Island Lake currently has 17 single family homes with an average list price of $383,953 and 6 condos/townhomes with an average list price of $236,198. The average annual property tax for Island Lake is $5,376.
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School | District | Grade Level | Grades |
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Chauncey H Duker School | 15 | Elementary | 4-5 |
Cotton Creek School | 118 | Elementary | P-5 |
Edgebrook Elementary School | 15 | Elementary | P-3 |
Hilltop Elementary School | 15 | Elementary | K-3 |
Robert Crown Elementary School | 118 | Elementary | P-5 |
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Island Lake, i.e. what's hot and what's not.
See What's Hot & What's Not in Island LakeSubdivisions | Median Price | |
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Boulevard Park Located in Island Lake, Boulevard Park is off of Palm St. West of Maple. |
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Campbell Woods Campbell Woods is a single family home neighborhood located in Island Lake, Illinois. Campbell Woods is off of Burr Oak Lane and Carriage Hill. |
$325,000 |
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Fox River Shores Fox River Shores is a townhome and single family neighborhood built in the 1990s. Fox River Shores is located in Island Lake, Illinois. Fox River Shores features homes with floor plans ranging from 1,370 to 1,950 square feet of living space. Fox River Shores is off of west Route 176 and Waterford. Read more |
$260,000 |
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Highlands Highlands is a single family home neighborhood located in Island Lake, Illinois. Highlands are on Woodland Circle north of Honeysuckle. |
$224,500 |
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Highwood Lake Estates Highwood Lake Estates is a single family home neighborhood built in the 1990s. Highwood Lake Estates is located in Island Lake, Illinois on Tulip Circle south of W. Dowell Road and east of River Road. Read more |
$462,500 |
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New Homes with a Master Bedroom on the 1st Floor in Island Lake: May 24th to May 30th - May 31, 2025 Island Lake had only 1 new home for sale with a master bedroom on the first floor during the week of Saturday, May 24 to Friday, May 30, and it ... continue reading |
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New Homes For Sale This Week in Island Lake: May 23rd to May 29th - May 30, 2025 Island Lake had only 1 new home for sale during the week of Friday, May 23 to Thursday, May 29, including and it was a single family home with a ... continue reading |
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Least Expensive Homes For Sale in Island Lake: May 29th - May 29, 2025 The following are the least expensive homes currently for sale in Island Lake as of Thursday, May 29, including 17 single family homes with an average list price of $384,335. ... continue reading |
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Homes Just Sold in Island Lake: May 20th to May 26th - May 27, 2025 Island Lake had only 1 sale during the week of Tuesday, May 20 to Monday, May 26, including and it was a condo/townhome with a list price of $252,900. $252,900 4340 ... continue reading |
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New Homes with a Master Bedroom on the 1st Floor in Island Lake: May 17th to May 23rd - May 24, 2025 Island Lake had 2 new homes for sale with a master bedroom on the first floor during the week of Saturday, May 17 to Friday, May 23, including 2 single ... continue reading |
Park | Amenities | |
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Channel Park W. Burnett Road |
Field Picnic Area Playground Shelter |
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Converse Park 28532 Illinois Route 176 |
Biking Paths Hiking Paths Outdoor Pavilion Picnic Area Playground Sled Hill Soccer Fields Softball Fields Volleyball |
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Cotton Creek Marsh Nature Preserve |
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Dorothy Beach Dorothy Court |
Beach Picnic Area Playground |
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Eastway Park Eastway Drive |
Boating Fishing Picnic Area |