1062 FOREST BAY Drive
Waterford, MI 48328
Unimproved Land · MLS # 20261045776 · Listing courtesy of Community Choice Realty Inc
About this home
If you’ve been searching for the perfect spot to build a custom home in Waterford, 1062 Forest Bay checks every single box. This gorgeous lot sits right on the pond in the highly sought-after, gated Forest Bay Subdivision. The absolute best part of this deal is the deeded boat slip at the neighborhood marina. Having direct access to Oakland County's biggest all-sports lake means your summers just got a massive upgrade. Plus, the entire neighborhood is a golf cart community, making it incredibly fun and easy to pack up your cooler and cruise right down to the private sandy beach, meet up with neighbors at the community fire pit, or challenge friends to a game of pickleball. The land itself has a great slope for a walkout basement, which is perfect if you want massive windows and easy access to a backyard patio. Plus, you’re in a fantastic school district and right down the road from great restaurants and boutique shopping. Properties in exclusive lake-access communities like this do not pop up often—don't let this one slip away!
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 $235,000, and has been on the market 105 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 $2,381 a year. A buyer who lives here would pay about $1,584 to $4,377 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
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