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Waterfront Vacation Rental Home
For Sale
$1,599,000

787 Lake Street 11, Saugatuck, MI 49453

Guests have access to a shared pool, two owner-only docks, and a private hot tub.

Property Size2,744 SF
Price / SF$582.73
Days on Market228

Property Features for 787 Lake Street 11

General Information

Standard status Active
Size 2,744 SF
Property subtype Business

Units

Unit Mix 1 x 7BR/6BA
Multifamily Units 1

Additional Details

Furnished Yes
Asking Price $1,800,000

Taxes and HOA fees

Annual Taxes $21,250

Amenities

four-season front porch
back patio
private hot tub
shared pool
premier end docks

Building Details

Building Size 2,744 SF
Year Built 1920
Buildings 1
Listing Agency: BHG Connections
Listed By: Tammy L Kerr · License #6502433373
Source: Carinirealtors
Added: Mar 17 Changed: Oct 26 Last Checked: Oct 26 at 3:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHG Connections

Rey
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Investment Insights

Based on property information with market context.

This 2,744-square-foot waterfront home dates to 1920 and has seven bedrooms and six bathrooms. The interior has been remodeled, and the sale includes furnishings. A four-season porch and a rear patio add indoor and outdoor gathering areas; the property also has a private hot tub.

The home belongs to an 11-unit association with a shared pool. Two end docks are reserved for owners and have a gate securing boat access. The property sits between downtown Saugatuck and Douglas, within walking distance of restaurants, shops, bars, and parks.

Key Highlights

  • Waterfront home with 2,744 square feet
  • Seven bedrooms and six bathrooms
  • Built in 1920; remodeled interior with furnishings included

Property Analytics

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Lease Details

1
Residential units

Location Intelligence

Trade Area within ½ mile

528
Businesses Nearby

Demographics for 49453, MI

2,950
Population
2,113
Households
1.4
Avg Household Size
53
Median Age
52%
College-Educated
98%
High-School Grad
10.4 sq mi
ZIP Area
284
Density / Sq Mi
$101,250
Median Household Income
$49,970
Median Earnings
$766
Median Rent
$487,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025

Frequently Asked Questions

What type of property is this?
Short term rental property - Guests have access to a shared pool, two owner-only docks, and a private hot tub.
Where is this short term rental property located?
The property is located at 787 Lake Street 11 Saugatuck, MI.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Waterfront home with 2,744 square feet; Seven bedrooms and six bathrooms; Built in 1920; remodeled interior with furnishings included
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