A recent reduction from $166,000 to $157,500 has made this already terrific buy on The AuSable River's Holy Water section into a true steal. When most buyers begin their search for riverfront, they don't consider shared access and I can completely understand. This development, however, is truly unique. Developed in 2002, this spectacular 46 acre tract was held by the same family since 1934 and was operated as a rental operation for fly anglers looking to enjoy The AuSable River and it's remarkable fishing. The buyer was a gentleman who spent a lot of time renting one of the cabins on the site, but did not have a need for the entire 46 acres and the 5 cabins that were on the property at that time. We helped him develop the parcel into just 11 private parcels in addition to a 5 acre "preserve" that encompassed the heart of the property, a wonderful trout pond that requires no stocking and a classic AuSable Riverboat house (which was recently converted into a screened river house for the residents). Each property gains deeded ownership of their individual tract and a 1/12 undivided interest in the 5 acre preserve with over 700' of river frontage. Because a number of the property owners have now acquired multiple parcels, there are only 7 property owners on the entire 46 acres and only one of those is a year round resident. It's just about impossible to find a cabin of any sort on this quality of water in this price range, let alone a full log cabin with ownership of 8 acres of land and over 700' of frontage, a trout pond, screened river house and an additional pedestrian easement at the upstream end of the development that provides access to more than 1/4 mile of river in total!!!! Click here for the nuts and bolts about the property. Someone is going to get a tremendous deal on a property that their family is sure to enjoy for many years to come, it might as well be you!!! E-mail Chad with any questions or to set up a showing.
Wednesday, January 7, 2009
Amazing Deal on AuSable Log Cabin
A recent reduction from $166,000 to $157,500 has made this already terrific buy on The AuSable River's Holy Water section into a true steal. When most buyers begin their search for riverfront, they don't consider shared access and I can completely understand. This development, however, is truly unique. Developed in 2002, this spectacular 46 acre tract was held by the same family since 1934 and was operated as a rental operation for fly anglers looking to enjoy The AuSable River and it's remarkable fishing. The buyer was a gentleman who spent a lot of time renting one of the cabins on the site, but did not have a need for the entire 46 acres and the 5 cabins that were on the property at that time. We helped him develop the parcel into just 11 private parcels in addition to a 5 acre "preserve" that encompassed the heart of the property, a wonderful trout pond that requires no stocking and a classic AuSable Riverboat house (which was recently converted into a screened river house for the residents). Each property gains deeded ownership of their individual tract and a 1/12 undivided interest in the 5 acre preserve with over 700' of river frontage. Because a number of the property owners have now acquired multiple parcels, there are only 7 property owners on the entire 46 acres and only one of those is a year round resident. It's just about impossible to find a cabin of any sort on this quality of water in this price range, let alone a full log cabin with ownership of 8 acres of land and over 700' of frontage, a trout pond, screened river house and an additional pedestrian easement at the upstream end of the development that provides access to more than 1/4 mile of river in total!!!! Click here for the nuts and bolts about the property. Someone is going to get a tremendous deal on a property that their family is sure to enjoy for many years to come, it might as well be you!!! E-mail Chad with any questions or to set up a showing.
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