4233 n pheasant road, lincoln, MI 48742

Cottage with incredible upside--sold as-is. If you are looking for a project with great bones and immediate equity potential, this is it. Remediation from a past plumbing leak has already begun with partial drywall removed, giving you a head start on a clean slate for renovations. Check out the AI-generated design rendering in the photo section of this listing, to visualize the massive potential of this footprint. Key features include a rustic exterior aesthetic, a spacious primary bedroom, a natural fireplace, two full baths, and generous outdoor decking. Perfect for a rehab loan, investor, or dedicated DIYer looking to customize their next Northern Michigan retreat. Exact year built unknown. Sale includes 3 lots on 2 parcel ID#'s. Come join the exceptional lifestyle so many enjoy at Lost Lake Woods Club. A private 10,000-acre recreational community offering championship golf, hunting, five lakes, extensive trail systems, equestrian facilities, shooting sports, tennis, pickleball, and more. Membership information can be found online at the Lost Lake Woods Club website or by calling the Clubhouse office. Per the Seller's request, one club membership will transfer to the buyer at closing (subject to membership approval from Lost Lake Woods Club). Current Membership Monthly Dues $220

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Copyright 2026 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc. Listing By: Kay Pearson of Real Estate One, Phone: 248-625-0200