WOW! STUNNER ALERT! DISCOVER THE CAPTIVATING BEAUTY OF LAKE LANCELOT, LOCATED IN THE HEART OF SUGAR SPRINGS MI, WHERE NATURE'S UNBELIEVABLE BEAUTY MEETS LIMITLESS OPPORTUNITY. WELCOME TO 5165 ISLANDERS WAY IN GLADWIN, MI. THIS REMARKABLE DOUBLE LOT OFFERS BREATHTAKING, PANORAMIC VIEWS THAT TRULY MUST BE SEEN TO BE APPRECIATED. THIS PROPERTY IS THOUGHTFULLY PREPARED WITH A PRIVATE WELL, PUBLIC SEWER, 200-AMP ELECTRICAL SERVICE, AND FOUR CAMPER PADS, PROVIDING PLENTY OF ROOM TO HOST FRIENDS & FAMILY WHILE MAKING UNFORGETTABLE MEMORIES UNDER WIDE OPEN SKIES. SURROUNDED BY COMMON AREAS ON THREE SIDES AND ENHANCED BY SERENE WATER VIEWS, IT OFFERS A RARE BLEND OF PRIVACY, NATURAL BEAUTY, AND INCREDIBLE POTENTIAL. ENJOY YOUR DAYS OUT ON THE WATER BOATING, FISHING, OR SIMPLY RELAXING IN THE SUN, THEN UNWIND IN THE EVENING BY A FIRE AS THE STARS SHINE OVER THE LAKE. THIS IS MORE THAN JUST LAND. IT'S A PEACEFUL ESCAPE AND A PLACE TO RECHARGE, WITH THE OPTION TO EVEN BUILD YOUR DREAM HOME IF YOU FALL IN LOVE WITH THE SETTING. LOCATED WITHIN THE HIGHLY DESIRABLE SUGAR SPRINGS COMMUNITY, YOU'LL HAVE ACCESS TO OUTSTANDING AMENITIES INCLUDING A CLUBHOUSE WITH A POOL, WORKOUT FACILITIES, TENNIS & PICKLEBALL COURTS, A GOLF COURSE AND RESTAURANT PLUS TWO ALL-SPORTS LAKES, FIVE GOLF COURSES WITHIN 20 MINUTES, AND TWO CASINOS WITHIN 40 MINUTES. YEAR-ROUND RECREATION ABOUNDS WITH WINTER ACTIVITIES LIKE SNOWMOBILING, CROSS-COUNTRY SKIING, AND ORV TRAILS FOR QUADS. WHETHER YOU'RE READY TO CAMP, RELAX, OR CREATE THE LAKE RETREAT YOU'VE ALWAYS IMAGINED, THIS PROPERTY IS READY TO MAKE IT HAPPEN.
Lot/land
Price cut: $24.9K (10/8)
$125,000
5165 Islanders Way, Gladwin, MI 48624
--beds
0baths
1Acres
VacantLand
Built in ----
1 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Remarkable double lotWide open skiesBreathtaking panoramic views
- 189 days
- 126
- 4
Zillow last checked:
Listing updated:
Listed by:
John Hagerty, Jr. 517-803-5868,
Five Star Real Estate - Lansing 517-507-0068
Source: Greater Lansing AOR,MLS#: 294835
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Parking
- Parking features: Gravel, Side By Side
Features
- Has view: Yes
- View description: Lake, Trees/Woods, Water
- Has water view: Yes
- Water view: Lake,Water
Lot
- Size: 1 Acres
- Features: Many Trees, Open Lot
Details
- Parcel number: 2606020000026910
- Zoning description: Zoning
Utilities & green energy
- Electric: 200+ Amp Service
- Sewer: Public Sewer
- Water: Well
- Utilities for property: Water Connected, Sewer Connected, Electricity Connected
Community & HOA
Community
- Subdivision: None
Location
- Region: Gladwin
Financial & listing details
- Tax assessed value: $46,300
- Annual tax amount: $505
- Date on market: 4/2/2026
- Listing terms: Cash,Conventional
- Road surface type: Asphalt
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 10/8/2026 | Price change | $125,000-16.6% |
Source: | ||
| 6/29/2026 | Price change | $149,900-14.3% |
Source: | ||
| 6/5/2026 | Price change | $174,900-5.4% |
Source: | ||
| 4/2/2026 | Listed for sale | $184,900-7.5% |
Source: | ||
| 4/1/2026 | Listing removed | $199,900 |
Source: | ||
| 9/6/2025 | Listed for sale | $199,900 |
Source: | ||
| 9/2/2025 | Listing removed | $199,900 |
Source: | ||
| 3/2/2025 | Listed for sale | $199,900 |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $767 +3.5% | $49,300 +6.5% |
| 2025 | $741 | $46,300 +21.5% |
| 2024 | -- | $38,100 +228.4% |
| 2023 | -- | $11,600 +27.5% |
| 2022 | -- | $9,100 |
| 2021 | -- | $9,100 |
| 2020 | -- | $9,100 +30% |
| 2018 | -- | $7,000 -32% |
| 2017 | -- | $10,300 -41.1% |
| 2016 | -- | $17,500 |
| 2015 | -- | -- |
| 2014 | -- | $17,500 |
| 2013 | -- | $17,500 |
| 2011 | -- | $17,500 -12.5% |
| 2010 | -- | $20,000 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 48624
Nearby schools
Schools provided by the listing agent
- High: Gladwin
Source: Greater Lansing AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.









