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$1,125,000 Just Listed
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Property Description
Exceptional investment opportunity featuring seven beautifully constructed cabins situated on approximately one acre across two parcels, including 5354 and 5358 Paw Paw Lake Road, 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. The property is a proven income producer, operating as short-term rentals during the summer season and transitioning to longer-term rentals throughout the off-season, generating approximately $150,000 in annual gross rental income. This is a stabilized asset with an established rental history and excellent performance. The quality of construction is immediately apparent throughout the property. The craftsmanship is exceptional, with no corners cut during construction or subsequent improvements. The current owners have continually invested in the property, updating heating and cooling systems, paving the driveway, and renovating the seventh cabin into a dedicated office and laundry center. Whether you're seeking a turnkey investment with strong, consistent cash flow or envision creating a private family compound just steps from Paw Paw Lake, this unique property offers outstanding versatility, quality, and long-term value in one of Southwest Michigan's most desirable lake communities.
Full Property Details
Full Property Details for 5358 Paw Paw Lake Rd
General
- Price: $1,125,000
- Taxes: $8,023
- Status: Active
- Type: Business
- Source: SWMRIC_MLS
- MLS ID: 26036891
- Updated: Today (7/17/2026)
- Added to Site: Today
Business
- Business Type: Other
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Location
- County: Berrien
- Cross Streets: Johnson
- Driving Directions: om I-94, take Exit 39 and head north through Coloma, continue on Paw Paw Lake Road for about 3 miles, and 5358 Paw Paw Lake Road will be on your left near Paw Paw Lake.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Space Heater
Utilities
- Water: Well
- Well: Yes
- Utility Description: Natural Gas Available, Electricity Available, Natural Gas Connected, Electricity Connected
Structural Information
- # Buildings: 7
- Construction: Other
- Roof: Metal
- Stories/Levels: 2508
- Square Feet: 3,460
- Year Built: 1935
Lot Features
- Lot Size (Acres): 1
- Lot Size (Sq. Ft.): 22,534
- Lot Dimensions: 120 x 180 and back lot 120 x 180
- Frontage: Paved
Water Features
- Water Front Desc.: Lake
- Lake Front: Yes
Financial Considerations
- Tax Amount: $8,023
- Terms: Conventional, Cash
Disclosures and Reports
- Ownership: LLC
- Legal Description: LOTS 35 38 & 39 & THE ELY 1/2 OF VAC MAY ST LYING WLY OF SD LOTS PLEASANT VIEW
- Property ID: 11-08-6200-0035-01-4
Listed by Ellsbury Group, Lane Moser
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Schools
Schools serving 5358 Paw Paw Lake Rd
School District:Coloma Community Schools
| Name | Grades | Distance |
|---|---|---|
Coloma Elementary School 262 West Street, Coloma, MI 49038 | PK-3 | 1.8 mi |
Coloma Middle School 274 South West Street, Coloma, MI 49038 | 4-5 | 2.1 mi |
Coloma Junior High School 302 West Street Joseph Street, Coloma, MI 49038 | 6-8 | 2.6 mi |
Coloma High School 300 West Street Joseph Street, Coloma, MI 49038 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 5358 Paw Paw Lake Rd
Date
Details
Price
Change
Source
7/17/2026
Listed
$1,125,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 5358 Paw Paw Lake Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,872
3%
$169,800
3%
2024
$6,692
9%
$164,300
-1%
2023
$6,129
-13%
$165,300
15%
2022
$7,073
-17%
$144,100
11%
2021
$8,550
158%
$130,000
6%
2020
$3,309
20%
$122,700
78%
2019
$2,759
2%
$69,100
30%
2018
$2,696
13%
$53,100
—
2017
$2,388
1%
$53,100
-1%
2016
$2,357
—
$53,600
—
2015
$2,349
—
$53,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 5358 Paw Paw Lake Rd
5358 Paw Paw Lake Road, Coloma, MI 49038 (MLS# 26036891) is a Business property. 5358 Paw Paw Lake Road is currently listed for $1,125,000 and was received on July 17, 2026. Want to learn more about 5358 Paw Paw Lake Road? Do you have questions about finding other Business real estate for sale in Coloma? You can browse all Coloma real estate or contact a Coldwell Banker agent to request more information.

