00 Forest Bay Drive
Waterford, MI 48328
Improved Land · MLS # 20261040622 · Listing courtesy of KW Domain
About this home
An exceptional opportunity to build your custom estate in the prestigious gated enclave of Forest Bay Subdivision. Ideally situated on a premium corner setting, Lot #31 offers approximately 0.24 acres at the intersection of Forest Bay Drive and Island View Drive—an elegant canvas for your architectural vision. This offering is further distinguished by a rare deeded boat slip on Cass Lake, Oakland County’s largest all-sports lake, providing effortless access to boating, waterfront leisure, and an elevated lake lifestyle. The parcel’s favorable topography presents the potential for a walkout lower level, allowing for expansive living spaces and seamless indoor-outdoor design. Located within the highly regarded Waterford School District and just moments from upscale dining, boutique shopping, and everyday conveniences, this residence site delivers both privacy and accessibility. A rare and refined offering—secure your place among one of Waterford’s most exclusive lake-access communities and bring your vision to life.
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Waterford
Over the last 90 days, 251 homes sold in Waterford for a median of $268,000, about $172 per square foot, and the typical one went under contract in 12 days. This home is listed at $250,000, and has been on the market 195 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Waterford sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $1,836 a year. A buyer who lives here would pay about $1,247 to $4,656 a year once the taxable value resets after the sale, at the 2025 homestead rate of 36.88 mills for Waterford Twp and Waterford schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate and HOA when listed. Ask us for a lender quote.
Location
Similar homes in Waterford
IDX information provided courtesy of Realcomp II Ltd. via The MJA Company at National Realty Centers, © 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data updated Nov 14, 2026, 7:59 PM.