Active

Price cut: $15K (8/13)

$485,000

58881 Yeatter Rd, Colon, MI 49040

4beds

3,576sqft

$3,440/mo

Get pre-qualified

Single Family Residence

Built in 1930

0.34 Acres Lot

$465,700 Zestimate^®

$136/sqft

$-- HOA

What's special

Attached garage for storageCenter island kitchenIncluded dockFinished walkout basementPrivate boat launchSnack barWalkout lower level

Experience year-round lakefront living on all-sports Palmer Lake with approximately 90 feet of private frontage, a seawall, private boat launch, and included dock. This fully furnished 4-bedroom, 3-bath Craftsman ranch with a finished walkout basement offers 3,576 finished sq. ft. and currently sleeps 13+ guests. The walkout lower level features a wet bar with sink and full-size refrigerator, creating additional entertaining space. Enjoy sunrise views from the composite deck overlooking the lake. Interior features include a center island kitchen, pantry, snack bar, Whirlpool tub, natural gas, mini-split and central air conditioning, high-speed internet availability, private well, private septic, and an attached garage for storage. Conveniently located just minutes from downtown Colon, this property is ideal as a year-round residence, vacation home, or short-term rental opportunity, where permitted. Includes dock and most furnishings for immediate enjoyment of lake life.

45 days
865
48

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 3
Main level bedrooms: 2

Heating

Forced Air

Cooling

Ductless

Appliances

Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Laundry: Electric Dryer Hookup, In Basement, Laundry Room, Washer Hookup

Features

Ceiling Fan(s), Wet Bar, Center Island, Pantry
Flooring: Carpet, Ceramic Tile, Tile, Wood
Windows: Window Treatments
Basement: Daylight,Full,Walk-Out Access
Has fireplace: No

Interior area

Total structure area: 1,731
Total interior livable area: 3,576 sqft
Finished area below ground: 1,845

Property

Parking

Total spaces: 1
Parking features: Garage Door Opener, Attached
Garage spaces: 1

Features

Stories: 1
Exterior features: Balcony
On waterfront: Yes
Waterfront features: Lake
Body of water: Palmer Lake

Lot

Size: 0.34 Acres
Dimensions: 96 x 141 x 90 x 165 irregular

Details

Parcel number: 00209001200
Zoning description: Residential

Construction

Type & style

Home type: SingleFamily
Architectural style: Craftsman,Ranch
Property subtype: Single Family Residence

Materials

Stone, Vinyl Siding
Roof: Asphalt,Shingle

Condition

New construction: No
Year built: 1930

Utilities & green energy

Sewer: Septic Tank
Water: Well
Utilities for property: Natural Gas Available, Natural Gas Connected

Community & HOA

Location

Region: Colon

Financial & listing details

Price per square foot: $136/sqft
Tax assessed value: $140,797
Annual tax amount: $6,667
Date on market: 7/15/2026
Listing terms: Cash,FHA,VA Loan,USDA Loan,MSHDA,Conventional
Road surface type: Paved

Estimated market value

$465,700

$442,000 - $489,000

$2,832/mo

Price history

Date	Event	Price
8/13/2026	Price change	$485,000-3%$136/sqft
Source: MichRIC #26036206 Report a problem
7/15/2026	Listed for sale	$500,000+127.3%$140/sqft
Source: MichRIC #26036206 Report a problem
11/6/2009	Sold	$220,000$62/sqft
Source: Public Record Report a problem
4/14/2009	Sold	$220,000$62/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$6,486 +4.9%	$220,900 +8%
2024	$6,180 +4.5%	$204,600 +17.3%
2023	$5,916	$174,400 +14.9%
2022	--	$151,800 +4.5%
2021	$5,842	$145,300 -0.1%
2020	--	$145,400 +26.7%
2018	--	$114,800 -9.6%
2017	--	$127,000 -1.2%
2016	--	$128,600 +2.1%
2015	--	$125,900 +3.5%
2014	--	$121,700 -1.2%
2012	--	$123,200 +3.8%
2011	--	$118,700 -11.4%
2010	--	$134,000 -12.4%
2009	--	$152,900 +24.9%
2008	--	$122,400 +5%
2007	--	$116,600 +55.9%
2006	--	$74,800 -3.1%
2005	--	$77,200 +10.4%
2004	--	$69,900 +5.7%
2003	--	$66,100