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

1318 E TREASURE COVE Drive, Gilbert, AZ 85234

$1,850,000

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98-web-or-mls-012E Treasure Cove Dr- Vir

96-web-or-mls-122E Treasure Cove Dr- Vir

Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 5,731 Lot Size (sq. ft.): 14,244 Status: Active

Current Price: $1,850,000 List Date: 4/15/2026 Last Modified: 8/11/2026

Overview

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.

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 ... (Read more)

Listing Details MLS# 7010987

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

Contract Information

Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No

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: Yes
Total Bathrooms: 5
Approx SQFT: 5731
Price/SqFt: 322.81
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

Legal Info

Township: 1S
Range: 6E
Section: 5
Lot Number: 49
Cnty Rcrd Bk & Pg #: 30408

Association Fees

Association Fee 2: 158.11

More Information

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: ShowingTime

DPR Eligible

DPR Eligible: No

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

Listing Office: Limitless Real Estate

Last Updated: August - 11 - 2026