For Sale
58881 Yeatter Road, Colon, MI 49040
$500,000
MLS # 26036206 (Michigan Regional Information Center (MichRIC))
4 beds3 baths3,576 sqftBuilt 19300.34 acres
1 / 43
Listing Description
Experience year-round lakefront living on all-sports Palmer Lake with approximately 90 feet of private frontage, a seawall, private boat launch, and included dock. This fully furnished 4-bedroom, 3-bath Craftsman ranch with a finished walkout basement offers 3,576 finished sq. ft. and currently sleeps 13+ guests. The walkout lower level features a wet bar with sink and full-size refrigerator, creating additional entertaining space. Enjoy sunrise views from the composite deck overlooking the lake. Interior features include a center island kitchen, pantry, snack bar, Whirlpool tub, natural gas, mini-split and central air conditioning, high-speed internet availability, private well, private septic, and an attached garage for storage. Conveniently located just minutes from downtown Colon, this property is ideal as a year-round residence, vacation home, or short-term rental opportunity, where permitted. Includes dock and most furnishings for immediate enjoyment of lake life.
Source: SparkMLS
About this home
Located in Colon, this property offers 4-bedroom, 3-bath, 3,576 sq ft, with original construction dating to 1930.
Currently offered at $500,000 (about $140/sq ft).
Property tax estimate: $6,667 per year ($556/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
Bedrooms4
Bathrooms3
Living Area3,576 sqft
Lot Size0.34 acres
Year Built1930
Stories1
Location
CityColon
MunicipalityColon Twp
Zip Code49040
CountySt. Joseph
School DistrictColon
Construction & Systems
StyleCraftsman, Ranch
ConstructionStone, Vinyl Siding
BasementDaylight, Full, Walk-Out Access
Garage1 space
HeatingForced Air
WaterWell
SewerSeptic Tank
UtilitiesNatural Gas Available, Natural Gas Connected
InteriorCeiling Fan(s), Broadband, Garage Door Opener, Wet Bar, Center Island, Pantry
Sale & Financing
Listed7/14/2026
Terms AcceptedCash, FHA, VA Loan, Rural Development, MSHDA, Conventional
Source: SparkMLS
Tax Information
Annual Tax$6,667
Tax Year2025
Assessed Value$140,797
Parcel #002-090-012-00
Source: SparkMLS
Legal Description
S 1/2 OF LOT 12 & ALL OF LOT 13 EDGEWOOD BEACH. SEC 14 T6S R9W.
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 Scott A West
BHG Connections-Lawton
Frequently Asked Questions about 58881 Yeatter Road, Colon, MI 49040
Which school district serves 58881 Yeatter Road, Colon, MI 49040?
Per MLS# 26036206, 58881 Yeatter Road, Colon, MI 49040 is in the Colon boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Colon directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26036206, this listing accepts Cash, FHA, VA Loan, Rural Development, MSHDA, Conventional 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 58881 Yeatter Road, Colon, MI 49040?
Per public tax records, annual property taxes for this property are $6,667 (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, 58881 Yeatter Road, Colon, MI 49040 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 58881 Yeatter Road, Colon, MI 49040 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 58881 Yeatter Road, Colon, MI 49040?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Michigan Gas Utilities Corporation. 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 Colon Twp police department or the St. Joseph County sheriff's office.
Map
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Monthly payment$3,243
Principal & interest$3,243
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
58881 Yeatter Road, Colon, MI 49040
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