For Sale
770 Island Lake Drive, Oxford, MI 48371
$445,000
MLS # 20261044768 (Realcomp)
4 beds3 baths2,617 sqftBuilt 20030.32 acres
1 / 1
Listing Description
Built in 2003 and located on a desirable corner lot on the water, this home offers an excellent opportunity to update and make it your own. The interior would benefit from cleaning and cosmetic updates, but the solid layout, composite deck, and sought-after location provide a strong foundation for your vision.Enjoy lakefront access and a public beach just down the street while adding your own style and value over time. Whether you're looking for a primary residence, second home, or investment, this property offers plenty of potential in an area where location truly stands out.
Source: SparkMLS
About this home
Located in Oxford Township in Oxford, this property offers 4-bedroom, 3-bath, 2,617 sq ft, with original construction dating to 2003.
Currently offered at $445,000 (about $170/sq ft).
Estimated annual property tax: $8,478, or about $707 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms4
Bathrooms3
Living Area2,617 sqft
Lot Size0.32 acres
Year Built2003
Stories2
Location
CityOxford
MunicipalityOxford Twp
Zip Code48371
CountyOakland
School DistrictOxford
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementDaylight
Garage2 spaces
HeatingForced Air
WaterPublic
Sale & Financing
Listed7/1/2026
Terms AcceptedCash, Conventional
HOA
HOA Fee$105 / Annually
Source: SparkMLS
Tax Information
Annual Tax$5,223
State Equalized Value$227,950
Taxable Value$140,410
Parcel #0421451067
Source: Public Records
Legal Description
T5N, R10E, SEC 21 LAKEPOINTE AT WATERSTONE LOT 22 10-21-02 FR 400-023
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Riley McIlvride
Berkshire Hathaway HomeServices Kee Realty Oxford
Frequently Asked Questions about 770 Island Lake Drive, Oxford, MI 48371
Which school district serves 770 Island Lake Drive, Oxford, MI 48371?
Per MLS# 20261044768, 770 Island Lake Drive, Oxford, MI 48371 is in the Oxford boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Oxford directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20261044768, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 770 Island Lake Drive, Oxford, MI 48371?
Per public tax records, annual property taxes for this property are $5,223. 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, 770 Island Lake Drive, Oxford, MI 48371 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 770 Island Lake Drive, Oxford, MI 48371 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 770 Island Lake Drive, Oxford, MI 48371?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Water: Public. 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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Tax Estimate
$
Annual tax$8,478
Monthly$707
Millage rate37.1942 mills
Municipality: CHARTER TOWNSHIP OF OXFORD
School district: OXFORD AREA COMM SCH DIST
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$3,602
Principal & interest$2,886
Property taxes$707
HOA$9
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
770 Island Lake Drive, Oxford, MI 48371
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Municipality
Oxford Township
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County
Oakland County
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