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5500 E 68th Street
Newaygo, MI 49337
$5,950,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
3100
Property Description
Imagine owning one of the best recreational properties in Michigan. That dream can now become a reality. The owner of this property has spent the last 34 years acquiring additional parcels to accumulate over 1.3 miles of riverfront and over 422 acres of land, on arguably the best fishing river in West Michigan. This custom-built, log home sits on the bank of the Muskegon River and has 3 bedrooms and 3 ½ baths, a two-story flagstone fireplace, hardwood floors, custom kitchen, main floor laundry, and custom ''owner built'' cabinets from wood that was harvested from the property. It is heated and cooled with a Geothermal HVAC system that has LP gas back up. Electricity bills are also very low due to the solar panels. A large deck overlooks the water and there is a 40' x 40' garage to house all of your vehicles. This property is very Green with almost a zero-carbon footprint. This is a low bank property but not in the flood zone. No huge staircases to get down to the water's edge. In addition to the home, you will find two additional pole buildings. The first is a 40' x 120' storage building to house all your toys and equipment. There is an additional 10' x 120' covered awning for additional covered, outdoor storage. This building has lights and power. The second building is a hobbyist's dream come true. It is 66' x 100', is heated (wood or LP), and has water and electric. There is a large area for additional vehicle/equipment storage, a large wash/repair bay, a second large area that is currently set up as a woodworking shop but could easily be a machine shop or area to work on/store vehicles. Also located in this building is a ½ bath and a large wood paneled office. The property is completely fenced with a gate at the entrance to ensure privacy and protection. There are miles of groomed trails that traverse the property. Numerous hunting blinds and food plots for deer and wildlife. There is a dock at the water's edge in front of the house to enjoy the river and keep your boat docked for easy quick access. Watch the Bald Eagles, duck, geese, and herons fly up and down the river. The main attraction is the Muskegon River. The 1.3 miles (+/-) of shoreline entails the entire south side of the river starting just below the Croton Dam and ending below the Pine Street boat launch. The land directly across from the house is state owned, so there will never be any houses directly across the river, it will always remain very private. This section of river is some of the best water for fishing for trout in the entire state. In addition to trout, you will find salmon, steelhead, small mouth bass and walleye in this section of the river, depending on the time of year and when the fish come into the river to spawn. The trout and small mouth bass are there year-round. Descriptions and pictures never do a property the true justice it deserves. The best thing to do would be to schedule a tour and discover for yourself how amazing this property truly is.
Property Information
Lot Size
422 acre(s) square ft
Property Type
Residential
Year Built
1990
MLS Number
24013892
Location
Address
5500 E 68th Street
City
Newaygo
State
MI
Zip Code
49337
County
NEWAYGO
Listing
Provider
MICHIGAN OUTDOOR PROPERTIES, original listing
Name
MICHIGAN OUTDOOR PROPERTIES
Phone
(616) 456-6554
Office Name
Michigan Outdoor Properties
Office Phone
(616) 915-9713
Agent Name
Philip DeVries

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As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.