For Sale
5131 Elizabeth Lake Road, Waterford, MI 48327
$399,900
MLS # 26031059 (Michigan Regional Information Center (MichRIC))
3 beds2 baths1,370 sqftBuilt 19640.32 acres
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Listing Description
*Back on the market at no fault of seller! Experience the best of lakefront living on beautiful Crescent Lake! This exceptional waterfront home offers stunning panoramic views and an open-concept floor plan designed to capture the beauty of the lake from the moment you walk through the door. Expansive windows fill the main living area with natural light while showcasing breathtaking water views, and several bedrooms offer the same peaceful lakeside scenery. The spacious kitchen is the heart of the home, feathuring ample counter space, abundant cabinetry, and a seamless flow into the dining and living areas- perfect for entertaining guests or enjoying quiet evenings at home. Whether hosting summer gatherings, watching sunsets over the water, or simply relaxing with your morning coffee, every day feels like a getaway. Whole house generator included in sale
Source: SparkMLS
About this home
Located in Waterford Township in Waterford, this property offers 3-bedroom, 2-bath, 1,370 sq ft, with original construction dating to 1964.
Currently offered at $399,900 (about $292/sq ft).
Property tax estimate: $5,456 per year ($455/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
Bedrooms3
Bathrooms2
Living Area1,370 sqft
Lot Size0.32 acres
Year Built1964
Stories1
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48327
CountyOakland
School DistrictWaterford
Construction & Systems
StyleRanch
ConstructionBrick, Vinyl Siding
BasementSlab
Garage2 spaces
HeatingBaseboard
WaterPublic
SewerPublic
InteriorCeiling Fan(s), Garage Door Opener, Hot Tub Spa, Center Island, Eat-in Kitchen
Sale & Financing
Listed7/17/2026
Terms AcceptedCash, VA Loan, Conventional
Source: SparkMLS
Tax Information
Annual Tax$4,920
Tax Year2025
State Equalized Value$179,420
Taxable Value$124,660
Assessed Value$124,660
Parcel #1328226004
Source: Public Records
Legal Description
T3N, R9E, SEC 28 CRESCENT LAKE SHORES LOT 1 EXC BEG AT NE LOT COR, TH W ALG LOT LINE 132.66 FT TO NW LOT COR, TH SELY ALG LOT LINE 50 FT, TH NELY TO ELY LOT LINE PT DIST S ALG LOT LINE 13 FT FROM NE LOT COR, TH NWLY ALG LOT LINE 13 FT TO BEG
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by LeAnne E Hagemann
RE/MAX Perrett Associates - Marshall
Frequently Asked Questions about 5131 Elizabeth Lake Road, Waterford, MI 48327
Which school district serves 5131 Elizabeth Lake Road, Waterford, MI 48327?
Per MLS# 26031059, 5131 Elizabeth Lake Road, Waterford, MI 48327 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 financing options are available for 5131 Elizabeth Lake Road, Waterford, MI 48327?
Per MLS# 26031059, 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 5131 Elizabeth Lake Road, Waterford, MI 48327?
Per public tax records, annual property taxes for this property are $4,920 (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, 5131 Elizabeth Lake Road, Waterford, MI 48327 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 5131 Elizabeth Lake Road, Waterford, MI 48327 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 5131 Elizabeth Lake Road, Waterford, MI 48327?
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$5,456
Monthly$455
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$3,048
Principal & interest$2,594
Property taxes$455
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
5131 Elizabeth Lake Road, Waterford, MI 48327
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Municipality
Waterford Township
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County
Oakland County
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