This is a market activity update for the Coral Point (The Falls) Community in the Islands in Gilbert, AZ.
Coral Point is a picturesque, waterfront, gated community built between 1986 and 1994. It consists of 102 detached and attached homes with views to the lake or the lagoon. There is a wide variety of floor plans - starting from 1,475 sq. ft. single stories and going up to 2,769 sq.ft. two-stories. The community has its own swimming pool, spa and club house, in addition to the numerous amenities offered by the larger Islands Home Owners Association.
The Falls are in a very desirable location within Gilbert, just on the border with Chandler, and with a quick access to the rich cultural and sports activities calendars of the neighboring cities - Tempe, Chandler, Phoenix, Mesa, Scottsdale.
Being very low maintenance and turn-key, homes in the Falls make also an attractive investment or a second home choice. The Home Owner's Association takes care of the front and back yard, as well as it paints the exterior of the homes every 7 seven years. The ratio between owner-occupied and second or investment home owner is approximately 7:3. Owners take pride in their homes and there are quite a few original owners.
There are currently 3 homes for sale - with different sizes and views, ranging between $305,000 and $344,500, one bank-owned home is under contract. Sold home prices range between $284,000 and $350,000 in the period between June 1, 2016 and October 22, 2016.
Please visit my web-site http://www.talktosteffy.com for more information about this community and about waterfront homes currently available for sale.
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