903 S. Lake Drive
Novi, MI 48377
Unimproved Land · MLS # 20261032109 · Listing courtesy of National Realty Centers, Inc
About this home
RARE OPPORTUNITY TO BUILD YOUR DREAM HOME W/ PRIVATE LOT ON WALLED LAKE! 42 FEET OF FRONTAGE ON WALLED LAKE. FENCED WITH SEAWALL. 903 South Lake Drive is a vacant lakefront property–in Novi–waiting for a new home on highly desirable Walled Lake, an all-sports lake. Includes both vacant lot and fenced-in lake lot with seawall. The waterfront lot directly across the street is also 41.50 ft. wide. 903 South Lake Drive has access to city water and sewer. This property is in Walled Lake School District. There are five restaurants on the lake that you can access by boat, bike or foot. There are beaches on the Walled Lake and Novi sides of the lake, as well as two City of Novi parks (Lakeshore & Pavilion Shore) that are walkable from the property. This location in Novi has very easy access to expressways. It is just a mile from Twelve Oaks Mall and other shopping and dining. The property is just steps away from Novi’s largest park, the newly renovated Lakeshore Park. It is also a very short walk from Pavilion Shore Park, where you will find plenty of greenspace for picnics, play, and waterfront relaxation. Mercer Beach is also conveniently on the north side of the lake and in downtown Walled Lake. Driving around Walled Lake, you will find examples of homes that have been built on same or similar-sized lots as this one. We've included pictures of narrow type homes for ideas. This is an amazing opportunity to build your dream home with lakefront property on Walled Lake--Cash, Land Contract, Conventional Loans Considered. Don't miss your chance to own this one-of-a-kind property!
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Novi
Over the last 90 days, 145 homes sold in Novi for a median of $485,000, about $190 per square foot, and the typical one went under contract in 11 days. This home is listed at $549,900, and has been on the market 150 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Novi sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $1,029 a year. A buyer who lives here would pay about $2,687 to $8,898 a year once the taxable value resets after the sale, at the 2025 homestead rate of 32.04 mills for Novi City and Walled Lake 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
Similar homes in Novi
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, 8:18 PM.