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Contingent
  • Price cut: $124K (7/1)
    $1,075,000

    159 E WATER TANK Road, Gilbert, AZ 85296

    2beds
    2,280sqft
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    Single Family Residence
    Built in 2024
    0.99 Acres Lot
    $-- Zestimate®
    $471/sqft
    $-- HOA

    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.
    127 days
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    1,182
    |
    53
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Stephanie Troy 602-793-6518,

    SERHANT.

    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: $471/sqft
      • Tax assessed value: $812,100
      • Annual tax amount: $4,055
      • Date on market: 3/16/2026
      • Cumulative days on market: 127 days
      • Listing terms: Cash,Conventional
      • Ownership: Fee Simple

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        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

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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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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