6727 Sherman Street
Otter Lake, MI, 48464 $ 1,600,000
Baths0.0 Monthly Estimate*
$ 9,851
Studio for $1,600,000. The lot size is 45.45.
45.45 Acres of Prime Waterfront Land on Three Lakes! 6727 Sherman Drive, Otter Lake, MI A truly rare opportunity to own one of the most unique waterfront properties in Michigan! This spectacular 45.45 acre parcel is surrounded by the natural beauty of Otter Lake, Powder Horn Lake, and Mud Lake, featuring mature hardwood forests, incredible wildlife, breathtaking water views, and endless possibilities. This property offers flexibility for developers, investors, builders, or those seeking a private waterfront retreat. Purchase the entire 45.45 acre property to preserve it as your own private lake front sanctuary or choose one of the proposed 6 waterfront parcels. Property Highlights: - 45.45 Acres of Waterfront Land - Surrounded by Otter Lake, Powder Horn Lake & Mud Lake - Otter Lake an All Sports Lake - Powder Horn a No Motor Lake - Mud Lake a No Motor Lake - Mature Hardwood Trees & Scenic Natural Beauty - Incredible Development Potential - Private Waterfront Estate Opportunity - Excellent Fishing, Boating, Kayaking, Water Skiing & Recreation - Owner Proposed 6 individual waterfront parcels - Municipal sanitary sewer onsite - Private Seller Financing Available Whether you're a developer, investor, or buyer seeking a private waterfront retreat, this exceptional property offers endless possibilities. Enjoy access to all-sports Otter Lake for boating, water skiing, fishing, and recreation, along with the peaceful beauty of Powder Horn Lake and Mud Lake. Purchase the entire 45.45 acres or one of the proposed water front parcels. Private seller financing available. Opportunities like this are rare! Listing includes the below additional parcels: 09-01-200-015 (Winter tax: $78.69, Summer Tax: $162.51, SEV: $14,200) 047-636-001-00 (Winter Tax: $1,517.54, Summer Tax:$440.90, SEV: $45,600).
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FeaturesGeneralSewer PublicSewer
Possession AtClose
Garage Spaces 0.0
Property Subtype UnimprovedLand
Current Use Unimproved
Waterfront Features AllSportsLake LakeFront NoMotorLake Waterfront
County Lapeer
New Construction N
Property Type Land
HOA N
Attached Garage N
Garage Y/N N
Status Active
Directions From M-24 (Lapeer Rd) west on Otter Lake Rd to Sherman St. Property located at the end of Sherman St.
City MarathonTownship_Lapeer
Body of Water Otter Lake Mud Lake and Powder Horn Lake
Disclosures SurveyAvailable
Senior Community Y/N N
High School District Lakeville
Zoning Description MultiFamily
MLS Area Area09041MarathonTwp
Lot Size Units Acres
Carport Y/N N
Land Lease Y/N N
Tax Annual Amount 7142.96
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
Standard Status Active
Tax Assessed Value 145000
Expected Active Date 2026-06-19
Legal Description SEC 6 T9N R9E NW 1/4 OF SE FRL 1/4 EX BEG AT SE COR TH N 575.92 FT TO SHORE OF MUD LAKE TH N 57 DEG 39' 37 W 261.08 FT ALONG SAID SHORE TH S 717.39 FT TH E 216 FT TO P.O.B. ALSO THE WEST PORTION
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ExteriorWater Source Other
Spa N
Lot Dimensions Irregular
Lot Size Acres 45.45
Waterfront Y/N Y
Road Frontage Type Paved
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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InteriorBasement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
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* Excluded FeaturesList ByWhitney WilliamsListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $9,851
- Monthly Property Taxes
- $595
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% 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 NearbyLots and land listings in Otter Lake, MI
Average List Price $247,825
Percent of Sale Price 85%
About Otter Lake, MI 425 Population
-2% Since 2002
$ 60,661 Median Income
42.68 Median Age
21% Households with Children
Trends Information provided by ATTOM Data Solutions.
848408 Elementary School
848395 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 6/19/2026 | $1,600,000 | | Listed Price |