$4,200,000
$300K PRICE DROP

2875 E Morrison Ranch Pkwy Gilbert, AZ 85296

Morrison Ranch Neighborhood

Estimated payment $23,574/month

Total Views 5,667
7 Beds
5 Baths
7,100 Sq Ft
$592 Price per Sq Ft

Highlights

  • Guest House
  • Private Pool
  • 1.02 Acre Lot
  • Greenfield Elementary School Rated A-
  • RV Access or Parking
  • 4-minute walk to Comstock Park

About This Home

Luxury Living at Its Finest - Resort-Style Estate

Step into a world of refined luxury and resort-style amenities with this stunning 7,100 square foot custom estate. Designed for both grand entertaining and everyday comfort, this exceptional property showcases thoughtful craftsmanship, modern convenience, and timeless elegance at every turn.

Soaring 12' and 14' ceilings with exposed real wood beams create a dramatic sense of space, while wide-plank wood flooring adds warmth and sophistication throughout. Floor-to-ceiling sliding glass doors seamlessly connect indoor living to a sprawling covered patio, perfect for year-round entertaining.

At the heart of the home, a chef's dream kitchen awaits. Fully equipped with top-of-the-line Wolf appliances, a Sub-Zero refrigerator a pebble ice maker, and generous counter space ideal for hosting. Power blinds and natural gas enhance both comfort and efficiency.

Outdoors, experience your own private retreat with a sparkling pool, hot tub, and sauna. The resort-caliber amenities continue with a state-of-the-art gym, multiple firepits, a putting green, pickleball and basketball court, and lush citrus trees surrounding custom planter boxes.

Additional highlights include:

4-car garage

Real limestone exterior accents

Expansive covered patio with outdoor living features

Smart design elements for seamless indoor-outdoor living

Every detail of this estate has been carefully curated to offer beauty, comfort, and unparalleled functionality. Ideal for those who value privacy, recreation, and high-end design all in one exceptional home.

Listing Agent

Shawn Hastings

H&M Arizona Real Estate Brokerage, LLC License #BR116342000 Listed on: 07/07/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,207

Year Built

  • Built in 2005

Lot Details

  • 1.02 Acre Lot
  • Block Wall Fence
  • Corner Lot
  • Front and Back Yard Sprinklers
  • Sprinklers on Timer
  • Private Yard
  • Grass Covered Lot

HOA Fees

  • $133 Monthly HOA Fees

Parking

  • 3 Car Garage
  • 4 Open Parking Spaces
  • Garage Door Opener
  • RV Access or Parking

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stone Exterior Construction
  • Stucco

Interior Spaces

  • 7,100 Sq Ft Home
  • 1-Story Property
  • Central Vacuum
  • Ceiling Fan
  • Fireplace
  • Double Pane Windows
  • Solar Screens
  • Security System Owned

Kitchen

  • Built-In Gas Oven
  • Gas Cooktop
  • Built-In Microwave
  • Wolf Appliances
  • Kitchen Island
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 5 Bathrooms

Pool

  • Private Pool
  • Spa

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Greenfield Elementary School
  • Greenfield Junior High School
  • Highland High School

Utilities

  • Cooling System Updated in 2023
  • Central Air
  • Heating unit installed on the ceiling
  • Heating System Uses Natural Gas
  • Water Softener
  • High Speed Internet

Additional Features

  • Accessible Hallway
  • Guest House

Listing and Financial Details

  • Tax Lot 1
  • Assessor Parcel Number 304-20-237

Community Details

Overview

  • Association fees include ground maintenance
  • Morrison Ranch Association, Phone Number (480) 921-7500
  • Built by US Home
  • Morrison Ranch Subdivision
  • Community Lake

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Sport Court
  • Handball Court
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,207

Year Built

Built in 2005

Lot Details

0

HOA Fees

$133 per month

Parking

3

Listing Details

  • Cross Street: Higley/Elliot
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 133.0
  • Basement: N
  • Bathrooms Year Updated: 2019
  • Items Updated Floor Yr Updated: 2019
  • Items Updated Ht Cool Yr Updated: 2023
  • Items Updated Kitchen Yr Updated: 2019
  • Items Updated Plmbg Yr Updated: 2019
  • Items Updated Rm Adtn Yr Updated: 2019
  • Items Updated Roof Yr Updated: 2019
  • Items Updated Wiring Yr Updated: 2019
  • Parking Spaces Slab Parking Spaces: 4.0
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: Y
  • Year Built: 2005
  • Spa Private: Yes
  • Tax Year: 2024
  • Directions: South on HIgley to Morrison Ranch Parkway. West on Morrison Ranch Parkway to property.
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 1.02
  • Subdivision Name: Morrison Ranch
  • Architectural Style: Other
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 399.0
  • Windows:Dual Pane: Yes
  • Cooling:Ceiling Fan(s): Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Kitchen Features:Gas Cooktop: Yes
  • Technology:High Speed Internet: Yes
  • Kitchen Features Built-In Gas Oven2: Yes
  • Special Features: None

