$10,000 Closing Credit¹
#24035224, Barbara Pagella, Listing Office: Coldwell Banker, Kinnelon/Butler
#25010119·
Listing office: RE/MAX SELECT - Fort Lee·
Listing agent: Linda Trapp·
Listing office phone: 201-886-8888
$1,589,000 List price
497 Island Way Franklin Lakes, NJ 07417
$10,000
Closing credit¹
3 beds
3 full
House
Property details
About 497 Island Way
Your Private Retreat Awaits! Sitting on a peaceful cul-de-sac, this home offers a rare combination of privacy & luxury. Step into the grand entry hall & you'll know you've found something special. The home's exterior is a blend of wood shingles & stone. The 1st floor boasts spacious living areas. The den, w/built-ins and a cozy fireplace, offers the perfect space to unwind. You'll find a laundry room, gym, & full bath conveniently located on this level. The formal living room opens to a gourmet kitchen & dining area with another fireplace. Upstairs, the master suite offers a fireplace, an oversized master bath & one-of-a-kind dressing room. Additionally, there are 2 spacious, bedrooms & a bath. The basement features a media room w/ a wall of built-ins. The property boasts an in-ground pool, a tennis court, and a deck, for outdoor entertaining or for relaxing. You will be part owner of Lawlins Pond. This home is truly a must-see. It has low taxes & a 4-bedroom septic system.
Highlights
Home typeSingle Family Residence
HeatingNatural Gas, Forced Air, Zoned
StatusActive
CoolingCentral Air
BasementYes
ParkingAttached
MLS #25010119
Attached garage2 spaces
Fireplace3 Fireplaces, Gas, Self-start
ViewOther
Summary
- MLS Number: 25010119
- Office Name: RE/MAX SELECT - Fort Lee
- Office Phone: (201) 886-8888
- Listing Agent: Linda Trapp
Disclaimer: The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Rocket Homes Real Estate, LLC are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Information provided is for consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some properties listed with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
All information deemed reliable but not guaranteed. Source: New Jersey Multiple Listing Service, Inc. Copyright© 2025 New Jersey Multiple Listing Service, Inc. All rights reserved.
Rocket Homes Real Estate, 701 Griswold St, Suite 21, Detroit, MI 48226
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/21/2025, 11:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,589,000
497 Island Way
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 03, 2018 | Home Sold | $1,250,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $714,600 | $12,362 |
| 2022 | $714,600 | $11,876 |
| 2021 | $714,600 | $11,876 |
| 2020 | $714,600 | $11,776 |
| 2019 | $714,600 | $11,612 |
History based on county public records data.
Nearby schools
10
Woodside Avenue School
Public District KG-5
0.7 mi
•305 Woodside Ave
7
George Washington Elementary School
Public District KG-5
1.1 mi
•270 Woodland Ave
9
Abraham Lincoln Elementary School
Public District KG-5
1.5 mi
•325 Mason Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $104,830. Most Franklin Lakes, NJ residents have annual incomes between $100k-200k. The most common type of family is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
20%
<35k
29%
35k-100k
32%
100k-200k
19%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
36%
Single, No Kids
6%
Single, with Kids
33%
Married, No Kids
25%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
10%
12-17 yrs old
13%
18-34 yrs old
41%
35-64 yrs old
22%
65+ yrs old
What do the neighbors do for fun?
Skiing/snowboarding
Men's Tennis
PGA/LPGA
Where do the neighbors shop?
Nordstrom
Bloomingdales
Chico's
Where do the neighbors go to eat?
California Pizza Kitchen
Bonefish Grill
Chipotle
What do the neighbors drive?
BMW
Lexus
Cadillac
What do the neighbors listen to?
Talk/Personality
News
Classical
All data provided by Home Junction and Claritas
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Frequently asked questions
About 497 Island Way
This home is located at 497 Island Way in Franklin Lakes, NJ and zip code 07417. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since April 16, 2025 and is currently priced at $1,589,000.
The number of homes for sale in Franklin Lakes, NJ increased by 29.7% between February and March 2025. In March 2025, listings were on the market for 92 days. During the same period, the median list price in this real estate market was $1,999,900.
From Rocket Homes Real Estate and based on county public records data.