Island Lakes
Homes for Sale in Boca Raton, FL
All 1,707 homes for sale in Boca Raton, FL · median $574,900 · 48 homes for sale in 33498 · Palm Beach County homes for sale
True comps, carrying-cost math, and listings before the portals.
Photo via Beaches MLS
As of September 2026, Island Lakes Sec 1 2 in Boca Raton, FL has 1 home for sale. As of September 2026, the MLS records 16 closed sales in Island Lakes Sec 1 2 in Boca Raton, FL since 2013, the most recent in August 2026. Across Boca Raton as a whole, 2,021 homes closed in the last 12 months at a median of $665,000, 53 median days on market, with 596 homes for sale today. At that median and Palm Beach County's FY2025-26 rate of 18.72 mills, annual property tax runs about $12,450 ($11,670 with the full homestead exemption).
| Location | Boca Raton, Palm Beach County, FL · ZIP 33498 |
|---|---|
| Homes in the community | 181 (FL DOR 2025 assessment roll) |
| Years built | 1987–1994 (median 1989.0) |
| Typical living area | 2,440 sq ft (median) |
| Amenities listed by sellers | Gated with Guard, Gated, None, Security, Security Guard, Security System |
| For sale right now | 1 active, 0 pending · median asking $959,000 · 12.0 months of supply |
| Owner-occupied (homestead) share | 86% |
Data as of September 20, 2026. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc; housing-stock figures from Florida Department of Revenue public records. Market figures describe homes, not residents. Cite as: Momentum Realty, “Island Lakes Sec 1 2 key facts,” movewithmomentum.com/neighborhoods/island-lakes-sec-1-2, data as of September 20, 2026.
Island Lakes Sec 1 2 in Boca Raton is a mature residential enclave with minimal recent transaction volume — only one closing in the trailing year. That single data point makes trend analysis impossible, but it does tell us this is not a high-turnover neighborhood. Pricing is driven by condition, lot positioning, and the broader Palm Beach County resale market rather than any steady drumbeat of comps.
For buyers, you're entering a market where inventory appears intermittently and seller expectations may not track with active comps nearby. For sellers, patience is the watchword: your timeline will be dictated by how well your home stacks up against scattered alternatives, and you may need to lean on regional benchmarks rather than neighborhood-specific precedent.
Island Lakes right now
🟢 Buyer-leaning market. 12.0 months of supply and 0% of the inventory already under contract give buyers above-average negotiating leverage.Why it matters: months of supply is how long today's inventory would last at today's sales pace; under-contract share is the portion of homes for sale that already have a buyer.Momentum Research analysis of Beaches MLS records, as of September 20, 2026. Confidence: Low (1 active and pending listings, 1 closed sales in 12 months).
Jump to: Price history & scorecard · Homes for sale · Schools · FAQ
· Updated September 27, 2026 · Live data: Beaches MLS, refreshed twice daily · MLS facts carry their source; interpretation lines are Momentum Research · Data sources & freshness
The 60-Second Overview
Island Lakes Sec 1 2 is a low-churn Boca Raton residential pocket with minimal turnover. MLS data shows no community amenities flagged in recent listings, so this is strictly a single-family enclave valued on location, lot, and home condition.
BeachesMLS sales records identify 136 homes in Island Lakes that have changed hands since 2001, built between 1987 and 1999 (median 1989), with a median living area of about 2,529 sq ft and a typical 4-bedroom, 2.5-bath layout; 100% are single-family homes. Source: BeachesMLS closed-sale history compiled by Momentum Research; counts reflect homes with a recorded MLS sale, not every home in the community.
County records show 14 qualified sales in Island Lakes across 2024–2025 (7 in 2024, 7 in 2025), median $900,000 — the last recorded sale per parcel on the Florida DOR 2025 assessment roll, independent of the MLS.
Pre-construction details are compiled from public records, builder announcements and builder listings, and are subject to change without notice; figures are deemed reliable but not guaranteed. Momentum Research figures are our own analysis. This page describes homes, pricing and community attributes, not residents.
Who Island Lakes is best for.
