Melinda Eslinger

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Listing provided courtesy of Limitless Real Estate- MLS# 7010987MLS Provider

1318 E TREASURE COVE DriveGilbert, AZ 85234

Single Family · 6 Beds · 4 Full Baths · 1 Half Bath · 5,731 Sq. ft. | 0.33 Acres
$1,885,000 Active

1318 E TREASURE COVE Drive Overview

Time on Site:
75 days
Visits:
1

Waterfront BASEMENT home in West Lake Estates. This is a combination almost impossible to find in Gilbert. 5,731 sqft, 6 bed, 4.5 bath, private dock and direct lake access. The lot is exceptional, the floor plan is rare, and the lifestyle is real. Bring your vision. Main level: soaring ceilings, open great room, granite kitchen, double-door den (or 6th bed), and a primary suite with lake views, fireplace, and spa ensuite. The backyard delivers: negative-edge pool & spa, built-in BBQ, sunken fireplace, outdoor shower, and a private dock for kayaking or paddleboarding at sunrise. Basement: fully finished with a complete second kitchen, 2 bedrooms, full bath, fireplace, and its own private entrance, purpose-built for multi-generational living, guests, or serious rental potential. A built-in dumbwaiter connects both levels. Val Vista Lakes amenities include a clubhouse, sandy beach lagoon, tennis, pickleball, fitness center, heated Olympic pool, and waterfront trails. One of the most coveted communities in the East Valley and this is one of its rarest homes. Investor, remodeler, or lifestyle buyer the bones, the lot, and the lake are all here. This is the ONE!

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1318 E TREASURE COVE Drive Facts & Features

  • Type Single Family
  • Sq. ft. 5,731
  • Price/Sq.ft. $329
  • Lot 0.33 Acres

Details

General

Association/HOA

  • Association Fee: $169.15
  • Association Fee 2: 158.11
  • Association Fee 2 Frequency: Monthly
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Maintenance Grounds,Street Maint
  • Association Name: WestLake Estates GUD
  • Association Name 2: ValVistaLakes HOAMCO
  • Association: true

School Information

  • School District: Gilbert Unified District
  • Elementary School: Val Vista Lakes Elementary School
  • Middle Or Junior School: Greenfield Elementary School
  • High School: Gilbert High School

Green Features

  • Green Energy Efficient: Multi-Zones

Building Information

  • Builder Name: UNKNOWN
  • New Construction: false
  • Year Built: 1996

Location/Region

  • Country: US
  • County Or Parish: Maricopa
  • Postal City: Gilbert
  • Subdivision Name: WEST LAKE ESTATES 2 LOT 41-66 T A-C P-1A
  • Township: 1S

Community/Development

  • Community Features: Racquetball,Pickleball,Lake,Gated,Community Spa Htd,Tennis Court(s),Playground,Biking/Walking Path

Rent/Lease Information

  • Land Lease: false

Tax Information

  • Tax Annual Amount: $9,633.00
  • Tax Year: 2025

General Information

  • Disclosures: Agency Discl Req,Seller Discl Avail
  • Listing Terms: Cash,Conventional,FHA,VA Loan
  • Ownership: Fee Simple
  • Parcel Number: 304-96-738
  • Possible Use: None
  • Property Condition: Complete Spec Home
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Special Listing Conditions: N/A

Interior

Parking Information

  • Garage Spaces: 4.0

Beds/Baths

  • Bathrooms Full: 4
  • Bathrooms Half: 1
  • Bathrooms Total: 5
  • Bedrooms Total: 6
  • Bedrooms Possible: 8

Building Interior

  • Building Area Source: Assessor

General Information

  • Basement: Walk-Up Access,Interior Entry,Exterior Entry,Walk-Out Access,Finished,Full
  • Fireplace Features: Other,Family Room,Master Bedroom,Gas
  • Fireplace: true
  • Fireplaces Total: 3
  • Flooring: Carpet,Tile
  • Interior Features: Walk-in Pantry,Quartz Countertops,High Speed Internet,Double Vanity,Eat-in Kitchen,Kitchen Island,Pantry,Bidet,Full Bth Master Bdrm,Separate Shwr \u0026 Tub,Tub with Jets
  • Laundry Features: Inside
  • Living Area: 5731.0
  • Living Area Source: Assessor
  • Rooms Total: 0
  • Security Features: Security System Owned
  • Spa Features: Heated,Private
  • Stories Total: 2
  • Window Features: Skylight(s),Solar Screens

Exterior

Parking Information

  • Parking Features: Garage Door Opener,Direct Access,Attch'd Gar Cabinets

Lot Information

  • Lot Features: North/South Exposure,Waterfront Lot,Sprinklers In Front,Grass Front,Auto Timer H2O Front
  • Lot Size Acres: 0.33
  • Lot Size Area: 14244.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 14244.0
  • Lot Size Units: Square Feet
  • Road Responsibility: City Maintained Road
  • Road Surface Type: Asphalt
  • Water Source: City Water

Waterfront/View

  • View: Lake
  • Waterfront: true

Building Exterior/Construction

  • Attached Garage: false
  • Construction Materials: Stucco,Wood Frame,Painted,Block
  • Property Attached: false
  • Roof: Tile

General Information

  • Covered Spaces: 4.0
  • Exterior Features: Private Street(s),Storage,Built-in Barbecue
  • Fencing: Block
  • Horse: false
  • Pool Features: Outdoor,Play Pool
  • Pool Private: true
  • Sewer: Public Sewer

1318 E TREASURE COVE Drive Neighborhood

Community

85234 (GILBERT) Demographics

35
Median Age
4,129
Population Density (per sq. mile)
53%
College Educated
$91,010
Estimated Median Income
11,148
Estimated Total Home Owners
4,639
Estimated Total Renters
71% / 29%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1318 E TREASURE COVE Drive Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1318 E TREASURE COVE Drive Market Data

Based on the last 30 days in this zip code

$725,242
Average List Price
$316
Average Price per Square Foot
46
Properties Sold
67
Average Days on Market
164
Properties for Sale
Calculations provided by Reliance Network

1318 E TREASURE COVE Drive History

Date Event Value Agent
5/13/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$1,885,000 -10.2%
4/27/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Price Reduction
$2,100,000 -8.7%
4/15/2026Source: ARMLS - Greater Phoenix Area, Casa Grande, and Sierra Vista Area Added to Database
April 15, 2026