Sold
4537 Lakewood Drive, Otter Lake, MI 48464
Sold on 04/14/2026 for$290,000
MLS # 20261016203 (Realcomp)
3 beds2 baths2,014 sqftBuilt 20181.19 acres
1 / 37
Listing Description
Welcome to your own private Craftsman-style woodland retreat! Built in 2018 and surrounded by natural beauty, this charming home offers the perfect balance of comfort, privacy, and year-round recreation. Tucked within a peaceful setting, this thoughtfully designed 3 bedroom, 2 full bath home is situated on property that provides a tranquil atmosphere where the sights and sounds of nature become part of everyday living.The bright, inviting interior featuires large windows that fill the space with natural light and showcase the surrounding woodland. The spacious primary bedroom suite includes a private full bath, creating a comfortable and secluded retreat. The main floor also offers the convenience of first-floor laundry and durable solid-surface wood inspired flooring throughout. The kitchen is beautifully appointed with Shaker style cabinetry, granite countertops as well as full appliance inclusion. The partially finished walkout lower level offers excellent potential for additional living space and is already plumbed for a third bathroom, making future expansion simple. Outdoors, the fenced backyard provides privacy and room to enjoy the peaceful wooded setting. Residents also enjoy lake privileges on private, all-sports Hemingway Lake, including gated access to the boat launch just a short walk away—perfect for boating, fishing, and summer recreation. Additional highlights include central air conditioning for steamy Michigan summers and an on-demand water heater for energy efficiency and convenience. Whether you're searching for a full-time residence, weekend retreat, or summer cottage, this home offers a rare opportunity to enjoy peaceful woodland living with the added benefit of private lake access. Experience the tranquility, recreation, and lifestyle this special property has to offer.
Source: SparkMLS
About this home
This 3-bedroom, 2-bath, 2,014 sq ft home built in 2018 sits in Marathon Township in Otter Lake.
Final sale price: $290,000 (about $144/sq ft).
Property tax estimate: $2,929 per year ($244/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area2,014 sqft
Lot Size1.19 acres
Year Built2018
Stories1
Location
CityOtter Lake
MunicipalityMarathon Twp
Zip Code48464
CountyLapeer
School DistrictLakeville
Construction & Systems
ConstructionStone, Vinyl Siding
BasementWalk-Out Access, Daylight, Partial
HeatingForced Air
WaterWell
SewerSeptic Tank
InteriorBasement Partially Finished, Water Softener/Rented
Sale & Financing
Listed3/12/2026
Sold Date4/13/2026
Terms AcceptedCash, Conventional, FHA, Rural Development, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$2,929
Parcel #01308003001
Source: SparkMLS
Legal Description
T9N R9E HEMINGWAY LAKE HEIGHTS LOTS 30 & 31 INCLUDING USE RIGHTS TO LOTS A, B, C OF HEMINGWAY LAKE HEIGHTS SUBDIVISION
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Stephan Brochu
RE/MAX Platinum - Grand Blanc
Frequently Asked Questions about 4537 Lakewood Drive, Otter Lake, MI 48464
Which school district serves 4537 Lakewood Drive, Otter Lake, MI 48464?
Per MLS# 20261016203, 4537 Lakewood Drive, Otter Lake, MI 48464 is in the Lakeville boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Lakeville directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 20261016203, this listing accepts Cash, Conventional, FHA, Rural Development, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 4537 Lakewood Drive, Otter Lake, MI 48464?
Per public tax records, annual property taxes for this property are $2,929. Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 4537 Lakewood Drive, Otter Lake, MI 48464 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 4537 Lakewood Drive, Otter Lake, MI 48464 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 4537 Lakewood Drive, Otter Lake, MI 48464?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. Sewer: Septic Tank. Water: Well. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Marathon Twp police department or the Lapeer County sheriff's office.
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Monthly payment$1,945
Principal & interest$1,945
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
4537 Lakewood Drive, Otter Lake, MI 48464
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Municipality
Marathon Township
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