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$1,050,000 Just Listed

  • For Sale
  • Active
  • Single Family
  • 3 Beds
  • 2 Full Baths
  • 0.2 Acres
  • 3 Car Garage
  • Updated 5 hours ago
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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!

Full Property Details for 518 S Lagoon Dr

General

  • Price: $1,050,000
  • HOA FEE: $67/month
  • HOA FEE FREQ.: Semi-Annually
  • Taxes: $3,757 (2025)
  • Status: Active
  • Type: Single Family
  • Source: ARMLS_Arizona_MLS_Phoenix_Area
  • MLS ID: 6987138
  • Updated: 2/25/2026
  • Added to Site: 1 day(s) ago

Interior

  • Interior Features: 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 Shwr & Tub, Tub with Jets
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Wood Burning, Family Room
  • Appliances: Dryer, Washer, Water Softener Owned, Reverse Osmosis, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Oven, Electric Cooktop, Water Purifier
  • Flooring: Carpet, Tile

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 3

Other Rooms

  • Laundry: Inside

Additional Information

  • Pool: Yes
  • Pool Description: Variable Speed Pump, Play Pool, Fenced

Exterior

  • Exterior Features: Rain Gutters

Parking

  • Garage: Yes
  • Garage Spaces: 3
  • Parking Features: Attached Garage, Garage Door Opener, Direct Access, Attch'd Gar Cabinets

Location

  • County: Maricopa
  • Township: 1S
  • Subdivision: The Islands - Windhaven
  • Cross Streets: Elliot and McQueen

Community

  • Association: Yes
  • Assoc. Name: The Islands
  • Assoc. Fees Include: Maintenance Grounds

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Heat Pump, Electric

Utilities

  • Water: City Water

Structural Information

  • Architectural Style: Spanish,
  • Builder: UDC
  • Exterior Const.: Stucco, Wood Frame, Painted
  • Roof: Tile
  • Windows: Solar Screens
  • Sq. Ft. Source: Assessor
  • Year Built: 1986

Manufactured Home

  • Model: The Plaza

Lot Features

  • Property View: Lake
  • Lot Size (Acres): 0.2
  • Lot Size (Sq. Ft.): 8,908
  • Lot Size Source: Assessor
  • Frontage: Asphalt
  • 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 Features

  • Water Front: Yes
  • Water View: Yes

Green Features

  • Energy Efficient: Multi-Zones

Financial Considerations

  • Association Fee: $402
  • Assoc Fee Freq.: Semi-Annually
  • Tax Amount: $3,757
  • Tax Year: 2025
  • Terms: Cash, Conventional

Disclosures and Reports

  • Ownership: Fee Simple
  • Legal Description: WINDHAVEN LOT 1-65 TR A-C
  • Property ID: 302-96-308
  • Range: 5E
  • Section: 14
  • Lot Number: 3

Listed by Keller Williams Realty East Valley

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Listing agents

— 518 S Lagoon Dr —

  • Keller Williams Realty East Valley

  • Keller Williams Realty East Valley

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 518 S Lagoon Dr

School District:Gilbert Unified District
NameGradesDistance
Islands Elementary School
245 South McQueen Road, Gilbert, AZ 85233
PK-60.6 mi
Mesquite High School
500 South McQueen Road, Gilbert, AZ 85233
9-120.6 mi
Mesquite Jr High School
130 West Mesquite Street, Gilbert, AZ 85233
7-81.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 518 S Lagoon Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/25/2026
Listed
$1,050,000
221.26%
MLS
3/05/2012
Sold
$326,840
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 518 S Lagoon Dr

Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,757
4%
$70,150
-2%
2024
$3,597
-1%
$71,370
-3%
2023
$3,616
3%
$73,880
19%
2022
$3,501
—
$62,200
30%
2022
$3,501
-4%
$48,000
6%
2021
$3,639
2%
$45,360
1%
2020
$3,577
9%
$44,820
11%
2019
$3,282
3%
$40,550
7%
2018
$3,173
4%
$37,970
1%
2017
$3,052
-3%
$37,660
-2%
2016
$3,145
10%
$38,410
—
2015
$2,848
-4%
$38,380
30%
2014
$2,967
12%
$29,530
16%
2013
$2,657
—
$25,360
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Keller Williams Realty East Valley

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518 S Lagoon Drive, Gilbert, AZ 85233 (MLS# 6987138) is a Single Family property with 3 bedrooms and 2 full bathrooms. 518 S Lagoon Drive is currently listed for $1,050,000 and was received on February 25, 2026. Want to learn more about 518 S Lagoon Drive? Do you have questions about finding other Single Family real estate for sale in Gilbert? You can browse all Gilbert real estate or contact a Coldwell Banker agent to request more information.

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