www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33412505
33412518

127 Oneida Drive, Houghton Lake, MI 48629

Berkshire Hathaway HomeServices Michigan Real Estate Traverse City
Listed by Berkshire Hathaway HomeServices Michigan Real Estate Traverse City
$1,500,000
12 days on market
Updated 9 days ago

Houghton Lake Cabin Resort COMING SOON!!!

Details
Property Type Multifamily, Hospitality
Square Footage 7,000
Units 9
Cap Rate 10.00%
Class A
Acreage 1.400
Sale Condition N/A

Best Waterfront Resort in the State

Marketing description

A Rare Northern Michigan Waterfront Lifestyle & Business Opportunity

Imagine waking up each morning to panoramic views of Michigan's largest inland lake, watching the sun sparkle across hundreds of feet of sandy shoreline, and enjoying the satisfaction of owning a thriving waterfront hospitality property with a loyal customer base built over generations.

Set on nearly 1.5 acres of beautifully maintained, park-like grounds with approximately 320 feet of prime sandy frontage on Houghton Lake, this exceptional property offers a rare combination of lifestyle, income, and long-term investment potential. Opportunities of this caliber seldom become available.

The property features eight classic 2-bedroom log cabins, four of which include loft sleeping areas, creating attractive accommodations for families, fishing groups, and vacationers seeking an authentic Northern Michigan experience. In addition, a spacious 1,200+ square foot waterfront home offers three bedrooms, 1.5 baths, and some of the finest views on the property. Whether utilized as an owner's residence or converted into additional rental accommodations, the home represents both a lifestyle enhancement and a significant income opportunity.

The waterfront home is perfectly positioned to capture breathtaking lake views from multiple rooms, including a stunning sunroom where guests or owners can relax while overlooking the lake, sandy beach, docks, and grounds. The combination of mature trees, open green space, and expansive water views creates a setting that is truly difficult to duplicate anywhere in Michigan.

The business enjoys a long-standing reputation for repeat clientele, family reunions, fishing groups, and returning seasonal guests. The property is traditionally fully occupied throughout June, July, and August, while also generating strong spring and fall rental activity. For an owner wishing to maximize income, the cabins can also accommodate winter guests, taking advantage of Houghton Lake's popularity for ice fishing, snowmobiling, winter festivals, and outdoor recreation.

Guests enjoy an extensive list of amenities including:

    • Approximately 320 feet of sandy lake frontage
    • Private docks and direct boating access
    • Shuffleboard courts
    • Game room
    • Laundry facilities
    • Fish cleaning room
    • Large open lawn and gathering areas
    • Wi-Fi and cable television
    • Heated cabins for extended-season use
    • Excellent swimming, boating, and fishing opportunities

Recent improvements include newer roofs on both the cabins and the waterfront home, helping reduce future capital expenditures. Municipal sewer service provides additional convenience and reliability for ownership and operation.

The offering also includes an additional lot across the street featuring a 30' x 40' pole barn, providing valuable storage for equipment, boats, maintenance supplies, or future operational needs.

Being offered as a turnkey operation, the sale includes furnishings, equipment, business assets, and operational components necessary to continue serving guests from day one. The waterfront home is also partially furnished.

Location is another significant advantage. Houghton Lake remains one of Michigan's most recognized recreational destinations, attracting visitors from throughout the Midwest. The property offers convenient access to I-75 while being surrounded by Northern Michigan's endless outdoor activities, including boating, fishing, golfing, snowmobiling, ORV trails, hunting, hiking, state forests, and year-round recreation.

Whether your goal is to own a profitable waterfront business, create a family legacy property, or combine Northern Michigan lakefront living with a rewarding income stream, this is a truly unique opportunity. Properties with this combination of sandy frontage, classic log cabins, established rental history, waterfront owner's home, and prime Houghton Lake location rarely come to market.

.Showings by appointment only. Please do not contact guests or staff regarding the property.

Investment highlights

Please include any contact information when replying from Crexi, as it typically does not come through the system

Listing Contacts

Berkshire Hathaway HomeServices Michigan Real Estate Traverse City
Listed by Berkshire Hathaway HomeServices Michigan Real Estate Traverse City

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Map

Zoning

Intelligence Badge
R-1A ResidentialSingle FamilyLakeside Residential
View municipality zoning documents
Upgrade to see the zone description and what's allowed on this property
Upgrade to search and view land use codes
View all 94 uses
View all 94 uses
Last updated May 6, 2026 For deeper zoning details, reports are available at Zoneomics

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591