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Island Lake

Island Lake

Neighborhood in Novi, Michigan

Oakland County 48374

$925,583 Average Value
$260 Average Price per Sq Ft
4 Homes For Sale

Island Lake is a neighborhood that embodies luxurious lakefront living with unlimited access to water and outdoor recreation. This private community sits south of Interstate 96 and 35 miles from downtown Detroit. “What drew me here to begin with is the location,” says Island Lake resident and Relator at REMAX Classic Crystal Halley. “We were living in Novi, and the schools there are great. You got the water, and you can’t beat that.”
Island Lake resembles a movie scene with grand houses, manicured lawns, and perfectly paved sidewalks. Walking around Island Lake, you’ll see the places are similar in colors, featuring either brick-front properties or light brown and yellow hues. Many homes were built in the early to mid-2000s. These are primarily two-story detached homes or condos with colonial or Cape Cod-inspired architecture. Interiors come with more than 2,500 sq ft of space and three bedrooms. Some homes carry private views or access to the lake through the patios and sitting areas. If you’re looking for a condo, prices range from $500,000 to $700,000. Then, single-family detached homes will range from $900,000 to $1,100,000.
You’ll find Island Lake is an active community as residents have private access to many forms of outdoor recreation. “A big attraction point is the lake. It spans about a mile,” Halley says. “There’s nothing like it in the area. There are seven associations that encompass the development. There’s fishing. You can paddle boats and motorboats.” You can also spend a relaxing day in the beach area or by the swimming pool. If you want to stay out of the water, there are tennis, volleyball and pickleball courts. Ride your bike or walk the dog along the several well-maintained sidewalks and trails. Spend the afternoon having a lakeside picnic while the kids or furry pups enjoy the green space and playground within North Park.
Students in Island Lake can get their education from Novi Community School District, which is Number 1 in Niche’s 2024 Best School Districts in Michigan. Grades K through fourth-grade students can attend Woods Elementary School, which holds an A plus Niche grade. Afterward, Novi Meadows Middle School educates students in grades five and six, which has an A plus Niche grade. Students start to expand their subjects from elementary years, offering art, band, music, world language, and robotics. Grades seven and eight are at Novi Middle School, which also holds an A plus Niche grade. Students can enroll in honors-level math courses or participate in the 14 after-school clubs. Novi High School has an A plus Niche grade. This school offers over 20 AP courses and 15 IB courses. Their athletics teams are highly praised, as their Baseball team won the 2023 Division 1 Championship.
If you head northeast along Wixom Road, you’ll discover several dining options varying from local shops to national giants. Breakfast, lunch and dinner are coming fresh off the grill of The Grand Diner. You find there classic American and some Greek-inspired dishes. If you stay along Wixom Road, you’ll find a Sam’s Club, Target and Aldi. If you're heading south, a Kroger can be located along 10 Mile Rd.
“There’s all kinds of events all year round,” Halley says. “Our social committee is very active. We have the dinners, book clubs.” Other notable events include the garage sale, classic auto show, and for the kiddos trunk or treat. “It’s a multi-cultural and very friendly area,” Halley says. “For the trunk or treat event, I had a lot of people say to me thank you for doing this.” If you need to commute, you’re only a mile from Interstate 96, which can connect you to other interstates and cities. “Interstate 96, it takes you to the state capital, and then if you head east, it takes you to Detroit,” Halley says. “Then, 275 runs north and south, which can take you into Ann Arbor and link you to downtown Detroit.” Every day is a vacation when you’re living in Island Lake.

Courtney Murphy
Written By
Courtney Murphy
Christopher Shires
Photography Contributed By
Christopher Shires
Taylor Gilbert
Video By
Taylor Gilbert

Agents Specializing in this Area

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Interested in learning more about homes in this area? Reach out to Terri O'Brien, an experienced agent in this neighborhood.

Parks in this Area

Transit

Airport

Detroit Metro Wayne County

44 min drive

Crime and Safety

1 - Low Crime, 10 - High Crime Island Lake US
Homicide 1 4
Sexual Assault 1 4
Assault with Weapon 1 4
Robbery 1 4
Burglary 1 4
Motor Vehicle Theft 1 4
Larceny 1 4
Crime Score 1 4

Source: WhatIsMyCrimeRisk.com

Island Lake Demographics and Home Trends

Housing Trends

Median List Price
$859,000
Median Sale Price
$840,000
Median Single Family Sale Price
$971,000
Median 2 Bedroom Sale Price
$435,000
Median Change From 1st List Price
-1%
Last 12 months Home Sales
31
Median Home Sale Price YoY Change
4%
Average Price Per Sq Ft
$260

Neighborhood Facts

Number of Homes in Neighborhood
510
Number of Homes for Sale
4
Median Year Built
2013
Months of Supply
1.50
Average Single Family Home Size Sq Ft
3,486
Significantly above the national average
1,933
Average Townhouse Size Sq Ft
2,476
Median Lot Size Sq Ft
14,374

Open Houses

  • Saturday, Jun 14
    10am - 1pm

    24598 Nepavine, Novi, MI 48374

    $1,100,000

    • 5 Beds
    • 6 Baths
    • 3,418 Sq Ft
    • 24598 Nepavine
    • New 5 days ago

    Welcome to a home where luxury and lifestyle meet in the most unforgettable way. Every inch of this exquisite property has been thoughtfully designed and meticulously upgraded to create a resort-style experience that’s truly one of a kind.The main level features a chef’s dream kitchen with a massive center island, additional prep island or area for family to enjoy game night, top-tier appliances,

    Jay Fontaine Fontaine Real Estate Group

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Distribution of Home Values

Source: Public Records

Homes for Sale

Interested in learning more about homes in this area? Reach out to Terri O'Brien, an experienced agent in this neighborhood.

Average Home Value




Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Owners

Demographics

Total Population
2,725
Median Age
42
Population Density
3 ppl/acre
Population under 18
27.4%
On par with the national average
23.8%
Population over 65
12.4%
Below the national average
19.1%

Finances

Median Household Income
$253,451
Significantly above the national average
$71,702
Average Household Income
$246,742

Education and Workforce

High School Graduates
96.8%
College Graduates
83.9%
Significantly above the national average
34.1%
Advanced Degrees
55.8%
Significantly above the national average
13.3%
% Population in Labor Force
68%

Weather

Annual Precipitation
34''
Average Winter Low Temperature
18°F
Average Summer High Temperature
82°F
Annual Snowfall
40''

Area Factors

Somewhat Bikeable

Bike Score®

49 / 100

Car-Dependent

Walk Score®

2 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
NEIGHBORHOOD
Island Lake