$1,500,000
Gilbert, AZ 85298
MLS# 7003517
6 beds | 4 baths
1 / 2
Property Description
Rare Multi-Generational or Income Opportunity on Irrigated Acre in Greenfield Acres. Total livable space of approximately 3,300 sq ft includes a 2,004 sq ft main residence plus a fully independent 1,296 sq ft guest house--offering a rare multi-generational or income opportunity on a flood-irrigated acre in the highly sought-after Greenfield Acres community. The guest house is a true second residence with 2 bedrooms, 2 bathrooms, full kitchen, living area, private laundry, 2-car garage, separate driveway, and private entrance. The main home offers 4 bedrooms, 2 bathrooms, vaulted ceilings, good natural light, an open layout, and a fireplace anchoring the main living space. The garage includes a 2-car door with extended 3-car bay depth and epoxy flooring.
Details
Maps
Contract Information
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
List Price: $1,500,000
Status: Active
Current Price: $1,500,000
List Date: 2026-03-25
Location, Tax & Legal
Assessor's Map #: 79
Legal Description (Abbrev): LOT 29 GREENFIELD ACRES MCR 046315
Assessor's Parcel #: 48
Tax Municipality: Gilbert
Taxes: 3770
House Number: 2593
Compass: E
Street Name: RIDGEWOOD
St Suffix: Lane
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85298
Zip4: 2063
County Code: Maricopa
Assessor Number: 304-79-048
Subdivision: GREENFIELD ACRES
Tax Year: 2025
General Property Description
Dwelling Styles: Detached
# of Interior Levels: 1
Full Bathrooms: 4
Half Bathrooms: 0
Approx SQFT: 3300
Price/SqFt: 454.55
Approx Lot SqFt: 46435
Approx Lot Acres: 1.066
Guest House SqFt: 1296
Horses: Y
Builder Name: Custom
Elementary School District: Chandler Unified District #80
High School District: Chandler Unified District #80
Elementary School: Charlotte Patterson Elementary
Jr. High School: Bogle Junior High School
High School: Basha High School
Community Pool Y/N: No
Private Pool Y/N: No
Planned Comm Name: Greenfield Acres
Fireplace YN: Yes
Fireplaces Total: 1
Marketing Name: Greenfield Acres
Dwelling Type: Single Family Residence
Exterior Stories: 1
# Bedrooms: 6
Total Bathrooms: 4
Year Built: 1999
Legal Info
Range: 6E
Section: 27
Township: 2S
Lot Number: 29
Special Listing Cond
N/A: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Roofing
Tile: 1
Association & Fees
HOA Y/N: Y
HOA Disclosure/Addendum Affirmation: Yes
HOA Transfer Fee: 185.5
HOA Fee: 150
HOA Paid Frequency: Quarterly
HOA Name: Greenfield Acres
HOA Telephone: 480-820-1519
Special Assessment HOA: No
HOA 2 Y/N: N
PAD Fee Y/N: N
Cap Improvement/Impact Fee: 0
Cap Improvement/Impact Fee $/%: $
Prepaid Association Fees HOA: 150
Disclosure Fees HOA: 0
Other Fees HOA: 0
Com Facilities Distr: N
Land Lease Fee Y/N: N
Rec Center Fee Y/N: N
Ttl Mthly Fee Equiv: 50
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Architecture
Ranch: 1
Master Bathroom
Full Bth Master Bdrm: 1
Separate Shwr & Tub: 1
Double Vanity: 1
Private Toilet Room: 1
Master Bedroom
Split: 1
Additional Bedroom
Separate Bedroom Exit: 1
Master Bedroom Walk-in Closet: 1
Add'l Property Use
Res/Business Use Ok: 1
Fireplace Features
Wood Burning: 1
Fireplace Living Rm: 1
Flooring
Carpet: 1
Tile: 1
Dining Area
Dining in LR/GR: 1
Heating
Electric: 1
Kitchen Features
Dishwasher: 1
Electric Range: 1
Non-laminate Counter: 1
Refrigerator: 1
Walk-in Pantry: 1
Cooling
Central Air: 1
Interior Features
Vaulted Ceiling(s): 1
No Interior Steps: 1
Laundry
Washer Included: 1
Dryer Included: 1
Inside: 1
Basement
Basement Y/N: N
Other Rooms
Great Room: 1
Guest Qtrs-Sep Entrn: 1
Separate Den/Office
Sep Den/Office Y/N: N
Road Surface Type
Asphalt: 1
Paved: 1
Road Responsibility
City Maintained Road: 1
Fencing
Block: 1
Water Source
City Water: 1
Exterior Features
Separate Guest House: 1
Covered Patio(s): 1
Patio: 1
Spa
None: 1
Sewer
Septic Tank: 1
Septic-In & Connected: 1
Parking Spaces
Slab Parking Spaces: 8
