Island Lake Homes under $500,000

Welcome to Island Lake, Washington—a hidden gem nestled in the heart of the Pacific Northwest. This picturesque neighborhood is renowned for its serene landscapes, vibrant community spirit, and an abundance of outdoor recreational opportunities. Surrounded by lush greenery and the tranquil waters of Island Lake, residents enjoy a peaceful retreat just a short drive from the bustling city life of Seattle.

Island Lake boasts a diverse range of homes, with many charming properties available for under $500,000. Whether you’re a first-time homebuyer, a growing family, or looking for a cozy retreat, this neighborhood offers a variety of options to suit every lifestyle. From quaint single-family homes with spacious yards to modern townhouses that blend comfort with convenience, there’s something for everyone here.

The community is not only defined by its beautiful homes but also by its welcoming atmosphere. Families gather at local parks, children play in safe, friendly environments, and neighbors often come together for community events. For outdoor enthusiasts, Island Lake is a paradise—enjoy fishing, kayaking, or hiking along scenic trails that showcase the stunning natural beauty of the area.

With top-rated schools, convenient access to local amenities, and a strong sense of community, Island Lake is a wonderful place to call home. If you’re searching for an affordable property in a serene setting, look no further than Island Lake, where your dream home awaits!

Newest Island Lake Homes under $500,000

$365,000

2 Beds ⋅ 2 Baths ⋅ 2590971 MLS ⋅ ACTIVE Status

This is the only building within the community to feature vaulted ceilings and skylights! Come see why easy, carefree living is the theme throughout the Lake Park condominiums. Ideally located close to shopping, medical services, and Hwy 101; this gated community offers all of the benefits of home ownership without all of the hard work! This single story 2 bedroom 2 bath + den layout boasts 5 piece primary bath, LVP flooring, heat pump/AC, spacious living area, gas fireplace and private back patio. $450/month covers water, garbage, septic, insurance, all exterior home maintenance (roof/siding/paint), and weekly lawn care. Backs to permanent open space acreage, meaning no development of the neighboring forest. Brand new roof in 2025. Move in and leave all your stress behind

170 E Beaumont Drive Unit #B, Shelton

Listing Broker: Windermere RE/Himlie; Brady Fuller; 360-490-0926; bradyfuller@ymail.com

$187,777

2 Beds ⋅ 1 Baths ⋅ 2587420 MLS ⋅ ACTIVE Status

Seller Financing Available!! Bring your plans and vision to this Poulsbo property featuring an older single-wide manufactured home and a large garage/shop. The primary opportunity is in the land, with removal and replacement of the existing home offering a potential path forward, subject to buyer verification of zoning, permits, and site requirements. The garage/shop provides space for storage, projects, or equipment. Buyer to verify property condition, utility connections, and suitability for intended use.

12820 Elm Avenue NW, Poulsbo

Listing Broker: eXp Realty; Bea Schuster; 360-710-0346; bernadetteschuster@yahoo.com

$339,900

2 Beds ⋅ 1 Baths ⋅ 2583451 MLS ⋅ ACTIVE Status

Tucked away on a peaceful cul-de-sac, this beautifully updated home in prime Island Lake location offers an open-concept floor plan and an impressive, level lot with room to enjoy, expand, and explore future possibilities. The updated kitchen features new stainless refrigerator and updated counter tops, flowing seamlessly into the main living/dining space. The refreshed bathroom showcases a custom tiled shower, live edge vanity & plenty of storage. The spacious primary suite includes a walk-in closet with front load washer and dryer and direct backyard access. Down the hall is a convenient home office or guest room. Outside, you'll find a newer roof, covered carport, enclosed storage garage, and dedicated RV parking with hookup to septic. 3 Bedroom Septic system and the expansive, flat lot offers exceptional flexibility, including potential for an additional dwelling or future development—buyer to verify. Live in current home, while building your dream home. The Single level living makes the home perfect for downsizing or first-time buyers. Ideally located near Island Lake, Mason General Hospital, Hwy 101, schools, the YMCA and lots of nearby shopping. A rare combination of an updated home, huge flat lot & a solid investment with future potential for expansion, all in a prime location!

10 E Cherry Park, Shelton

Listing Broker: Windermere Mercer Island; Codi Nelson; 206-498-4148; nelsoncodi@windermere.com

$359,000

3 Beds ⋅ 2 Baths ⋅ 2560896 MLS ⋅ ACTIVE Status

Experience easy, carefree living at the highly sought-after Lake Park Condominiums. Amenities include forced-air heating with a heat pump for year-round comfort, a cozy gas fireplace, a versatile den or home office, and a private back patio for relaxing outdoors.Conveniently located near shopping, medical facilities, and Highway 101, this gated community offers the perfect blend of comfort, security, and low-maintenance living. The $460 monthly HOA dues include water, garbage, septic service, all exterior maintenance (roof, siding, and paint), plus bi-weekly landscaping—allowing you to enjoy the benefits of homeownership without the upkeep.

41 E Beaumont Drive Unit #A, Shelton

Listing Broker: Richard Beckman Rlty Group LLC; Richard Beckman; 360-358-5567; richard@richardbeckman.com

$410,000

3 Beds ⋅ 2 Baths ⋅ 2574318 MLS ⋅ ACTIVE Status

This great home is what everyone say they want: an affordable, cute, and very well-built house that can be customized cosmetically! Wonderful location in the Island Lake community, only moments from the lake and park! Commuters will love easy access to highways and naval bases, but set back and quiet from the chaos of daily life. Check out the awesome back yard! Step inside to find a home that lives surprisingly large! Downstaris bedroom connects to the full bath for a primary suite expierience. Upstairs are 2 more large bedrooms, including one with a 3/4 bath for a second primary experience! Sets up well for multi-generational or friend living. Detached one car garage is a great option for parking or additional storage! Make this awesome home YOURS today!

12940 Elm Avenue NW, Poulsbo

Listing Broker: Manette Real Estate Co.; Isaak Hammers; 360-990-7299; isaak@manetterealestate.com

1307 NW Slate Lane Unit #101, Silverdale

$369,000

3 Beds ⋅ 3 Baths ⋅ 2537329 MLS ⋅ ACTIVE Status

Lakeland Heights neighborhood on a Corner Lot! Offering the ultimate in low-maintenance living, this townhome takes the stress out of homeownership with all exterior maintenance fully covered for you by the HOA. The main level features a seamless flow between the open kitchen, dining, and living areas with luxury vinyl plank flooring. Step outside through the dining area to your private backyard deck—the perfect, peaceful escape for your morning coffee or evening relaxation. Upstairs, you’ll find all three bedrooms, including a spacious primary suite and a full guest bath. The dedicated upstairs laundry room adds a layer of everyday convenience. Great storage throughout the home, plus a brand-new, high-efficiency furnace and heat pump with central A/C for year-round comfort! Guest parking in front of the house. Conveniently located near Island Lake County Park, & minutes from Silverdale, Poulsbo, Bangor and Keyport Naval Bases, shopping, & St. Michaels Hospital.

1307 NW Slate Lane Unit #101, Silverdale

Listing Broker: Keller Williams Greater 360; Jamie Garcia; 970-576-1166; jamiegarcia@kw.com

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Island Lake Homes under $500,000

Newest Island Lake Homes under $500,000

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