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Investment Highlights

  • Beautifully restored 1938 cottage court
  • Located just steps from the water
  • Offers public beach access along the bay
  • Spread across five wooded acres
  • Directly across the street from a public day park
  • Ten individual cottages have been completely transformed

Executive Summary

A piece of Northern Michigan history, reimagined for what's next. Tucked along Elk Rapids' bayside, Paradise Pines Resort is a rare offering: a beautifully restored 1938 cottage court spread across five wooded acres, just steps from the water. Directly across the street, Elk Rapids Day Park offers public beach access along a quarter-mile of East Grand Traverse Bay shoreline. Ten individual cottages, each with its own character, have been completely transformed from the ground up. New flooring, electrical, and plumbing throughout. Furniture and decor sourced from repurposed materials, giving every space warmth and story in equal measure. Nine cottages are currently in the rental program, ranging from a cozy 160-square-foot efficiency to a spacious two-bedroom retreat, together capable of hosting up to 28 guests. A shared fire pit, group dining area, and lawn space for games round out the property, creating the kind of communal, laid-back atmosphere that turns first-time guests into regulars. The owners' residence sits on-site as well, with five acres offering plenty of room to grow, whether that means additional cottages, expanded gathering spaces, or new amenities altogether. This is more than a vacation rental. It's a turnkey business with deep roots in the community, established goodwill, and real upside for the right owner. For the right buyer, Paradise Pines represents a rare chance to own a piece of Elk Rapids' history, and build onto its next chapter.

Property Facts

Price $1,750,000
Price Per Room $175,000
Sale Type Investment
Property Type Hospitality
Property Subtype Bed and Breakfast
Building Class C
Lot Size 5.88 AC
Building Size 4,000 SF
No. Rooms 10
No. Stories 1
Year Built 1950
Parking Ratio 3/1,000 SF
Zoning Other, Commercial - Commercial Zoned District

Amenities

  • Controlled Access
  • Smoke-Free
  • Smoke Detector

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 10 - -
Somewhat walkable
20/100
Exceptionally drivable
100/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
05-43-029-006-00
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$313,600
  • Listing ID: 41753484

  • Date on Market: 8/14/2026

  • Last Updated:

  • Address: 917 S Bayshore Dr, Elk Rapids, MI 49629

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