Sold
58954 Lakeshore Drive, Colon, MI 49040
Sold on 04/27/2026 for$166,000
MLS # 26001509 (Michigan Regional Information Center (MichRIC))
2 beds1 bath576 sqftBuilt 19500.11 acres
1 / 28
Listing Description
Palmer Lake frontage! This charming 2 bedroom home offers 50 feet of lake frontage on beautiful Palmer Lake, a 444-acre lake ideal for boating, fishing, swimming, and endless waterfront enjoyment. Located on a quieter stretch of the lake, the property provides a peaceful setting while remaining conveniently close to town and everyday amenities. Inside, the home features a comfortable living room with a sliding door that opens to lake views, a functional kitchen, and a cozy dining area. Two bedrooms and a full bathroom complete the main level, while the basement offers ample storage space. Outdoors, you'll love the deck overlooking the water, an additional deck off the shed, and steps leading down to two private docks: perfect for relaxing or launching your next lake adventure. An extra storage shed adds even more convenience. Whether you're looking for a year-round residence or a weekend getaway, this lakefront property is a fantastic opportunity. The sale includes a 1 year home
Source: SparkMLS
About this home
Located in Colon, this property offers 2-bedroom, 1-bath, 576 sq ft, with original construction dating to 1950.
Closed at $166,000 (about $288/sq ft).
Annual property taxes run approximately $1,756 ($146/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. Broadband is available with download speeds up to 1,000 Mbps from 8 providers.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms1
Living Area576 sqft
Lot Size0.11 acres
Year Built1950
Stories1
Location
CityColon
MunicipalityColon Twp
Zip Code49040
CountySt. Joseph
School DistrictColon
Construction & Systems
StyleRanch
ConstructionWood Siding
BasementFull
HeatingForced Air
WaterWell
SewerSeptic Tank
InteriorCeiling Fan(s), Eat-in Kitchen
Sale & Financing
Listed1/12/2026
Sold Date4/26/2026
Terms AcceptedCash, FHA, VA Loan, Rural Development, Conventional
Concessions$300
HOA
HOA Fee$100 / Annually
IncludesOther
Source: SparkMLS
Tax Information
Annual Tax$1,756
Tax Year2025
Assessed Value$55,655
Parcel #002-180-194-00
Source: SparkMLS
Legal Description
LOT 194 SHORELAND MANOR. 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 Greg S Miller
Berkshire Hathaway HomeServices MI
Frequently Asked Questions about 58954 Lakeshore Drive, Colon, MI 49040
Which school district serves 58954 Lakeshore Drive, Colon, MI 49040?
Per MLS# 26001509, 58954 Lakeshore Drive, 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.
What financing options are available for 58954 Lakeshore Drive, Colon, MI 49040?
Per MLS# 26001509, this listing accepts Cash, FHA, VA Loan, Rural Development, 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 58954 Lakeshore Drive, Colon, MI 49040?
Per public tax records, annual property taxes for this property are $1,756 (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, 58954 Lakeshore Drive, 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 58954 Lakeshore Drive, 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 internet service is available at this address?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 58954 Lakeshore Drive, Colon, MI 49040. The maximum advertised download speed is 1.0 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
What utilities serve 58954 Lakeshore Drive, 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.
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Mortgage Calculator
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Monthly payment$1,175
Principal & interest$1,167
HOA$8
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1 Gbps
Upload
35 Mbps
CableGSO SatelliteUnlicensed Fixed WirelessSatelliteLicensed Fixed WirelessDSL
8 providers at this address
SpectrumCable
1 GbpsStarlinkGSO Satellite
280 MbpsMercury FiberUnlicensed Fixed Wireless
150 MbpsViasat IncSatellite
100 MbpsHughesNetSatellite
50 MbpsAT&TLicensed Fixed Wireless
25 MbpsFrontierDSL
10 MbpsT-MobileLicensed Fixed Wireless
0 MbpsFCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
Consumers Energy Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
58954 Lakeshore Drive, Colon, MI 49040
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