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    1815 E Lake Dr Novi, MI 48377

    For Sale
    $950,000

    Vacant Land - Novi, MI

    Lot size:
    0.29 Acres
    Days on Market:
    158
    Last Refresh:
    Dec 6 at 5:06 am

    Property Features for 1815 E Lake Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    APN
    2202356003
    Exterior features
    Adjacent To Public Land, Corner Lot, Irregular, Level, Water View, All Sports Lake
    Lot size
    0.29 Acres

    Utilities

    Water front features
    Beach Access, All Sports Lake, Walled Lake, Waterfront
    Water front
    1

    Building Details

    Architectural style
    Other

    Keller Williams Showcase Realty (248) 406-2921 [email protected]

    Listing agent Kaitlyn Mather (248) 360-2900

    Listing date Jul 2, 2025

    MLS# 20251007454 Listing URL

    Copyright © 2025 Realcomp Limited II. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Waterfront Land in Desirable Novi

    This property offers a unique opportunity with a combination of five and a half lots featuring water frontage on Walled Lake, a large, private, all-sports lake. Situated in a highly desirable community, the location is directly adjacent to Novi’s Pavilion Shore Park, providing access to ample free parking, a large playground, walking trails, and community events. Lakeshore Park, another Novi highlight, is also within walking distance, offering mountain bike trails, sand volleyball courts, a large party shelter, and a beach. The property includes a newly remodeled 2-bedroom, 1-bathroom home with a brand new kitchen, bathroom, and roof. It can serve as a secondary lake property, a rental investment, or be torn down to take advantage of the combined lots and build a custom home. The property is being sold with emphasis on the community, history, location, lot space, and water frontage. The lot size is approximately 0.29 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Novi
    County
    Oakland
    State
    Michigan
    Longitude
    -83.4749704
    Latitude
    42.5114376

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    FAQs

    What type of property is this?
    Single family property - Spacious waterfront land with development potential in a prime location.
    Where is this single family property located?
    The property is located at 1815 E Lake Dr Novi, MI.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - Water frontage on Walled Lake (all-sports lake).; - Combination of 5 1/2 lots offering ample space.; - Directly adjacent to Novi’s Pavilion Shore Park with free parking, playground, walking trails, and community events.
    (248) 360-2900
    Request Owner's contact information
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1815 E Lake Dr Novi, MI 48377
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