$850,000
SOLD MAY 9, 2025

770 S Ocean Dr Unit IV Gilbert, AZ 85233

The Islands Neighborhood
4 Beds
3 Baths
2,757 Sq Ft
8,573 Sq Ft Lot

Recently Sold

$308 Per Sq Ft

5% Below List Price

154 Days on Market

Highlights

  • Waterfront
  • Community Lake
  • Skylights
  • Islands Elementary School Rated A-
  • Covered Patio or Porch
  • Eat-In Kitchen

About This Home

As of May 2025

This is it! Stunning Single Level Waterfront Home with a 3-car garage in the Highly Desirable Islands Lakes Community. Walk through the Front Door and you will be Wowed with the Waterfront Views. Spacious and Open Floorplan Cathedral Ceilings Plantation Shutters. This Waterfront Home is Perfect for Relaxing and Entertaining inside and out. Kitchen has Granite Counters Built-in Ovens, Cooktop and Microwave and large Pantry. Primary Bedroom is Huge with walk in Closet next Exit to EXTENDED 18 FT.COVERED PATIO with fantastic views from your Waterfront Oasis. Covered Patio and a Boat Dock where you can kayak, or go fishing right in your very own backyard. Live a unique lifestyle in this wonderful waterfront community! Make sure not to miss it!

Last Agent to Sell the Property

Gary Colin

Real Broker License #SA031143000 Listed on: 11/14/2024

Real Broker

Co-Listed By

Karsten Colin

Real Broker License #SA674429000

Last Buyer's Agent

Gary Colin

Real Broker License #SA031143000 Listed on: 11/14/2024

Real Broker

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,808

Year Built

  • Built in 1994

Lot Details

  • 8,573 Sq Ft Lot
  • Waterfront
  • Block Wall Fence
  • Front and Back Yard Sprinklers

HOA Fees

  • $64 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener

Home Design

  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,757 Sq Ft Home
  • 1-Story Property
  • Skylights
  • Solar Screens

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Kitchen Island

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bathroom is a Full Bathroom
  • 3 Bathrooms
  • Dual Vanity Sinks in Primary Bathroom
  • Bathtub With Separate Shower Stall

Outdoor Features

  • Covered Patio or Porch
  • Playground

Schools

  • Islands Elementary School
  • Gilbert Junior High School
  • Gilbert High School

Utilities

  • Zoned Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 169
  • Assessor Parcel Number 310-04-319

Community Details

Overview

  • Association fees include ground maintenance
  • First Serv Res Association, Phone Number (480) 551-4300
  • Catalina Bay At The Islands Unit 4 Subdivision
  • Community Lake

Recreation

  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,808

Year Built

Built in 1994

Lot Details

0

HOA Fees

$64 per month

Parking

3

Listing Details

  • Cross Street: EAST ON WARNER FROM MCQUEENS; NORTH ON
  • Legal Info Range: 5E
  • Property Type: Residential
  • Ownership: Fee Simple
  • HOA #2: N
  • Association Fees Land Lease Fee: N
  • Recreation Center Fee: N
  • Total Monthly Fee Equivalent: 63.78
  • Basement: N
  • Parking Spaces Total Covered Spaces: 3.0
  • Separate Den Office Sep Den Office: N
  • Year Built: 1994
  • Tax Year: 2024
  • Directions: COPPER KEY; LEFT ON ISLANDIA; RIGHT ON OCEAN * * * GREAT WATERFRONT PROPERTY AND VIEWS
  • Property Sub Type: Single Family Residence
  • Horses: No
  • Lot Size Acres: 0.2
  • Co List Office Mls Id: realbr001
  • Co List Office Phone: 602-755-3415
  • Subdivision Name: CATALINA BAY AT THE ISLANDS UNIT 4
  • Efficiency: Multi-Zones
  • Property Attached Yn: No
  • Association Fees:HOA Fee2: 382.68
  • Dining Area:Breakfast Bar: Yes
  • Technology:Cable TV Avail: Yes
  • Cooling:Central Air: Yes
  • Windows:Solar Screens: Yes
  • Water Source City Water: Yes
  • Special Features: None

Interior Features

  • Basement YN: No
  • Spa Features: None
  • Possible Bedrooms: 4
  • Total Bedrooms: 4
  • Fireplace Features: None
  • Fireplace: No
  • Interior Amenities: Double Vanity, Eat-in Kitchen, Breakfast Bar, Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub
  • Living Area: 2757.0
  • Stories: 1
  • Window Features: Skylight(s), Solar Screens
  • Kitchen Features:Kitchen Island: Yes
  • Master Bathroom:Double Sinks: Yes
  • Kitchen Features Pantry: Yes
  • Other Rooms:Family Room: Yes
  • Community Features:Children_squote_s Playgrnd: Yes
  • Community Features:Lake: Yes

Exterior Features

  • Fencing: Block
  • Exterior Features: Playground
  • Lot Features: Waterfront Lot, Sprinklers In Rear, Sprinklers In Front
  • Pool Features: None
  • Waterfront: Yes
  • Disclosures: Seller Discl Avail
  • Construction Type: Stucco, Block
  • Patio And Porch Features: Covered Patio(s)
  • Roof: Tile
  • Construction:Block: Yes
  • Exterior Features:Covered Patio(s): Yes
  • Exterior Features:Childrens Play Area: Yes

