$543,000
Beds: 7
Baths: 4
Sqft: 2,373
Sqft lot: 17,424
Acre lot: 0.40
136 Days On Market
Status: Active
Property Type: Single Family Residence
Year Built: 1950
Days On Website: 136

3 rental cottages on 1 Silver Lake waterfront lot. Owners paid $550,000 and put over $100,000 into these cottages. Dock. Great swimming, boating & fishing lake. Cottages all have a great view of the dunes & lake. Weekly summer rentals at $4650 for all 3 together to sleep 20 people in 6 bedrooms, 4 baths, 1 laundry, 3 kitchens, 3 lakeside decks or patios. Legal is lots 13 & 36 (beach front) of Adelia Beach. One 2 bedroom, 1 bath cottages with new flooring. Plus a 3 bedroom, 2 bath connected to another 3 bedroom (1 is thesleeping loft). $15,000 new septic installed April 2017. 2017 rental income $50,918. 2016 rentals totaled $50,294. Over $50,000 in bookings for 2016 season. Seller is licensed Real Estate Agent loft and 1 bath unit. 2016 summer income booked is $33,105 as of 4/25/2016.

Features

Appliances and Equipment

  • Dishwasher
  • Dryer
  • Microwave
  • Oven
  • Range
  • Refrigerator
  • Washer

Property Access

  • Unpaved

Bathrooms

  • 4 total bathroms
  • 4 full bathrooms
  • 4 main floor full bathrooms
  • Master bath level: M

Bedrooms

  • 7 bedrooms
  • 7 bedrooms above grade
  • 7 main floor bedrooms

First Bedroom

  • Master bedroom level: M

Second Bedroom

  • Second bedroom level: M

Third Bedroom

  • Third bedroom level: M

Fourth Bedroom

  • Fourth bedroom level: M

Fifth Bedroom

  • Fifth bedroom level: M

House

  • Built in 1950
  • 15 rooms above ground
  • Design: Cabin/Cottage
  • Accessibility features: No
  • 2,373 main level square feet
  • 0 lower level finished square feet
  • 0 lower level square feet
  • Screens

Cooling

  • Central

Dining Room

  • Dining area level: M

Exterior Features

  • Wood Siding

Fireplaces

  • 1 fireplace
  • Fireplace
  • Living

Family Room

  • Family room level: M

Water

  • Deck(s)
  • Well
  • All Sports
  • Dock
  • Private Frontage
  • View
  • Lake

Heating

  • Natural Gas
  • Forced Air

Kitchen

  • Center Island
  • Kitchen level: M

Laundry

  • Laundry room level: M

Listing

  • Listing ID: 18004589
  • List price: $543,000

Location

  • 8540
  • W
  • Silver Lake
  • Road
  • City: Mears
  • MI
  • 49436
  • County: Oceana
  • Directions: Between Mac Dune Rides/Silver Lake State Park Campgrounds & The circular/Craigs Crusisers.
  • Cross streets: Silver Lake & W. Hazel
  • Paved
  • Public

Lot

  • 60 X 37 X 50 X 250 lot dimensions
  • Lot measured in acres
  • 17,424 lot square feet
  • 0 acres

Living Room

  • Living room level: M

Property

  • Property type: A
  • Property subtype: Single Family Residence
  • Water access
  • Shrubs/Hedges
  • Yes

Roof

  • Composition

Schools

  • School district: Hart

Taxes

  • $9,702 annual property tax
  • Tax year: 2018

Utilities

  • Septic System
  • Broadband
  • Cable

Property Map

Map View


$543,000 - 8540 W Silver Lake Road, Mears, MI 49436

Street View


Directions


8540 W Silver Lake Road
Mears, MI 49436

Nearby Schools

Local Sales

Courtesy of Coldwell Banker Schmidt Realtors, Andrea L Crossman.