Sold
Last Sold Price
4 beds4 baths3,173 sqft$263/sqft
1501 E Rakestraw Ln, Gilbert, AZ 85298
Single FamilyProperty Type
5,968 sq ftLot Size
2023Year Built
$263/sq ftPrice per sq ft
$1,980/yrHOA Fees
4 carsParking Spaces

Description

Welcome to Waterston! - Luxury Living in a Prestigious Gated Community! Step into elegance and comfort with this stunning 4-bedroom, 3.5-bath home, complete with a dedicated office and a spacious loft, thoughtfully designed for modern living. With $90K in premium upgrades, this residence combines style, function, and an exceptional lifestyle. A charming curb appeal sets the tone with a 2-car garage, paver driveway, and stylish stone accents. Inside, the impressive open floor plan showcases contemporary...Welcome to Waterston! - Luxury Living in a Prestigious Gated Community! Step into elegance and comfort with this stunning 4-bedroom, 3.5-bath home, complete with a dedicated office and a spacious loft, thoughtfully designed for modern living. With $90K in premium upgrades, this residence combines style, function, and an exceptional lifestyle. A charming curb appeal sets the tone with a 2-car garage, paver driveway, and stylish stone accents. Inside, the impressive open floor plan showcases contemporary design elements, abundant natural light, plantation shutters, surround sound, and a striking wall-mounted fireplace. The gourmet kitchen is a chef's dream - featuring stainless steel appliances, a gas cooktop, tile backsplash, quartz countertops, ample cabinetry with crown moulding, . . . recessed and pendant lighting, and a large prep island with breakfast bar seating. Upstairs, enjoy a versatile loft, perfect for a media room, playroom, or secondary office space. The serene primary suite offers plush carpeting, a spa-like ensuite with dual vanities, a soaking tub, and a generous walk-in closet. A second main bedroom and an open den provide even more flexibility for guests or multi-generational living. Spacious backyard is complete with a gorgeous green turf including a putting green and offers an amazing covered patio, with an outdoor kitchen with a built-in BBQ, warming drawer, refrigerator and plenty of countertop/serving space. What's not to like? A deal like this surely won't last! It's New... It's Move-in Ready. It can be Yours! Located in one of Gilbert's most desirable gated communities, this home offers outstanding security, privacy, and resort-style amenities. Schools - Gilbert Schools are Top Rated...plus just minutes from the best dining, shopping, entertainment, and outdoor recreation that Gilbert, Arizona has to offer!
  • Listed by: Richard Harless 480.771.1511 offers@azflatfee.com Brokerage DRE #LC679444000 • AZ Flat Fee
  • Listed by: Kim Leighton 480.933.1603 kim@azflatfee.com Brokerage DRE #LC679444000 • AZ Flat Fee
Listing closed: 03/03/2026 12:00 AM • Source: ARMLS, MLS#: 6958168

Recent comparable sales

Median sold price

$812,000

Avg days on market

78

Sale-to-list ratio

97.2%

Gilbert, AZ

9 comparable properties found

a front view of house with yard and green space
1/80
1

$900,000

Sold 09/26/25

4
Bedrooms
4
Bathrooms
3,173
Square Feet
0.17
Acres
$854,000 | 1532 East Rakestraw Lane, Gilbert, AZ 85298
1/54
2

$854,000

Sold 06/09/26

4
Bedrooms
4
Bathrooms
3,132
Square Feet
0.14
Acres
a view of an empty room with wooden floor and windows
1/44
3

$835,000

Sold 02/04/26

4
Bedrooms
4
Bathrooms
3,173
Square Feet
0.14
Acres
a front view of a house with garage
1/21
4

$799,000

Sold 05/18/26

4
Bedrooms
4
Bathrooms
3,173
Square Feet
0.14
Acres
$799,373 | 5880 South Boulder Street, Gilbert, AZ 85298
1/31
5

$799,373

Sold 11/22/24

4
Bedrooms
4
Bathrooms
3,309
Square Feet
0.14
Acres
a front view of a house with garage
1/22
6

$804,250

Sold 07/31/26

4
Bedrooms
4
Bathrooms
3,173
Square Feet
0.14
Acres
a front view of a house with a garage
1/21
7

$819,000

Sold 02/25/26

4
Bedrooms
4
Bathrooms
3,173
Square Feet
0.15
Acres
a front view of a house with garage
1/38
8

$757,292

Sold 02/03/25

4
Bedrooms
4
Bathrooms
3,128
Square Feet
0.16
Acres
a front view of a house with a yard and garage
1/4
9

$812,000

Sold 03/24/25

4
Bedrooms
4
Bathrooms
3,173
Square Feet
0.14
Acres

Location

Listing Courtesy of AZ Flat Fee

Sold By SK Realty

Add your commute

Payment Calculator

$4,677 per month

30 year fixed, 6.71% Interest

Principal and Interest

$4,315

Property Taxes

$197

HOA Dues

$165

The Payment Calculator is for illustrative purposes only.

