For Sale
903 S. Lake Drive, Novi, MI
$549,900
MLS # 20261032109 (Realcomp)
0.15 acres
1 / 33
Listing Description
RARE OPPORTUNITY TO BUILD YOUR DREAM HOME W/ PRIVATE LOT ON WALLED LAKE! 42 FEET OF FRONTAGE ON WALLED LAKE. FENCED WITH SEAWALL. 903 South Lake Drive is a vacant lakefront property–in Novi–waiting for a new home on highly desirable Walled Lake, an all-sports lake. Includes both vacant lot and fenced-in lake lot with seawall. The waterfront lot directly across the street is also 41.50 ft. wide. 903 South Lake Drive has access to city water and sewer. This property is in Walled Lake School District. There are five restaurants on the lake that you can access by boat, bike or foot. There are beaches on the Walled Lake and Novi sides of the lake, as well as two City of Novi parks (Lakeshore & Pavilion Shore) that are walkable from the property. This location in Novi has very easy access to expressways. It is just a mile from Twelve Oaks Mall and other shopping and dining. The property is just steps away from Novi’s largest park, the newly renovated Lakeshore Park. It is also a very short walk from Pavilion Shore Park, where you will find plenty of greenspace for picnics, play, and waterfront relaxation. Mercer Beach is also conveniently on the north side of the lake and in downtown Walled Lake. Driving around Walled Lake, you will find examples of homes that have been built on same or similar-sized lots as this one. We've included pictures of narrow type homes for ideas. This is an amazing opportunity to build your dream home with lakefront property on Walled Lake--Cash, Land Contract, Conventional Loans Considered. Don't miss your chance to own this one-of-a-kind property!
Source: SparkMLS
About this home
Asking $549,900.
Property tax estimate: $1,029 per year ($86/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeLand
Bathrooms0
Lot Size0.15 acres
Location
CityNovi
MunicipalityNovi City
CountyOakland
School DistrictWalled Lake
Sale & Financing
Listed5/7/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$1,029
Parcel #2203451015
Source: Public Records
Legal Description
T1N, R8E, SEC 3 IDLEMERE PARK LOT 18
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Not Eligible
Verify eligibility at USDAListed by Rick D Nessel
National Realty Centers, Inc
Frequently Asked Questions about 903 S. Lake Drive, Novi, MI
Which school district serves 903 S. Lake Drive, Novi, MI?
Per MLS# 20261032109, 903 S. Lake Drive, Novi, MI is in the Walled Lake boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Walled Lake directly to confirm enrollment eligibility.
What type of financing is accepted for this listing?
Per MLS# 20261032109, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 903 S. Lake Drive, Novi, MI?
Per public tax records, annual property taxes for this property are $1,029. 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, 903 S. Lake 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 903 S. Lake 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 utilities serve 903 S. Lake Drive, Novi, MI?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. 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
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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$3,567
Principal & interest$3,567
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
903 S. Lake Drive, Novi, MI
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Municipality
Novi
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County
Oakland County
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