Contract Information

Status Change Date: 2024-06-13 List Price: $3,400,000 Status: Active Current Price: $3,400,000 List Date: 2024-06-13 Type: ER Ownership: Fee Simple Co-Ownership (Fractional) Agreement YN: No Subagents: N Buyer/Broker: Y Buyer Broker $/%: % Comp to Buyer Broker: 2.5 Variable Commission: N

Location, Tax & Legal

House Number: 1402 Compass: E Street Name: CORAL COVE St Suffix: Drive City/Town Code: Gilbert State/Province: AZ Zip Code: 85234 Zip4: 2600 Country: USA County Code: Maricopa Assessor's Map #: 96 Assessor's Parcel #: 103 Assessor Number: 304-96-103 Legal Description (Abbrev): LOT 10 WEST LAKE ESTATES MCR 028712 Subdivision: WEST LAKE ESTATES Tax Municipality: Gilbert Taxes: 13308 Tax Year: 2023

General Property Description

Dwelling Type: Single Family - Detached Dwelling Styles: Detached Exterior Stories: 2 # of Interior Levels: 2 # Bedrooms: 8 # Bathrooms: 7.5 Approx SQFT: 11319 Price/SqFt: 300.38 Horses: N Builder Name: Palmer-Hart Building Year Built: 2001 Approx Lot SqFt: 21597 Approx Lot Acres: 0.496 Pool: Both Private & Community Planned Comm Name: Val Vista Lakes Marketing Name: West Lake Estates Elementary School: Val Vista Lakes Elementary School Jr. High School: Greenfield Junior High School High School: Gilbert High School Elementary School District: Gilbert Unified District High School District: Gilbert Unified District

Remarks & Misc

Cross Street: Val Vista & Baseline Directions: South on Val Vista from Baseline, west on Coral Cove through Gated entrance to home Geo Lat: 33.374724 Geo Lon: -111.7588

Legal Info

Township: 1S Range: 6E Section: 5 Lot Number: 10

Association & Fees

HOA Y/N: Y HOA Disclosure/Addendum Affirmation: No HOA Transfer Fee: 155 HOA Fee: 126 HOA Paid Frequency: Monthly HOA Name: Val Vista Lakes HOA Telephone: 480-926-9693 HOA Management Company: First Service Res HOA Management Phone: 480-552-4300 Special Assessment HOA: No HOA 2 Y/N: Y HOA 2 Transfer Fee: 100 Association Fee 2: 1677.5 Association Fee 2 Frequency: Annually HOA 2 Name: West Lake Estates HOA 2 Telephone: 480-635-1133 HOA Management Company 2: GUD Property Mgt HOA Management Phone 2: 480-635-1133 Special Assessment HOA 2: No HOA 3 Y/N: N PAD Fee Y/N: N Cap Improvement/Impact Fee $/%: $ Cap Improvement/Impact Fee 2: 1000 Cap Improvement/Impact Fee 2 $/%: $ Disclosure Fees HOA: 245 Disclosure Fees HOA 2: 300 Land Lease Fee Y/N: N Rec Center Fee Y/N: N Rec Center Fee 2 Y/N: N Ttl Mthly Fee Equiv: 265.79

Basement

Basement Y/N: Y

Separate Den/Office

Sep Den/Office Y/N: Y

Items Updated

Floor Yr Updated: 2024 Floor Partial/Full: Partial Ht/Cool Yr Updated: 2019 Ht/Cool Partial/Full: Full Roof Yr Updated: 2022 Roof Partial/Full: Full

Parking Spaces

Garage Spaces: 3 Slab Parking Spaces: 4 Total Covered Spaces: 3

Solar Panels

Ownership: Owned Outright Grid: On kW: 21.73

Showing Notification Methods

Showing Service: Aligned Showings

Contact Info

List Agent Home Phn: 520-549-8855

Property Features

Special Listing Cond: N/A Add'l Property Use: None Architecture: Santa Barbara/Tuscan Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Sinks; Private Toilet Room; Tub with Jets; Bidet Master Bedroom: Upstairs Additional Bedroom: Other Bedroom Split; Other Bedroom Downstairs; Separate Bedroom Exit; Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet; Master Bedroom Sitting Room Fireplace: 1 Fireplace; Fireplace Family Rm; Gas Fireplace Flooring: Carpet; Stone; Wood Windows: Dual Pane; Low-E; Vinyl Frame Pool Features: Private; Heated Spa: Private; Heated Community Features: Biking/Walking Path; Children's Playgrnd; Clubhouse/Rec Room; Comm Tennis Court(s); Community Pool; Community Pool Htd; Community Spa; Community Spa Htd; Gated Community; Handball/Racquetball; Lake Subdivision; Pickleball Court(s); Workout Facility Dining Area: Formal; Breakfast Bar; Dining in LR/GR Kitchen Features: Cook Top Gas; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Wall Oven(s); Multiple Ovens; Walk-in Pantry; Non-laminate Counter; Kitchen Island Laundry: Washer Included; Dryer Included; Upstairs Laundry; Other; See Remarks Basement Description: Finished; Full Other Rooms: Family Room; Great Room; Loft; Guest Qtrs-Sep Entrn; Exercise/Sauna Room; Media Room Features: 9+ Flat Ceilings; Central Vacuum; Wet Bar; Fire Sprinklers; Water Softener Owned; Drink Wtr Filter Sys Technology: Cable TV Avail; Security Sys Owned Exterior Features: Balcony; Built-in BBQ; Covered Patio(s); Patio; Private Street(s); Pvt Yrd(s)/Crtyrd(s) Parking Features: Dir Entry frm Garage; Electric Door Opener; Extnded Lngth Garage; Over Height Garage; Separate Strge Area Road Responsibility: Private Maintained Road Construction: Frame - Wood Const - Finish: Painted; Stucco Roofing: Tile Cooling: Refrigeration; Ceiling Fan(s); See Remarks Heating: Electric Plumbing: Recirculation Pump; Tankless Ht Wtr Heat; Electric Hot Wtr Htr Energy/Green Feature: Solar Panels; Multi-Zones Utilities: SRP Water: City Water Sewer: Sewer - Public Fencing: Wrought Iron; Block Property Description: Waterfront Lot; Cul-De-Sac Lot; Mountain View(s) Landscaping: Synthetic Grass Frnt; Synthetic Grass Back; Auto Timer H2O Front; Auto Timer H2O Back; Irrigation Front; Irrigation Back Showing Notification Methods: Text; Phone Call Lockbox Type: None Possession: Close of Escrow Association Fee Incl: Common Area Maint; Street Maint Assoc Rules/Info: Pets OK (See Rmrks); No Visible Truck Trailer RV Boat; Rental OK (See Rmks); Clubhouse/Rec Center; FHA Approved Prjct; Prof Managed Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; Conventional Disclosures: Seller Discl Avail; Agency Discl Req
Listing Office: Coldwell Banker Realty
Last Updated: July - 04 - 2024
1402 E CORAL COVE Drive, Gilbert, AZ 85234- MLS# 6719083
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