518 S LAGOON Drive, Gilbert, AZ 85233
New Listing
$1,050,000
Property Type:
Residential
Bedrooms:
3
Baths:
2
Square Footage:
2,613
Lot Size (sq. ft.):
8,908
Status:
Active
Current Price:
$1,050,000
List Date:
2/25/2026
Last Modified:
2/25/2026
Description
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!
More Information MLS# 6987138
Contract Information
Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No
List Price: $1,050,000
Status: Active
Current Price: $1,050,000
List Date: 2026-02-19
Location, Tax & Legal
Assessor's Map #: 96
Legal Description (Abbrev): WINDHAVEN LOT 1-65 TR A-C
Assessor's Parcel #: 308
Tax Municipality: Gilbert
Taxes: 3757
House Number: 518
Compass: S
Street Name: LAGOON
St Suffix: Drive
City/Town Code: Gilbert
State/Province: AZ
Zip Code: 85233
Zip4: 6738
County Code: Maricopa
Assessor Number: 302-96-308
Subdivision: The Islands - Windhaven
Tax Year: 2025
General Property Description
Dwelling Styles: Detached
# of Interior Levels: 1
Full Bathrooms: 2
Half Bathrooms: 0
Approx SQFT: 2613
Price/SqFt: 401.84
Approx Lot SqFt: 8908
Approx Lot Acres: 0.204
Horses: N
Model: The Plaza
Builder Name: UDC
Elementary School District: Gilbert Unified District
High School District: Gilbert Unified District
Elementary School: Islands Elementary School
Jr. High School: Mesquite Jr High School
High School: Mesquite High School
Community Pool Y/N: No
Private Pool Y/N: Yes
Planned Comm Name: The Islands
Fireplace YN: Yes
Fireplaces Total: 1
Marketing Name: The Islands
Dwelling Type: Single Family Residence
Exterior Stories: 1
# Bedrooms: 3
Total Bathrooms: 2
Year Built: 1986
Legal Info
Range: 5E
Section: 14
Township: 1S
Lot Number: 3
Special Listing Cond
N/A: 1
Construction
Wood Frame: 1
Const - Finish
Painted: 1
Stucco: 1
Roofing
Tile: 1
Pmt & Rate Info
Down Payment: 0
Total Asum Mnth Pmts: 0
Association & Fees
HOA Y/N: Y
HOA Disclosure/Addendum Affirmation: Yes
HOA Transfer Fee: 155
HOA Fee: 401.81
HOA Paid Frequency: Semi-Annually
HOA Name: The Islands
HOA Telephone: 480-545-7740
HOA Management Company: First Service Resid'
HOA Management Phone: 480-551-4300
Special Assessment HOA: No
HOA 2 Y/N: N
PAD Fee Y/N: N
PAD Fee: 0
Cap Improvement/Impact Fee: 2254.6
Cap Improvement/Impact Fee $/%: $
Prepaid Association Fees HOA: 0
Disclosure Fees HOA: 245
Other Fees HOA: 0
Land Lease Fee Y/N: N
Land Lease Fee: 0
Rec Center Fee Y/N: N
Ttl Mthly Fee Equiv: 66.97
Showing Notification Methods
Showing Service: Aligned Showings
Lockbox Type
Supra: 1
Architecture
Spanish: 1
Master Bathroom
Full Bth Master Bdrm: 1
Separate Shwr & Tub: 1
Double Vanity: 1
Private Toilet Room: 1
Tub with Jets: 1
Master Bedroom
Downstairs: 1
Not Split: 1
Additional Bedroom
Separate Bedroom Exit: 1
Master Bedroom Walk-in Closet: 1
Fireplace Features
Wood Burning: 1
Fireplace Family Rm: 1
Flooring
Carpet: 1
Tile: 1
Window Features
Solar Screens: 1
Private Pool Features
Fenced: 1
Play Pool: 1
Variable Speed Pump: 1
Community Features
Biking/Walking Path: 1
Children's Playgrnd: 1
Clubhouse/Rec Room: 1
Lake: 1
Dining Area
Formal: 1
Eat-in Kitchen: 1
Heating
Heat Pump: 1
Electric: 1
View
Lake: 1
Kitchen Features
Dishwasher: 1
Disposal: 1
Electric Oven: 1
Kitchen Island: 1
Built-in Microwave: 1
Pantry: 1
Refrigerator: 1
Reverse Osmosis: 1
Electric Cooktop: 1
Granite Counters: 1
Quartz Countertops: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Interior Features
Vaulted Ceiling(s): 1
Wet Bar: 1
No Interior Steps: 1
Water Softener Owned: 1
Water Purifier: 1
Laundry
Washer Included: 1
Dryer Included: 1
Inside: 1
Basement
Basement Y/N: N
Other Rooms
Family Room: 1
Separate Den/Office
Sep Den/Office Y/N: Y
Road Access Type
