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Sold for $1,050,000
  • $1,050,000

    159 E WATER TANK Road, Gilbert, AZ 85296

    2beds
    2,280sqft
    Single Family Residence
    Built in 2024
    0.99 Acres Lot
    $1,052,200 Zestimate®
    $461/sqft
    $2,940 Estimated rent

    Home value

    $1,052,200

    $968,000 - $1.15M

    $2,940/mo

    Zestimate® history
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    What's special

    Climate-controlled garageInsulated garage doorsEpoxy garage flooringIrrigation rightsSeamless open-concept layoutFully air-conditioned garageExpansive primary suite
    Completed in 2024, this exceptional modern luxury farmhouse offers a rare combination of contemporary design, nearly one acre of usable land, and outstanding expansion potential. More than simply a residence, this is an expandable estate property designed to evolve with its owner's vision. Zoning allows for future additions and accessory structures, creating endless possibilities for additional living space, guest accommodations, workshops, recreational amenities, or multigenerational living. The newly constructed home encompasses approximately 2,300 square feet of thoughtfully designed living space, featuring striking board-and-batten architecture, dramatic 25-foot ceilings, expansive covered patios, and a seamless open-concept layout that balances luxury, comfort, and functionality. The stylish chef's kitchen features quartz countertops, abundant cabinetry, two large sinks, and a spacious walk-in pantry/coffee bar, combining sophisticated design with practical convenience. The expansive primary suite offers a peaceful retreat with a generous walk-in closet and a beautifully designed spa-like bathroom featuring an extra-large clawfoot soaking tub and rain shower head. Convenient access through the laundry room leads to the fully air-conditioned garage. A spacious secondary bedroom provides an ideal guest suite or flexible living space. Built with quality, efficiency, and modern living in mind, the home includes two high-efficiency AC units, a tankless water heater, water softener, spray foam insulation throughout, insulated garage doors, epoxy garage flooring, and a substantial electrical panel with additional capacity for future expansion. The climate-controlled garage features a 10' garage door to accommodate larger vehicles and is also equipped with EV charging capability. Bring your RV as there is a hookup and drain conveniently located on the far side of the garage. The grounds are beautifully enhanced with irrigation rights and mature landscaping, including a variety of fruit trees such as lemon, pear, orange, pomegranate, mulberry, plum, and guava, along with vibrant roses and a Silver Laurel. With ample land and space for horses, cows, chickens, and other livestock, the property offers the rare opportunity to enjoy a luxury farmhouse lifestyle with room to create your own mini ranch or hobby farm while still enjoying the comfort of a newly built home, with additional space and flexibility to expand or add on if desired. Enjoy a short walk to the canal with miles of walking and biking paths, and THE CONVENIENCE OF BEING WALKABLE TO THE GILBERT HERITAGE DISTRICT AND DOWNTOWN GILBERT offering some of the area's most popular restaurants, shops, and entertainment while still enjoying privacy and open space. Blending timeless farmhouse charm with modern luxury, thoughtful amenities, and room to roam, this newly completed property offers a truly unique living experience.

    Zillow last checked:

    Listing updated:

    Listed by:

    Stephanie Troy 602-793-6518,

    SERHANT.

    Bought with:

    Alexander Olson, SA666592000

    Compass

    Source: ARMLS,MLS#: 6999436MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Dryer, Washer, Water Softener Owned, Reverse Osmosis, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Gas Range
    • Laundry: Inside, Gas Dryer Hookup
    Features
    • Quartz Countertops, High Speed Internet, Eat-in Kitchen, No Interior Steps, Vaulted Ceiling(s), Kitchen Island, Pantry, Bidet, Full Bth Master Bdrm, Separate Shwr & Tub
    • Flooring: Laminate, Tile
    • Windows: Screens, Double Pane Windows
    • Has basement: No
    • Has fireplace: No
    Interior area
    • Total structure area: 2,280
    • Total interior livable area: 2,280 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Attached, RV Access/Parking, Temp Controlled
    • Attached garage spaces: 2
    • Uncovered spaces: 2
    Features
    • Stories: 1
    • Patio & porch: Covered
    • Exterior features: Rain Gutters, RV Hookup
    • Spa features: None
    • Fencing: Block,Wood
    Lot
    • Size: 0.99 Acres
    • Features: North/South Exposure, Irrigation Back
    Details
    • Parcel number: 30423020E
    • Horses can be raised: Yes

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Contemporary,Ranch
    • Property subtype: Single Family Residence
    Materials
    • Wood Siding, Wood Frame, Painted
    • Roof: Tile,Metal
    Condition
    • Year built: 2024

    Utilities & green energy

    • Sewer: Septic Tank
    • Water: City Water

    Community & HOA

    Community
    • Subdivision: Metes and bounds
    HOA
    • Has HOA: No
    • Services included: No Fees
    Location
    • Region: Gilbert

    Financial & listing details

    • Price per square foot: $461/sqft
    • Tax assessed value: $812,100
    • Annual tax amount: $4,055
    • Date on market: 3/16/2026
    • Cumulative days on market: 144 days
    • Listing terms: Cash,Conventional
    • Ownership: Fee Simple

    Price history

    DateEventPrice
    8/6/2026Sold$1,050,000-2.3%$461/sqft
    Source: ARMLS #6999436 Report a problem
    7/16/2026Contingent$1,075,000$471/sqft
    Source: ARMLS #6999436 Report a problem
    7/1/2026Price change$1,075,000-10.3%$471/sqft
    Source: ARMLS #6999436 Report a problem
    5/27/2026Price change$1,199,000-7.8%$526/sqft
    Source: ARMLS #6999436 Report a problem
    3/17/2026Listed for sale$1,300,000+326.2%$570/sqft
    Source: ARMLS #6999436 Report a problem
    11/16/2016Sold$305,000+22%$134/sqft
    Source: Public Record Report a problem
    11/23/2004Sold$250,000+100%$110/sqft
    Source: ARMLS #2200402 Report a problem
    2/2/1996Sold$125,000+12400%$55/sqft
    Source: Public Record Report a problem
    1/30/1995Sold$1,000
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,033 +237%$81,210 +89.5%
    2024$1,197 -0.9%$42,860 +183.5%
    2023$1,207 +2.5%$15,119 -44.7%
    2022$1,178 -3.9%$27,320 +7.6%
    2021$1,226 +8.8%$25,380 +10.8%
    2020$1,126 +3.2%$22,900 +12.9%
    2019$1,092 $20,280 +11.7%
    2018$1,092 +3.6%$18,160 +7.6%
    2017$1,053 -11.2%$16,880 +3.2%
    2016$1,186 -4.3%$16,360 +4.3%
    2015$1,240 $15,680 +42.8%
    2014-- $10,980 +23.9%
    2013-- $8,860 -12.5%
    2012-- $10,130 -18.5%
    2011-- $12,430 -22.1%
    2010-- $15,950 -39.6%
    2009-- $26,400 -15.8%
    2008-- $31,350 +7.5%
    2007-- $29,150 +74%
    2006-- $16,750
    2005-- $16,750 +24.5%
    2004-- $13,450
    2003-- $13,450 +14.5%
    2002-- $11,750
    Find assessor info on the county website

    Neighborhood: 85296

    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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    Estimated market value
    $1,052,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,052,200