Paw Paw Lake Homes For Sale & Waterfront Real Estate

Paw Paw Lake MI Homes For Sale & Waterfront Real Estate

$1,125,000
6 Beds 6 Baths 2,508 SqFt. 26038543 MLS
Exceptional investment opportunity featuring seven beautifully constructed cabins situated on approximately one acre across two parcels, including 5354 and 5358 Paw Paw Lake Road, conveniently located just across the street from Paw Paw Lake. The property consists of three 2-bedroom, 1-bath cabins, three 1-bedroom, 1-bath cabins currently operating as rentals, and a seventh cabin that is being converted into an office and on-site laundry facility to streamline operations and provide added convenience for ownership. This property offers a rare combination of investment potential and personal enjoyment. Continue operating it as a proven income-producing rental property or create a private family compound where everyone has their own space while staying together. Owners can enjoy the property throughout the year and rent the cabins when they're not in use, making it an ideal opportunity for those looking to offset ownership costs while building long-term value. A proven income producer, the property operates as short-term rentals during the summer season and transitions to longer-term rentals throughout the off-season, generating approximately $150,000 in annual gross rental income. With an established rental history and consistent performance, this is a stabilized asset offering immediate cash flow and future upside. The quality of construction is immediately apparent throughout the property. Exceptional craftsmanship is evident in every cabin, with no corners cut during construction or subsequent improvements. Whether you're looking to expand your investment portfolio or own a one-of-a-kind property near Paw Paw Lake with flexible use and strong income potential, opportunities like this are few and far between.

5358 Paw Paw Lake Road, Coloma

Listing courtesy of Listing Agent: Lane Moser from Listing Office: Ellsbury Group.

$1,689,000
6 Beds 4 Baths 3,600 SqFt. 26022759 MLS
Experience exceptional lakefront living on Paw Paw Lake with 70 feet of pristine frontage on one of Southwestern Michigan's most desirable all-sports lakes. This quality-built custom home offers breathtaking views, expansive outdoor living spaces, and thoughtfully designed interiors across three spacious levels. The main level features an open-concept floor plan ideal for entertaining, with a welcoming living room, dining area, and chef's kitchen overlooking the lake. Interior highlights include beamed ceilings, wainscoting, hardwood floors, a fireplace with remote starter, wet bar, mud room with laundry, and a spacious bedroom with nearby half bath. The gourmet kitchen is appointed with custom white cabinetry, granite countertops, dual sinks, double ovens, built-in refrigerator, wine fridge, and filtered ice maker. Step outside to enjoy the large, covered porch, expansive deck, and permanent pier, all perfectly positioned to capture stunning lake views. OPEN HOUSE 6/27/2026 11-1PM The second level offers three additional bedrooms, including a luxurious primary suite, along with a family room, second laundry room, wet bar, and oversized deck overlooking the water. The third level provides even more space with two bedrooms, a second family room featuring a charming built-in window seat, and a full bath with walk-in shower. Heated attached garage, Whole-house generator (new outdoor Generac generator installed in 2023) Two sump pumps. Two hot water heaters replaced in 2024 Additional circulator pump added in 2024 Leaf Guard gutter protection system installed in 2025 New garbage disposal and kitchen faucet in 2025 Third-floor toilets were replaced in 2025 Fireplace cleaned and serviced in 2026 New decorative outdoor lighting around the lower deck in 2024. Located just two hours from Chicago, Paw Paw Lake offers endless recreation and charm, including local farm stands, restaurants, specialty shops, a lakeside gas dock, golf course gazebo, and waterfront dining. Paw Paw Lake Yacht Club also offers seasonal sailing lessons for both adults and children. Enjoy the absolute best of Michigan lake living, schedule your private tour today.

8568 Lake Avenue, Watervliet

Listing courtesy of Listing Agent: Patricia Hutchinson from Listing Office: Coldwell Banker Anchor R.E..

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Homes For Sale On Paw Paw Lake MI

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