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

$1,050,000
518 S LAGOON Drive
Gilbert, AZ 85233
MLS# 6987138
3 beds  |  2 baths
Gorgeous Backyard w pool and baja shelf
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Gorgeous Backyard w pool and baja shelf Waterfront! 3 bed + office Remodeled Kitchen w SS appliances FR overlooking backyard w fireplace Wonderful Shade Structure Relaxing Pool w Water Feature Stone Path Front Entry 3-car garage Natural Arizona Landscaping Large Foyer & Living Room Shutters on Windows LR, Entry and French Doors to Office Spacious Front Office French Doors Living Room to DR and FR Spacious Dining Room Family Room Bright and Open Spaces FR open to Kitchen Wood FP, Views to lake Vaulted Ceilings Huge Island Kitchen to FR Remodeled Kitchen w lots of cabinets Granite on Island, Quartz by sink Check out Storage space Great for Entertaining Eat-in Kitchen Perfect Nook for Dining Built in Buffet by table View from Bar area to bedrooms/baths Primary Bedroom w shutters Door To backyard from Primary Remodeled Primary Bath Large Tile & Glass Shower Deep Soaking Tub w Jets Primary Shower Large Primary Closet 2nd Bedroom w Built-in Shelving Guest Bathroom Guest Bathroom 3rd Bedroom Laundry off Garage Entrance Spacious backyard w putting green Huge Covered Patio plus awning for shade Enjoy Sunsets in Backyard Lakefront living at its best Backyard -- Entertaining or relaxing Gorgeous Pool Shade Structure Views of lake throughout Enjoy Waterfront living in The Islands Relax, Cool off in Pool Putting Green Vegetable Garden Vegetable Garden and Tangelo Tree Path to Dock View from Lake towards house The Islands Community Center Fountain by Elliot 3 Lakes in The Islands Dock at the Community Park Ramadas at Community Park Bocce Ball Court Basketball Court Children's Playground at Community Park Fountain By Elliot Event: Cool Car show Event: Holiday Boat Parades on each Lake Enjoy Sunsets and Lakes in The Islands
Open House (02/28/2026 - 11:00 am - 1:00 pm)

Property 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!

Details
Maps
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
IDX
Listing Office: Keller Williams Realty East Valley

Last Updated: February - 26 - 2026

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