Best for
- Buyers prioritizing Boca Raton location and access over amenity packages, comfortable making pricing decisions on regional rather than hyper-local data
- Owners planning a long hold who value neighborhood stability and minimal HOA entanglements
- Investors with patience and county-wide market fluency, willing to wait for the right exit window
Probably not for
- Buyers who need abundant recent comps and predictable pricing to make an offer decision
- Anyone expecting clubhouse access, resort-style pools, or gated entry — none of that infrastructure exists here
- Flippers or short-term holders counting on quick turnover and steady buyer traffic
The market around Island Lakes
Island Lakes is too small for its own price trend, so here is the market around it.
In ZIP 33498, 84 homes are on the market and 42% are under contract — a fast-moving corner of Boca Raton.
Across Palm Beach County, 10,140 homes are active and 3,201 pending (24% under contract).
In ZIP 33498 (Boca Raton), 290 homes closed in the last 12 months at a median of $646K ($323/sq ft), down 1.0% year over year, with a median 42 days on market. Right now 27 active and 11 pending listings put supply at about 2.6 months — a balanced market. See the live ZIP 33498 housing market and the Palm Beach County market.
ZIP and county figures describe the wider market, not Island Lakes specifically. Momentum Research analysis of MLS records.
Housing distress & ownership in Island Lakes Sec 1 2, Boca Raton
Who owns here, how much is not owner-occupied, and how much for-sale inventory is under distress.
Source: Momentum Realty Research. Ownership & parcels from the FL DOR 2025 tax roll; distress from MLS active-listing status/remarks; price from MLS closed sales. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. Deemed reliable but not guaranteed.
Homes For Sale Right Now in Island Lakes
Live MLS inventory for Island Lakes. Every active listing, what is under contract right now, and the last 12 months of closed sales, refreshed twice a day. Closed comps beat an algorithm's guess every time.
Active and pending Island Lakes listings as of 2026-09-26, priced high to low. All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. Tap any home to ask about it.
Every Home for Sale in Island Lakes Sec 1 2 Right Now (1)
All 1 active and pending Island Lakes Sec 1 2 listings with a detail page, newest first, refreshed twice a day from the MLS.
- 11294 Island Lakes Lane · $959,000 · 4 bd / 2.5 ba · listed Aug 18, 2026 · listed by William Raveis Real Estate
Schools
- Palm Beach County Public Schools
- Verify the zoned schools by address
- Magnet and choice options may be available
- Sandpiper Shores (Palm Beach) · Elementary
- Loggers Run Community · Middle
- West Boca Raton · High
Zoned schools reflect the assignments reported on recent Island Lakes listings and can change; always confirm with Palm Beach County Public Schools for a specific address.
Buying with schools in mind? We can confirm the exact zoned schools for any Island Lakes address.
Shop the zone: Homes zoned for West Boca Raton High School
The Island Lakes buying strategy.
If we were buying in Island Lakes today, this is the order of operations we would run for our clients.
Underwrite the condition first. Price the roof, HVAC, and systems honestly before judging any list price; condition swings value here more than square footage alone.
Match the home to real comps. Recent sales of similar condition and lot, not the asking price, tell you what a home is worth.
Use your leverage. With inventory sitting, there is room to negotiate on anything dated or overpriced and to ask for repairs or a rate buydown.
Line up financing and inspection early. A pre-approval and an inspection plan let you act fast and negotiate from evidence.
Keep an agent in your corner. The listing agent works for the seller; we represent you and prepare a hand-built valuation before any offer in Island Lakes.
What you are actually buying
Island Lakes Sec 1 2 sits in a part of Boca Raton that trades on proximity to retail, employment corridors, and beach access rather than gated amenities or association facilities. The MLS snapshot shows no pools, clubhouses, or HOA features driving value — this is pure residential real estate, where your lot, your structure, and your updates are the price levers.
With only one closing on record in the past year, this is not a neighborhood where you'll find a steady comp trail or predictable bidding behavior. Sellers hold properties for long stretches, and when something does list, it competes regionally rather than within a tight micro-market. That means pricing discipline matters: overreach and you'll sit, but position correctly against Palm Beach County averages and the right buyer will emerge.
