For Sale
860 Island Lake Drive, Oxford, MI 48371
$474,900
MLS # 20261049353 (Realcomp)
4 beds3 baths3,300 sqftBuilt 20050.24 acres
1 / 62
Listing Description
Welcome home to this waterfront ranch in the sought-after Lake Pointe of Waterstone, offering 3 main-level bedrooms plus 2 finished lower-level rooms in the walkout basement. The finished walkout lower level features a wet bar, spacious recreation area, full bathroom, and flexible space ideal for guests, a home office, fitness room, additional sleeping space, or extra living area.Inside, you’ll find soaring cathedral ceilings, hardwood floors, a bright open floor plan, a cozy gas fireplace, first-floor laundry, great storage, and an updated kitchen with generous cabinetry and counter space.Step outside and enjoy the waterfront setting with a private sandy beach, space to launch a kayak or paddleboard, sunset views from the expansive deck, and a peaceful backyard setting. Located near downtown Oxford, local restaurants, shopping, community events, seasonal festivals, farmers markets, walking paths, sidewalks, and nearby Stony Lake.This home combines ranch-style convenience, waterfront living, a finished walkout basement, and flexible lower-level space in a desirable Oxford location.
Source: SparkMLS
About this home
4-bedroom, 3-bath, 3,300 sq ft home in Oxford Township in Oxford built in 2005.
Listed at $474,900 (about $144/sq ft).
Estimated annual property tax: $7,040, or about $587 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 Area3,300 sqft
Lot Size0.24 acres
Year Built2005
Stories1
Location
CityOxford
MunicipalityOxford Twp
Zip Code48371
CountyOakland
School DistrictOxford
Construction & Systems
ConstructionBrick, Vinyl Siding
BasementWalk-Out Access
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Finished, Wet Bar
Sale & Financing
Listed6/29/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
HOA
HOA Fee$640 / Annually
Source: SparkMLS
Tax Information
Annual Tax$6,174
State Equalized Value$189,290
Taxable Value$166,010
Parcel #0421451058
Source: Public Records
Legal Description
T5N, R10E, SEC 21 LAKEPOINTE AT WATERSTONE LOT 13 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 Yasmin Rogers
EXP Realty Main
Frequently Asked Questions about 860 Island Lake Drive, Oxford, MI 48371
What school district is 860 Island Lake Drive, Oxford, MI 48371 in?
Per MLS# 20261049353, this property is served by Oxford. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20261049353, 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# 20261049353, the most recent reported annual property tax for 860 Island Lake Drive, Oxford, MI 48371 is $6,174. 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 860 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, 860 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. Water: 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$7,040
Monthly$587
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$3,720
Principal & interest$3,080
Property taxes$587
HOA$53
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
860 Island Lake Drive, Oxford, MI 48371
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Municipality
Oxford Township
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County
Oakland County
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