MLS# 50209479 Property Type: Single Family Active
Currently the only active inland lake property available in the Keweenaw priced under $750,000, this Lake Medora offering combines year-round usability, strong rental potential, and a private setting just minutes from Copper Harbor. Located on a privately maintained dead-end lane, the property provides excellent privacy while remaining accessible throughout the winter. The cabin has undergone substantial remodeling and additions over the years, resulting in an estimated functional age of 2016. *** The property is currently operated as a vacation rental with occasional owner use. Existing bookings may transfer to the next owner depending on the closing timeline. The home is being sold nearly turnkey, including furniture, décor, kayak, canoes, and kitchen items. The seller intends to retain only a mounted bobcat and antlers. *** Water is supplied from Lake Medora. A reverse osmosis filtration system was recently installed, and water testing is pending. Buyers planning to finance should consult with their lender regarding loan requirements for lake-drawn water systems. A drilled well is estimated to cost approximately $13,000–$20,000 if desired. *** The cabin is equipped with forced-air heat, on-demand hot water, and a crawlspace approximately three feet high with a vapor barrier installed. The property can be comfortably used year-round for personal enjoyment, rental income, or both. *** Lake Medora is known for excellent fishing, including walleye, bass, and perch. A nearby public boat launch provides convenient access for launching watercraft, while the property's dock offers immediate access to deep, clear water. Strong lake views create an exceptional setting to enjoy both sunrises and sunsets throughout the year. *** Additional features include a properly built wood-fired sauna, attractive glacial rock formations near the front entry, excellent cellular service, and flexible zoning within Grant Township. Unlike portions of Lake Medora located within Eagle Harbor Township, this area is not subject to the same short-term rental restrictions. *** The property is located approximately five miles from Copper Harbor's dining, trails, and world-class mountain biking, and less than ten miles from Mt. Bohemia. Whether seeking a private retreat, a year-round residence, or an income-producing vacation rental, this property offers a unique opportunity in one of the Keweenaw's most desirable recreational areas. *** Showings are by appointment only. Please do not drive by the property without permission in order to avoid disturbing guests. Upstairs square footage is measured from a 4' knee wall height. Video and virtual tours are available!
Listing Provided Courtesy of ADAM TAIVALKOSKI - SAVU REALTY
