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For sale by owner
  • $1,100,000

    105 E Old State Rd, East Jordan, MI 49727

    4beds
    900sqft
    : 
    MultiFamily
    Built in 2025
    -- sqft lot
    $-- Zestimate®
    $1,222/sqft
    $-- HOA

    What's special

    Waterfront ownershipPrivate hot tubsRidge-top and waterfront landStudio-style layoutWalk-in showerKing-size bedElevated views
    RARE OPPORTUNITY to acquire a newly developed, high-performing tiny house resort in the heart of Northern Michigan. Situated on 30 acres of ridge-top and waterfront land in Antrim County, this boutique resort offers exceptional privacy, rare panoramic Jordan Valley views, and direct access to nature—while remaining within easy driving distance of Northern Michigan’s most desirable destinations, including TORCH LAKE & THE CHAIN OF LAKES, BELLAIRE, BOYNE CITY, CHARLEVOIX, ELK RAPIDS, THE JORDAN RIVER, PETOSKEY, GAYLORD & MORE. The property currently features 4 thoughtfully designed seasonal cabins currently operating April through October (with the option to operate year round) and room for additional structures and future expansion. Cokirs Creek—a tributary of the iconic Jordan River—winds through the property, creating a rare combination of waterfront ownership, elevated views, and natural seclusion. Located just one mile from the Jordan River, the property is a true paradise for anglers, paddlers, hikers and outdoor enthusiasts. Each cabin offers a studio-style layout with a king-size bed, kitchenette, A/C & Heat, walk-in shower and full bathroom. Cabins are spread across approximately one acre each, providing guests with privacy and a true “up north” experience. Private hot tubs and outdoor lounge area w/ smokeless fire pits at each cabin while a shared 8 person sauna with cold plunge delivers a luxury wellness experience with sweeping views over the Jordan Valley. Completed in Spring 2025, the resort is fully built out with brand-new infrastructure, professionally designed systems, and a management company already in place for seamless operations. The business holds a 4.9-star rating on Airbnb, includes a direct booking website, and conveys all intellectual property, including branding, social media accounts, and hosting profiles. Seasonal gross revenue is projected at ~$150,000 in at roughly 65% occupancy and currently operates a lean ~25% overhead, with anticipated annual growth of 5–10% through rate optimization, brand maturation, and increased direct bookings. Pricing reflects a current projected 10% cap rate based on stabilized operations, making this a compelling opportunity for investors seeking strong cash flow with minimal operational burden. Other Highlights Include: --Additional cleared building site suitable for a primary residence or rental unit --Expansion potential for additional cabins or amenities (subject to state approvals) -- ~5 hours per week of current owner involvement during the operating season Offered for sale for the 2026 season, allowing buyers ample transition time This is a rare chance to own a fully operational, scalable resort in one of Northern Michigan’s most scenic and sought-after landscapes—ideal for investors, lifestyle buyers, or those seeking diversified STR income with nearly hands-off management. Additional financials available upon request.
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    Listed by:

    Property Owner (616) 490-0669

    This property is for sale by owner and Zillow, Inc. is displaying it at the owner's request. It is not subject to a listing agreement with Zillow, Inc. or its affiliates.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 4
    • Full bathrooms: 4
    Interior area
    • Total interior livable area: 900 sqft

    Property

    Lot
    • Size: 30 Acres
    Details
    • Parcel number: 050903001000

    Construction

    Type & style
    • Home type: MultiFamily
    Condition
    • New construction: No
    • Year built: 2025

    Community & HOA

    Location
    • Region: East Jordan

    Financial & listing details

    • Price per square foot: $1,222/sqft
    • Tax assessed value: $85,400
    • Annual tax amount: $258
    • Date on market: 1/24/2026
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    Estimated market value

    Not available

    Estimated sales range

    Not available

    $1,683/mo

    Price history

    Price history
    DateEventPrice
    1/24/2026Listed for sale$1,100,000+816.7%$1,222/sqft
    Source: Owner Report a problem
    1/29/2024Sold$120,000+71.4%$133/sqft
    Source: Public Record Report a problem
    8/25/2021Sold$70,000$78/sqft
    Source: Public Record Report a problem

    Public tax history

    Public tax history
    Tax history is unavailable.

    Find assessor info on the county website

    BuyAbility℠ payment

    Est. payment
    $5,484/mo
    Principal & interest
    $4265
    Property taxes
    $834
    Home insurance
    $385

      Climate risks

      Neighborhood: 49727

      Nearby schools

      GreatSchools rating
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