For Sale
5264 Cooley Lake Road, Waterford, MI 48327
$650,000
MLS # 20261033318 (Realcomp)
4 beds3 baths2,460 sqftBuilt 20250.26 acres
1 / 63
Listing Description
Experience waterfront living in this stunning 2025 new construction with dedicated private frontage on all-sports Elizabeth Lake. Designed for modern, low-maintenance living, this 4-bedroom, 2.5-bath colonial offers nearly 2,500 square feet of bright, open-concept space with direct lake access and your own private seawall just steps from the front door.The beautifully designed kitchen features custom cabinetry, stainless steel appliances, and a large center island perfect for entertaining. A functional mudroom with built-ins is conveniently located off the attached garage. Upstairs, you’ll find second-floor laundry, a spacious primary suite, and a versatile bonus room ideal for a home office, nursery, or flex space.Enjoy outdoor living on the backyard patio while still being just moments from the water’s edge. Optional membership to the Elizabeth Lake Estates Improvement Association provides access to additional amenities including a private beach, boat launch, parkland, and community events.A rare opportunity to own a brand-new home with true lake frontage and year-round enjoyment on all-sports Elizabeth Lake.
Source: SparkMLS
About this home
Located in Waterford Township in Waterford, this property offers 4-bedroom, 3-bath, 2,460 sq ft, with original construction dating to 2025.
Asking $650,000 (about $264/sq ft).
Property tax estimate: $4,078 per year ($340/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 Area2,460 sqft
Lot Size0.26 acres
Year Built2025
Stories2
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48327
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionVinyl Siding
BasementCrawl Space
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed5/13/2026
Terms AcceptedCash, Conventional, VA Loan
HOA
HOA Fee$50 / Annually
Source: SparkMLS
Tax Information
Annual Tax$6,821
State Equalized Value$134,110
Taxable Value$121,180
Parcel #1328409033
Source: Public Records
Legal Description
T3N, R9E, SEC 28 ELIZABETH SHORES LOTS 27 & 28 5-13-24 FR 023 & 024
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 Jaime Burkhart
Preferred, Realtors® Ltd
Frequently Asked Questions about 5264 Cooley Lake Road, Waterford, MI 48327
What school district is 5264 Cooley Lake Road, Waterford, MI 48327 in?
Per MLS# 20261033318, this property is served by Waterford. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 20261033318, the seller has indicated this property accepts the following financing types: Cash, Conventional, VA Loan. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20261033318, the most recent reported annual property tax for 5264 Cooley Lake Road, Waterford, MI 48327 is $6,821. 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.
Is 5264 Cooley Lake Road, Waterford, MI 48327 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 5264 Cooley Lake Road, Waterford, MI 48327 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
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.
How safe is this area?
Per our practice, crime and safety data should be obtained directly from the authoritative source. Oakland County law enforcement agencies participate in CLEMIS (Courts and Law Enforcement Management Information System) for public safety records.
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Tax Estimate
$
Annual tax$4,078
Monthly$340
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$4,560
Principal & interest$4,216
Property taxes$340
HOA$4
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
5264 Cooley Lake Road, Waterford, MI 48327
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Municipality
Waterford Township
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County
Oakland County
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