159 E Water Tank Rd Gilbert, AZ 85296
Heritage District NeighborhoodEstimated payment $6,195/month
Highlights
- Horses Allowed On Property
- RV Hookup
- 0.99 Acre Lot
- Gilbert Elementary School Rated A-
- Reverse Osmosis System
- Contemporary Architecture
About This Home
Completed in 2024, this exceptional modern luxury farmhouse offers a rare combination of contemporary design, nearly one acre of usable land, and outstanding expansion potential. More than simply a residence, this is an expandable estate property designed to evolve with its owner's vision. Zoning allows for future additions and accessory structures, creating endless possibilities for additional living space, guest accommodations, workshops, recreational amenities, or multigenerational living.
The newly constructed home encompasses approximately 2,300 square feet of thoughtfully designed living space, featuring striking board-and-batten architecture, dramatic 25-foot ceilings, expansive covered patios, and a seamless open-concept layout that balances luxury, comfort, and functionality. The stylish chef's kitchen features quartz countertops, abundant cabinetry, two large sinks, and a spacious walk-in pantry/coffee bar, combining sophisticated design with practical convenience.
The expansive primary suite offers a peaceful retreat with a generous walk-in closet and a beautifully designed spa-like bathroom featuring an extra-large clawfoot soaking tub and rain shower head. Convenient access through the laundry room leads to the fully air-conditioned garage. A spacious secondary bedroom provides an ideal guest suite or flexible living space.
Built with quality, efficiency, and modern living in mind, the home includes two high-efficiency AC units, a tankless water heater, water softener, spray foam insulation throughout, insulated garage doors, epoxy garage flooring, and a substantial electrical panel with additional capacity for future expansion. The climate-controlled garage features a 10' garage door to accommodate larger vehicles and is also equipped with EV charging capability. Bring your RV as there is a hookup and drain conveniently located on the far side of the garage.
The grounds are beautifully enhanced with irrigation rights and mature landscaping, including a variety of fruit trees such as lemon, pear, orange, pomegranate, mulberry, plum, and guava, along with vibrant roses and a Silver Laurel.
With ample land and space for horses, cows, chickens, and other livestock, the property offers the rare opportunity to enjoy a luxury farmhouse lifestyle with room to create your own mini ranch or hobby farm while still enjoying the comfort of a newly built home, with additional space and flexibility to expand or add on if desired.
Enjoy a short walk to the canal with miles of walking and biking paths, and THE CONVENIENCE OF BEING WALKABLE TO THE GILBERT HERITAGE DISTRICT AND DOWNTOWN GILBERT offering some of the area's most popular restaurants, shops, and entertainment while still enjoying privacy and open space. Blending timeless farmhouse charm with modern luxury, thoughtful amenities, and room to roam, this newly completed property offers a truly unique living experience.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,055
Year Built
- Built in 2024
Lot Details
- 43,124 Sq Ft Lot
- Wood Fence
- Block Wall Fence
- Backyard Sprinklers
Parking
- 2 Car Attached Garage
- Electric Vehicle Home Charger
- RV Hookup
Home Design
- Contemporary Architecture
- Wood Frame Construction
- Tile Roof
- Metal Roof
- Wood Siding
Interior Spaces
- 2,280 Sq Ft Home
- 1-Story Property
- Vaulted Ceiling
- Double Pane Windows
- Window Screens
- Great Room
- Combination Dining and Living Room
Kitchen
- Eat-In Kitchen
- Gas Range
- Built-In Microwave
- Dishwasher
- Kitchen Island
- Quartz Countertops
- Disposal
- Reverse Osmosis System
Flooring
- Laminate
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
- Bidet
- Freestanding Bathtub
- Separate Shower in Primary Bathroom
- Soaking Tub
- Bathtub With Separate Shower Stall
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Covered Patio or Porch
- Rain Gutters
Schools
- Gilbert Elementary School
- Mesquite Jr High Middle School
- Gilbert High School
Utilities
- Central Air
- Heating System Uses Natural Gas
- Tankless Water Heater
- Water Softener is Owned
- High Speed Internet
- Cable TV Available
Additional Features
- No Interior Steps
- North or South Exposure
- Flood Irrigation
- Horses Allowed On Property
Community Details
- No Home Owners Association
- Association fees include no fees
- Metes And Bounds Subdivision
Listing and Financial Details
- Assessor Parcel Number 304-23-020-E
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $4,055 | $16,669 | ||
| 2024 | $1,215 | $15,875 | ||
| 2023 | $1,215 | $35,370 | $7,070 | $28,300 |
| 2022 | $1,178 | $27,320 | $5,460 | $21,860 |
| 2021 | $1,245 | $25,380 | $5,070 | $20,310 |
| 2020 | $1,226 | $22,900 | $4,580 | $18,320 |
| 2019 | $1,126 | $20,280 | $4,050 | $16,230 |
| 2018 | $1,092 | $18,160 | $3,630 | $14,530 |
| 2017 | $1,053 | $16,880 | $3,370 | $13,510 |
| 2016 | $1,301 | $16,360 | $3,270 | $13,090 |
| 2015 | $1,186 | $15,680 | $3,130 | $12,550 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/01/2026 07/01/26 | Price Changed | $1,075,000 | -10.3% | $471 / Sq Ft |
| 05/27/2026 05/27/26 | Price Changed | $1,199,000 | -7.8% | $526 / Sq Ft |
| 03/16/2026 03/16/26 | For Sale | $1,300,000 | -- | $570 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Great American Ttl Agcy Inc | |
| Interfamily Deed Transfer | -- | Great American Ttl Agcy Inc | |
| Interfamily Deed Transfer | -- | Security Title Agency Inc | |
| Warranty Deed | -- | Accommodation | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $305,000 | Security Title Agency Inc | |
| Quit Claim Deed | -- | None Available | |
| Interfamily Deed Transfer | -- | First American Title Ins Co | |
| Warranty Deed | $250,000 | First American Title Ins Co | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Co | |
| Interfamily Deed Transfer | -- | Chicago Title Insurance Co | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $125,000 | Transamerica Title Ins Co | |
| Cash Sale Deed | $1,000 | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Quit Claim Deed | -- | -- | |
| Quit Claim Deed | -- | -- |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $300,000 | Credit Line Revolving | |
| Closed | $168,347 | Credit Line Revolving | |
| Closed | $337,500 | New Conventional | |
| Closed | $281,644 | FHA | |
| Previous Owner | $244,000 | New Conventional | |
| Previous Owner | $200,000 | Purchase Money Mortgage | |
| Previous Owner | $110,000 | No Value Available |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6999436
APN: 304-23-020E
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Ask me questions while you tour the home.