Under Contract
4035 Island Park Drive, Waterford, MI 48329
$239,000
MLS # 20261051563 (Realcomp)
2 beds1 bath1,405 sqftBuilt 19400.23 acres
1 / 41
Listing Description
***Multiple Offers Received-Highest & Best by 6pm, Sunday, 7/12***PRIME LOCATION!!! LAKE LIFE WITHOUT THE LAKE TAXES! Enjoy ALL-SPORTS LAKE OAKLAND with a neighborhood beach and lake access just a short walk away. Spend your summers swimming, kayaking, fishing and watching spectacular fireworks right from your own home! Vacation at home all year long! This high-demand ranch offers 2 bedrooms with an optional 3rd bedroom/flex room in the partially finished lower level. Filled with warmth and charm, the inviting open floor plan is perfect for everyday living and entertaining. This home has all the “cottage feels” with an updated kitchen (2020) and beautifully remodeled bathroom (2025). Modern style with everyday comfort, while the partially finished lower level (2024) provides additional living space that's ideal for a family room, home office, flex room or a workout area. Enjoy peace of mind with numerous updates, including Furnace (2018), Roof (2020) with a limited lifetime transferable warranty, NEW A/C (2023), waterproof luxury vinyl plank flooring upstairs/vinyl downstairs (2020) and Garage Door (2024). Step outside to a fully fenced backyard with plenty of room to relax or entertain. Featuring a detached 2-car garage and 2- storage sheds, providing plenty of space for vehicles, storage or outdoor equipment. Conveniently located just minutes from expressways, shopping, dining and entertainment, this move-in-ready home delivers the perfect blend of comfort, convenience, and an unbeatable lake lifestyle. Don't miss this incredible opportunity to make it yours! BATVAI.
Source: SparkMLS
About this home
This 2-bedroom, 1-bath, 1,405 sq ft home built in 1940 sits in Waterford Township in Waterford.
Currently offered at $239,000 (about $170/sq ft).
Property tax estimate: $2,561 per year ($213/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 TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms1
Living Area1,405 sqft
Lot Size0.23 acres
Year Built1940
Stories1
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48329
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionAluminum Siding, Vinyl Siding
BasementPartial
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Partially Finished
Sale & Financing
Listed7/8/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$2,764
State Equalized Value$84,230
Taxable Value$66,270
Parcel #1303277003
Source: Public Records
Legal Description
T3N, R9E, SEC 3 BIRD ISLAND LOT 90
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 Heather Rogers
Berkshire Hathaway HomeServices Michigan Real Est
Frequently Asked Questions about 4035 Island Park Drive, Waterford, MI 48329
Which school district serves 4035 Island Park Drive, Waterford, MI 48329?
Per MLS# 20261051563, 4035 Island Park Drive, Waterford, MI 48329 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.
Can I use FHA or VA financing for this property?
Per MLS# 20261051563, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 4035 Island Park Drive, Waterford, MI 48329?
Per public tax records, annual property taxes for this property are $2,764. 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, 4035 Island Park Drive, Waterford, MI 48329 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 4035 Island Park Drive, Waterford, MI 48329 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 4035 Island Park Drive, Waterford, MI 48329?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Public. Water: Public. 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.
Map
Tax Estimate
$
Annual tax$2,561
Monthly$213
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
$
%
$
$
$
Monthly payment$1,764
Principal & interest$1,550
Property taxes$213
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
4035 Island Park Drive, Waterford, MI 48329
View full property history →
Municipality
Waterford Township
View all listings →
County
Oakland County
View county overview →
Get email alerts for new listings near 4035 Island Park Drive
We'll notify you when something hits the market in Waterford Township or nearby.
Munro Real Estate · MI Broker #6502405404 · No spam, one-click unsubscribe.