Island Lake, IL Subdivisions & Condo Buildings

Island Lake offers 18 established subdivisions and condo/townhome communities spread across a small lake town, with no active adult 55+ sections and no new-construction developments in the current mix — this is a built-out, resale-driven market. Island Lake Estates stands out as the largest and most active community, offering the broadest mix of single-family homes and occasional land listings. Townhouse and condo buyers gravitate toward Southport Village, Nantucket Village, Newbury Village, and Waters Edge, all offering low-maintenance living at accessible price points. For single-family homes with more acreage and privacy, Westridge, Prairie Woods, Walnut Glen, and Highwood Lake Estates deliver larger lots and higher-end finishes, while smaller pockets like Fox River Shores, Mylith Park, Island Lake Highlands, Rolling Oaks, and Pine Ridge round out the inventory. Overall, this is a market that serves first-time buyers and move-up families looking for water-oriented, established neighborhoods in the mid-range price segment, with occasional higher-end properties available for those wanting more land or lake access.

Campbell Woods

1 home sold in the past year at $509,000.

Single Family

$509,000

Fox River Shores

There are currently 2 single-family homes from $314,900 to $439,000 for sale.

Single FamilyCondoTownhouseLand

$172,000–$416,501

Median $330,000

2 for sale

Highlands

There are currently no homes for sale in Highlands.

Single Family

Highwood Lake Estates

3 homes sold in the past year ranging from $580,000 to $675,222.

Single Family

$580,000–$675,222

Median $595,000

Island Lake Estates

There are currently 1 land listing at $29,900 and 3 single-family homes from $284,995 to $419,000 for sale.

Single FamilyLand

$139,500–$384,000

Median $278,000

4 for sale

Island Lake Highlands

There are currently 4 single-family homes from $289,000 to $388,300 for sale.

Single Family

$180,000–$399,500

Median $365,000

4 for sale

Mylith Park

4 homes sold in the past year ranging from $99,000 to $297,500.

Single FamilyMulti-Unit

$99,000–$297,500

Median $246,250

Nantucket Village

There is currently 1 townhouse at $264,900 for sale.

CondoTownhouse

$199,900–$244,000

Median $226,500

1 for sale

Newbury Village

7 homes sold in the past year ranging from $235,000 to $280,000.

Single FamilyCondoTownhouse

$235,000–$280,000

Median $250,100

Pine Ridge

1 home sold in the past year at $678,500.

Single Family

$678,500

Portens

There are currently no homes for sale in Portens.

Prairie Woods

3 homes sold in the past year ranging from $44,000 to $612,000.

Single FamilyLand

$44,000–$612,000

Median $475,000

Prairie Woods and Walnut Glen

2 homes sold in the past year ranging from $499,900 to $520,000.

Single Family

$499,900–$520,000

Median $509,950

Rolling Oaks

3 homes sold in the past year ranging from $405,000 to $775,000.

Single Family

$405,000–$775,000

Median $585,000

Southport Village

8 homes sold in the past year ranging from $230,000 to $270,000.

Single FamilyCondoTownhouse

$230,000–$270,000

Median $255,500

Walnut Glen

There is currently 1 single-family home at $430,000 for sale.

Single Family

$490,000–$600,000

Median $575,000

1 for sale

Waters Edge

4 homes sold in the past year ranging from $275,000 to $310,000.

CondoTownhouse

$275,000–$310,000

Median $286,500

Westridge

There are currently 1 land listing at $1,500,000 and 1 townhouse at $274,900 for sale.

Single FamilyCondoTownhouseLand

$266,000–$419,900

Median $392,500

2 for sale

See all homes for sale in Island Lake

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