1187 S VAL VISTA Drive, Gilbert, AZ 85296

$4,500,000

Property Type: Residential Bedrooms: 4 Baths: 3 Square Footage: 2,685 Lot Size (sq. ft.): 212,594 Status: Pending

Current Price: $4,500,000 Last Modified: 4/21/2026

Overview

Description

Rare Acreage in Gilbert. Nearly 5 acres. Existing home is approximately 2700 sqft. Or build your own dream home in the heart of Gilbert on this irrigated horse property. Looking for an investment property - Many Development Opportunities are available on these 3 parcels currently zoned R43. Adjoining nearly 5 acre parcel may also be available for those seeking larger acreage. Don't miss this rare opportunity to live on or develop roughly 5-10 acres in a highly desired Gilbert location - just 1.5 miles to Loop 202 or 4 miles to US 60.

Listing Details MLS# 6962905

Location, Tax & Legal

House Number: 1187
Compass: S
Street Name: VAL VISTA
St Suffix: Drive
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85296
Zip4: 3702
County Code: Maricopa
Assessor Number: 304-26-014-H
Subdivision: N/A
Tax Year: 2024
Assessor's Map #: 26
Legal Description (Abbrev): TH PT S 5 AC OF NW4 LY S & W OF S P CO DAF BEG AT PT ON S LN NW4 240' E OF W4 COR SEC TH E 260'
Assessor's Parcel #: 14
Assessor Parcel Ltr: H
Tax Municipality: Gilbert
Taxes: 3133.28

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: Yes
# of Interior Levels: Yes
# Bedrooms: 4
Full Bathrooms: 2
Half Bathrooms: Yes
Total Bathrooms: 3
Approx SQFT: 2685
Price/SqFt: 1675.98
Horses: Y
Builder Name: UNK
Year Built: 1964
Lead Based Hazard Disclosure: Yes
Approx Lot SqFt: 212594
Approx Lot Acres: 4.88
Community Pool Y/N: No
Private Pool Y/N: No
Fireplace YN: Yes
Fireplaces Total: Yes
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District
Elementary School: Finley Farms Elementary
Jr. High School: Greenfield Junior High School
High School: Gilbert High School

Remarks Misc

Cross Street: Val Vista b/t Warner & Ray
Directions: Val Vista b/t Warner & Ray Directions: North on Val Vista from Ray approximately 1/2 mile. Immediately North of E Knox Rd on East side of Val Vista.

Status Change Info

Off Market Date: 2026-04-21
Under Contract Date: 2026-04-08

Legal Info

Township: 1S
Range: 6E
Section: 21
Lot Number: 304-26-014H

More Information

Basement

Basement Y/N: N

Parking Spaces

Carport Spaces: 2
Slab Parking Spaces: 2
Total Covered Spaces: 2

Showing Notification Methods

Showing Service: Aligned Showings

Special Listing Cond

N/A: Yes

Construction

Block: Yes

Const - Finish

Painted: Yes

Roofing

Composition: Yes

Association & Fees

HOA Y/N: N
PAD Fee Y/N: N
Land Lease Fee Y/N: N
Ttl Mthly Fee Equiv: 0

Lockbox Type

None: Yes

Architecture

Ranch: Yes

Master Bathroom

Full Bth Master Bdrm: Yes

Flooring

Carpet: Yes
Vinyl: Yes

Community Features

Horse Facility: Yes

Dining Area

Eat-in Kitchen: Yes

Heating

Electric: Yes

Kitchen Features

Dishwasher: Yes
Laminate Counters: Yes
Electric Cooktop: Yes

Cooling

Central Air: Yes

Laundry

Inside: Yes

Other Rooms

Family Room: Yes
Great Room: Yes
Bonus/Game Room: Yes

Separate Den/Office

Sep Den/Office Y/N: Y

Fencing

Other: Yes

Water Source

City Water: Yes

Exterior Features

Covered Patio(s): Yes

Spa

None: Yes

Sewer

Septic-In & Connected: Yes

Irrigation

Flood: Yes

New Financing

Cash: Yes
VA: Yes
Conventional: Yes
FHA: Yes
1031 Exchange: Yes

Plumbing

Electric Hot Wtr Htr: Yes

Utilities

SRP: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Landscaping

Irrigation Back: Yes

Horse Features

Corral(s): Yes
Stall: Yes
Arena: Yes

Disclosures

None: Yes

Possession

Close of Escrow: Yes

Association Fee Incl

No Fees: Yes

Assoc Rules/Info

Not Managed: Yes

Property Features

Special Listing Cond: N/A Architecture: Ranch Master Bathroom: Full Bth Master Bdrm Flooring: Carpet; Vinyl Spa: None Community Features: Horse Facility Dining Area: Eat-in Kitchen Kitchen Features: Electric Cooktop; Dishwasher; Laminate Counters Laundry: Inside Other Rooms: Family Room; Great Room; Bonus/Game Room Exterior Features: Covered Patio(s) Construction: Block Const - Finish: Painted Roofing: Composition Cooling: Central Air Heating: Electric Plumbing: Electric Hot Wtr Htr Utilities: SRP Water Source: City Water Irrigation: Flood Sewer: Septic-In & Connected Fencing: Other Landscaping: Irrigation Back Horse Features: Corral(s); Stall; Arena Lockbox Type: None Possession: Close of Escrow Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; VA; FHA; Conventional; 1031 Exchange Disclosures: None

Listing Office: Mesa Verde Real Estate

Last Updated: April - 21 - 2026