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  • $1,934,600

    50672 Drakes Bay Dr, Novi, MI 48374

    5beds
    5baths
    4,594sqft
    SingleFamily
    Built in 2005
    1.03 Acres Lot
    $1,934,600 Zestimate®
    $421/sqft
    $4,954 Estimated rent

    Home value

    $1,934,600

    $1.78M - $2.11M

    $4,954/mo

    Zestimate® history
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    $4,954/mo

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    Rent Zestimate®

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    $10,429/mo

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    $10,429/mo

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    What's special

    MAGNIFICENT LAKE FRONT ESTATE! THIS EXQUISITE HOME HAS EXTENSIVE STONEWORK, PAVERS & LUSH PROFESSIONAL LANDSCAPING. BEAUTIFUL HARDWOOD FLRS ON MOST OF MAIN LEVEL. TONS OF CUSTOM FINISHES. FORMAL LR HAS FRENCH DOORS TO SPACIOUS CONSERVATORY W/SLATE FLR. 2 WAY GAS FP IN LR & CONSERVATORY. GOURMET KIT W/GRANITE, CENTER ISLAND, TILE BACKSPLASH, SS APPLIANCES & BUTLER'S PANTRY. 2 STORY GR FEATURES GAS FP W/STONE SURROUND & HUGE WALL OF WINDOWS TO ENJOY THE STUNNING LAKE VIEWS. 1ST FLR LIBRARY W/BUILT-INS. LUXURIOUS MASTER SUITE BOASTS HARDWOOD FLR, 2 SITTING AREAS, 4 WALK-IN CLOSETS W/BUILT-IN ORGANIZERS & DRESSING AREA W/FLR TO CEILING MIRRORS. ATTACHED BATH HAS JETTED TUB & SEPARATE SHOWER. PRINCESS SUITE & 2 ADDITIONAL BEDS W/JJ BATH. SPECTACULAR FIN WALKOUT LL HAS HUGE REC AREA W/CUSTOM WET BAR, THEATER, WORKOUT RM, CRAFT RM, SAUNA, WINE CELLAR, LARGE BED & BATH. ENJOY RESORT LIVING IN YOUR OWN BACKYARD W/LARGE DECK OVERLOOKING LAKE, 2 PAVER PATIOS, STONE FP & YOUR OWN PRIVATE BEACH.

    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
    Heating
    • Forced air, Gas
    Cooling
    • Central
    Appliances
    • Included: Dishwasher, Dryer, Garbage disposal, Microwave, Range / Oven, Refrigerator, Trash compactor, Washer
    Features
    • Wet Bar, Jetted Tub, Sound System, Sump Pump, High Speed Internet, Humidifier, Programmable Thermostat, Cable Available
    • Basement: Partially finished
    • Fireplace features: Gas, Living Room, Great Room
    Interior area
    • Structure area source: City
    • Total interior livable area: 4,594 sqft
    • Finished area below ground: 2483

    Property

    Parking
    • Parking features: Garage - Attached
    Features
    • Patio & porch: Deck, Patio, Porch - Covered
    • Exterior features: Stone, Brick
    • Pool features: Community
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Lake Front
    • Body of water: Island Lake
    • Frontage length: Frontage Feet: 163, Water Frontage Feet: 155.00
    Lot
    • Size: 1.03 Acres
    Details
    • Additional structures: CLUB HOUSE
    • Parcel number: 2219176011
    • Special conditions: Sale

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Colonial
    Materials
    • Roof: Asphalt
    Condition
    • Year built: 2005

    Utilities & green energy

    • Gas: Natural Gas
    • Sewer: Sewer-Sanitary
    • Water: Municipal Water
    • Utilities for property: Cable Available

    Community & HOA

    HOA
    • Has HOA: Yes
    • HOA fee: $90 monthly
    Location
    • Region: Novi

    Financial & listing details

    • Price per square foot: $421/sqft
    • Tax assessed value: $1,498,040
    • Exclusions: No Exclusions
    • Road surface type: Paved

    Price history

    DateEventPrice
    7/18/2019Sold$1,350,000-6.9%$294/sqft
    Source: Public Record Report a problem
    6/22/2019Pending sale$1,450,000$316/sqft
    Source: RE/MAX Classic #219045707 Report a problem
    6/5/2019Listed for sale$1,450,000-9.4%$316/sqft
    Source: RE/MAX Classic #219045707 Report a problem
    5/9/2013Sold$1,600,000+34.9%$348/sqft
    Source: Agent Provided Report a problem
    12/21/2005Sold$1,186,399$258/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025-- $749,020 -3.2%
    2024-- $774,000 -6.5%
    2023-- $828,120 +7.3%
    2022-- $771,470 +7%
    2021-- $720,700 +1.2%
    2020-- $712,350 -7.8%
    2019-- $772,500 +8.7%
    2015-- $710,950 +6.4%
    2014-- $668,250 +56.2%
    2011-- $427,800 -13.3%
    2010-- $493,200
    2009-- $493,200
    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
    $1,934,600
    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
    $1,934,600