518 S LAGOON Drive, Gilbert, AZ 85233
Property image
Property image
SOLD
JUN 4, 2026

$953,500

Trulia Estimate
  • 3 Beds
  • 2 Baths
  • 2,613 sqft

518 S LAGOON Drive, Gilbert, AZ 85233

The Islands
Est. Refi. Payment $5,496/mo*
Refinance Your Home
Currently Off Market - Sold Jun 4, 2026 for $960,000 (2% below list price)

Home Value

Trulia Estimate
$954K
Since last month
Decreased$11K (-1.1%)
Since last year
Decreased$75K (-7.2%)
Since last sale
Decreased$4K (-0.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +96% in the last 10 years
MonthEstimated value
2026
September 2026$956K
August 2026$967K
July 2026$963K
June 2026$960K
May 2026$952K
April 2026$991K
March 2026$1.01M
February 2026$1.05M
January 2026$1.03M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
510 S LAGOON Drive, Gilbert, AZ
0.01
Single-Family Home
$942,000
07/10/26
4
2.5
2,493
1147 W NEWPORT BEACH Drive, Gilbert, AZ
0.04
Single-Family Home
$615,000
02/19/26
3
2
2,048
869 W EMERALD ISLAND Drive, Gilbert, AZ
0.27
Single-Family Home
$705,000
01/29/26
4
2
2,414
517 S ROCK HARBOR Drive, Gilbert, AZ
0.10
Single-Family Home
$548,000
04/29/26
5
3
2,857
437 S PORT Drive, Gilbert, AZ
0.26
Single-Family Home
$735,000
04/01/26
4
2
2,414
1157 W MESQUITE Street, Gilbert, AZ
0.33
Single-Family Home
$647,000
01/06/26
3
2
2,198
1042 W NEWPORT BEACH Drive, Gilbert, AZ
0.18
Single-Family Home
$650,000
09/03/26
4
2.5
2,493
414 S SURFSIDE Drive, Gilbert, AZ
0.34
Single-Family Home
$745,000
08/20/26
4
2
2,414
814 S COPPER KEY Court, Gilbert, AZ
0.30
Single-Family Home
$1,060,000
03/18/26
4
3
2,719

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1147 W NEWPORT BEACH Drive, Gilbert, AZ 85233
0.04
$615,000
3
2
2,048
Recently Sold
532 S LAGOON Drive, Gilbert, AZ 85233
0.03
$705,300
4
2
2,714
Off Market
510 S LAGOON Drive, Gilbert, AZ 85233
0.01
$942,000
4
2.5
2,493
Recently Sold
1105 W SANDY BANKS --, Gilbert, AZ 85233
0.06
$382,800
3
2.5
1,397
Off Market
1101 W SANDY BANKS Lane, Gilbert, AZ 85233
0.07
$454,200
3
3
1,402
Off Market
1071 W SANDY BANKS Drive, Gilbert, AZ 85233
0.09
$379,999
3
2.5
1,397
For Sale
1122 W SANDY BANKS --, Gilbert, AZ 85233
0.08
$395,000
3
2.5
1,346
Recently Sold
1232 W EDGEWATER Drive, Gilbert, AZ 85233
0.12
$1,297,700
5
4
4,032
Off Market
1063 W SANDY BANKS --, Gilbert, AZ 85233
0.10
$396,000
3
2
1,397
Off Market
1063 Sandy Banks Drive, Gilbert, AZ 85233
0.10
$472,400
3
3
1,397
Off Market
1175 W SALMON Court, Gilbert, AZ 85233
0.08
$408,500
3
3
1,397
Off Market

Local Information

  • Map ViewExplore the area around 518 S LAGOON Drive.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Home Highlights

Single-Family Home
Built in 1986
2,613 sqft
$367/sqft
3 Car Garage
HOA $67/mo

About this House

What's unique:Covered patioPutting greenFish from the dock
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
518 S LAGOON Drive, Gilbert, AZ 85233 is a 3 bedroom, 2 bathroom, 2,613 sqft single-family home in The Islands, built in 1986. It last sold for $960,000 on Jun 4, 2026 (2% below the $980,000 asking price). This property is not currently displayed as for sale or rent on Trulia. The Trulia Estimate is $953,500, with a rent estimate of $3,633/month.
Last check for updates: about 5 hours ago
Listed by Lorraine A. Moller, (480) 650-1260
Keller Williams Realty Phoenix
Sheri K Bader, (480) 268-4540
Keller Williams Realty Phoenix
Bought with: Julie Cambier, (480) 482-8548, Niksi
Source: ARMLS, MLS#6987138
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.

