Private islands almost never come up for sale on Lake Muskoka. This is your shot.Tucked into Shanty Bay - one of the lake's best-kept secrets. Solid community, epic paddling and waterskiing water, and close to town and the city - yet most boaters have never even come back this far. 1.2 acres of flat, usable land with sun from sunrise to sunset and views in every direction. Deep water on one side for diving and docking, a shallow sandy entry on the other for kids, grandparents, and dogs - this island works for every generation of your family. Same family for over 40 years, now ready for its next chapter. Septic and services are already in - a head start most vacant island lots can't offer. The existing 4-bed, 2.5-bath cottage and bunkie w bath are fully livable right now while you plan your next move, whether that's a renovation or eventually building new. This is the kind of island that inspired Sterling Point - no script required to live it. Paddle it, ski it, fish it.
4 bedrooms, 2 bathrooms, about 1,100 sq ft, works out to roughly $1,635 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 1 Merlin (Island M91) Island
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
1100-1500 sq ftas stated on the listing
Basement
None
Features & systems
Parking & garage
Parking spaces
0
Interior
Basement
None
Lot & land
Lot size (sqft)
11.46
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
1 Merlin (Island M91) Island Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$8,838
/mo
based on the purchase price of $1,799,000
$359,800 cash
$1,439,200 financed
$1,212,184 total interest
Principal54%$1,439,200
Interest46%$1,212,184
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Muskoka Lakes
Other 3–12 bed homes for sale in Muskoka Lakes around $1.8M.
Average days on market46Homes sold in about 46 days on average.
Sale-to-list ratio94.3%On average, homes sold below asking.
Active listings235Homes for sale here right now.
Median vs prior 90 days+23.5%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 125 sales from Jul 25 – Oct 23, 2026 (73 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1 Merlin (Island M91) Island
How much is 1 Merlin (Island M91) Island listed for?
1 Merlin (Island M91) Island is listed at $1,799,000 (MLS® X13552974). Summitly updates the price as soon as the MLS® record changes.
Is $1,799,000 a good price for 1 Merlin (Island M91) Island?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Muskoka Lakes. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1 Merlin (Island M91) Island changed?
Yes — it was first listed at $1,999,000 and is now $1,799,000, a drop of $200,000 (10.0%).
How many bedrooms and bathrooms does 1 Merlin (Island M91) Island have?
1 Merlin (Island M91) Island has 4 bedrooms and 2 bathrooms, with about 1,100–1,500 square feet of living space. It is a detached home in Muskoka Lakes.
How much would the monthly mortgage be on 1 Merlin (Island M91) Island?
About $8,838 a month — principal and interest on $1,799,000 with 20% down ($359,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 1 Merlin (Island M91) Island compare with other homes in Muskoka Lakes?
Its asking price of $1,799,000 is about 71% above the median sold price in Muskoka Lakes over the last 90 days, $1,050,000, across 125 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1 Merlin (Island M91) Island been sold before?
Summitly has no earlier MLS® sale or lease of 1 Merlin (Island M91) Island on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1 Merlin (Island M91) Island?
1 Merlin (Island M91) Island is in Muskoka Lakes, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1 Merlin (Island M91) Island been on the market?
106 days — 1 Merlin (Island M91) Island was listed on July 9, 2026.
What is the price per square foot of 1 Merlin (Island M91) Island?
About $1,199 to $1,635 per square foot: the asking price of $1,799,000 over the 1,100–1,500 sq ft the listing gives as its size range.
Does 1 Merlin (Island M91) Island have a basement, and is it finished?
The listing says 1 Merlin (Island M91) Island has no basement.
What is the land transfer tax on 1 Merlin (Island M91) Island?
About $32,455 in Ontario land transfer tax at the asking price of $1,799,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
