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Sold
  • $935,000

    93283 County Road 690, Dowagiac, MI 49047

    5beds
    3,369sqft
    Single Family Residence
    Built in 1900
    3.93 Acres Lot
    $-- Zestimate®
    $278/sqft
    $2,703 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $2,703/mo

    Zestimate® history
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    What's special

    Discover an extraordinary investment/business/vacation rental or friend and family compound opportunity with a history of cash flow and a recent complete overhaul! This one-of-a-kind property sits in the epicenter of Sister Lakes, just steps from the area's top attractions and directly across the street from the only public beach in town. For decades this almost 4 acre property operated as a seasonal campground (28 lots) but was recently purchased and has undergone a TOTAL overhaul. The property is now presented as a private short-term rental property for large groups that includes the completely updated 3,300 sq+. foot Great House, 4 stylish retro Airstreams with 2 of them being updated, 2 teepees, a pole barn ''game room'', completely renovated bathhouse and hot-tub for 8. Start generating revenue quickly as this property comes turnkey! All FF&E, property amenities, operating supplies and 4 Airstreams are INCLUDED in the sale price! There are multiple opportunities to generate additional income on this rare and valuable piece of commercial land. Pro formas with 3 different business models (using historical expense data and historical revenue data to forecast) are available upon request: (1) full property (Great House + Airstreams + Teepees) short-term rental (current model), (2) Great House short-term rental + 28 seasonal campground lots and (3) Great House short-term rental + nightly campground lot rentals. ALL 3 business models give ample opportunity to generate revenue. Don't miss this unique and exciting property in Sister Lakes! Read what our guests have said on Airbnb after our SOLD OUT summer with ALL 5-star reviews!

    Zillow last checked:

    Listing updated:

    Listed by:

    Nate Paulus 574-276-6533,

    R1 Property Group

    Bought with:

    Nate Paulus, 6501407272

    R1 Property Group

    Source: MichRIC,MLS#: 23137201MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 5
    • Bathrooms: 3
    • Full bathrooms: 3
    • Main level bedrooms: 2
    Heating
    • Forced Air
    Cooling
    • Central Air
    Features
    • Basement: Crawl Space
    • Has fireplace: No
    Interior area
    • Total structure area: 3,369
    • Total interior livable area: 3,369 sqft

    Property

    Parking
    • Parking features: Detached
    • Has garage: Yes
    Features
    • Stories: 2
    • Waterfront features: Lake
    Lot
    • Size: 3.93 Acres
    Details
    • Parcel number: 801203212710
    • Zoning description: Commercial

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Farmhouse
    • Property subtype: Single Family Residence
    Materials
    • Vinyl Siding
    Condition
    • New construction: No
    • Year built: 1900

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Well

    Community & HOA

    Location
    • Region: Dowagiac

    Financial & listing details

    • Price per square foot: $278/sqft
    • Tax assessed value: $127,470
    • Annual tax amount: $6,674
    • Date on market: 10/5/2023
    • Listing terms: Cash,Conventional

    Price history

    DateEventPrice
    6/21/2024Sold$935,000-22.1%$278/sqft
    Source: MichRIC #23137201 Report a problem
    5/24/2024Pending sale$1,200,000$356/sqft
    Source: MichRIC #23137201 Report a problem
    10/5/2023Listed for sale$1,200,000+500%$356/sqft
    Source: MichRIC #23137201 Report a problem
    11/7/2014Sold$200,000$59/sqft
    Source: Agent Provided Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2021-- --
    2020-- --
    2018-- --
    2017$5,025 +6.8%$141,000 -18%
    2016$4,705 +23.1%$171,900
    2015$3,823 +22.4%$171,900
    2014$3,123 $171,900 +2.6%
    2013-- $167,500
    Find assessor info on the county website

    Neighborhood: 49047

    Nearby schools

    GreatSchools rating
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