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787 Lake Street 11, Saugatuck, MI 49453 (MLS# 26010197)

$1,800,000
787 Lake Street 11
Saugatuck, MI 49453
MLS# 26010197
6 baths  |  2744 sqft
787 Lake Street 11, Saugatuck, MI 49453
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Property Description
Waterfront investment property! This premier 7-bedroom, 6-bath waterfront home is a standout investment opportunity at $1.8 million. Newly remodeled and furnished with high end furniture included in the sale. Accommodating up to 14/16 guests, it features a charming four-season front porch, back patio for outdoor BBQ's, a private hot tub, and it's part of an 11-unit association offering a shared pool. This home comes with 2 of the associations premier end docks that only owners can enjoy with a gate to keep your boat secure. Perfectly positioned between downtown Saugatuck and Douglas, it's just a stroll away from great restaurants, shopping, bars, and parks. Ideal for large groups and unforgettable getaways! Could be converted back to a bed and breakfast again if someone wanted to make that their residence and offer rooms to rent.

Details
Maps
Location Property Info
County: Allegan
Street #: 787
Street Name: Lake
Suffix: Street
State: MI
Zip Code: 49453
Zip (4): 9434
OfficeContract Info
Status: Active
Current Price: $1,800,000
List Price: $1,800,000
Listing Date: 2026-03-16
General Property Info
New Construction: No
Lot Measurement: Acres
Lot Acres: 0.97
Lot Square Footage: 42213
Lot Dimensions: 0 x 0
Year Built: 1920
Mineral Rights: No
Year Remodeled: 2021
Total # Units: 1
# Fin Bldg Lvls: 2
# of Diff Unit Floor Plans: 1
Total # Bldgs: 1
Total SqFt: 2744
Total Net SqFt: 4044
Property Use Type: Investment
Full Baths: 6
Total Baths: 6
Waterfront: Yes
Body of Water: Kalamazoo Lake
School District: Saugatuck-Douglas
Statewide Lakes & Rivers: Kalamazoo Lake
Middle School: Saugatuck Middle School
High School: Saugatuck High School
Tax Info
Tax ID #: 57-875-011-00
Taxable Value: 358280
SEV: 449800
For Tax Year: 2020
Seller's Annual Property Tax: 21250
Tax Year: 2025
Spec Assessment & Type: None known
Non-Conforming Use: No
Zoning: R-RESORTDIST C4
Remarks Misc
Directions: Bluestar to lake to address on the left.
Additional Details
Total Parking Spaces: 6
Income and Expenses
Annual Maint ($): 3500
Annual Mgt Fees ($): 20
Gross Op Income ($): 150000
Total Actual Rent: 110000
Waterfront Options
Water Access Y/N: Yes
Water Frontage: 175
Property Features
Property Use: Investment
SqFt Information: Carbon Monoxide Detector(s); Smoke Detector(s)
Water Type: Lake
Uses: Other
Ownership: LLC
Business Includes: Furniture; Inventory; Licenses; Real Estate
Construction Type: Frame/Wood
Exterior Material: Vinyl Siding
Roofing: Composition
Foundation: Block
Below Grade: Basement
Tenant Pays All: Building Insurance; Electric; Gas; Prop Taxes/Assess; Sewer; Water
Sewer: Public Sewer
Water: Public Water
Utilities Attached: Cable Connected; Electricity Connected; Natural Gas Connected
Util Avail at St: Cable Available; Electricity Available; High Speed Internet; Natural Gas Available; Storm Sewer
Heat Source: Natural Gas
Heat Type: Baseboard; Forced Air; Hot Water
Air Conditioning: Central Air; Window Unit(s)
Driveway: Shared Paved
Street Type: Paved; Public
Purchase Terms Avail: Cash; Conventional
Docs at List Office: Aerial Photo
Docs Req Conf Agrmnt: Financials
Sale Conditions: None
Possession: Close Of Escrow

Listing Office: BHG Connections

Listing Agent: Tammy Kerr

Last Updated: March - 17 - 2026

787 Lake Street 11, Saugatuck, MI 49453 - MLS# 26010197

The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of MICHRIC , and site contains live data. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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