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East Island Lake Homes for Sale

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    $240,000

    • Land
    • 10 Acres
    • $24,000 per Acre

    00 Burnett Rd, Island Lake, IL 60042

    10 acres currently zoned ORI (Office, Research, Industrial) in the Village of Island Lake, currently part of a 19 acre property, the front 9 acres of which has a house and buildings on it that are being offered separately. The subject 10 acres is currently being farmed and does not currently have a separate PIN or address (would need to be subdivided per plat act). Being sold for approximately

    Bruce Kaplan Premier Commercial Realty

    00 Burnett Rd, Island Lake, IL 60042
  • /16

    $895,000

    • 3 Beds
    • 3.5 Baths
    • 4,147 Sq Ft

    706 E Burnett Rd, Island Lake, IL 60042

    Live-work opportunity. 4147 sf hillside ranch house on 19 acres zoned for office or industrial with 2 outbuildings. Current owner ran a commercial print shop out of one building. Additional 3-car garage good for collector cars. 10 acres being farmed to keep the taxes low. Cell tower not included--rights have been sold. See virtual tour. Zoning allows horses (riding and boarding) and

    Bruce Kaplan Premier Commercial Realty

    706 E Burnett Rd, Island Lake, IL 60042
  • /26

    $399,000

    • 5 Beds
    • 4 Baths
    • 2,649 Sq Ft

    236 Forest Dr, Island Lake, IL 60042

    Your Waterfront Escape on Island Lake! Imagine waking up to panoramic views of Island Lake every morning. This lovely two-story home is your private oasis, offering both tranquility and adventure-all just steps from your backyard. With five bedrooms and four bathrooms, this spacious residence is perfectly suited for family life or entertaining guests year-round. Set on nearly half an acre of

    Cecille Plurad Mike Plurad Coldwell Banker Realty

    236 Forest Dr, Island Lake, IL 60042
  • /37

    $629,000

    • 5 Beds
    • 3.5 Baths
    • 4,139 Sq Ft

    28094 E State Rd, Island Lake, IL 60042

    Not Your Cookie Cutter Home - Full of Charm, Secrets & Serious Personality. Bored of beige boxes and builder-grade basics? Say hello to this 1922-built beauty with over 4,000 sq ft of real character. With 4 bedrooms, 3.5 baths, and 2.35 private acres (plus the option to grab 2 more), this home isn't whispering charm-it's shouting it from the original woodwork. Gleaming hardwood floors,

    Tami Voigt Shorewest, REALTORS

    28094 E State Rd, Island Lake, IL 60042
  • /4

    $184,900

    • Land
    • 0.69 Acre
    • $267,971 per Acre

    216 S Shore Dr Unit S, Island Lake, IL 60042

    This is a rarely available Island Lake Front lot offering 249 feet of lake frontage on 3 lots! (All 3 under 1 PIN number and 1 tax bill on .69 acres) Picture yourself in the waterfront home of your dreams on picturesque Island Lake! There is time to build now to be on the water for all the boating and swimming fun next summer! Property tax bill will be considerably lower because the house that

    Patricia Nelson @properties Christie's International Real Estate

    216 S Shore Dr Unit S, Island Lake, IL 60042

Why Live in East Island Lake

East Island Lake, nestled along the McHenry and Lake County line, offers a tranquil lifestyle centered around its namesake man-made lake. The lake, with a 10-horsepower limit on boats, is ideal for leisurely activities such as canoeing and fishing, contributing to the area's relaxed atmosphere. The neighborhood features a diverse housing market, with homes ranging from 1940s craftsman and midcentury modern styles to contemporary homes from the 1990s onward. Multi-family options include townhomes from the 1990s. The community is dotted with lakeside parks like South Shore Beach and Channel Park, providing public beach access, playgrounds, and picnic areas. Converse Park, known for its castle-like structure, hosts events throughout the year. Dining and entertainment options are plentiful, with local favorites like Island Lake Café and El Norteño, and venues such as 3D Sideouts Sports Tavern and the McHenry Outdoor Theater. The neighborhood is served by Wauconda Community Unit School District 118, with Wauconda High School receiving high ratings. Safety is comparable to the national average, and essential services are shared with the neighboring village of Wauconda. East Island Lake is conveniently located 22 miles north of Elgin and 52 miles northwest of Chicago, with the Pingree Road Metra station 8 miles away for easy commuting.

Frequently Asked Questions

Is East Island Lake a good place to live?
East Island Lake is a good place to live. East Island Lake is considered very car-dependent and somewhat bikeable. East Island Lake is a suburban neighborhood. East Island Lake has 11 parks for recreational activities. It is sparse in population with 2.0 people per acre and a median age of 42. The average household income is $111,397 which is above the national average. College graduates make up 32.2% of residents. A majority of residents in East Island Lake are home owners, with 15% of residents renting and 85% of residents owning their home. A local real estate agent serving East Island Lake can help you decide if this neighborhood is the right one for you. Learn more on our East Island Lake neighborhood guide.
How much do you need to make to afford a house in East Island Lake?
The median home price in East Island Lake is $650,000. If you put a 20% down payment of $130,000 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,370 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $144K a year to afford the median home price in East Island Lake. The average household income in East Island Lake is $111K.
What are the best public schools in East Island Lake?
The best public schools that serve East Island Lake are:
What are the best private schools in East Island Lake?
The best private schools that serve East Island Lake are:
What are the most popular zip codes in East Island Lake, Island Lake, IL?
The most popular zip codes in East Island Lake, Island Lake, IL include 60042, 60051, 60084, 60050 and 60073.
What are the most popular neighborhoods near East Island Lake, Island Lake, IL?
The most popular neighborhoods near East Island Lake, Island Lake, IL are West Island Lake, Slocum Lake, Burtons Bridge, East Lakemoor and North Lake Barrington.
Are home prices dropping in East Island Lake?
Yes, home prices in East Island Lake are down 58% in the last 12 months.

Home Trends in East Island Lake, IL

Housing Trends

Median Sale Price
$323,000
Median Single Family Sale Price
$418,500
Median 1 Bedroom Sale Price
$699,000
Average Price Per Sq Ft
$225
Number of Homes for Sale
6
Last 12 months Home Sales
25
Months of Supply
2.90
Median List Price
$650,000
Median Change From 1st List Price
4%
Median Home Sale Price YoY Change
7%
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