527 E Ray Road, Gilbert, AZ 85296
- $2,200,000
- 3
- BD
- 3
- BA
- 1,456
- SqFt
- 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.
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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
- Lot Features
- Natural Desert Back, Natural Desert Front, Irrigation Front, Irrigation Back
- 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
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Listing courtesy of Realty ONE Group. Selling Office: HomeSmart.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.