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1318 E Treasure Cove Drive, Gilbert, AZ 85234

$1,885,000
  • 1318 E Treasure Cove Drive, Gilbert, AZ 85234 Main Photo

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Active Price Reduced by $215,000 on May 13th, 2026
BEDS8 BATHS SQUARE FEET5,731 MLS#7010987
STATUSActive PROPERTY TYPEResidential - Single Family SUBDIVISIONWEST LAKE ESTATES 2 LOT 41-66 T A-C P-1A SCHOOLGilbert Unified District

Property Description

Welcome to Treasure Cove, an exceptional lakefront BASEMENT home offering 5 bedrooms, 4.5 bathrooms, and 5,731 sqft of thoughtfully designed living in one of Gilberts most sought-after communities.Experience true Arizona resort-style living in your own backyard, complete with a negative-edge pool and spa, built-in BBQ, sunken fireplace, outdoor shower, and private dock with direct lake access. Whether its kayaking at sunrise, paddleboarding in the afternoon, or unwinding with sunset views over the water, this home delivers a lifestyle few can match.Inside, youre welcomed by soaring ceilings and an expansive open-concept layout designed for both everyday living and elevated entertaining. The spacious great room flows seamlessly into the kitchen, featuring granite countertops, abundan cabinetry, and generous prep space. A double-door den offers flexibility as a private office or optional sixth bedroom.The oversized primary suite is a true retreat, showcasing serene lake views, a cozy fireplace, spa-inspired ensuite bath, and a spacious walk-in closet.Downstairs, the fully finished basement expands your living options with a full kitchen, two additional bedrooms, a full bathroom, fireplace, and its own private entrance--ideal for multi-generational living, guests, or extended stays. Enhancing convenience between levels, the home also features a built-in dumbwaiter, allowing for effortless transport of laundry, groceries, meals, or everyday essentials between the basement and main kitchen.Located within the prestigious Val Vista Lakes community, residents enjoy access to world-class amenities including a multi-million-dollar clubhouse, sandy beach lagoon, tennis and pickleball courts, a fitness center, heated Olympic-style pool and spa, and scenic walking and biking trails, all surrounded by lush, waterfront beauty.This is more than a home, its a lifestyle.A rare opportunity to own lakefront living in one of Gilberts premier master-planned communities.

1318 E Treasure Cove Drive | MLS# 7010987

This single family home located at 1318 E Treasure Cove Drive, Gilbert, AZ 85234 is currently listed for sale with an asking price of $1,885,000. This property was built in 1996 and has 8 bedrooms with 5731 sq. ft. E Treasure Cove Drive is located in the WEST LAKE ESTATES 2 LOT 41-66 T A-C P-1A subdivision within the Gilbert Unified District school district. Search WEST LAKE ESTATES 2 LOT 41-66 T A-C P-1A real estate on www.arizonabest.com today.

Property Features

Property Type: Residential - Single Family
Basement: Finished, Walk-Out Access, Full, Exterior Entry, Interior Entry, Storage Space, Walk-Up Access
Cooling: Ceiling Fan(s), Central Air, Programmable Thmstat
Fenced: Yes
Fireplaces: 3
Garage: 4 car attached
Heating: Natural Gas
Lot Size: 0.33 Acres
Roof Type: Tile
Stories: 2.0
Taxes: $9,633
Year Built: 1996

Feature Descriptions

Assoc. Fee Includes: Maintenance Grounds, Street Maint
Community Features: Lake, Community Spa Htd, Gated, Tennis Court(s), Racquetball, Playground, Biking/Walking Path, Clubhouse, Pickleball
Days on Site: 32
Exterior: Block, Wood Frame, Painted, Stucco
Exterior: Storage, Private Street(s), Built-in Barbecue
Fee HOA: 169.15/Monthly
Fee HOA 2: 158.11/Monthly
Fireplace: Family Room, Master Bedroom, Gas, Other
Flooring: Carpet, Tile
HOA Y/N: Yes
Interior: Full Bth Master Bdrm, Separate Shwr & Tub, Double Vanity, Tub with Jets, Bidet, Eat-in Kitchen, Pantry, Kitchen Island, Walk-in Pantry, Quartz Countertops, High Speed Internet
Laundry: Inside
Parking: Garage Door Opener, Attchd Gar Cabinets, Direct Access
Pool: Play Pool, Outdoor
Property Sub Type: Single Family Residence
Spa: Private, Heated
Spa: Yes
Special View Info: Lake
Swimming Pool: Yes
Water: Public

Local Schools

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

Listed By / Shown By

Listed By

Agency Name: The Ave Collective

Shown By

Agency Title: Arizona Best Real Estate
Agency Phone: 480-948-4711

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Estimated Payment

$ 5,547.73 per month $4,195.19 Principal & Interest $802.75 Property Tax $549.79 Homeowner's Insurance

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