Don't miss this former UDC model home on the water in the desirable Lago Estancia community in the heart of Gilbert! This stunning 4-bedroom, 3-bathroom home, with a versatile downstairs den that can serve as a 5th bedroom or office, sits on a large lot featuring a beautiful pool with a waterfall and an elevated pad perfect for patio furniture or a BBQ setup. The master suite offers breathtaking lagoon views from its private balcony, a full bath with a separate tub and shower, and his-and-her closets. The lower-level bedroom is ideal as a home office, complete with built-in cabinetry. Additional features include cozy gas fireplace in the family room, updated triple-pane argon gas windows, cabinets, counters, whole house filter, and PEX plumbing. Enjoy relaxing waterfront living with unique waterside walking paths while being just minutes from Downtown Gilbert, SanTan Village's shopping and dining, and only 20 miles from Phoenix Sky Harbor Airport. This home offers the perfect blend of luxury, convenience, and beautiful views, right on the water! A+ Schools, public and charter in all directions.