This could be a once in a lifetime opportunity: Just under 2.5 irrigated acres, just a tiny hair over a mile away (to the south) from the middle of the intersection of Gilbert Rd and Page Ave. That's the heart of Downtown Gilbert and this property is just off of Gilbert Rd so it's a straight shot. These facts alone make for an incredibly rare offering. Then add to that a dead-end street, city water, trash, and street maintenance, SW gas, and a N/S exposed, gorgeously remodeled and expanded farmhouse. Developers: Zoned R15. Investors: What a killer vacation rental this would be. Owner occupants: Live the dream of old-school Gilbert with (or without) your animals and enjoy the elbow room, while enjoying the modern shopping, dining, and recreation of the area. Too much space?- Subdivide and sell the back acre! The amazing home features a large laundry room with a dog bath, a large extra storage room that could have a variety of uses, stunning kitchen with all Thermador built-in appliances and pasta pot filler, newer tankless water heater, hardwood flooring, a breathtaking master with a luxurious bathroom, and more. Don't miss the inviting backyard with a covered patio, open artificial turf area, cozy gazebo structure with a fireplace, raised garden beds ready for planting, a dog run area, and still plenty of room to add pool, shop, or ? without taking away any of the pasture area. A property with so many options and so few limits- Bring your imagination and enjoy this exquisite property!
Picture perfect home both inside and out! Horse property on almost 2.5 acres with lush grassy lawn, mature citrus, fruit & shade trees, storage shed, corral area and more! This home has been immaculately cared for and includes designer paint, wood, tile and carpet flooring, French doors to the outside, a huge laundry room, 4 bedrooms and 2 baths! A spacious master bedroom has his/her closets and en-suite bathroom. Secondary bedrooms have been lightly lived in! An updated gourmet kitchen boasts tiered raised panel cabinets, stainless steel appliance package, expansive granite counter tops with backsplash, huge center island with vegetable sink and electric cook top plus bar seating and beautiful pendant lighting. A formal dining area and office finish off the floor plan. See to believe.
ARMLS #5587508
Jul 31, 2017
Pending
—
Jul 19, 2017
Listing Removed
—
Apr 7, 2017
Listed
$749,900
$255/sq ft
Public Records
May 19, 1988
Sold
$159,000
$54/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$2,682 (+4.0%)
2024
$2,578 (−0.8%)
2023
$2,600 (+3.1%)
2022
$2,521 (−5.3%)
$9,010 + $36,040
$45,050
2021
$2,663 (+1.6%)
$8,540 + $34,160
$42,700
2020
$2,622 (+24.8%)
$7,870 + $31,490
$39,360
2018
$2,101 (+3.6%)
$7,780 + $29,590
$37,370
2017
$2,027
$6,260 + $25,040
$31,300
Tax history for 115 E Water Tank Rd
Year
Property tax
Land + Additions
Assessment*
2025
$2,682 (+4.0%)
2024
$2,578 (−0.8%)
2023
$2,600 (+3.1%)
2022
$2,521 (−5.3%)
$9,010 + $36,040
$45,050
2021
$2,663 (+1.6%)
$8,540 + $34,160
$42,700
2020
$2,622 (+24.8%)
$7,870 + $31,490
$39,360
2018
$2,101 (+3.6%)
$7,780 + $29,590
$37,370
2017
$2,027
$6,260 + $25,040
$31,300
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
2
Stories
—
Lot width
—
Lot depth
—
Lot size
2.45 Acres
Year renovated
—
Sq. Ft.
2,777
Year built
1971
Style
Single Family Residential
County
Maricopa County
APN
30425945
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 8, 2026.
SF-15
Single Family-15 District
Single Family-15 zoning district may be custom homes, semi-custom homes or builder homes. The zoning district is often used as a transition between large lots and smaller-lot subdivisions. The SF15 lots are not typically large enough to retain rainwater and are generally associated with private common open space facilities that serve a neighborhood.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Infrastructure
Office
Fire house
Police station
Golf related
Agriculture-Cropland
Property details
Parking
Parking Information
Parking Features: Separate Strge Area
Interior
Kitchen Information
Built-in Microwave: Yes
Kitchen Island: Yes
Non-laminate Counter: Yes
Multiple Ovens: Yes
Pantry: Yes
Bathroom Information
Bathrooms (Total Integer): 2
Bedroom Information
Bedrooms (Possible): 5
Heating & Cooling
Has Heating
Cooling: Central Air, Programmable Thmstat
Has Cooling
Heating: Natural Gas
Interior Features
Appliances: Refrigerator, Dishwasher, Disposal
Interior Features: High Speed Internet, Double Vanity, Other, See Remarks, Breakfast Bar, No Interior Steps, Vaulted Ceiling(s), Kitchen Island, Pantry, Full Bth Master Bdrm, Separate Shwr & Tub