Sold
50623 Chesapeake Drive, Novi, MI
Sold on 12/03/2025 for$1,450,000
MLS # 20251051066 (Realcomp)
5 beds6 baths6,465 sqftBuilt 20050.42 acres
1 / 84
Listing Description
Completely renovated from top to bottom! Do not miss this exceptional 5-bedroom, 5.1-bath home in the highly desirable Island Lake of Novi subdivision. A dramatic two-story foyer with heated flooring welcomes you inside. Enjoy the convenience of dual primary suites — one on the main level and one upstairs — both featuring beautifully updated spa-like bathrooms with heated tile floors and heated towel racks. The chef’s kitchen is a true showstopper, offering a massive waterfall island, Sub-Zero & Wolf appliances, heated tile flooring, and generous dining space. The great room boasts soaring ceilings, a sleek commercial-grade ceiling fan, and a modern fireplace — perfect for gatherings and relaxing. The fully finished walk-up lower level offers incredible additional living and entertainment space, including the potential for two extra bedrooms, a full bathroom, large recreation area, and a wet bar/second kitchen with dual refrigerators — ideal for hosting family and friends. Smart-home and security upgrades include a hardwired security camera system, additional motion-activated exterior camera lighting, and an alarm system for enhanced peace of mind. Additional highlights include a 3-car garage with epoxy flooring, paver patio, high-end finishes throughout, washer and dryer on both the entry and second level, and invisible-fence wiring for pets. Located in one of Novi’s premier luxury communities offering award-winning Novi Schools and world-class amenities: private boathouse, swimming pool, tennis & pickle-ball courts, lake access with boat slips, walking trails, food trucks, community events, and more — all just steps from your door. This is luxury living at its finest — welcome home!
Source: SparkMLS
About this home
5-bedroom, 6-bath, 6,465 sq ft home in Novi in Novi built in 2005.
Final sale price: $1,450,000 (about $224/sq ft).
Annual property taxes run approximately $12,886 ($1,074/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. Fiber internet is available at this address with download speeds up to 5,000 Mbps across 8 providers.
Tour
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms5
Bathrooms6
Living Area6,465 sqft
Lot Size0.42 acres
Year Built2005
Stories2
Location
CityNovi
MunicipalityNovi Twp
CountyOakland
School DistrictNovi
Construction & Systems
ConstructionBrick
Garage3 spaces
HeatingForced Air
SewerPublic
InteriorBasement Finished, Security System, Wet Bar
Sale & Financing
Listed11/4/2025
Sold Date12/2/2025
Terms AcceptedConventional
HOA
HOA Fee$343 / Quarterly
Source: SparkMLS
Tax Information
Annual Tax$14,847
State Equalized Value$467,630
Taxable Value$418,820
Parcel #2219377067
Source: Public Records
Legal Description
T1N, R8E, SEC 19 OAKLAND COUNTY CONDOMINIUM PLAN NO 1552 ISLAND LAKE ORCHARDS UNIT 169 L 30468 P 611 11-22-04 FR 300-007
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Zachary Ribitwer
KW Domain
Frequently Asked Questions about 50623 Chesapeake Drive, Novi, MI
Which school district serves 50623 Chesapeake Drive, Novi, MI?
Per MLS# 20251051066, 50623 Chesapeake Drive, Novi, MI is in the Novi boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Novi directly to confirm enrollment eligibility.
What financing options are available for 50623 Chesapeake Drive, Novi, MI?
Per MLS# 20251051066, this listing accepts Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 50623 Chesapeake Drive, Novi, MI?
Per public tax records, annual property taxes for this property are $14,847. 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, 50623 Chesapeake Drive, Novi, MI 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 50623 Chesapeake Drive, Novi, MI 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is available at 50623 Chesapeake Drive, Novi, MI. The maximum advertised download speed is 5.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 50623 Chesapeake Drive, Novi, MI?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: 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$12,886
Monthly$1,074
Millage rate27.5569 mills
Municipality: CITY OF NOVI
School district: NORTHVILLE PUBLIC SCHOOLS
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$10,593
Principal & interest$9,405
Property taxes$1,074
HOA$114
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
FiberDownload
5 Gbps
Upload
5 Gbps
FiberCableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
50623 Chesapeake Drive, Novi, MI
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Municipality
Novi
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County
Oakland County
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