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1401 W SANDPIPER Drive
About This Property
1401 W Sandpiper Dr, is a Gilbert cul-de-sac home with lake views. The kitchen features cabinetry and a herringbone accent backsplash, creating a well-equipped space for cooking and entertaining. An open layout with soaring ceilings and expansive windows brings in natural light, and a formal dining room and separate living space add gathering areas. The main-level primary bedroom includes two walk-in closets for convenient storage and organization, along with an oversized primary bathroom. A balcony, a waterside patio, and a pool create an expansive area for relaxation and entertaining. This residence combines
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Listed by Opendoor Brokerage, LLC | $1,200,000 | |
| Listed by Opendoor Brokerage, LLC | |||
| Jun 2, 2026 | Price Decreased |
$1,250,500
↓ $70K
(5.3%) | |
| Price Decreased | |||
| May 13, 2026 | Listed by Venture REI, LLC | $1,320,000 | |
| Listed by Venture REI, LLC | |||
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Experience true waterfront living in this exceptional custom home located in the highly desirable lake community of The Islands. Tucked away on a cul-de-sac surrounded by custom residences, this one-of-a-kind property offers breathtaking lake views, a private pool, and an incredible backyard designed for entertaining. Enjoy lakeside dining from the extended balcony overlooking the water, or spend evenings fishing and relaxing from your private boat dock. Inside, the home features a spacious open layout with soaring 20-foot ceilings and expansive waterfront windows that fill the space with natural light. The modern kitchen is designed for both everyday living and entertaining, offering generous counter space, abundant cabinetry, and a seamless flow into the main living areas. The home also includes a formal dining room and separate formal living space, creating the perfect setup for hosting guests or enjoying quiet evenings at home. The downstairs primary suite is a true retreat, featuring two walk-in closets and an oversized spa-like bathroom with plenty of room to relax and unwind. Upgrades can be found throughout the home, making this a rare opportunity to own a truly unique lakefront property in one of the area's most sought-after neighborhoods. Beyond the home itself, the location is hard to beat. Conveniently located in Gilbert with quick access to major freeways, this property is just minutes from both Downtown Gilbert and Downtown Chandler, giving you easy access to some of the area's best dining, shopping, nightlife, and entertainment options while still enjoying the privacy and tranquility of lakefront living. The Islands community is known for its scenic lakes, walking paths, lush mature landscaping, parks, and unique waterfront lifestyle rarely found in Arizona. Residents enjoy a peaceful atmosphere with opportunities for boating, fishing, kayaking, and evening walks around the water, all while being centrally located near everything the Southeast Valley has to offer.
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| Apr 22, 2022 | Sold | ||
| Sold | |||
| Aug 14, 2020 | Sold | ||
| Sold | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017