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Jim Blehm

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

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722 Lake St , Saugatuck, MI 49453
$1,075,000
Est. Payment: $5,535.71/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 52
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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Agent profile image
Jim Blehm
Team Owner, Realtor®

House 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 property's turnkey appeal. Whether you're 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.

Highlights

Listed by Marie Wiedenhoeft , 616-273-1519 HomeRealty, LLC , 616-935-9000. MichRIC

Property Type

Multi-Family

Lot/Acreage
0.25

Year Built

1935

County

Allegan

School District

Saugatuck-Douglas

Listing ID

26024016

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air,Window Unit(s)
Fireplaces:
Basement:Daylight,Full

Exterior Features

Lot:Level,Sidewalk,Wooded
Garage Capacity:6
Roof:Composition
Parking Features:Asphalt,Driveway,Gravel,Paved,Unpaved
Principal Interest
$5,536
Taxes
$880

Home Price

$1,075,000

Loan Details

30 yrs
6.676%

Down Payment

20%
$215,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$5,535.71

Principal

Taxes

Principal Taxes HOA Total
Monthly $5,535.71 $880.00 $0.00 $6,415.71
Yearly $66,428.48 $10,560.00 $0.00 $76,988.48
Total $1,992,854.36 $316,800.00 $0.00 $2,309,654.36
Lender profile image
Brian Belinger
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Saugatuck, 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.

Information provided by Southwestern Michigan Regional Information Center, LLC and is deemed reliable but not guaranteed accurate.

Data last updated: 2026-08-03T03:56:44.000Z

© 2026 MichRIC