For Sale
787 Lake Street 11, Saugatuck, MI 49453
$1,690,000
MLS # 26010197 (Michigan Regional Information Center (MichRIC))
6 bathsBuilt 19200.97 acres
1 / 61
Listing Description
Waterfront investment property! This premier 7-bedroom, 6-bath waterfront home is a standout investment opportunity at $1.8 million. Newly remodeled and furnished with high end furniture included in the sale. Accommodating up to 14/16 guests, it features a charming four-season front porch, back patio for outdoor BBQ's, a private hot tub, and it's part of an 11-unit association offering a shared pool. This home comes with 2 of the associations premier end docks that only owners can enjoy with a gate to keep your boat secure. Perfectly positioned between downtown Saugatuck and Douglas, it's just a stroll away from great restaurants, shopping, bars, and parks. Ideal for large groups and unforgettable getaways! Could be converted back to a bed and breakfast again if someone wanted to make that their residence and offer rooms to rent.
Source: SparkMLS
About this home
Located in Saugatuck in Saugatuck, this property offers 6-bath, with original construction dating to 1920.
Currently offered at $1,690,000.
Annual property taxes run approximately $21,250 ($1,771/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 TypeCommercial Sale
Property SubtypeBusiness Opportunity
Bathrooms6
Lot Size0.97 acres
Year Built1920
Location
CitySaugatuck
MunicipalitySaugatuck City
Zip Code49453
CountyAllegan
School DistrictSaugatuck-Douglas
Construction & Systems
ConstructionVinyl Siding, Brick
HeatingBaseboard, Forced Air, Radiant, Hot Water
UtilitiesNatural Gas Available, Electricity Available, Cable Available, Natural Gas Connected, Electricity Connected, Cable Connected, Storm Sewer
InteriorBroadband
Sale & Financing
Listed3/16/2026
Original Price$1,800,000
Terms AcceptedConventional, Cash
Source: SparkMLS
Tax Information
Annual Tax$21,250
Tax Year2020
Assessed Value$358,280
Parcel #57-875-011-00
Source: SparkMLS
Legal Description
UNIT 11 OF SHADY SHORES CONDOMINIUMS TOGETHER WITH BOAT SLIP ''G'' AS A LIMITED COMMON ELEMENT ALSO INCL. BOAT SLIPS F &
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 Tammy L Kerr
BHG Connections
Frequently Asked Questions about 787 Lake Street 11, Saugatuck, MI 49453
What school district is 787 Lake Street 11, Saugatuck, MI 49453 in?
Per MLS# 26010197, this property is served by Saugatuck-Douglas. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 787 Lake Street 11, Saugatuck, MI 49453?
Per MLS# 26010197, the seller has indicated this property accepts the following financing types: Conventional, Cash. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 26010197, the most recent reported annual property tax for 787 Lake Street 11, Saugatuck, MI 49453 is $21,250 (2020). 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 787 Lake Street 11, Saugatuck, MI 49453 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, 787 Lake Street 11, Saugatuck, MI 49453 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: Michigan Gas Utilities Corporation. Confirm service details directly with providers.
How safe is 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.
Map
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Monthly payment$10,961
Principal & interest$10,961
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
787 Lake Street 11, Saugatuck, MI 49453
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Municipality
Saugatuck
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