Island Lake currently has 18 single family homes with an average list price of $394,483 and 5 condos/townhomes with an average list price of $246,520. The average annual property tax for Island Lake is $5,354.
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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 on 1+ Acres For Sale This Week in Island Lake: April 23rd to April 29th - April 30, 2025 Island Lake had only 1 new home on 1+ acres during the week of Wednesday, April 23 to Tuesday, April 29, and it was a single family home with a ... continue reading |
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Homes Just Sold in Island Lake: April 22nd to April 28th - April 29, 2025 Island Lake had 4 sales during the week of Tuesday, April 22 to Monday, April 28, including including 3 single family homes with an average list price of $296,600 and ... continue reading |
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New Homes For Sale This Week in Island Lake: April 18th to April 24th - April 25, 2025 Island Lake had 3 new homes for sale during the week of Friday, April 18 to Thursday, April 24, 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: April 24th - April 24, 2025 The following are the least expensive homes currently for sale in Island Lake as of Thursday, April 24, including 19 single family homes with an average list price of $378,237. ... continue reading |
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Homes Just Sold in Island Lake: April 15th to April 21st - April 22, 2025 Island Lake had only 1 sale during the week of Tuesday, April 15 to Monday, April 21, including and it was a condo/townhome with a list price of $175,000. $175,000 3412 ... 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 |