1501 E Rakestraw Ln Gilbert, AZ 85298
South Gilbert NeighborhoodEstimated payment $4,702/month
Highlights
- Two Primary Bathrooms
- Clubhouse
- Private Yard
- Willie & Coy Payne Jr. High School Rated A
- Contemporary Architecture
- Community Spa
About This Home
Welcome to Waterston! - Luxury Living in a Prestigious Gated Community! Step into elegance and comfort with this stunning 4-bedroom, 3.5-bath home, complete with a dedicated office and a spacious loft, thoughtfully designed for modern living. With $90K in premium upgrades, this residence combines style, function, and an exceptional lifestyle. A charming curb appeal sets the tone with a 2-car garage, paver driveway, and stylish stone accents. Inside, the impressive open floor plan showcases contemporary design elements, abundant natural light, plantation shutters, surround sound, and a striking wall-mounted fireplace. The gourmet kitchen is a chef's dream - featuring stainless steel appliances, a gas cooktop, tile backsplash, quartz countertops, ample cabinetry with crown moulding, . . . recessed and pendant lighting, and a large prep island with breakfast bar seating. Upstairs, enjoy a versatile loft, perfect for a media room, playroom, or secondary office space. The serene primary suite offers plush carpeting, a spa-like ensuite with dual vanities, a soaking tub, and a generous walk-in closet. A second main bedroom and an open den provide even more flexibility for guests or multi-generational living. Spacious backyard is complete with a gorgeous green turf including a putting green and offers an amazing covered patio, with an outdoor kitchen with a built-in BBQ, warming drawer, refrigerator and plenty of countertop/serving space. What's not to like? A deal like this surely won't last! It's New...It's Move-in Ready. It can be Yours! Located in one of Gilbert's most desirable gated communities, this home offers outstanding security, privacy, and resort-style amenities. Schools - Gilbert Schools are Top Rated...plus just minutes from the best dining, shopping, entertainment, and outdoor recreation that Gilbert, Arizona has to offer!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $2,367
Year Built
- Built in 2023
Lot Details
- 5,968 Sq Ft Lot
- Block Wall Fence
- Artificial Turf
- Front and Back Yard Sprinklers
- Private Yard
HOA Fees
- $165 Monthly HOA Fees
Parking
- 2 Car Direct Access Garage
Home Design
- Contemporary Architecture
- Wood Frame Construction
- Tile Roof
- Stone Exterior Construction
- Stucco
Interior Spaces
- 3,173 Sq Ft Home
- 2-Story Property
- Ceiling height of 9 feet or more
- Recessed Lighting
- Pendant Lighting
- Double Pane Windows
- Plantation Shutters
- Living Room with Fireplace
- Laundry in unit
Kitchen
- Eat-In Kitchen
- Breakfast Bar
- ENERGY STAR Qualified Appliances
- Kitchen Island
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- Two Primary Bathrooms
- Primary Bathroom is a Full Bathroom
- 3.5 Bathrooms
- Double Vanity
- Soaking Tub
- Bathtub With Separate Shower Stall
Eco-Friendly Details
- ENERGY STAR Qualified Equipment for Heating
- North or South Exposure
Outdoor Features
- Covered Patio or Porch
- Built-In Barbecue
Schools
- Robert J.C. Rice Elementary School
- Perry High School
Utilities
- Zoned Heating and Cooling System
- Heating System Uses Natural Gas
- Tankless Water Heater
- High Speed Internet
Listing and Financial Details
- Tax Lot 155
- Assessor Parcel Number 313-33-633
Community Details
Overview
- Association fees include ground maintenance
- Waterston Association, Phone Number (602) 437-4777
- Built by Tri Pointe Homes
- Waterston North Phase 1 Subdivision
Amenities
- Clubhouse
Recreation
- Community Playground
- Community Spa
- Bike Trail
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 | $2,367 | $30,426 | -- | -- |
| 2024 | $266 | $28,978 | -- | -- |
| 2023 | $266 | $12,360 | $12,360 | $0 |
| 2022 | $258 | $4,185 | $4,185 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/24/2026 02/24/26 | Price Changed | $845,000 | +1.2% | $266 / Sq Ft |
| 02/23/2026 02/23/26 | Sold | $835,000 | -1.2% | $263 / Sq Ft |
| 01/15/2026 01/15/26 | Pending | -- | -- | -- |
| 12/15/2025 12/15/25 | For Sale | $845,000 | -- | $266 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $758,785 | None Listed On Document | |
| Special Warranty Deed | $16,815,686 | First American Title |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $713,250 | New Conventional |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6958168
APN: 313-33-633
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
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Ask me questions while you tour the home.