540 S Lagoon Dr, Gilbert, AZ 85233
OFF MARKET

540 S Lagoon Dr
Gilbert, AZ 85233

The Islands
  • 5 Beds
  • 3 Baths
  • 3,122 sqft (on 0.26 acres)

$885,600

Trulia Estimate
as of Jul 15, 2026
Est. Refi. Payment $4,875/mo*
Refinance Your Home

$885,600

Trulia Estimate
as of Jul 15, 2026
Est. Refi. Payment $4,875/mo*
Refinance Your Home
5 Beds
3 Baths
3,122 sqft
(on 0.26 acres)

Local Information

  • Map ViewExplore the area around 540 S Lagoon Dr.
  • Schools1 Preschool School1 Elementary School2 Middle Schools1 High School
  • Shop & Eat
-- mins to
Commute Destination

Description

This single-family home is located at 540 S Lagoon Dr, Gilbert, AZ. 540 S Lagoon Dr is in the The Islands neighborhood in Gilbert, AZ and in ZIP code 85233. This property has 5 bedrooms, 3 bathrooms and approximately 3,122 sqft of floor space. This property has a lot size of 0.26 acres and was built in 1986.
540 S Lagoon Dr, Gilbert, AZ 85233 is a 5 bedroom, 3 bathroom, 3,122 sqft single-family home in The Islands, built in 1986. It is currently off market. The Trulia Estimate is $885,600, with a rent estimate of $4,071/month.

Home Highlights

Parking
Garage
Outdoor
Pool
A/C
Heating & Cooling
HOA
None
Price/Sqft
No Info
Listed
Less than a day ago

Home Details for 540 S Lagoon Dr

Interior Features

Heating & Cooling
Heating: Other, ElectricAir ConditioningCooling System: RefrigeratorHeating Fuel: Other
Levels, Entrance, & Accessibility
Stories: 2Floors: Tile, Carpet
Interior Details
Number of Rooms: 9Types of Rooms: Walk In Closet, Breakfast Nook, Dining Room, Family Room, Laundry Room, Master Bath, Office, PantryWet BarCeiling Fan
Appliances & Utilities
Cable ReadyDishwasherDisposalDryerMicrowaveRefrigeratorWasher
Fireplace & Spa
FireplaceHot Tub or Spa
Security
Security System

Exterior Features

Exterior Home Features
Roof: TileExterior: StuccoLawnSprinkler System
Pool
Pool
Parking & Garage
GarageParking Spaces: 3Parking: Garage Attached

Property Information

Year Built
Year Built: 1986
Property Type / Style
Property Type: Single Family HomeArchitecture: Spanish

Community

Units in Building: 1

Lot Information

Lot Area: 0.26 acres

Market trends in Gilbert

Last updated June 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$569K
$3.33KMoM
Sale-to-List Price
98.9%
0.1%MoM
Price per sq ft
$279
$1MoM
Available listings
1121
48MoM
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Property Tax and Assessment

Year2025
Tax$4,335
Assessment$760,700
Home facts updated by county records

Comparable Sales for 540 S Lagoon Dr

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
517 S ROCK HARBOR Drive, Gilbert, AZ
0.10
Single-Family Home
$548,000
04/29/26
5
3
2,857
510 S LAGOON Drive, Gilbert, AZ
0.06
Single-Family Home
$942,000
07/10/26
4
2.5
2,493
1231 W ISLANDIA Drive, Gilbert, AZ
0.18
Single-Family Home
$648,250
05/28/26
5
3
2,719
758 S Lagoon Drive, Gilbert, AZ
0.13
Single-Family Home
$690,000
09/22/25
4
3
2,757
820 S COPPER KEY Court, Gilbert, AZ
0.27
Single-Family Home
$1,220,000
12/10/25
5
3
3,251
1342 W Cove Dr, Gilbert, AZ
0.15
Single-Family Home
$457,000
03/06/26
4
3
2,104
447 S Laguna Dr, Gilbert, AZ
0.25
Single-Family Home
$440,000
03/30/26
5
3
2,447
518 S LAGOON Drive, Gilbert, AZ
0.04
Single-Family Home
$960,000
06/04/26
3
2
2,613
1022 W CALYPSO Court, Gilbert, AZ
0.22
Single-Family Home
$845,000
09/08/25
4
4
3,553
1146 W SEA FOG Drive, Gilbert, AZ
0.36
Single-Family Home
$1,030,000
05/05/26
5
3
3,251

Nearby homes

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Assigned Schools

These are the assigned schools for 540 S Lagoon Dr.
View nearby schools on GreatSchools
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

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

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Apartments for Rent

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Homes for sale near 540 S Lagoon Dr

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Off Market Homes Near 540 S Lagoon Dr

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