Total Covered Spaces: 4
Garage Spaces: 4
Parking Features
RV Gate: 1
Attached Garage: 1
Extended Length Garage: 1
RV Access/Parking: 1
Irrigation
Flood: 1
Foundation Details
Slab: 1
New Financing
Cash: 1
VA: 1
Conventional: 1
FHA: 1
Plumbing
Electric Hot Wtr Htr: 1
Utilities
SRP: 1
Existing 1st Loan
Treat as Free&Clear: 1
Property Description
Corner Lot: 1
North/South Exposure: 1
Landscaping
Grass Front: 1
Grass Back: 1
Irrigation Back: 1
Services
City Services: 1
Horse Features
See Remarks: 1
Items Updated
Floor Yr Updated: 2024
Floor Partial/Full: Partial
Ht/Cool Yr Updated: 2024
Ht/Cool Partial/Full: Partial
Unit Style
All on One Level: 1
Disclosures
Seller Discl Avail: 1
Agency Discl Req: 1
Possession
Close of Escrow: 1
Association Fee Incl
Other (See Remarks): 1
Assoc Rules/Info
Pets OK (See Rmrks): 1
Rental OK (See Rmks): 1
Prof Managed: 1
Remarks Misc
Cross Street: Higley Rd. & Chandler Heights Rd.
Directions: West on Chandler Heights Rd., South on 162nd St., Property is located on the Southwest corner of 162nd St and Ridgewood Ln. Main house entrance and driveway faces Ridgewood.
Geo Lat: 33.230593
Geo Lon: -111.734057
Property Features
Special Listing Cond: N/A
Add'l Property Use: Res/Business Use Ok
Architecture: Ranch
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Private Toilet Room
Master Bedroom: Split
Additional Bedroom: Separate Bedroom Exit; Master Bedroom Walk-in Closet
Fireplace Features: Wood Burning; Fireplace Living Rm
Flooring: Carpet; Tile
Spa: None
Dining Area: Dining in LR/GR
Kitchen Features: Electric Range; Dishwasher; Refrigerator; Walk-in Pantry; Non-laminate Counter
Laundry: Washer Included; Dryer Included; Inside
Foundation Details: Slab
Other Rooms: Great Room; Guest Qtrs-Sep Entrn
Interior Features: Vaulted Ceiling(s); No Interior Steps
Exterior Features: Covered Patio(s); Patio; Separate Guest House
Parking Features: Attached Garage; Extended Length Garage; RV Access/Parking; RV Gate
Road Surface Type: Asphalt; Paved
Road Responsibility: City Maintained Road
Construction: Wood Frame
Const - Finish: Stucco
Roofing: Tile
Cooling: Central Air
Heating: Electric
Plumbing: Electric Hot Wtr Htr
Utilities: SRP
Water Source: City Water
Irrigation: Flood
Sewer: Septic Tank; Septic-In & Connected
Services: City Services
Fencing: Block
Property Description: Corner Lot; North/South Exposure
Landscaping: Grass Front; Grass Back; Irrigation Back
Horse Features: See Remarks
Lockbox Type: Supra
Possession: Close of Escrow
Unit Style: All on One Level
Association Fee Incl: Other (See Remarks)
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; VA; FHA; Conventional
Disclosures: Seller Discl Avail; Agency Discl Req
Supplements
Exterior paint, carpet, HVAC system, and water heater have all been updated within the past two years.
Situated on a corner lot with separate street access for each residence, the property offers privacy and flexibility for a variety of living arrangements. The acre lot is fully flood irrigated with horse privileges, RV gate access, and room to build a pool, RV garage, or additional improvements.
Under current Arizona law, properties of this size may allow for up to three total units (main home, attached ADU, and detached ADU), offering long-term flexibility.
Located in the desirable Greenfield Acres neighborhood, known for its mature tree-lined streets, irrigated lots, and custom homes in a prime Gilbert location. The original owners have maintained the property since it was built and have hosted the annual neighborhood car show for over a decade.
A unique opportunity to own a property with multiple living options and the ability to update or expand to fit your needs.
Additional photos of both residences and property details will be uploaded soon.
Listing Office: Real Estate Professionals, LLC
Last Updated: March - 25 - 2026
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