Waterford, MI 48328,1191 Parkway
Waterford, MI 48328,1191 Parkway
Waterford, MI 48328,1191 Parkway
14
$2,280,000
$2,200,000
3.6%
Est.Price: ?

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6.65 Acres Lot

1191 Parkway Waterford, MI 48328

Est. payment /mo
SOLD DATE : 06/05/2025

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Key Details

Sold Price $2,280,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Municipality Waterford Twp

Subdivision Waterford Twp

MLS Listing ID 20250023840

Sold Date 06/05/25

Annual Tax Amount $18,746

Lot Size 6.650 Acres

Acres 6.65

Lot Dimensions IRR

Source Realcomp

Property Description

Calling for Highest and Best Offers: Offer must be submitted no later than 10:00 am on Friday, May 2nd. The offer must include the P A, copy of EMD check, Lender approval letter OR "Proof of Funds". There will be no extensions to the deadline... Agent will reach out if there are any clarifications needed, otherwise, all responses will be returned by Sunday - May 4th.HOT! ATTENTION MARINA OWNERS, MULTI- OR SINGLE-FAMILY RESIDENTIAL DEVELOPERS. Don't miss this exceptionally rare opportunity to own an enormous, coveted property on Cass Lake - - one of Oakland County, Michigan's premier All-Sports Lakes. This property is unique in that there is a significant amount of lake frontage relative to the total area. Never-before offered, 3-generation-owned estate lakefront property is in a prime location with approx. 500 ft of direct water frontage, 15.45 acres (incl. riparian areas) (approx. 6.65 upland acres), and a stunning, panoramic sunrise view on serene Coles Bay. This rare gem will transport you to times past having a 1,344 sq ft (appraisal) house and a 750 sq ft “clubhouse” circa 1940-50s. Enhancements include a boat ramp; sandy beach; shallow swim area; 250 ft of new (2021) seawall and 4 paved parking spaces. It has been leased for the past 60+ years to a family-owned and operated marina with approx. 60 slips. (Seller has lease termination rights.) Currently zoned CR: Commercial Recreation but under township's Master Plan, the option is available for single family use. The number of remaining subdivision development parcels similar to this parcel in terms of size and water frontage is exceedingly small within the relevant market area. Alternatively, the scarcity of overall docking space on Cass Lake makes this property particularly attractive for continued marina use. Combine this parcel with 90 ft of direct water frontage on Seller's SECOND simultaneously-listed adjacent parcel to the south. BATVAI.

Location

State MI

County Oakland

Area Oakland County - 70

Zoning Multi-Family,Recreation,R

Direction west off Cass Lake Rd onto Cass Elizabeth Lake Rd to south on Parkway - property on east side of street

Exterior

Waterfront Description Lake

View Y/N No

Building

Lot Description Corner Lot, Level, High Bank

Schools

School District Waterford

Others

Tax ID 1335302006

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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Listed by Coldwell Banker Professionals

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agent

Tyler Glass

Agent | License ID: 6501443258

+1(616) 446-9473

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