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For sale
  • $2,295,000

    129 E WATER TANK Road, 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.
    49 days
    |
    2,505
    |
    95
    |

    Zillow last checked:

    Listing updated:

    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
      • Pantry, Non-laminate Counter, High Speed Internet, Double Vanity, No Interior Steps, Vaulted Ceiling(s), Kitchen Island, Full Bth Master Bdrm
      • Windows: Skylight(s), Double Pane Windows, ENERGY STAR Qualified Windows, Mechanical Sun Shds, Tinted Windows
      • Has basement: No
      • Number of fireplaces: 1
      • 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: Attached, 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
      • Cumulative days on market: 49 days
      • 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

        Monthly payment

        Est. payment
        $12,518/mo
        Principal & interest
        $11734
        Property taxes
        $784
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          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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