Tucked along the peaceful channel of Paw Paw Lake, this 5-bedroom, 3.5-bath home offers the perfect blend of lifestyle and investment. With 2,400 square feet of thoughtfully designed living space, this home is currently operating as a successful short-term rental with nearly $80,000 in revenue for 2024—providing a rare opportunity to own a lake-access home that pays for itself. Enjoy vaulted ceilings, warm wood finishes, two cozy fireplaces, an enclosed 3-season room, and a large deck overlooking your private canal frontage just steps from the main lake. One of the main-level bedrooms does not include a closet, making it ideal as a guest suite, office, or flex space to suit your needs. Whether you're looking for a second home to enjoy with friends and family or an income-generating vacation rental, this property delivers both. Use it when you want, rent it when you don't. With a proven rental history, desirable lake access, and updated amenities, this home is truly an investment you can enjoy.
Single-familyProperty Type
1985Year Built
0.25 acresLot Size
$365Est. Price/Sq.Ft.
2 car garageParking
Listed by Lane Moser• Ellsbury Group
Bought with bryon farmer Farmer• Coldwell Banker Anchor R.E.
Tucked along the peaceful channel of Paw Paw Lake, this 5-bedroom, 3.5-bath home offers the perfect blend of lifestyle and investment. With 2,400 square feet of thoughtfully designed living space, this home is currently operating as a successful short-term rental with nearly $80,000 in revenue for 2024--providing a rare opportunity to own a lake-access home that pays for itself. Enjoy vaulted ceilings, warm wood finishes, two cozy fireplaces, an enclosed 3-season room, and a large deck overlooking your private canal frontage just steps from the main lake. One of the main-level bedrooms does not include a closet, making it ideal as a guest suite, office, or flex space to suit your needs.
REALCOMP #69025016903
Jun 20, 2025
Sold
$749,000
$308/sq ft
Apr 28, 2025
Pending
—
Apr 22, 2025
Listed
$749,000
$308/sq ft
Tucked along the peaceful channel of Paw Paw Lake, this 5-bedroom, 3.5-bath home offers the perfect blend of lifestyle and investment. With 2,400 square feet of thoughtfully designed living space, this home is currently operating as a successful short-term rental with nearly $80,000 in revenue for 2024--providing a rare opportunity to own a lake-access home that pays for itself. Enjoy vaulted ceilings, warm wood finishes, two cozy fireplaces, an enclosed 3-season room, and a large deck overlooking your private canal frontage just steps from the main lake. One of the main-level bedrooms does not include a closet, making it ideal as a guest suite, office, or flex space to suit your needs. Whether you're looking for a second home to enjoy with friends and family or an income-generating vacation rental, this property delivers both. Use it when you want, rent it when you don't. With a proven rental history, desirable lake access, and updated amenities, this home is truly an investment you can enjoy.
Greater Lansing AoR #70436782
Mar 14, 2025
Listing Removed
—
Nov 18, 2024
Listing Removed
—
Oct 15, 2024
Listed
$799,000
$328/sq ft
REALCOMP #69024054332
Nov 18, 2024
Listing Removed
—
Oct 15, 2024
Listed
$799,000
$328/sq ft
Greater Lansing AoR #70421772
Oct 9, 2024
Listing Removed
—
REALCOMP #69024039324
Oct 9, 2024
Listing Removed
—
Sep 13, 2024
Price Changed
$825,000
$339/sq ft
Jul 30, 2024
Listed
$849,000
$349/sq ft
SW Michigan MLS #19041247
Jul 29, 2021
Sold
$625,000
$257/sq ft
Jun 15, 2021
Contingent
—
May 26, 2021
Price Changed
$650,000
$267/sq ft
Jan 25, 2021
Price Changed
$670,000
$275/sq ft
Jun 26, 2020
Price Changed
$675,000
$277/sq ft
Aug 23, 2019
Listed
$699,000
$287/sq ft
Greater Lansing AoR #70076985
Jul 29, 2021
Sold
$625,000
$257/sq ft
Aug 23, 2019
Listed
$650,000
$267/sq ft
REALCOMP #69019041247
Jul 29, 2021
Sold
$625,000
$257/sq ft
Jun 15, 2021
Contingent
—
May 26, 2021
Price Changed
$650,000
$267/sq ft
Jan 25, 2021
Price Changed
$670,000
$275/sq ft
Aug 23, 2019
Listed
$675,000
$277/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$17,488 (+2.6%)
2024
$17,042 (+9.1%)
2023
$15,619 (+3.1%)
2022
$15,146 (+90.6%)
2021
$7,945 (−0.8%)
2020
$8,010
Tax history for 6981 Wil-o-paw Rd
Year
Property tax
Land + Additions
Assessment*
2025
$17,488 (+2.6%)
2024
$17,042 (+9.1%)
2023
$15,619 (+3.1%)
2022
$15,146 (+90.6%)
2021
$7,945 (−0.8%)
2020
$8,010
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.