5968 W Houghton Lake Drive $1,100,000

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    5968 W Houghton Lake Drive Houghton Lake, MI 48629

    • 1,407 sq. ft.
    • 0.75 Acres
    • Commercial
    • MLS# 80052600
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    Property Details

    South Shore Marina with 100 feet of sandy beach waterfront, offering a versatile range of established and potential income opportunities. Primary home has been fully remodeled, top of the line finishes, with no expenses spared (just needs finishing touches to complete). Home boasts a main-floor, water-view master suite and updated kitchen and a water-facing patio. Two, water-view studio cottages have been completely remodeled and are fully-furnished with kitchenettes for two-person, couple functionality including shaded, water-view patios. These cottages have not been rented since the completion of remodel and were previously grossing $1000/month for 12-month rental and are estimated to be capable of $180 to $250 per night on short-term rental. Primary home could similarly be used as a primary home and/or could be rented on short-term rental for sleeping an estimated 10 to 12 people. Walk-out lower level could be finished into an additional unit maybe for a caretaker/owner residence. Western portion of property holds potential for additional construction --- possibly for additional rental cottages or another house. Launch a kayak, paddle board, and canoe rental business. Offer pontoon rentals for short-term rental clientele. Commercial zoning. Property currently sustains 36 boat slips with an annual gross rental income of $45,000 for seasonal slip rental. Gross income conservatively at $93,500 but could far exceed this number with vision and care. More financials available upon request.

    • General Features
      • Acreage 0.75
      • Area Municipality Roscommon Twp (72011)
      • Body of Water Houghton Lake
      • County Roscommon
      • Originating MLS Aspire North REALTORS
      • Ownership Private
      • Subdivision None
      • Total SqFt Finished 1407
      • Year Built 1975
      • ZONING Commercial,Residential
    • Building Features
      • Exterior Construction Frame, Vinyl Siding
      • Foundation Type Basement
      • Heating System Forced Air
      • FUEL TYPE Natural Gas
      • Roofing Asphalt
    • Property Features
      • Water Private Well
      • PARKING Parking Lot
      • Lot Size 100x159x100x166
      • Sewer Septic Septic

    Neighborhood

    48629 (Houghton Lake) Demographics

    55 Median Age
    93 Population Density (per sq. mile)
    22% College Educated
    $43,470 Estimated Median Income
    2,878 Estimated Total Home Owners
    815 Estimated Total Renters
    78% / 22% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    7,746 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $165,000 Median Sales Price
    19 Homes Sold
    30 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $1,100,000
        11/21/2024 11:37:00 AM New in Database Source: Multiple Listing Service New Value: $1,100,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.