Rare opportunity to own a operating resort on Black Lake and Rainy River! Located on the east shore of Black Lake and also on the Rainy River with 7 cottages and a main home, aluminum boats, docking, picnic tables, and cottages completely furnished with turn key operations this really is ready to for the next owner to start operations of a resort! There is a sandy beach area with a sea wall and steps down into the water great for swimming and easy lake access. The boat dockage is great with electric and cleats for so many of boats to dock and with your own boat launch for east access. The rentals are nearly completely booked for the summer 2023. They have operating website and been owners since 1970 and are looking for new owners to continue what they have enjoyed for years.....
Sold for $865,000
Street View
$865,000
4492 County Road 489, Onaway, MI 49765
22beds
9baths
--sqft
Multi Family
Built in ----
-- sqft lot
$931,200 Zestimate®
$--/sqft
$1,246 Estimated rent
Home value
$931,200
$792,000 - $1.10M
$1,246/mo
Zestimate® history
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$1,246/mo
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$5,393/mo
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Zillow last checked:
Listing updated:
Listed by:
Darren M Vizina 231.238.7400,
Berkshire Hathaway Homeservices Indian River,
Michael J Vizina 231-420-0124
Source: WWMLS,MLS#: 201824284
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 22
- Bathrooms: 9
Heating
- Space Heater, Propane, Natural Gas, Forced Air, Baseboard
Appliances
- Included: Washer, Refrigerator, Microwave, Freezer, Dryer, Dishwasher
- Laundry: Main Level
Property
Parking
- Parking features: Garage
- Has garage: Yes
Features
- On waterfront: Yes
- Body of water: Black Lake
Lot
- Size: 1.5 Acres
- Dimensions: 1.5 Acres (See Survey)
Details
- Additional structures: Shed(s)
- Parcel number: See Exhibit A
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Cottage
- Property subtype: Multi Family
Materials
- Aluminum Siding, Vinyl Siding
Utilities & green energy
- Sewer: Septic Tank
Community & HOA
Community
- Subdivision: T35N,R2E
Location
- Region: Onaway
Financial & listing details
- Tax assessed value: $244,000
- Annual tax amount: $2,519
- Date on market: 5/31/2023
- Listing terms: Cash,Conventional Mortgage
- Ownership: Owner
Price history
| Date | Event | Price |
|---|---|---|
| 6/4/2024 | Listing removed | -- |
Source: Berkshire Hathaway HomeServices Michigan and Northern Indiana Real Estate Report a problem | ||
| 1/5/2024 | Sold | $865,000 |
Source:  WWMLS #201824284 Report a problem | ||
| 5/31/2023 | Listed for sale | $865,000 |
Source: WWMLS #201824284 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,519 +90.8% | $122,000 +10.2% |
| 2024 | $1,320 +5.2% | $110,700 +20.5% |
| 2023 | $1,255 +14.2% | $91,900 +11.8% |
| 2022 | $1,099 +0.3% | $82,200 +0.6% |
| 2021 | $1,096 +1.9% | $81,700 +41.6% |
| 2020 | $1,076 | $57,700 +2.1% |
| 2019 | -- | $56,500 -0.2% |
| 2018 | -- | $56,600 +3.9% |
| 2016 | -- | $54,500 -0.2% |
| 2014 | -- | $54,600 -4% |
| 2013 | -- | $56,900 -8.1% |
| 2012 | -- | $61,900 -13.3% |
| 2011 | -- | $71,400 -2.5% |
| 2010 | -- | $73,200 |
Find assessor info on the county website
Neighborhood: 49765
Nearby homes
- $118,200-- bd-- ba-- sqft4510 County Road 489, Onaway, MI 49765Off Market
- $410,300-- bd-- ba-- sqft4466 County Road 489, Onaway, MI 49765Off Market
- $367,4003 bd2 ba1.1k sqft4456 County Road 489, Onaway, MI 49765Off Market
- $343,100-- bd-- ba-- sqft4516 County Road 489, Onaway, MI 49765Off Market
- $46,400-- bd-- ba-- sqft4542 Chapman Dr, Onaway, MI 49765Off Market
- $407,5002 bd2 ba1.3k sqft4520 County Road 489, Onaway, MI 49765Off Market
- $344,0002 bd2 ba990 sqft4446 County Road 489, Onaway, MI 49765Off Market
- $140,400-- bd-- ba-- sqft4481 County Road 489, Onaway, MI 49765Off Market
Nearby schools
GreatSchools rating
- 3/10Onaway Elementary SchoolGrades: K-5Distance: 7 mi
- 5/10Onaway Middle SchoolGrades: 6-8Distance: 7 mi
- 4/10Onaway Senior High SchoolGrades: 9-12Distance: 7 mi
Schools provided by the listing agent
- Elementary: Onaway
- High: Onaway
Source: WWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Michigan
- Presque Isle County
- Onaway
- 49765
- 4492 County Road 489
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