Welcome Home! Charming, Updated Ranch Near Crescent Lake Discover the perfect combination of comfort, convenience, and value in this beautifully updated single-story home, ideally situated on a spacious corner lot in a peaceful residential neighborhood near Crescent Lake. Offering approximately 1,197 square feet of comfortable living space, this home has been thoughtfully refreshed to provide a clean, modern, and welcoming atmosphere. The updated kitchen and bathrooms bring a fresh look and feel, while new flooring throughout adds warmth and style to the entire home. The convenient ranch-style layout makes everyday living easy, with everything comfortably located on one level. Whether you're a first-time home buyer, growing family, looking to downsize, or searching for an investment property, this home offers a versatile layout and excellent potential. Step outside and enjoy the generous fully fenced yard, perfect for relaxing, entertaining, gardening, pets, or creating a space where family and friends can gather. The spacious corner lot provides plenty of room to enjoy the outdoors and adds to the property's overall appeal. Another standout feature is the heated two-car garage. Enjoy the convenience of warm, protected parking during Michigan winters, along with valuable additional space for storage, hobbies, a workshop, or recreational equipment. One of the home's most appealing features is its location near Crescent Lake. Living close to the lake offers the opportunity to enjoy a more relaxed, outdoor-oriented lifestyle while remaining close to everyday conveniences.
Single-familyProperty Type
1949Year Built
9,147 sq ftLot Size
$84Price/Sq.Ft.
2 car garageParking
Listed by Alexander Kallo• ICON Realty Experts, LLC
Waterford, located between Pontiac Lake and Cass Lake, is a lake-country and suburban Pontiac neighborhood with a chain of inland lakes and a patchwork of wooded parks. The neighborhood’s character concentrates around the Dixie Hwy and M-59 corridor, where marinas, diners, bait shops, and local storefronts set a practical, on-the-water rhythm. Mid-century ranches and classic lake cottages sit alongside newer builds, with curving roads that follow shorelines and canals. Pontiac Lake State Recreation Area frames the area with trailheads, beaches, and broad water views. The Waterford Cultural Center adds a civic anchor with performances and community programming. Summers read as pontoon traffic and picnic tables; winters shift to quiet streets and frozen-lake horizons.
Provided by Walk Score and Local Logic
Market insights
5028 Pheasant Rd · $199,995
DAYS ON MARKET
106 days
The average home goes pending in 21 days.
SALE-TO-LIST
99.6%
Most homes are selling 0% below list price.
LIST PRICE
$199,995
Median sale price in this area is $418,627. (109% higher than this home)
PRICE DROP
4 price drops
23% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Living
Interior features
Total of 4 rooms
Bedrooms
Two bedrooms located on the entry level (approx. 10 x 17 and 10 x 12)
Bathrooms
Two full bathrooms, both on the entry level
Heating & cooling
Forced air heating
Natural gas fuel
Exterior features
Vinyl siding
Paved street access
Home design
Single-story residential home built in 1949
Entry-level primary living spaces
Frontage of 4 (units)
Parking
Attached 2-car garage
Construction
Built in 1949
Slab foundation
Utilities
Public water
Other
Property type listed as residential
Subdivision: Pheasant Ridge
Located in Waterford Township / Waterford area
Electricity and solar
View estimated energy costs and solar savings for this home
Welcome Home! Charming, Updated Ranch Near Crescent Lake Discover the perfect combination of comfort, convenience, and value in this beautifully updated single-story home, ideally situated on a spacious corner lot in a peaceful residential neighborhood near Crescent Lake. Offering approximately 1,197 square feet of comfortable living space, this home has been thoughtfully refreshed to provide a clean, modern, and welcoming atmosphere. The updated kitchen and bathrooms bring a fresh look and feel, while new flooring throughout adds warmth and style to the entire home. The convenient ranch-style layout makes everyday living easy, with everything comfortably located on one level. Whether you're a first-time home buyer, growing family, looking to downsize, or searching for an investment property, this home offers a versatile layout and excellent potential. Step outside and enjoy the generous fully fenced yard, perfect for relaxing, entertaining, gardening, pets, or creating a space where family and friends can gather. The spacious corner lot provides plenty of room to enjoy the outdoors and adds to the property's overall appeal. Another standout feature is the heated two-car garage. Enjoy the convenience of warm, protected parking during Michigan winters, along with valuable additional space for storage, hobbies, a workshop, or recreational equipment. One of the home's most appealing features is its location near Crescent Lake. Living close to the lake offers the opportunity to enjoy a more relaxed, outdoor-oriented lifestyle while remaining close to everyday conveniences.
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
2/10 Heat Factor
7 days above 97° expected this year, 15 days in 30 years
2/10 Wind Factor
Minor risk of severe winds over next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Waterford, MI • 48327 2463
Average low and high temperatures (°F)
27
14
33
18
51
30
60
40
67
48
79
60
84
66
79
60
76
54
65
44
48
35
34
22
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
96/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 22% for direct sun exposure in Waterford. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
11.1 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 5028 Pheasant Rd
$193,647
$6,348 under list price of $200K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $195K to $593K.