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1576 Bayview St, Lake Orion, MI, 48362

1beds
1baths
652sqft
$240,000
$368price/sqft
$1,941/moest. monthly cost
$77,640/yrincome needed

About This Home

This rare investment opportunity offers a waterfront lot on Square Lake in Lake Orion, Michigan. The existing structure is a tear-down, allowing for a custom luxury build on a private, serene shoreline. Property Overview: Prime Location, Situated on the tranquil Square Lake, this lot features high-value frontage with sweeping lake view and exceptional privacy. Boating Regulations: To maintain its peaceful atmosphere, the lake is designated as an electric-only waterway; gasoline-powered motors are strictly prohibited. Speed Zones: The entire lake operates under a slow-no wake speed ensuring quiet and safety for residents. Recreation: The private lake is ideal for swimming, kayaking, and electric pontoon boating. Neighborhood Amenities Schools: Located within the high-performing Lake Orion Community Schools District. Local Attractions: Proximity to Orion Oaks County Park (900+ acres with dog parks and Polly Ann Trail) & Orion Twp. Public Library. Close to Indianwood Country & Golf Club.

Getting Around

1
WalkingCar-Dependent
0
TransitVery Limited Transit
28
BikeSomewhat Bikeable

Schools

8/10
8/10
Scripps Middle SchoolGrades 6-82.2 mi

Construction

Condition

  • Property condition: Fixer
  • Year built: 1940

Materials

  • Construction materials: Wood Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Bar Fridge,Dryer,Microwave,Range/Oven,Refrigerator,Washer,Water Heater
  • Laundry features: First Floor Laundry

Basement

  • Basement: Crawl Space

Bathroom1

  • Level: Main
  • Area: 45

Bedroom1

  • Level: Main
  • Area: 168

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bathrooms: 1
  • Main level bedrooms: 1

Family Room

  • Level: Main
  • Area: 320

Features

  • Eat-in Kitchen
  • Finished area below ground: 0
  • Finished area above ground: 652

Heating & Cooling

  • Heating features: Floor Furnace,Propane
  • Cooling features: Ceiling Fan(s),Window Unit(s)

Interior Area

  • Total structure area: 652
  • Total interior livable area: 652 sqft

Kitchen

  • Level: Main
  • Area: 104

Property

Details

  • Parcel number: 0909430022
  • Zoning description: Residential
  • Special condition: Private

Features

  • Levels: One
  • Stories: 1
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: Lake Front,Waterfront,No Gas Motors
  • Waterbody name: Lake
  • Frontage length: 89

Lot

  • Lot size: 0.57 Acres
  • Lot size dimensions: 170 x 256 x 89.2 x 198

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 WaveModerate
  • Heat Wave
    Heat WaveModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave
Tornado

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 $1,213$14,556
Home Insurance *$116$1,392
Property Taxes $424$5,088
Electricity $188$2,259
Total$1,941$23,292
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$66,548/yr
40% on housing$58,230/yr
45% on housing$51,760/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

$368This listing

vs Other Active Listings

Avg $/sqft

ZIP 48362$285
Oakland County$199

vs Homes Sold Last Month

Median $/sqft

ZIP 48362$209
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)

No zestimate history available

Price History

DateEventPrice
2026-08-10Price change$220,000
2026-05-12Listed for sale$240,000
1997-07-24Sold$115,000

For Sale by Agent

AgentGary Papak
BrokerageKeller Williams Realty Lakeside

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