527 E Ray Road, Gilbert, AZ 85296

$2,200,000
3
BD
3
BA
1,456
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$2,200,000
List Price
$2,750,000
Closing Date
Sep 28, 2023
Days on Market
163
Status
CLOSED
MLS#
6545754
City
Gilbert
Bedrooms
3
Bathrooms
3
Living SQFT
1,456
Lot Size
179,613
Subdivision
Tierra Madre
Year Built
1972
Type
Single Family Residence

Property Description

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.

Additional Information

Elementary School
Ashland Elementary
High School
Mesquite High School
Middle School
South Valley Jr. High
Acres
4.12
Architecture
Ranch
Assoc Fee Includes
No Fees
Builder Name
Unknown
Construction
Painted, Block
Cooling
Evaporative Cooling
Fencing
Partial, Wire
Fireplace
1 Fireplace
Garage Spaces
2
Heating
Electric
Horses
Yes
Laundry
Wshr/Dry HookUp Only
Living Area
1,456
Lot Size
179,613
New Financing
Cash, Conventional, 1031 Exchange, FHA
Property Condition
Fixer
Roofing
Composition, Built-Up
Sewer
Septic Tank
Spa
None
Stories
1
Style
Ranch
Subdivision
Tierra Madre
Taxes
$2,424
Tax Year
2022
Water
City Water

Courtesy of Realty ONE Group. 480-321-8100 Selling Office: HomeSmart.

Copyright 2026 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks