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24374 Terra Del Mar Dr, Novi, MI, 48374

5beds
5baths
4,779sqft
$995,000
$208price/sqft
$6,900/moest. monthly cost
$276,000/yrincome needed

About This Home

Beautiful 5 bed, 4.5 bath colonial in Novi's highly sought-after Island Lakes! Surrounded by professional mature landscaping home offers exceptional curb appeal & a thoughtfully designed flr plan ideal for everyday living & entertaining. 2 story foyer welcomes you into the freshly painted interior, where rich hardwd flrs flow throughout. Double French drs open to private 1st flr library. The formal living rm flows seamlessly into the elegant dining rm w/tray ceiling, creating the perfect setting for holiday gatherings & special occasions. The gourmet kit is a chef's dream, featuring granite counters, a center island, pendant lighting, ss appliances incl new gas stove/cooktop w/down draft vent, & a bright breakfast nook w/door wall leading to deck. Stunning 2 story great rm is filled w/natural light & showcases soaring ceilings & gas fp w/brick surround. Retreat to the luxurious primary suite through grand double doors, where you'll find an oversized wic & en suite bath w/soaking tub & separate shower. Princess suite & two addit beds share a convenient Jack & Jill bath, providing comfort & privacy for family & guests alike. The 1800 sq ft fin walkout lower level boasts large rec area, wet bar, home theater, 5th bed, & full bath—ideal for entertaining, overnight guests or multi-generational living. New sump pump. Step outside to the paver patio w/built-in fire pit, the perfect setting for relaxing evenings or hosting friends, while the expansive deck provides another inviting outdoor living space. Island Lake offers exceptional amenities, incl clubhouse, in-ground pool, fitness rm, tennis & pickleball crts, walking & biking trails, a 170-acre lake w/private beach & a charming gazebo just across the street. Golf enthusiasts will love being just a short walk from The Links of Novi Golf Course. Located near premier shopping, dining, parks, major expressways, & award-winning Novi schools, w/the bus stop conveniently at your front door, this home truly has it all!

Getting Around

8
WalkingCar-Dependent
0
TransitVery Limited Transit
48
BikeSomewhat Bikeable

Schools

10/10
Novi Middle SchoolGrades 5-81.3 mi
8/10
Novi High SchoolGrades 8-122.7 mi
10/10

Construction

Condition

  • Year built: 2006

Materials

  • Foundation: Basement,Poured,Sump Pump
  • Roof: Asphalt
  • Construction materials: Brick,Other

Type & Style

  • Home type: SingleFamily
  • Architectural style: Colonial
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Built In Electric Oven,Dishwasher,Disposal,Dryer,Free Standing Refrigerator,Gas Cooktop,Humidifier,Microwave,Stainless Steel Appliances,Washer,Wine Refrigerator

Basement

  • Has basement: Yes
  • Basement: Finished,Walk Out Access

Bedroom

  • Level: Second
  • Area: 143
  • Dimensions: 13 X 11

Bedroom

  • Level: Second
  • Area: 168
  • Dimensions: 14 X 12

Bedroom

  • Level: Second
  • Area: 169
  • Dimensions: 13 X 13

Bedroom

  • Level: Basement
  • Area: 169
  • Dimensions: 13 X 13

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 5
  • Full bathrooms: 4
  • 1/2 bathrooms: 1

Dining Room

  • Level: Entry
  • Area: 208
  • Dimensions: 16 X 13

Family Room

  • Level: Basement
  • Area: 1200
  • Dimensions: 50 X 24

Features

  • Wet Bar
  • Fireplace features: Gas,Great Room
  • Fireplace: Yes
  • Finished area below ground: 1,300
  • Finished area above ground: 3,479

Great Room

  • Level: Entry
  • Area: 378
  • Dimensions: 21 X 18

Heating & Cooling

  • Heating features: Forced Air,Natural Gas
  • Cooling features: Ceiling Fans,Central Air

Interior Area

  • Total interior livable area: 4,779 sqft

Kitchen

  • Level: Entry
  • Area: 260
  • Dimensions: 20 X 13

Laundry

  • Level: Entry
  • Area: 48
  • Dimensions: 8 X 6

Library

  • Level: Entry
  • Area: 132
  • Dimensions: 12 X 11

Living Room

  • Level: Entry
  • Area: 252
  • Dimensions: 18 X 14

Other

  • Level: Second
  • Area: 84
  • Dimensions: 12 X 7

Other

  • Level: Second
  • Area: 48
  • Dimensions: 8 X 6

Other

  • Level: Basement
  • Area: 60
  • Dimensions: 10 X 6

Other

  • Level: Entry
  • Area: 49
  • Dimensions: 7 X 7

Other

  • Level: Entry
  • Area: 150
  • Dimensions: 15 X 10

Primary Bathroom

  • Level: Second
  • Area: 176
  • Dimensions: 16 X 11

Primary Bedroom

  • Level: Second
  • Area: 462
  • Dimensions: 22 X 21

Property

Details

  • Parcel number: 2219376040
  • Special condition: Short Sale No,Standard

Features

  • Levels: Two
  • Stories: 2
  • Entry location: GroundLevelwSteps
  • Pool features: Community,In Ground
  • Patio & porch: Deck,Patio
  • Exterior features: Lighting
  • Waterfront features: Lake Privileges
  • Waterbody name: Island Lake

Lot

  • Lot size: 0.32 Acres
  • Features: Sprinklers
  • Lot size dimensions: 96 x 145

Parking

  • Total spaces: 3
  • Parking features: Three Car Garage,Attached,Direct Access,Electricityin Garage,Garage Door Opener,Side Entrance
  • Has garage: Yes
  • Attached garage spaces: 3

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

  • Cold Wave
    Cold WaveRelatively High
  • Tornado
    TornadoRelatively High
  • Heat Wave
    Heat WaveModerate
  • Ice Storm
    Ice StormModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Tornado
Heat Wave
Ice Storm
Strong Wind

FEMA Declared Disasters in Oakland County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

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

MonthlyAnnual
Mortgage $5,031$60,372
Home Insurance *$312$3,744
Property Taxes $1,036$12,432
Electricity $521$6,255
Total$6,900$82,800
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$236,571/yr
40% on housing$207,000/yr
45% on housing$184,000/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

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.

Insurance Growth Rate5-year average: 14.2%
14.2%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.0%
0.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$208This listing

vs Other Active Listings

Avg $/sqft

ZIP 48374$249
Oakland County$199

vs Homes Sold Last Month

Median $/sqft

ZIP 48374$205
Oakland County$192

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

DateEventPrice
2026-08-04Price change$950,000
2026-07-14Price change$995,000
2026-07-10Listed for sale$1,075,000
2026-07-04Listing removed$4,895
2026-06-18Price change$4,895
2026-06-13Listed for rent$5,200
2010-08-23Sold$527,500
2006-07-14Sold$622,782

For Sale by Agent

AgentJamey Kramer
BrokerageRE/MAX Classic

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