Waterford Homes under $500,000

Waterford Homes under $500,000

Welcome to Waterford, Michigan – a charming township nestled in the heart of Oakland County, offering a perfect blend of suburban tranquility and vibrant community life. Known for its picturesque lakes and lush parks, Waterford is a haven for outdoor enthusiasts, with more than 30 lakes and numerous recreational areas that provide ample opportunities for boating, fishing, and hiking. The township’s rich history and friendly atmosphere make it an ideal place for families, young professionals, and retirees alike.

One of the standout features of Waterford is its diverse real estate market, particularly for those seeking homes under $500,000. Whether you’re looking for a cozy starter home, a spacious family residence, or a charming bungalow, Waterford has something to suit every taste and budget. Many of these homes boast beautiful yards, modern amenities, and easy access to local schools, shopping, and dining options.

Moreover, Waterford is known for its strong sense of community, with various events and activities throughout the year, including farmers’ markets and seasonal festivals. Residents enjoy a rich tapestry of cultural experiences, from art galleries to live music venues, ensuring there’s always something to do.

Investing in a home in Waterford means not just finding a place to live, but becoming part of a warm and welcoming community. With homes available under $500,000, your dream home in this vibrant township is within reach. Come explore all that Waterford has to offer – your new beginning awaits!

Newest Waterford Homes under $500,000

1493 Merry Road, Waterford
$350,000
ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 61036084 MLS
Welcome home to 1493 Merry Rd! Perfectly set on nearly a full private acre (0.96 acres) in the heart of Waterford, this updated 3-bedroom ranch offers the ideal blend of comfort, character, and country charm. Step inside to a light-filled living room featuring a cozy gas fireplace, central air, and crisp, modern updates throughout. Enjoy lake life with privileges/access to all-sports Watkins Lake just around the corner! Outside, relax on your level, maturely-wooded lot--complete with a large powered outbuilding/shed, 2-car detached garage, and ample room to expand or entertain. Convenient to local parks, dining, and major commuter routes. Move-in ready--schedule your private tour today!

1493 Merry Road, Waterford

Listing Courtesy of Real Broker, LLC Clarkston, Office Phone: 248-930-1083
3825 Breaker, Waterford
$314,900
ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 61035815 MLS
Beautiful home in quiet sub with schools, restaurants and grocery store nearby. Oh, did i mention Lake Oakland is within walking distance in the sub for a tiny fee per year to use. Home features: brand-new plank vinyl floor, freshly painted interior, new bathroom ceramic floor, painted front porch and backyard deck that walk down to a spacious fenced-in yard for your kids or furry buddies to welcome your arrival new ceramic flooring and a new tub just installed in May. BATVAI. Please call or text for any info.

3825 Breaker, Waterford

Listing Courtesy of P & K Realty LLC, Office Phone: 248-214-6452
1532 Crescent Lake Road, Waterford
$170,000
ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 61035766 MLS
INVESTORS DREAM !! CASH ONLY . BEING SOLD EXACTLY AS PICTURED. WILL NEED LOTS OF TLC INCLUDING A DUMPSTER . PRICED WAY BELOW APPRAISED VALUE !!

1532 Crescent Lake Road, Waterford

Listing Courtesy of Real Estate One, Office Phone: 248-625-0200
5812 Oster Drive, Waterford
$180,000
ACTIVE Status ⋅ 2 Beds ⋅ 1 Baths ⋅ 61035759 MLS
Welcome to 5812 Oster in Waterford! This property offers a great opportunity for buyers looking for a home in a convenient Waterford location with plenty of potential to make it their own. You will want to see it because of its comfortable living space. A perfect opportunity to personal and update. This warm and cozy home is situated on a large lot with detached garage and additional covered storage area. Fenced in with plenty of room for the firepit, BBQ and lots of memory builidng opportunities. Enjoy quite evening walks through the neighborhood. Walk to the beach access lots and dog park. Convenient location, close to shopping dining out, schools and county parks. Whether you're a first-time buyer, looking for your next home, or searching for an investment opportunity, 5812 Oster is worth a look!

5812 Oster Drive, Waterford

Listing Courtesy of RE/MAX Classic, Office Phone: 248-348-3000
2936 Cottonwood Drive, Waterford
$199,000
ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 61035496 MLS
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

Listing Courtesy of National Realty Centers, Inc, Office Phone: 248-724-1234
6578 Cloverton Drive, Waterford
$199,000
ACTIVE Status ⋅ 3 Beds ⋅ 1 Baths ⋅ 61035462 MLS
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

Listing Courtesy of National Realty Centers, Inc, Office Phone: 248-971-1010
3091 Edgefield Drive, Waterford
$299,900
ACTIVE Status ⋅ 4 Beds ⋅ 2 Baths ⋅ 61035473 MLS
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

Listing Courtesy of The Brokerage Real Estate Enthusiasts, Office Phone: 248-297-5551
2229 Rosemary Avenue, Waterford
$189,900
ACTIVE Status ⋅ 2 Beds ⋅ 2 Baths ⋅ 61035281 MLS
Welcome to 2229 Rosemary Avenue! This charming Waterford bungalow offers the perfect combination of character, updates, and lake-lifestyle living. Enjoy access to private, all-sports Silver Lake through the optional Silver Lake Park association, offering opportunities for swimming, boating, and enjoying the water just minutes from home. The property has seen recent updates, including plenty of renovations completed in 2023. Inside, you'll find a bright and inviting living space with plenty of original charm, while the fenced backyard and patio provide a great space for relaxing or entertaining. Conveniently located near shopping, dining, parks, and major roadways. Don't miss this opportunity to own a home with lake privileges and a great Waterford location!

2229 Rosemary Avenue, Waterford

Listing Courtesy of Max Broock, REALTORS(r)-Birmingham, Office Phone: 248-644-6700
984 Coach House Lane, Waterford
$324,900
ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 61035048 MLS
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

Listing Courtesy of Berkshire Hathaway HomeServices Kee Realty Bham, Office Phone: 248-646-6200
5072 Joangay Boulevard, Waterford
$234,900
ACTIVE Status ⋅ 3 Beds ⋅ 1 Baths ⋅ 61034656 MLS
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

Listing Courtesy of EXP Realty Main, Office Phone: 888-501-7085
4071 Ironside Drive, Waterford
$325,000
ACTIVE Status ⋅ 3 Beds ⋅ 2 Baths ⋅ 61034797 MLS
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

Listing Courtesy of Signature Sotheby's International Realty Bham, Office Phone: 248-644-7000
5539 Sunwood Drive, Waterford
$330,000
ACTIVE Status ⋅ 3 Beds ⋅ 3 Baths ⋅ 61034705 MLS
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

Listing Courtesy of Keller Williams Premier, Office Phone: 248-394-0400
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