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  • $1,125,000

    5358 Paw Paw Lake Rd, Coloma, MI 49038

    6beds
    2,508sqft
    : 
    $7,343/mo
    Get pre-qualified
    Single Family Residence
    Built in 1935
    1 Acres Lot
    $1,088,200 Zestimate®
    $449/sqft
    $-- HOA

    What's special

    Seven beautifully constructed cabins
    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.
    12 days
    |
    970
    |
    73
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Lane Moser 260-615-9248,

    Ellsbury Group 219-200-5133

    Source: MichRIC,MLS#: 26038543MLS Logo

      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: $449/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

        $1,088,200

        $1.03M - $1.14M

        $3,094/mo

        Price history

        DateEventPrice
        7/26/2026Listed for sale$1,125,000+65.7%$449/sqft
        Source: MichRIC #26038543 Report a problem
        8/14/2020Sold$679,000+534.6%$271/sqft
        Source: MichRIC #20021075 Report a problem
        2/27/2017Sold$107,000+18.9%$43/sqft
        Source: Public Record Report a problem
        12/4/2003Sold$90,000$36/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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

        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.
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        Climate risks

        Neighborhood: 49038

        Getting around

        15 / 100
        Car-Dependent
        32 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating

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