Lotus and Maceday Lakes Lakefront Real Estate Sales
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 fish being up to 18 inches long and ranging in age from 2-4 years. Maceday Lake was also stocked with 12,000 rainbow trout in 2010 and another 12,760 rainbow trout in April, 2010. It was stocked with 15,000 splake (brook trout/lake trout cross) in March of 2009 and 13,300 in April of 2010.
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.
There were 13 sales reported in 2010 ranging in price from $100,000-$475,000. There was only 1 bank owned sale, but over half the total sales were short sales (7 short sales). In general prices in 2010 were higher than in 2009- see charts below.
So far this year (July 21, 2011) there have been 9 closed sales on Maceday and Lotus Lakes ranging in sale price from $57,000-$650,000- 1 bank owned and 7 regular (non distressed) sales. There are currently 8 active listings ranging in asking price from $190,000-$3,800,000. Only 2 of the 8 active listings are distressed sales- both short sales.
Please don't hesitate to contact me if you are considering buying or selling a home on all sports Maceday Lake or Lotus Lake.