5401 W Houghton Lake Drive
Houghton Lake, MI, 48629 $ 175,000
Bedrooms2 Baths1.0 Sq 1,392 Monthly Estimate*
$ 1,105
for $175,000 with 2 bedrooms and 1 full bath. This 1,392 square foot home was built in 1940 on a lot size of 0.48.
Lake views, proven rental history, and all the charm of a classic Houghton Lake cottage! Located directly across the street from Houghton Lake, this adorable 2-bedroom, 1-bath cottage offers lake views and a long history as a successful short-term rental. Even with a shortened rental season, the property grossed approximately $21,000 in 2026. Even better, this is a truly turnkey rental opportunity, being sold furnished and equipped, allowing the next owner to step in without the expense and hassle of furnishing a vacation rental from scratch. Whether you're looking for an investment property, personal getaway, or a combination of both, much of the work has already been done. The sellers have thoughtfully improved the property while preserving its original cottage character. Updates include new LVP flooring, new appliances, ceiling fan/light combinations, and beautifully restored original flooring in the mudroom. Major improvements completed in 2025 include new A/C, hot water heater,well pump, sump pump, and washer and dryer. There's also plenty of room for an RV, boat, trailer, or other Up North toys, plus an existing garage that may offer potential for conversion to additional living space or an accessory dwelling unit, subject to local zoning, permitting, and approval. Spend your mornings enjoying the lake view, your days on Houghton Lake, and your evenings relaxing at your own cozy retreat. With an established rental history, furnishings included, major improvements already completed, and room for all the toys, this one is ready to go from day one. Use it, rent it, or do a little of both!
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FeaturesInteriorInterior Amenities WindowTreatments
Basement Partial SumpPump
Flooring Vinyl
Basement (Y/N) Y
Air Conditioning Y/N Y
Heating Y/N Y
Window Features BayWindows
Fireplace Y/N N
Above Grade Finished Area 1392.0
Half Baths 0
Laundry Features LaundryRoom MainLevel
Total Bedrooms 2
Below Grade Finished Area Unit Type SquareFeet
Above Grade Finished Area Unit Type SquareFeet
Total Baths 1
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GeneralSewer PublicSewer
Heating ForcedAir NaturalGas
Cooling CeilingFans CentralAir
Utilities NaturalGasConnected
Possession CloseOfEscrow
Roof Metal
Appliances Dishwasher Dryer Microwave Oven Refrigerator Range Washer
Garage Spaces 1.0
Patio/Porch Features Porch
Architectural Style Craftsman
Security Features ClosedCircuitCameras
Construction Materials VinylSiding
Year Built 1940
Stories Count 1
Property Subtype SingleFamilyResidence
Tax Year 2025
Waterfront Features Lake
County Roscommon
New Construction N
Property Type Residential
HOA N
Attached Garage N
Garage Y/N Y
Total Rooms 7
Full Baths 1
Status Active
City RoscommonTownship_Roscommon
Body of Water Houghton Lake
Senior Community Y/N N
High School District HoughtonLake
MLS Area Area72101RoscommonTwp
Lot Size Units SquareFeet
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 620.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Building Area Units SquareFeet
Living Area Units SquareFeet
Standard Status Active
Tax Assessed Value 74600
Legal Description L-771 P-121 224 COM AT W1/4 COR SEC 13 TH S89DEG44'37
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ExteriorVegetation Shrubs
Fencing Privacy
Parking Features Detached GarageDoorOpener
Lot Features Level
Water Source Well
Lot Size Area 20909.0
Foundation Details PartialBasement
Spa N
Building Area Total 1792.0
Lot Dimensions IRR-see attached survey
Lot Size Acres 0.48
Road Surface Type Paved
Waterfront Y/N N
Crops Included Y/N N
Road Responsibility PublicMaintainedRoad
Horse Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList ByApril MoayyerListing Agent
Moayyer Real EstateBroker
Affordability Calculator
- Monthly Principal & Interest
- $1,105
- Monthly Property Taxes
- $52
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Houghton Lake, MI
Average List Price $296,755
Percent of Sale Price 70%
About Houghton Lake, MI 3,609 Population
-3% Since 2002
$ 32,200 Median Income
51.78 Median Age
17% Households with Children
Trends Information provided by ATTOM Data Solutions.
4909801 Elementary School
4909224 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 9/16/2026 | $175,000 | | Listed Price |