by Lee Lin

See Home Value
Gilbert 85233 The Islands
1231 W MEDITERRANEAN Drive
$615,000
● House - Off Market

1231 W MEDITERRANEAN Drive

Gilbert, AZ 85233
bedrooms
4 Beds
bathrooms
3 Baths
square feet
2,377 Ft²
$3,739
Est. Monthly
$532
HOA / Fees
4.27%
Cap Rate

About This Property

Beautifully Remodeled 2-Story Home in the Highly Coveted Lake Community of ''The

Islands.'' Located just minutes from Downtown Gilbert, top-rated schools, and local amenities, this 4-bedroom, 2.5-bath home has been thoughtfully updated throughout. Enjoy beautiful interior paint, stylish wood-look tile flooring, and modern fixtures. The layout includes high

ceilings, formal living and dining areas, a welcoming family room, and a striking custom tile fireplace.The spacious eat-in kitchen features updated white cabinetry, sleek black hardware, quartz countertops, tile backsplash, and stainless steel appliances. Downstairs also includes a convenient powder room-ideal for guests. Upstairs, the expansive primary suite offers a cozy sitting area, large walk-in closet, and a luxurious ensuite with dual vanities, a garden tub, and a separate shower. Step outside to your private backyard oasis, complete with a beautiful covered patio and

a brand-new saltwater pool equipped with heating and cooling controlsperfect for year-round enjoyment. The backyard is the perfect entertaining space ideal for relaxing or hosting guests.

The 2-car garage features built-in cabinetry for added storage.

Don't miss this rare opportunity to own a move-in-ready home in one of Gilbert's most sought-after communitiesthis one will go fast!
Unit Size
2,377 Ft²
Days on Market
41 days
Land Size
0.13 acres
Price per sqft
$263
Property Type
House
Property Taxes
$138
HOA Dues
$532
Year Built
1991

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Last updated: 3 months ago (ARMLS #6870657)

Price History

Date / Event Date Event Price
Jul 9, 2025 Sold
Sold
Jun 13, 2025 In contract -
In contract
May 23, 2025 Listed by Real Broker $625,000
Listed by Real Broker
Dec 16, 2020 Sold
Sold
Nov 18, 2020 No longer available -
No longer available
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Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1991
  • Effective Year Built: 1991
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 6
  • Building Style: 0
  • Exterior Walls Type: 17
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 2
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,467
  • Total Building Area: 2,377
  • Gross Building Area: 2,377
  • Building Area: 2,377
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 2,377
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: ISLANDS PATIO HOMES A AMD LOT 1-94 193-2
  • Land Acres: 0000000126
  • Standard Land Use Code: 1001
  • County Land Use Code: 0131
  • State Land Use Code: 0131
  • Legal Description 1: ISLANDS PATIO HOMES A AMD LOT 1-94 193-233 MCR 292-05

Neighborhood

  • School District Name: Gilbert Unified District
  • Census Tract: 422305

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 29205
  • Parcel: 302-96-517
  • Lot: 195
  • Meridian: SEC 14 TWN 1S RNG 5E
  • Municipality: GILBERT
  • Latitude: 33.3461
  • Longitude: -111.817

    Address

  • Full Address: 1231 W Mediterranean Dr
  • Address - House Number: 1231
  • Street Direction: W
  • Address - Street Name: Mediterranean
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R067
  • 4-Digit Zip Code: 5609
  • Zip Code: 85233

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $181,648
  • Tax Rate Code Area: 410600

    Appraisal Valuation

  • Standard Deviation: 0.1268
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 85
  • Final Value: 543,058
  • High Value: 611,959
  • Low Value: 474,156

    Market Valuation

  • Market Total Value: $367,200
  • Market Land Value: $73,400
  • Market Improvement Value: $293,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,720
  • Assessed Land Value: $7,340
  • Assessed Improvements Value: $29,380

    Sales

  • Current Sale Contract Date: Dec 10, 2020
  • Current Sale Recording Date: Dec 16, 2020
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 20201242105
  • Previous Sale Recording Date: Sep 17, 2020
  • Previous Sale Contract Date: Sep 15, 2020
  • Previous Sale Amount: $300,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About The Islands


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Unit for rent at 240 W Juniper Avenue, Gilbert, AZ, 85233

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240 W Juniper Avenue #1010, Gilbert, AZ, 85233 Listing by Kai Neighbors
Unit for rent at 290 W Windsor Drive, Gilbert, AZ, 85233

$2,999 /mo

  • 4 Beds
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  • 2,104 ft²
290 W Windsor Drive, Gilbert, AZ, 85233 Listing by Martin F. Griffin


Frequently Asked Questions

When was property at 1231 West Mediterranean Drive built and last sold?
The property at 1231 West Mediterranean Drive was built in 1991 and last sold on Dec 10, 2020 for $402,000.
How much is this home worth?
The estimated value of the home located at 1231 West Mediterranean Drive is $0.
What are some comparable homes to 1231 West Mediterranean Drive?
There are currently no comparable homes to 1231 West Mediterranean Drive.