Dreaming on….. 5242 Ostlund Dr. in Hope, Michigan! Great potential for Dreams to come true on what is unquestionably the most desirable location on Wixom Lake. Located in Gladwin County on the east shore of Wixom Lake (Tittabawassee River) with mostly wooded lots, half way between the Edenville Dam and the Estey Road bridge, with access via the terminus of a private paved drive off Middle Road. Whether you are admiring the gorgeous colors of Autumn, cozying up by the crackling fire watching the snow fall in Winter, or viewing the awe-inspiring sunsets year-round, you will enjoy the 180 degree unobstructed view of the lake. The parcel consists of 8 contiguous lots from the original plats of the Ostlund and Pudlo Subdivisions. Since 1949, the parcel has been owned by a family which used the single level cabin and environs as a recreational retreat during the summer months. When the water returns the property boasts a magnificent sandy bottomed swimming area, 40 yards wide along over 500 feet of lake frontage, plus a docking facility with 4 ft. depth. The 4 ½ acre parcel is served with Consumers Energy electricity and has natural gas service available. Sellers are open to negotiations on splitting the property lots.
For sale
$494,500
5242 Ostlund Dr, Hope, MI 48628
0beds
960sqft
Est.:
Single Family Residence
Built in 1949
4.5 Acres Lot
$-- Zestimate®
$515/sqft
$-- HOA
What's special
Gorgeous colors of autumn
- 276 days
- on Zillow |
- 328 |
- 8 |
Zillow last checked: 7 hours ago
Listing updated: June 18, 2025 at 07:10am
Listed by:
Glenn Wyman 989-615-1941,
Modern Realty 989-486-9770,
Robert Zientek 989-506-5635,
Modern Realty
Source: MiRealSource,MLS#: 50160513
Originating MLS: Saginaw Board of REALTORS

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
Rooms
- Room types: Bathroom
Bathroom 1
- Level: Main
Kitchen
- Area: 0
- Dimensions: 0 x 0
Heating
- Forced Air, Propane
Cooling
- Ceiling Fan(s)
Appliances
- Included: Electric Water Heater
Features
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Great Room, Natural Fireplace
Interior area
- Total structure area: 960
- Total interior livable area: 960 sqft
- Finished area above ground: 960
- Finished area below ground: 0
Property
Parking
- Total spaces: 4
- Parking features: Garage, Detached, Electric in Garage, Off Street, Garage Faces Side
- Garage spaces: 4
Accessibility
- Accessibility features: Accessible Central Living Area, Accessible Common Area
Features
- Levels: One
- Stories: 1
- Has view: Yes
- View description: Water
- Has water view: Yes
- Water view: Water
- Waterfront features: All Sports Lake, Association Access, Canal Front, Island, Lake Front, Seawall, Waterfront
- Body of water: Tittabawassee River
- Frontage length: 1000
Lot
- Size: 4.5 Acres
- Features: Deep Lot - 150+ Ft., Large Lot - 65+ Ft., Cleared, Dead End, Subdivision, Platted, Splits Available, Wooded
Details
- Parcel number: 03018500001900
- Zoning description: Residential
- Special conditions: Private
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subtype: Single Family Residence
Materials
- Block
- Foundation: Slab
Condition
- New construction: No
- Year built: 1949
Utilities & green energy
- Sewer: Septic Tank
- Water: Private Well
Community & HOA
Community
- Subdivision: N/A
HOA
- Has HOA: No
- HOA name: Unknown
Location
- Region: Hope
Financial & listing details
- Price per square foot: $515/sqft
- Tax assessed value: $154,600
- Annual tax amount: $6,131
- Date on market: 11/7/2024
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional Blend,FHA,VA Loan
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