7021 Island Ln, Toivola, MI, 49965
About This Home
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!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Microwave,Range/Oven,Refrigerator,Trash Compactor,Washer,Electric Water Heater
Basement
- Basement: Block,Crawl Space
Bathroom1
- Features: Linoleum
- Level: Main
- Area: 70
Bathroom2
- Features: Linoleum
- Level: Second
- Area: 36
Bedroom1
- Features: Wood
- Level: Main
- Area: 90
Bedroom2
- Features: Wood
- Level: Main
- Area: 144
Bedroom3
- Features: Wood
- Level: Second
- Area: 144
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 1
- Main level bedrooms: 2
Dining Room
- Features: Wood
- Level: Main
- Area: 117
Family Room
- Features: Carpet
- Level: Main
- Area: 416
Features
- Cathedral/Vaulted Ceiling,Sump Pump
- Window features: Window Treatments
- Flooring: Hardwood,Wood,Carpet,Linoleum
- Number of fireplaces: 3
- Fireplace features: Great Room,Wood Burning
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 3,112
Great Room
- Level: Main
- Area: 336
Heating & Cooling
- Heating features: Electric
- Cooling features: Wall/Window Unit(s)
Interior Area
- Total structure area: 3,112
- Total interior livable area: 3,112 sqft
Kitchen
- Features: Linoleum
- Level: Main
- Area: 144
Living Room
- Features: Wood
- Level: Main
- Area: 228
Property
Details
- Parcel number: 00517206900
- Zoning: Residential
- Zoning description: Residential
- Special condition: Standard
Features
- Levels: One and One Half
- Stories: 1
- 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
- Waterbody name: Lake Roland
- Frontage length: 1267
Lot
- Lot size: 2.72 Acres
- Features: Dead End
- Lot size dimensions: Lengthy
Parking
- Total spaces: 1
- Parking features: Detached
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Winter Weather
- Lightning
- Strong Wind
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Houghton County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,523 | $30,276 |
| Home Insurance * | $194 | $2,328 |
| Property Taxes | $469 | $5,628 |
| Electricity | $339 | $4,073 |
| Total | $3,525 | $42,300 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-06-26 | Price change | $499,000 |
| 2026-05-29 | Listed for sale | $525,000 |
| 2025-10-13 | Listing removed | $699,000 |
| 2025-09-17 | Price change | $699,000 |
| 2025-04-25 | Listed for sale | $775,000 |
| 2024-10-14 | Listing removed | $775,000 |
| 2024-09-13 | Listed for sale | $775,000 |
| 2023-10-31 | Listing removed | $895,000 |
| 2023-09-27 | Price change | $895,000 |
| 2023-08-31 | Price change | $925,000 |
| 2023-06-29 | Listed for sale | $995,000 |
| 2014-12-15 | Sold | $138,000 |
| 2013-01-02 | Listing removed | $169,000 |
| 2012-08-04 | Price change | $169,000 |
| 2011-08-05 | Listed for sale | $186,000 |
View on Zillow