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For sale
  • $2,295,000

    129 E Water Tank Rd, Gilbert, AZ 85296

    4beds
    4,405sqft
    : 
    Single Family Residence
    Built in 2022
    1.28 Acres Lot
    $-- Zestimate®
    $521/sqft
    $-- HOA

    What's special

    Cozy gas fireplaceSmall-scale vegetable farmSmart tint windowsCustom lighting and fixturesSolid wood doorsHuge closetAttached patio
    Experience a rare blend of modern luxury, farmhouse charm & Downtown Gilbert lifestyle in this extraordinary custom built home. Built in 2022, this 4,400+ sf modern farmhouse sits on 1.28 acres & offers the best of both worlds- private estate living with walkable/bikeable access to Downtown Gilbert shopping, dining, & entertainment. Designed for elevated everyday living & effortless entertaining, the home showcases a stunning great room with 14+ ft ceilings, expansive windows that flood the space with natural light, solid wood doors, & a cozy gas fireplace. From here, multi-slide stacking doors fully collapse to create a seamless indoor-outdoor connection, opening directly to a one-of-a-kind pond & rock garden designed as the heart of the property. A peaceful walking path wraps around the private pond, framed by natural boulders, mature trees, & lush landscaping--delivering a true resort-style setting and an incredible open-air feel. The chef's kitchen is a showpiece with a massive 12 foot island, two gas ranges (48" & 36") with 12 burners, 3 ovens, a butler's pantry and a huge walk-in refrigerator. The flexible layout includes 3 bedrooms plus a large media/flex room (used as a 4th bedroom option) and 3.5 baths. The primary retreat is exceptional, featuring a spa-like bathroom with oversized shower + enclosed tub, smart tint windows, huge closet, separate vanity/dressing area, and an attached patio. Outside, enjoy a truly unique setting with a small-scale vegetable farm, framed by inviting sitting & entertainment spaces and lots of exterior lighting. The back of the property includes a huge, fenced area perfect for farming, horses, chickens or many other options. Includes a back pad set with power for possible casita, workshop, pool/spa, etc. It's a short walk to the canal, which offers miles of walking/biking access and quick access to downtown Gilbert. There are lots of smart features to this home, 2 tankless water heaters (gas), 3 efficient HVAC units, complete water filtration system, custom lighting & fixtures and so much more. This is luxury mixed with land, character, and convenience--an incredibly rare opportunity in Gilbert.
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    Zillow last checked: 8 hours ago

    Listing updated: 21 hours ago

    Listed by:

    Rob Miele 602-790-7070,

    HomeSmart

    Source: ARMLS,MLS#: 6989595MLS Logo

    Tour with a local agent

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Electric
    Cooling
    • Central Air, Ceiling Fan(s)
    Appliances
    • Included: Refrigerator, Built-in Microwave, Dishwasher, Gas Range, Electric Oven, Water Purifier
    • Laundry: Inside
    Features
    • High Speed Internet, Double Vanity, No Interior Steps, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm
    • Windows: Skylight(s), Double Pane Windows, ENERGY STAR Qualified Windows, Mechanical Sun Shds, Tinted Windows
    • Has basement: No
    • Has fireplace: Yes
    • Fireplace features: Family Room
    Interior area
    • Total structure area: 4,405
    • Total interior livable area: 4,405 sqft

    Property

    Parking
    • Total spaces: 2.5
    • Parking features: Garage Door Opener
    • Attached garage spaces: 2.5
    Features
    • Stories: 1
    • Patio & porch: Covered, Patio
    • Spa features: None
    • Fencing: Other
    Lot
    • Size: 1.28 Acres
    • Features: Sprinklers In Front, Irrigation Front, Irrigation Back
    Details
    • Additional structures: Shed(s)
    • Parcel number: 30425944
    • Horses can be raised: Yes

    Construction

    Type & style
    • Home type: SingleFamily
    • Property subtype: Single Family Residence
    Materials
    • Stucco, Wood Frame
    • Roof: Composition,Foam,Metal
    Condition
    • Year built: 2022
    Details
    • Builder name: AZ Elite

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: City Water
    Green energy
    • Water conservation: Tankless Ht Wtr Heat

    Community & HOA

    HOA
    • Has HOA: No
    • Services included: No Fees
    Location
    • Region: Gilbert

    Financial & listing details

    • Price per square foot: $521/sqft
    • Tax assessed value: $328,200
    • Annual tax amount: $4,267
    • Date on market: 2/25/2026
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    Not available

    Price history

    Price history
    DateEventPrice
    2/26/2026Listed for sale$2,295,000+359%$521/sqft
    Source: ARMLS #6989595 Report a problem
    3/2/2018Sold$500,000+25.3%$114/sqft
    Source: ARMLS #5692420 Report a problem
    1/19/2018Listed for sale$399,000$91/sqft
    Source: West USA Realty #5692420 Report a problem
    1/19/2018Pending sale$399,000$91/sqft
    Source: West USA Realty #5692420 Report a problem
    11/28/2017Listed for sale$399,000+137.1%$91/sqft
    Source: West USA Realty #5692420 Report a problem
    12/11/2009Sold$168,300-17.8%$38/sqft
    Source: ARMLS #4281961 Report a problem
    10/31/2009Price change$204,705+10.7%$46/sqft
    Source: RE/MAX Alliance Group #4281961 Report a problem
    7/18/2009Listed for sale$185,000$42/sqft
    Source: Real Living Property For You #4208824 Report a problem

    Public tax history

    Public tax history
    YearProperty taxesTax assessment
    2022-- --
    2021-- --
    2020-- $32,820 +46.7%
    2019$1,259 $22,370 +10.5%
    2018$1,259 -14%$20,250 +9%
    2017$1,464 +7%$18,580 +3.7%
    2016$1,368 -4.4%$17,920 +5.3%
    2015$1,432 $17,020 +33.9%
    2014-- $12,710 +24.4%
    2013-- $10,220 -11%
    2012-- $11,480 -16.5%
    2011-- $13,750 -18.3%
    2010-- $16,820 -37.8%
    2009-- $27,060 -14.6%
    2008-- $31,700 +6.4%
    2007-- $29,800 +74.8%
    2006-- $17,050
    2005-- $17,050 +23.6%
    2004-- $13,800
    2003-- $13,800 +20%
    2002-- $11,500

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $12,015/mo
    Principal & interest
    $11231
    Property taxes
    $784

      Climate risks

      Neighborhood: 85296

      Getting around

      43 / 100
      Car-Dependent
      30 / 100
      Some Transit
      58 / 100
      Bikeable

      Nearby schools

      GreatSchools rating
      Schools provided by the listing agent
      • Elementary: Gilbert Elementary School
      • Middle: Mesquite Jr High School
      • High: Gilbert High School
      • District: Gilbert Unified District

      Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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