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5305 Elmgate Bay Dr, Orchard Lake, MI, 48324

$6,900,000

8 Bedrooms
8 Full Baths, 2 Partial
12,866 SqFt
$536/SqFt
House

Location

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Property Highlights

Home TypeResidential
ParkingAttached
Attached Garage3 spaces
Year Built1991
HeatingNatural Gas, Forced Air
CoolingCentral Air
BasementYes
WaterfrontLake, Dock Facilities
FireplaceGas, Basement, Dining Room, Double Sided, Family Room, Great Room, Library, Living Room, Primary Bedroom
Private PoolYes
MLS #20240069608
Lot Size2.22 Acres
StatusActive

About 5305 Elmgate Bay Dr

Discover this extraordinary estate situated on over 2 acres of prime property along the shores of Upper Straits Lake. This meticulously updated residence has been renovated to perfection, offering almost 13,000 square feet of luxurious living space. The grand foyer, featuring a stunning Cinderella staircase, sets a sophisticated tone throughout the home, which is designed to offer the ultimate in elegance and comfort. The residence is thoughtfully designed with numerous areas for both entertaining and unwinding, ensuring every detail meets the highest standards of refinement. The kitchen is a true masterpiece, equipped with two custom built-in refrigerators, top-of-the-line cabinetry, and exquisite stone surfaces. The oversized island provides the ideal workspace in this sumptuous kitchen and is complemented by a dedicated Miele coffee station. The breakfast area boasts breathtaking views of the lake and provides access to the back deck. Choose from a stunning family room, a spacious living room, or one of the many cozy sitting rooms. A first-floor ensuite bedroom completes this level. The second-floor primary suite is a private retreat, featuring a lavish bathroom, a separate sitting area with lake views, a fireplace, a wet bar, and a laundry area. Four additional bedrooms and three luxurious bathrooms complete this level, while the third floor offers two additional bedrooms and a full bath. The lower level offers a spectacular variety for recreation, including a great room with a fireplace, a game room, and a spa area equipped with two showers and a laundry room. An oversized swimming pool with a jacuzzi can be used year-round and is complemented by a dry sauna for rejuvenation. The property also boasts maintenance-free decking across the entire back of the home and a brick paver terrace, providing numerous options for enjoying the expansive grounds and magnificent views. Additional features include lake access, docking, two elevators, central vacuum system, and surround sound system. Smart Home!

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1991
  • Stories: 2
  • Living Area: 12,866 SqFt

Listing Office:

  • Office Name: Max Broock, REALTORS®-Birmingham
  • Office Phone: (248) 644-6700
  • Listing Agent: Katherine E Broock

Interior Features

Interior Information:

  • Appliances: Gas Range, Refrigerator, Dishwasher, Disposal, Exhaust Fan, Microwave, Range Hood, Bar Fridge
  • Basement: Yes
  • Interior: Indoor Pool
  • Fireplace: Gas, Basement, Dining Room, Double Sided, Family Room, Great Room, Library, Living Room, Primary Bedroom

Bedroom and Bathroom Information:

  • Partial Bathrooms: 2
  • Full Bathrooms: 8
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: Yes
  • Waterfront: Lake, Dock Facilities

Parking Information:

  • Garage Space: 3 spaces
  • Attached Garage: Yes
  • Parking: Attached

Virtual/3D Tour

  • Virtual Tour: 5305 Elmgate Bay Dr
Virtual Tour

Lot Features

Lot Information:

  • Lot Size: 2.22 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Heading north on Orchard Lake Road from Long Lake Road, turn left onto Pontiac Trail. Turn right onto Old Orchard Trail and left onto Elmgate Drive. Turn right onto Elmgate Bay Drive.

Price Information

Listing Price Info

Price Summary:

  • List Price: $6,900,000
  • Price Per SqFt: $536/SqFt

Tax Information:

  • Annual Amount: $43,214
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Orchard Lake Village, MI.

Med. Sold Price

$1.1M

Med. Price/SqFt

$323

Avg. Days On Market

45

# of Sold Homes

2

5305 Elmgate Bay Dr vs Orchard Lake Village

55 DAYS ON ROCKET

+10 Days

$6,900,000

+$5.7M More

$536/SqFt

+$212 More

KEY TAKEAWAY

This property is $5.7M more than the Median Sold Price and $212/SqFt more than other homes in Orchard Lake Village, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: Realcomp II Ltd
  • MLS Number: #20240069608

Listing Office:

  • Office Name: Max Broock, REALTORS®-Birmingham
  • Office Phone: (248) 644-6700
  • Listing Agent: Katherine E Broock

IDXDisclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.

IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.

IDX provided courtesy of Realcomp II Ltd. Copyright © 2024 Realcomp II Ltd. Shareholders. All rights reserved. Originating MLS shown with each listing detail.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 12:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$43,214$1,170,850
2020$42,151$1,170,370
2018$29,989$1,131,340
2017$29,024$1,121,030

History based on county public records data.

Payment Calculator

$34.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$20.7K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-296828
5
/10
  • Scotch Elementary School

  • 5959 Commerce Rd

  • 0.74 miles

  • Public District Grades 3-5

school-card-donut-296829
7
/10
  • Pleasant Lake Elementary School

  • 4900 Halsted Rd

  • 1.63 miles

  • Public District Grades PK-5

school-card-donut-296830
4
/10
  • Sheiko Elementary School

  • 4500 Walnut Lake Rd

  • 1.83 miles

  • Public District Grades 3-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $149,057. The most common annual income of people living in Orchard Lake Village, MI is between $100k-200k. Most families are married, no kids. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5305 Elmgate Bay Dr

What is the listing price of this property?

The listing price of 5305 Elmgate Bay Dr property is $6,900,000.

What type of property is this?

The property 5305 Elmgate Bay Dr is a house located in Orchard Lake, Michigan, 48324.

Is this property for sale now?

Active Listing: 5305 Elmgate Bay Dr is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $43,214 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5305 Elmgate Bay Dr has 8 bedrooms and 8 full and 2 half bathrooms.

What is the square footage of this property?

The property 5305 Elmgate Bay Dr is 12,866 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5305 Elmgate Bay Dr is 1991.
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Rocket HomesMichiganOakland CountyOrchard Lake Village483245305 Elmgate Bay Dr

This home is located at 5305 Elmgate Bay Dr in Orchard Lake, MI and zip code 48324. This 12,866 square foot home, which was built in 1991, sits on a 2.22 acre lot. Features: 8 bedrooms, 10 bathrooms. It has been listed on Rocket Homes since September 27, 2024 and is currently priced at $6,900,000.

In October 2024 more than 0 listings in Orchard Lake Village, MI were sold above the asking price. During the same period more than 0 listings were sold at asking price, while more than 2 were sold below. Between September 2024 and October 2024, Orchard Lake Village, MI real estate market has seen decrease in the number of listings by 14.3%. While the average time on the market in October 2024 was 45 days, the median list price was $1,126,000.

From Rocket Homes Real Estate and based on county public records data.

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