For Sale
6727 Sherman Street, Otter Lake, MI 48464
$1,600,000
MLS # 20261045479 (Realcomp)
45.45 acres
1 / 17
Listing Description
45.45 Acres of Prime Waterfront Land on Three Lakes! 6727 Sherman Drive, Otter Lake, MIA truly rare opportunity to own one of the most unique waterfront properties in Michigan! This spectacular 45.45 acre parcel is surrounded by the natural beauty of Otter Lake, Powder Horn Lake, and Mud Lake, featuring mature hardwood forests, incredible wildlife, breathtaking water views, and endless possibilities.This property offers flexibility for developers, investors, builders, or those seeking a private waterfront retreat. Purchase the entire 45.45 acre property to preserve it as your own private lake front sanctuary or choose one of the proposed 6 waterfront parcels.Property Highlights:- 45.45 Acres of Waterfront Land- Surrounded by Otter Lake, Powder Horn Lake & Mud Lake- Otter Lake an All Sports Lake- Powder Horn a No Motor Lake- Mud Lake a No Motor Lake- Mature Hardwood Trees & Scenic Natural Beauty- Incredible Development Potential- Private Waterfront Estate Opportunity- Excellent Fishing, Boating, Kayaking, Water Skiing & Recreation- Owner Proposed 6 individual waterfront parcels- Municipal sanitary sewer onsite- Private Seller Financing AvailableWhether you're a developer, investor, or buyer seeking a private waterfront retreat, this exceptional property offers endless possibilities. Enjoy access to all-sports Otter Lake for boating, water skiing, fishing, and recreation, along with the peaceful beauty of Powder Horn Lake and Mud Lake. Purchase the entire 45.45 acres or one of the proposed water front parcels. Private seller financing available. Opportunities like this are rare!Listing includes the below additional parcels:09-01-200-015 (Winter tax: $78.69, Summer Tax: $162.51, SEV: $14,200)047-636-001-00 (Winter Tax: $1,517.54, Summer Tax:$440.90, SEV: $45,600).
Source: SparkMLS
About this home
Asking $1,600,000.
Annual property taxes run approximately $7,143 ($595/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by DTE Electric Company; natural gas by Consumers Energy Company.
Listing Property Details
Property TypeLand
Bathrooms0
Lot Size45.45 acres
Location
CityOtter Lake
MunicipalityMarathon Twp
Zip Code48464
CountyLapeer
School DistrictLakeville
Sale & Financing
Listed6/17/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$7,143
Parcel #01300600900
Source: SparkMLS
Legal Description
SEC 6 T9N R9E NW 1/4 OF SE FRL 1/4 EX BEG AT SE COR, TH N 575.92 FT TO SHORE OF MUD LAKE, TH N 57 DEG 39' 37" W 261.08 FT ALONG SAID SHORE, TH S 717.39 FT, TH E 216 FT TO P.O.B. ALSO THE WEST PORTION OF VACATED NORTH ST ADJ TO LOT 11, BLOCK 5, TANNER , SHERMAN & STARKS ADD TO VILLAGE OF OTTER LAKE.
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 Whitney Williams
M & W Realty LLC
Frequently Asked Questions about 6727 Sherman Street, Otter Lake, MI 48464
Which school district serves 6727 Sherman Street, Otter Lake, MI 48464?
Per MLS# 20261045479, 6727 Sherman Street, Otter Lake, MI 48464 is in the Lakeville boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Lakeville directly to confirm enrollment eligibility.
What financing options are available for 6727 Sherman Street, Otter Lake, MI 48464?
Per MLS# 20261045479, this listing accepts Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 6727 Sherman Street, Otter Lake, MI 48464?
Per public tax records, annual property taxes for this property are $7,143. 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, 6727 Sherman Street, Otter Lake, MI 48464 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 6727 Sherman Street, Otter Lake, MI 48464 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 6727 Sherman Street, Otter Lake, MI 48464?
Per Michigan Public Service Commission service territory data: Electric: DTE Electric Company. Gas: Consumers Energy Company. 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 Marathon Twp police department or the Lapeer County sheriff's office.
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Monthly payment$10,378
Principal & interest$10,378
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
DTE Electric Company
Investor-Owned
Consumers Energy Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
6727 Sherman Street, Otter Lake, MI 48464
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Municipality
Marathon Township
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