Sold
265 Oak Island Drive, Wolverine Lake, MI 48390
Sold on 08/27/2025 for$555,000
MLS # 20251023759 (Realcomp)
3 beds2 baths2,099 sqftBuilt 19270.2 acres
1 / 49
Listing Description
Adorable lakefront home on all-sports Wolverine Lake. Clean and well maintained. Cross over the bridge to enter the peaceful community of Oak Island, featuring a small subdivision park with benches and picnic tables. Enjoy the gorgeous lake views from your four season room or spacious multi-level no maintenance Trex deck. 79 feet of water frontage with sandy floor in your very own backyard. Boat dock included with sale. Updated kitchen with lots of counter space and backsplash. Upper level features large bonus room and second floor laundry. Two car attached garage with epoxy floor. Sewer line already paid for, just needs to be hooked up if desired. Two central air conditioning units, one for each level of home. Boiler heat (whole house) with back up furnace for main level. Join the vibrant community of Wolverine Lake with annual fireworks and events, multiple parks and bike riding paths in surrounding areas. Easy access to highways, shopping and restaurants. Award winning Walled Lake Schools. Includes refrigerator, double oven, microwave, dishwasher, water softener (owned), washer, dryer, boat dock, upstairs desk and primary bedroom set. Get in now and enjoy these last moments of summer in your new lakefront home!
Source: SparkMLS
About this home
Located in Commerce Township in Wolverine Lake, this property offers 3-bedroom, 2-bath, 2,099 sq ft, with original construction dating to 1927.
Closed at $555,000 (about $264/sq ft).
Annual property taxes run approximately $5,598 ($467/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company. Fiber internet is available at this address with download speeds up to 5,000 Mbps across 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area2,099 sqft
Lot Size0.2 acres
Year Built1927
Stories2
Location
CityWolverine Lake
MunicipalityWolverine Lake Vlg
Zip Code48390
CountyOakland
School DistrictWalled Lake
Construction & Systems
ConstructionVinyl Siding
BasementMichigan Basement
Garage2 spaces
HeatingBaseboard, Forced Air
WaterWell
SewerSeptic Tank
InteriorWater Softener/Owned
Sale & Financing
Listed8/6/2025
Sold Date8/26/2025
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$25 / Annually
Source: SparkMLS
Tax Information
Annual Tax$5,598
State Equalized Value$288,150
Taxable Value$150,570
Parcel #1722436005
Source: Public Records
Legal Description
T2N, R8E, SEC 22 STUART'S OAK ISLAND SUB LOTS 100 & 101
Property Records
FEMA Flood Zone: Zone A — 100-year floodplain (no base flood elevation)
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Jillian N Moutafis
Real Estate One-Commerce
Frequently Asked Questions about 265 Oak Island Drive, Wolverine Lake, MI 48390
Which school district serves 265 Oak Island Drive, Wolverine Lake, MI 48390?
Per MLS# 20251023759, 265 Oak Island Drive, Wolverine Lake, MI 48390 is in the Walled Lake boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Walled Lake directly to confirm enrollment eligibility.
What financing options are available for 265 Oak Island Drive, Wolverine Lake, MI 48390?
Per MLS# 20251023759, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 265 Oak Island Drive, Wolverine Lake, MI 48390?
Per public tax records, annual property taxes for this property are $5,598. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 265 Oak Island Drive, Wolverine Lake, MI 48390 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 265 Oak Island Drive, Wolverine Lake, MI 48390 in a flood zone?
Per FEMA flood maps, this property is designated as Zone A, a high-risk flood area. Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 265 Oak Island Drive, Wolverine Lake, MI 48390. The maximum advertised download speed is 5.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 265 Oak Island Drive, Wolverine Lake, MI 48390?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Septic Tank. Water: Well. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Mortgage Calculator
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Monthly payment$3,504
Principal & interest$3,502
HOA$2
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableGSO SatelliteSatelliteLicensed Fixed WirelessDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
265 Oak Island Drive, Wolverine Lake, MI 48390
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Municipality
Commerce Township
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County
Oakland County
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