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

787 Lake Street 11, Saugatuck, MI 49453

$1,599,000

FULL BATH FOR FAMILY ROOM/ADDITIONAL BEDROOM

back patio with hot tub around the corner

Property Type: Commercial Sale Baths: 6 Square Footage: 2,744 Lot Size (sq. ft.): 42,213 Status: Active

Current Price: $1,599,000 List Date: 3/17/2026 Last Modified: 9/02/2026

Overview

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.

Supplements: Owner is licensed agent in the State of Michigan

Listing Details MLS# 26010197

Location Property Info

County: Allegan
Street #: 787
Street Name: Lake
Suffix: Street
State: MI
Zip Code: 49453
Zip (4): 9434

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: Yes
# Fin Bldg Lvls: 2
# of Diff Unit Floor Plans: Yes
Total # Bldgs: Yes
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

More Information

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: Brick; 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; Radiant 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 L Kerr

Last Updated: September - 02 - 2026

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