For Sale
1062 FOREST BAY Drive, Waterford, MI 48328
$235,000
MLS # 20261045776 (Realcomp)
0.31 acres
1 / 28
Listing Description
If you’ve been searching for the perfect spot to build a custom home in Waterford, 1062 Forest Bay checks every single box. This gorgeous lot sits right on the pond in the highly sought-after, gated Forest Bay Subdivision. The absolute best part of this deal is the deeded boat slip at the neighborhood marina. Having direct access to Oakland County's biggest all-sports lake means your summers just got a massive upgrade. Plus, the entire neighborhood is a golf cart community, making it incredibly fun and easy to pack up your cooler and cruise right down to the private sandy beach, meet up with neighbors at the community fire pit, or challenge friends to a game of pickleball. The land itself has a great slope for a walkout basement, which is perfect if you want massive windows and easy access to a backyard patio. Plus, you’re in a fantastic school district and right down the road from great restaurants and boutique shopping. Properties in exclusive lake-access communities like this do not pop up often—don't let this one slip away!
Source: SparkMLS
About this home
Currently offered at $235,000.
Property tax estimate: $1,293 per year ($108/month). Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeLand
Bathrooms0
Lot Size0.31 acres
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48328
CountyOakland
School DistrictWaterford
Sale & Financing
Listed6/16/2026
Terms AcceptedCash, Conventional
HOA
HOA Fee$600 / Quarterly
Source: SparkMLS
Tax Information
Annual Tax$2,381
State Equalized Value$42,530
Taxable Value$42,530
Parcel #1334408021
Source: Public Records
Legal Description
T3N, R9E, SEC 34 OAKLAND COUNTY CONDOMINIUM PLAN NO 672 FOREST BAY UNIT 57 L 11407 P 176 6-14-90 FR 426-001
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Jonathan McCaffrey
Community Choice Realty Inc
Frequently Asked Questions about 1062 FOREST BAY Drive, Waterford, MI 48328
Which school district serves 1062 FOREST BAY Drive, Waterford, MI 48328?
Per MLS# 20261045776, 1062 FOREST BAY Drive, Waterford, MI 48328 is in the Waterford boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Waterford directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20261045776, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 1062 FOREST BAY Drive, Waterford, MI 48328?
Per public tax records, annual property taxes for this property are $2,381. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 1062 FOREST BAY Drive, Waterford, MI 48328 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 1062 FOREST BAY Drive, Waterford, MI 48328 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 1062 FOREST BAY Drive, Waterford, MI 48328?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the source. Oakland County is served by CLEMIS (Courts and Law Enforcement Management Information System), which provides public safety data for Southeast Michigan law enforcement agencies.
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Tax Estimate
$
Annual tax$1,293
Monthly$108
Millage rate30.4079 mills
Municipality: CHARTER TOWNSHIP OF WATERFORD
School district: PONTIAC CITY SCHOOL DISTRICT
County: Oakland
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
Mortgage Calculator
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Monthly payment$1,832
Principal & interest$1,524
Property taxes$108
HOA$200
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
1062 FOREST BAY Drive, Waterford, MI 48328
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Municipality
Waterford Township
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County
Oakland County
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