HUGE PRICE IMPROVEMENT!!! This custom estate sits on a full acre with horse privileges and flood irrigation, offering rare space, flexibility, and long-term value. Spanning approximately 5,000 square feet, the home features a full basement, including a dedicated theater room--perfect for entertainment or multi-generational living. Inside, vaulted tongue-and-groove ceilings create warmth and architectural character. The custom kitchen is designed for both function and style, with high-end finishes, ample cabinetry, and generous prep space. Bathrooms are thoughtfully upgraded with quality materials and craftsmanship. Outdoors, the expansive lot provides room for equestrian use, RV parking, additional structures, or a private resort-style backyard. With irrigation rights, maintaining lush landscaping or a personal orchard is both practical and cost-effective. This property combines luxury, land, and lifestyle--ideal for buyers seeking a custom home, horse property, acreage, and basement living in Gilbert, Arizona.