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Property Information for 1501 East Rakestraw Lane

Property Details
  • Taxes: $2,367 / year
  • MLS Type: Residential / Single Family Residence
  • Architectural Style: Contemporary
  • Subdivision Name: WATERSTON NORTH PHASE 1
  • View YN: Yes
Building Information
  • Stories: 2
  • Year Built: 2023
  • Lot Size: 0.14 AC / 5,968 SF
Summary
Location and General Information
  • Unparsed Address: 1501 E RAKESTRAW Lane, Gilbert, AZ 85298
  • City: Gilbert
  • Coordinates: -111.757638, 33.252851
  • Country: US
  • County Or Parish: Maricopa
  • Cross Street: S Val Vista Dr and E Ocotillo Rd
  • Directions: South on S Val Vista Dr. Right on E Ocotillo Rd. Right on S Stonecreek Blvd. Right on E Rakestraw Ln. Home will be on the right.
  • Latitude: 33.252851
  • Longitude: -111.757638
  • Postal City: Gilbert
  • Postal Code: 85298
  • Postal Code Plus4: 0728
  • State Or Province: AZ
  • Street Suffix: Lane
  • Year Built: 2,023
Taxes and HOA
  • Assocsp Rules Infoco Petssp OK splparen Seesp Rmrks rparen: Yes
  • Association Fee: $165.00
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Maintenance Grounds
  • Association Name: Waterston
  • Association Phone: 602-437-4777
  • Association YN: Yes
  • Tax Annual Amount: $2,367.00
  • Tax Book Number: 313.00
  • Tax Legal Description: LOT 155 WATERSTON NORTH PHASE 1 MCR
  • Tax Lot: 155
  • Tax Map Number: 33.00
  • Tax Year: 2,025
Parking
  • Attached Garage YN: Yes
  • Carport Spaces: 0
  • Covered Spaces: 2
  • Garage Spaces: 2
  • Garage YN: Yes
  • Open Parking Spaces: 2
  • Open Parking YN: Yes
  • Parking Features: Attached Garage, Garage Door Opener, Direct Access, Attch'd Gar Cabinets
School Information
  • Elementary School: Robert J.C. Rice Elementary School
  • Elementary School District: Chandler Unified District #80
  • High School: Perry High School
  • High School District: Chandler Unified District #80
  • Middle Or Junior School: Robert J.C. Rice Elementary School
Property
Lot Information
  • Building Area Total: 3,173
  • Building Area Units: Square Feet
  • Living Area: 3173.0
  • Living Area Source: Assessor
  • Living Area Units: Square Feet
  • Lot Features: North/South Exposure, Sprinklers In Rear, Sprinklers In Front, Gravel/Stone Front, Gravel/Stone Back, Synthetic Grass Frnt, Synthetic Grass Back
  • Lot Size Acres: 0.14
  • Lot Size Area: 5968.0
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 5968.0
  • Lot Size Units: Square Feet
Property and Assessments
  • Propertysp Descriptionco North Southsp Exposure: Yes
  • Builder Name: Tri Pointe Homes
  • Building Area Source: Assessor
  • Disclosures: Agency Discl Req, Seller Discl Avail
  • Documents Change Timestamp: 12-16-2025 03:01:38 AM
  • Documents Count: 4
  • Floor Plans Change Timestamp: 12-15-2025 08:01:38 PM
  • Ownership: Fee Simple
  • Parcel Number: 31333633
  • Possible Use: None
  • Property Attached YN: No
  • Property Sub Type: Single Family Residence
  • Property Type: Residential
  • Public Survey Range: 6E
  • Public Survey Section: 17
  • Public Survey Township: 2S
  • Road Responsibility: City Maintained Road
  • Road Surface Type: Paved
Green Features
  • Green Energy Efficient: Multi-Zones
  • Green Water Conservation: Tankless Ht Wtr Heat
Utilities
  • Electric: 220 Volts in Kitchen
  • Electric On Property YN: Yes
  • Sewer: Sewer in & Cnctd, Public Sewer
  • Utilities: Natural Gas Connected
  • Water Source: City Water
Interior and Exterior Features
Exterior Features
  • Community Features: Lake, Gated, Community Spa, Community Spa Htd, Playground, Biking/Walking Path
  • Construction Materials: Stucco, Wood Frame, Painted, Stone
  • Exterior Features: Private Yard, Built-in Barbecue
  • Fencing: Back Yard, Block
  • Horse YN: No
  • Patio And Porch Features: Private Yard, Built-in Barbecue
  • Pool Private YN: No
  • Roof: Tile
  • Stories Total: 2
Interior Features
  • Bathrooms Total Decimal: 3.5
  • Kitchensp Featuresco Builthypheninsp Microwave: Yes
  • Kitchensp Featuresco Reversesp Osmosis: Yes
  • Bathrooms Total Integer: 4
  • Bedrooms Possible: 6
  • Bedrooms Total: 4
  • Cooling: Central Air, Ceiling Fan(s), ENERGY STAR Qualified Equipment, Programmable Thmstat
  • Cooling YN: Yes
  • Fireplace Features: Insert, Living Room
  • Fireplace YN: Yes
  • Flooring: Carpet, Tile
  • Heating: ENERGY STAR Qualified Equipment, Natural Gas
  • Heating YN: Yes
  • Interior Features: Non-laminate Counter, Quartz Countertops, High Speed Internet, Double Vanity, Upstairs, Eat-in Kitchen, Breakfast Bar, 9+ Flat Ceilings, Kitchen Island, Pantry, 2 Master Baths, Full Bth Master Bdrm, Separate Shwr & Tub
  • Laundry Features: Inside, Engy Star (See Rmks)
  • Spa Features: None
  • Window Features: Screens, Low-Emissivity Windows, Dual Pane
  • Number of Interior Levels: 2.0
Room Information
Room Information
  • Mastersp Bedroomco Upstairs: Yes
  • Othersp Roomsco Greatsp Room: Yes
  • Othersp Roomsco Loft: Yes
  • Rooms Total: 0
Rental
Rent Information
  • Land Lease Amount: $.00
  • Land Lease YN: No

