Robert Bailey, IV
BEDS7
BATHS4 full
SQUARE FEET3,169
MLS#201839794
STATUSActive
PROPERTY TYPEResidential -
SUBDIVISIONT30N R3W
SCHOOLGaylord
Property Description
Endless possibilities for this unique, multifamily property on Otsego Lake! 4 cottages with excellent short- and long-term rental history, 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. Schedule showings through MLS# 201839826.
Property Features
Property Type: Residential -
Garage: 2
Heating: Forced Air, Natural Gas
Lot Size: 2.40 Acres
Amenities
Vaulted Ceiling(s)
Wood Laminate
Doorwall
Vaulted Ceilings
Wood Laminate
Doorwall
Cable TV
Deck
Sprinkler System
Feature Descriptions
Appliances: Dishwasher, Microwave, Refrigerator, Range/Oven
Body of Water: Otsego Lake
Date active: 2026-05-04
Days on Site: 28
Exterior: Vinyl
Financing Available: Cash, Conventional Mortgage
Foundation: Crawl
Frontage Type: All-Sport
Heating Y/N: Yes
Laundry: None
Lot Dimensions: 2.4 acres
Parcel Number: 010-020-400-100-00
Road Surface: Paved, Maintained
Sewer: Septic Tank
SQFT Above Grade: 3169
Water: Well
Room Sizes
Bathroom 1: 8.11 X 5 Level - 1st
Bathroom 2: 8.11 X 5 Level - 1st
Bathroom 3: 13 X 5.1 Level - 1st
Bathroom 4: 5 X 7 Level - 1st
Bedroom 2: 10.1 X 8.11 Level - 1st
Bedroom 3: 13.8 X 8.8 Level - 1st
Dining Room: Combo Level - 1st
Kitchen: 11.9 X 11.11 Level - 1st
Living Room: 17.7 X 13.7 Level - 1st
Other Room 1: 8.2 X 6 Level - 1st
Other Room 2: 8.2 X 6 Level - 1st
Local Schools
High School: Gaylord
Elementary School: Gaylord
School District: Gaylord
Listed By / Shown By
Listed By
Agency Name: smith realty GROUP
Agency Phone: 989-732-2477
Shown By
Agent Name: Robert Bailey, IV
Agent Phone: (419) 343-7367
Agency Title: Key Realty
Estimate Your Payment
Estimated Payment
$ 5,267.42 per month $5,006.38 Principal & Interest $0.00 Property Tax (data not provided by mls) $261.04 Homeowner's InsuranceChange Payment Information
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3551 W Otsego Lake Drive | MLS# 201839794
This home located at 3551 W Otsego Lake Drive, Gaylord, MI 49735 is currently listed for sale with an asking price of $895,000. This property has 7 bedrooms and 4 full baths with 3169 sq. ft. W Otsego Lake Drive is located in the T30N R3W subdivision within the Gaylord school district. Search T30N R3W real estate on robertbailey.ikeyrealty.com today.