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Property profile & analytics
OFF-MARKET
Land

19210 Mamie Lk Rd Watersmeet, MI 49969

16 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 16-acre commercial property in Watersmeet, Michigan (APN: 06-31-504-400; 900; 505-200), offers a unique investment opportunity. Priced at $8,500,000, with a price per acre ranging from $840 to $849, the land is zoned for residential use and boasts over a mile of stunning shoreline on the Cisco Chain of Lakes. The property includes a custom-built log home featuring seven bedrooms and eight bathrooms, showcasing high-end finishes throughout. Amenities include a spectacular great room with 32-foot cathedral ceilings and a fieldstone fireplace, a chef's kitchen designed for large gatherings, a dining area accommodating 20-24 guests, and a master suite with 18-foot ceilings and a gas fireplace. Additional features include four en-suite bedrooms with terraces, a lower-level family area with a game room and sauna, a workshop, an attached garage, covered boat parking for three or more boats, and a dedicated fish cleaning house with live wells and bait storage. The property also features two islands, one of which is an eagle habitat, and a pond with waterfalls. This fee simple, privately owned property presents a rare opportunity for a discerning buyer seeking a luxurious waterfront retreat or a unique commercial venture. The property's location in Gogebic County, Michigan, zip code 49969, provides easy access to outdoor recreation and natural beauty. Five parking spaces are available on the property.

Property profile
Verified
Property type Land
Lot 16 ac (696,960 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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