Garage/Parking

  • Total Covered Spaces: 3.0
  • Parking Features: Garage Door Opener
  • Attached Garage: No
  • Garage Spaces: 3.0
  • Parking Features:Garage Door Opener: Yes

Utilities

  • Cooling: Central Air
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Water
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Lake, Playground
  • Association Fee: 382.68
  • Association Fee Frequency: Semi-Annually
  • Association Name: First Serv Res
  • Phone: 480-551-4300
  • Association: Yes

Association/Amenities

  • Association Fees:HOA YN2: Y
  • Association Fees:HOA DisclosureAddendum Affirmation: Yes
  • Association Fees:HOA Transfer Fee2: 155.0
  • Association Fees:HOA Paid Frequency: Semi-Annually
  • Association Fees:HOA Name4: First Serv Res
  • Association Fees:HOA Telephone4: 480.551.4300
  • Association Fees:Special Assessment HOA: No
  • Association Fees:PAD Fee YN2: N
  • Association Fees:Cap ImprovementImpact Fee: 2254.65
  • Association Fees:Cap ImprovementImpact Fee _percent_: $
  • Association Fees:Prepaid Association Fees HOA: 382.0
  • Association Fees:Disclosure Fees HOA: 245.0
  • Association Fee Incl:Common Area Maint3: Yes

Fee Information

  • Association Fee Includes: Maintenance Grounds

Schools

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

Lot Info

  • Land Lease: No
  • Lot Size Sq Ft: 8573.0
  • Parcel #: 310-04-319

Building Info

  • Builder Name: unknown

Tax Info

  • Tax Annual Amount: 3808.0
  • Tax Book Number: 310.00
  • Tax Lot: 169
  • Tax Map Number: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 14, 2024
Closed on
May 2, 2025
Sold by
Keating Family Trust and Keating Gary
Bought by
Ronald L Young Living Trust and Young
Seller's Agent
Gary Colin
Real Broker
Buyer's Agent
Gary Colin
Real Broker
List Price
$898,000
Sold Price
$850,000
Premium/Discount to List
-$48,000
-5.35%
Views
2049
Current Estimated Value
$833,833

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$16,167
Avg. Annual Appreciation
8.60%

Purchase Details

Closed on
Jul 23, 2021
Sold by
Keating Gary F and Keating Sandra J
Bought by
Keating Gary F and Keating Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
2.96%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 11, 2020
Sold by
Keating Gary F and The Gary F Keating Living Trus
Bought by
Keating Gary F and Keating Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 27, 2007
Sold by
Keating Gary F and Keating Sandra J
Bought by
Keating Gary F and Gary F Keating Living Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 26, 2007
Sold by
Keating Gary F
Bought by
Keating Gary F and Keating Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 8, 2006
Sold by
Keating Gary F and Keating Sandra J
Bought by
Keating Gary F and Gary F Keating Living Trust

Purchase Details

Closed on
May 28, 2003
Sold by
Morgan Geraldine A
Bought by
Keating Gary F and Keating Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,300
Interest Rate
6.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 18, 1998
Sold by
Morgan Geri A
Bought by
Morgan Geraldine A and Geraldine A Morgan Revocable Family Tr

Purchase Details

Closed on
Feb 26, 1997
Sold by
Smith Alfred and Smith Lorraine Rose
Bought by
Morgan Geri A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 1994
Sold by
Jeff Blandford Development Corp
Bought by
Smith Alfred and Smith Lorraine Rose
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $850,000 Magnus Title Agency
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Pioneer Title Agency Inc
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- First American Title Ins Co
Interfamily Deed Transfer -- None Available
Warranty Deed $330,200 First American Title Ins Co
Interfamily Deed Transfer -- --
Warranty Deed $256,000 Capital Title Agency
Cash Sale Deed $204,598 Transamerica Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $532,000 New Conventional
Previous Owner $368,000 New Conventional
Previous Owner $500,000 New Conventional
Previous Owner $175,000 Credit Line Revolving
Previous Owner $275,000 Unknown
Previous Owner $294,300 New Conventional
Previous Owner $150,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/09/2025 05/09/25 Sold $850,000 -5.3% $308 / Sq Ft
11/14/2024 11/14/24 For Sale $898,000 -- $326 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

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 $3,808 $50,079 -- --
2024 $3,827 $47,694 -- --
2023 $3,827 $60,650 $12,130 $48,520
2022 $3,709 $47,580 $9,510 $38,070
2021 $3,851 $45,330 $9,060 $36,270
2020 $3,782 $44,770 $8,950 $35,820
2019 $3,475 $40,620 $8,120 $32,500
2018 $3,366 $38,030 $7,600 $30,430
2017 $3,235 $37,810 $7,560 $30,250
2016 $3,334 $38,530 $7,700 $30,830
2015 $3,007 $37,960 $7,590 $30,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6777499

Arizona Regional Multiple Listing Service (ARMLS)

APN: 310-04-319