For Sale
5054 Kings Gate Way, Bloomfield Hills, MI 48302
$699,000
MLS # 26032054 (Michigan Regional Information Center (MichRIC))
4 beds3 baths2,845 sqftBuilt 19650.62 acres
1 / 33
Listing Description
Stately Colonial estate situated on a beautifully landscaped lot in one of Bloomfield Hills' most sought-after neighborhoods. A gated entrance welcomes you to this timeless residence featuring a grand two-story foyer with sweeping staircase, spacious formal and casual living areas, hardwood floors, and abundant natural light. The chef's kitchen offers custom cabinetry, granite countertops, oversized island, and generous prep space. Warm and inviting family room with exposed wood beams and impressive brick fireplace overlooks the private grounds. Expansive floor plan offers exceptional entertaining spaces and endless opportunity to personalize while preserving the home's classic elegance. Conveniently located near award-winning Bloomfield Hills Schools, premier country clubs, fine dining, shopping, and major expressways.
Source: SparkMLS
About this home
This 4-bedroom, 3-bath, 2,845 sq ft home built in 1965 sits in Bloomfield Township in Bloomfield Hills.
Listed at $699,000 (about $246/sq ft).
Annual property taxes run approximately $12,993 ($1,083/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
Bedrooms4
Bathrooms3
Living Area2,845 sqft
Lot Size0.62 acres
Year Built1965
Stories2
Location
CityBloomfield Hills
MunicipalityBloomfield Hills
Zip Code48302
CountyOakland
School DistrictBloomfield Hills
Construction & Systems
StyleColonial
ConstructionBrick
BasementFull
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorGarage Door Opener, Center Island, Eat-in Kitchen
Sale & Financing
Listed6/25/2026
Original Price$715,000
Terms AcceptedCash, VA Loan, Conventional
Source: SparkMLS
Tax Information
Annual Tax$7,549
Tax Year2025
State Equalized Value$349,400
Taxable Value$206,310
Assessed Value$206,310
Parcel #1920428006
Source: Public Records
Legal Description
T2N, R10E, SEC 20 WOOD LAKE HILLS LOT 25
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Alexa Ebenhoeh
The Charles Reinhart Company
Frequently Asked Questions about 5054 Kings Gate Way, Bloomfield Hills, MI 48302
Which school district serves 5054 Kings Gate Way, Bloomfield Hills, MI 48302?
Per MLS# 26032054, 5054 Kings Gate Way, Bloomfield Hills, MI 48302 is in the Bloomfield Hills boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Bloomfield Hills directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 26032054, this listing accepts Cash, VA Loan, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 5054 Kings Gate Way, Bloomfield Hills, MI 48302?
Per public tax records, annual property taxes for this property are $7,549 (2025). 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, 5054 Kings Gate Way, Bloomfield Hills, MI 48302 is not in an eligible area. USDA eligibility is based on property location — properties within designated urban zones are excluded. Other low-down-payment options (FHA, VA) may still be available.
Is 5054 Kings Gate Way, Bloomfield Hills, MI 48302 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 5054 Kings Gate Way, Bloomfield Hills, MI 48302?
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$12,993
Monthly$1,083
Millage rate37.1874 mills
Municipality: CHARTER TOWNSHIP OF BLOOMFIELD
School district: BIRMINGHAM CITY SCHOOL DIST
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$5,616
Principal & interest$4,534
Property taxes$1,083
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
5054 Kings Gate Way, Bloomfield Hills, MI 48302
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Municipality
Bloomfield Township
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County
Oakland County
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