1127 S Lake DR , Novi
$150,000
About this home
Discover the appeal of Walled Lake living at 1127 S Lake Drive, Unit 109, a ground-level, one-bedroom condo in Novi's South Pointe community, offering shared lakefront access, beach privileges, and a low-maintenance lifestyle. Step inside to a comfortable living room with natural light and carpeting installed in 2023, with room to unwind or welcome guests. The adjoining kitchen offers wood cabinetry, an electric range, refrigerator, microwave, and dishwasher, while the bedroom and full bathroom are conveniently located on the same level. An in-unit washer and dryer add everyday practicality. Beyond the condo, enjoy a private community waterfront area on Walled Lake, with boat slips available subject to association arrangements. Follow the scenic walking and biking path along South Lake Drive, or spend time in the building's two shared gathering spaces, including an upper-level space with a spacious balcony. A pool table and exercise equipment provide additional opportunities to relax and stay active close to home. One assigned covered carport space and guest parking add convenience, while monthly association dues include water, trash, snow removal, and grounds and structural maintenance. Experience lake-area recreation and easy single-level living in this established Novi 55+ condominium community.
The facts
| Price | $150,000 |
| Beds | 1 |
| Baths | 1 full |
| Square feet | 629 |
| Type | Condominium |
| Subdivision | SOUTH POINTE CONDO |
| County | Oakland |
| MLS # | 20261082146 |
| Listed | 2026-10-15 |
| Days on market | 9 |
| Year built | 1991 |
| Possession | At closing |
| Stories | 1 story |
| Heating | Forced air, Natural gas |
| Foundation | Slab |
| Water / Sewer | City water & sewer |
| Waterfront | Walled Lake |
| Parcel number | 2203383010 |
| Listing office | EXP Realty The Perna Team |
Property taxes: the seller's bill vs. yours
| This seller today | You, the year after buying | |
|---|---|---|
| Taxable value | $67,930 | about $75,000 |
| Yearly property tax | $2,140 | about $2,724 |
Michigan caps a homeowner's taxable value until the home sells, then it resets. That's about $584 a year more than this seller pays. The assessor's state equalized value (SEV) is $73,050. Your taxable value resets to the SEV the year after you buy, and assessors usually raise it to about half the sale price. Estimate uses Novi's 2025 homestead rate of 36.32 mills and assumes you claim the homestead exemption. See Novi's full tax breakdown or run the uncapping calculator.
Ask Match Realty about this home
IDX provided courtesy of Realcomp II Ltd. via Match Realty LLC and Realcomp II Ltd, ©2026 Realcomp II Ltd. Shareholders. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Listings refreshed 2026-10-25T23:19+00:00; refreshed at least twice daily.