5968 W Houghton Lake Dr

This is a unique property with the flexibility to possess a residence, self-service marina, yearly leases or short-term rental cabins on the beautiful Houghton Lake, which is the largest inland lake in Michigan!! This property provides stunning water vistas and 100 feet of lakefront wrapped in a tranquil setting. Exceptional properties do not wait, and neither should exceptional buyers. This newly listed marina estate invites you to step into a world where luxury, commerce, and the timeless allure of Michigan's most magnificent inland lake converge in perfect, resplendent harmony. These cottages generate $1000 per month for a 12-month rental period, with an estimated potential of $180 to $250 per night for short-term rentals. The primary residence could serve as a primary home (that has been rented on a yearly basis for $2000.00 a month) or be utilized for short-term rentals, accommodating an estimated 10 to 12 guests. The walk-out lower level could be developed into an additional unit, potentially for a caretaker or owner residence. The western section of the property offers possibilities for further construction, potentially for additional rental cottages or another house. There is also the opportunity to establish a kayak, paddleboard, and canoe rental business, as well as offer pontoon rentals for short-term rental clients. The property is commercially zoned and currently supports 36 boat slips, generating an annual gross rental income of $49,800 from seasonal slip rentals alone. The aggregate gross income is conservatively estimated at $93,500, but with vision and care, it could significantly exceed this figure. - Term rentals with yearly leases - Features on-demand computerized commercial well and updated energy efficient gas heat. - Land contract available to suitable buyers with a significant down payment. - Sellers have owned this very special property since 1996and are willing to walk the buyers through all aspects of the property, including the marina. Additional financial information is available upon request.