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Gilbert 85233 The Islands
861 W SHELLFISH Drive
Photo of 861 W SHELLFISH Drive
Sold on Feb 26, 2026

30

Map

Photo of 861 W SHELLFISH Drive
Photo of 861 W SHELLFISH Drive
$550,000
● House - Off Market

861 W SHELLFISH Drive

Gilbert, AZ 85233
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,704 Ft²
$3,265
Est. Monthly
$383
HOA / Fees

About This Property

Welcome to your beautifully updated home in The Islands-one of Gilbert's hidden gem lake communities! Located on a quiet street, this pristine 3 bed, 2.5 bath, 3-car garage home offers modern comfort with over $50K in upgrades, including a remodeled primary shower. Enjoy vaulted ceilings in the living room, wood-like flooring, plantation shutters, and a granite ledger stone fireplace. The kitchen features granite countertops, a stylish backsplash, and a stainless steel smart fridge. An adorable remodeled laundry nook includes a smart washer and dryer. The epoxy garage floors add a touch of luxury, and the included kayak is perfect for enjoying the lake lifestyle! French doors open to a backyard with new travertine, turf, and included patio furniture. Move-in ready!
Unit Size
1,704 Ft²
Days on Market
135 days
Land Size
0.13 acres
Price per sqft
$328
Property Type
House
Property Taxes
$137
HOA Dues
$383
Year Built
1993

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

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%.

How much can I actually make?

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.

Last updated: 19 days ago (ARMLS #6932678)

Price History

Date / Event Date Event Price
Feb 26, 2026 Sold
Premium
Sold
Jan 29, 2026 In contract -
In contract
Jan 25, 2026 Price Decreased $559,000
↓ $10K (1.8%)
Price Decreased
Oct 12, 2025 Listed by The Agency $569,000
Listed by The Agency
Jul 27, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 1993
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 0
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 10
  • Building Condition: 6
  • Building Quality: 4
  • 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: 3
  • Patio Type: 38
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,658
  • Total Building Area: 1,704
  • Gross Building Area: 1,704
  • Building Area: 1,704
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 10
  • Heating: 24
  • Heated Square Feet: 1,704
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: MARTINQUE 2 AT THE ISLANDS
  • Land Acres: 0000000130
  • Standard Land Use Code: 1001
  • County Land Use Code: 0141
  • State Land Use Code: 0141
  • Legal Description 1: MARTINQUE 2 AT THE ISLANDS MCR 358-01

Neighborhood

  • School District Name: Chandler Unified District
  • Census Tract: 814200

Zoning

  • Zoning: R-6

Geography

  • Assessors Map Reference: 35801
  • Parcel: 310-03-125
  • Lot: 94
  • Meridian: SEC 23 TWN 1S RNG 5E
  • Municipality: GILBERT
  • Latitude: 33.3319
  • Longitude: -111.809

    Address

  • Full Address: 861 W Shellfish Dr
  • Address - House Number: 861
  • Street Direction: W
  • Address - Street Name: Shellfish
  • Address - Suffix Type: Dr
  • State: AZ
  • City Name: Gilbert
  • Carrier Code: R054
  • 4-Digit Zip Code: 7564
  • Zip Code: 85233

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $160,826
  • Tax Rate Code Area: 800600

    Appraisal Valuation

  • Standard Deviation: 0.1353
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 84
  • Final Value: 526,455
  • High Value: 597,703
  • Low Value: 455,207

    Market Valuation

  • Market Total Value: $368,600
  • Market Land Value: $73,700
  • Market Improvement Value: $294,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $36,860
  • Assessed Land Value: $7,370
  • Assessed Improvements Value: $29,490

    Sales

  • Current Sale Contract Date: Jul 18, 2022
  • Current Sale Recording Date: Jul 27, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 602648
  • Previous Sale Recording Date: Mar 11, 2022
  • Previous Sale Contract Date: Mar 07, 2022
  • Previous Sale Amount: $585,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About The Islands

Stats & Trends

Median Asking:

$587,450

Sale Price/ft²

$292

Below Asking

0.02%

Average Days on Market

96

Average Home Size

2201 ft²

Average Home Age

33.5 years

Currently For Sale

32 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 926 W San Mateo --, Gilbert, AZ, 85233

$5,800 /mo

  • 2 Beds
  • 1 Bath
  • 1,667 ft²
926 W San Mateo --, Gilbert, AZ, 85233 Listing by Judith Crane
Unit for rent at 493 E Erie Street, Chandler, AZ, 85225

$1,495 /mo

  • 2 Beds
  • 1 Bath
  • 700 ft²
493 E Erie Street #B, Chandler, AZ, 85225 Listing by Jennice Doty
Unit for rent at 410 E Kent Avenue, Chandler, AZ, 85225

$2,350 /mo

  • 3 Beds
  • 2 Baths
  • 1,901 ft²
410 E Kent Avenue, Chandler, AZ, 85225 Listing by Jorge L Quijada

Rentals Near You

Click here to view more rentals in the neighborhood.
ARMLS

Listed by: Angela Caspers, The Agency
Last Updated: 19 days ago
Data Source: ARMLS, MLS# 6932678
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]

Frequently Asked Questions

When was property at 861 West Shellfish Drive built and last sold?
The property at 861 West Shellfish Drive was built in 1993 and last sold on Jul 18, 2022 for $564,000.
How much is this home worth?
The estimated value of the home located at 861 West Shellfish Drive is $555,824.
What are some comparable homes to 861 West Shellfish Drive?
There are currently no comparable homes to 861 West Shellfish Drive.
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