722 Lake Street, Saugatuck, MI 49453
Overview
Description
Supplements: ... (Read more) An exceptional opportunity in the heart of Saugatuck, this meticulously maintained property offers the rare combination of historic charm, modern updates, and extraordinary short-term rental potential. Situated just two blocks from downtown Saugatuck and conveniently located near Blue Star Highway for easy access without downtown traffic, this three-unit property is a proven and highly desirable STR setup with projected annual rental income models estimating well into six figures. The main home features over 2,200 square feet of character-filled living space, blending timeless craftsmanship with thoughtful updates throughout. The main floor offers a beautifully finished front sun porch, original hardwood floors, a high-end kitchen, stunning full bathroom, spacious primary bedroom with direct porch access, and an additional family room with attached full bath that could easily function as a luxurious primary suite. Upstairs, original flooring continues throughout two generous bedrooms and a large loft area currently utilized as additional sleeping space. A sliding door opens to a private rooftop deck overlooking the rear of the property - the perfect retreat after a day in town or at the lake. The lower level includes an additional family room, laundry area with shower, and two oversized storage rooms, providing ample space for owners and guests alike. The renovated carriage house has been thoughtfully transformed into two separate rental units. The lower-level studio apartment features a bed, futon, refrigerator, microwave, and a beautifully finished full bathroom. The upper-level unit offers a private entrance, full kitchen, full bathroom, and sleeping accommodations for multiple guests, making it ideal for extended stays or premium STR income. Outside, a fully equipped storage shed is stocked with amenities and essentials for guests, further enhancing the property's turnkey appeal. Whether you're seeking a high-performing investment property, a personal getaway with income potential, or a one-of-a-kind Saugatuck compound, this property delivers unmatched versatility, location, and earning potential.
Listing Details MLS# 26024016
Location Property Info
- County
- Allegan
- Street #
- 722
- Street Name
- Lake
- Suffix
- Street
- State
- MI
- Zip Code
- 49453
- Zip (4)
- 9435
General Property Info
- Lot Measurement
- Acres
- Lot Square Footage
- 10890
- Lot Acres
- 0.25
- Lot Dimensions
- 53x205
- Year Built
- 1935
- New Construction
- No
- Road Frontage
- 53
- Total # Units
- 3
- # of Diff Unit Floor Plans
- 3
- Total # Bldgs
- 2
- Total Approx. SqFt All Bldgs
- 3500
- Total Parking Spaces
- 6
- Waterfront
- No
- School District
- Saugatuck-Douglas
- Basement
- Yes
Tax Info
- Tax ID #
- 57-514-040-00
- Taxable Value
- 226616
- SEV
- 391100
- For Tax Year
- 2017
- Seller's Annual Property Tax
- 10560
- Tax Year
- 2025
- Homestead %
- 70
- Spec Assessment & Ty
- na
Remarks Misc
- Directions
- Blue Star Hwy to Lake St. to home
Access Feat
- Accessibility Features
- No
More Information
Unit 1
- Unit Description
- Main House
- SqFt
- 2500
- Bathrooms
- 3
- Full Baths
- 2
- Half Baths
- Yes
- Central Air
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Fireplace
- Yes
- Garb Disp
- Yes
- Range Oven
- Yes
- Refrigerator
- Yes
- Washer/Dryer
- Yes
Unit 2
- Unit Description
- Upstairs
- SqFt
- 509
- Bathrooms
- Yes
- Full Baths
- Yes
- Central Air
- Yes
- Deck/Patio
- Yes
- Dishwasher
- Yes
- Range/Oven
- Yes
- Refrigerator
- Yes
Unit 3
- Unit Description
- Downstairs
- SqFt
- 509
- Bathrooms
- Yes
- Full Baths
- Yes
- Central Air
- Yes
- Refrigerator
- Yes
Location & Property Info
- Cross Streets
- Blue Star Highway and Lake St
- Property Sub-Type
- 2 to 4 Units
- Municipality
- Saugatuck City
- Ownership Type
- Private Owned
Office/Contract Info
- Auction or For Sale
- For Sale
- List Price/SqFt
- 314.29
Remarks & Misc
- Public Remarks
- An exceptional opportunity in the heart of Saugatuck, this meticulously maintained property offers the rare combination of charm, updates, and short-term rental potential. Situated just two blocks from downtown Saugatuck and conveniently located near Blue Star Highway for easy access without downtown traffic, this three-unit property is a highly desirable STR setup with projected annual rental income models estimating well into six figures. The main home features over 2,200 square feet of character-filled living space, blending craftsmanship with thoughtful updates throughout. The main floor offers a beautifully finished front sun porch, original hardwood floors, a high-end kitchen, two stunning full bathrooms, spacious primary bedroom with direct porch access, and an additional family room with attached full bath that could easily function as a luxurious primary suite. Upstairs, original flooring continues throughout two generous bedrooms
- Legal
- THAT PART LOT 7 BLK 4 COM ON LINE BETWEEN LOTS 6 & 7 BLK 4 AT PT 100 FT FROM SLY SIDE OF PLEASANT AVE. WLY PPL WITH PLEASANT AVE 40 FT SWLY TO LAKE ST TO A PT 60 FT FROM SE COR LOT 7 TH SELY ALG LK ST. 60 FT TO SE COR LOT 7 TH NELY ALONG ELY SIDE LOT 7 TO BEG BLOCK 4 MORRISON & DENSMORE'S ADDITION.
Water Fea. Amenities
- Public Access 1 Mile or Less
- Yes
- View
- Yes
Lot Description
- Sidewalk
- Yes
- Wooded
- Yes
Street Type
- Paved
- Yes
- Public
- Yes
Util Avail at Street
- Cable Available
- Yes
- Electricity Available
- Yes
- Natural Gas Available
- Yes
- Phone Available
- Yes
- Storm Sewer
- Yes
Utilities Attached
- Natural Gas Connected
- Yes
- Phone Connected
- Yes
Sewer
- Public Sewer
- Yes
Water
- Public Water
- Yes
Terms Available
- Cash
- Yes
- Conventional
- Yes
- VA Loan
- Yes
Mineral Rights
- Unknown
- Yes
Laundry Features
- Gas Dryer Hookup
- Yes
- In Basement
- Yes
- Laundry Chute
- Yes
- Sink
- Yes
Exterior Material
- Aluminum Siding
- Yes
Roofing
- Composition
- Yes
Heat Source
- Natural Gas
- Yes
Sale Conditions
- None
- Yes
Heat Type
- Forced Air
- Yes
Air Conditioning
- Central Air
- Yes
- Window Unit(s)
- Yes
Tenant Pays
- None
- Yes
Driveway
- Asphalt
- Yes
Substructure
- Full
- Yes
Owner Pays
- Electricity
- Yes
- Gas
- Yes
- Sewer
- Yes
- Trash Collection
- Yes
- Water
- Yes
Possession
- Close Of Escrow
- Yes
Property Features



