Property Type:
Residential
Bedrooms:
4
Baths:
3
Square Footage:
1,523
Lot Size (sq. ft.):
6,229
Status:
Active
Current Price:
$691,000
List Date:
11/21/2025
Last Modified:
12/06/2025
5505 Lakewood Drive, Coloma, MI 49038
$691,000
Description
Lakefront on Paw Paw! This 4-bed, 2.5-bath home offers 40 feet of direct frontage on one of Southwest Michigan's most desirable all-sports lakes. With 1,566 sq ft above grade plus 783 sq ft in the basement, there's room for everyone and endless potential. The main living space frames stunning lake views and opens to a spacious back deck just steps from the water and your private dock.It's the perfect setting — peaceful mornings with coffee on the deck, afternoons on the boat, and unforgettable sunsets with friends. The home is solid and fully functional as-is, but the real upside comes with updating — lakefront values here continue to climb, making this a prime long-term investment.
Supplements: Whether you're envisioning a luxury summer retreat, a profitable short-term rental, or a legacy family getaway, this property offers strong bones, prime frontage, and rare availability on Paw Paw Lake.
More Information MLS# 25040336
Location & Property Info
Cross Streets: Central Ave
Property Sub-Type: Single Family Residence
Municipality: Coloma Twp
Office/Contract Info
Auction or For Sale: For Sale
List Price/SqFt: 453.71
General Property Info
New Construction: No
Lot Dimensions: 40x156
Road Frontage: 40
Garage Y/N: Yes
Garage Spaces: 2
Waterfront: Yes
Body of Water: Paw Paw Lake
Income Property: No
Basement: Yes
Total Rooms AG: 10
Total Fin SqFt All Levels: 2306
SqFt Above Grade: 1523
Below Grade Finished SqFt: 783
Below Grade Unfinished SqFt: 43
Building Total SqFt: 2306
Total Beds Above Grade: 4
Statewide Lakes & Rivers: Paw Paw Lake
Main Level Primary: No
Stories: 2
School District: Coloma
Lot Measurement: Acres
Lot Acres: 0.14
Lot Square Footage: 6229
Year Built: 1920
Total Bedrooms: 4
Full Baths: 2
Half Baths: 1
Total Baths: 3
Tax Info
Taxable Value: 210357
SEV: 210357
For Tax Year: 2024
Seller's Annual Property Tax: 2288
Tax Year: 2024
Homestead %: 0
Spec Assessment & Type: None Know
Tax ID #: 08-4590-0066-00-2
Remarks & Misc
Public Remarks: Lakefront on Paw Paw! This 4-bed, 2.5-bath home offers 40 feet of direct frontage on one of Southwest Michigan's most desirable all-sports lakes. With 1,566 sq ft above grade plus 783 sq ft in the basement, there's room for everyone and endless potential. The main living space frames stunning lake views and opens to a spacious back deck just steps from the water and your private dock.It's the perfect setting — peaceful mornings with coffee on the deck, afternoons on the boat, and unforgettable sunsets with friends. The home is solid and fully functional as-is, but the real upside comes with updating — lakefront values here continue to climb, making this a prime long-term investment.
Legal: Per title
Waterfront Options
Water Access Y/N: Yes
Water Frontage: 40
Water Type
Lake: 1
Water Fea. Amenities
All Sports: 1
Street Type
Paved: 1
Public: 1
Util Avail at Street
Electricity Available: 1
Natural Gas Available: 1
Utilities Attached
High Speed Internet: 1
Natural Gas Connected: 1
Sewer
Public Sewer: 1
Water
Well: 1
Terms Available
Cash: 1
Conventional: 1
Mineral Rights
Unknown: 1
Laundry Features
Laundry Room: 1
Main Level: 1
Exterior Material
Vinyl Siding: 1
Roofing
Asphalt: 1
Parking Features
Detached: 1
Garage Faces Front: 1
Heat Source
Natural Gas: 1
Sale Conditions
None: 1
Heat Type
Forced Air: 1
Air Conditioning
Central Air: 1
Access Feat
Accessibility Features: No
Upper Rooms
Upper Bedrooms: 3
Upper Half Baths: 1
Upper Level Square Feet: 628
Total Baths Above Grade: 2
Main Rooms
Main Bedrooms: 1
Main Full Baths: 1
Main Level SQFT: 895
Lower Rooms
Lower Finished SQFT: 0
Total Lower SQFT: 0
Basement Rooms
Basement Full Baths: 1
Basement Finished SQFT: 783
Total Basement SQFT: 826
Driveway
Concrete: 1
Substructure
Full: 1
Windows
Insulated Windows: 1
Additional Items
Basement Finished: 1
Appliances
Dryer: 1
Microwave: 1
Oven: 1
Refrigerator: 1
Washer: 1
Fencing
Fenced Back: 1
Patio and Porch Features
Deck: 1
Flooring
Carpet: 1
Ceramic Tile: 1
Landscape
Flower Garden: 1
Architectural Style
Mid-Century Modern: 1
Location Property Info
County: Berrien
Street #: 5505
Street Name: Lakewood
Suffix: Drive
State: MI
Zip Code: 49038
Area: Southwestern Michigan - S
OfficeContract Info
Status: Active
List Price: $691,000
Current Price: $691,000
Listing Date: 2025-04-21
Remarks Misc
Directions: From I-94, take exit 39 toward Coloma. Head north on N Paw Paw St, then turn left onto Paw Paw Lake Rd. Follow for approx. 2.5 miles, then turn right onto Lakewood Dr. Property will be on the left side near the water
Property Features
Water Type: Lake
Laundry Features: Laundry Room; Main Level
Exterior Material: Vinyl Siding
Roofing: Asphalt
Windows: Insulated Windows
Substructure: Full
Sewer: Public Sewer
Water: Well
Utilities Attached: High Speed Internet; Natural Gas Connected
Util Avail at Street: Electricity Available; Natural Gas Available
Additional Items: Basement Finished
Appliances: Dryer; Microwave; Oven; Refrigerator; Washer
Heat Source: Natural Gas
Heat Type: Forced Air
Air Conditioning: Central Air
Fencing: Fenced Back
Flooring: Carpet; Ceramic Tile
Patio and Porch Features: Deck
Landscape: Flower Garden
Parking Features: Detached; Garage Faces Front
Architectural Style: Mid-Century Modern
Driveway: Concrete
Street Type: Paved; Public
Mineral Rights: Unknown
Terms Available: Cash; Conventional
Sale Conditions: None
Listing Office:
Ellsbury Commercial Group
Listing Agent:
Lane Moser
Last Updated: December - 06 - 2025
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