Interior Features

  • Flooring: Tile, Wood
  • Basement YN: No
  • Spa Features: Private
  • Appliances: Gas Cooktop, Built-In Gas Oven
  • Accessibility Features: Accessible Hallway(s)
  • Possible Bedrooms: 8
  • Total Bedrooms: 7
  • Fireplace Features: Other
  • Fireplace: Yes
  • Interior Amenities: High Speed Internet, Granite Counters, Master Downstairs, Central Vacuum, Soft Water Loop, Kitchen Island, Full Bth Master Bdrm
  • Living Area: 7100.0
  • Stories: 1
  • Window Features: Solar Screens, Dual Pane
  • Kitchen Features:RangeOven Elec: Yes
  • Kitchen Features:Built-in Microwave: Yes
  • Kitchen Features:Kitchen Island: Yes
  • Community Features:BikingWalking Path: Yes
  • Community Features:Comm Tennis Court(s): Yes
  • Community Features:Pickleball Court(s): Yes
  • Other Rooms:Great Room: Yes
  • Other Rooms:Family Room: Yes
  • Kitchen Features:Reverse Osmosis: Yes
  • Kitchen Features:Walk-in Pantry: Yes
  • Kitchen Features:Multiple Ovens: Yes
  • Other Rooms:ExerciseSauna Room: Yes
  • KitchenFeatures:Refrigerator: Yes
  • Community Features:Lake: Yes
  • Kitchen Features:Granite Counters: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Private Pickleball Court(s), Hand/Racquetball Cts, Private Yard, Sport Court(s), Storage
  • Lot Features: Sprinklers In Rear, Sprinklers In Front, Corner Lot, Grass Front, Auto Timer H2O Front, Auto Timer H2O Back
  • Pool Private: Yes
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Wood Frame, Stone
  • Other Structures: Separate Guest House
  • Patio And Porch Features: Covered Patio(s), Patio
  • Roof: Tile
  • Construction:Frame - Wood: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Patio: Yes
  • Exterior Features:Pvt Yrd(s)Crtyrd(s): Yes
  • Exterior Features:Storage: Yes
  • Exterior Features:Separate Guest House: Yes
  • Exterior Features:Sport Court(s): Yes
  • Exterior Features:Private Pickleball Court(s): Yes
  • Exterior Features:HandRacquetball Cts: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: RV Access/Parking, RV Gate, Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Open Parking Spaces: 4.0
  • Parking Features:RV Gate: Yes
  • Parking Features:Garage Door Opener: Yes
  • Parking Features:RV AccessParking: Yes

Utilities

  • Cooling: Central Air, Ceiling Fan(s), Programmable Thmstat
  • Heating: Natural Gas, Ceiling
  • Security: Security System Owned
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Natural Gas: Yes
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Community Features: Pickleball, Lake, Tennis Court(s), Biking/Walking Path
  • Association Fee: 399.0
  • Association Fee Frequency: Quarterly
  • Association Name: Morrison Ranch
  • Phone: 480-921-7500
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: No
  • Association Fees:HOA Transfer Fee2: 1596.0
  • Association Fees:HOA Paid Frequency: Quarterly
  • Association Fees:HOA Name4: Morrison Ranch
  • Association Fees:HOA Telephone4: 480-921-7500
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 1596.0
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 399.0
  • Association Fees:Disclosure Fees HOA: 400.0
  • Association Fees:Other Fees HOA: 1596.0
  • Association Fees:Other Fees Description: Reverse Contribution
  • Association Fee Incl:Common Area Maint3: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

  • Elementary School: Greenfield Elementary School
  • High School: Highland High School
  • Junior High Dist: Gilbert Unified District
  • Middle Or Junior School: Greenfield Junior High School

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 44344.0
  • Parcel #: 304-20-237

Green Features

  • Green Water Conservation: Recirculation Pump

Building Info

  • Builder Name: US Home

Tax Info

  • Tax Annual Amount: 7207.0
  • Tax Book Number: 304.00
  • Tax Lot: 1
  • Tax Map Number: 20.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $7,207 $82,470 -- --
2024 $7,238 $78,543 -- --
2023 $7,238 $121,150 $24,230 $96,920
2022 $6,996 $95,700 $19,140 $76,560
2021 $7,231 $93,430 $18,680 $74,750
2020 $7,109 $91,010 $18,200 $72,810
2019 $5,780 $72,280 $14,450 $57,830
2018 $5,483 $67,120 $13,420 $53,700
2017 $5,290 $63,750 $12,750 $51,000
2016 $5,436 $63,350 $12,670 $50,680
2015 $4,893 $62,860 $12,570 $50,290
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2025 08/13/25 Price Changed $4,200,000 -2.3% $592 / Sq Ft
07/21/2025 07/21/25 Price Changed $4,300,000 -4.4% $606 / Sq Ft
07/07/2025 07/07/25 For Sale $4,500,000 -- $634 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $835,000 Chicago Title Agency Inc
Cash Sale Deed $835,000 Chicago Title Agency
Interfamily Deed Transfer -- None Available
Corporate Deed $968,326 North American Title Co
Cash Sale Deed $565,658 First American Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $879,000 New Conventional
Closed $879,000 New Conventional
Closed $900,000 Adjustable Rate Mortgage/ARM
Closed $751,500 New Conventional
Previous Owner $784,700 Fannie Mae Freddie Mac
Previous Owner $774,650 New Conventional
Source: Public Records

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Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6888203

Arizona Regional Multiple Listing Service (ARMLS)

APN: 304-20-237

Arizona Maricopa County Gilbert 85296 Morrison Ranch

2875 E Morrison Ranch Pkwy, Gilbert, AZ

This home is located at 2875 E Morrison Ranch Pkwy, Gilbert, AZ 85296 and is currently priced at $4,200,000, approximately $591 per square foot. This property was built in 2005. 2875 E Morrison Ranch Pkwy is a home located in Maricopa County with nearby schools including Greenfield Elementary School, Greenfield Junior High School, and Highland High School.

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.

Arizona Regional Multiple Listing Service (ARMLS) 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

Nearby Homes
Listing Agent
Shawn Hastings
Section Image
H&M Arizona Real Estate Brokerage, LLC
(480) 205-9558