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For sale
    • Price cut: $26K (6/26)
    $499,000

    7021 Island Ln, Toivola, MI 49965

    3beds
    3,112sqft
    : 
    $3,354/mo
    Get pre-qualified
    Single Family Residence
    Built in ----
    2.72 Acres Lot
    $485,300 Zestimate®
    $160/sqft
    $-- HOA

    What's special

    Tastefully updated homeSmall garageFirepit areaFantastic sandy swimming beachFamily room
    Own your own Island on Lake Roland in Twin Lakes! Located in the beautiful Western Upper Peninsula of Michigan, this incredible offering includes 367' of lake frontage on the mainland, as well as your own private Island with approximately 900' of lakefront as well as a delightfully cheerful and tastefully updated home! After you drive in and park on the mainland parcel, you'll just have a short walk over your private dock/bridge where you'll see bass, pike, panfish and more as you are about to step onto your private Island. As soon as you walk onto the Island, you'll immediately feel that this is the place for fun and relaxation! The island home has 3 BR 2 BA, a living room with a HUGE stone fireplace, family room and an amazing pub/bar area! You will feel like you are at a resort living the island life! You will enjoy stunning sunset views from the large composite deck. The kids will enjoy the fantastic sandy swimming beach. The spacious Island also has a yard, small garage, shed and firepit area. Most of the high quality furnishings are included. Twin Lakes is a popular place, for good reason. You are tucked in the middle of massive forest in the western U.P., but yet only minutes from all the amenities in Houghton/Hancock. Twin Lakes also has a gas station, convenience stores and a great restaurant. Lake Gerald and Lake Roland are all sports lakes that also feature great fishing in a warm and inviting vacation area. This is a unique opportunity to own a truly special, one-of-a kind, epic property!
    56 days
    |
    4,396
    |
    220
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    JOSH STEIN 906-370-4898,

    NORTHERN MICHIGAN LAND BROKERS - H 906-523-5575

    Source: MiRealSource,MLS#: 50209439MLS LogoOriginating MLS: Upper Peninsula Assoc of Realtors

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bathrooms: 1
      • Main level bedrooms: 2
      Bedroom 1
      • Features: Wood
      • Level: Main
      • Area: 90
      • Dimensions: 10 x 9
      Bedroom 2
      • Features: Wood
      • Level: Main
      • Area: 144
      • Dimensions: 16 x 9
      Bedroom 3
      • Features: Wood
      • Level: Second
      • Area: 144
      • Dimensions: 16 x 9
      Bathroom 1
      • Features: Linoleum
      • Level: Main
      • Area: 70
      • Dimensions: 10 x 7
      Bathroom 2
      • Features: Linoleum
      • Level: Second
      • Area: 36
      • Dimensions: 9 x 4
      Dining room
      • Features: Wood
      • Level: Main
      • Area: 117
      • Dimensions: 13 x 9
      Family room
      • Features: Carpet
      • Level: Main
      • Area: 416
      • Dimensions: 32 x 13
      Great room
      • Level: Main
      • Area: 336
      • Dimensions: 21 x 16
      Kitchen
      • Features: Linoleum
      • Level: Main
      • Area: 144
      • Dimensions: 16 x 9
      Living room
      • Features: Wood
      • Level: Main
      • Area: 228
      • Dimensions: 19 x 12
      Heating
      • Electric
      Cooling
      • Wall/Window Unit(s)
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Trash Compactor, Washer, Electric Water Heater
      Features
      • Cathedral/Vaulted Ceiling, Sump Pump
      • Flooring: Hardwood, Wood, Carpet, Linoleum
      • Windows: Window Treatments
      • Basement: Block,Crawl Space
      • Number of fireplaces: 3
      • Fireplace features: Great Room, Wood Burning
      • Furnished: Yes
      Interior area
      • Total structure area: 3,112
      • Total interior livable area: 3,112 sqft
      • Finished area above ground: 3,112
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 1
      • Parking features: Detached
      • Garage spaces: 1
      Features
      • Levels: One and One Half
      • Stories: 1.5
      • Patio & porch: Deck, Patio, Porch
      • On waterfront: Yes
      • Waterfront features: All Sports Lake, Dock/Pier Facility, Island, Lake Front, Lake/River Access, Waterfront, Beach Front, Interior Lake, Sandy Bottom
      • Body of water: Lake Roland
      • Frontage length: 1267
      Lot
      • Size: 2.72 Acres
      • Features: Dead End
      Details
      • Additional structures: Shed(s), Garage(s)
      • Parcel number: 00517206900
      • Zoning: Residential
      • Zoning description: Residential
      • Special conditions: Standard

