Homes Under $500K in the Lakes Area

This page features current homes for sale under $500,000 in Oakland County's Lakes Area, including Commerce Township, Walled Lake, Waterford Township, White Lake, Wixom and Wolverine Lake.  Listings are updated continuously from the MLS.

Whether you're just beginning your search or actively looking for a home, I hope this page helps you explore what's available in these communities.

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Current Homes for Sale Under $500K

3920 Wint Rd, Commerce Charter Township
$447,000
3 Beds ⋅ 2 Baths ⋅ 20261035392 MLS
Escape to your own private lakeside retreat with this charming 3-bedroom, 1.5-bath home nestled on a peaceful half-acre lot with over an incredible 350 feet of water frontage. Surrounded by mature trees and natural beauty, this unique property offers a rare private peninsula setting that provides unmatched privacy and panoramic lake views. Inside, you’ll find a warm and inviting layout highlighted by a four-season room overlooking the water. It's the perfect place to enjoy morning coffee, sunset views, or cozy evenings year-round. Outside, the expansive shoreline offers endless opportunities for boating, fishing, swimming, or simply relaxing by the lake. The property also features two storage sheds for all your outdoor equipment, lake toys, and gardening needs. Whether you’re searching for a full-time residence, vacation getaway, or investment opportunity, this waterfront gem combines tranquility, space, and breathtaking scenery in one unforgettable setting.

3920 Wint Rd, Commerce Charter Township

Courtesy of Real Estate One-Commerce 2483638300
5687 Carroll Lake Rd, Commerce Charter Township
$385,000
2 Beds ⋅ 2 Baths ⋅ 20261035357 MLS
Your New Built Beauty... See yourself cooking in this high-end custom kitchen, or just lounging by the gas fireplace. Even your dog will be happy watching you rinse his paws in warm water from the outdoor faucet. You will love luxuriating in your large custom tiled shower while the gas Washtower will have you and your clothes looking your best. Don’t worry, the tankless hot water heater can handle it all. Here’s a partial list of what’s in your new two-bedroom/two bathroom home… • New custom build on three combined lots • Lake access on two lakes • Anderson casement windows • 30 mill luxury vinyl flooring • Custom tiled gas fireplace • Samsung appliances-convection microwave, Washtower, ice/water in fridge • Quartz countertops • Custom cabinets with pantry • Water softener • Hot water outdoor faucet • Additional electric heat in both bathrooms • Custom ceiling fan • Custom tile in shower and bathtub • 199,000 BTU tankless hot water

5687 Carroll Lake Rd, Commerce Charter Township

Courtesy of Beycome Brokerage Realty LLC 8046565007
7978 Hoffman Dr, Waterford Charter Township
$409,900
3 Beds ⋅ 3 Baths ⋅ 20261034225 MLS
Gorgeously renovated modern-style colonial in the desirable Timberwood Ridge subdivision, primely located in the heart of Waterford! Situated on a large private lot backing to woods, this beautifully updated home features a stunning 2-story foyer, vaulted ceiling great room with fireplace, recessed lighting, and an elegant chandelier centerpiece. The gorgeous kitchen offers white shaker cabinetry, veined quartz countertops, newer stainless steel appliances, and beautiful flooring throughout. Spacious bedrooms, updated bathrooms with modern finishes and glass shower, plus new carpet upstairs. Enjoy the convenience of a first-floor primary suite, first-floor laundry, ample storage, and a fully finished carpeted basement with recessed lighting, half bath, and office space—perfect for entertaining. Relax on the backyard deck overlooking the oversized private yard. Newer roof and furnace complete this move-in ready home in a fantastic location! All measurements are approximate agent to verify.

7978 Hoffman Dr, Waterford Charter Township

Courtesy of Keller Williams Legacy 3137520000
3036 Shawnee Ln, Waterford Charter Township
$375,000
3 Beds ⋅ 2 Baths ⋅ 20261030016 MLS
Offered by the original owner, this 3-bedroom, 2 full bath home presents a rare opportunity to create your dream home with 75 feet of canal frontage on desirable Schoolhouse Lake, a 37-acre all-sports lake, and has access to nearby lakes, including Lake Oakland—perfect for boating, kayaking, and year-round enjoyment. With 1,924 square feet of living space, this home features a functional layout with a walk-out lower level and endless potential for updates and customization. The canal setting provides a peaceful backyard retreat away from main lake traffic, while still offering quick and convenient access to open water. Additional highlights include a circular driveway, a large two-tier deck overlooking the water, and a spacious yard ready to be transformed. Located in a quiet, friendly neighborhood within the Waterford School District and just minutes from shopping, dining, and everyday conveniences. A true opportunity to invest in waterfront living and make it your own.