The absence of amenity infrastructure also means lower HOA overhead and no shared-facility politics. You're buying into a residential streetscape, not a lifestyle brand. For some buyers, that simplicity is the entire appeal.
The location and the amenities are priced into every listing in Island Lakes. The deal is won or lost on condition, the comps, and the renovation math.
Why work with Momentum here
In a neighborhood with sparse transaction history and no amenity layer to anchor pricing, Momentum's regional market intelligence becomes essential. We use countywide comp grids, condition-adjusted analysis, and honest pricing conversations to position you correctly — whether you're buying into a market with thin inventory or selling into one where the next comparable may not surface for months. We'll tell you when to wait and when to move.
Island Lakes in 15 seconds.
HOA, CDD & Fees
- HOA dues reported around $201/month (about $2,412/yr) · median of 12 MLS listings, most billed monthly
- Any club/amenity membership is billed separately
Listings in this community report association dues of about $201 per month ($2,412 a year) — the median AssociationFee across 12 MLS records, normalised to a monthly figure; most are billed monthly. Dues change with budgets and can differ by section or product type; confirm the current figure with the association before you offer. Source: MLS listing records, 2026-09.
Confirm the current HOA dues, exactly what they cover, and any CDD bond or special assessment for a specific address before you offer.
Tools for a Island Lakes buy.
Free calculators to pressure-test the real cost before you tour.
Selling here is won on condition and pricing to real comps, not an automated estimate. The right number comes from closed Island Lakes sales matched to your home.
Price it to the comps and condition, not an automated estimate.
If you are thinking about selling in Island Lakes, the right list price comes from recent comparable sales matched to your home's condition and location, not an automated estimate.
What is your Island Lakes home worth?
Get a no-obligation home value based on real comparable sales in Island Lakes, not an automated guess. Tell us about your home and we will personally prepare your numbers and a pricing strategy. No obligation, no spam.
See all homes for sale in Boca Raton →
41% of homes for sale in ZIP 33498 are already under contract (under contract ÷ under contract + active listings) — a read on how much of the available inventory buyers have already claimed. Source: MLS data (2026-09-27).
Frequently Asked Questions
Is Island Lakes a buyer's or seller's market right now?
How many homes are in Island Lakes?
What share of Island Lakes is owner-occupied?
When were the homes in Island Lakes built?
Who is the best real estate agent for Island Lakes?
How do I find a top Boca Raton real estate agent who knows Island Lakes?
Can Momentum Realty connect me with an agent for Island Lakes?
Where is Island Lakes, and what county is it in?
Should you buy in Island Lakes?
An honest fit check. We will tell you when it is not your community.
Data sources & freshness
| Live listings | Beaches MLS, refreshed twice daily (last: September 26, 2026) |
| Housing stock & ownership | Florida DOR assessment roll (street-list match (2 streets, ZIP 33498)) |
| Under-contract shares | Beaches MLS records, as of 2026-09-20 |
| Historical depth | Closed-sale records back to 2013 (16 transactions analyzed) |
Verify the primary sources yourself: Florida DOR · U.S. Census · FEMA flood maps · Citizens Property Insurance.
Momentum Research figures are our own analysis of Beaches MLS records; MLS data is deemed reliable but not guaranteed. Methodology: how Momentum market scores are computed. Market metrics describe homes for sale and recent sales, not residents.
Own a home here?
You just read the data. Now see what your home is worth.
The numbers on this page move markets in the aggregate. The number that matters to you is what a buyer pays for your address. Momentum sells for 1.25% above the Beaches MLS member average and 8 days faster, and we’ll price yours against live local comps.
Looking to buy here? Search homes for sale →
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A real valuation with real comps from a local listing agent, not an instant algorithm. Response within one business day.
See how Island Lakes Sec 1 2 fits the bigger picture — live prices, inventory, and Momentum Scores:
Nearby Communities
Explore more neighborhoods near Island Lakes with Momentum Realty’s local guides.