4860 Cooley Lake Road

About this home

Lakefront Living on Crescent Lake: Over 270' of Frontage with Adjacent Lot Included! Welcome to this 1,668 sq ft, 3-bedroom, 1.5-bath raised ranch on all-sports Crescent Lake, offering a park-like setting and over 270' of combined lake frontage. The home sits on one parcel, and the adjacent vacant parcel is included, giving you room to entertain, play, or plan for the future. Each lot has its own parcel ID and can be split. Step inside through the arched entry with sidelights to an open-concept main level designed around the view. The updated kitchen, dining area, and living room flow together, with warm wood cabinetry, stainless steel appliances, and new LVP flooring throughout. A large sectional fits easily in the living space, and sliding glass doors open to a deck overlooking the water, perfect for morning coffee or sunset dinners. The bath features a ceramic tile shower and slate floor. The walkout basement adds flexible living space and takes you straight out to the lakefront. Outside, the sprawling lawn, picnic area, and seating by the water make the most of the setting. The property has its own dock and boat launch, so you can be out on the water in no time. A gravel drive provides plenty of parking, and the 2-car attached garage keeps your gear close at hand. Major updates are already done, including a new roof and soffits with recessed lighting in 2026. The furnace was replaced in 2022, and the AC and windows date to 2011. Whether you’re looking for a year-round home or a weekend getaway, this lakefront property is ready for you. Schedule your showing today!

Interior

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 $545,000, or $264 per square foot, 53% above the city median, and has been on the market 3 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 $3,890 a year. A buyer who lives here would pay about $3,603 to $10,150 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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