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$299,000
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Property Description
KANKAKEE RIVER WATERFRONT RETREAT COMPLETELY REBUILT & TURNKEY! This exceptional 2-bedroom, 2-bath waterfront home has been completely rebuilt by the owners, transforming it into a beautiful and unique riverfront retreat. Currently operating as a high-producing Airbnb with EVERYDAY BOOKED FOR THE NEXT 6 MONTHS. This property offers the rare opportunity to purchase an established income-producing waterfront home that can also be enjoyed personally. Situated at the end of a quiet street, this 1,480sq/ft home offers direct access to the Kankakee River and is surrounded by more than 30,000 acres of public land, wildlife areas and nature preserves. ALL furniture, appliances, decor, kitchenware, games, televisions and contents are negotiable...Inside, the home features a charming 2-story layout with a full kitchen, dining room, living room, playroom area and full bath on the main level. Upstairs are two spacious bedrooms, each featuring a mezzanine with beautiful river views, plus access to a large balcony and a second full bath. One bedroom offers a king-size bed, while the second includes a queen bed and two twin beds. The home's distinctive retro-inspired design gives it exceptional personality and character...Outdoor living is where this property truly shines. Enjoy your morning coffee overlooking the river, fish from the private dock, gather around the fire pit, relax on the deck or take in the scenery from the expansive upstairs balcony. The Kankakee River provides endless opportunities for kayaking, canoeing, paddleboarding, boating, tubing and fishing, with a rebuilt public boat launch just blocks away. The surrounding area also offers exceptional opportunities for hiking, wildlife watching, fishing and hunting...Additional features include a 9 x 18 storage shed, paved driveway, carport, fireplace, multiple entertaining areas and low taxes. The home is fully furnished making this a TRUE WATERFRONT TURNKEY OPPORTUNITY.
Full Property Details
Full Property Details for 1502 Island Blvd
General
- Price: $299,000
- Taxes: $1,499 (2025)
- Status: Active
- Type: Single Family
- Source: GNIAR
- MLS ID: 844296
- Updated: 10/4/2026
- Added to Site: 45 day(s) ago
Interior
- Number of Rooms: 5
- Interior Features: Ceiling Fan(s)
- Fireplace: Yes
- Number of Fireplaces: 1
- Appliances: Dryer, Washer, Stainless Steel Appliance(s), Refrigerator, Microwave, Gas Range, Dishwasher, Disposal
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 1
- 3/4 Bathrooms: 1
Bedrooms
- Total Bedrooms: 2
Exterior
- Exterior Features: Balcony
Parking
- Parking Features: Other
Location
- County: Lake
- Township: Cedar Creek
- Subdivision: Unre Shady Shores Add
- Driving Directions: TAKE COUNTY RD300E (WHICH IS ALSO HYWY 55 OR SHELBY RD) TURN WEST ON ISLAND DRIVE (WHICH IS ALSO WESTWOOD DR) FOLLOW TO THE END
Heating & Cooling
- Heating Type: Central, Forced Air
Structural Information
- Square Feet: 1,480
- Year Built: 1957
Lot Features
- Lot Size (Acres): 0.123
- Lot Size (Sq. Ft.): 5,358
- Lot Features: Other
Financial Considerations
- Tax Amount: $1,499
- Tax Year: 2025
- Terms: Assumable, VA Loan, FHA, Cash
Disclosures and Reports
- Legal Description: UNRE. SHADY SHORES ADD. L.76 PT. S1/2 NW 107.46X50X108X50' S.33 T.32 R.8 .124 A.
- Property ID: 452433154002000007
Listed by BHHS Executive Realty
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Schools
Schools serving 1502 Island Blvd
School District:Tri-Creek School Corporation
| Name | Grades | Distance |
|---|---|---|
Three Creeks Elementary School 670 South Burr Street, Lowell, IN 46356 | K-5 | 7.3 mi |
Lowell Middle School, Lowell, IN 19250 Cline Avenue, Lowell, IN 46356 | 5-8 | 7.4 mi |
Lowell Senior High School, Lowell, IN 2051 East Commercial Avenue, Lowell, IN 46356 | 9-12 | 7.9 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 1502 Island Blvd
Date
Details
Price
Change
Source
8/25/2026
Listed
$299,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1502 Island Blvd
1502 Island Boulevard, Lowell, IN 46356 (MLS# 844296) is a Single Family property with 2 bedrooms, 1 full bathroom and 1 partial bathroom. 1502 Island Boulevard is currently listed for $299,000 and was received on August 25, 2026. Want to learn more about 1502 Island Boulevard? Do you have questions about finding other Single Family real estate for sale in Lowell? You can browse all Lowell real estate or contact a Coldwell Banker agent to request more information.

