Calling all builders, developers, and those seeking room to create their dream estate! This exceptional 5-acre parcel is one of the few remaining large lots along the highly sought-after Greenfield Road corridor. Ideally located just minutes from SanTan Village, with convenient access to Costco and the Loop 202, this property offers both space and proximity to top-tier amenities. Surrounded by strong comparables, with ¾-acre lots approximately one mile north selling for over $1,000,000 and ½-acre lots nearby listed up to $2,000,000, this parcel presents a compelling investment opportunity. The Town of Gilbert may allow for flexible lot division, offering multiple development possibilities. With potential for increased density (subject to approval), this site is well-positioned for those looking to maximize value and achieve its highest and best use. Currently, there are no other 5-acre parcels available in Gilbert on the MLS--making this a rare and prime opportunity for a luxury estate, family compound, or a thoughtfully designed residential development.
Sale and tax history for 4886 S Greenfield Rd Unit -
Sale History
Tax History
Date
Event
Price
ARMLS #7042539
Jul 21, 2026
Pending
—
Jun 16, 2026
Listed
$3,400,000
ARMLS #7009084
Apr 27, 2026
Listing Removed
—
Apr 3, 2026
Listed
$3,400,000
ARMLS #6534285
Nov 7, 2023
Sold
$2,750,000
Sep 8, 2023
Pending
—
Mar 31, 2023
Listed
$3,250,000
+15
Don't miss this south Gilbert parcel! The opportunities are endless with this one. Perfect location for a boutique residential community. Previous owner had plans to develop this lot into a private/charter school. 2.5 miles from Gilbert Mercy Hospital, 2.5 miles from Santan Village Mall with tons of restaurant and entertainment options! All off-sites are complete along Greenfield Road. The area has excellent schools (both public and private).
ARMLS #5853559
May 30, 2019
Sold
$1,778,430
Apr 29, 2019
Contingent
—
Feb 25, 2019
Price Changed
$2,050,000
Dec 4, 2018
Listed
$3,155,000
As the MLS and public records start to fill up, we'll list the details here.
Public record
Public record
Zoning
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Style
Vacant Land
County
Maricopa County
APN
304-71-044-E
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Last updated by owner on Mar 21, 2023.
SF-43
Single Family-43 District
Single Family–43 is a large lot zoning district that permits up to 1 primary dwelling unit per acre. The rural character is accentuated by custom homes, farm buildings, livestock and crops. The large lots are typically flood irrigated and may have septic systems.
Permitted uses
Include but are not limited to:
Housing-Group
Housing-Single unit
Infrastructure
Office
Fire house
Police station
Golf related
Agriculture-Cropland
Historical weather
Gilbert, AZ • 85298
Average low and high temperatures (°F)
68
41
78
49
84
56
86
59
94
67
106
77
106
81
106
82
101
77
92
63
77
49
73
45
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
100/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 4886 S Greenfield Rd Unit -
We cannot show automated home-value estimates for this home.
Nearby homes have recently sold between $635,000 and $1,900,000.
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $635K to $1.9M.