For Sale
5535 Lake Vista Drive, Waterford, MI 48327
$289,999
MLS # 20261051375 (Realcomp)
3 beds2 baths1,800 sqftBuilt 19780.26 acres
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Listing Description
Welcome home to your year-round staycation! Tucked away on a quiet dead-end street and nestled between the beautiful wooded surroundings and great Elizabeth Lake, this turn-key 3-bedroom, 1.5-bathroom split-level home offers the perfect blend of peace, privacy, and premier lake living—all with NO HOA fees. Boasting 1,447 sq. ft. of comfortable above-ground living space, plus an additional 400 sq. ft. in the finished daylight basement, this layout is designed for both everyday functionality and seamless entertaining. The heart of the lower-level family room is a cozy gas fireplace, perfect for warming up after winter trail walks or crisp autumn evenings. Step outside to enjoy a sprawling, level, and fully fenced 0.26-acre backyard—complete with a covered front porch, rear patio, and a handy storage shed for all your gear. The ultimate perk? You’ll enjoy full lake privileges, neighborhood beach access, and boat dock facilities on the highly sought-after, all-sports Elizabeth Lake. When you aren’t on the water, you're just a 2-minute stroll away from the scenic trails of Donnie’s Woods. Car enthusiasts and hobbyists will love the oversized 2.5-car attached garage, featuring direct home access, a side entrance, and a dedicated workshop space. Conveniently located just a short drive from M-59, you get the tranquility of a hidden retreat with quick access to shopping, dining, and easy commuting. Schedule your tour today and start living the lake-life dream!
Source: SparkMLS
About this home
Located in Waterford Township in Waterford, this property offers 3-bedroom, 2-bath, 1,800 sq ft, with original construction dating to 1978.
Listed at $289,999 (about $161/sq ft).
Estimated annual property tax: $3,660, or about $305 monthly. 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 Area1,800 sqft
Lot Size0.26 acres
Year Built1978
Stories3
Location
CityWaterford
MunicipalityWaterford Twp
Zip Code48327
CountyOakland
School DistrictWaterford
Construction & Systems
ConstructionBrick, Wood Siding
BasementCrawl Space, Daylight
Garage2.5 spaces
HeatingForced Air
WaterPublic
SewerPublic
InteriorBasement Finished, Humidifier
Sale & Financing
Listed7/14/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$3,969
State Equalized Value$120,360
Taxable Value$101,910
Parcel #1328377011
Source: Public Records
Legal Description
T3N, R9E, SEC 28 SUPERVISOR'S PLAT NO 51 LOT 36
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 Timothy Tripon
Community Choice Realty Inc
Frequently Asked Questions about 5535 Lake Vista Drive, Waterford, MI 48327
Which school district serves 5535 Lake Vista Drive, Waterford, MI 48327?
Per MLS# 20261051375, 5535 Lake Vista Drive, 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 type of financing is accepted for this listing?
Per MLS# 20261051375, 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 5535 Lake Vista Drive, Waterford, MI 48327?
Per public tax records, annual property taxes for this property are $3,969. 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, 5535 Lake Vista Drive, Waterford, MI 48327 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 5535 Lake Vista Drive, 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 5535 Lake Vista Drive, 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$3,660
Monthly$305
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$2,186
Principal & interest$1,881
Property taxes$305
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
5535 Lake Vista Drive, Waterford, MI 48327
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Municipality
Waterford Township
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County
Oakland County
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