Saturday, 16 December 2017

Waterfront Homes for sale on Orchard Lake in Orchard Lake Village MI

Written by Posted On Wednesday, 12 April 2017 14:16
I wanted to give you a quick market outlook on waterfront homes for sale on Orchard Lake in Orchard Lake Village MI.  Most of Metro Detroit is a seller's market especially in the lower price ranges from $60,000 to $500,000.  It is the same way with lakefront properties for sale in Oakland County MI   in those price ranges.  There is not a lot of inventory.  I looked in one area near west Bloomfield and there were only 4 lake homes for sale in the $500,000 to $560,000 price range.  That is very low. 
Orchard Lake in Oakland County MI
However when you get up in the higher price points of lake homes in Oakland County you will find a different situation.  Lake homes over a million dollars are sitting longer.  Buyers are choosier and have a larger inventory to work with.  So I wouldn't quite call it a buyers market, but large luxury lake estates are taking longer to sell

Here is the most current list of Orchard Lake waterfront homes for sale, Orchard Lake Michigan as of 4/12/2017.  The lake is one of the largest lakes in southeastern Michigan.  It is a highly sought after lake because of the communities it lies in and because of the school district where the children will go.

The lake lies in the community of Orchard Lake Village and there is at least one home that sits in West Bloomfield Township.  The children on the lake would go to West Bloomfield schools if they do not go to private schools or are home schooled.   Orchard Lake is a 788 acre public all sports lake that is ideal for water sports, sailing, swimming, and fishing.

Most of the Orchard Lake homes & properties for sale in Orchard Lake Village are on city water and sewer.  I would call Orchard Lake one of the prestigious lakes in the area because of it’s size and because of the price point of the lake homes.  You will find many of the lakefront houses are over a million dollars when listed.   I have never seen an old lakefront cottage on the lake.  I believe most of them have been torn down to make way for luxury estates.

You will find many custom built luxury lakefront estate with the latest amenities, gourmet kitchens, and beautiful master bedroom suites.

What a beautiful view of Orchard Lake

Here is a list of homes for sale on the lake and what has sold in the last year

Address

Curren

 

t Price

Close PriceClose DateBeds TotalBaths.LavsEst Fin Abv Grd SqFt
3795 INDIAN TRL $1,090,000     4 3.10 3,742
3785 Indian TRL $1,325,000     4 4.00 4,243
4657 TWIN FAWN LN $2,399,000     4 5.20 5,903
4536 ORCHARD TRAIL CRT $2,649,000     5 6.20 8,300
3868 Vista LN $2,675,000     6 8.50 8,400
4021 COMMERCE RD $3,100,000     3 3.20 6,247
3151 W Shore $5,900,000     7 11.40 17,092
4054 OAK BANK CRT $1,150,000 $1,150,000 11/10/2016 4 3.10 2,362
3329 W SHORE DR $1,350,000 $1,350,000 11/28/2016 6 4.10 5,597
3499 W SHORE $3,300,000 $3,300,000 06/01/2016 4 5.20 6,671

 

Of course you cannot walk into these lake homes without a pre-approval.  Owners of these beautiful luxury homes do not want just anybody wandering through their homes.  So you have to have a valid pre-approval letter before you look. http://www.oaklandcountylakesmi.com

 
 
 
 
 
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