Why Live in Island Lake
Island Lake in Novi offers luxurious lakefront living with extensive outdoor recreation opportunities. Located south of Interstate 96 and 35 miles from downtown Detroit, this private community features grand houses with manicured lawns and well-maintained sidewalks. Homes in Island Lake are primarily two-story detached houses or condos built in the early to mid-2000s, showcasing colonial or Cape Cod-inspired architecture. Interiors typically offer over 2,500 sq ft of space with three bedrooms, and many homes provide private lake views or access. The neighborhood is known for its active lifestyle, with residents enjoying private access to a mile-long lake, fishing, paddle boating, motorboating, a beach area, swimming pool, tennis, volleyball, and pickleball courts. North Park offers green spaces, playgrounds, and picnic areas.
Students attend highly rated schools in the Novi Community School District, including Woods Elementary School, Novi Meadows Middle School, Novi Middle School, and Novi High School, all of which hold high ratings. Local attractions include dining options along Wixom Road, such as The Grand Diner, and shopping at Sam’s Club, Target, and Aldi. The community hosts various events throughout the year, including dinners, book clubs, garage sales, and a classic auto show. Island Lake is conveniently located a mile from Interstate 96, providing easy access to Detroit, Ann Arbor, and other cities. The neighborhood's crime rate is lower than the national average, contributing to its appeal for families seeking a safe and vibrant community.
Home Trends in Island Lake, MI
On average, homes in Island Lake, Novi sell after 55 days on the market compared to the national average of 69 days. The median sale price for homes in Island Lake, Novi over the last 12 months is $419,900.
Median Sale Price
$419,900
Median Single Family Sale Price
$389,900
Median Townhouse Sale Price
$419,900
Median 2 Bedroom Sale Price
$630,000
Median 1 Bedroom Sale Price
$295,000
Average Price Per Sq Ft
$241
Number of Homes for Sale
8
Last 12 months Home Sales
79
Median List Price
$413,900
Median Change From 1st List Price
7%
