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Restored Cottage Court Resort
New
For Sale
$1,750,000

917 S Bayshore Dr, Elk Rapids, MI 49629

Ten renovated cottages with shared outdoor gathering areas sit across from public beach access.

Property Size4,000 SF
Lot Size5.00 Acres
Price / SF$437.50
Days on Market7

Property Features for 917 S Bayshore Dr

General Information

Standard status Active
Size 4,000 SF
Lot size 5.00 Acres

Additional Details

Business Included Yes
Multifamily Units 11

Amenities

shared fire pit
group dining area
lawn space for games

Building Details

Year Built 1938
Listing Agency: REMAX Bayshore - West Shore Dr TC
Listed By: Robert Brick · License #6502134537
Source: Exprealty
Added: Aug 13 Changed: Aug 19 Last Checked: Aug 18 at 1:29PM

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 REMAX Bayshore - West Shore Dr TC

Investment Insights

Based on property information with market context.

This resort property includes ten individual cottages within a wooded five-acre setting. Originally established in 1938, the cottage court has undergone extensive updates, including new flooring, electrical systems, and plumbing throughout. Nine cottages participate in the rental program, with accommodations ranging from a 160-square-foot efficiency to a two-bedroom cottage and combined lodging capacity of up to 28 guests. An on-site owners’ residence is also included.

Shared amenities include a fire pit, group dining area, and open lawn space. Elk Rapids Day Park is directly across S Bayshore Dr and provides public beach access to a quarter-mile stretch of East Grand Traverse Bay shoreline. The property is located at 917 S Bayshore Dr in Elk Rapids, Michigan.

Key Highlights

  • Five wooded acres with a restored 1938 cottage court
  • 10 individual cottages, with 9 currently in the rental program
  • Cottage sizes range from a 160‑square‑foot efficiency to a two‑bedroom retreat

Property Analytics

Current Use

Paradise Pines Resort Hotel & Motel

Suggested Use

Top Pick Big Box & Wholesale Store Building Supply Auto Repair Shop (Bike/Boat/Book/etc) Store Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

11
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

68
Businesses Nearby

Demographics for 49629, MI

1,997
Population
1,696
Households
1.2
Avg Household Size
60
Median Age
46%
College-Educated
99%
High-School Grad
3.8 sq mi
ZIP Area
526
Density / Sq Mi
$74,318
Median Household Income
$46,250
Median Earnings
$1,032
Median Rent
$347,100
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Resort - Ten renovated cottages with shared outdoor gathering areas sit across from public beach access.
Where is this resort located?
The property is located at 917 S Bayshore Dr Elk Rapids, MI.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Five wooded acres with a restored 1938 cottage court; 10 individual cottages, with 9 currently in the rental program; Cottage sizes range from a 160‑square‑foot efficiency to a two‑bedroom retreat
More about this property
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