City Street: 1
Road Surface Type
Asphalt: 1
Road Responsibility
City Maintained Road: 1
Technology
Cable TV Avail: 1
High Speed Internet: 1
Fencing
Block: 1
Wrought Iron: 1
Water Source
City Water: 1
Exterior Features
Covered Patio(s): 1
Patio: 1
Rain Gutters: 1
Spa
None: 1
Sewer
Sewer - Public: 1
Parking Spaces
Slab Parking Spaces: 3
Total Covered Spaces: 3
Garage Spaces: 3
Parking Features
Attch'd Gar Cabinets: 1
Attached Garage: 1
Direct Access: 1
Garage Door Opener: 1
Foundation Details
Slab: 1
New Financing
Cash: 1
Conventional: 1
Energy/Green Feature
Multi-Zones: 1
Plumbing
Electric Hot Wtr Htr: 1
Utilities
SRP: 1
Existing 1st Loan
Treat as Free&Clear: 1
Property Description
Waterfront Lot: 1
East/West Exposure: 1
Landscaping
Desert Front: 1
Synthetic Grass Back: 1
Yrd Wtring Sys Front: 1
Yrd Wtring Sys Back: 1
Auto Timer H2O Front: 1
Auto Timer H2O Back: 1
Services
City Services: 1
Items Updated
Floor Yr Updated: 2014
Floor Partial/Full: Partial
Wiring Yr Updated: 2014
Wiring Partial/Full: Partial
Plmbg Yr Updated: 2014
Plmbg Partial/Full: Partial
Ht/Cool Yr Updated: 2021
Ht/Cool Partial/Full: Full
Roof Yr Updated: 2015
Roof Partial/Full: Full
Kitchen Yr Updated: 2014
Kitchen Partial/Full: Full
Bath(s) Yr Updated: 2014
Bath(s) Partial/Full: Full
Unit Style
All on One Level: 1
Disclosures
Seller Discl Avail: 1
Possession
Close of Escrow: 1
Association Fee Incl
Common Area Maint: 1
Assoc Rules/Info
Pets OK (See Rmrks): 1
No Visible Truck Trailer RV Boat: 1
Clubhouse: 1
Prof Managed: 1
Remarks Misc
Cross Street: Elliot and McQueen
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.
Geo Lat: 33.340327
Geo Lon: -111.814381
Property Features
Special Listing Cond: N/A
Architecture: Spanish
View: Lake
Master Bathroom: Full Bth Master Bdrm; Separate Shwr & Tub; Double Vanity; Private Toilet Room; Tub with Jets
Master Bedroom: Downstairs; Not Split
Additional Bedroom: Separate Bedroom Exit; Master Bedroom Walk-in Closet
Fireplace Features: Wood Burning; Fireplace Family Rm
Flooring: Carpet; Tile
Window Features: Solar Screens
Private Pool Features: Fenced; Play Pool; Variable Speed Pump
Spa: None
Community Features: Biking/Walking Path; Children's Playgrnd; Clubhouse/Rec Room; Lake
Dining Area: Formal; Eat-in Kitchen
Kitchen Features: Electric Oven; Electric Cooktop; Disposal; Dishwasher; Built-in Microwave; Refrigerator; Reverse Osmosis; Pantry; Granite Counters; Quartz Countertops; Kitchen Island
Laundry: Washer Included; Dryer Included; Inside
Foundation Details: Slab
Other Rooms: Family Room
Interior Features: Vaulted Ceiling(s); Wet Bar; No Interior Steps; Water Softener Owned; Water Purifier
Technology: Cable TV Avail; High Speed Internet
Exterior Features: Covered Patio(s); Patio; Rain Gutters
Parking Features: Attached Garage; Attch'd Gar Cabinets; Direct Access; Garage Door Opener
Road Access Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile
Cooling: Central Air; Ceiling Fan(s)
Heating: Heat Pump; Electric
Plumbing: Electric Hot Wtr Htr
Utilities: SRP
Water Source: City Water
Sewer: Sewer - Public
Services: City Services
Fencing: Wrought Iron; Block
Property Description: Waterfront Lot; East/West Exposure
Landscaping: Desert Front; Synthetic Grass Back; Yrd Wtring Sys Front; Yrd Wtring Sys Back; Auto Timer H2O Front; Auto Timer H2O Back
Lockbox Type: Supra
Possession: Close of Escrow
Unit Style: All on One Level
Association Fee Incl: Common Area Maint
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional
Disclosures: Seller Discl Avail
Listing Office:
Keller Williams Realty East Valley
Last Updated: February - 25 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
