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Off market
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  • $1,902,200

    50292 Drakes Bay Dr, Novi, MI 48374

    5beds
    7,009sqft
    SingleFamily
    Built in 2006
    1 Acres Lot
    $1,902,200 Zestimate®
    $271/sqft
    $6,293 Estimated rent

    Home value

    $1,902,200

    $1.73M - $2.07M

    $6,293/mo

    Zestimate® history
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    $6,293/mo

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    $6,293/mo

    Rent Zestimate®

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    $10,273/mo

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    $10,273/mo

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    What's special

    IMPRESSIVE WATERFRONT HOME IN ISLAND LAKE OF NOVI with 7,000 SF of finely appointed living space featuring dramatic two-story great room with 180 degree lake views, sun-filled solarium, beautifully finished lower level walk-out with entertainer's kitchen/bar, home theater, billiards zone and gym. A cascading waterfall and brick-paved Governors circle drive with auto court welcome you home to this grand 5 BR + Den / 4.5 bath Colonial, carefully designed to deliver an easy, elegant lake lifestyle. In the backyard, enjoy the tranquil lake beauty from the masonry deck, sunbathe on your private sandy beach, sit with friends around the fire pit, or untether your kayak or boat from your very own dock and explore Island Lake. Your options are endless at this fine property on the shores of Island Lake of Novi. Acclaimed Novi Schools!

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 5
    • Full bathrooms: 5
    Heating
    • Forced air, Electric, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Freezer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Trash compactor, Washer
    Features
    • Flooring: Tile, Carpet, Hardwood
    • Basement: Finished
    • Has fireplace: Yes
    Interior area
    • Total interior livable area: 7,009 sqft

    Property

    Parking
    • Total spaces: 4
    • Parking features: Garage - Attached
    Features
    • Exterior features: Brick
    • Has spa: Yes
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    Lot
    • Size: 1 Acres
    Details
    • Parcel number: 2219401004

    Construction

    Type & style
    • Home type: SingleFamily
    Materials
    • Roof: Tile
    Condition
    • Year built: 2006

    Community & HOA

    Community
    • Features: Fitness Center
    HOA
    • Has HOA: Yes
    • HOA fee: $107 monthly
    Location
    • Region: Novi

    Financial & listing details

    • Price per square foot: $271/sqft
    • Tax assessed value: $1,543,560

    Price history

    DateEventPrice
    5/9/2018Sold$1,315,000-2.6%$188/sqft
    Source: Public Record Report a problem
    3/1/2018Pending sale$1,350,000$193/sqft
    Source: Northville #217099151 Report a problem
    11/23/2017Listed for sale$1,350,000+10.2%$193/sqft
    Source: Keller Williams Rlty Northville Mkt Ctr #217099151 Report a problem
    10/22/2012Sold$1,225,000$175/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $771,780 -3.3%
    2024-- $797,720 -6.6%
    2023-- $853,850 +7.4%
    2022-- $794,790 +7.1%
    2021-- $742,250 +1.2%
    2020-- $733,450 -7.8%
    2019-- $795,400 +8.1%
    2015-- $735,900 +6.5%
    2014-- $691,050 +56.2%
    2011-- $442,300 -13.2%
    2010-- $509,600
    2009-- $509,600
    Find assessor info on the county website

    Neighborhood: 48374

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Novi

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $1,902,200
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,902,200