1501 E RAKESTRAW Lane, Gilbert, AZ 85298
SOLD
MAR 3, 2026

1501 E RAKESTRAW Lane
Gilbert, AZ 85298

  • 4 Beds
  • 3.5 Baths
  • 3,173 sqft

$835,000

Last Sold: Mar 3, 2026
1% below list $845K
$263/sqft
Est. Refi. Payment $4,569/mo*
Refinance Your Home

$835,000

Last Sold: Mar 3, 2026
1% below list $845K
$263/sqft
Est. Refi. Payment $4,569/mo*
Refinance Your Home
4 Beds
3.5 Baths
3,173 sqft

Local Information

  • Map ViewExplore the area around 1501 E RAKESTRAW Lane.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

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 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!
1501 E RAKESTRAW Lane, Gilbert, AZ 85298 is a 4 bedroom, 4 bathroom, 3,173 sqft single-family home built in 2023. It last sold for $835,000 on Mar 3, 2026 (1% below the $845,000 asking price). It is currently off market. The Trulia Estimate is $832,900, with a rent estimate of $3,645/month.

Home Highlights

Parking
2 Car Garage
Outdoor
Patio
A/C
Heating & Cooling
HOA
$165/Monthly
Price/Sqft
$263/sqft
Listed
158 days ago

Home Details for 1501 E RAKESTRAW Lane

Interior Features

Beds & Baths
Number of Bedrooms: 4Number of Bathrooms: 4Number of Bathrooms (full): 3Number of Bathrooms (half): 1
Dimensions and Layout
Living Area: 3173 Square Feet
Appliances & Utilities
Appliances: Dryer, Washer, Reverse Osmosis, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Gas Cooktop, Built-In Electric Oven, Water PurifierDishwasherDisposalDryerLaundry: Inside,Engy Star (See Rmks)RefrigeratorWasher
Heating & Cooling
Heating: ENERGY STAR Qualified Equipment,Natural GasHas CoolingAir Conditioning: Central Air,Ceiling Fan(s),ENERGY STAR Qualified Equipment,Programmable ThmstatHas HeatingHeating Fuel: ENERGY STAR Qualified Equipment
Fireplace & Spa
Fireplace: Living RoomSpa: NoneHas a Fireplace
Gas & Electric
Electric: 220 Volts in KitchenHas Electric on Property
Windows, Doors, Floors & Walls
Window: Low Emissivity Windows, Double Pane WindowsFlooring: Carpet, Tile
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Floors: Carpet, Tile

Exterior Features

Exterior Home Features
Roof: TilePatio / Porch: Covered, PatioFencing: BlockExterior: Private Yard, Built-in Barbecue
Parking & Garage
Number of Garage Spaces: 2Number of Covered Spaces: 2Open Parking Spaces: 2No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 4Parking: Garage Door Opener,Direct Access,Attch'd Gar Cabinets
Frontage
Responsible for Road Maintenance: City Maintained RoadNot on Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Not Allowed to Raise Horses

Days on Market

Cumulative Days on Market: 116

Property Information

Year Built
Year Built: 2023
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Contemporary
Building
Construction Materials: Stucco, Wood Frame, Painted, StoneNot Attached Property
Property Information
Usage of Home: NoneParcel Number: 31333633

Price & Status

Price
List Price: $845,000Price Per Sqft: $263/sqft
Status Change & Dates
Off Market Date: Tue Feb 24 2026Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: GilbertCommunity: WATERSTON NORTH PHASE 1
School Information
Elementary School: Robert J.C. Rice Elementary SchoolElementary School District: Chandler Unified District #80Jr High / Middle School: Robert J.C. Rice Elementary SchoolHigh School: Perry High SchoolHigh School District: Chandler Unified District #80

Building

Building Details
Builder Name: Tri Pointe Homes
Building Area
Building Area: 3173 Square Feet

