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Lotus and Maceday Lakes Lakefront Real Estate Sales

Madeday Lake Waterford Michigan Lakefront Homes for Sale

 

Maceday and Lotus are both all sports lakes and are connected for a total acreage of 419 acres. Maceday Lake is located in Waterford, Michigan. The majority of Lotus Lake is located in Waterford Township, but the northern tip falls into Independence Township (more commonly known as Clarkston). There is a public access site at Williams Lake Rd just east of Maceday Lake Rd.

Maceday and Lotus Lakes are all sports lakes– great for the water skier or jet skier in the summer and snowmobiler in the winter.

For the fisherman, Maceday Lake is a designated trout lakeand was stocked last fall with 1,000 lake trout with some of the Madeday Lake Waterford Michigan Lakefront Homes for Salefish being up to 18 inches long and ranging in age from 2-4 years. Maceday Lake was also stocked with 12,000 rainbow trout last year and another 12,760 rainbow trout earlier this year(April, 2010). It was stocked with 15,000 splake (brook trout/lake trout cross) in March of 2009 and 13,300 in April of this year.


In 2005 sale prices on Maceday and Lotus lakes ranged from $245,000 – $1,150,000.

In 2009 sale prices ranged from $76,000 – $590,000. 9 of the 12 sales in 2009 were under $200K and one of those sold for under $100K. Of the 12 sales in 2009 3 were bank owned, 3 were short sales, and there were 3 sold listings where the listing agent didn’t bother filling in the lake name field of the MLS. That is 25% of the sold listings that would not have come up in a search looking specifically looking for Lotus or Maceday Lake.

Madeday Lake Waterford Michigan Lakefront Homes for SaleSo far this year sale prices have ranged from $100,000 – $475,000. Of the 10 sales reported through the MLS only 3 sold for under $200,000 and none of those sold for under $100,000. Only 1 sale was bank owned; 6 were short sales.

If you are thinking of buying that lakefront home you might not have been able to afford a few years ago (prices are down significantly from just a few years ago) now is a good time to start looking. Most of the sales this year on Maceday and Lotus Lakes have been short sales and usually take about 6 months to close. Buying a lakefront short sale now should get you in in time to enjoy your summer on the water.

Oakland County Michigan Lakefront Homes for Sale

Oakland County Michigan Lake Information

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