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Jim Blehm

Team Owner, Realtor® | The Blehm Group | Keller Williams

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4020 Round Lake Hwy , Manitou Beach, MI 49253
$1,750,000
Est. Payment: $3,888.89/mo
0 Bed
0 Bath
0 Sqft
Status: Active | Days on site: 1
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House Description

Devils Lake anchors the Irish Hills, one of southeast Michigan's most established lake recreation corridors. ±1,330-acre, all-sports lake, 45 minutes from Ann Arbor & 20 minutes from Tecumseh via US-12. The offering is a ±8.1-acre lakefront site in Manitou Beach, the lake's commercial hub, w/an option to assemble an additional ±0.9 acres for a total of ±9 acres. The site is offered as-is, supported by a preliminary concept layout & a professional aerial film, in a shoreline market defined by predominantly private residential ownership & very limited developable inventory. Build your own private waterfront estate, compound or develop the site for multiple homes. The parcel is a scalable canvas suited to a high-end lakefront program: concepts range from 11 single-family waterfront home sites to a 30-unit luxury condominium community, w/residential-marina & boardwalk frontage among the design possibilities & the adjoining assembly positioned for a resident clubhouse amenity. Concept Rendering #1: 11 homes + boardwalk marina, home sites around a shared boardwalk & marina basin - the raised-walkway approach the township has favored; Concept Rendering #2: 11 homes, dredged to waterfront, dredge so each of the 11 lot fronts water w/a private dock-canal-style waterfront homes; Concept Rendering #3: lg condominium community, dredge a central marina basin for a larger condominium community - the maximum-density upside. Market data shows new construction waterfront listings on Devils Lake & surrounding lakes have a median SOLD price of $1.2M. Demand is driven by 2nd home & day-trip buyers from Ann Arbor, Toledo, & Jackson, & reinforced by the surrounding amenity base — more than 50 lakes within a 15-mile radius, state parks & hiking trails, wineries, marinas, & the Manitou Beach commercial district itself. For a developer building luxury lakefront product in the Great Lakes region, this is a ground-floor position on one of the last assemblage waterfront parcels of scale on Devils Lake. manitoubeachmichigan.com | manitoubeachmichigan.com/wineries | irishhills.com/irish-hills-recreation/ Concept renderings & video are illustrative only; dredging, marina, & density are subject to feasibility & EGLE / Woodstock Twp approval pursued by the buyer. *Conservation-easement benefits require a qualified appraisal & each party's own tax & legal advisors. Information deemed reliable but not guaranteed. Do NOT walk the property without contacting the Listing Agent first!!

Highlights

Listed by Charles Koenn , 734-926-0230 Swisher Commercial , 734-663-0501.

Property Type

Vacant Land

Lot/Acreage
8.1

County

Lenawee

School District

Addison

Listing ID

26043589

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Water:Well

Exterior Features

Lot:Buildable,Wetland Area,Lake,Waterfront
Sewer:Public Sewer
Principal Interest
$3,889
Taxes
$1,740

Home Price

$1,750,000

Loan Details

30 yrs
%

Down Payment

20%
$350,000
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Monthly Price:
$3,888.89

Principal

Taxes

Principal Taxes HOA Total
Monthly $3,888.89 $1,740.16 $0.00 $5,629.05
Yearly $46,666.67 $20,881.91 $0.00 $67,548.58
Total $1,400,000.00 $626,457.30 $0.00 $2,026,457.30

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Manitou Beach, MI).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.