For Sale
722 Lake Street, Saugatuck, MI 49453
$1,100,000
MLS # 26024016 (Michigan Regional Information Center (MichRIC))
3 unitsBuilt 19350.25 acres
1 / 76
Listing Description
An exceptional opportunity in the heart of Saugatuck, this meticulously maintained property offers the rare combination of charm, updates, and short-term rental potential. Situated just two blocks from downtown Saugatuck and conveniently located near Blue Star Highway for easy access without downtown traffic, this three-unit property is a highly desirable STR setup with projected annual rental income models estimating well into six figures. The main home features over 2,200 square feet of character-filled living space, blending craftsmanship with thoughtful updates throughout. The main floor offers a beautifully finished front sun porch, original hardwood floors, a high-end kitchen, two stunning full bathrooms, spacious primary bedroom with direct porch access, and an additional family room with attached full bath that could easily function as a luxurious primary suite. Upstairs, original flooring continues throughout two generous bedrooms
Source: SparkMLS
About this home
Currently offered at $1,100,000.
Annual property taxes run approximately $10,560 ($880/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 TypeMulti Family
Property Subtype2 to 4 Units
Bathrooms0
Lot Size0.25 acres
Year Built1935
Location
CitySaugatuck
MunicipalitySaugatuck City
Zip Code49453
CountyAllegan
School DistrictSaugatuck-Douglas
Construction & Systems
ConstructionAluminum Siding
BasementFull
HeatingForced Air
UtilitiesPhone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Storm Sewer
Sale & Financing
Listed5/20/2026
Terms AcceptedVA Loan, Cash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$10,560
Tax Year2017
Assessed Value$226,616
Parcel #57-514-040-00
Source: SparkMLS
Legal Description
THAT PART LOT 7 BLK 4 COM ON LINE BETWEEN LOTS 6 & 7 BLK 4 AT PT 100 FT FROM SLY SIDE OF PLEASANT AVE. WLY PPL WITH PLEASANT AVE 40 FT SWLY TO LAKE ST TO A PT 60 FT FROM SE COR LOT 7 TH SELY ALG LK ST. 60 FT TO SE COR LOT 7 TH NELY ALONG ELY SIDE LOT 7 TO BEG BLOCK 4 MORRISON & DENSMORE'S ADDITION.
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 Marie Wiedenhoeft
HomeRealty, LLC
Frequently Asked Questions about 722 Lake Street, Saugatuck, MI 49453
Which school district serves 722 Lake Street, Saugatuck, MI 49453?
Per MLS# 26024016, 722 Lake Street, Saugatuck, MI 49453 is in the Saugatuck-Douglas boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Saugatuck-Douglas directly to confirm enrollment eligibility.
Can I use FHA or VA financing for this property?
Per MLS# 26024016, this listing accepts VA Loan, Cash, Conventional financing. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 722 Lake Street, Saugatuck, MI 49453?
Per public tax records, annual property taxes for this property are $10,560 (2017). 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, 722 Lake Street, Saugatuck, MI 49453 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 722 Lake Street, Saugatuck, MI 49453 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 722 Lake Street, Saugatuck, MI 49453?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Michigan Gas Utilities Corporation. 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 Saugatuck City police department or the Allegan County sheriff's office.
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Monthly payment$7,135
Principal & interest$7,135
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
722 Lake Street, Saugatuck, MI 49453
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Municipality
Saugatuck
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