1318 E TREASURE COVE Drive, Gilbert, AZ 85234

$1,885,000

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98-web-or-mls-012E Treasure Cove Dr- Vir

96-web-or-mls-122E Treasure Cove Dr- Vir

Property Type: Residential Bedrooms: 6 Baths: 5 Square Footage: 5,731 Lot Size (sq. ft.): 14,244 Status: Active

Current Price: $1,885,000 List Date: 4/15/2026 Last Modified: 5/30/2026

Overview

Description

Waterfront BASEMENT home in West Lake Estates. This is a combination almost impossible to find in Gilbert. 5,731 sqft, 6 bed, 4.5 bath, private dock and direct lake access. The lot is exceptional, the floor plan is rare, and the lifestyle is real. Bring your vision. Main level: soaring ceilings, open great room, granite kitchen, double-door den (or 6th bed), and a primary suite with lake views, fireplace, and spa ensuite. The backyard delivers: negative-edge pool & spa, built-in BBQ, sunken fireplace, outdoor shower, and a private dock for kayaking or paddleboarding at sunrise. Basement: fully finished with a complete second kitchen, 2 bedrooms, full bath, fireplace, and its own private entrance, purpose-built for multi-generational living, guests, or serious rental potential.

Supplements: A built-in dumbwaiter connects both levels. Val Vista Lakes amenities include a clubhouse, sandy beach lagoon, tennis, pickleball, fitness center, heated Olympic pool, and waterfront trails. One of the most coveted communities in the East Valley and this is one of its rarest homes. Investor, remodeler, or lifestyle buyer the bones, the lot, and the ... (Read more)

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Listing Details MLS# 7010987

Location, Tax & Legal

House Number: 1318
Compass: E
Street Name: TREASURE COVE
St Suffix: Drive
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85234
Zip4: 2656
Country: US
County Code: Maricopa
Assessor Number: 304-96-738
Subdivision: WEST LAKE ESTATES 2 LOT 41-66 T A-C P-1A
Tax Year: 2025
Assessor's Map #: 96
Legal Description (Abbrev): LOT 49 WEST LAKE ESTATES 2 LOT 41-66 T A-C P-1A MCR 030408
Assessor's Parcel #: 738
Tax Municipality: Gilbert
Taxes: 9633

Contract Information

Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No

General Property Description

Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: 2
# of Interior Levels: 2
# Bedrooms: 6
Full Bathrooms: 4
Half Bathrooms: Yes
Total Bathrooms: 5
Approx SQFT: 5731
Price/SqFt: 328.91
Horses: N
Builder Name: UNKNOWN
Year Built: 1996
Approx Lot SqFt: 14244
Approx Lot Acres: 0.327
Community Pool Y/N: No
Private Pool Y/N: Yes
Fireplace YN: Yes
Fireplaces Total: 3
Planned Comm Name: Val Vista Lakes
Marketing Name: BASEMENT HOME
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District
Elementary School: Val Vista Lakes Elementary School
Jr. High School: Greenfield Elementary School
High School: Gilbert High School

Remarks Misc

Cross Street: Val Vista & Baseline

Legal Info

Township: 1S
Range: 6E
Section: 5
Lot Number: 49
Cnty Rcrd Bk & Pg #: 30408

Association Fees

Association Fee 2: 158.11

More Information

Basement

Basement Y/N: Y

Items Updated

Roof Yr Updated: 2018
Roof Partial/Full: Full
Bath(s) Yr Updated: 2020
Bath(s) Partial/Full: Partial

Parking Spaces

Garage Spaces: 4
Total Covered Spaces: 4
Slab Parking Spaces: 0

Showing Notification Methods

Showing Service: Aligned Showings

Special Listing Cond

N/A: Yes

Construction

Block: Yes
Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Construction Status

Complete Spec Home: Yes

Roofing

Tile: Yes

Pmt & Rate Info

Down Payment: 0
Total Encumbrance: 0
Total Asum Mnth Pmts: 0

Association & Fees

HOA Y/N: Y
HOA Disclosure/Addendum Affirmation: Yes
HOA Transfer Fee: 200
HOA Fee: 169.15
HOA Paid Frequency: Monthly
HOA Name: WestLake Estates GUD
HOA Telephone: 480-635-1133
Special Assessment HOA: No
HOA 2 Y/N: Y
HOA 2 Transfer Fee: 100
HOA Paid Frequency 2: Monthly
HOA 2 Name: ValVistaLakes HOAMCO
HOA 2 Telephone: 480-926-9693
Special Assessment HOA 2: No
HOA 3 Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee: 1000
Cap Improvement/Impact Fee $/%: $
Cap Improvement/Impact Fee 2: 0
Cap Improvement/Impact Fee 2 $/%: $
Prepaid Association Fees HOA: 2029.81
Prepaid Association Fees HOA 2: 158.11
Disclosure Fees HOA: 277
Disclosure Fees HOA 2: 200
Other Fees HOA: 185
Other Fees Description: New Owner Fee $185
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Rec Center Fee 2 Y/N: N
Ttl Mthly Fee Equiv: 327.26

Lockbox Type

Supra: Yes

Master Bathroom

Full Bth Master Bdrm: Yes
Separate Shwr & Tub: Yes
Double Vanity: Yes
Tub with Jets: Yes
Bidet: Yes

Master Bedroom

Split: Yes

Additional Bedroom

Separate Bedroom Exit: Yes
Master Bedroom Walk-in Closet: Yes
Other Bedroom Walk-in Closet: Yes

