Island Lake currently has 15 single family homes with an average list price of $380,440 and 3 condos/townhomes with an average list price of $245,800. The average annual property tax for Island Lake is $5,377.
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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 |
$265,000 |
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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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Homes Just Sold in Island Lake: June 24th to June 30th - July 1, 2025 Island Lake had 4 sales during the week of Tuesday, June 24 to Monday, June 30, including including 2 single family homes with an average list price of $296,750 and ... continue reading |
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New Homes with a Master Bedroom on the 1st Floor in Island Lake: June 21st to June 27th - June 28, 2025 Island Lake had 3 new homes for sale with a master bedroom on the first floor during the week of Saturday, June 21 to Friday, June 27, including 2 single ... continue reading |
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New Homes For Sale This Week in Island Lake: June 20th to June 26th - June 27, 2025 Island Lake had 2 new homes for sale during the week of Friday, June 20 to Thursday, June 26, including including 1 single family home with a list price of ... continue reading |
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Least Expensive Homes For Sale in Island Lake: June 26th - June 26, 2025 The following are the least expensive homes currently for sale in Island Lake as of Thursday, June 26, including 16 single family homes with an average list price of $371,881. ... continue reading |
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Homes Just Sold in Island Lake: June 17th to June 23rd - June 24, 2025 Island Lake had only 1 sale during the week of Tuesday, June 17 to Monday, June 23, including and it was a single family home with a list price of ... 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 |