Accepting backups

$330,000

1500 Three Lakes Dr, Troy, MI 48085

3beds

1,580sqft

$2,336/mo

Get pre-qualified

Single Family Residence

Built in 1969

0.43 Acres Lot

$421,600 Zestimate^®

$209/sqft

$25/mo HOA

What's special

Reimagine this mid-century, 3 bedroom, 1.5 bath, ranch style lakefront home on Pebble Lake, featuring a walkout lower level and beautiful water views. Whether you’re an investor looking for an opportunity to renovate and resell or a buyer ready to transform this property into your dream lakefront home, the house, lot, and location offer tremendous potential. Situated on a huge lot with a horseshoe driveway, two-car attached garage, and walkout lower level, the property offers beautiful views of Pebble Lake and a setting filled with possibilities. New roof installed in 2018 and replacement windows in 2020. Located in the highly desirable Emerald Lakes community and within the award-winning Troy School District. Property is being sold as-is. All buyers must be accompanied by a licensed Realtor, and all showings must be scheduled through ShowingTime. Buyer/Buyer Agent to Verify all Information.

3 days
1,842
127

Likely to sell faster than

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Primary bedroom

Level: Entry
Area: 140
Dimensions: 14 X 10

Bedroom

Level: Entry
Area: 110
Dimensions: 10 X 11

Bedroom

Level: Entry
Area: 180
Dimensions: 10 X 18

Other

Level: Entry
Area: 70
Dimensions: 10 X 7

Other

Level: Entry
Area: 20
Dimensions: 5 X 4

Other

Level: Entry
Area: 98
Dimensions: 14 X 7

Family room

Level: Entry
Area: 315
Dimensions: 15 X 21

Kitchen

Level: Entry
Area: 221
Dimensions: 17 X 13

Living room

Level: Entry
Area: 180
Dimensions: 15 X 12

Heating

Forced Air, Natural Gas

Features

Basement: Full,Unfinished,Walk Out Access
Has fireplace: Yes
Fireplace features: Family Room

Interior area

Total interior livable area: 1,580 sqft
Finished area above ground: 1,580

Property

Parking

Total spaces: 2
Parking features: Two Car Garage, Attached, Direct Access
Attached garage spaces: 2

Features

Levels: One
Stories: 1
Entry location: GroundLevel
Pool features: None

Lot

Size: 0.43 Acres
Dimensions: 125 x 150

Details

Parcel number: 2002401002
Special conditions: Short Sale No,Standard

Construction

Type & style

Home type: SingleFamily
Architectural style: Ranch
Property subtype: Single Family Residence

Materials

Brick
Foundation: Basement, Poured, Sump Pump
Roof: Asphalt

Condition

New construction: No
Year built: 1969

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Subdivision: EMERALD LAKES VILLAGE 5

HOA

Has HOA: Yes
HOA fee: $300 annually

Location

Region: Troy

Financial & listing details

Price per square foot: $209/sqft
Tax assessed value: $159,100
Annual tax amount: $8,254
Date on market: 8/28/2026
Cumulative days on market: 3 days
Listing agreement: Exclusive Right To Sell
Listing terms: Cash,Conventional
Exclusions: Exclusion(s) Do Not Exist

Estimated market value

$421,600

$384,000 - $455,000

$2,547/mo

Price history

Date	Event	Price
8/28/2026	Listed for sale	$330,000$209/sqft
Source: Realcomp II #20261069248 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$197,180 +5.5%
2024	--	$186,930 +5.8%
2023	--	$176,620 +8.7%
2022	--	$162,550 +5%
2021	--	$154,840 -0.9%
2020	--	$156,270 -2.9%
2019	--	$160,880 +18.2%
2015	--	$136,100 +6.8%
2014	--	$127,410 -2.7%
2011	--	$130,940
2010	--	$130,940 +3.2%
2009	--	$126,910 -11.1%
2003	--	$142,760 +23.2%
2002	--	$115,880 +18.2%
2001	$3,511 +5.3%	$98,040 +3.2%
2000	$3,334	$95,000