Community

Community Features: Lake, Gated, Community Spa, Community Spa Htd, Playground, Biking/Walking Path
Other
Playground

HOA

HOA Fee Includes: Maintenance GroundsHOA Name: WaterstonHOA Phone: 602-437-4777Has an HOAHOA Fee: $165/Monthly

Lot Information

Lot Area: 5968 sqft

Offer

Listing Terms: Cash, Conventional, 1031 Exchange

Energy

Energy Efficiency Features: Multi-Zones

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 6958168

Additional Information

LakeGatedCommunity SpaCommunity Spa HtdPlaygroundBiking/Walking Path
Last check for updates: about 4 hours ago
Listed by Richard Harless, (480) 771-1511
AZ Flat Fee
Kim Leighton, (480) 933-1603
AZ Flat Fee
Bought with: Mike Jung, (480) 371-8550, SK Realty
Source: ARMLS, MLS#6958168
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Price History for 1501 E RAKESTRAW Lane

DatePriceEventSource
03/03/2026$835,000Sold
ARMLS #6958168
01/15/2026$845,000PendingARMLS #6958168
12/16/2025$845,000Listed For SaleARMLS #6958168
12/02/2025$850,000ListingRemovedARMLS #6917096
10/17/2025$850,000PriceChange
ARMLS #6917096
10/01/2025$875,000PriceChange
ARMLS #6917096
09/29/2025$880,000PriceChange
ARMLS #6917096
09/18/2025$910,000PriceChange
ARMLS #6917096
09/09/2025$925,000Listed For SaleARMLS #6917096
07/01/2025$899,000ListingRemovedARMLS #6869897
06/25/2025$899,000PriceChange
ARMLS #6869897
06/05/2025$925,000PriceChange
ARMLS #6869897
05/22/2025$949,999Listed For SaleARMLS #6869897
05/24/2023$758,785Sold
N/A

Market trends in Gilbert

Last updated May 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$572K
$2.17KMoM
Sale-to-List Price
98.8%
0.2%MoM
Price per sq ft
$278
$3MoM
Available listings
1169
13MoM
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Property Tax and Assessment

Year2025
Tax$2,324
Assessment$636,500
Home facts updated by county records

Comparable Sales for 1501 E RAKESTRAW Lane

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
1532 E RAKESTRAW Lane, Gilbert, AZ
0.05
Single-Family Home
$854,000
06/09/26
4
3.5
3,132
1517 E RAKESTRAW Lane, Gilbert, AZ
0.02
Single-Family Home
$789,900
11/26/25
4
3
2,939
1479 E RAKESTRAW Lane, Gilbert, AZ
0.02
Single-Family Home
$900,000
09/26/25
4
4
3,173
5274 S COBBLESTONE Street, Gilbert, AZ
0.18
Single-Family Home
$835,000
02/04/26
4
3.5
3,173
5281 S Red Rock Street, Gilbert, AZ
0.13
Single-Family Home
$725,000
03/02/26
4
3
2,796
1458 E LODGEPOLE Drive, Gilbert, AZ
0.10
Single-Family Home
$831,900
04/09/26
5
3
2,782
1463 E LODGEPOLE Drive, Gilbert, AZ
0.13
Single-Family Home
$840,000
02/27/26
4
2.5
2,364
5439 S RED ROCK Street, Gilbert, AZ
0.15
Single-Family Home
$825,000
01/21/26
5
3
2,782
1411 E CAROB Drive, Gilbert, AZ
0.14
Single-Family Home
$955,000
01/22/26
5
3.5
3,361

Nearby homes

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Assigned Schools

These are the assigned schools for 1501 E RAKESTRAW Lane.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Gilbert

At least 1896 Trulia users voted on each feature.

