Waterford Homes under $500,000

Waterford Homes under $500,000

Welcome to Waterford, Michigan, a charming community nestled in the heart of Oakland County, where picturesque landscapes meet a vibrant lifestyle! Known for its friendly neighborhoods and a strong sense of community, Waterford offers an inviting atmosphere for families, young professionals, and retirees alike.

One of the standout features of Waterford is its highly regarded school district. The Waterford School District is committed to providing quality education, fostering a nurturing environment where students can thrive academically and socially. With a variety of educational programs and extracurricular activities, students are encouraged to explore their passions and develop essential life skills. Families can take comfort in knowing that their children are receiving an excellent education in a supportive community.

For those looking to make Waterford their home, you’ll be pleased to discover a diverse selection of charming residences available for under $500,000. Whether you’re searching for a cozy bungalow, a spacious family home, or a modern townhouse, Waterford has something to suit every taste and budget. Many of these homes are situated in peaceful neighborhoods, providing easy access to parks, recreational facilities, and local amenities.

Living in Waterford means enjoying the perfect blend of suburban tranquility and urban convenience. With easy access to major highways, you’re just a short drive away from the bustling cities of Detroit and Ann Arbor, making it an ideal location for commuters.

Explore the delightful homes in Waterford today, and discover why this community is the perfect place to put down roots and create lasting memories!

Newest Waterford Homes under $500,000

2936 Cottonwood Drive, Waterford
$199,000
2 Beds ⋅ 2 Baths ⋅ 20261079797 MLS ⋅ COMING SOON Status
Welcome home to easy, low-maintenance living in this well-maintained condo community! This 2-bedroom, 2-full-bath RANCH condo features a spacious primary suite with a private en suite bath and large walk-in closet. The kitchen offers a convenient breakfast bar with seating, and all appliances stay, including the washer and dryer. Enjoy an attached garage, immediate occupancy, and a beautiful community setting with pond views, sidewalks perfect for walking, and a gorgeous pool area. Move right in and enjoy condo living!

2936 Cottonwood Drive, Waterford
3091 Edgefield Drive, Waterford
$299,900
4 Beds ⋅ 2 Baths ⋅ 20261075933 MLS ⋅ COMING SOON Status
Beautifully updated and meticulously maintained, this exceptional 4-Bedroom, 2-BR bungalow offers timeless character, thoughtful updates, and effortless move-in appeal on an expansive corner lot with over half an acre. With 2 lots included in the sale, mature trees, and an abundance of privacy, the setting is every bit as special as the home itself. Just under 1700 square feet of livable space above grade, one of the larger homes in the area. A seamless layout welcomes you with charming sunroom, cozy stone fireplace, and true mudroom entry with custom built-ins. The beautifully appointed kitchen features granite countertops, SS appliances, ceramic flooring, and a natural flow into the living spaces. Hardwood floors add warmth and character throughout, while both full baths have been thoughtfully remodeled in 2024/25. The 927 SF unfinished basement offers exceptional storage and future equity potential, with waterproofing completed in 2017 and a transferable warranty. Outside, enjoy a private backyard retreat complete with a patio, fire pit, retaining wall, mature landscaping, and a newer shed. Detached 2 car garage with massive newer asphalt driveway (2022) and brand new porch (2026). This home has been exceptionally cared for, with an extensive list of improvements including a 2014 complete remodel, new vinyl windows (2005), furnace (2013), kitchen (2014), AC and electrical panel (2020), water heater (2021), flat roof, vinyl siding, gutters, driveway and shed (2022), garage doors and openers (2023), remodeled second full bath and new stainless appliances (2024), remodeled primary bath, interior paint and tree work (2025), and new entry doors, front porch, and basement stair carpet (2026). Private park with lake access on Otter & Sylvan lakes! A rare combination of space, privacy, character, and substantial updates, all in a setting that feels tucked away while offering the convenience of a beautifully established neighborhood. Simply unpack and enjoy.

3091 Edgefield Drive, Waterford
6578 Cloverton Drive, Waterford
$199,000
3 Beds ⋅ 1 Baths ⋅ 20261078892 MLS ⋅ COMING SOON Status
Whether you're looking for an investment opportunity or a handyman special, this is a fantastic chance to build equity in a prime Waterford location! This 3-bedroom, 1-bath home offers 1008 sq ft and is ready for renovation. The detached one-car garage provides extra storage. Enjoy the fully fenced backyard. Built in 1970, the property presents an excellent value-add opportunity for a fix-and-flip or long-term rental. Private neighborhood with access to all-sports Lotus Lake and the beach area. Bring your vision to this property. It is being sold as-is. The seller is motivated and unable to fix it.

