Under Contract
540 W Lake Street 12, Tawas City, MI 48763
$389,900
MLS # 26004322 (Michigan Regional Information Center (MichRIC))
3 beds2 baths2,443 sqftBuilt 20080.72 acres
1 / 56
Listing Description
Incredible New Price on this carefree lakefront living condo in Town Square, Tawas City. There is only one other unit like it in the complex. This beautiful 2,400 sq ft custom 3 bedroom, 2 full bath end-unit has breathtaking views of Lake Huron from the front & Tawas River from the balcony. View the stars with a telescope from the Crows Nest's private cupola & views from the Bonus room skylights. Take a 5-min walk or drive under 2 miles to the local parks & amenities: Farmers market on Saturday mornings across the street, Lake Tawas River beach, Shoreline Park, Tawas Point State Park, Tawas Point Lighthouse, restaurants, fishing, canoeing & biking. Relax by the cozy gas fireplace in your living room. Kitchen w/granite counters, new stainless steel appliances & pantry. Private laundry room, Master suite with a luxurious ensuite bathroom & 2 large walk-in closets. Park in your 1-car garage & take the elevator to your unit. This condo appraised for $427,000 on 9-12-24. Don't Miss out!
Source: SparkMLS
About this home
Located in Tawas City in Tawas City, this property offers 3-bedroom, 2-bath, 2,443 sq ft, with original construction dating to 2008.
Listed at $389,900 (about $160/sq ft).
Estimated annual property tax: $5,316, or about $443 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company. Broadband is available with download speeds up to 1,000 Mbps from 6 providers.
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms3
Bathrooms2
Living Area2,443 sqft
Lot Size0.72 acres
Year Built2008
Stories3
Location
CityTawas City
MunicipalityCity of Tawas
Zip Code48763
CountyIosco
School DistrictTawas
Construction & Systems
ConstructionVinyl Siding
BasementSlab
Garage1 space
HeatingForced Air
WaterPublic
SewerPublic
UtilitiesHigh-Speed Internet
InteriorElevator, Garage Door Opener, Eat-in Kitchen, Pantry
Sale & Financing
Listed5/18/2026
Original Price$410,000
Terms AcceptedCash, VA Loan, Conventional
HOA
HOA Fee$352 / Monthly
IncludesTrash, Snow Removal, Lawn/Yard Care
Source: SparkMLS
Tax Information
Annual Tax$5,316
Tax Year2025
Assessed Value$185,900
Parcel #132-T70-000-012-00
Source: SparkMLS
Legal Description
TOWNE SQUARE CONDOMINIUM UNIT 12 AND G5 MASTER DEED L975 P252-306 AMENDED AND RESTATED L1018 P87-141 SECOND AMENDMENT L1161 P672-718* * IN TIFA PROJECT
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 Jannetta Logan
Key Realty One LLC
Frequently Asked Questions about 540 W Lake Street 12, Tawas City, MI 48763
Which school district serves 540 W Lake Street 12, Tawas City, MI 48763?
Per MLS# 26004322, 540 W Lake Street 12, Tawas City, MI 48763 is in the Tawas boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Tawas directly to confirm enrollment eligibility.
What financing options are available for 540 W Lake Street 12, Tawas City, MI 48763?
Per MLS# 26004322, this listing accepts Cash, VA Loan, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 540 W Lake Street 12, Tawas City, MI 48763?
Per public tax records, annual property taxes for this property are $5,316 (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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 540 W Lake Street 12, Tawas City, MI 48763 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 540 W Lake Street 12, Tawas City, MI 48763 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 540 W Lake Street 12, Tawas City, MI 48763. The maximum advertised download speed is 1.0 Gbps. 6 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 540 W Lake Street 12, Tawas City, MI 48763?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. 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 City of Tawas police department or the Iosco County sheriff's office.
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Mortgage Calculator
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Monthly payment$2,881
Principal & interest$2,529
HOA$352
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1 Gbps
Upload
35 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatellite
6 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
540 W Lake Street 12, Tawas City, MI 48763
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Municipality
Tawas City
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