1935 Limberlost Lane, Gaylord
Listing Details
Open House: Saturday, October 4th, 10am–1pm Northern Michigan Waterfront Condo – Strong STR Performer This 4-bedroom, 2-bath condo on Martin Lake offers both a prime waterfront lifestyle and a proven rental history. The property has consistently delivered results, generating $50K+ in 2024, $47K+ in 2023, and is tracking $40K+ in 2025 despite a three-month offline period due to ice storm (Financials provided at request of owner). The condo comfortably sleeps 8, with negotiable furnishings and brand-new low-maintenance composite decking. The HOA's 307 feet of sandy frontage draws steady demand for swimming, kayaking, boating, and fishing, while year-round activities nearby—skiing, golf, wineries, and trails—support consistent occupancy. Conveniently located between Gaylord and Boyne Mountain with quick I-75 access, this unit benefits from four-season traffic and modern amenities including fiber-optic internet, modest HOA dues, and low utilities. Turnkey waterfront investment opportunities at this price point with such a strong rental track record are rare in Northern Michigan. Competitive 5-Star Rental & Property managment opportunity onsite. This condo is move-in ready and income-ready from day one.
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1935 Limberlost Lane
Gaylord MI, 49735
$205,000
- Bedrooms 4
- Bathrooms 2 (2/ 0H)
- Square Ft 1,005
- School District Gaylord
- County Otsego
- Water View Yes
- Lake/River Other
- Waterfront Ft 307
- Type Residential
- Year Build 1969
- Garage None
- Water Well
- roof Asphalt Shingle
- water heater Electric
- sewer Septic
- heat Electric Baseboard
- Features Cathedral Ceilings, Ceiling Fans, Deck
- Construction Wood Frame/ Site Built
- Basement Crawl
- Listing Courtesy of Jamie Woodall Real Estate
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