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$359,900 Just Listed

  • For Sale
  • Active
  • Single Family
  • 1 Bed
  • 1 Full Bath
  • 672 Sq. Ft.
  • Updated 1 day ago
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Lakefront! Summer is just around the corner and this adorable cottage sits high on a half an acre with over 100 feet of lake frontage! The home is on a larger waterfront lot and includes an extra vacant lot, that is likely buildable. Updated interior and bathroom. Open floor plan with a beautiful kitchen featuring granite countertops, stainless steel appliances and nice white cabinets with soft closing doors and drawers, plus one bedroom with the addition of the porch that is framed and insulated with a wood burning stove, all overlooking the large deck with phenomenal lake views! Great storage underneath in the large basement. Amazing location in a quiet bay keeps the waves and noise out until you want it, then just hop on the boat and enjoy all the fun watersports and lake living has to offer, including two piers. This private 840 acre lake has great fishing, swimming, water skiing, kayaking, canoeing, and is also home to the championship Wonder Lake Water Ski Show Team. Enjoy free shows most Friday evenings in the summer. Just a 15 minute drive gets you to the commuter train to the suburbs and downtown. Enjoy the vacation like atmosphere, yet close to shopping, entertainment and work opportunities. Such a relaxing place to unwind and recharge! Come take a look!!

Full Property Details for 7920 Island Ln

General

  • Price: $359,900
  • HOA FEE: $19/month
  • HOA FEE FREQ.: Annually
  • Taxes: $6,472 (2024)
  • Status: Active
  • Type: Single Family
  • Source: MRED
  • MLS ID: 12592029
  • Updated: 3/13/2026
  • Added to Site: 3 day(s) ago

Rental Information

  • Complex Features: Park, Lake, Dock, Water Rights, Street Lights, Street Paved

Interior

  • Basement: Unfinished
  • Interior Features: 1st-Floor Bedroom, 1st-Floor Bath
  • Appliances: Range, Microwave, Refrigerator, Stainless Steel Appliance(s)
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 1
  • Full Bathrooms: 1

Bedrooms

  • Total Bedrooms: 1

Additional Information

  • Equipment: Ceiling Fan(s)
  • Other Features: School Bus Service

Exterior

  • Exterior Features: Boat Slip

Parking

  • Total Spaces: 12
  • Parking Features: Dirt Driveway, Gravel, Circular Driveway, Driveway, Yes, Owned

Location

  • Area: Wonder Lake
  • County: McHenry
  • Township: McHenry
  • Subdivision: White Oaks Bay
  • Driving Directions: Wonder Lake Rd to White Oaks Rd to Wonder Lake Dr right to Island Lane.

School Information

  • School District: 200
  • Elem School District: 200
  • Midd School District: 200
  • High School District: 200
  • Elementary School: Greenwood Elementary School
  • Middle School: Northwood Middle School
  • High School: Woodstock North High School
  • Private School: Woodstock North High School

Community

  • Assoc. Fees Include: Other
  • Mgmt. Company: White Oaks Bay Association Inc

Heating & Cooling

  • Cooling Type: Wall Unit(s)
  • Heating Type: Natural Gas, Forced Air

Utilities

  • Sewer: Septic Tank
  • Water: Well

Structural Information

  • Architectural Info: Cottage
  • Architectural Style: Cottage
  • Construction: Cedar
  • Exterior Const.: Cedar
  • Basement: Yes
  • Basement Desc.: Unfinished, Partial
  • Foundation: Concrete Perimeter, Stone
  • Roof: Asphalt
  • Sub-Flooring: Hardwood
  • Square Feet: 672
  • Sq. Ft. Source: Estimated
  • Year Built: 1942
  • Built Before 1978: Yes
  • Remodeled/Updated: 2017

Lot Features

  • Lot Size (Acres): 0.475
  • Lot Size Range: .25 to .49 Acre
  • Lot Dimensions: 177.8 x 120.19 x 182.67 x 227.5
  • Lot Features: Water Rights

Water Features

  • Water Front: Yes
  • Water Front Desc.: Lake Front
  • Water Front View: Back of Property
  • Lake Front: Yes

Financial Considerations

  • Association Fee: $228
  • Assoc Fee Freq.: Annually
  • Parking Included: Yes
  • Assessment Year: 1942
  • Tax Amount: $6,472.93
  • Tax Year: 2024
  • Pays Sewer: Septic Tank

Disclosures and Reports

  • Ownership: Fee Simple with Homeowners Association
  • Property ID: 907107033

Listed by Keller Williams Success Realty

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— 7920 Island Ln —

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 7920 Island Ln

School District:Woodstock Community Unit School District 200
NameGradesDistance
Greenwood Elementary School, Woodstock, IL
4618 Greenwood Road, Woodstock, IL 60098
1-51.7 mi
Verda Dierzen Early Learning Center
2045 North Seminary Avenue, Woodstock, IL 60098
PK-K6.1 mi
Clay Academy
112 Grove Street, Woodstock, IL 60098
K-127.1 mi
Woodstock North High School
3000 Raffel Road, Woodstock, IL 60098
9-124.9 mi
Northwood Middle School
2121 North Seminary Avenue, Woodstock, IL 60098
6-86.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 7920 Island Ln Get Price Alerts and Save Property

Date
Details
Price
Change
Source
3/11/2026
Listed
$359,900
453.69%
MLS
9/11/2018
Sold
$65,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 7920 Island Ln

Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,063
3%
$56,293
12%
2023
$4,900
100%
$50,433
8%
2022
-100%
$46,788
7%
2021
$4,687
—
$43,573
4%
2021
$4,687
5%
$41,757
5%
2019
$4,480
-17%
$39,652
-17%
2018
$5,430
-9%
$47,946
7%
2017
$5,981
-1%
$44,998
7%
2016
$6,042
25%
$42,054
7%
2015
$4,817
—
$39,156
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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7920 Island Lane, Wonder Lake, IL 60097 (MLS# 12592029) is a Single Family property with 1 bedroom and 1 full bathroom. 7920 Island Lane is currently listed for $359,900 and was received on March 11, 2026. Want to learn more about 7920 Island Lane? Do you have questions about finding other Single Family real estate for sale in Wonder Lake? You can browse all Wonder Lake real estate or contact a Coldwell Banker agent to request more information.

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