  • 93 % Say there are sidewalks

  • 93 % Say it's dog friendly

  • 89 % Say car is needed

  • 84 % Say people would walk alone at night

  • 82 % Say parking is easy

  • 81 % Say there's holiday spirit

  • 80 % Say streets are well-lit

  • 78 % Say kids play outside

  • 75 % Say it's quiet

  • 75 % Say yards are well-kept

  • 56 % Say neighbors are friendly

  • 53 % Say they plan to stay for at least 5 years

  • 48 % Say it's walkable to restaurants

  • 47 % Say it's walkable to grocery stores

  • 37 % Say there are community events

  • 28 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • H8t5jwyhdd
    "It’s a great place for kids to make friends and play. It’s safe and walkable with quite a bit to do around and near the neighborhood. "
    0
    Flag
  • Cathinthesun
    "We love Finley Farms so much that after living in FF South for over 10 years, we moved to FF North to be a little closer to the school and so that we could have a bigger property with a pool. We've lived in the newer house for about 15 years. Many of our neighbors have become extended family. "
    0
    Flag
  • Cathinthesun
    "Many people like to walk their dogs on the local sidewalks. There are poop stations along some of the paths."
    0
    Flag
  • Andrew Bruce
    "Early morning commute and traffic usually flows well all the way to work in East Mesa. On occasion traffic infractions happen and traffic will back up rather quickly. "
    0
    Flag
  • Collins Appiah
    "No public transportation. Need to own a car to commute from here to places. Very nice neighborhood and safe "
    0
    Flag
  • Andrew Bruce
    "Gilbert is a great place to live, it is a little more hectic and loud if you live close to the 60 but it isn’t horrible. "
    0
    Flag
  • Dee Peseri
    "No comment Gilbert is a nice community and needs slower mph limits on roads to keep our young community safer"
    0
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  • Ninabrannock
    "We built our house in 1999, before the 202 and the mall. Even though it’s grown, it still seems small town."
    0
    Flag
  • David kesling
    "Lived in this neighborhood for 8 years and love it! Great neighbors and plenty to do close to the neighborhood! "
    0
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  • Yorgabianca
    "Nicest area ive lived in. Very affordable area with nice parks, cute neighborhoods and courteous people"
    0
    Flag
  • Emma Adarlo
    "We have Christmas bazaar,during Christmas season, food bags for the less fortunate, food trucks during spring outdoor movies, etc"
    1
    Flag
  • Shannon Bradshaw
    "You see people walking their dog all the time. People generally pick up after the dogs. I never see dog poop in the neighborhood. "
    0
    Flag
  • Kyley Chesley
    "Many trash cans w/doggie bags around the neighborhoods. Tons of dogs and areas for them to run around off leash as well. "
    0
    Flag
  • Garrets.accord-0f
    "We’ve been here for 9 years and its pretty peaceful and not much traffic noise. You hear the train daily in the distance though its up against the neighborhood and they usually obey by not blowing horn close by. Farmers market is every weekend in downtown Gilbert plus theres plans to build more small retail as most places are restaurants. "
    0
    Flag
  • Collins Appiah
    "We have community bbq, movie nights, games and sports on the community park. There are plenty of side walks that allow people to walk and bike in the neighborhood."
    0
    Flag
  • Tm2ndff27t
    "Pool parties, holiday events & participation. Community yard sales, block parties friendly neighbors "
    0
    Flag
  • 7myk5rsxfq
    "Very nice. Quiet bit close proximity to shopping, restaurants and entertainment. Home values appreciate well in the area "
    0
    Flag
  • Collins Appiah
    "I have lived here for 16 years. I love the community. Very safe and kid friendly. There are restaurants and grocery stores nearby. "
    0
    Flag
  • Collins Appiah
    "Nice neighborhood. No public transportation. Nicely maintained parks. Great place to live.i will live here any time "
    0
    Flag
  • Aud Clouds
    "There’s lots of kids on motorized bikes and small motorcycles in the neighborhood which is fine but some of the kids drive reckless and it can end dangerously for kids and pedestrians. Parents need to teach their kids to be more safety conscious. "
    0
    Flag
  • M.manganaro
