1727 Crescent Lake Road

About this home

Incredible development opportunity in Waterford Township! Pre-Approved Site Plan for a Multi Family Living Facility for 82 Units. Included in Sale are survey, a complete set of Construction Drawings & Material List, completed plans for sanitary, water, storm & earth work. This expansive 7.32-acre parcel features 400 feet of road frontage with 773 feet of scenic frontage along the Clinton River, providing a beautiful natural backdrop. Zoned R-M2 Multi-Family use, offering massive potential for a premium residential development or multi-family project. Utilities are highly accessible with both municipal water and sewer available at the street. Conveniently located just north of Highland Road (M-59), this prime location balances tranquil river views with easy access to local amenities, shopping, and major thoroughfares. Bring your builders and your vision to this rare, high-potential acreage!

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 $999,900, and has been on the market 9 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 $2,638 a year. A buyer who lives here would pay about $1,801 to $18,622 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 when listed. Ask us for a lender quote.

Location

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