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Price: $1,438,000 50254 Drakes Bay Dr, Novi MI 48374 MLS® #: 219003983

  • 4 Beds
  • 4.5 Bath
  • 4,150 SqFt
  • $346.51 / SqFt
  • Year Built: 2005

Description of 50254 Drakes Bay Dr, Novi

HIGHLY SOUGHT AFTER LAKEFRONT PROPERTY W/BREATHTAKING VIEWS FROM ALMOST EVERY ROOM OF THIS SUNLIT HOME. GRAND 2-STORY FOYER W/CURVED STAIRCASE, GLEAMING HARDWOOD FLOORS T/O THE MAIN FLOOR & IMPRESSIVE HIGH CEILING FAMILY RM W/2-STORY WINDOWS. 2ND STAIRCASE & CUSTOM FIREPLACE. 1ST FLR MASTER SUITE W/VOLUME CEILING, SITTING AREA, HIS & HERS WALK-IN CLOSETS. EURO SHOWER & WHIRLPOOL TUB. OPEN & AIRY CUSTOM ISLAND KITCHEN GREAT FOR ENTERTAINING W/GRANITE COUNTER TOPS, PREMIUM STAINLESS STEEL APPLIANCES. ENJOY SUN-FILLED SOLARIUM W/180 DEGREE SCENIC LAKE VIEWS. SPACIOUS 2ND FLOOR LOFT, GOOD SIZED JACK/JILL BATH BEDRMS PLUS PRIVATE ENSUITE. BEAUTIFUL FINISHED WALKOUT LOWER LEVEL FEATURES EXQUISITE SERVING BAR, ENTERTAINING AREA & EXERCISE ROOM. ELEGANT MILL WORK, SURROUND SOUND & MAINTENANCE FREE DECK, BRICK PAVER PATIO. WALKING DISTANCE TO BOATHOUSE, POOL, TENNIS CRT, PLAY AREA, FITNESS CENTER, AND INCOMPARABLE ISLAND LAKE, A 170 ACRE LAKE THAT OFFERS FISHING, BOATING & SWIMMING.

About this Property

This 4 bedroom home is located in the Island Lake Shores South Occpn 1553 neighborhood at 50254 Drakes Bay Dr, Novi Mi 48374. This $1,438,000 property has approximately 6,650 square feet and was built in 2005. This home is located in the Novi school district. Properties located in the Novi district have an average price per square foot of $163/SqFt. Houses with similar square footage range in price from $599,900 to $1,438,000 and have an average price per square foot of $126/SqFt. The average priced home in 48374 with 4 bedrooms is $625,152. Depending on where you live in Novi your children and/or teenagers may go to the Northville school district, Novi school district, Walled Lake school district, or South Lyon school district. This home is a lakefront property and overlooks Island Lake. It is priced at $216/SqFt which is -17% below the average asking price per square foot of $261/SqFt of lakefront homes in Novi. 50254 Drakes Bay Dr currently has property taxes in the amount of $20,233, which are assessed as homestead and therefore at the lowest tax rate.

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Stats for Zipcode 48374 for last 4 Months

Average Listing Price Average $/sqft Average $/sqft Sold Average Listing/Sale ratio Number of Sold Homes
$548,244.33 $152.41 $109.12 143.33% 61

Essential Information

Waterfront Features

Interior Features

Cable Available, Central Vacuum, Humidifier, Jetted Tub, Pets Allowed, Programmable Thermostat, Security Alarm (owned), Sound System, Sump Pump, Wet Bar

Exterior Features

Club House, Gazebo, Outside Lighting, Pool - Common, Sprinkler(s), Tennis Court

Floor Plan

Level
  • Master Bedroom 27 x 16 Entry
  • Bedroom 215 x 13 Upper
  • Bedroom 318 x 12 Upper
  • Bedroom 412 x 12 Upper
  • Breakfast Room15 x 11 Entry
  • Dining Room16 x 13 Entry
  • Family Room21 x 18 Entry
  • Kitchen22 x 25 Entry
  • Library15 x 11 Entry
  • Living Room16 x 15 Entry
  • Florida Room24 x 10 Entry

School Information

Community Information

Lot Information

  • Lot DimensionsIRREGULAR
  • Front Footage100
  • Acres1.00

Appliances

Bar Fridge, Dishwasher, Disposal, Microwave, Refrigerator, Stove

Additional Information

  • Assessment82.74
  • DirectionsW off Wixom Rd, N of 10 Mile
  • HomesteadYes
  • Land ContractNo
  • Road FrontPaved
  • OwnershipPrivate - Owned
  • Home WarrantyNO
  • Site DescriptionIrregular, Lake View

Parking Information

  • Garage FeatureAttached, Direct Access, Door Opener, Electricity, Side Entrance
  • # of Garages3
  • Garages3 Car

Listing Details

Subdivision

ISLAND LAKE SHORES SOUTH OCCPN 1553

Interior

  • HeatingForced Air, Zoned
  • CoolingCeiling Fans 2+, Central Air
  • FireplaceY
  • FireplacesGas, Family Room
  • Fuel TypeGas
  • Water Fuel TypeGas
  • FoundationBasement
  • Basement DescriptionFinished, Walkout Access

Exterior

  • ExteriorBrick
  • SewerSewer-Sanitary
  • Water SourceMunicipal Water
  • Porch TypeDeck, Patio, Porch
  • Has PoolY

Tax Description

T1N, R8E, SEC 19 OAKLAND COUNTY CONDOMINIUM PLAN NO 1553 ISLAND LAKE SHORES SOUTH UNIT 20 L 30468 P690 8-28-03 FR 400-011

Square Footage

  • Square Footage SourcePRD
  • Above Ground Finished4,150
  • Lower Finished2,500
  • Total Finished6650

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