$640,000
Deep-water point lot with a covered slip
3 bd4 ba
3,650 sqft
420 ft shore
Permitted, not built
$1,524/ft
Low-maintenance condo with a deeded slip on Torch Lake. Roughly 180 feet of owned shoreline on 2.34 acres, with 4 bedrooms across 2,850 square feet. Crib dock with lift. Water clarity on Torch Lake averages around 30 feet and the lake is classified stable for water level. Dock and shoreline work fall under Michigan EGLE. This is a sample listing used to demonstrate the platform.
| Down payment | $251,000 |
| Closing costs (est. 2.4%) | $30,120 |
| Septic inspection & pump | $850 |
| Water quality testing | $400 |
| Waterfront home inspection | $800 |
| Survey (shoreline frontage) | $1,200 |
| Total | $284,370 |
| Principal & interest | $79,348 |
| Property taxes | $13,898 |
| Hazard insurance | $5,271 |
| Flood insurance | $3,240 |
| Utilities | $3,848 |
| Maintenance reserve (1.1%) | $13,805 |
| Septic service | $520 |
| Well & water testing | $260 |
| Dock maintenance | $900 |
| Winterization / seasonal close | $750 |
| Shoreline / seawall reserve | $1,080 |
| Total | $122,920 |