Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land Near Oxbow Lake Title is generated by Realmo AI

    W Waters Edge Drive, Scottville, MI 49454

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Scottville, MI

    Lot size:
    1.10 Acres
    Added:
    Jul 26, 2025
    Days on Market:
    316
    Last Refresh:
    Jun 6 at 7:06 am

    Property Features for W Waters Edge Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    5301165001000
    Lot size
    1.10 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    NEW SITE CONDO 2007 SPLIT ON 01/30/2007 FROM 011-650-000-00; OXBOW LAKE SHORES SITE CONDOMINIUM UNIT 10
    Tax Annual Amount
    86

    Utilities

    Utilities
    Natural Gas Available
    Water source
    Well

    We can help!

    Listing Contact
    Gerald Buck
    Gerald Buck

    Listing agent Gerald Buck License #3596995

    Listing office Five Star RE Ludington 513 S James St, Ludington, MI

    Listing date Jul 26, 2025

    MLS# 25037308 Listing URL

    Copyright © 2026 Michigan Regional Information Center, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Build your dream home with VIEWS of Oxbow Lake and Mason County's serene countryside.
    • Minutes from Pentwater and Ludington, offering restaurants, shops, golf, marinas, and Lake Michigan beaches.
    • Site condo lot with option to connect to existing drain field system or install your own well and septic.
    • Underground electric is already in place.
    • Ideal location for a 'Up North Getaway' or full‑time residence.
    • Close to West Michigan destinations.

    Overview

    Located in the Oxbow Shores Association near Oxbow Lake in Scottville, this 1.1-acre residential land offers an opportunity to build a home with views of Oxbow Lake and the Mason County countryside. The property is situated minutes from the Village of Pentwater and the City of Ludington, providing access to restaurants, shops, golf courses, marinas, and the sandy shores of Lake Michigan. This site condo lot has the option of connecting to the existing drain field system or installing a private well and septic system. Underground electric is already in place. While there is no direct access to Oxbow Lake from the property, it is conveniently located near West Michigan destinations.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Scottville
    County
    Mason
    State
    Michigan
    Longitude
    -86.310208
    Latitude
    43.848345

    Nearby Similar for Sale

    • $339,900
      1,800 SF

      Scottville Commercial Property with Apartment

      Commercial space with apartment and vacant lot in Scottville, MI.
      120 Main Street N, Scottville, MI 49454
      View Details
    • $89,900
      7,320 SF

      Spacious Commercial Building in Scottville

      7,320 SF commercial building in downtown Scottville, Michigan.
      107 S Main Street, Scottville, MI 49454
      View Details
    • $150,000
      2,850 SF

      Mixed-Use Investment Opportunity

      Fully leased mixed-use property in downtown Scottville with investment potential.
      133 S Main Street, Scottville, MI 49454
      View Details
    • $1,390,000

      Sweetwater Meadows Multifamily Investment Opportunity

      Multifamily package with existing rentals and development potential in Scottville.
      Multiple Taylors Court & Evans Way, Scottville, MI 49454
      View Details
    • $94,900
      7,320 SF

      Spacious Building in Downtown Scottville

      7,320 SF building in downtown Scottville with parking.
      107 S Main St, Scottville, MI 49454
      View Details
    • $100,000

      Scottville Land with Utilities Ready

      1.39 acres in Victory Township with existing utilities.
      3008 N Amber Road, Scottville, MI 49454
      View Details
    • $124,900

      Waterfront Land on St Marys Lake

      4.63 acres with 93 ft of private lake frontage.
      Hogenson lot: H, Scottville, MI 49454
      View Details
    • $134,900

      St. Marys Lake Waterfront Land

      4.63 acre waterfront lot on St. Marys Lake.
      Hogenson lot: I, Scottville, MI 49454
      View Details
    • $245,000

      St Marys Lake Waterfront Land

      7.53 acres with 275 ft of private lake frontage.
      Hogenson lot: B, Scottville, MI 49454
      View Details
    • $245,000

      Waterfront Land Parcel For Sale

      9.37 acre waterfront lot with 250 ft frontage.
      Hogenson lot: D, Scottville, MI 49454
      View Details
    • $179,900

      Waterfront Land on St Marys Lake

      13.13 acres with 204 ft of private lake frontage.
      Hogenson lot: G, Scottville, MI 49454
      View Details
    • $169,900

      St Marys Lake Waterfront Land

      10.88 acre waterfront lot on St Marys Lake.
      Hogenson lot: F, Scottville, MI 49454
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for sale near Pentwater and Ludington.
    Where is this residential land & home lot located?
    The property is located at W Waters Edge Drive Scottville, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Build your dream home with VIEWS of Oxbow Lake and Mason County's serene countryside.; Minutes from Pentwater and Ludington, offering restaurants, shops, golf, marinas, and Lake Michigan beaches.; Site condo lot with option to connect to existing drain field system or install your own well and septic.
    (231) 690-0565
    We can help!
    Listing Contact
    Gerald Buck
    Gerald Buck
    Real Estate License ID: 3596995
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    W Waters Edge Drive, Scottville, MI 49454
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!