Sold
855 Island Lake Drive, Oxford, MI 48371
Sold on 05/08/2026 for$539,900
MLS # 20261016062 (Realcomp)
4 beds4 baths3,850 sqftBuilt 20050.21 acres
1 / 38
Listing Description
Beautifully updated home in the highly desirable Lake Ridge at Waterstone community in Oxford! This 4-bedroom, 2 full and 2 half bath home offers an ideal blend of comfort and style with a thoughtfully designed layout. The first-floor primary suite provides convenience and privacy, while the open living spaces are perfect for everyday living and entertaining. The great room features a beautiful stone surround gas fireplace, creating a warm and inviting focal point. Enter the convenient dedicated home office through beautiful French doors.The completely updated interior includes a spacious kitchen with a walk-in pantry, all appliances included, and convenient first-floor laundry. Enjoy additional living space in the high-end finished basement, perfect for entertaining, a home gym, or media area.Step outside to a professionally landscaped yard with a peaceful wooded backyard view, offering privacy and a beautiful natural setting. Major updates include a newer roof (approximately 2 years old), hot water heater and water softener. Wired for a generator. Inground sprinkler system.Located in the sought-after Lake Ridge at Waterstone, this move-in ready home offers modern updates, beautiful surroundings, and convenient access to golf, lakes, parks, and charming downtown Oxford.
Source: SparkMLS
About this home
Located in Oxford Township in Oxford, this property offers 4-bedroom, 4-bath, 3,850 sq ft, with original construction dating to 2005.
Closed at $539,900 (about $140/sq ft).
Estimated annual property tax: $8,850, or about $738 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
Bathrooms4
Living Area3,850 sqft
Lot Size0.21 acres
Year Built2005
Stories2
Location
CityOxford
MunicipalityOxford Twp
Zip Code48371
CountyOakland
School DistrictOxford
Construction & Systems
ConstructionBrick, Vinyl Siding
Garage2.5 spaces
HeatingForced Air
SewerPublic
InteriorBasement Finished, Water Softener/Owned
Sale & Financing
Listed3/17/2026
Sold Date5/7/2026
Original Price$550,000
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$675 / Annually
Source: SparkMLS
Tax Information
Annual Tax$5,020
State Equalized Value$237,930
Taxable Value$152,390
Parcel #0421455007
Source: Public Records
Legal Description
T5N, R10E, SEC 21 LAKEPOINTE AT WATERSTONE LOT 7 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 Elizabeth Arnold
Real Estate One
Frequently Asked Questions about 855 Island Lake Drive, Oxford, MI 48371
What school district is 855 Island Lake Drive, Oxford, MI 48371 in?
Per MLS# 20261016062, this property is served by Oxford. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20261016062, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, VA Loan. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261016062, the most recent reported annual property tax for 855 Island Lake Drive, Oxford, MI 48371 is $5,020. 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.
Is 855 Island Lake Drive, Oxford, MI 48371 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 855 Island Lake Drive, Oxford, MI 48371 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Confirm service details directly with providers.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Oakland County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$8,850
Monthly$738
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$4,289
Principal & interest$3,496
Property taxes$738
HOA$56
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
855 Island Lake Drive, Oxford, MI 48371
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Municipality
Oxford Township
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County
Oakland County
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