1815 E Lake Dr, Novi, MI, 48377
About This Home
Direct all inquiries to Steve (co-lister). Welcome to your dream location. Take advantage of this unheard of amount of space (a combination of 5 1/2 lots) with water frontage on Walled Lake (a large, private, all-sports lake). This highly desired community does not pop up often, and for good reason. Directly adjacent to Novi’s Pavilion Shore Park, reap the benefits of ample free parking, a large playground, walking trails, and community events like morning yoga right outside your window. Lakeshore Park, another Novi highlight featuring fantastic mountain bike trails, sand volleyball courts, a large party shelter, and a great beach, is just a short walk away. This 2 bed, 1 bath home is newly remodeled, with a brand new kitchen, bathroom and roof. It is a perfect secondary lake property, investment opportunity to rent out, or tear down to take advantage of the combined lots and build your dream home! This property is being sold with heavy emphasis on the community, history, location, lot space, and water frontage. Price is firm, the seller still has a dream for this property - this is the price at which they will put their dreams aside for your own. *So as not to arbitrarily inconvenience the tenant, pre-approval/proof of funds is required prior to showing. **NO EXCEPTIONS**
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1940
Materials
- Foundation: Crawl Space
- Roof: Asphalt
- Construction materials: Wood Siding
Notable Dates
- Major remodel year: 2024
Type & Style
- Home type: SingleFamily
- Architectural style: Bungalow,Cape Cod
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Built In Electric Oven,Dishwasher,Disposal,Dryer,Free Standing Refrigerator,Microwave,Washer
Bedroom
- Level: Second
- Area: 140
- Dimensions: 14 X 10
Bedroom
- Level: Second
- Area: 126
- Dimensions: 14 X 9
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Dining Room
- Level: Entry
- Area: 204
- Dimensions: 17 X 12
Features
- Finished area above ground: 891
Heating
- Heating features: Baseboard,Natural Gas
Interior Area
- Total interior livable area: 891 sqft
Kitchen
- Level: Entry
- Area: 108
- Dimensions: 12 X 9
Living Room
- Level: Entry
- Area: 170
- Dimensions: 17 X 10
Loft
- Level: Second
- Area: 117
- Dimensions: 13 X 9
Other
- Level: Entry
- Area: 48
- Dimensions: 12 X 4
Other
- Level: Entry
- Area: 99
- Dimensions: 11 X 9
Property
Details
- Parcel number: 2202356003
- Special condition: Short Sale No,Standard
Features
- Levels: Two
- Stories: 2
- Entry location: GroundLevel
- Pool features: None
- Exterior features: Lighting
- On waterfront: Yes
- Waterfront features: Acrossthe Road Water Frontage,All Sports Lake,Private Water Frontage,Waterfront
- Waterbody name: Walled Lake
Lot
- Lot size: 0.29 Acres
- Features: Adjacentto Public Land,Corner Lot,Irregular Lot,Level,Water View
- Lot size dimensions: 127 x 80
Parking
- Parking features: No Garage
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Cold Wave
- Heat Wave
- Ice Storm
- Strong Wind
How This Home’s Risks Compare
FEMA Declared Disasters in Oakland County and Michigan
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,828 | $57,936 |
| Home Insurance * | $303 | $3,636 |
| Property Taxes | $994 | $11,928 |
| Electricity | $188 | $2,259 |
| Total | $6,313 | $75,756 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-16 | Listed for sale | $955,000 |
| 2026-02-10 | Listing removed | $950,000 |
| 2025-06-06 | Listed for sale | $950,000 |
| 1997-12-01 | Sold | $13,000 |
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