For Sale
545 Lake Drive, Coldwater, MI 49036
$699,900
MLS # 26022800 (Michigan Regional Information Center (MichRIC))
5 beds4 baths2,960 sqftBuilt 19700.36 acres
1 / 54
Listing Description
Location, Location, Location! Welcome to your Coldwater Lake getaway -- where endless summer memories and year-round lake living begin. This spacious and beautifully updated home comes with a deeded 10-foot waterfront lot complete with dock rights, giving you direct access to all the boating, swimming, fishing, and sunset cruising Coldwater Lake is known for. Designed for entertaining and making memories, the property features a wonderful private backyard with a patio perfect for cookouts, bonfires, and gatherings with family and friends. There's even a charming playhouse/storage shed ready for kids, lake toys, or extra storage. Inside, this home offers room for everyone with 5 bedrooms, 4 bathrooms, 2 living rooms, dedicated office space, and an open-concept layout that creates the perfect flow for everyday living and entertaining alike. Thoughtfully updated throughout, the home combines comfort, style, and functionality while easily accommodating the whole family -- plus all the
Source: SparkMLS
About this home
Located in Coldwater, this property offers 5-bedroom, 4-bath, 2,960 sq ft, with original construction dating to 1970.
Listed at $699,900 (about $236/sq ft).
Property tax estimate: $4,686 per year ($391/month). 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 Michigan Gas Utilities Corporation.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms5
Bathrooms4
Living Area2,960 sqft
Lot Size0.36 acres
Year Built1970
Stories2
Location
CityColdwater
MunicipalityOvid Twp
Zip Code49036
CountyBranch
School DistrictColdwater
Construction & Systems
StyleContemporary
ConstructionVinyl Siding
BasementSlab
Garage2 spaces
HeatingForced Air
WaterWell
SewerPublic
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Cable Connected
InteriorCeiling Fan(s), Garage Door Opener
Sale & Financing
Listed5/21/2026
Terms AcceptedCash, VA Loan, Conventional
Source: SparkMLS
Tax Information
Annual Tax$4,686
Tax Year2025
Assessed Value$174,559
Parcel #110-026-100-044-99
Source: SparkMLS
Legal Description
BEG IN CENTER OF HWY RUNNING IN A NWLY & SWLY DIRECION THRU N 1/2 OF NE FRACTIONAL 1/4 OF SEC 26 DISTANT 280 FT SELY FR AN IRON PIN LABELED
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 John J Rakocy
Hauska Home and Farm
Frequently Asked Questions about 545 Lake Drive, Coldwater, MI 49036
What school district is 545 Lake Drive, Coldwater, MI 49036 in?
Per MLS# 26022800, this property is served by Coldwater. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 545 Lake Drive, Coldwater, MI 49036?
Per MLS# 26022800, the seller has indicated this property accepts the following financing types: Cash, VA Loan, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26022800, the most recent reported annual property tax for 545 Lake Drive, Coldwater, MI 49036 is $4,686 (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 545 Lake Drive, Coldwater, MI 49036 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, 545 Lake Drive, Coldwater, MI 49036 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: Consumers Energy 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 Ovid Twp police department or the Branch County sheriff's office.
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Monthly payment$4,540
Principal & interest$4,540
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
545 Lake Drive, Coldwater, MI 49036
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