Exceptional investment opportunity featuring seven beautifully constructed cabins situated on approximately one acre across two parcels, including 5354 and 5358 Paw Paw Lake Road, conveniently located just across the street from Paw Paw Lake. The property consists of three 2-bedroom, 1-bath cabins, three 1-bedroom, 1-bath cabins currently operating as rentals, and a seventh cabin that is being converted into an office and on-site laundry facility to streamline operations and provide added convenience for ownership. This property offers a rare combination of investment potential and personal enjoyment. Continue operating it as a proven income-producing rental property or create a private family compound where everyone has their own space while staying together. Owners can enjoy the property throughout the year and rent the cabins when they're not in use, making it an ideal opportunity for those looking to offset ownership costs while building long-term value. A proven income producer, the property operates as short-term rentals during the summer season and transitions to longer-term rentals throughout the off-season, generating approximately $150,000 in annual gross rental income. With an established rental history and consistent performance, this is a stabilized asset offering immediate cash flow and future upside. The quality of construction is immediately apparent throughout the property. Exceptional craftsmanship is evident in every cabin, with no corners cut during construction or subsequent improvements. Whether you're looking to expand your investment portfolio or own a one-of-a-kind property near Paw Paw Lake with flexible use and strong income potential, opportunities like this are few and far between.
Active
Price cut: $26K (9/11)
$1,099,000
5358 Paw Paw Lake Rd, Coloma, MI 49038
6beds
2,508sqft
Single Family Residence
Built in 1935
1 Acres Lot
$1,013,600 Zestimate®
$438/sqft
$-- HOA
What's special
Seven beautifully constructed cabins
- 65 days
- 580
- 52
Zillow last checked:
Listing updated:
Listed by:
Lane Moser 260-615-9248,
Ellsbury Group 219-200-5133
Source: MichRIC,MLS#: 26038543
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 6
- Full bathrooms: 6
- Main level bedrooms: 6
Heating
- Heat Pump, Space Heater
Cooling
- Central Air, Ductless, Window Unit(s)
Appliances
- Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Laundry: Common Area, Main Level
Features
- Ceiling Fan(s)
- Flooring: Carpet, Tile, Wood
- Basement: Slab
- Number of fireplaces: 7
Interior area
- Total structure area: 3,460
- Total interior livable area: 2,508 sqft
Property
Features
- Stories: 1
- Waterfront features: Lake
- Body of water: Paw Paw Lake
Lot
- Size: 1 Acres
- Dimensions: 120 x 180 and back lot 120 x 180
- Features: Shrubs/Hedges
Details
- Parcel number: 110862000035014
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Other
- Roof: Metal
Condition
- New construction: No
- Year built: 1935
Utilities & green energy
- Sewer: Public Sewer
- Water: Well
- Utilities for property: Natural Gas Connected
Community & HOA
Community
- Security: Closed Circuit Camera(s), Security System
Location
- Region: Coloma
Financial & listing details
- Price per square foot: $438/sqft
- Tax assessed value: $144,071
- Annual tax amount: $8,023
- Date on market: 7/26/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
$1,013,600
$963,000 - $1.06M
$3,786/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/11/2026 | Price change | $1,099,000-2.3%$438/sqft |
Source: | ||
| 7/26/2026 | Listed for sale | $1,125,000+65.7%$449/sqft |
Source: | ||
| 8/14/2020 | Sold | $679,000+534.6%$271/sqft |
Source: | ||
| 2/27/2017 | Sold | $107,000+18.9%$43/sqft |
Source: Public Record Report a problem | ||
| 12/4/2003 | Sold | $90,000$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,692 +9.2% | $164,300 -0.6% |
| 2024 | $6,129 | $165,300 +14.7% |
| 2023 | -- | $144,100 +10.8% |
| 2022 | $8,550 | $130,000 +5.9% |
| 2021 | -- | $122,700 +77.6% |
| 2020 | $2,759 +2.3% | $69,100 +2.5% |
| 2019 | $2,696 +12.9% | $67,400 +26.9% |
| 2018 | $2,388 +1.3% | $53,100 -0.9% |
| 2017 | $2,357 +0.3% | $53,600 |
| 2016 | $2,349 +344.1% | $53,600 |
| 2015 | $529 | $53,600 +3.5% |
| 2014 | -- | $51,800 |
Find assessor info on the county website
Monthly payment
Est. payment








