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3551 W Otsego Lake Drive, Gaylord, MI 49735

Local realty services provided by:CENTURY 21 Northland
3551 W Otsego Lake Drive,Gaylord, MI 49735
$995,000
  • 7 Beds
  • 4 Baths
  • 3,169 sq. ft.
  • Single family
  • Active
Listed by: ryan wojan, michael rosen
Office: smith realty group
MLS#:201836503
Source:MI_WWBR

Price summary

  • Price:$995,000
  • Price per sq. ft.:$313.98

About this home

Possibilities abound for this unique, multifamily property on Otsego Lake. 4 cottages fully occupied with long term tenants, but month to month leases offer the opportunity to do short term rentals. 150' of beautiful, sandy Otsego Lake frontage and 2.4 acres of prime property. Only a handful of lots this size still exist on Otsego Lake. Two cottages were built in 2015, Two renovated. Shared 20x20 garage for storage, private water system, newer pump-back septic system upgraded in 2015. The lot size gives you the option of adding additional cottages or a larger residence. There is also room for a large outbuilding, which could be divided for separate storage. Great return on investment as-is, or expand for even higher potential.

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Home facts

  • Listing ID #:201836503
  • Added:168 day(s) ago
  • Updated:January 31, 2026 at 04:47 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Full bathrooms:4
  • Living area:3,169 sq. ft.

Heating and cooling

  • Heating:Central Air, Forced Air, Heating, Natural Gas

Structure and exterior

  • Building area:3,169 sq. ft.
  • Lot area:2.4 Acres

Finances and disclosures

  • Price:$995,000
  • Price per sq. ft.:$313.98
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Water Wonderland Mls, Inc. shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Water Wonderland MLS, Inc © 2026 All rights reserved

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