Home Details for 518 S LAGOON Drive

Interior Features

Interior Details
Wet Bar
Beds & Baths
Number of Bedrooms: 3Number of Bathrooms: 2Number of Bathrooms (full): 2
Dimensions and Layout
Living Area: 2613 Square Feet
Appliances & Utilities
Appliances: Water Softener Owned, Reverse Osmosis, Refrigerator, Built-in Microwave, Dishwasher, Disposal, Electric Oven, Electric Cooktop, Water PurifierDishwasherDisposalLaundry: InsideRefrigerator
Heating & Cooling
Heating: Heat Pump,ElectricHas CoolingAir Conditioning: Central Air,Ceiling Fan(s)Has HeatingHeating Fuel: Heat Pump
Fireplace & Spa
Number of Fireplaces: 1Fireplace: Wood Burning, Family RoomSpa: None, BathHas a Fireplace
Windows, Doors, Floors & Walls
Window: Solar ScreensFlooring: Carpet, Tile
Levels, Entrance, & Accessibility
Stories: 1Number of Stories: 1Floors: Carpet, Tile
View
Has a ViewView: Lake

Exterior Features

Exterior Home Features
Roof: TilePatio / Porch: Covered, PatioFencing: Block, Wrought IronExterior: Rain GuttersFoundation: SlabHas a Private Pool
Parking & Garage
Number of Garage Spaces: 3Number of Covered Spaces: 3Open Parking Spaces: 3No CarportHas a GarageHas an Attached GarageHas Open ParkingParking Spaces: 6Parking: Attached,Garage Door Opener,Direct Access,Attch'd Gar Cabinets
Pool
Pool: Variable Speed Pump, Play Pool, FencedPool
Frontage
WaterfrontWaterfront: WaterfrontResponsible for Road Maintenance: City Maintained RoadRoad Surface Type: AsphaltOn Waterfront
Water & Sewer
Sewer: Public Sewer
Farm & Range
Not Allowed to Raise Horses

Days on Market

Cumulative Days on Market: 83

Property Information

Year Built
Year Built: 1986
Property Type / Style
Property Type: ResidentialProperty Subtype: Single Family ResidenceArchitecture: Spanish
Building
Construction Materials: Stucco, Wood Frame, PaintedNot Attached Property
Property Information
Parcel Number: 30296308Model Home Type: The Plaza

Price & Status

Price
List Price: $980,000Price Per Sqft: $367/sqft
Status Change & Dates
Off Market Date: Tue May 19 2026Possession Timing: Close Of Escrow

Active Status

MLS Status: Closed

Location

Direction & Address
City: GilbertCommunity: The Islands - Windhaven
School Information
Elementary School: Islands Elementary SchoolElementary School District: Gilbert Unified DistrictJr High / Middle School: Mesquite Jr High SchoolHigh School: Mesquite High SchoolHigh School District: Gilbert Unified District

Building

Building Details
Builder Name: UDC
Building Area
Building Area: 2613 Square Feet

Community

Community Features: Lake, Playground, Biking/Walking Path
Other
Playground

HOA

HOA Fee Includes: Maintenance GroundsHOA Name: The IslandsHOA Phone: 480-545-7740Has an HOAHOA Fee: $402/Semi-Annually

Lot Information

Lot Area: 8908 sqft

Offer

Listing Terms: Cash, Conventional

Energy

Energy Efficiency Features: Multi-Zones

Business

Business Information
Ownership: Fee Simple

Miscellaneous

Mls Number: 6987138Water ViewWater View: Lake

Additional Information

LakePlaygroundBiking/Walking Path

Price and Tax history

DateEventPrice
Jun 4, 2026
Source: ARMLS #6987138
Sold
$960,000
May 20, 2026
Source: ARMLS #6987138
Pending
$980,000
May 18, 2026
Source: ARMLS #6987138
PriceChange
$980,000
Price decreased by 2%
Apr 30, 2026
Source: ARMLS #6987138
PriceChange
$995,000
Price decreased by 2%
Apr 15, 2026
Source: ARMLS #6987138
PriceChange
$1,020,000
Price decreased by 1%

Market trends in Gilbert

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$575K
$1.5KMoM
Sale-to-List Price
98.8%
0.1%MoM
Price per sq ft
$279
$0MoM
Available listings
1109
4MoM

Around this home

Neighborhood Overview

The Islands
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about The Islands

At least 71 Trulia users voted on each feature.

