The Most Expensive Home sold in Gilbert, Arizona last week

Real Estate Broker/Owner with Zion Realty

The most expensive home that sold in Arizona last week was a $4 Million dollar new build in the popular Scottsdale subdivision of Silverleaf. Unfortunately, there wasn't much information to be had or pictures to be viewed of the property. I write this weekly blog as an information piece for my followers and I want it to be entertaining and educational. Since there was not a lot data to share about the actual most expensive home that sold in Arizona last week, I decided to write this week's blog about the most expensive home sold last week specifically in my area of Gilbert. There are two communities in Gilbert, Arizona that have a man-made lake created to allow for water skiing; Playa Del Rey and Crystal Point Estates. I've written blog posts about both of these communities in the past (Water Ski Lake Communities in Gilbert, Arizona) and as luck would have it, the most expensive home that sold in Gilbert, Arizona last week was located in Playa Del Rey. 

Gilbert, Arizona isn't specifically known for our luxury home market, however, there are a number of subdivisions that carry high price tags if you wish to become a resident. This home in Playa Del Rey may not seem like a high-end, affluent property, but try convincing a boat lover of that. If you own a boat in Gilbert and enjoy recreational water activities the nearest lake is almost an hour away. The process of getting your watercraft hitched and prepared for the drive, waiting in line at the loading zone to get in the water, then re-hitching and driving home can be a nuisance even for the most avid water enthusiast. Owning a home in Playa Del Rey eliminates the need for all of that hassle. It's hard to put a price on that sort of convenience. I'm positive the new owner of this home is already dreaming of those hot Summer days that are soon to be in their future, and their ability to jump in their boat to enjoy a new found freedom out on their private water ski lake. Click on the picture below for the full MLS listing:

Location: Gilbert

Size: 3,553 sqft

Bedrooms: 4

Bathrooms: 2.5

Lot size: 9,933 sqft



If you are in the luxury home market and want a list of luxury homes available in Arizona, contact us at ZionRealtyAZ.comWe'd love to help you find your dream home!


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Home Selling
Arizona Maricopa County Gilbert
Arizona Homes
Almost Anything Goes
Posts to Localism
Moving to Arizona
Gilbert Arizona Real Estate
nicole doty

Spam prevention
Show All Comments
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Nicole, wow,  tht's a pretty hefty price..congrats to the sellers.

Jan 28, 2016 01:54 AM #1
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Nicole Doty - Gilbert Real Estate Expert - I am one who follows your most expensive sold blogs.

Convenience and time are luxuries in themselves. Thanks for sharing about Playa del Rey.

Jan 28, 2016 02:10 AM #2
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 I so look forward to every Tuesday  every week and I was surprised to see this on Thursday Nicole Doty - Gilbert Real Estate Expert 

Jan 28, 2016 02:43 AM #3
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nicole to bad there were not more pictures, I would have loved to seen more of this house.

Jan 28, 2016 04:49 AM #4
TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

Good eveing Nicole Doty - Gilbert Real Estate Expert . You are kidding me. $4M for a 3500 sqft house on a dinky lot. Those folks must have more money than sense.

Jan 28, 2016 08:01 AM #5
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Nicole - That one may not break the bank, but it's still a very sweet home, and I really like that it's on the water.

Jan 28, 2016 08:25 AM #6
Conrad Allen
Re/Max Professional Associates - Webster, MA
Webster, Ma, Realtor

Hi Nicole.  A very small piece of land for a very large and expensive home.

Jan 28, 2016 08:55 AM #7
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty

Ronald - The price matches the amenities of this subdivision.

L & S - Playa Del Rey is right in the heart of Town so you not only have the convenience of your own water ski lake but also easy access to the vibrant downtown Heritage district as well. 

Paul - It's been a long week full of tough transactions and a sick husband so I'm a little behind in my posts. 

George - The house itself is definitely in need of some upgrades so that's probably why the agent didn't over emphasize the home itself.

Michael - The $4 million was for the actual most expensive home that sold in the entire state of AZ. This "most expensive home that sold in Gilbert" was only 500k.

Dick - I personally flipped a home in Playa Del Rey back in 2013 which was on the water. I bought it as a short sale and remodeled the entire home. We made some good money on that project.

Conrad - The lots are pretty small in Playa Del Rey but then again you're not paying for land you're paying for access to the lake. 

Jan 28, 2016 11:49 PM #8
Gary L. Waters Broker Associate, Bucci Realty
Bucci Realty, Inc. - Melbourne, FL
Fifteen Years Experience in Brevard County

The balcony view is awesome.  I see your system uses FlexMLS as well.  A lot of open light...nice. And the price was not bad at all!

Jan 29, 2016 12:52 AM #9
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

This is a lovely home, but I'm still longing for the rustic lodge style you featured not long ago. I'm sure the location of this home makes it quite desirable with many. 

Jan 29, 2016 07:17 AM #10
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Nicole - Playa Del Ray is certainly one of the most unique communities in Gilbert, and all of Arizona for that matter. After all, how many homes in the middle of the desert have a water ski lake in their back yard.

Jan 29, 2016 04:57 PM #11
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Nicole -- that is a lot of home for the price especially with its access to water. I'm surprised to see the HOA fees are relatively low(at least for our area).

As far as the most expensive home marketing, it makes me wonder why there would be no photos.   

Jan 31, 2016 11:38 PM #12
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Nicole Doty - Gilbert Real Estate Expert

Broker/Owner of Zion Realty
Ask me a question
Spam prevention