722 Lake Street, Saugatuck, MI 49453

$1,100,000
  • 722 Lake Street, Saugatuck, MI 49453 Main Photo

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New to the Market Active
BEDS0 BATHS MLS#26024016
STATUSActive PROPERTY TYPEMulti Unit - Multiple SCHOOLSaugatuck-Douglas

Property Description

An exceptional opportunity in the heart of Saugatuck, this meticulously maintained property offers the rare combination of charm, updates, and short-term rental potential. Situated just two blocks from downtown Saugatuck and conveniently located near Blue Star Highway for easy access without downtown traffic, this three-unit property is a highly desirable STR setup with projected annual rental income models estimating well into six figures.The main home features over 2,200 square feet of character-filled living space, blending craftsmanship with thoughtful updates throughout. The main floor offers a beautifully finished front sun porch, original hardwood floors, a high-end kitchen, two stunning full bathrooms, spacious primary bedroom with direct porch access, and an additional family room with attached full bath that could easily function as a luxurious primary suite. Upstairs, original flooring continues throughout two generous bedrooms An exceptional opportunity in the heart of Saugatuck, this meticulously maintained property offers the rare combination of historic charm, modern updates, and extraordinary short-term rental potential. Situated just two blocks from downtown Saugatuck and conveniently located near Blue Star Highway for easy access without downtown traffic, this three-unit property is a proven and highly desirable STR setup with projected annual rental income models estimating well into six figures.The main home features over 2,200 square feet of character-filled living space, blending timeless craftsmanship with thoughtful updates throughout. The main floor offers a beautifully finished front sun porch, original hardwood floors, a high-end kitchen, stunning full bathroom, spacious primary bedroom with direct porch access, and an additional family room with attached full bath that could easily function as a luxurious primary suite. Upstairs, original flooring continues throughout two generous bedrooms and a large loft area currently utilized as additional sleeping space. A sliding door opens to a private rooftop deck overlooking the rear of the property - the perfect retreat after a day in town or at the lake.The lower level includes an additional family room, laundry area with shower, and two oversized storage rooms, providing ample space for owners and guests alike.The renovated carriage house has been thoughtfully transformed into two separate rental units. The lower-level studio apartment features a bed, futon, refrigerator, microwave, and a beautifully finished full bathroom. The upper-level unit offers a private entrance, full kitchen, full bathroom, and sleeping accommodations for multiple guests, making it ideal for extended stays or premium STR income.Outside, a fully equipped storage shed is stocked with amenities and essentials for guests, further enhancing the propertys turnkey appeal. Whether youre seeking a high-performing investment property, a personal getaway with income potential, or a one-of-a-kind Saugatuck compound, this property delivers unmatched versatility, location, and earning potential.

722 Lake Street | MLS# 26024016

This multi-family property located at 722 Lake Street, Saugatuck, MI 49453 is currently listed for sale with an asking price of $1,100,000. Lake Street is located within the Saugatuck-Douglas school district. Search Saugatuck real estate on www.ikeyrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Cooling: Central Air, Window Unit(s)
Heating: Forced Air
Lot Size: 0.25 Acres
Roof Type: Composition
Taxes: $10,560
Year Built: 1935

Feature Descriptions

Days on Site: 2
Exterior: Aluminum Siding
Laundry: Gas Dryer Hookup, In Basement, Laundry Chute, Sink
Lot: Sidewalk, Wooded
Lot Dimensions: 53x205
Owner Pays: Trash Collection, Electricity, Water, Sewer, Gas
Parcel Number: 57-514-040-00
Parking: Asphalt, Driveway
Parking Total: 6
Road Surface: Paved
Sub Type: 2 to 4 Units
Tenant Pays: None
Units: 3
Utilities: Phone Available, Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Storm Sewer
Wooded: Yes

Local Schools

School District: Saugatuck-Douglas

Listed By / Shown By

Listed By

Agency Name: HomeRealty, LLC
Agent Name: Marie Wiedenhoeft
Agency Phone: 616-935-9000

Shown By

Agency Title: Key Realty
Agency Phone: 877-539-7589

IDX logoThe property comes from the Member MLS's of the Michigan Regional Information Center, LLC (MichRIC). Copyright 2026 Michigan Regional Information Center, LLC (MichRIC). All rights reserved. Information deemed reliable, but not guaranteed. Data Last Updated 05/24/2026.

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Estimated Payment

$ 7,353.92 per month $6,153.09 Principal & Interest $880.00 Property Tax $320.83 Homeowner's Insurance

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