MLS # 26034746 (Michigan Regional Information Center (MichRIC))

This property offers spectacular waterfront living on SW Michigan's premier 900-acre Paw Paw Lake! The spacious 2,000 square foot 4-bedroom, two bath retreat has two full kitchens, two living areas, and a large family room currently used as a game room with ping-pong, arcade games. The property is ideal for hosting up to 12 guests. Wake up to sparkling lake views from every bedroom, then step outside to an expansive three-tier deck with multiple seating and dining areas, gas grill, and a private hot tub overlooking the water. Swim, fish, and relax just minutes from the beach towns of St. Joseph and South Haven. Bring your boat. There is a dock included and convenient access to the public boat launch. Your ultimate Paw Paw Lake getaway or short-term rental opportunity awaits! The property has been operated as a successful short-term rental with Awning.com identifying the rental potential of over 100K/year.
Source: SparkMLS
Located in Coloma Township in Coloma, this property offers 4-bedroom, 2-bath, 2,000 sq ft, with original construction dating to 1965.
Currently offered at $799,000 (about $400/sq ft).
Annual property taxes run approximately $10,749 ($896/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Indiana Michigan Power Company; natural gas by Michigan Gas Utilities Corporation.
Location
Construction & Systems
Sale & Financing
Source: SparkMLS
Source: SparkMLS
Legal Description
LOT 2, BLK.14, PAW PAW ISLANDS SUBDIVISION NO. 3.
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Anthony F Clark
Realty Executives Instant Equity
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Indiana Michigan Power Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
4733 Shore Drive, Coloma, MI 49038
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Municipality
Coloma Township
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