Sold
7562 N Us Highway 23 Highway N, Oscoda, MI 48750
Sold on 11/24/2025 for$629,000
MLS # 20251016026 (Realcomp)
3 beds2 baths2,210 sqftBuilt 19600.34 acres
1 / 56
Listing Description
Turn-Key Lakefront Resort with Proven Income – Zoned Commercial Exceptional opportunity to own a fully operational, short-term rental business on Lake Huron. Lovango Hideaway features four fully furnished, detached cottages on one parcel with private sandy beachfront and established branding through VRBO. Property has generated $65,807.90 in revenue year-to-date (as of July), consistent with 2024 performance. Dates rented are from Memorial Day weekend through September. Each cottage includes a private bath, kitchen or kitchenette, and sleeps 4–6 guests, with total capacity up to 21 guests comfortably (24 max). Resort amenities include kayaks, beach gear, grills, outdoor dining areas, firepit, and private lake access. Strong repeat bookings and excellent guest reviews (average 9.6/10) make this a rare, profitable, and truly turn-key investment. Additional income potential exists by opening for winter rentals or reclaiming the one week currently held for owner use (estimated value $5,500). Showings limited to Saturdays only due to Airbnb bookings. All showings must be accompanied by a licensed REALTOR. Please do not lock door by handle—use code only.Located just minutes from downtown Oscoda—named “Paddletown, USA” thanks to its scenic Au Sable River access, Lake Huron shoreline, and vibrant outdoor scene. Guests and owners enjoy nearby hiking, fishing, kayaking, golf, River Road Scenic Byway, Iargo Springs, and year-round local events.Room sizes above are for the main cottage "Northern Air". The following are the room sizes for the remaining cottages. #1 Catching Fireflies - Living Room 10’6 x 11’5, Kitchen/dining 12’5x11’5, Bedroom 1 - 7’7x8’, Bedroom 2 – 8’6x8’, Bathroom 5’3x5’5 #2 Starry Nights - Living Room 12’6x12, Kitchen 10’9x11’8, Bedroom 1 7’7x9’, Bedroom 2 7’7x9’, Bathroom 5’3.#3 Lakeside Splash - Living Room 12’3x10’9, Kitchen 10’7x10’9, Bedroom 1 8’x8’8, Bedroom 2 8x8’5, Bathroom 5’6x5’2
Source: SparkMLS
About this home
Located in Oscoda, this property offers 3-bedroom, 2-bath, 2,210 sq ft, with original construction dating to 1960.
Closed at $629,000 (about $285/sq ft).
Estimated annual property tax: $4,981, or about $415 monthly. 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 DTE Gas Company.
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Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Living Area2,210 sqft
Lot Size0.34 acres
Year Built1960
Stories1
Location
CityOscoda
MunicipalityOscoda Twp
Zip Code48750
CountyIosco
School DistrictOscoda
Construction & Systems
ConstructionVinyl Siding
BasementCrawl Space, Slab
HeatingForced Air
WaterPublic
SewerSeptic Tank
Sale & Financing
Listed7/10/2025
Sold Date11/23/2025
Original Price$669,900
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$4,981
Parcel #064L1000005200
Source: SparkMLS
Legal Description
LAKE HURON SAND BEACH SUB LOT 52
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 Dori Berean
RE/MAX Platinum
Frequently Asked Questions about 7562 N Us Highway 23 Highway N, Oscoda, MI 48750
What school district is 7562 N Us Highway 23 Highway N, Oscoda, MI 48750 in?
Per MLS# 20251016026, this property is served by Oscoda. In Michigan, school district boundaries are set by the state and do not always follow city limits.
Can I use FHA or VA financing for this property?
Per MLS# 20251016026, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 20251016026, the most recent reported annual property tax for 7562 N Us Highway 23 Highway N, Oscoda, MI 48750 is $4,981. 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 7562 N Us Highway 23 Highway N, Oscoda, MI 48750 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, 7562 N Us Highway 23 Highway N, Oscoda, MI 48750 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: DTE Gas Company. Sewer: Septic Tank. Water: Public. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Oscoda Twp police department or the Iosco County sheriff's office.
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Mortgage Calculator
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Monthly payment$4,145
Principal & interest$4,145
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
7562 N Us Highway 23 Highway N, Oscoda, MI 48750
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