  • 93 % Say car is needed

  • 92 % Say there are sidewalks

  • 92 % Say it's dog friendly

  • 84 % Say parking is easy

  • 82 % Say there's holiday spirit

  • 81 % Say people would walk alone at night

  • 79 % Say yards are well-kept

  • 75 % Say it's quiet

  • 75 % Say streets are well-lit

  • 74 % Say it's walkable to grocery stores

  • 69 % Say it's walkable to restaurants

  • 65 % Say kids play outside

  • 56 % Say neighbors are friendly

  • 54 % Say they plan to stay for at least 5 years

  • 40 % Say there are community events

  • 17 % Say there's wildlife

Sourced by Trulia users. Learn more about our methodology.
  • Trulia User
    "It’s a very safe neighborhood and quiet. People are friendly and I love seeing everyone’s dogs. I highly recommend living here. "
    1
    Flag
  • Daniele.filipp
    "We have lived here for almost six years. It’s very quiet and peaceful, which is nice, but neighbors tend to keep to themselves. There are a few younger families that are outdoors often. Lots of cars park on the streets, but streets are well lit and drivers generally drive the speed limit. The park is great, lakes are a nice spot to relax or fish. Walking and biking trails stretch miles around the neighborhood."
    10
    Flag
  • Reba A.
    "I'm not a dog owner but plenty around me are. very enjoyable for all pets and families. I've lived in the Islands for 20 yrs"
    1
    Flag
  • Taniesha P.
    "It’s quiet for the most part and family oriented. Bad thing is people do not pick up poop after their dogs. "
    1
    Flag
  • Trulia User
    "everyone keeps to themselves and no conflicts in the neighborhood . safe feel neighborhood for children "
    1
    Flag
  • Spocorello8
    "The majority of dog owners here pick up after their dogs but there are a few who don’t. So annoying and so inconsiderate. "
    1
    Flag
  • rayjanus
    "I live in another HOA in The Islands, having previously lived in Elliot Shores. I found that Elliot Shores was well managed, with one of the best pool / spa facilities in The Islands, in a great neighborhood."
    0
    Flag
  • Gwen S.
    "Live here and it is so special. Exceptionally maintained, quiet and beautiful lakes and walking paths and parks. Walk anywhere - including the gym! "
    8
    Flag
  • Tiffany C. R.
    "The Islands is a centrally located community which offers beautiful walking paths and water views. "
    0
    Flag
  • dave
    "We were visiting friends in the Islands, and now we are thinking about moving. It's very clean, and they have a private park down the road. There is a lot for our grandchildren to do when they visit, and it's a safe area. Also the HOA is strict so people keep their homes up. It's a bit expensive compared to other areas, but it's worth the extra money."
    1
    Flag

LGBTQ Local Legal Protections

Frequently asked questions about 518 S LAGOON Drive

  • What is 518 S LAGOON Drive estimated to be worth?
    Trulia's estimated value for 518 S LAGOON Drive in Gilbert, AZ is $953,500.
  • What is the price history for 518 S LAGOON Drive?
    518 S LAGOON Drive in Gilbert, AZ last sold for $960,000 in June 2026.
  • Is Gilbert a buyer's or seller's market?
    Gilbert is currently a balanced market, based on recent for-sale activity.
  • What's the median sale price in Gilbert?
    The median sale price in Gilbert is $575K. That is up $1.5K from the prior month.
  • Does 518 S LAGOON Drive have air conditioning?
    Yes, 518 S LAGOON Drive in Gilbert, AZ has air conditioning.
  • Does 518 S LAGOON Drive have a pool?
    Yes, 518 S LAGOON Drive in Gilbert, AZ has a pool.

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