    "This is Not a great neighborhood for kids/young families. While there are a few here it is mainly older people, families where the kids just left the nest or are leaving very soon and young professionals/couples with no kids. "
    0
    Flag
  • Katherine Evans
    "The neighborhood is nice and the people seem friendly. There hasn’t been any reason to get out and meet people in the neighborhood like no block parties or anything like that. Most of the yards are kept, but there are a few that look horrible. This is a great starter home area for a young family."
    2
    Flag
  • Molly Hernandez
    "We love our neighborhood! It’s safe and quiet. The community is well maintained and taken care of. "
    0
    Flag
  • Janice Quackenbush
    "This is a great neighborhood. My mother in law and father in law were one of the first families to have a home bully here. It was built in late 1996. My father in law passed away just over a year ago and my husband and I moved here from Las Vegas to take care of my mother in law. We have a few neighbors that have become great friends that also purchased and had their homes built shortly after this home was built. Our new neighbors are wonderful as well and have become more like family than friends/neighbors. "
    1
    Flag
  • Beatrembath
    "Nice neighborhood for (growing) families. Lots of families, parks, pools, walking trails, amenities. "
    0
    Flag
  • Dallas Cagle
    "I love spending time with neighbors and going to fun events. We love long conversations and backyard hang outs. "
    0
    Flag
  • Beautyinaz1
    "I work from home. When I worked in Scottsdale it was an extra 25 minutes for traffic. A total of 50-55 minutes on a typical day commute. "
    0
    Flag
  • Trulia User
    "Not a very friendly neighborhood but livable and with small parks and a public pool. Other than that, I just don’t know. We have no kids"
    0
    Flag
  • Trulia User
    "We have community garage sales, dances, and several Holiday golf cart parades throughout the year . "
    1
    Flag
  • Trulia User
    "Very dog friendly with lots of park space and trails. I don’t see much dog poop in the public spaces. "
    0
    Flag
  • Trulia User
    "very quiet neighborhood and the rent is very good and I will let you know when I get home and I will let you know when I get back."
    0
    Flag
  • Trulia User
    "nicer than expected. everyone is super friendly everybody is polite and waves, they're not overly talkative. the kids are respectful they get out of the road when they see you coming. the HOA puts on community events and they're fun. I truly do like this neighborhood. "
    1
    Flag
  • Trulia User
    "Good walking paths and a lot of dog Owners. Several veterinarian offices nearby. Stands with a supply of refuse bags"
    0
    Flag
  • Trulia User
    "Lived here for over 25 years neighbors are friendly respectful quiet. Homes well maintained. Homes are in a high demand area easy to sell "
    0
    Flag
  • Trulia User
    "Dogs welcome nice dogs access to multiple sidewalks. Lots of pit stops along the way for your dog and yourself "
    0
    Flag
  • Trulia User
    "Too many rentals with random barking dogs constantly! The community property is not kept up. Yards are very small. "
    0
    Flag
  • Trulia User
    "My favorite part about the neighborhood is the access to the bike trail system. It allows me to bike and walk my dog to many places. I’ve lived in Gilbert for over 20 years - This is my second house I’ve purchased in Gilbert & I love this area. "
    0
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  • Trulia User
    "We moved in March 2021 to Gilbert, AZ and so far we like it. People are nice & friendly. What we don’t like is the crazy driving habits on side streets — like freeway driving — it’s risky and you hear accidents on the news each day!!! "
    2
    Flag
  • Trulia User
    "it's a beautiful neighborhood, been here since 2017. I recommend it for families as they have a great pool and water slide center in the neighborhood."
    0
    Flag
  • Trulia User
    "I moved here six months ago from the Bay Area. I like it that it’s quiet, clean & neighbors care about their front yard. "
    2
    Flag

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Homes for sale near 1501 E RAKESTRAW Lane

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Off Market Homes Near 1501 E RAKESTRAW Lane

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