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    2691 Crystal Lake Drive Commerce Twp, MI 48382

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    For Sale
    $1,799,990

    Cape Cod,Contemporary,Farmhouse,Country French - Commerce Twp, MI

    Type:Farm
    Property size:
    3,253 SF
    Lot size:
    0.50 Acres
    Added:
    Jan 6, 2026
    Days on Market:
    85
    Last Refresh:
    Apr 1 at 2:06 am

    Property Features for 2691 Crystal Lake Drive

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Property condition
    New Construction
    Bedrooms
    5
    Bathrooms
    5
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Driveway, Garage
    Interior features
    Humidifier, Furnished - No
    Exterior features
    Fenced, Water View, Boat Facilities
    Fencing
    Fenced
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Garbage Disposer, Microwave, Range, Refrigerator, Refrigerator - Built-in, Washer
    Standard status
    Active
    APN
    1708301141
    Size
    3,253 SF
    Lot size
    0.50 Acres

    Taxes and HOA fees

    TaxAnnualAmount
    7842
    Expense value
    90
    Expense
    Home Owner Assessments Fee
    Expense freq.
    Monthly

    Utilities

    Heating system
    Fireplace(s), Forced Air, Natural Gas
    Cooling system
    Central Air
    Water front features
    Beach Access, Lake Front, Lake Privileges, No Motor Lake, Crystal Lake, Waterfront
    Water front
    1

    Building Details

    Year built
    2026
    Floors in Building
    2
    Building materials
    Brick, Other, Stone
    Roof type
    Asphalt, Shingle
    Architectural style
    Cape Cod

    We can help!

    Listing Contact
    Sandra Chmiel

    Listing agent Sandra Chmiel

    Listing office Robertson Brothers Company 6905 Telegraph Ste 200, Bloomfield Hills, MI

    Listing date Jan 6, 2026

    MLS# 20261000976 Listing URL

    Copyright © 2026 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

    Crystal Lake Waterfront Home

    Located in the exclusive Crystal Lake community in Commerce Twp, this property features a lakefront homesite. The home is currently under construction, with anticipated completion in the summer of 2026. Designed by Robertson, the floor plan incorporates walls of windows overlooking the lake. The home spans 3253 square feet and includes a first-floor primary suite, with three additional bedrooms on the second level. The finished walkout lower level features a fifth bedroom, a full bath, a TV room with a centrally located fireplace, and a bar area. The lot size is 0.5 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Real Estate Agency Law Firm Building Supply Gym & Fitness Center Auto Repair Shop Pharmacy Accounting Firm Big Box & Wholesale Store Kitchen & Bath Showroom Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Commerce Twp
    County
    Oakland
    State
    Michigan
    Longitude
    -83.5077
    Latitude
    42.5893

    Nearby Similar for Sale

    • $475,000
      3,299 SF

      Union Lake Commercial Property Available

      Well-maintained commercial property in high-traffic Union Lake location.
      2515 Union Lake Road, Commerce Twp, MI 48382
      View Details
    • $4,249,000
      15,975 SF

      Turnkey Multifamily Investment Opportunity

      Well-maintained 25-unit apartment complex with value-add potential.
      629 W Maple Road, Commerce Twp, MI 48017
      View Details
    • $825,000
      3,117 SF

      Established Convenience Store with Rental Income

      20+ year convenience store with liquor, beer, wine, lotto.
      1215 W Oakley Park Road, Commerce Twp, MI 48390
      View Details

    FAQs

    What type of property is this?
    Specialty property - Luxury lakefront home in exclusive Commerce Twp community, under construction.
    Where is this specialty property located?
    The property is located at 2691 Crystal Lake Drive Commerce Twp, MI.
    What is the asking price?
    The asking price for this property is $1,799,990.
    What are key features of this property?
    This property features: Lakefront property on Crystal Lake, a no‑motor lake in an exclusive community.; New construction with anticipated completion in Summer 2026.; First‑floor primary suite.
    (248) 644-3460
    We can help!
    Listing Contact
    Sandra Chmiel
    Real Estate License ID: 6501277655
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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