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.Startgenerating 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!
Property Details
Property Features
Property Information:
Architectural Style: Farmhouse
Year Built: 1900
Stories: 2
Living Area: 3,369 SqFt
Listing Office:
Office Name: R1 Property Group
Listing Agent: Nate Paulus
Interior Features
Bedroom and Bathroom Information:
Full Bathrooms: 3
Total Bedroom Count: 5
Exterior Features
Exterior Information:
Waterfront: Lake
Parking Information:
Attached Garage: No
Parking: Detached
Lot Features
Lot Information:
Lot Size: 3.93 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air
Cooling: Central Air
School Info
Assigned Schools Information:
Union High School, Public District Grades 9-12
Dowagiac Middle School, Public District Grades 6-8
Sister Lakes Elementary School, Public District Grades KG-5
Other
Directions Information:
Directions: M152 East, Turn South On County Road 690. Property on Left next to The Strand Brewery
Price Information
Listing Price Info
Price Summary:
List Price: $1,200,000
Price Per SqFt: $356/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Dowagiac, MI.
This property is $1.0M more than the Median Sold Price and $222/SqFt more than other homes in Dowagiac, MI.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: Southwestern Michigan Association of REALTORS®
MLS Number: #69023137201
Listing Office:
Office Name: R1 Property Group
Listing Agent: Nate Paulus
Disclaimer: The data relating to real estate on this web site comes in part from the IDX of Realcomp II Ltd. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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. Any use of search facilities of data on the site, other than by a consumer looking to purchase real estate, is prohibited.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$6,057
Per Month
Principal & Interest
$5,990
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$3,664
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Sister Lakes Elementary School
68079 M 152
Distance between this listing and this school0.35 miles
Public District Grades KG-5
Middle School
5
/10
Dowagiac Middle School
57072 Riverside Dr
Distance between this listing and this school9.39 miles
Public District Grades 6-8
High School
5
/10
Union High School
701 W Prairie Ronde St
Distance between this listing and this school7.58 miles
Public District Grades 9-12
Assigned Schools
6
/10
Sister Lakes Elementary School
68079 M 152
Distance between this listing and this school0.35 miles
Public District Grades KG-5
Nearby Schools
3
/10
Countryside Academy-Elementary
4821 North St
Distance between this listing and this school7.65 miles
Public Charter Grades KG-5
5
/10
Patrick Hamilton Elementary School
614 Spruce St
Distance between this listing and this school7.80 miles
Public District Grades KG-5
Assigned Schools
5
/10
Dowagiac Middle School
57072 Riverside Dr
Distance between this listing and this school9.39 miles
Public District Grades 6-8
Nearby Schools
5
/10
Watervliet Middle School
450 E Saint Joseph St
Distance between this listing and this school7.84 miles
Public District Grades 6-8
4
/10
Coloma Junior High School
302 W Saint Joseph St
Distance between this listing and this school8.78 miles
Public District Grades 8-9
Assigned Schools
5
/10
Union High School
701 W Prairie Ronde St
Distance between this listing and this school7.58 miles
Public District Grades 9-12
Nearby Schools
3
/10
Countryside Academy-Middle/High School
4800 Meadowbrook Rd
Distance between this listing and this school7.23 miles
Public Charter Grades 6-12
1
/10
Pathfinders Alternative Education
501 N Paul St
Distance between this listing and this school7.57 miles
The neighbors living near this home have an average income of $47,500. Residents of Dowagiac, MI typically earn between $35k-100k each year. Most families are single, no kids. Most residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 93283 County Road 690
What is the listing price of this property?
The listing price of 93283 County Road 690 property is $1,200,000.
What type of property is this?
The property 93283 County Road 690 is a house located in Dowagiac, Michigan, 49047.
Is this property for sale now?
Sale Pending: 93283 County Road 690 is Sale Pending (Pending), which means that the seller has accepted an offer but the sale is not finalized.
What are the assigned schools for this property?
The assigned schools for 93283 County Road 690 are: Sister Lakes Elementary School: GreatSchools Rating 6/10Dowagiac Middle School: GreatSchools Rating 5/10Union High School: GreatSchools Rating 5/10
When was this property sold last time and for how much?
The last sale was on May 10, 2021 for $425,000. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 93283 County Road 690 has 5 bedrooms and 3 bathrooms.
What is the square footage of this property?
The property 93283 County Road 690 is 3,369 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 93283 County Road 690 is 1900.
This home is located at 93283 County Road 690 in Dowagiac, MI and zip code 49047. This 3,369 square foot home, which was built in 1900, sits on a 3.93 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 05, 2023 and is currently priced at $1,200,000.
While more than 2 listings in Dowagiac, MI in April 2024 were sold above asking price, there were more than 2 listings sold at asking price, and more than 5 were sold below. The inventory of homes for sale in Dowagiac, MI between March 2024 and April 2024 increased by 12.1%. The median list price of listings available in April 2024 was $180,000, while the average time on the real estate market was 66 days.
From Rocket Homes Real Estate and based on county public records data.