6578 Cloverton Drive, Waterford
984 Coach House Lane, Waterford
$324,900
3 Beds ⋅ 2 Baths ⋅ 20261073387 MLS ⋅ ACTIVE Status
This charming colonial offers modern conveniences, comfortable living and a beautifully maintained setting. Featuring 3 bedrooms, 1 full bath and 1 half bath, the home includes a formal living room and dining room, plus a spacious family room with a gas fireplace. The bright white kitchen with stainless steel appliances opens to the family room, creating an inviting space for everyday living and entertaining. The primary bedroom overlooks the lush backyard, while two additional bedrooms offer flexibility for guests or a home office. The unfinished basement is ready for your personal touch and provides tons of storage, complemented by a two-car garage. Enjoy the large deck overlooking tranquil green space and abundant wildlife, surrounded by landscaping that has been meticulously upgraded and maintained. Recent updates include a roof just 4 years old, a 1 year old AC unit, whole-house humidifier, and recessed lighting added to the kitchen and family room. The exterior, family room, foyer and kitchen were also freshly painted. Ideally located near shopping, restaurants and just minutes from Elizabeth Lake, this home offers a wonderful combination of convenience and peaceful surroundings, all with a low annual HOA fee.

984 Coach House Lane, Waterford
4071 Ironside Drive, Waterford
$325,000
3 Beds ⋅ 2 Baths ⋅ 20261077877 MLS ⋅ ACTIVE Status
Move in Ready with All Sports Eagle Lake access! Open Floor Plan, Beautiful 4 Season Sunroom with commercial grade epoxy flooring, Huge fully fenced yard, Large bedrooms, Tons of flex space for WFH, Cozy family room with Natural Fireplace, A full basement with plenty of storage, New Stainless Steel appliances all stay with the home. Recessed lighting and cathedral ceiling. Immediate occupancy. You will not find a better value in this sought after subdivision!Eagle Lake Access is a $60 fee per year.

4071 Ironside Drive, Waterford
5539 Sunwood Drive, Waterford
$330,000
3 Beds ⋅ 3 Baths ⋅ 20261075259 MLS ⋅ ACTIVE Status
Well-maintained 3-bedroom, 2.5-bath ranch offering 1,263 sq ft of comfortable living space on a generous 11,587 sq ft lot. The open main floor features hardwood floors throughout and a functional layout with plenty of natural light. Enjoy access to the Huntoon Lake beach through the voluntary neighborhood association.Numerous updates include a tankless water heater and water softener (2020), composite deck (2021), roof (2022), and A/C (2019). High-efficiency furnace with UV light system. The attached 2-car garage features a 240V outlet for EV charging. Finished basement adds valuable living space with a full bath and bar, making it ideal for entertaining, recreation, or additional living space.Conveniently located within walking distance of Kettering High School, Pierce Middle School, and the Waterford Public Library. A well-maintained home with a great combination of updates, usable space, and access to Huntoon Lake.

5539 Sunwood Drive, Waterford
1870 Orchid Street, Waterford
$319,900
3 Beds ⋅ 2 Baths ⋅ 20261078956 MLS ⋅ ACTIVE Status
OPEN HOUSE Saturday October 3rd from 11AM - 1M! Welcome to this beautifully updated 3 bedroom, 2 bathroom home offering comfortable living, modern finishes, and the lake lifestyle you've been searching for, without the lakefront price. Inside, you'll find new quartz countertops, updated LVP flooring throughout, and a spacious kitchen featuring a deep pantry that provides outstanding storage. Situated on nearly half an acre, the backyard offers plenty of room to relax, with a deck to entertain, and fenced in area for the kids or furry friends. The 2 car garage with an attached workshop provides excellent space for vehicles, hobbies, storage, or weekend projects. You'll be able to enjoy exclusive access to beautiful Scott Lake with a private boat launch and kayak launch just a short walk away, making memorable summers on the water.

1870 Orchid Street, Waterford
5072 Joangay Boulevard, Waterford
$234,900
3 Beds ⋅ 1 Baths ⋅ 20261078719 MLS ⋅ COMING SOON Status
Great opportunity to add your personal touches! This 1,183 sq. ft. ranch features 3 bedrooms, 1 bath, a formal living room, and a huge family room. The standout feature is the spectacular 4-car heated garage with workshop, connected to the home by a convenient breezeway. Situated on a spacious 90x125 lot, this property offers plenty of room and potential. Bring your ideas and make it your own!

