Updated on: October 29, 2026
The active condos for sale in South Lyon, MI are listed below from the Realcomp MLS. You can filter them by community, ranch layout or newer construction. Each listing shows photos, the monthly HOA fee and what that fee includes.
All listings adhere to the Fair Housing Act and Realcomp MLS guidelines.
Key takeaway
Most South Lyon condos sit in a few established associations, among them Southridge, Princeton Square, Colonial Acres and Legacy of Lyon. Those associations include ranch layouts and some newer builds. Budget for monthly association dues on top of the mortgage, review the association’s documents, and confirm the complex qualifies for your loan before you commit.
Who this guide is for
This guide is for buyers shopping for a condo in South Lyon, MI who want a ranch layout, a newer build or a unit sold by owner.
Condos for sale in South Lyon
The listings update as units list and sell. Apartment-style units for sale are listed as condominiums, so they appear here too. If you saw a unit on Zillow or another portal, check it against these listings.
To check one specific address, search for it in the listings. If the unit doesn’t appear, it is not an active condo listing right now.
Set up a new-listing alert to get new South Lyon condos by email as soon as they list.
Related guides: Types of Homes in South Lyon, Homebuyer Programs in South Lyon.
South Lyon condos at a glance
- Southridge: 188 units near the Huron Valley Rail Trail.
- Request the association’s unpaid-charges statement at least 5 days before the sale.
- Seller disclosure after signing: 72 hours to cancel, 120 if sent by registered mail.
- No signed seller disclosure: buyer may cancel any time before closing.
- Buyer’s agents need a signed written agreement before touring any home.
South Lyon condo communities
Each association sets its own dues, pet rules and leasing rules, so two units a mile apart can come with very different obligations. Before you offer, ask the association or its management company for:
- current dues and what they cover
- unit styles
- shared amenities
Southridge Condominiums
Southridge is a 188-unit condominium community in southwest Oakland County. It sits within walking or biking distance of downtown South Lyon’s shops and restaurants. It is also close to the Huron Valley Rail Trail, a 12-mile paved trail for running, walking and cycling that connects South Lyon, Wixom and Milford.
Princeton Square
Princeton Square is a South Lyon condo community whose units come up for resale. Unit size and layout appear on each listing.
Colonial Acres
Colonial Acres includes at least one section, Colonial Acres IV, that is organized as a cooperative and run by a professional property management company. Before you offer on a Colonial Acres listing, confirm whether that unit is a condominium or a cooperative, because the ownership documents you review will differ.
Size and bedroom count differ from one Colonial Acres listing to the next. A street address alone won’t tell you a unit is in Colonial Acres, so check the community name on the listing.
Legacy of Lyon
The Legacy of Lyon Condominium Association is incorporated in Michigan as a nonprofit corporation.
Other South Lyon condo associations
These associations also operate in the South Lyon area:
- Pinehurst Acres: a deed-restricted community in Lyon Township with easy access to I-96 and US-23, near Kensington Park. It is separate from a Pinehurst Condominium Association in Trenton.
- Quail Run of South Lyon: a professionally managed condominium association.
- Woodwind Glen: a professionally managed condominium association.
Ranch condos for sale in South Lyon
A ranch condo puts the primary bedroom, the laundry and the main living space on one floor. Some units add a basement or a loft for extra space.
Layouts differ within and between the communities above, so filter by layout rather than assume a whole community is one style. Smaller ranch units do come up, so set the square footage filter to the size you want.
New construction condos in South Lyon
Newer condo options in South Lyon are limited. Legacy of Lyon was built by Pinnacle Homes and M/I Homes and has sold out, so its units now come up as resales.
Buying from a builder changes a few things:
- The contract: the purchase agreement is the builder’s own form.
- Representation: the builder’s sales staff represent the builder, so have your own agent review the terms.
- Warranty: ask what the builder’s warranty covers and for how long.
- Association control: ask when the developer hands control of the association to the owners, because dues and rules can change after that.
Why buy a condo in South Lyon?
You’re done with yard work. The association handles exterior upkeep, mowing and snow removal, paid for through the dues explained below.
Some South Lyon listings that look like houses are site condominiums. In Michigan, a site condo means you own the home itself, but association rules and dues still apply. Read the same documents you would for an attached unit.
For commuting, Pontiac Trail is the main local route through downtown. For longer trips toward Ann Arbor and Detroit:
- I-96 is reached via Milford or Kensington Roads.
