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About This Home

This 3-bedroom, 2-bathroom single family at 518 S LAGOON Drive in Gilbert, AZ is listed for $1,035,000 ($396 per sqft). Built in 1986, the home offers 2,613 sqft of living space on a 0.20 acres lot.

Agent Description

1 Story, updated, waterfront home in The Islands. Beautiful remodeled kitchen & baths. Sparkling pool w waterfall & Baja shelf. Home features 3 beds + office (or convert to 4th bed). Spacious LR & DR room. Cozy family room w fireplace open to kitchen w views to backyard paradise.

Primary bedroom has gorgeous ensuite w jet tub & walk-in tiled shower + private exit to backyard. Backyard features amazing covered patio, pool, removable safety fence, putting green, Tangelo tree & fig tree, plus raised garden bed. Sellers invested over $275k in renovations over the years (see list in documents). ''The Islands'' community offers huge park w playgrounds, running track & sports courts & many events throughout the year: concerts in the park, boat parades, car show, and much more!

Key Features

  • Built in 1986
  • 0.20 acre lot
  • Private pool
  • Fireplace
  • Waterfront

Property Details

1 story
2 full
1986

Amenities

PoolFireplaceWaterfrontViewA/C

Monthly Cost Estimate

$5,937/mo

20% down · 6.5% · 30 years

Principal$749
Interest$4,485
Insurance$302
HOA$402

Estimates only. Actual payments may vary.

Location

518 S LAGOON Drive

Gilbert, AZ 85233

The Islands - Windhaven

Features & Amenities

Interior Features

Quartz CountertopsHigh Speed InternetGranite CountersDouble VanityMaster DownstairsEat-in KitchenNo Interior StepsVaulted Ceiling(s)Wet BarKitchen IslandPantryFull Bth Master BdrmSeparate Shwr & TubTub with Jets

Exterior Features

Rain Gutters

Property Details

Flooring

CarpetTile

Construction

Stucco Wood Frame Painted

Views

Lake

Pool Features

Patio

Parking

OpenGarage - Attached

Heating

Electric (Heating)Heat Pump (Heating)

Cooling

Ceiling Fan(s)Central Air

Appliances

DryerWasherWater Softener OwnedReverse OsmosisRefrigeratorBuilt-in MicrowaveDishwasherDisposalElectric OvenElectric CooktopWater Purifier

Questions & Answers

This 3-bedroom, 2-bathroom single family at 518 S LAGOON Drive is listed at $1,035,000 ($396/sqft). The estimated monthly payment is $4,887 based on 20% down at 6.5% interest.

HOA fees are $402/month.

Key features include: Built in 1986, 0.20 acre lot, Private pool, Fireplace, Waterfront. Interior Features: Quartz Countertops, High Speed Internet, Granite Counters. Exterior Features: Rain Gutters.

This property is listed by Lorraine A. Moller and can be reached at 4806501260 or lorraine@mollerhometeam.com.

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LM

Lorraine A. Moller

Agent at Keller Williams Realty East Valley

(480) 650-1260

Listed by Keller Williams Realty East Valley

MLS# 6987138· Source: listhub· Updated 49 days ago

Copyright © 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

518 S LAGOON Drive, Gilbert, AZ 85233

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