The Islands, Gilbert, AZ, Real Estate

The Islands in Gilbert, Arizona, is a distinctive master-planned community centered around three man-made lakes spanning 80 acres, offering a unique waterfront lifestyle in the heart of the Sonoran Desert. Located near the intersection of Cooper Road and Warner Road, this neighborhood blends suburban charm with resort-style living, featuring a mix of single-family homes, townhouses, and apartments, many with lakefront views or private docks. Residents enjoy a variety of amenities, including Islands Community Park with its basketball and sand volleyball courts, playground, and community dock, as well as 30 acres of lush green spaces for picnics and recreation. The community is split between the Gilbert Public Schools district in the north and the Chandler Unified School District in the south, with Islands Elementary School conveniently located within the neighborhood. Just minutes from downtown Gilbert’s Heritage District and Chandler’s shopping and dining options, The Islands provides a serene yet connected lifestyle, enhanced by community events like movies in the park and a low HOA fee that maintains its well-kept aesthetic.

The Islands currently has 30 single family homes for sale with an average list price of $729,372.40 and 8 townhouses for sale with an average list price of $505,187.13. The average annual property tax for The Islands is $2,396.15.

Current Homes for Sale

Schools

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What's Hot & What Not

Absorption Report Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in The Islands, i.e. what's hot and what's not.

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Recent Sales

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Subdivisions

Subdivisions Median Price
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Artemina at The Islands

Artemina at The Islands is a single-family home community in The Islands neighborhood of Gilbert, Arizona, built between 2001 and 2004. It currently has 2 single family homes for sale with an average list price of $770,000. The homes range in size from 1,215 ft2 to 4,317 ft2. The HOA fees range from $85 to $133 per month. The average annual property tax for Artemina at The Islands is $3,400.93. It is located in Maricopa County. ... Read more
Median Price: $749,000
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Bayview 2 at The Islands

Bayview 2 at The Islands is a single-family home community in The Islands neighborhood of Gilbert, Arizona, built between 1987 and 1993. It currently has no homes for sale. The homes range in size from 1,812 ft2 to 2,836 ft2. The HOA fees range from $53 to $71 per month. The average annual property tax for Bayview 2 at The Islands is $2,257. It is located in Maricopa County. ... Read more
Median Price: $640,000
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Bayview at The Islands

Bayview at The Islands is a single-family home community in The Islands neighborhood of Gilbert, Arizona, built between 1986 and 1989. It currently has 1 single family home for sale with a list price of $750,000. The homes range in size from 1,846 ft2 to 2,960 ft2. The HOA fees range from $52 to $122 per month. The average annual property tax for Bayview at The Islands is $2,293.64. It is located in Maricopa County. ... Read more
Median Price: $663,000
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Catalina Bay at The Islands

Catalina Bay at The Islands is a single-family home community in The Islands neighborhood of Gilbert, Arizona, built between 1992 and 1994. It currently has 7 single family homes for sale with an average list price of $1,021,285.71. The homes range in size from 2,104 ft2 to 4,250 ft2. The HOA fees range from $52 to $155 per month. The average annual property tax for Catalina Bay at The Islands is $3,630.89. It is located in Maricopa County. ... Read more
Median Price: $825,000
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Charter Point at The Islands

Charter Point at The Islands is a single-family home community in The Islands neighborhood of Gilbert, Arizona, built between 1988 and 1990. It currently has no homes for sale. The homes range in size from 1,566 ft2 to 2,496 ft2. The HOA fees range from $43 to $58 per month. The average annual property tax for Charter Point at The Islands is $1,795.11. It is located in Maricopa County. ... Read more
Median Price: $477,500
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Subdivisions

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Market Trends

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Real Estate News

New Homes For Sale This Week in The Islands: January 16th to January 22nd

New Homes For Sale This Week in The Islands: January 16th to January 22nd - January 23, 2026

The Islands had only 1 new home for sale during the week of Friday, January 16 to Thursday, January 22, including and it was a single family home for sale ... continue reading
Homes Just Sold in The Islands: January 13th to January 19th

Homes Just Sold in The Islands: January 13th to January 19th - January 20, 2026

The Islands had 2 sales during the week of Tuesday, January 13 to Monday, January 19, including including 2 single family homes for sale with an average list price of ... continue reading
New Homes For Sale This Week in The Islands: January 9th to January 15th

New Homes For Sale This Week in The Islands: January 9th to January 15th - January 16, 2026

The Islands had only 1 new home for sale during the week of Friday, January 9 to Thursday, January 15, including and it was a townhouse for sale with a ... continue reading
Homes Just Sold in The Islands: January 6th to January 12th

Homes Just Sold in The Islands: January 6th to January 12th - January 13, 2026

The Islands had 3 sales during the week of Tuesday, January 6 to Monday, January 12, including including 3 single family homes for sale with an average list price of ... continue reading
New Homes with Master Bedrooms on the 1st Floor in The Islands: January 3rd to January 9th

New Homes with Master Bedrooms on the 1st Floor in The Islands: January 3rd to January 9th - January 10, 2026

The Islands had only 1 new home for sale with a master bedroom on the first floor during the month of Saturday, January 3 to Friday, January 9, and ... continue reading
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