518 S LAGOON Drive, Gilbert, AZ 85233 (MLS# 6987138)

518 S LAGOON Drive, Gilbert, AZ 85233

$1,050,000

Waterfront 3B + office, 2B, 3-car garage

Event: Holiday Boat Parades on each Lake

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: 3/26/2026

Overview

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!

Listing Details MLS# 6987138

Location, Tax & Legal

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
Assessor's Map #: 96
Legal Description (Abbrev): WINDHAVEN LOT 1-65 TR A-C
Assessor's Parcel #: 308
Tax Municipality: Gilbert
Taxes: 3757

Contract Information

Type: Exclusive Right To Sell
Ownership: Fee Simple
Co-Ownership (Fractional) Agreement YN: No

General Property Description

Dwelling Type: Single Family Residence
Dwelling Styles: Detached
Exterior Stories: Yes
# of Interior Levels: Yes
# Bedrooms: 3
Full Bathrooms: 2
Total Bathrooms: 2
Approx SQFT: 2613
Price/SqFt: 401.84
Horses: N
Model: The Plaza
Builder Name: UDC
Year Built: 1986
Approx Lot SqFt: 8908
Approx Lot Acres: 0.204
Community Pool Y/N: No
Private Pool Y/N: Yes
Fireplace YN: Yes
Fireplaces Total: Yes
Planned Comm Name: The Islands
Marketing Name: The Islands
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
Half Bathrooms: 0

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.

Legal Info

Township: 1S
Range: 5E
Section: 14
Lot Number: 3

Basement

Basement Y/N: N

More Information

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

Parking Spaces

Garage Spaces: 3
Slab Parking Spaces: 3
Total Covered Spaces: 3

Showing Notification Methods

Showing Service: Aligned Showings

Special Listing Cond

N/A: Yes

Construction

Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Tile: Yes

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

Lockbox Type

Supra: Yes

Architecture

Spanish: Yes

Master Bathroom

Full Bth Master Bdrm: Yes
Separate Shwr & Tub: Yes
Double Vanity: Yes
Private Toilet Room: Yes
Tub with Jets: Yes

Master Bedroom

Downstairs: Yes
Not Split: Yes

Additional Bedroom

Separate Bedroom Exit: Yes
Master Bedroom Walk-in Closet: Yes

Fireplace Features

Wood Burning: Yes
Fireplace Family Rm: Yes

Flooring

Carpet: Yes
Tile: Yes

Window Features

Solar Screens: Yes

Private Pool Features

Fenced: Yes
Play Pool: Yes
Variable Speed Pump: Yes

Community Features

Biking/Walking Path: Yes
Children's Playgrnd: Yes
Clubhouse/Rec Room: Yes
Lake: Yes

Dining Area

Formal: Yes
Eat-in Kitchen: Yes

Heating

Heat Pump: Yes
Electric: Yes

View

Lake: Yes

Kitchen Features

Dishwasher: Yes
Disposal: Yes
Electric Oven: Yes
Kitchen Island: Yes
Built-in Microwave: Yes
Pantry: Yes
Refrigerator: Yes
Reverse Osmosis: Yes
Electric Cooktop: Yes
Granite Counters: Yes
Quartz Countertops: Yes

Cooling

Ceiling Fan(s): Yes
Central Air: Yes

Interior Features

Vaulted Ceiling(s): Yes
Wet Bar: Yes
No Interior Steps: Yes
Water Softener Owned: Yes
Water Purifier: Yes

Laundry

Washer Included: Yes
Dryer Included: Yes
Inside: Yes

Other Rooms

Family Room: Yes

Separate Den/Office

Sep Den/Office Y/N: Y

Road Access Type

City Street: Yes

Road Surface Type

Asphalt: Yes

Road Responsibility

City Maintained Road: Yes

Technology

Cable TV Avail: Yes
High Speed Internet: Yes

Fencing

Block: Yes
Wrought Iron: Yes

Water Source

City Water: Yes

Exterior Features

Covered Patio(s): Yes
Patio: Yes
Rain Gutters: Yes

Spa

None: Yes

Sewer

Sewer - Public: Yes

Parking Features

Attch'd Gar Cabinets: Yes
Attached Garage: Yes
Direct Access: Yes
Garage Door Opener: Yes

Foundation Details

Slab: Yes

New Financing

Cash: Yes
Conventional: Yes

Energy/Green Feature

Multi-Zones: Yes

Plumbing

Electric Hot Wtr Htr: Yes

Utilities

SRP: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Property Description

Waterfront Lot: Yes
East/West Exposure: Yes

Landscaping

Desert Front: Yes
Synthetic Grass Back: Yes
Yrd Wtring Sys Front: Yes
Yrd Wtring Sys Back: Yes
Auto Timer H2O Front: Yes
Auto Timer H2O Back: Yes

Services

City Services: Yes

Unit Style

All on One Level: Yes

Disclosures

Seller Discl Avail: Yes

Possession

Close of Escrow: Yes

Association Fee Incl

Common Area Maint: Yes

Assoc Rules/Info

Pets OK (See Rmrks): Yes
No Visible Truck Trailer RV Boat: Yes
Clubhouse: Yes
Prof Managed: Yes

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: March - 26 - 2026