Stunning Lakefront Retreat in Michigan Hits the Market for $4.9 Million
Set along the scenic shoreline of Lake Orion, the extraordinary residence at 328 S Broadway St has emerged as one of the most distinctive luxury properties currently available in the Lake Orion Real Estate market. Known locally as the “Dragon House,” this expansive waterfront estate blends architectural ambition with the comfort of resort-style living, offering a rare opportunity for buyers seeking both scale and flexibility.
The property, listed for $4.9 million, spans approximately 12,849 square feet and sits on a coveted lakefront parcel with sweeping 270-degree water views. Built in 2015 with durability and longevity in mind, the home incorporates insulated concrete form construction, steel bar joists, and reinforced concrete flooring systems designed to provide structural strength, energy efficiency, and sound insulation.
Listing agent Evan Bassy says the property stands apart even within the high-end segment of Michigan Real Estate. “Homes of this size and engineering quality rarely appear on Lake Orion,” Bassy told Luxury Houses Magazine. “The owner envisioned a residence that could function as a private family compound while still feeling elegant and welcoming.”
Designed for Multigenerational Living
One of the most distinctive aspects of 328 S Broadway St is its unique layout designed to accommodate multiple households within a single estate. The residence includes seven bedrooms, eight bathrooms, and four fully equipped kitchens—an arrangement that allows for multigenerational living without sacrificing privacy.
Across three levels, the interior reveals expansive gathering spaces, including multiple living rooms, formal dining areas, and entertainment lounges. The property also features two wet bars and six fireplaces placed strategically throughout the home to create warm gathering spaces during Michigan’s colder months.
Four sweeping curved staircases add architectural drama while connecting the home’s living areas. Large windows and balcony access throughout the residence frame uninterrupted lake views, allowing natural light to pour into the home’s grand interior spaces.
“This house was designed with flexibility at its core,” Bassy explained in comments to Luxury Houses Magazine. “Whether it’s extended family, visiting guests, or separate living quarters, the layout allows everyone to share the home comfortably while maintaining their own private spaces.”
SEE MORE: Architectural Masterpiece by AZD Architects Showcases Modern Luxury in Michigan for $4.495 Million
Sophisticated Living With Indoor Pool and Spa
Luxury living at 328 S Broadway St extends beyond its expansive interiors to include an impressive collection of wellness and recreation amenities. The estate features a rare indoor saltwater swimming pool, accompanied by an adjacent hot tub and a sauna, creating a year-round spa experience regardless of Michigan’s seasonal weather.
Outdoor living is equally impressive. A wraparound deck stretches along the home’s exterior, complete with built-in gas grills and outdoor fireplaces designed for entertaining while overlooking the lake. A custom outdoor jacuzzi positioned near the shoreline offers an ideal setting to watch sunsets over the water.
The property also includes a whole-house generator, five furnaces, five air-conditioning systems, and two tankless water heaters to ensure comfort and efficiency throughout the expansive residence. “Every detail of the home was engineered to support large-scale living,” Bassy said in a separate conversation with Luxury Houses Magazine. “From the mechanical systems to the structural design, it’s built to handle both everyday family life and large gatherings.”
SEE MORE: An Exceptional Lakefront Estate Offering an Elevated Lifestyle in Michigan at $4,499,000
Prime Location in the Lake Orion Community
The location of 328 S Broadway St further enhances its appeal. Lake Orion itself is one of the most desirable waterfront communities in Oakland County, known for its recreational boating culture, vibrant downtown district, and close proximity to major employment hubs in Metro Detroit.
Residents can enjoy quick access to the boutiques, cafés, and waterfront dining spots in downtown Lake Orion, while nearby shopping destinations and restaurants in Auburn Hills and Rochester provide additional convenience. Major highways also connect the area easily to Detroit and other business centers, making the property appealing to both local professionals and second-home buyers.
Within the broader Lake Orion Real Estate landscape, large modern waterfront estates are increasingly rare, particularly those offering resort amenities and flexible living arrangements. The continued demand for luxury waterfront properties has also positioned homes like this prominently within the evolving Michigan Real Estate market.
A Property With a Notable Transaction History
Public records indicate that the land beneath 328 S Broadway St last sold in 2003 for $275,000 before the current residence was developed more than a decade later. Since its construction in 2015, the property has become one of the most recognizable homes on Lake Orion due to its scale, architectural character, and commanding lake views.
The home entered the market in 2025 with a higher asking price before being repositioned earlier this year at $4.9 million, a move that agents say aligns the property competitively with comparable luxury waterfront homes.
“The Dragon House is truly a one-of-a-kind offering,” Bassy told Luxury Houses Magazine. “For buyers looking for a signature property on the lake, opportunities like this don’t come around often.”
Additional listing information for 328 S Broadway St can be found on Zillow, while more details about the property and private showings are available through the brokerage Keller Williams Paint Creek.
* This property might not for sale at the moment you read this post; please check property status at the above Zillow or Agent website links*
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