AMAZING AND RARE INVESTMENT OPPORTUNITY in the HEART of GILBERT! Surrounded by city amenities and breathtaking mountain views, the land can be subdivided into 4, 1+ acre lots or left as is to build your dream estate and horse stables. With NO HOA, and residential zoning, the space is yours to develop as you desire. Located just minutes from downtown Gilbert and the San Tan Mall, Main Event, Top Golf -- PLUS all of the outdoor dining and shopping experiences the San Tan Village community offers!
Tenants are currently in place until March 2026.
Sold for $2,200,000
$2,200,000
527 E Ray Road, Gilbert, AZ 85296
3beds
3baths
1,456sqft
Single Family Residence
Built in 1972
4.12 Acres Lot
$1,469,600 Zestimate®
$1,511/sqft
$2,742 Estimated rent
Home value
$1,469,600
$1.25M - $1.76M
$2,742/mo
Zestimate® history
Loading...
Owner options
List your home for rent
$2,742/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
Learn more$2,742/mo
Rent Zestimate®
Refinance and save
$12,475/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
See today's rates$12,475/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Zillow last checked: 8 hours ago
Listing updated: May 03, 2025 at 07:01pm
Listed by:
Lindsay A Mozena 480-266-7656,
Realty ONE Group,
Connor David 480-534-0882,
Realty ONE Group
Bought with:
Dominick Montano, SA686400000
HomeSmart
Source: ARMLS,MLS#: 6545754
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Electric
Cooling
- Evaporative Cooling
Features
- 3/4 Bath Master Bdrm, Laminate Counters
- Has basement: No
Interior area
- Total structure area: 1,456
- Total interior livable area: 1,456 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage, Carport
- Garage spaces: 2
- Carport spaces: 2
- Covered spaces: 4
Features
- Stories: 1
- Pool features: None
- Spa features: None
- Fencing: Partial,Wire
Lot
- Size: 4.12 Acres
- Features: Natural Desert Back, Natural Desert Front, Irrigation Front, Irrigation Back
Details
- Parcel number: 30443097B
- Horses can be raised: Yes
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Painted, Block
- Roof: Composition,Built-Up
Condition
- Fixer
- Year built: 1972
Utilities & green energy
- Sewer: Septic Tank
- Water: City Water
Community & neighborhood
Location
- Region: Gilbert
- Subdivision: Tierra Madre
Other
Other facts
- Listing terms: Cash,Conventional,1031 Exchange,FHA
- Ownership: Fee Simple
Price history
| Date | Event | Price |
|---|---|---|
| 9/28/2023 | Sold | $2,200,000-20%$1,511/sqft |
Source:  ARMLS #6545754 Report a problem | ||
| 4/19/2023 | Listed for sale | $2,750,000$1,889/sqft |
Source: ARMLS #6545754 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,874 +219.3% | $202,785 +187.1% |
| 2024 | $2,466 -0.5% | $70,620 +174.6% |
| 2023 | $2,479 +2.3% | $25,717 -40.4% |
Find assessor info on the county website
Neighborhood: Tierra Madre
Nearby schools
GreatSchools rating
- 7/10Ashland Elementary SchoolGrades: PK-6Distance: 1 mi
- 8/10South Valley Jr. High SchoolGrades: 7-8Distance: 0.6 mi
- 7/10Campo Verde High SchoolGrades: 8-12Distance: 3 mi
Schools provided by the listing agent
- Elementary: Ashland Elementary
- Middle: South Valley Jr. High
- High: Mesquite High School
Source: ARMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,469,600
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,469,600
- Arizona
- Maricopa County
- Gilbert
- 85296
- Tierra Madre
- 527 E Ray Road