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Cottage
      • Property subtype: Single Family Residence
      Materials
      • Vinyl Siding
      Condition
      • New construction: No

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private Point
      • Utilities for property: Electricity Connected

      Community & HOA

      Community
      • Subdivision: N/A
      HOA
      • Has HOA: No
      Location
      • Region: Toivola

      Financial & listing details

      • Price per square foot: $160/sqft
      • Tax assessed value: $598,374
      • Annual tax amount: $4,169
      • Date on market: 5/29/2026
      • Cumulative days on market: 57 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional
      • Ownership type: LLC

        Estimated market value

        $485,300

        $461,000 - $510,000

        $2,264/mo

        Price history

        DateEventPrice
        6/26/2026Price change$499,000-5%$160/sqft
        Source: MiRealSource #50209439 Report a problem
        5/29/2026Listed for sale$525,000-24.9%$169/sqft
        Source: MiRealSource #50209439 Report a problem
        10/13/2025Listing removed$699,000$225/sqft
        Source: Upper Peninsula AOR #50172553 Report a problem
        9/17/2025Price change$699,000-9.8%$225/sqft
        Source: Upper Peninsula AOR #50172553 Report a problem
        4/25/2025Listed for sale$775,000$249/sqft
        Source: Upper Peninsula AOR #50172553 Report a problem
        10/14/2024Listing removed$775,000$249/sqft
        Source: Upper Peninsula AOR #50155281 Report a problem
        9/13/2024Listed for sale$775,000-13.4%$249/sqft
        Source: Upper Peninsula AOR #50155281 Report a problem
        10/31/2023Listing removed$895,000$288/sqft
        Source: Upper Peninsula AOR #50113829 Report a problem
        9/27/2023Price change$895,000-3.2%$288/sqft
        Source: Upper Peninsula AOR #50113829 Report a problem
        8/31/2023Price change$925,000-7%$297/sqft
        Source: Upper Peninsula AOR #50113829 Report a problem
        6/29/2023Listed for sale$995,000+621%$320/sqft
        Source: Upper Peninsula AOR #50113829 Report a problem
        12/15/2014Sold$138,000-18.3%$44/sqft
        Source: Agent Provided Report a problem
        1/2/2013Listing removed$169,000$54/sqft
        Source: RE/MAX DOUGLASS R.E.-H #1061565 Report a problem
        8/4/2012Price change$169,000-9.1%$54/sqft
        Source: RE/MAX DOUGLASS R.E.-H #1061565 Report a problem
        8/5/2011Listed for sale$186,000$60/sqft
        Source: RE/MAX DOUGLASS R.E.-H #1061565 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$7,410 +77.8%$299,187 +17.6%
        2024$4,169 $254,356 +56.6%
        2023-- $162,403 +2.8%
        2022-- $158,000 -0.4%
        2021-- $158,714 -0.6%
        2020-- $159,722 +45.8%
        2019-- $109,530 +3.9%
        2018-- $105,395 +0.8%
        2017-- $104,527 +11.1%
        2016-- $94,047 -0.3%
        2015-- $94,322 -13.3%
        2014-- $108,763 -6.9%
        2013-- $116,831
        2012-- $116,831 +1.5%
        2011-- $115,151 -11.1%
        2010-- $129,563
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: 49965

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Elm River Twp School District

        Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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