About This Home

This 0-bedroom, 1-bathroom single family at 5242 Ostlund Drive in Hope, MI is listed for $478,000 ($498 per sqft). Built in 1949, the home offers 960 sqft of living space on a 4.50 acres lot.

Key Features

  • Built in 1949
  • 4.50 acre lot
  • Fireplace
  • Waterfront

Property Details

1 story
1 full
1949

Amenities

FireplaceWaterfront
Listing Description

Motivated Sellers. Excited to Review ALL OFFERS! Dreaming on 5242 Ostlund Dr. in Hope, Michigan! Great potential for Dreams to come true on what is unquestionably the most desirable location on Wixom Lake. Located in Gladwin County on the east shore of Wixom Lake (Tittabawassee River) with mostly wooded lots, halfway between the Edenville Dam and the Estey Road bridge, with access via the terminus of a private paved drive off Middle Road.

Whether you are admiring the gorgeous colors of Autumn, cozying up by the crackling fire watching the snow fall in Winter, or viewing the awe-inspiring sunsets year-round, you will enjoy the 180 degree unobstructed view of the lake. The parcel consists of 8 contiguous lots from the original plats of the Ostlund and Pudlo Subdivisions.

Since 1949, the parcel has been owned by a family which used the single level cabin and environs as a recreational retreat during the summer months. When the water returns the property boasts a magnificent sandy bottomed swimming area, 40 yards wide along over 500 feet of lake frontage, plus a docking facility with 4 ft. depth. The 4 1/2 acre parcel is served with Consumers Energy electricity and has natural gas service available. Sellers are open to negotiations on splitting the property lots.

Monthly Cost Estimate

$2,556/mo

20% down · 6.5% · 30 years

Principal$346
Interest$2,071
Insurance$139

Estimates only. Actual payments may vary.

Location

5242 Ostlund Drive

Hope, MI 48628

Property Details

Parking

Garage

Heating

Forced Air

Cooling

Ceiling Fan(s)

Questions & Answers

This 0-bedroom, 1-bathroom single family at 5242 Ostlund Drive is listed at $478,000 ($498/sqft). The estimated monthly payment is $2,556 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1949, 4.50 acre lot, Fireplace, Waterfront.

This property is listed by Robert Zientek and can be reached at 9895065635.

RZ

Robert Zientek

Agent at Century 21 Signature Realty

(989) 506-5635
Agent website

Listed by Century 21 Signature Realty · Broker phone: (989) 921-7000 · Broker website

MLS# 50208643· Source: Multiple Listing Service MiRealSource· 128 days on PropertySimple

Copyright © 2026 Multiple Listing Service MiRealSource. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

5242 Ostlund Drive, Hope, MI 48628

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