129 E Water Tank Rd Gilbert, AZ 85296
Heritage District NeighborhoodEstimated payment $12,716/month
Highlights
- Horses Allowed On Property
- Media Room
- Vaulted Ceiling
- Gilbert Elementary School Rated A-
- 1.28 Acre Lot
- Great Room
About This Home
Experience a rare blend of modern luxury, farmhouse charm & Downtown Gilbert lifestyle in this extraordinary custom built home. Built in 2022, this 4,400+ sf modern farmhouse sits on 1.28 acres & offers the best of both worlds- private estate living with walkable/bikeable access to Downtown Gilbert shopping, dining, & entertainment. Designed for elevated everyday living & effortless entertaining, the home showcases a stunning great room with 14+ ft ceilings, expansive windows that flood the space with natural light, solid wood doors, & a cozy gas fireplace. From here, multi-slide stacking doors fully collapse to create a seamless indoor-outdoor connection, opening directly to a one-of-a-kind pond & rock garden designed as the heart of the property. A peaceful walking path wraps around the private pond, framed by natural boulders, mature trees, & lush landscaping--delivering a true resort-style setting and an incredible open-air feel. The chef's kitchen is a showpiece with a massive 12 foot island, two gas ranges (48" & 36") with 12 burners, 3 ovens, a butler's pantry and a huge walk-in refrigerator. The flexible layout includes 3 bedrooms plus a large media/flex room (used as a 4th bedroom option) and 3.5 baths. The primary retreat is exceptional, featuring a spa-like bathroom with oversized shower + enclosed tub, smart tint windows, huge closet, separate vanity/dressing area, and an attached patio. Outside, enjoy a truly unique setting with a small-scale vegetable farm, framed by inviting sitting & entertainment spaces and lots of exterior lighting. The back of the property includes a huge, fenced area perfect for farming, horses, chickens or many other options. Includes a back pad set with power for possible casita, workshop, pool/spa, etc. It's a short walk to the canal, which offers miles of walking/biking access and quick access to downtown Gilbert. There are lots of smart features to this home, 2 tankless water heaters (gas), 3 efficient HVAC units, complete water filtration system, custom lighting & fixtures and so much more. This is luxury mixed with land, character, and convenience--an incredibly rare opportunity in Gilbert.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,267
Year Built
- Built in 2022
Lot Details
- 1.28 Acre Lot
- Front and Back Yard Sprinklers
Parking
- 2.5 Car Garage
Home Design
- Wood Frame Construction
- Composition Roof
- Metal Roof
- Foam Roof
- Stucco
Interior Spaces
- 4,405 Sq Ft Home
- 1-Story Property
- Wired For Sound
- Vaulted Ceiling
- Ceiling Fan
- Skylights
- Double Pane Windows
- ENERGY STAR Qualified Windows
- Tinted Windows
- Mechanical Sun Shade
- Family Room with Fireplace
- Great Room
- Combination Dining and Living Room
- Media Room
- Laundry in unit
Kitchen
- Walk-In Pantry
- Butlers Pantry
- Electric Oven
- Gas Range
- Built-In Microwave
- Dishwasher
- Kitchen Island
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- Primary Bathroom is a Full Bathroom
- Double Vanity
- Private Water Closet
Outdoor Features
- Covered Patio or Porch
- Shed
Schools
- Gilbert Elementary School
- Mesquite Jr High Middle School
- Gilbert High School
Utilities
- Central Air
- Heating Available
- Tankless Water Heater
- Gas Water Heater
- Water Purifier
- High Speed Internet
- Cable TV Available
Additional Features
- No Interior Steps
- Flood Irrigation
- Horses Allowed On Property
Community Details
- No Home Owners Association
- Association fees include no fees
- Built by AZ Elite
Listing and Financial Details
- Assessor Parcel Number 304-25-944
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $4,267 | $53,600 | -- | -- |
| 2024 | $2,296 | $51,048 | -- | -- |
| 2023 | $2,296 | $49,950 | $9,990 | $39,960 |
| 2022 | $2,227 | $40,020 | $8,000 | $32,020 |
| 2021 | $2,353 | $37,810 | $7,560 | $30,250 |
| 2020 | $2,317 | $34,770 | $6,950 | $27,820 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 02/26/2026 02/26/26 | For Sale | $2,295,000 | +359.0% | $521 / Sq Ft | |
| 03/02/2018 03/02/18 | Sold | $500,000 | +25.3% | $243 / Sq Ft | View Prior Sale |
| 01/15/2018 01/15/18 | Pending | -- | -- | -- | |
| 11/22/2017 11/22/17 | For Sale | $399,000 | -- | $194 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $500,000 | American Title Service Agenc | |
| Cash Sale Deed | $168,300 | Lsi Title Agency | |
| Warranty Deed | $123,000 | Transnation Title Ins Co |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | New Conventional | |
| Previous Owner | $96,000 | Seller Take Back |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6989595
APN: 304-25-944
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Ask me questions while you tour the home.