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Sold for $960,000
Sold for $960,000
518 S Lagoon Dr Gilbert, AZ 85233
$960,000
CLOSEDBeds
3
Baths
2
Sqft
2,613
Acres
0.2
Year
1986
Close Date
Jun 4, 2026
Property Type
Residential
Sub Type
Single Family Residence
Per Square Foot
$367
Date Listed
Feb 19, 2026
Description of 518 S Lagoon Dr, Gilbert, AZ 85233
Listing details for 518 S Lagoon Dr, Gilbert, AZ 85233 : 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
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Listing Updated : 10-26-2026 at 2:30 PM MST
Listing Provided By : Lorraine A. Moller, 480-650-1260, Keller Williams Realty Phoenix
Properties displayed may be listed or sold by various participants in the MLS
Source :
ARMLS, MLS#: 6987138
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Property Details
Property Overview
Listing Price
$980,000
MLS #ID
6987138
Close Price
$960,000
Close Date
Jun 4, 2026
Bedrooms
3
Bathrooms
2
Square Footage
2,613
Acres
0.2
Year
1986
Days on Site
245 Days
Property Type
Residential
Property Sub Type
Single-Family
Price per Sq Ft
$367
Date Listed
Feb 19, 2026
Location
Street Address
518 S Lagoon Dr
City
State
Arizona
ZIP Code
County
Neighborhood / Subdivision
Driving 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.
Schools
Elementary School
Middle School
High School
School District
Home Specification
Bedrooms
3
Total Square Feet
2,613
Stories / Levels
1
Construction / Architecture
Year Built
1986
Style
Spanish
Construction Materials
Stucco, Wood Frame and Painted
Roof
Tile
New Construction
No
Price per Sq Ft
$367
Builder Name
UDC
Lot Features
East/West Exposure, Waterfront Lot, Sprinklers In Rear, Sprinklers In Front, Desert Front, Synthetic Grass Back, Auto Timer H2O Front and Auto Timer H2O Back
Lot Size (Sq Ft)
8,908
Lot Size (Acres)
0.2
Interior Details
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 and Tub with Jets
Flooring
Carpet and Tile
Window Features
Solar Screens
Fireplace
No
Fireplace Features
Wood Burning and Family Room
Heating
Heat Pump and Electric
Cooling
Central Air and Ceiling Fan(s)
Exterior Details
Garage
Yes
Garage Spaces
3
Attached Garage
Yes
Parking Features
Attached Garage, Garage Door Opener, Direct Access and Attch'd Gar Cabinets
Patio & Porch Features
Rain Gutters
Exterior Features
Rain Gutters
Fencing
Block and Wrought Iron
View
Lake
Waterfront
Yes
Water Source
Public
Sewer
Public Sewer
Community Features
Lake, Playground and Biking/Walking Path
Additional Features
Road Surface Type
Asphalt
Taxes, HOA & Financing
Annual Property Tax
$3,757.00
HOA Fee
$401.81 Semi-Annually
HOA Frequency
Semi-Annually
HOA Fee Includes
Maintenance Grounds
Association Amenities
Clubhouse, Management, Pets OK (See Remarks) and No Visible Truck Trailer RV Boat
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What's this home worth?
National portals guess with an algorithm. We price it from actual closed sales on your street.
Your home value estimate $757K – $1.06M
Exact number$2,845,000
Want an exact number? Use an Agent, not an algorithm.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
What's this home worth?
National portals guess with an algorithm. We price it from actual closed sales on your street.
Your home value estimate $757K – $1.06M
Exact number$2,845,000
Want an exact number? Use an Agent, not an algorithm.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
Property History
DateEventPrice
6/4/2026
Sold
$960,000 -2%
$367/sqft
Source:ARMLS #6987138
ARMLS #6987138 5/19/2026
Pending sale
$980,000 0%
$375/sqft
Source:ARMLS #6987138
ARMLS #6987138 5/17/2026
Price Change
$980,000 -1.5%
$375/sqft
Source:ARMLS #6987138
ARMLS #6987138 4/30/2026
Price Change
$995,000 -5.2%
$381/sqft
Source:ARMLS #6987138
ARMLS #6987138 2/19/2026
Listed for sale
$1,050,000 +214.7%
$402/sqft
Source:ARMLS #6987138
ARMLS #6987138 3/4/2012
Sold
$333,680 -14.4%
$128/sqft
Source:ARMLS #4696633
ARMLS #4696633 1/4/2012
Listed for sale
$389,900
$149/sqft
Source:ARMLS #4696633
ARMLS #4696633Location of 518 S Lagoon Dr, Gilbert, AZ 85233
Streetview of 518 S Lagoon Dr, Gilbert, AZ 85233
Mortgage Calculator
Schools Near 518 S Lagoon Dr, Gilbert, AZ 85233
What's this home worth?
National portals guess with an algorithm. We price it from actual closed sales on your street.
Your home value estimate $757K – $1.06M
Exact number$2,845,000
Want an exact number? Use an Agent, not an algorithm.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
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