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3358 N Us Highway 23 Hwy, Oscoda, MI, 48750

1beds
1baths
13,400sqft
$1,595,000
$119price/sqft
$11,540/moest. monthly cost
$461,600/yrincome needed

About This Home

Discover an unparalleled waterfront investment opportunity on the shores of Lake Huron. The Aloha Beach Club is a fully operational, income-generating retreat boasting 13 well-appointed cottages, comprising of 27 beds and 13 baths, and nestled along 150 feet of pristine, sugar-sand beachfront. This property operates on a highly successful, year-round business model—commanding premium weekly rates during the vibrant summer season and securing steady monthly tenancy throughout the winter. With major infrastructure projects recently completed, this property offers immediate cash flow alongside incredible potential for future growth. The current owners have heavily invested in future-proofing the property, eliminating deferred maintenance and upgrading key utilities: 1. The outdated septic system has been entirely removed, and the property is now fully connected to the City Sewer. 2. A comprehensive upgrade of the electrical systems across all 13 cottages was completed in 2024. 3. Brand-new composite decking and extensive walkways have been installed throughout the grounds, providing a polished, low-maintenance aesthetic. 4. The sale includes fully finalized architectural drawings for a complete cottage remodel. These plans are strategically designed to enhance guest amenities and maximize energy efficiency—lowering off-season overhead while driving up your nightly RevPAR (Revenue Per Available Room). The 13 cottages are outfitted for modern travelers. Every cabin includes smart keyless entry, flat-screen televisions, and dedicated standalone air conditioning. Eleven of the units are also equipped with efficient tankless water heaters. There is 150+ feet of private beach access, BBQ equipment and fire pits, and two electric vehicle (EV) charging stations to attract eco-conscious guests. Schedule your private tour of the Aloha Beach Club today and secure your piece of Lake Huron beachfront!

Getting Around

4
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

6/10
8/10
Oscoda Area High SchoolGrades 7-123.9 mi

Construction

Condition

  • Year built: 1950

Materials

  • Foundation: Crawl Space,Pillar Post Pier
  • Construction materials: Wood Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Cottage
  • Property subType: Single Family Residence

Interior

Bedroom

  • Level: Entry
  • Area: 100
  • Dimensions: 10 X 10

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Finished area above ground: 13,400

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total interior livable area: 13,400 sqft

Other

  • Level: Entry
  • Area: 64
  • Dimensions: 8 X 8

Property

Details

  • Parcel number: 77001319981
  • Special condition: Agent Owned,Short Sale No

Features

  • Levels: Two
  • Stories: 2
  • Entry location: GroundLevel
  • Pool features: None

Lot

  • Lot size: 0.75 Acres
  • Lot size dimensions: 178 x 184

Parking

  • Parking features: No Garage

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Hail
    HailModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Cold Wave
Inland Flooding
Lightning
Strong Wind
Hail
Tornado
Tsunami

FEMA Declared Disasters in Iosco County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $8,065$96,780
Home Insurance *$845$10,140
Property Taxes $1,169$14,028
Electricity $1,461$17,539
Total$11,540$138,480
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$395,657/yr
40% on housing$346,200/yr
45% on housing$307,733/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.4%
9.4%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.1%
1.1%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$119This listing

vs Other Active Listings

Avg $/sqft

ZIP 48750$142
Iosco County$138

vs Homes Sold Last Month

Median $/sqft

ZIP 48750
Iosco County$137

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-07-04Listed for sale$1,595,000
2022-07-15Sold$1,100,000
2022-06-16Pending sale$1,200,000
2022-05-21Listed for sale$1,200,000

For Sale by Agent

AgentRizwan Lokhandwala
BrokerageOnyx Real Estate Solutions

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