33
Map
$765,000
●
House -
For Sale
4733 Shore Drive
Coloma, MI 49038
4 Beds
2 Baths
2,000 Ft²
$4,676
Est. Monthly
About This Property
This property offers spectacular waterfront living on SW Michigan's
premier 900-acre Paw Paw Lake! The spacious 2,000 square foot
4-bedroom, two bath retreat has two full kitchens, two living
areas, and a large family room currently used as a game room with
ping-pong, arcade games. The property is ideal for hosting up to 12
guests. Wake up to sparkling lake views from every bedroom, then
step outside to an expansive three-tier deck with multiple seating
and dining areas, gas grill, and a private hot tub overlooking the
water. Swim, fish, and relax just minutes from the beach towns of
St. Joseph and South Haven. Bring your boat. There is a dock
included and convenient access to the public boat launch. Your
ultimate Paw Paw Lake getaway or short-term rental opportunity
awaits! The property has been operated as a successful short-term
rental with Awning.com identifying the rental potential of over
100K/year.
Unit Size
2,000 Ft²
Days on Market
10 days
Land Size
0.16 acres
Price per sqft
$383
Property Type
House
Property Taxes
$919
HOA Dues
-
Year Built
1965
Listed By
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 7 days ago (MichRIC MLS #26057566)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 29, 2026 | Listed by Realty Executives Instant Equity | $765,000 | |
| Listed by Realty Executives Instant Equity | |||
| Oct 2, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Aug 1, 2026 | Price Decreased |
$779,000
↓ $20K
(2.5%) | |
| Price Decreased | |||
| Jul 9, 2026 | Listed by Realty Executives Instant Equity | $799,000 | |
| Listed by Realty Executives Instant Equity | |||
   | |||
|
This property offers spectacular waterfront living on SW Michigan's premier 900-acre Paw Paw Lake! The spacious 2,000 square foot 4-bedroom, two bath retreat has two full kitchens, two living areas, and a large family room currently used as a game room with ping-pong, arcade games. The property is ideal for hosting up to 12 guests. Wake up to sparkling lake views from every bedroom, then step outside to an expansive three-tier deck with multiple seating and dining areas, gas grill, and a private hot tub overlooking the water. Swim, fish, and relax just minutes from the beach towns of St. Joseph and South Haven. Bring your boat. There is a dock included and convenient access to the public boat launch. Your ultimate Paw Paw Lake getaway or short-term rental opportunity awaits! The property has been operated as a successful short-term rental with Awning.com identifying the rental potential of over 100K/year.
| |||
| Nov 21, 2022 | Sold | ||
| Sold | |||
Show More
Property Highlights
Air Conditioning
Interior Details
Full Bathrooms: 2
Interior Features: Ceiling Fan(s), Eat-in Kitchen, Broadband
Appliances: Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer, Water Softener Owned
Flooring Type: Laminate, Vinyl, Wood
Laundry Features: Laundry Room, Main Level, Sink, Washer Hookup
Rooms: 11
Basement: Daylight, Walk-Out Access
Exterior Details
Square Footage: 2000
Security Features: Smoke Detector(s)
Architectural Style: Mid-Century Modern
Year Built: 1965
Waterfront Features: Lake Front, Channel
Waterbody Name: Paw Paw Lake
Building Area Total: 2000
Other Structures: Shed(s)
Window Features: Low-Emissivity Windows, Screens, Bay/Bow
Construction Materials: Aluminum Siding, Brick
Patio and Porch Features: Deck
Lot Size Area: 0.16
Lot Size Units: Acres
Lot Size Acres: 0.16
Lot Size Square Feet: 6995
Lot Size Dimensions: 75x123x42x117
Water Source: Public
Financial Details
Tax Assessed Value: $226,794
Tax Annual Amount: $11,028
Utilities Details
Cooling Type: Central Air
Heating Type: Forced Air, Radiant
Sewer : Public Sewer
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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About Paw Paw Lake
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Listed by: Anthony F Clark, Realty Executives Instant Equity
Last Updated: 7 days ago
Data Source: MichRIC, MLS# 26057566
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 7 days ago
Data Source: MichRIC, MLS# 26057566
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