3036 Shawnee Ln, Waterford Charter Township

Courtesy of @properties Christie's Int'l R E Rochester 2482180234
6591 Windiate Rd, Waterford Charter Township
$469,900
3 Beds ⋅ 4 Baths ⋅ 20261027475 MLS
Motivated Seller!! Lake living with a twist! Enjoy the best of an all-sports lake lifestyle without paying the premium for a home sitting directly on the water. This custom-built Waterford home sits on high ground and includes two deeded lakefront parcels directly across the road, offering 90 feet of frontage on Lester Lake (ID# 13-05-126-018 and 13-05-126-019). From your waterfront parcels, boat on Lester Lake and connect to Van Norman and Greens Lakes, or grab a kayak or canoe and explore Lotus and Maceday Lakes. The spacious 3-bedroom, 3.5-bath home features an open-concept layout, beautiful lake views, and an expansive 30' x 15' deck overlooking the pool—perfect for summer entertaining. The finished walkout lower level adds an incredible amount of flexibility with its own private entrance, full kitchen, separate laundry area, luxurious full bath with a large tiled walk-in shower, and two additional rooms that could be used as bedrooms, offices, a gym, hobby rooms, or extended family living space. Add in abundant storage for all your lake toys and the opportunity to enjoy multiple connected lakes, and you have a home that offers far more than just a place to live—it offers a true year-round lake lifestyle.

6591 Windiate Rd, Waterford Charter Township

Courtesy of Century 21 Professionals Troy 2485241600
977 Boston Ave, Waterford Charter Township
$184,900
3 Beds ⋅ 1 Baths ⋅ 20261026420 MLS
Welcome to 977 Boston Avenue, this 3 bedroom 1 bathroom ranch. Major updates already done for you—featuring a tear-off roof and new gutters (2024), plus a furnace (2019) and a newer HWT. This move-in-ready home offers a fresh coat of paint throughout the house, and a kitchen equipped with stainless steel appliances. Situated on a spacious lot, the property provides plenty of outdoor potential while being centrally located just off Telegraph and Elizabeth Lake Road, offering easy access to shopping, dining, and everyday conveniences.

977 Boston Ave, Waterford Charter Township

Courtesy of Century 21 Curran & Oberski 2482641700
3667 Falcons Nest, White Lake Charter Township
$57,000
3 Beds ⋅ 2 Baths ⋅ 58050204700 MLS
Welcome to your new haven in the charming Meadow Lake community! This spacious three-bedroom, two-bathroom manufactured home boasts a unique layout that offers both privacy and functionality. As you enter, you'll find a cozy living room area, partially separated by a wall, creating a sense of intimacy while still maintaining an open feel. The open kitchen and dining area is a chef's dream, featuring ample counter space that wraps around into a convenient barstool seating area. The kitchen is a highlight, equipped with tons of cabinetry, a newer faucet, and dishwasher, ensuring everything you need is at your fingertips. A full walk-in pantry adds to the functionality, making meal prep a breeze. All kitchen appliances, including the fridge, stove, dishwasher, and microwave, will remain with the home. The dedicated laundry room is an added bonus, complete with a washer (less than a year old) and dryer. The home also features a newer hot water tank! Enjoy modern comforts with recessed lighting in the kitchen and a ceiling fan in the living room. Each bedroom features walk-in closets, offering plenty of storage. The primary bathroom is spacious, boasting a standing shower with a sliding glass door and additional built-in cabinetry for your convenience. The home also features a brand new storm door! Nestled in a picturesque location that provides a country feel, this home is part of a community that offers fantastic amenities. Enjoy access to a clubhouse, pool, fully equipped exercise room, playground, and RV storage area. Don't miss out on this meticulously maintained home! Schedule a viewing today and experience the perfect blend of comfort and community living.

3667 Falcons Nest, White Lake Charter Township

Courtesy of KW Platinum 5869490200
210 Rosebud St, Walled Lake
$384,900
3 Beds ⋅ 3 Baths ⋅ 20261015486 MLS
Living room has fireplace and doorwall to large deck also dinette Primary bedroom with full bath and walk in closet ,primary bedroom has fireplace and 6x12 deck overlooking Walled Lake.Home recent updates fresh paint throughout New floor coverings throughout . Note access to lake must be a member for beach access, boat docks currently no available space. New garage door and opener. New appliances Full basement Beach and Boat access available Newly installed new High efficiency furnace. Terex deck size 28x29 no maintenance.

210 Rosebud St, Walled Lake

Courtesy of Michael John Proctor 2489311018
945 N Commerce Rd, Commerce Charter Township
$299,900
3 Beds ⋅ 2 Baths ⋅ 20251055679 MLS
Move-In Ready and Beautifully Updated Ranch! This Inviting Commerce Township Home Features *All New Stainless Steel GE Kitchen Appliances*, *Brand-New Washer and Dryer*, and a Newly Poured Concrete Front Porch for Fantastic Curb Appeal. Enjoy the Comfort of New Carpet in the Enclosed 3 Season Porch, Perfect for Relaxing. Fresh Paint Throughout Gives a Clean, Modern Feel. Municipal Water (Not Well). Located In Award Winning Walled Lake School District! Ideally Near Shopping, Dining, and Major Roadways, This Home Offers Convenience, Comfort, and Outstanding Value. Nothing To Do But Move In — Schedule Your Showing Today!

945 N Commerce Rd, Commerce Charter Township

Courtesy of Remerica United Realty 2483441800
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