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For sale
  • $1,850,000

    4871 Us Highway 31 N, Central Lake, MI 49622

    16beds
    4,800sqft
    : 
    $11,518/mo
    Get pre-qualified
    Single Family Residence
    Built in 1959
    2.78 Acres Lot
    $-- Zestimate®
    $385/sqft
    $-- HOA

    What's special

    Picturesque locationAmple parking for guestsWelcoming rooms
    Income-earning and living opportunities like this only come along once in a lifetime. Located in one of the most picturesque locations in Michigan, minutes to Torch Lake & Lake Michigan, and a short drive to Elk Rapids or Charlevoix. Situated very close to a beautiful State Park (Barnes) along the shores of Lake Michigan & in proximity to an abundance of restaurants, wineries, vineyards, and orchards. Updated in 2016 with the addition of 6 new standalone cottages and a complete update of the 8 other motel rooms. The highly sought-after and highly reviewed Torch Bay Inn not only features updated and very welcoming rooms, but is also maintained and operated by its owners to make every guest feel like family and provide a relaxing and enjoyable stay. The pride of ownership is abundant from the time you walk in to the time you spend enjoying the patio, gardens, and the gas fire pit seating area. The property features a large 2-bedroom living area that could accommodate a full-time live-in manager or an on-site owner operator, ample parking for guests, an oversized 2 stall garage/workshop, an expanded area for boat trailers & campers, plus enough land to expand the operations for more cabins. Meticulously maintained, and attention to detail went into every aspect of this high-producing gem of a property. Income statements and disclosures are available upon request with a signed NDA. More pictures and video will be uploaded on Sept 15, 2025. Stay tuned for an incredible tour.
    337 days
    |
    700
    |
    38
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Tom Rumble 616-250-6751,

    eXp Realty 616-250-6751

    Source: My State MLS,MLS#: 11569658

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 16
      • Bathrooms: 15
      • Full bathrooms: 15
      Rooms
      • Room types: First Floor Bathroom, First Floor Master Bedroom, Living Room, Master Bedroom, Private Guest Room
      Kitchen
      • Features: Open
      Basement
      • Area: 0
      Heating
      • Gas, Zoned, Other
      Cooling
      • Central, Wall/Window Unit(s), Zoned
      Features
      • Flooring: Stone
      • Doors: Doorman
      • Basement: Slab
      • Has fireplace: No
      • Furnished: Yes
      Interior area
      • Total structure area: 4,800
      • Total interior livable area: 4,800 sqft
      • Finished area above ground: 4,800

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached
      • Garage spaces: 2
      Features
      • Stories: 1
      • Patio & porch: Patio
      • Has view: Yes
      • View description: Wooded
      Lot
      • Size: 2.78 Acres
      Details
      • Additional structures: Workshop
      • Parcel number: 051431201711
      • Lease amount: $0

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Frame
      • Roof: Asphalt
      Condition
      • New construction: No
      • Year built: 1959
      • Major remodel year: 2016

      Utilities & green energy

      • Electric: Amps(200)
      • Sewer: Private Septic
      • Water: Well
      • Utilities for property: Naturl Gas Available

      Community & HOA

      Community
      • Features: Laundry
      • Security: Alarm
      HOA
      • Has HOA: No
      • Amenities included: Laundry
      Location
      • Region: Central Lake

      Financial & listing details

      • Price per square foot: $385/sqft
      • Annual tax amount: $9,000
      • Date on market: 9/6/2025
      • Date available: 09/05/2025

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,925/mo

        Price history

        DateEventPrice
        9/6/2025Listed for sale$1,850,000$385/sqft
        Source: My State MLS #11569658 Report a problem

        Public tax history

        Tax history is unavailable.

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 49622

        Getting around

        17 / 100
        Car-Dependent
        32 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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