7) Treasure Island, Michigan
Treasure Island is a bit off the beaten path when it comes to island living as it is located in Higgins Lake, Michigan. Despite its freshwater surroundings, Treasure Island still has all of the standard island characteristics such as sandy beaches, shorelines, and outdoor aquatic activities. A gorgeous two bedroom and one bathroom island cottage with a loft, wood burning stove, and modern appliances can be purchased for $309,000. Other homes for larger families can be found for a modest three bedroom price of $270,000. Treasure Island on Higgins Lake has a comfortably low crime rate, and an assortment of local bars, restaurants, hair salons, and shops. Residents can become members of a community known as the Treasure Island Association, and the Higgins Lake Boat Club is welcoming of local newcomers.