#25023073, Michael Bingaman, Daniel Graffenius, Listing office: Century 21 Affiliated
$699,000 List price
5505 Lakewood Dr Coloma, MI 49038
4 beds
2 full, 1 partial
2,306 sqft
0.1 acres
$303 / sqft
House
Property details
About 5505 Lakewood Dr
Lakefront on Paw Paw! This 4-bed, 2.5-bath home sits on 40 feet of direct frontage on one of Southwest Michigan's most desirable all-sports lakes. With 1,566 sq ft above grade and another 783 sq ft in the basement, there's plenty of space and tons of potential. The main living area opens up to incredible lake views and walks right out to a large back deck just steps from the water and your private dock. The setting is what really makes this place — quiet mornings on the deck, afternoons out on the boat, and sunsets with friends. It's exactly the kind of lifestyle people think of when they picture Paw Paw Lake. The house is solid and totally usable as-is, but it's also a blank slate for someone looking to update it and make it their own. Whether you're after a high-end summer spot, a short-term rental play, or a long-term family lake house you're starting with great bones and a prime lot. These don't hit the market often.
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingCentral Air
Size2,306 sqft
BasementYes
Lot size0.14 Acres
Year built1920
ParkingDetached
MLS #25028354
Garage2 spaces
WaterfrontLake Front
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Dryer, Oven, Refrigerator, Washer
- Basement: Yes
- Total Bedroom Count: 4
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Detached
- Waterfront: Lake Front
- Architectural Style: Mid-Century Modern
- Heating: Forced Air
- Cooling: Central Air
- List Price: $699,000
- Price/SqFt: $303
- Annual Tax Amount: $9,435
- Tax Year: 2024
- Directions: From I-94, take exit 39 toward Coloma. Head north on N Paw Paw St, then turn left onto Paw Paw Lake Rd. Follow for approx. 2.5 miles, then turn right onto Lakewood Dr. Property will be on the left side near the water
- Year Built: 1920
- Stories: 2
- Living Area: 2,306 SqFt
- Lot Size: 0.14 Acres
- MLS Number: 25028354
- Office Name: Ellsbury Commercial Group
- Office Phone: (219) 200-5133
- Office Email: info@jasonstroudteam.com
- Listing Agent: Lane Moser
Disclaimer: Information deemed reliable, but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity Program of MichRIC, LLC. Real estate listings held by brokerage firms other than this broker are marked with the BR logo and detailed information includes the name of the listing broker. Copyright 2025 Grand Rapids Association of REALTORS® / Copyright © MichRIC, LLC. / MLS Exchange Inc. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 8/1/2025, 11:40:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 12, 2016 | Home Sold | $250,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $242,900 | $9,435 |
| 2023 | $207,100 | $9,152 |
| 2022 | $190,800 | $9,398 |
| 2021 | $186,500 | $9,529 |
| 2020 | $186,500 | $9,576 |
| 2019 | $181,700 | $9,435 |
| 2018 | $181,700 | $8,826 |
History based on county public records data.
Nearby schools
6
North Elementary School
Public District 3-5
1.0 mi
•287 W Baldwin Ave
2
Coloma Intermediate School
Public District 4-5
3.1 mi
•274A S West St
3
Coloma Elementary School
Public District PK-3
3.2 mi
•262 S West 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 $38,943. The most common annual income of people living in Coloma, MI is less than $<35k. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
45%
<35k
45%
35k-100k
10%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
41%
Single, No Kids
10%
Single, with Kids
33%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
14%
<11 yrs old
7%
12-17 yrs old
18%
18-34 yrs old
44%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Figure Skating
NASCAR
Pro Wrestling
Where do the neighbors shop?
Kmart
Dollar General
Wal-Mart
Where do the neighbors go to eat?
Bob Evans
Cracker Barrel
Sonic
What do the neighbors drive?
Buick
Ram
Oldsmobile
What do the neighbors listen to?
Oldies
Classic Country- Contemporary Inspirational
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5505 Lakewood Dr
The listing price of 5505 Lakewood Dr property is $699,000.
The property 5505 Lakewood Dr is a house located in Coloma, Michigan, 49038.
Active Listing: 5505 Lakewood Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5505 Lakewood Dr are: North Elementary School (GreatSchools Rating 6/10), Coloma Intermediate School (GreatSchools Rating 2/10), Coloma Elementary School (GreatSchools Rating 3/10), Watervliet Middle School (GreatSchools Rating 5/10), Coloma Junior High School (GreatSchools Rating 4/10), Hartford Middle School (GreatSchools Rating 2/10), Way Watervliet High School (GreatSchools Rating 1/10), Watervliet High School (GreatSchools Rating 8/10), Coloma High School (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $9,435 (source: MLS/based on county public records data).
The last sale was on October 12, 2016 for $250,000 (source: MLS/tax record).
The property at 5505 Lakewood Dr has 4 bedrooms and 2 full and 1 half bathrooms.
The property 5505 Lakewood Dr is 2,306 SqFt (source: MLS/tax record).
The year of construction for 5505 Lakewood Dr is 1920.
This home is located at 5505 Lakewood Dr in Coloma, MI and zip code 49038. This 2,306 square foot home, which was built in 1920, sits on a 0.14 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 13, 2025 and is currently priced at $699,000.
In June 2025, from all listings sold in Coloma, MI there were more than 2 sold above asking price, over 11 sold below and more than 2 were sold right at the asked price. The inventory of homes for sale in Coloma, MI between May and June 2025 increased by 15.9%. While the average time on the market in June 2025 was 49 days, the median list price was $265,000.
From Rocket Homes Real Estate and based on county public records data.