1318 E TREASURE COVE Drive, Gilbert, AZ 85234 (MLS# 7010987)


$1,885,000
1318 E TREASURE COVE Drive
Gilbert, AZ 85234
MLS# 7010987
6 beds  |  5 baths


1318 E TREASURE COVE Drive, Gilbert, AZ 85234
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Open House (05/30/2026 - 11:00 am - 2:00 pm)

Property Description
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.

Details
Maps
Contract Information
List Price: $1,885,000
Status: Active
Current Price: $1,885,000
List Date: 2026-04-08
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
Location Tax Legal
House Number: 1318
Compass: E
Street Name: TREASURE COVE
St Suffix: Drive
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85234
Zip4: 2656
Country: US
County Code: Maricopa
Assessor Number: 304-96-738
Subdivision: WEST LAKE ESTATES 2 LOT 41-66 T A-C P-1A
Tax Year: 2025
General Property Description
Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 2
# of Interior Levels: 2
# Bedrooms: 6
Full Bathrooms: 4
Half Bathrooms: 1
Total Bathrooms: 5
Approx SQFT: 5731
Price/SqFt: 328.91
Horses: N
Builder Name: UNKNOWN
Year Built: 1996
Approx Lot SqFt: 14244
Approx Lot Acres: 0.327
Community Pool Y/N: No
Private Pool Y/N: Yes
Fireplace YN: Yes
Fireplaces Total: 3
Planned Comm Name: Val Vista Lakes
Marketing Name: BASEMENT HOME
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District
Elementary School: Val Vista Lakes Elementary School
Jr. High School: Greenfield Elementary School
High School: Gilbert High School
Remarks Misc
Cross Street: Val Vista & Baseline
Geo Lat: 33.373533
Geo Lon: -111.75812
Legal Info
Township: 1S
Range: 6E
Section: 5
Lot Number: 49
Cnty Rcrd Bk & Pg #: 30408
Association Fees
Association Fee 2: 158.11
Basement
Basement Y/N: Y
Items Updated
Roof Yr Updated: 2018
Roof Partial/Full: Full
Bath(s) Yr Updated: 2020
Bath(s) Partial/Full: Partial
Parking Spaces
Garage Spaces: 4
Total Covered Spaces: 4
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Special Listing Cond: N/A
Add'l Property Use: None
View: Lake
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Tub with Jets; Bidet
Master Bedroom: Split
Additional Bedroom: Separate Bedroom Exit; Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet
Fireplace Features: Fireplace Family Rm; Fireplace Master Bdr; Gas Fireplace; Other
Flooring: Carpet; Tile
Window Features: Solar Screens
Private Pool Features: Outdoor; Play Pool
Spa: Private; Heated
Community Features: Biking/Walking Path; Children's Playgrnd; Clubhouse/Rec Room; Comm Tennis Court(s); Community Spa Htd; Gated; Racquetball; Lake; Pickleball
Dining Area: Formal; Eat-in Kitchen; Breakfast Room
Kitchen Features: Built-In Electric Oven; Electric Range; Electric Cooktop; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Pantry; Walk-in Pantry; Quartz Countertops; Kitchen Island
Laundry: Washer Included; Dryer Included; Inside
Basement Description: Exterior Entry; Interior Entry; Walk-Out Access; Walk-Up Access; Finished; Full; Storage Space
Foundation Details: Slab
Other Rooms: Family Room; Bonus/Game Room
Interior Features: Skylight(s); Soft Water Loop
Technology: Pre-Wire Srnd Snd; Cable TV Avail; High Speed Internet; Ntwrk Wrng Multi Rms; Security System Owned
Exterior Features: Built-in BBQ; Covered Patio(s); Patio; Private Street(s); Storage
Parking Features: Attch'd Gar Cabinets; Direct Access; Garage Door Opener
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco
Construction Status: Complete Spec Home
Roofing: Tile
Cooling: Central Air; Ceiling Fan(s); Programmable Thmstat
Heating: Natural Gas
Utilities: SRP; SW Gas
Water Source: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: Block
Property Description: Waterfront Lot; North/South Exposure
Landscaping: Grass Front; Yrd Wtring Sys Front; Auto Timer H2O Front
Lockbox Type: Supra
Possession: By Agreement
Association Fee Incl: Common Area Maint; Street Maint
Existing 1st Loan: Treat as Free&Clear
Existing 1st Loan Terms: Non Assumable
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail; Agency Discl Req
Supplements
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!

Listing Office: The Ave Collective

Last Updated: May - 30 - 2026

1318 E TREASURE COVE Drive, Gilbert, AZ 85234 - MLS# 7010987

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  • EJ Tallman, PLLC, BS in Marketing

    Certified Negotiation Expert
    Graduate Realtor® Institute
    Realty One Group| REALTOR® Since 2002

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