787 Lake Street 11, Saugatuck, MI 49453

New Listing
$1,800,000
Property Type: Commercial Sale Baths: 6 Square Footage: 2,744 Lot Size (sq. ft.): 42,213 Status: Active
Current Price: $1,800,000 List Date: 3/17/2026 Last Modified: 3/17/2026

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.

More Information MLS# 26010197

Location & Property Info

Unit #: 11 Cross Streets: Bridge and Bluestar Property Sub-Type: Business Opportunity Municipality: Saugatuck City Principal Road: Yes Ownership Type: Private Owned

Office/Contract Info

Auction or For Sale: For Sale List Price/SqFt: 655.98 Prop Avail for Lease?: No Current Bldg Use: Waterfront Short term rental with pool

General Property Info

New Construction: No Lot Dimensions: 0 x 0 Road Frontage: 0 Mineral Rights: No Waterfront: Yes Year Remodeled: 2021 Body of Water: Kalamazoo Lake Total # Units: 1 # of Diff Unit Floor Plans: 1 Total # Bldgs: 1 # Fin Bldg Lvls: 2 Total SqFt: 2744 Total Net SqFt: 4044 Property Use Type: Investment Statewide Lakes & Rivers: Kalamazoo Lake School District: Saugatuck-Douglas High School: Saugatuck High School Middle School: Saugatuck Middle School Lot Measurement: Acres Lot Acres: 0.97 Lot Square Footage: 42213 Year Built: 1920 Full Baths: 6 Total Baths: 6

Tax Info

Taxable Value: 358280 SEV: 449800 For Tax Year: 2020 Seller's Annual Property Tax: 21250 Tax Year: 2025 Homestead %: 0 Spec Assessment & Type: None known Non-Conforming Use: No Zoning: R-RESORTDIST C4 Tax ID #: 57-875-011-00

Remarks & Misc

Public Remarks: 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. Legal: UNIT 11 OF SHADY SHORES CONDOMINIUMS TOGETHER WITH BOAT SLIP ''G'' AS A LIMITED COMMON ELEMENT ALSO INCL. BOAT SLIPS F &

Waterfront Options

Water Access Y/N: Yes Water Frontage: 175

Water Type

Lake: 1

Water Fea. Amenities

All Sports: 1 Assoc Access: 1 Dock: 1 Shared Frontage: 1 View: 1

Additional Details

Total Parking Spaces: 6

Income and Expenses

Annual Maint ($): 3500 Annual Mgt Fees ($): 20 Gross Op Income ($): 150000 Total Actual Rent: 110000

Street Type

Paved: 1 Public: 1

SqFt Information

Carbon Monoxide Detector(s): 1 Smoke Detector(s): 1

Property Use

Investment: 1

Utilities Attached

Cable Connected: 1 Electricity Connected: 1 Natural Gas Connected: 1

Sewer

Public Sewer: 1

Water

Public Water: 1

Uses

Other: 1

Construction Type

Frame/Wood: 1

Exterior Material

Vinyl Siding: 1

Roofing

Composition: 1

Heat Source

Natural Gas: 1

Sale Conditions

None: 1

Ownership

LLC: 1

Below Grade

Basement: 1

Heat Type

Baseboard: 1 Forced Air: 1 Hot Water: 1

Air Conditioning

Central Air: 1 Window Unit(s): 1

Docs at List Office

Aerial Photo: 1

Business Includes

Furniture: 1 Inventory: 1 Licenses: 1 Real Estate: 1

Foundation

Block: 1

Util Avail at St

Cable Available: 1 Electricity Available: 1 High Speed Internet: 1 Natural Gas Available: 1 Storm Sewer: 1

Tenant Pays All

Building Insurance: 1 Electric: 1 Gas: 1 Prop Taxes/Assess: 1 Sewer: 1 Water: 1

Driveway

Shared Paved: 1

Docs Req Conf Agrmnt

Financials: 1

Purchase Terms Avail

Cash: 1 Conventional: 1

Possession

Close Of Escrow: 1

Location Property Info

County: Allegan Street #: 787 Street Name: Lake Suffix: Street State: MI Zip Code: 49453 Zip (4): 9434

OfficeContract Info

Status: Active Current Price: $1,800,000 List Price: $1,800,000 Listing Date: 2026-03-16

Remarks Misc

Directions: Bluestar to lake to address on the left.

Property Features

Property Use: Investment SqFt Information: Carbon Monoxide Detector(s); Smoke Detector(s) Water Type: Lake Uses: Other Ownership: LLC Business Includes: Furniture; Inventory; Licenses; Real Estate Construction Type: Frame/Wood Exterior Material: Vinyl Siding Roofing: Composition Foundation: Block Below Grade: Basement Tenant Pays All: Building Insurance; Electric; Gas; Prop Taxes/Assess; Sewer; Water Sewer: Public Sewer Water: Public Water Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Storm Sewer Heat Source: Natural Gas Heat Type: Baseboard; Forced Air; Hot Water Air Conditioning: Central Air; Window Unit(s) Driveway: Shared Paved Street Type: Paved; Public Purchase Terms Avail: Cash; Conventional Docs at List Office: Aerial Photo Docs Req Conf Agrmnt: Financials Sale Conditions: None Possession: Close Of Escrow
Listing Office: BHG Connections
Listing Agent: Tammy L Kerr
IDX
Last Updated: March - 17 - 2026
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