3551 W Otsego Lake Dr Gaylord, MI 49735
Property details
About 3551 W Otsego Lake Dr
Possibilities abound for this unique, multifamily property on Otsego Lake. 4 cottages with excellent short- and long-term rental history, 150' of beautiful, sandy Otsego Lake frontage and 2.4 acres of prime property. Only a handful of lots this size still exist on Otsego Lake. Two cottages were built in 2015, Two renovated. Shared 20x20 garage for storage, private water system, newer pump-back septic system upgraded in 2015. The lot size gives you the option of adding additional cottages or a larger residence. There is also room for a large outbuilding, which could be divided for separate storage. Great return on investment as-is, or expand for even higher potential.
Highlights
Summary
- Full Bathrooms: 4
- Flooring Type: Hardwood
- Interior: Vaulted Ceiling(s), Doorwall, Wood Laminate
- Total Bedroom Count: 7
- Garage Space: 2 spaces
- Attached Garage: No
- Exterior: Cable TV, Deck, Shed, Sprinkler System
- Architectural Style: Cabin
- Heating: Central, Forced Air, Natural Gas
- List Price: $1,200,000
- Annual Tax Amount: $6,061
- Tax Year: 2023
- Directions: From Gaylord, S Otsego Ave, RIGHT on N Otsego Lake Rd, continue on W Otsego Lake Rd. Property on Left.
- Lot Size: 2.4 Acres
- MLS Number: 201831189
- MLS Name: Water Wonderland Board of REALTORS®
- Office Name: smith realty GROUP
- Office Phone: (989) 732-2477
- Office Email: ryan@smithrealtygaylord.com
- Listing Agent: Ryan Wojan, Michael Rosen
© 2025 Water Wonderland MLS, Inc © All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Water Wonderland MLS (WWLX). Real estate listings held by brokerage firms other than this broker are marked with the WWLX logo and the detailed information about said listing includes the listing office.The listings displayed come from various Water Wonderland Board of REALTORS® member offices who have chosen to participate in WWBR. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or Water Wonderland Board of REALTORS® shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless.
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Last updated on: 5/24/2025, 11:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$1,200,000
3551 W Otsego Lake Dr
$10,000
closing credit¹
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 21, 2021 | Home Sold | $320,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $345,400 | $6,061 |
| 2022 | $289,500 | $5,667 |
| 2021 | $263,700 | $6,014 |
| 2020 | $219,600 | $- |
| 2019 | $164,700 | $- |
| 2018 | $161,100 | $- |
| 2017 | $159,600 | $- |
History based on county public records data.
Nearby schools
4
South Maple Elementary School
Public District PK-3
3.3 mi
•650 E 5th St
5
North Ohio Elementary School
Public District PK-3
4.1 mi
•912 N Ohio Ave
5
Lewiston Elementary School
Public District KG-5
20.4 mi
•4580 Montmorency St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $60,054. The majority of Gaylord, MI residents have income between $35k-100k annually. The most common type of family is single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Hunting
NASCAR
Figure Skating
Where do the neighbors shop?
Wal-Mart
Bass Pro Shops
Dollar General
Where do the neighbors go to eat?
Hardee's
Applebees
Jimmy Johns
What do the neighbors drive?
Ram
GMC
Cadillac
What do the neighbors listen to?
Classic Country- Country
New Country
Frequently asked questions
About 3551 W Otsego Lake Dr
The listing price of 3551 W Otsego Lake Dr property is $1,200,000.
The property 3551 W Otsego Lake Dr is a house located in Gaylord, Michigan, 49735.
Active Listing: 3551 W Otsego Lake Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 3551 W Otsego Lake Dr are: South Maple Elementary School (GreatSchools Rating 4/10), North Ohio Elementary School (GreatSchools Rating 5/10), Lewiston Elementary School (GreatSchools Rating 5/10), Gaylord Intermediate School (GreatSchools Rating 5/10), Gaylord Middle School (GreatSchools Rating 4/10), Johannesburglewiston Elementarymiddle School (GreatSchools Rating 5/10), Gaylord High Schoolvoc Bldg (GreatSchools Rating 8/10), Vanderbilt Area School (GreatSchools Rating 5/10), Johannesburglewiston High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2023 is $6,061 (source: MLS/based on county public records data).
The last sale was on April 21, 2021 for $320,000 (source: MLS/tax record).
The property at 3551 W Otsego Lake Dr has 7 bedrooms and 4 bathrooms.
This home is located at 3551 W Otsego Lake Dr in Gaylord, MI and zip code 49735. Features: 7 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since August 15, 2024 and is currently priced at $1,200,000.
While more than 6 listings in Gaylord, MI in April 2025 were sold above asking price, there were more than 2 listings sold at asking price, and more than 5 were sold below. In April 2025 in Gaylord, MI there were 1.4% more homes for sale than in March. In April 2025 median list price was $285,333 and the average listing age was 1 days.