1191 Parkway Waterford Twp, MI 48328

HOT HOT! ATTENTION MARINA OWNERS, MULTI- OR SINGLE-FAMILY
RESIDENTIAL DEVELOPERS. Don’t miss this exceptionally rare opportunity to own an enormous, coveted property on Cass Lake - - one of Oakland County, Michigan’s premier All-Sports Lakes. This property is unique in that there is a significant amount of lake frontage relative to the total area. Never-before offered, 3-generation-owned estate lakefront property is in a prime location with approx. 500 ft of direct water frontage, 15.45 acres (incl. riparian areas) (approx. 6.65 upland acres), and a stunning, panoramic sunrise view on serene Coles Bay. This rare gem will transport you to times past having a 1,344 sq ft (appraisal) house and a 750 sq ft “clubhouse” circa 1940-50s. Enhancements include a boat ramp; sandy beach; shallow swim area; 250 ft of new (2021) seawall and 4 paved parking spaces. It has been leased for the past 60+ years to a family-owned and operated marina with approx. 60 slips. (Seller has lease termination rights.) Currently zoned CR: Commercial Recreation but under township’s Master Plan, the option is available for single family use. The number of remaining subdivision development parcels similar to this parcel in terms of size and water frontage is exceedingly small within the relevant market area. Alternatively, the scarcity of overall docking space on Cass Lake makes this property particularly attractive for continued marina use. Combine this parcel with 90 ft of direct water frontage on Seller’s SECOND simultaneously-listed adjacent parcel to the south, and this assembled landholding has the potential of becoming the crown jewel of Cass Lake.
Additionally, Seller is also offering a THIRD nearby partially-developable 9.76-acre parcel with 185 ft water frontage. The multi-land use possibilities are limited only by your imagination! ANTICIPATED MULTI-OFFER situation. Pre-approval or Proof of Funds required with offer to be considered. (See MLS #s 20250023842 and 20250023839.) BATVAI.