Lake Island Homes for Sale

Lake Island is a community in Deerfield Beach, Broward County, Florida. Active listings are priced from $317,500 to $369,900. Homes were built between 1980 and 1982. Pure Equity lists homes in Lake Island and represents buyers. Commission is negotiable, and what we are paid is agreed with you in writing before you commit to anything.

Pure Equity Realty covers Lake Island and the Deerfield Beach area. We list for 1%, which includes photography, MLS syndication, and negotiation support. Buyers pay nothing for representation. For current market data, see Florida Realtors' market statistics.

Our MLS feed shows 5 Lake Island Deerfield Beach homes for sale as of October 2026. The median asking price is $365,000. Asking prices run from $315,000 to $375,000.

That is 72% above the Deerfield Beach median of $212,000. On a per-foot basis, homes here ask about $283 per square foot, compared with $219 across Deerfield Beach. So the median price buys roughly 1,300 square feet of living area.

Listings here have averaged 67 days on the market. That is faster than the Deerfield Beach average of 129 days. As a result, buyers here should be ready to write an offer soon after a showing.

Homes listed in Lake Island date from 1980 to 1982. That puts them between 44 and 46 years old.

All of these homes predate Florida's 2002 statewide building code. So roof age, window protection and the wind mitigation report matter a great deal for insurance.

In addition, most Florida insurers ask for a four-point inspection on homes 30 years or older. It covers the roof, electrical, plumbing and HVAC. Updated systems usually make coverage easier to place.

Rentals in Lake Island have a median asking rent of $2,600 per month, across 1 active rental listing. For comparison, the Deerfield Beach median is $2,350, so rents here run 11% higher.

You can browse current Deerfield Beach rentals or ask us for a rent estimate on a specific Lake Island home.

Here is what the median Lake Island price means in Florida closing terms. At $365,000, a 20% down payment comes to about $73,000, leaving a loan near $292,000.

Florida then taxes that loan twice. First, documentary stamp tax on the note runs 35 cents per $100, or about $1,022. Next, the intangible tax of 0.2% adds about $584. Buyers normally pay both at closing.

On the seller side, Florida deed stamps cost 70 cents per $100 of price. At the Lake Island median, that is about $2,555.

Finally, owner-occupants should file for the Florida homestead exemption by March 1. It removes up to $50,000 of assessed value. After that, Save Our Homes caps yearly assessment increases at 3% or inflation, whichever is lower. To see what these numbers mean for your budget, get pre-approved before you tour.

Recent Lake Island listings show assignments to Tedder (elementary), Deerfield Beach (middle) and Deerfield Beach (high). However, boundaries can change each year, so confirm the assignment for a specific address with Broward County Public Schools.