Property History for 1501 East Rakestraw Lane

DateEvent & SourcePriceAppreciation
Mar 3, 2026

Sold

ARMLS #6958168

$835,000
Mar 2, 2026

Sold (Public Record)

Public Record #1929908740

$835,000

+3.5% / yr

Feb 24, 2026

Price Change

ARMLS #6958168

$845,000
DateEvent & SourcePrice
03/03/2026

Sold

ARMLS #6958168

$835,000
03/02/2026

Sold (Public Record)

Public Record #1929908740

$835,000

+3.5% / yr

02/24/2026

Price Change

ARMLS #6958168

$845,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1501 East Rakestraw Lane

Taxable ValueLand-Additions-Total-
Tax Record2025$2,367 ($197 / month)
Home Facts
Beds4Baths3.5Total Finished SqFt3,173 SqFtAbove Grade Finished SqFt3,173 SqFtStories2Lot Size5,968 SqFtStyleSingle Family ResidenceYear Built2023Year Renovated2023ZoningSF6CountyMARICOPAAPN313-33-633

Schools near 1501 East Rakestraw Lane

This home is within Chandler Unified District.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 8
Public - 8 to 12
Public - PK to 6
Rating
School
Distance
Robert J.C. Rice Elementary School
PublicPK to 6

Willie & Coy Payne Jr. High School
Public7 to 8

Perry High School
Public8 to 12

Weinberg Elementary School
PublicPK to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 1501 East Rakestraw Lane, Gilbert, AZ 85298
$835,000
4
4
3,173
5,968
$740,424
4
3,173
5,967
$762,280
4
2,798
7,157
$789,900
4
3
2,939
5,967
$681,762
4
2,796
5,968
$712,865
3.5
3,173
5,967

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of AZ Flat Fee

The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Compass are identified with the ARMLS logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. All information should be verified by the recipient and none is guaranteed as accurate by ARMLSListing information Copyright© 2026 Northern Arizona Association of REALTORS, Prescott Area Association of REALTORS and Arizona Regional Multiple Listing Service, Inc. All Rights Reserved.