For Sale
5358 Paw Paw Lake Road, Coloma, MI 49038
$1,125,000
MLS # 26038543 (Michigan Regional Information Center (MichRIC))
6 beds6 baths2,508 sqftBuilt 19351 acres
1 / 48
Listing Description
Exceptional investment opportunity featuring seven beautifully constructed cabins situated on approximately one acre across two parcels, including 5354 and 5358 Paw Paw Lake Road, conveniently located just across the street from Paw Paw Lake. The property consists of three 2-bedroom, 1-bath cabins, three 1-bedroom, 1-bath cabins currently operating as rentals, and a seventh cabin that is being converted into an office and on-site laundry facility to streamline operations and provide added convenience for ownership. This property offers a rare combination of investment potential and personal enjoyment. Continue operating it as a proven income-producing rental property or create a private family compound where everyone has their own space while staying together. Owners can enjoy the property throughout the year and rent the cabins when they're not in use, making it an ideal opportunity for those looking to offset ownership costs while building long-term value.
Source: SparkMLS
About this home
This 6-bedroom, 6-bath, 2,508 sq ft home built in 1935 sits in Coloma Township in Coloma.
Currently offered at $1,125,000 (about $449/sq ft).
Annual property taxes run approximately $8,023 ($669/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.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms6
Bathrooms6
Living Area2,508 sqft
Lot Size1 acres
Year Built1935
Stories1
Location
CityColoma
MunicipalityColoma Twp
Zip Code49038
CountyBerrien
School DistrictColoma
Construction & Systems
StyleCabin
ConstructionVinyl Siding, Other
BasementSlab
HeatingDuctless, Heat Pump, Space Heater
WaterWell
SewerPublic
UtilitiesNatural Gas Connected
InteriorCeiling Fan(s)
Sale & Financing
Listed7/25/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$8,023
Tax Year2025
Assessed Value$144,071
Parcel #11-08-6200-0035-01-4
Source: SparkMLS
Legal Description
LOTS 35 38 & 39 & THE ELY 1/2 OF VAC MAY ST LYING WLY OF SD LOTS PLEASANT VIEW
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAPrice & Status History
Jul 26, 2026
Listed for sale
$1,125,000
More Homes in Coloma Township
Listed by Lane Moser
Ellsbury Group
Frequently Asked Questions about 5358 Paw Paw Lake Road, Coloma, MI 49038
What school district is 5358 Paw Paw Lake Road, Coloma, MI 49038 in?
Per MLS# 26038543, this property is served by Coloma. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 26038543, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26038543, the most recent reported annual property tax for 5358 Paw Paw Lake Road, Coloma, MI 49038 is $8,023 (2025). 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.
Is 5358 Paw Paw Lake Road, Coloma, MI 49038 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 5358 Paw Paw Lake Road, Coloma, MI 49038 is in flood zone X (minimal risk). 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Indiana Michigan Power Company. Gas: Michigan Gas Utilities Corporation. Sewer: Public. Water: Well. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Coloma Twp police department or the Berrien County sheriff's office.
Map
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Monthly payment$7,297
Principal & interest$7,297
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Indiana Michigan Power Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
5358 Paw Paw Lake Road, Coloma, MI 49038
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Municipality
Coloma Township
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