7302 Edlane Road

About this home

TURN-KEY WATERFRONT OPPORTUNITY! Currently an active, successful Airbnb, this fully equipped 3-bed, 3-bath colonial sits on a canal with direct access to Lake St. Clair. Major updates include a new roof and skylight (2022), plus a new water heater and sump pump (2021).The home features an open main floor with a gas fireplace, an upper primary suite with a private balcony, and an attached 2.5-car garage on public utilities. Outside, enjoy private boat dockage, a seawall, hot tub, and fire pit in a peaceful backyard setting. Located in prime Clay Township near Harsens Island ferries, Marine City, and endless water recreation. Perfect as an immediate income-generating asset or a personal waterfront retreat!

Interior

Systems and utilities

Exterior and lot

Taxes, HOA and more

Schools

How it compares in Algonac

Over the last 90 days, 35 homes sold in Algonac for a median of $290,000, about $193 per square foot, and the typical one went under contract in 15 days. This home is listed at $430,000, or $214 per square foot, 11% above the city median, and has been on the market 13 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Algonac sales or ask us for the comparable sales on this one.

Property taxes for a new owner

The current owner pays about $9,681 a year. A buyer who lives here would pay about $6,265 to $6,999 a year once the taxable value resets after the sale, at the 2025 homestead rate of 32.23 mills for Clay Twp and Algonac schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.

Monthly payment estimate

Estimate only, 30 year fixed, includes taxes at a new owner's rate when listed. Ask us for a lender quote.

Location

Similar homes in Algonac

$540,000

4 bd · 2 ba · 2,881 sqft

7322 Flamingo Street, Algonac

Listing courtesy of RE/MAX Advisors

$399,900

3 bd · 2 ba · 1,321 sqft

7348 Aqua Isle Drive, Algonac

Listing courtesy of KW Platinum

$375,000

3 bd · 1 ba · 1,100 sqft

7260 Audubon Street, Algonac

Listing courtesy of Lee Realty Inc.

$469,900

3 bd · 3 ba · 1,626 sqft

7250 Bluebill Drive, Algonac

Listing courtesy of RE/MAX First

$549,900

4 bd · 3.5 ba · 2,485 sqft

7214 Cardinal Street, Algonac

Listing courtesy of RE/MAX Advisors

$310,000

3 bd · 1.5 ba · 940 sqft

8235 Anchor Bay Drive, Algonac

Listing courtesy of Century 21 Professionals

See all Algonac homes for sale →