50596 DRAKES BAY DR $1,950,000

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    50596 DRAKES BAY DR Novi, MI 48374

    • 6 Beds
    • 5 Baths
    • 4,296 sq. ft.
    • Single-Family
    • MLS# 40180697
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    Views: 569 Days On Site: 117

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    Property Details

    Spectacular waterfront home in Island Lake of Novi which has been completely updated with all top of line flooring, fixtures, cabinets, countertops, appliances, new marble fireplace, closet organizers, window treatments, doorwall to deck, and more in 2020-2021! No expense has been spared in this 6 bedroom, 4 1/2 bath mansion with a 1st floor master and finished walkout basement with 2 additional bedrooms, exercise room, and full bath. The list continues with a whole-house sound system, 2 new garage doors and openers, a new under deck oasis below the large deck which then extends to a huge open patio with a view of the lake and private beach. The community clubhouse offers many amenities, plus an Olympic size pool, sand volleyball, tennis court, etc. All measurements are approximate.

    • General Features
      • Body of Water ISLAND LAKE
      • Acreage 1.09
      • Area Municipality Novi (63272)
      • Association Fee Y/N Yes
      • Bedrooms 6
      • County Oakland
      • Originating MLS RealComp
      • Ownership Private
      • Structure Style 2 Story
      • Subdivision ISLAND LAKE SHORES SOUTH OCCPN 1553
      • Waterfront Y/N Yes
      • Year Built 2005
    • Building Features
      • Architecture Style Colonial
      • Bedroom 1 Level First
      • Appliances Bar-Refrigerator, Dishwasher, Disposal, Dryer, Microwave, Other-See Remarks, Range/Oven, Refrigerator, Washer
      • Basement Type Finished, Walk Out
      • Cooling System Ceiling Fan(s), Central A/C
      • Exterior Construction Brick
      • Exterior Features Tennis Court(s)
      • Fireplace Features FamRoom Fireplace
      • Foundation Type Basement
      • Garage Type Attached Garage, Electric in Garage, Gar Door Opener, Side Loading Garage, Direct Access
      • Heating System Forced Air
    • Property Features
      • Lot Size 150x319x150x306
      • Roads Paved Street
      • Sewer Septic Public Sanitary
      • Water Public Water
      • Water Features Boat Facility, Dock/Pier Facility, Lake Frontage, Association Access, Waterfront
    • Schools
      • School District Novi Community School District

    Contact

    Mi Property Sisters Team

    Mi Property Sisters Team

    Mi Property Sisters

    RE/MAX Classic

    Team Phone: 248-938-9958

    Neighborhood

    48374 (Novi) Demographics

    38 Median Age
    1,694 Population Density (per sq. mile)
    71% College Educated
    $134,283 Estimated Median Income
    4,410 Estimated Total Home Owners
    467 Estimated Total Renters
    90% / 10% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    15,386 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $532,000 Median Sales Price
    28 Homes Sold
    23 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,950,000
        8/10/2021 12:50:57 PM Price Reduced Source: Multiple Listing Service New Value: $1,950,000 -2.5%
        6/1/2021 11:20:00 AM New in Database Source: Multiple Listing Service New Value: $2,000,000

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        **Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Information is provided in part by the IDX program of the MI Realsource Michigan Multiple Listing Service. All information provided is deemed reliable but is not guaranteed and should be independently verified.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.