- US-23 is reached via Lafayette Street or 8 Mile and North Territorial Road.
What to expect when buying a South Lyon condo
Asking prices vary with layout, age and community, and ranch units and newer complexes are priced against their own recent sales. Compare a unit against recent condo sales rather than detached homes in South Lyon or new construction homes, since dues and shared ownership change what buyers will pay. Information for first time home buyers in South Lyon explains how to prepare for these costs.
Updated, move-in-ready units tend to draw offers first. Units that need work give you more room to negotiate.
HOA dues and assessments
The dues amount differs by association, and so does what it buys. Dues pay for what the master deed and bylaws assign to the association, often the outdoor upkeep described above.
The association can also charge a special assessment on top of dues when a large repair comes due. When comparing HOA fees across complexes, compare what each one covers, not just the monthly amount.
Association documents
Under the Michigan Condominium Act (MCL 559.211), you are entitled to a written statement from the association showing any unpaid assessments, interest, late charges, fines, costs and attorney fees owed by the seller. You are not liable for unpaid charges beyond what that statement shows, but only if you request it from the association at least 5 days before the sale. Skip that request and you can become liable for the seller’s unpaid assessments.
Also ask for the master deed, bylaws, rules, current budget, reserve information and recent meeting minutes. Red flags to look for:
- Thin reserves for the size and age of the complex
- Frequent special assessments
- Owners behind on dues
- Pending litigation
- Minutes that plan large repairs, such as roofs or paving, with no funding plan
Buying a condo for sale by owner in South Lyon
You can buy a South Lyon condo, ranch or multi-level, directly from its owner, with or without your own agent. A by-owner condo needs the same checks as any other:
- Association documents: request the statement and documents described above, look for the same red flags, and ask about any pending special assessment.
- Inspection: hire a professional inspector, and find out from the bylaws which repairs fall to the unit owner and which to the association.
- Seller disclosure: the Michigan Seller Disclosure Act applies to condos and to by-owner sales, with no exemption.
- The seller generally must give you a written statement on the property’s condition before signing a binding purchase agreement.
- If it arrives after the agreement is signed, you can cancel by written notice within 72 hours of in-person delivery, or 120 hours if it came by registered mail.
- If the seller never delivers a signed statement, you can cancel any time before closing; that right ends once the sale closes.
A buyer’s agent can write the purchase agreement and contingencies, price the unit against recent sales and order the association documents.
Since August 17, 2024, a buyer’s agent must sign a written agreement with you before touring any home, including a by-owner home. That agreement must state a specific compensation amount or rate.
A by-owner sale has no automatic seller-paid commission. You pay the agent under your agreement, less whatever the seller agrees in writing to contribute. The agent cannot collect more than the amount agreed with you, even if the seller offers more.
The title company handles the title search, closing and recording.
Frequently asked questions
Are pets allowed in South Lyon condos?
Each association sets pet rules, such as the number, size or type of pets, in its bylaws and rules. Boards can change those rules by vote, and a change after closing still applies to you, so read the current rules and ask the association before making an offer.
Is financing a condo different from financing a house?
You qualify the usual way, but the lender also reviews the association’s budget and reserves, any pending litigation and its master insurance. FHA and VA loans also need the complex itself to be approved:
- FHA: check status with HUD’s Condominiums search tool.
- VA: check status with the VA Condo Report on the VA’s Loan Guaranty Hub, selecting Michigan and Oakland County.
Get pre-approved with a lender who regularly finances condos before touring.
Can I rent out a condo I buy in South Lyon?
The bylaws can limit, cap or ban leasing and can set minimum lease terms, so check them in the association documents before buying. A high share of rented units can also limit lender approval for the whole complex.
Do I need my own insurance policy for a condo?
Yes. The association’s master policy usually covers the building exterior and common areas, and you insure the interior, your belongings and liability with a condo unit-owner (HO-6) policy. Ask your insurance agent about loss-assessment coverage, and compare the master policy with the bylaws so there is no gap.
How do I find out who manages a condo association?
The association documents, and usually the listing, name the management company or show that a volunteer board self-manages. Your agent or the seller can supply the contact.
In South Lyon:
- Southridge and Pinehurst Acres publish their own association websites.
- Quail Run, Woodwind Glen and Colonial Acres IV are run by professional management companies.
Townhouse-style units in an association work the same way, and the management contact explains how to order the resale documents.
