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For sale
  • $995,000

    3551 W Otsego Lake Dr, Gaylord, MI 49735

    7beds
    3,169sqft
    : 
    Single Family Residence
    Built in ----
    2.4 Acres Lot
    $969,700 Zestimate®
    $314/sqft
    $-- HOA

    What's special

    Possibilities abound for this unique, multifamily property on Otsego Lake. 4 cottages with excellent short- and long-term rental history, 150' of beautiful, sandy Otsego Lake frontage and 2.4 acres of prime property. Only a handful of lots this size still exist on Otsego Lake. Two cottages were built in 2015, Two renovated. Shared 20x20 garage for storage, private water system, newer pump-back septic system upgraded in 2015. The lot size gives you the option of adding additional cottages or a larger residence. There is also room for a large outbuilding, which could be divided for separate storage. Great return on investment as-is, or expand for even higher potential.
    9 days
    on Zillow
    |
    781
    |
    33
    |

    Zillow last checked: 7 hours ago

    Listing updated: August 15, 2025 at 12:39pm

    Listed by:

    Ryan Wojan 312-545-8596,

    smith realty GROUP 989-732-2477,

    Michael Rosen 989-370-6785

    Source: WWMLS,MLS#: 201836503MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 3551 W Otsego Lake Dr.

    Next available tour time:Tuesday at 4pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 7
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Forced Air, Natural Gas
    Cooling
    • Central Air
    Appliances
    • Included: Range/Oven, Refrigerator, Microwave, Dishwasher
    • Laundry: None
    Features
    • Vaulted Ceiling(s)
    • Flooring: Hardwood, Laminate
    • Doors: Doorwall
    Interior area
    • Total structure area: 3,169
    • Total interior livable area: 3,169 sqft
    • Finished area above ground: 3,169

    Property

    Parking
    • Parking features: Garage
    • Has garage: Yes
    Features
    • Patio & porch: Deck
    • Exterior features: Sprinkler System
    • Body of water: Otsego Lake
    • Frontage type: All-Sport
    Lot
    • Size: 2.4 Acres
    • Dimensions: 2.4 acres
    Details
    • Additional structures: Shed(s)
    • Parcel number: 01002040010000
    • Zoning: RR

    Construction

    Type & style
    • Home type: SingleFamily
    • Architectural style: Cabin
    • Property subtype: Single Family Residence
    Materials
    • Foundation: Crawl

    Utilities & green energy

    • Sewer: Septic Tank
    • Utilities for property: Cable Connected

    Community & HOA

    Community
    • Subdivision: T30N R3W
    Location
    • Region: Gaylord

    Financial & listing details

    • Price per square foot: $314/sqft
    • Tax assessed value: $686,800
    • Annual tax amount: $6,046
    • Date on market: 8/15/2025
    • Listing terms: Cash,Conventional Mortgage
    • Ownership: Owner
    • Road surface type: Paved, Maintained
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