Island Park Murray Lake Area
Quiet lots near top schools
The quick answer
Island Park Murray Lake Area is a neighborhood, part of Lowell Area Schools. Homes here typically sell for around $398,000.
5 homes for sale·Median $398K·Walkability 1.6/10·Schools 8.0/10
Most people expect lakeside living to mean cramped lots and neighbors on top of you—but out here, you get spacious properties with an average of 3.5 acres per home, the kind of breathing room that lets you actually enjoy nature without feeling watched. Ranch homes with aluminum siding sit on wooded parcels, many with seasonal views across the landscape. The nearest restaurant is only 2 miles away, so you're not giving up convenience for solitude—just the opposite. Students attend Lowell Area Schools, and if you want to stretch your legs through nature, there's plenty of wooded trails nearby. A 37-minute drive gets you into Grand Rapids when you need it, but most days you won't want to leave.
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Why people love it here
2.7 acre avg lots
- 274 homes
Lake life
- Big Crooked Lake within walking distance
- Big Crooked Lake: 1 min walk
- Byrne Lake: 9 min drive
Lowell Senior High School
- High — 7.0 mi away
- Lowell
- 3 rated schools in district
Conventional Mortgage Calculator
Median home price in Island Park Murray Lake Area
Estimated Monthly Payment
$2,699/mo
Property tax and insurance are estimates you can edit — not a quote. Tap either figure to enter your own.
The interest rate shown is not an annual percentage rate (APR). Rate displayed is the current average 30-year fixed rate from the Freddie Mac Primary Mortgage Market Survey and is subject to change without notice. Your actual rate, payment, and costs may vary. Contact a loan officer for a personalized quote.
Guild Mortgage NMLS #3274. Equal Housing Opportunity. NMLS Consumer Access. Not a commitment to lend. All loans subject to underwriter approval; terms and conditions may apply. Subject to change without notice. Always consult an accountant or tax advisor for full eligibility requirements on tax deduction.
15 homes sold in Island Park Murray Lake Area this year. Thinking of selling?
See what your home is worthBased on 1 rated school nearby
School District: Lowell Area Schools
Median Sale Price
$398K
15 sales in last 12mo
Parks Nearby
0
within 1 mile
Nearest Park
Murray Lake Public Access
1.9 mi
Expected Rent
$1,225/mo
$1,075 – $1,375 · wider-area estimate
Flood Risk
None
Not in flood zone
Nearest Park
Murray Lake Public Access
1.9 mi
Parks Nearby
0
within 1 mile
Nearest Lake
Big Crooked Lake
0.0 mi
Walkability
Car-dependent
Overall walkability score out of 10
Based on actual walk/bike/drive times to nearby amenities via Mapbox
Parnell Market
Big Crooked Lake
+1 more
Cannon Trail
Murray Lake Launch
Crime in Island Park Murray Lake Area is reported at the city level, not the neighborhood level. The FBI doesn't publish reliable crime rates for individual neighborhoods, and within any community crime varies street to street. For an accurate, comparable picture, see the jurisdiction-wide figures for Kent County.
Kent County crime & safety stats →To buy a median-priced Island Park Murray Lake Area home (around $397,500) at today's 6.65% 30-year fixed rate with 20% down, you'd need roughly $71k/year in household income to qualify — an estimated monthly payment of $2,677 (principal, interest, property tax est., and insurance).
| Down payment | Monthly payment | Income needed |
|---|---|---|
| 20% | $2,677/mo | $71,399 |
| 10% (+PMI) | $3,082/mo | $82,178 |
| 5% (+PMI) | $3,218/mo | $85,802 |
Estimates use a 6.65% 30-year fixed rate (current Freddie Mac average), an aggressive ~45% housing-to-income ratio (roughly what FHA underwriting can allow for a buyer with no other monthly debts — your number depends on your debts and credit), this area's median sale price, plus estimated insurance and PMI below 20% down. Not a commitment to lend, and not an APR — your actual rate and payment will vary.
Land for sale
Listings
1 parcel
Active / pending
Typical Land Value
$83K/acre
Median asking
Median Price
$125K
Per listing
Who actually lends in Island Park Murray Lake Area, and how homes here are financed — from 2024 federal mortgage records.
Loans to buy a home
Most active lenders
Homeowners refinancing an existing mortgage
Most active lenders
Source: 2024 HMDA (CFPB/FFIEC). Neighborhood figures are area-weighted estimates from census-tract data; loan amounts are rounded and all-cash purchases are excluded.
Local Government · area-wide
Grattan Township
Source: grattantownshipmi.gov · unconfirmed
Association and local-government details are compiled from public records, municipal sites, and state registries, and can change. Confirm directly with the association or municipality before relying on them.
Solar potential
~$872/yr in electricity from a typical rooftop solar system
Produces ~6,361 kWh/yr · offsets ~61% of a typical home's use
Private well
Based on assessor parcel records
Municipal sewer
Based on assessor parcel records
Resident-arranged private hauler
Consumers Energy Co · ~13.7¢/kWh
Service splits by location — other areas may be served by Great Lakes Energy. Confirm by address.
Confirm by addressServices for Grattan Township · Source: NREL Utility Rates API
Utility, solar, and service details for Island Park Murray Lake Area are compiled from public records, municipal sites, and NREL / U.S. data.gov, and can change. Electric/gas can vary by address — confirm with the provider before relying on them.
🛒 Grocery(1)
bp
Grocery Store
🍕 Restaurants(6)
Parnell Market
Restaurant
KD's Corner
Restaurant
Arena's Pizza Bostwick Lake
Restaurant
Bostwick Lake Inn
Restaurant
Aunt Belle's Kitchen
Restaurant
+1 more within 5 miles
🍺 Bars(1)
Grattan Irish Pub
Bar
🏫 Schools(5)
💪 Gyms(1)
Fitness Center on Unnamed
Fitness Center
🚴 Trails(2)
⛵ Boat Launches(2)
Boat Launch
Boat Launch
Atlas — Grand Rapids Real Estate
Local real estate specialists
Questions about Island Park Murray Lake Area? Our team can help with availability, schools, and what it's really like to live here.
Living in Island Park Murray Lake Area: the details
Is Island Park Murray Lake Area a good place to live?
If you're after room to spread out on larger lots and green space nearby, Island Park Murray Lake Area is worth a close look — here is what the data shows. For getting around, it is mostly a drive-first area, so you will use a car for groceries, dining and errands. This neighborhood is part of Lowell Area Schools. Expect prices centered around $398,000.
What does it cost to live in Island Park Murray Lake Area?
The median home value in Island Park Murray Lake Area is about $398,000. There are 5 homes for sale here right now and 15 homes sold here in the past year.
Frequently asked about Island Park Murray Lake Area
- What do homes cost in Island Park Murray Lake Area?
- The median home value in Island Park Murray Lake Area is about $397,500. Individual prices vary by street, size, and condition.
- How active is the Island Park Murray Lake Area housing market?
- there are 5 homes for sale in Island Park Murray Lake Area right now, and 15 homes sold here in the last 12 months. Listings refresh throughout the day from the MichRIC MLS.
- What schools serve Island Park Murray Lake Area?
- Island Park Murray Lake Area is served by Lowell Area Schools. Its highest-rated assigned school is Lowell Senior High School (9/10).
- Is Island Park Murray Lake Area walkable?
- Island Park Murray Lake Area scores 1.6/10 for walkability — a measure of walking, biking, and driving access to groceries, dining, parks, schools, and transit.