Add'l Property Use

None: Yes

Fireplace Features

Fireplace Family Rm: Yes
Fireplace Master Bdr: Yes
Gas Fireplace: Yes
Other: Yes

Flooring

Carpet: Yes
Tile: Yes

Window Features

Solar Screens: Yes

Private Pool Features

Outdoor: Yes
Play Pool: Yes

Community Features

Biking/Walking Path: Yes
Children's Playgrnd: Yes
Clubhouse/Rec Room: Yes
Comm Tennis Court(s): Yes
Community Spa Htd: Yes
Gated: Yes
Racquetball: Yes
Lake: Yes
Pickleball: Yes

Dining Area

Formal: Yes
Eat-in Kitchen: Yes
Breakfast Room: Yes

Heating

Natural Gas: Yes

View

Lake: Yes

Kitchen Features

Built-In Electric Oven: Yes
Dishwasher: Yes
Disposal: Yes
Electric Range: Yes
Kitchen Island: Yes
Built-in Microwave: Yes
Pantry: Yes
Refrigerator: Yes
Walk-in Pantry: Yes
Electric Cooktop: Yes
Quartz Countertops: Yes

Cooling

Ceiling Fan(s): Yes
Programmable Thmstat: Yes
Central Air: Yes

Interior Features

Skylight(s): Yes
Soft Water Loop: Yes

Laundry

Washer Included: Yes
Dryer Included: Yes
Inside: Yes

Other Rooms

Family Room: Yes
Bonus/Game Room: Yes

Basement Description

Exterior Entry: Yes
Interior Entry: Yes
Walk-Out Access: Yes
Walk-Up Access: Yes
Finished: Yes
Full: Yes
Storage Space: Yes

Separate Den/Office

Sep Den/Office Y/N: Y

Road Surface Type

Asphalt: Yes

Road Responsibility

City Maintained Road: Yes

Technology

Pre-Wire Srnd Snd: Yes
Cable TV Avail: Yes
High Speed Internet: Yes
Ntwrk Wrng Multi Rms: Yes
Security System Owned: Yes

Fencing

Block: Yes

Water Source

City Water: Yes

Exterior Features

Built-in BBQ: Yes
Covered Patio(s): Yes
Patio: Yes
Storage: Yes
Private Street(s): Yes

Spa

Private: Yes
Heated: Yes

Sewer

Sewer - Public: Yes

Parking Features

Attch'd Gar Cabinets: Yes
Direct Access: Yes
Garage Door Opener: Yes

Foundation Details

Slab: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes

Energy/Green Feature

Multi-Zones: Yes

Utilities

SRP: Yes
SW Gas: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Terms

Non Assumable: Yes

Property Description

Waterfront Lot: Yes
North/South Exposure: Yes

Landscaping

Grass Front: Yes
Yrd Wtring Sys Front: Yes
Auto Timer H2O Front: Yes

Services

City Services: Yes

Disclosures

Seller Discl Avail: Yes
Agency Discl Req: Yes

Possession

By Agreement: Yes

Association Fee Incl

Common Area Maint: Yes
Street Maint: Yes

Assoc Rules/Info

Pets OK (See Rmrks): Yes
No Visible Truck Trailer RV Boat: Yes
Rental OK (See Rmks): Yes
Prof Managed: Yes

Property Features

Special Listing Cond: N/A Add'l Property Use: None View: Lake Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Tub with Jets; Bidet Master Bedroom: Split Additional Bedroom: Separate Bedroom Exit; Master Bedroom Walk-in Closet; Other Bedroom Walk-in Closet Fireplace Features: Fireplace Family Rm; Fireplace Master Bdr; Gas Fireplace; Other Flooring: Carpet; Tile Window Features: Solar Screens Private Pool Features: Outdoor; Play Pool Spa: Private; Heated Community Features: Biking/Walking Path; Children's Playgrnd; Clubhouse/Rec Room; Comm Tennis Court(s); Community Spa Htd; Gated; Racquetball; Lake; Pickleball Dining Area: Formal; Eat-in Kitchen; Breakfast Room Kitchen Features: Built-In Electric Oven; Electric Range; Electric Cooktop; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Pantry; Walk-in Pantry; Quartz Countertops; Kitchen Island Laundry: Washer Included; Dryer Included; Inside Basement Description: Exterior Entry; Interior Entry; Walk-Out Access; Walk-Up Access; Finished; Full; Storage Space Foundation Details: Slab Other Rooms: Family Room; Bonus/Game Room Interior Features: Skylight(s); Soft Water Loop Technology: Pre-Wire Srnd Snd; Cable TV Avail; High Speed Internet; Ntwrk Wrng Multi Rms; Security System Owned Exterior Features: Built-in BBQ; Covered Patio(s); Patio; Private Street(s); Storage Parking Features: Attch'd Gar Cabinets; Direct Access; Garage Door Opener Road Surface Type: Asphalt Road Responsibility: City Maintained Road Construction: Block; Wood Frame Const - Finish: Painted; Stucco Construction Status: Complete Spec Home Roofing: Tile Cooling: Central Air; Ceiling Fan(s); Programmable Thmstat Heating: Natural Gas Utilities: SRP; SW Gas Water Source: City Water Sewer: Sewer - Public Services: City Services Fencing: Block Property Description: Waterfront Lot; North/South Exposure Landscaping: Grass Front; Yrd Wtring Sys Front; Auto Timer H2O Front Lockbox Type: Supra Possession: By Agreement Association Fee Incl: Common Area Maint; Street Maint Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Terms: Non Assumable New Financing: Cash; VA; FHA; Conventional Disclosures: Seller Discl Avail; Agency Discl Req

Listing Office: The Ave Collective

Last Updated: May - 30 - 2026