# 518 S LAGOON Drive, Gilbert, AZ 85233

> **TL;DR:** 3bd/2ba single family, $1,035,000 ($396/sqft), built 1986, 2,613 sqft.
> Pool, Fireplace, Waterfront, View. Est. $4,887/mo. Listed 49 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $1,035,000 |
| Price/sqft | $396 |
| Bedrooms | 3 |
| Bathrooms | 2 full |
| Square Feet | 2,613 |
| Year Built | 1986 |
| Lot Size | 8,908 sqft (0.20 acres) |
| Stories | 1 |
| Property Type | Single Family (Single Family Residence) |
| Status | For Sale |
| Days on Market | 49 |

## Why This Home Stands Out

- **Pool** - Patio
- **Waterfront** - Direct water access
- **Views** - Lake

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $4,485 |
| HOA | $402 |
| **Total** | **$4,887** |

## Nearby Schools

- **Elementary:** Islands Elementary School
- **Middle:** Mesquite Jr High School
- **High:** Mesquite High School

## Key Amenities

- Pool
- Fireplace
- Waterfront
- View
- A/C

## Property Highlights

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

## Description

### 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!

## Location

- **Address:** 518 S LAGOON Drive, Gilbert, AZ 85233
- **County:** Maricopa
- **Neighborhood:** The Islands - Windhaven
- **Coordinates:** 33.340327, -111.814381
- **Google Maps:** https://www.google.com/maps?q=33.340327,-111.814381

## Listing Agent

- **Name:** Lorraine A. Moller
- **Brokerage:** Keller Williams Realty East Valley
- **Phone:** 4806501260
- **Email:** lorraine@mollerhometeam.com

## Primary Photo

![518 S LAGOON Drive - Primary Photo](http://lh.rdcpix.com/fe8d1c7011be7856850a85d3d9d23d5dl-f4151979211r.jpg)

*63 total photos available on [listing page](https://www.propertysimple.com/listing/518-s-lagoon-drive-gilbert-az-85233-6987138)*

---

**MLS#:** 6987138 | **Updated:** 2026-04-24
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/518-s-lagoon-drive-gilbert-az-85233-6987138)

---

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  "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 raise",
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