722 Lake Street

Overview

An exceptional opportunity in the heart of Saugatuck, this meticulously maintained three-unit property blends historic charm, thoughtful updates, and outstanding short-term rental potential. Just two blocks from downtown with convenient highway access, it offers projected annual rental income well into six figures. The 2,200-square-foot main home features original hardwood floors, a high-end kitchen, flexible sleeping spaces, multiple living areas, and a private rooftop deck. Two renovated carriage-house units provide additional guest accommodations, including a studio and an upper apartment with a full kitchen. Turnkey and versatile, it is ideal as an investment, personal retreat, or income-producing compound.

Property details

What to ask about this one

Three questions worth putting to the listing side before you write anything. They are specific to this property, not a checklist.

1. 01

   Confirm the bottomland ownership and what the dock permit allows

2. 02

   Check the lake board's rules on watercraft and no-wake hours

3. 03

   Budget for a pre-1978 inspection — lead paint, knob-and-tube, and the roof

4. 04

   Ask for the well and septic records, and when each was last serviced

5. 05

   Ask what the taxable value uncaps to after the sale, not what the seller pays now