5072 Joangay Boulevard, Waterford
1298 S Cass Lake Road, Waterford
$449,900
3 Beds ⋅ 2 Baths ⋅ 20261078846 MLS ⋅ ACTIVE Status
Enjoy lakefront living with 100 feet of canal frontage and access to all-sports Cass Lake! This 3-bedroom, 2-bathroom ranch offers 1,240 SQFT of living space and includes a large private dock. The inviting living room features vinyl plank flooring, recessed lighting, and double French doors leading to the back deck. The kitchen is equipped with stainless steel appliances and offers plenty of cabinet and counter space. The primary bedroom includes an ensuite bathroom with heated floors and a walk-in shower. Two additional bedrooms and a second full bathroom complete the home. Additional features include a 2-car attached garage and major updates completed within the last 10 years, including the roof, furnace, A/C, hot water heater, washer, and dryer. Schedule a showing today! BTVAI

1298 S Cass Lake Road, Waterford
485 Rivard Boulevard, Waterford
$145,000
2 Beds ⋅ 1 Baths ⋅ 20261077086 MLS ⋅ ACTIVE Status
485 Rivard Boulevard in Waterford Township is the perfect opportunity for an investor looking to flip or implement the BRRRR strategy—or for someone looking for a project to transform into a home exactly how they envision it. With solid bones and a premium location, this ranch sits on one of the larger lots at the end of a quiet dead-end street, surrounded by a massive wooded area owned by Waterford Twp that provides plenty of privacy. Even better, for approximately $100 per year, you can enjoy membership to the Crescent Lake Park Association, granting access to a private beach, boat launch, day dock, playground, and pavilions on all-sports Crescent Lake. Spend your summers boating, swimming, and kayaking across the lake, or enjoy lunch at the Crescent Lake Inn. Inside, the home offers a functional layout with plenty of opportunity to reimagine the space and make it your own. The detached heated garage has a large attached workshop perfect for a variety of uses, whether you need additional space for a home-based business, hobbies, storage, or the ultimate garage setup. The spacious lot, private setting, generous garage and workshop, and access to Crescent Lake make this a unique opportunity for investors, renovators, or buyers looking to create a home tailored to their vision. Bring your ideas and your contractor and unlock the potential this property has to offer!

485 Rivard Boulevard, Waterford
2700 W Walton Boulevard, Waterford
$229,000
3 Beds ⋅ 1 Baths ⋅ 20261077210 MLS ⋅ ACTIVE Status
CHARMING WATERFORD RANCH WITH SPACIOUS LIVING & GREAT POTENTIAL! Welcome home to this inviting 3-bedroom ranch nestled on a beautiful lot in Waterford Twp! Offering a comfortable & functional layout with approximately 1,445 square feet of above-ground space and a wonderful sized basement. This home provides plenty of room to live, entertain and make it your own. Conveniently located with plenty of dining options near Dixie Highway, and near lots of beautiful parks including Waterford Oaks County Park. Step inside this wonderful ranch to a welcoming living room w/ a spacious layout & plenty of gathering spaces. The impressive Great room is a standout feature with vaulted ceiling, a cozy fireplace that creates a warm and inviting setting for relaxing. Three comfortable bedrooms include a spacious primary bedroom along with two additional bedrooms that offer flexibility for family, guests, a home office or other needs. A combination of carpeted and ceramic flooring throughout the main level adds both comfort and functionality. The expansive unfinished lower level offers approximately 1,148 square feet of additional space--The perfect opportunity to create a recreation room, home gym, office, workshop, additional living space or whatever best suits your lifestyle! This home has all your essential appliances, including washer/dryer in the laundry room, and the kitchen is equipped with a dishwasher, gas range, refrigerator and microwave. Outside, enjoy a generously sized lot with plenty of room to relax, entertain and enjoy the outdoors. The deck, patio and porch provide multiple options for outdoor living, whether you're hosting friends or simply enjoying a quiet evening at home. An attached 1.5-car garage and driveway provide convenient parking and additional storage. With its desirable ranch design, spacious living areas, spacious basement ready to be finished off, and versatile outdoor spaces, this Waterford home offers a wonderful opportunity for you!

2700 W Walton Boulevard, Waterford
363 S Roslyn Road, Waterford
$279,900
3 Beds ⋅ 2 Baths ⋅ 20261078450 MLS ⋅ ACTIVE Status
Welcome to 363 S. Roslyn, Waterford — a fully updated 3-bedroom, 2-bath bungalow with a professionally finished lower level, offering modern comfort in a prime Waterford location. Tucked into the desirable Elizabeth Lake Estates area, this home is just blocks from a private, gated sandy beach at 740 Lakeside Drive. Optional membership in the Elizabeth Lake Estates Improvement Association (ELEIA) provides access to lifeguards, a concession stand, play structures, a private boat launch, and community events including campouts, pancake breakfasts, and fireworks. Thoughtfully renovated throughout. The new kitchen features granite counters, stainless steel appliances, and a bright breakfast nook with bay window. A large living room and refinished hardwood flooring with 2 bedrooms and full bath complete the main level. The finished lower level adds a family room, game room, full bath, laundry, and abundant storage, with a Large 3rd bedroom located on the 2nd level. Outside: a landscaped yard, 23x12 stamped concrete patio, great for entertaining, a fenced-in backyard, and 22x14 detached garage. Enjoy a lake-inspired lifestyle without lakefront taxes or waterfront maintenance. ELEIA membership is optional, not required. Elizabeth Lake Estates Association is an OPTIONAL association. The beach is located at 740 Lakeside Drive.

363 S Roslyn Road, Waterford
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