954 Island Lake Drive

About this home

Welcome to lakefront living in the highly desirable Hometown Village at Waterstone! This beautiful home offers 61 feet of sandy lake frontage, stunning water views, and inviting living spaces throughout. Step inside to a spacious foyer that opens to a striking floor-to-ceiling natural stone fireplace, expansive windows overlooking the lake, and beautiful Brazilian Teak flooring. The main level features a maple kitchen with eat-in dining, a separate dining area, and convenient first-floor laundry. Just off the kitchen, sliding doors lead to a private composite deck overlooking the peaceful water and your own sandy beach, perfect for relaxing or entertaining. Upstairs, the spacious primary suite features a private bath, walk-in closet, and dedicated makeup area, along with two additional bedrooms and a full bath. The finished walkout lower level offers even more space to gather and unwind, complete with Teak and ceramic tile flooring, a cozy gas fireplace, Murphy bed, recreation area, and full bar. Enjoy the best of waterfront living while being conveniently located near shopping, dining, golf courses, schools, and major expressways. A wonderful opportunity to enjoy lakefront living in one of Waterstone's most desirable communities!

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Oxford

Over the last 90 days, 84 homes sold in Oxford for a median of $403,000, about $169 per square foot, and the typical one went under contract in 10 days. This home is listed at $440,000, or $159 per square foot, 6% below the city median, and has been on the market 4 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Oxford sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $5,397 a year. A buyer who lives here would pay about $5,450 to $8,265 a year once the taxable value resets after the sale, at the 2025 homestead rate of 37.19 mills for Oxford Twp and Oxford schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate and HOA when listed. Ask us for a lender quote.

Location

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