518 S Lagoon Dr Gilbert, AZ 85233
The Islands NeighborhoodEstimated payment $5,694/month
Highlights
- Play Pool
- Reverse Osmosis System
- Clubhouse
- Islands Elementary School Rated A-
- Waterfront
- Vaulted Ceiling
About This Home
Spectacular waterfront in The Islands! This single story home features 3 beds + huge office easily converted to spacious 4th bed, 2 updated baths & 3-car garage. Amazing backyard featuring pool w baja shelf & waterfall, removable safety fence, extended covered patio w shade structure, putting green & private dock for pontoon/kayaks. Extensive renovations to open kitchen to FR. Spacious primary bedroom w luxurious ensuite (tub w jets, extended walk-in shower, double sinks, & custom cabinets). Home perfect for relaxing or entertaining. Enter to LR/DR, move into FR w fireplace & wet bar, then enter redesigned kitchen w huge island & eat-in area overlooking backyard. Step outside to backyard oasis... relax in the pool, enjoy Arizona sunsets, or fish from dock. Check Video & Updates Tab Just minutes to Downtown Gilbert/Chandler restaurants plus easy access to Hwy 60/101/202. The Islands offers 3 lakes, large community park w basketball, volleyball, bocce ball courts & Community Center that offers social events throughout the year, including: concerts in the park, car show, Easter Egg Hunt, Holiday Christmas Tree lighting event & boat parades on each lake.
Listing Agent
Keller Williams Realty Phoenix License #SA646810000 Listed on: 02/25/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,757
Year Built
- Built in 1986
Lot Details
- 8,908 Sq Ft Lot
- Waterfront
- Desert faces the front of the property
- East or West Exposure
- Wrought Iron Fence
- Artificial Turf
- Front and Back Yard Sprinklers
- Sprinklers on Timer
HOA Fees
- $67 Monthly HOA Fees
Parking
- 3 Car Direct Access Garage
Home Design
- Spanish Architecture
- Slab Foundation
- Wood Frame Construction
- Tile Roof
- Stucco
Interior Spaces
- 2,613 Sq Ft Home
- 1-Story Property
- Wet Bar
- Vaulted Ceiling
- Ceiling Fan
- Wood Burning Fireplace
- Solar Screens
- Family Room with Fireplace
- Formal Dining Room
Kitchen
- Eat-In Kitchen
- Electric Oven
- Electric Cooktop
- Built-In Microwave
- Dishwasher
- Kitchen Island
- Granite Countertops
- Quartz Countertops
- Disposal
- Reverse Osmosis System
Flooring
- Carpet
- Tile
Bedrooms and Bathrooms
- 3 Bedrooms
- Walk-In Closet
- Remodeled Bathroom
- 2 Full Bathrooms
- Double Vanity
- Private Water Closet
- Jettted Tub and Separate Shower in Primary Bathroom
- Hydromassage or Jetted Bathtub
- Bathtub With Separate Shower Stall
Laundry
- Laundry in unit
- 220 Volts In Laundry
- Washer Hookup
Accessible Home Design
- No Interior Steps
Pool
- Play Pool
- Fence Around Pool
- Pool Pump
Outdoor Features
- Covered Patio or Porch
- Rain Gutters
Schools
- Islands Elementary School
- Mesquite Jr High Middle School
- Mesquite High School
Utilities
- Cooling System Updated in 2021
- Zoned Heating and Cooling System
- Heat Pump System
- Electric Water Heater
- Water Purifier
- Water Softener is Owned
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number 302-96-308
Community Details
Overview
- Association fees include ground maintenance
- First Service Resid' Association, Phone Number (480) 551-4300
- Built by UDC
- The Islands Windhaven Subdivision, The Plaza Floorplan
Amenities
- Clubhouse
Recreation
- Community Playground
- Bike Trail
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $3,757 | $47,712 | -- | -- |
| 2024 | $3,616 | $45,440 | -- | -- |
| 2023 | $3,616 | $62,200 | $12,440 | $49,760 |
| 2022 | $3,501 | $48,000 | $9,600 | $38,400 |
| 2021 | $3,639 | $45,360 | $9,070 | $36,290 |
| 2020 | $3,577 | $44,820 | $8,960 | $35,860 |
| 2019 | $3,282 | $40,550 | $8,110 | $32,440 |
| 2018 | $3,173 | $37,970 | $7,590 | $30,380 |
| 2017 | $3,052 | $37,660 | $7,530 | $30,130 |
| 2016 | $3,145 | $38,410 | $7,680 | $30,730 |
| 2015 | $2,863 | $38,380 | $7,670 | $30,710 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/19/2026 05/19/26 | Pending | -- | -- | -- | |
| 05/18/2026 05/18/26 | Price Changed | $980,000 | -1.5% | $375 / Sq Ft | |
| 04/30/2026 04/30/26 | Price Changed | $995,000 | -2.5% | $381 / Sq Ft | |
| 04/15/2026 04/15/26 | Price Changed | $1,020,000 | -1.4% | $390 / Sq Ft | |
| 03/28/2026 03/28/26 | Price Changed | $1,035,000 | -1.4% | $396 / Sq Ft | |
| 02/25/2026 02/25/26 | For Sale | $1,050,000 | +214.7% | $402 / Sq Ft | |
| 03/04/2012 03/04/12 | Sold | $333,680 | -4.4% | $128 / Sq Ft | View Prior Sale |
| 02/07/2012 02/07/12 | Pending | -- | -- | -- | |
| 01/29/2012 01/29/12 | Price Changed | $349,000 | -7.9% | $134 / Sq Ft | |
| 01/13/2012 01/13/12 | Price Changed | $379,000 | -2.8% | $145 / Sq Ft | |
| 01/04/2012 01/04/12 | For Sale | $389,900 | -- | $149 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $326,840 | American Title Service Agenc | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $256,000 | New Conventional |
Source: Arizona Regional Multiple Listing Service (ARMLS)
MLS Number: 6987138
APN: 302-96-308
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS
Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393
- 510 S Lagoon Dr
- 528 S Sunrise Dr
- 405 S Seawynds Blvd
- 1209 W Royal Palms Ct
- 1030 W Calypso Ct
- 437 S Sunrise Dr
- 749 S Copper Key Ct Unit IV
- 1155 W Laredo Ave
- 1042 W Newport Beach Dr
- 770 S Ocean Dr Unit IV
- 1238 W Seashore Dr
- 1201 W Sand Hills Ct
- 517 S Marina Dr
- 1255 W Sea Shell Dr
- 522 S Marina Dr
- 1342 W Seashore Dr
- 942 W Barbados Dr
- 1345 W Port-A-sail Dr
- 918 W Barbados Dr
- 517 S Paradise Dr
Ask me questions while you tour the home.