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5358 Paw Paw Lake Road
Coloma, MI 49038

$1,125,000 - Status: Active
Beds: 6
Baths: 6 full
SQFT: 2,508
MLS# 26038543

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 theyre 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 youre 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.

Property Features

MLS#: 26038543
Zip: 49038
Subdivision:
Development: Coloma Township
Property Type: Residential - Single Family
Basement: Slab
Cooling: Central Air, Ductless, Window Unit(s)
Days on Site: 2
Fireplaces: 7
Heating: Ductless, Heat Pump, Space Heater
Home Style: Cabin
Lot Size: 1.00 acres
Roof Type: Metal
Taxes: $8,023
Year Built: 1935

Feature Descriptions

Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Exterior: Vinyl Siding, Other
Fireplace Y/N: Yes
Flooring: Carpet, Tile, Wood
Interior: Ceiling Fan(s)
Lake Name: Paw Paw Lake
Laundry: Common Area, Main Level
Lot Dimensions: 120x180 and back lot 120x180
Parcel Number: 11-08-6200-0035-01-4
Patio/Porch: Covered, Deck, Porch(es)
Road Surface: Paved
Rooms Total: 7
Sewer: Public
Sub Type: Single Family Residence
Utilities: Natural Gas Connected
Water: Well
Waterfront: Lake

Local Schools

School District: Coloma

5358 Paw Paw Lake Road | MLS# 26038543

This single family home located at 5358 Paw Paw Lake Road, Coloma, MI 49038 is currently listed for sale with an asking price of $1,125,000. This property was built in 1935 and has 6 bedrooms and 6 full baths with 2508 sq. ft. Paw Paw Lake Road is located within the Coloma school district. Search Coloma real estate on www.coldwellbanker1stchoice.com today.

Listed By / Shown By

Listed By

Agency Name: Ellsbury Group
Agent Name: Lane Moser
Agency Phone: 219-200-5133

Shown By

Agency Title: Coldwell Banker 1st Choice
Agency Phone: (219) 324-2121

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 07/29/2026.

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