1318 E Treasure Cove Drive, Gilbert, AZ 85234
Local realty services provided by:CENTURY 21 Arizona Foothills
Listed by: paige n hargis, laura holl
Office: the ave collective
MLS#:7010987
Source:ARMLS
Price summary
- Price:$2,299,999
- Price per sq. ft.:$401.33
- Monthly HOA dues:$169
About this home
Welcome to Treasure Cove, an exceptional lakefront BASEMENT home offering 5 bedrooms, 4.5 bathrooms, and 5,731 sqft of thoughtfully designed living in one of Gilbert's most sought-after communities.
Experience true Arizona resort-style living in your own backyard, complete with a negative-edge pool and spa, built-in BBQ, sunken fireplace, outdoor shower, and private dock with direct lake access. Whether it's kayaking at sunrise, paddleboarding in the afternoon, or unwinding with sunset views over the water, this home delivers a lifestyle few can match.
Inside, you're welcomed by soaring ceilings and an expansive open-concept layout designed for both everyday living and elevated entertaining. The spacious great room flows seamlessly into the kitchen, featuring granite countertops, abundan cabinetry, and generous prep space. A double-door den offers flexibility as a private office or optional sixth bedroom.
The oversized primary suite is a true retreat, showcasing serene lake views, a cozy fireplace, spa-inspired ensuite bath, and a spacious walk-in closet.
Downstairs, the fully finished basement expands your living options with a full kitchen, two additional bedrooms, a full bathroom, fireplace, and its own private entrance--ideal for multi-generational living, guests, or extended stays. Enhancing convenience between levels, the home also features a built-in dumbwaiter, allowing for effortless transport of laundry, groceries, meals, or everyday essentials between the basement and main kitchen.
Located within the prestigious Val Vista Lakes community, residents enjoy access to world-class amenities including a multi-million-dollar clubhouse, sandy beach lagoon, tennis and pickleball courts, a fitness center, heated Olympic-style pool and spa, and scenic walking and biking trails, all surrounded by lush, waterfront beauty.
This is more than a home, it's a lifestyle.
A rare opportunity to own lakefront living in one of Gilbert's premier master-planned communities....
Contact an agent
Home facts
- Year built:1996
- Listing ID #:7010987
- Updated:April 19, 2026 at 04:44 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:5
- Flooring:Carpet, Tile
- Basement:Yes
- Basement Description:Finished, Full, Walk-Out Access
- Living area:5,731 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Programmable Thermostat
- Heating:Natural Gas
- Central air:Yes
Structure and exterior
- Year built:1996
- Building area:5,731 sq. ft.
- Lot area:0.33 Acres
- Lot Features:Auto Timer H2O Front, Grass Front, North/South Exposure, Sprinklers In Front
- Construction Materials:Block, Painted, Stucco
- Exterior Features:Built-in Barbecue, Private Street(s), Storage
Schools
- High school:Gilbert High School
- Middle school:Greenfield Elementary School
- Elementary school:Val Vista Lakes Elementary School
Utilities
- Water:City Water
Finances and disclosures
- Price:$2,299,999
- Price per sq. ft.:$401.33
- Tax amount:$9,633 (2025)
Features and amenities
- Amenities:Skylight(s)
- Pool features:Play Pool
Parking
- Parking description:Attached Garage Cabinets
- Garage:Yes
- Garage spaces:4
New listings near 1318 E Treasure Cove Drive
- New
$395,000Active2 beds 3 baths1,460 sq. ft.2614 E Megan Street, Gilbert, AZ 85295
MLS# 7016338Listed by: PARAMOUNT PROPERTY SERVICES - New
$535,000Active3 beds 2 baths1,401 sq. ft.551 E Sherri Drive, Gilbert, AZ 85296
MLS# 7016232Listed by: REAL ESTATE COLLECTION
$659,900Pending5 beds 3 baths2,382 sq. ft.1743 E Redfield Road, Gilbert, AZ 85234
MLS# 7016250Listed by: MY HOME GROUP REAL ESTATE- New
$468,000Active3 beds 3 baths2,187 sq. ft.905 S Osborn Lane, Gilbert, AZ 85296
MLS# 7016214Listed by: LONG REALTY OLD TOWN - New
$650,000Active4 beds 3 baths2,408 sq. ft.4526 E Portola Valley Drive, Gilbert, AZ 85297
MLS# 7016066Listed by: KELLER WILLIAMS REALTY SONORAN LIVING - New
$645,000Active4 beds 2 baths2,413 sq. ft.2519 E Encinas Avenue, Gilbert, AZ 85234
MLS# 7016011Listed by: RE/MAX FINE PROPERTIES - New
$519,900Active4 beds 2 baths1,954 sq. ft.1134 N Saint Elena Street, Gilbert, AZ 85234
MLS# 7016035Listed by: MAINSTAY BROKERAGE - New
$575,000Active4 beds 2 baths2,348 sq. ft.3011 E Janelle Way, Gilbert, AZ 85298
MLS# 7015826Listed by: FATHOM REALTY ELITE - New
$479,000Active3 beds 3 baths2,105 sq. ft.3589 S Fireside Trail, Gilbert, AZ 85297
MLS# 7015835Listed by: KELLER WILLIAMS REALTY PHOENIX - New
$550,000Active3 beds 2 baths1,572 sq. ft.3964 E Liberty Lane E, Gilbert, AZ 85296
MLS# 7015846Listed by: ALL AMERICA RELOCATION