518 S LAGOON Drive Gilbert, AZ $ 1,050,000
518 S LAGOON Drive
$ 1,050,000
Recently Listed
Open House 2/28 11am - 1pm
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518 S LAGOON Drive

Gilbert, AZ, 85233
$ 1,050,000
Bedrooms3 Baths2.0 Sq 2,613

Monthly Estimate*

$ 6,465

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Single Family Home for sale in Gilbert, AZ

for $1,050,000 with 3 bedrooms and 2 full baths. This 2,613 square foot home was built in 1986 on a lot size of 0.2.

Lake Living at its Finest! Fish or boat from dock! Watch amazing sunsets from backyard! Or relax on the Baja shelf in your sparkling pool. This updated 1-story home is located in Gilbert's sought after ''The Islands'' lake community! Sellers invested over $250k in renovations over the years. Home features 3 beds, + office w double doors, separate living room & dining room. Cozy family room w fireplace open to remodeled kitchen w granite & quartz counters. Large primary bedroom w amazing ensuite. Step outside to spacious covered patio, pool and putting green. Desert landscaping front. ''The Islands'' offers community park w playgrounds, running track & sports courts and several events throughout the year: Concerts in the park, Holiday boat parades, Cool car show, and so much more!

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Open House

2/28/2026 11:00 AM - 1:00 PM
518 S LAGOON Drive Gilbert, AZ
* Some states or local ordinances may prohibit Open Houses at this time, please confirm with your Weichert agent or local rep to confirm

Single Family Active

Price

$ 1,050,000

Bedrooms

3

Full Bath

2

Property Type

Single Family

Taxes

$ 3,757

Style

Spanish

Lot Size

0.2

Year Built

1986

Town/City

Gilbert

County/Region

Maricopa

MLS | Web ID

6987138

Features
Interior
Interior Amenities Quartz Countertops High Speed Internet Granite Counters Double Vanity Master Downstairs Eat-in Kitchen No Interior Steps Vaulted Ceiling(s) Wet Bar Kitchen Island Pantry Full Bth Master Bdrm Separate
Flooring Carpet Tile
Fireplace Features Wood Burning Family Room
Total Stories 1
Air Conditioning Y/N Y
Heating Y/N Y
Window Features Solar Screens
Fireplace Y/N Y
Laundry Features Inside
Total Bedrooms 3
Total Baths 2
Bedrooms Possible 4
Built-in Microwave True
Kitchen Island True
Pantry True
Reverse Osmosis True
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Exterior
Model The Plaza
Exterior Amenities Rain Gutters
Fencing Block Wrought Iron
Parking Features Attached Garage Garage Door Opener Direct Access Attch'd Gar Cabinets
Lot Features East/West Exposure Waterfront Lot Sprinklers In Rear Sprinklers In Front Desert Front Synthetic Grass Back Auto Timer H2O Front Auto Timer H2O Back
Water Source City Water
Lot Size Area 8908.0
Spa N
Lot Size Acres 0.2
Road Surface Type Asphalt
Lot Size Source Assessor
Waterfront Y/N Y
Covered Spaces 3.0
Crops Included Y/N N
Road Responsibility City Maintained Road
Horse Y/N N
Irrigation Water Rights Y/N N
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General
Sewer Public Sewer
Heating Heat Pump Electric
Cooling Central Air Ceiling Fan(s)
Utilities SRP
Possession Close Of Escrow
Roof Tile
HOA Fee 401.81
Garage Spaces 3.0
Association Fee Includes Maintenance Grounds
Architectural Style Spanish
Pool Features Variable Speed Pump Play Pool Fenced
Construction Materials Stucco Wood Frame Painted
Year Built 1986
View Lake
Township 1S
Property Subtype Single Family Residence
Tax Year 2025
Ownership Fee Simple
Community Features Lake Playground Biking/Walking Path
Assoc Fee Paid Per Semi-Annually
County Maricopa
New Construction N
Property Type Residential
HOA Y
Attached Garage N
Energy Efficient Multi-Zones
Subdivision Name The Islands - Windhaven
Total Rooms 0
Special Listing Conditions N/A
Status Active
Directions From McQueen and Elliot - go East on Elliot South (right) onto S. Islands Dr. LEFT at the Fountain onto S. Islands Dr. East. RIGHT onto Lagoon Dr.
High School Mesquite High School
City Gilbert
Disclosures Seller Discl Avail
Land Lease Amount 0.0
Association Name The Islands
High School District Gilbert Unified District
Open Parking Spaces 3.0
Lot Size Units Square Feet
Lot Size Square Feet 8908.0
Carport Spaces 0.0
Carport Y/N N
Spa Features None
Elementary School Islands Elementary School
Property Attached Y/N N
Land Lease Y/N N
Tax Annual Amount 3757.0
Home Warranty Y/N N
Middle/Junior High School Mesquite Jr High School
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Builder Name UDC
Standard Status Active
Occupancy Type Owner
Elementary School District Gilbert Unified District
Tax Lot 3
New Financing: Conventional True
Senior Community N
Ttl Monthly Fee Equiv 66.97
New Financing Cash True
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Internal Only
Street Number 1 518
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* Excluded Features
List By
Keller Williams Realty East Valley

Broker

Lorraine@MollerHomeTeam.com

Email

Affordability Calculator

$6,778
Per Month
95%
5%
0%
Monthly Principal & Interest
$6,465
Monthly Property Taxes
$313
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327291 Elementary School
4327075 Middle School
Mesquite High School High School
Pricing History
DatePricePrice ChangeDescription
2/26/2026$1,050,000 Listed Price

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518 S LAGOON Drive, Gilbert, AZ, 85233 is a Single Family Home for sale at $1,050,000 with 2,613 sqft and a lot size of 0.2. 518 S LAGOON Drive has 3 bedrooms, 2.0 baths, and was built in 1986. The property's zip code is 85233 which is in Gilbert, AZ