MLS Public Remarks  The Dunes Waterfront Resort is a 74 unit waterfront hotel on the sandy shores of Silver Lake and the world famous Silver Lake Sand Dunes which border Lake Michigan to the West. Best known for the ORV and ATV riding Silver Lake is one of Michigan's most popular summer destinations. The Hotel is being offered turn key with a seasonal staff in place which can be managed by a semi-passive investor or professional management co. Historically the property has been a 5 month per year operation and supports a 10% cap rate at ask price. The property has been very well maintained including a new roof and siding. Additional land with storage facilities is located just across the street and included in this offering. of the 74 spacious guest rooms/suites; 45 are facing the water with private balconies and dramatic views of Silver Lake and the sand dunes. The top floor has a large indoor swimming pool, conference rooms, prep kitchen, game room/arcade. Some of this space could be converted to luxury suites or food and beverage operation with the best views the property has to offer. Adjacent to the lobby and front desk operations is a manager's office & apartment. One of the only resort properties operating in the area and the highest standards of accommodations in all of Silver lake has resulted in a high rate of repeat business, steadily increasing ADR and subsequent high cash flow. Interested parties are asked not to communicate with on-site staff and not to call the hotel directly. Financial and additional documentation is available upon request.

http://wendyschildgen.realestateone.com/1914843

AGENT/COMPANY DETAILS  

LOCATION  

Township  Golden Twp

Directions  The Dunes Waterfront Resort in Mears Michigan

HOUSE DESCRIPTION  

Fin Below Grd SqFt  0

Total Fin SqFt  63,000

Price/SqFt  $141

Current Use  Recreational/Resort

Unfinished SqFt  0

Above Grade Finished SqFt  0

CDOM  175

Sub Property Type  Hospitality

Year Built  1993

Days on Market  175

ASSESSMENT/SCHOOLS   

Land Assessment  -

Improvements  -

Acreage  2.29

Taxes  -

Tax Year  -

Summer Taxes  -

Winter Taxes  -

LOT DESCRIPTION  

Lower Level Square Footage  0

Waterview  Y

Waterfront  Y

For Lease/Rent  N

Est. Total Acres  2.29

Lot Dimensions  180X400X300X750X150

WaterFrontage   180

INTERIOR FEATURES  

Heating  Electric, Forced Air

Cooling  Electric, Forced Air

Water  Private Well

Zoning  Commercial, Motel/Hotel

Body of Water  Silver Lake

Heating  Electric, Forced Air

EXTERIOR FEATURES  

Garage  0.0

Basement details  Partial, Slab, Walkout

Sewer  Private Septic

Features  Additional Buildings, Elevator, Furniture/Fixtures, Phone System, Security System, Sprinkler System

Parking Desc  Common, Parking Lot, Paved

Exterior Features  Vinyl

Terms/Misc.  1031 Exchange, Cash, Conventional, Other

Possession  At Closing,Nego

DETAILS  

Status Change Date  02/03/2024

Listing Date  07/25/2023

Internet/IDX  Y

Licensee Interest  None

LISTING OFFICE DETAILS  

Listing Office   Berkshire Hathaway Home Svcs

Office Address   203 Bridge Street

Listing Number   1914843

THE ACCURACY OF ALL INFORMATION, REGARDLESS OF SOURCE, IS NOT GUARANTEED OR WARRANTED. ALL INFORMATION SHOULD BE INDEPENDENTLY VERIFIED. Listings last updated: Wednesday, May 8, 2024. Some properties that appear for sale on this web site may subsequently have been sold and may no longer be available. The data relating to real estate for sale on this web site appears in part from the IDX programs of our Multiple Listing Service. Real Estate listings held by brokerage firms other than Real Estate One include the name and address of the listing broker where available.
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