$15,000
↓ $5K (24.6%)
●
Land -
For Sale
61 Pamawa Drive
Brooklyn, MI 49230
Studio
0 Bath
$98
Est. Monthly
About This Property
One of two buildable lots between Round Lake Highway and Pamawa
Drive, that allow access to park area and boat launch on tranquil
Mercury Lake (which feeds into South Lake). Located in the heart of
the Irish Hills, this is a great opportunity to build your perfect
retreat in a fun lake-life neighborhood but still have room to
enjoy the beautiful setting. With Pickerell Lake just across the
road, the views are spectacular. Short jaunt to the quaint village
of Brooklyn or Manitou Beach, just down the road from Cherry Creek
Winery, and the adorable store, you can enjoy life in the country
with the convenience of being close to everything.
Unit Size
-
Days on Market
822 days
Land Size
0.38 acres
Price per sqft
-
Property Type
Land
Property Taxes
$24
HOA Dues
-
Year Built
-
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: 9 months ago (MichRIC MLS #24041258)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 25, 2026 | Price Decreased |
$15,000
↓ $5K
(24.6%) | |
| Price Decreased | |||
| Aug 22, 2025 | Price Decreased |
$19,900
↓ $5K
(20.1%) | |
| Price Decreased | |||
| Aug 8, 2024 | Listed by The Brokerage House | $24,900 | |
| Listed by The Brokerage House | |||
| Aug 1, 2024 | No longer available | - | |
| No longer available | |||
| Jan 10, 2024 | Listed by The Brokerage House | $29,900 | |
| Listed by The Brokerage House | |||
| | |||
|
One of 2 buildable lots located between Round Lake Highway and Pamawa Drive, that allow access to park area and boat launch on tranquil Mercury Lake (which feeds into South Lake). Located in the heart of the Irish Hills, this is a great opportunity to build your perfect retreat in a fun lake-life neighborhood but still have room to enjoy the beautiful setting. With Pickerell Lake just across the road, the views are spectacular. Short jaunt to the quaint Village of Brooklyn or Manitou Beach, just down the road from Cherry Creek Winery, and the adorable neighborhood store, you can enjoy life in the country with convenience of being close to everything.
| |||
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Property Highlights
Exterior Details
Waterfront Features: Lake Front
Waterbody Name: Mercury Lake
Lot Features: Level, Buildable
Lot Size Area: 0.38
Lot Size Units: Acres
Lot Size Acres: 0.38
Lot Size Square Feet: 16553
Lot Size Dimensions: 100x166x100x166
Financial Details
Tax Assessed Value: $10,936
Tax Annual Amount: $282
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Lenawee
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Listed by: JENIFER SCANLON, The Brokerage House
Last Updated: 9 months ago
Data Source: MichRIC, MLS# 24041258
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: 9 months ago
Data Source: MichRIC, MLS# 24041258
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017