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.
For sale
$995,000
3551 W Otsego Lake Dr, Gaylord, MI 49735
7beds
3,169sqft
Est.:
Single Family Residence
Built in ----
2.4 Acres Lot
$969,700 Zestimate®
$314/sqft
$-- HOA
What's special
- 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#: 201836503

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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
- Loading
- Loading