Eagle Harbor MI
11199 M26 Eagle Harbor, MI 49950
B-E-A-U-T-I-F-U-L Agate Harbor connected to Lake Superior in Keweenaw County's! This cottage is located on the sheltered South Bay of Agate Harbor with easy access to Lake Superior! There are 2 bedrooms and the sale includes many furnishings to get you started, has year round access off of Lakeshore Drive/Highway M26 and is close to Copper Harbor, Brockway Mountain, the Keweenaw's recreational and biking trails, Mount Bohemia and more! But....you don't even have to go very far at all to appreciate nature as being a shareholder of the Agate Harbor Land Pool you can enjoy approximate 500 acres (commonly owned by owners of the Land Pool) of wooded land to explore. The floor plan of this cottage is quite open and very fitting for a lot of fun gatherings with family and friends. The living room and deck have a beautiful expansive view of the bay and absolutely gorgeous sunsets looking towards Lake Superior. The cedar lined sauna has a shower area. The setting is very natural and has thimbleberry bushes. Agate Harbor Land Pool Board approval for sale required. Agate Harbor Land Pool use restrictive covenants apply. Stock in Land Pool goes w/sale. Land Pool has First Right of refusal. See list of personal property that is included with the property. Notice: (from bylaws) 17. No lien, mortgage, security interest, encumbrance or trust may be placed or imposed on any leased lot, or on any structure or improvement thereon. Mortgages are permitted on lots owned by shareholders, on any structure or improvement thereon, and on any share or shares of the associated Agate Harbor Land Pool, Inc. common stock subject to the following restrictions: Mortgages shall be limited to the lower of 50% of: 1) the value as determined by a certified appraiser in a written appraisal dated within 60 days of the date of the application or; 2) the sales price of the property. Reverse mortgages shall be limited to 25% of the certified appraised value of the property. Any shareholder seeking a mortgage shall obtain the approval of the Board of Directors by providing documentation which demonstrates that the proposed mortgage meets this rule. In addition, the shareholder shall reimburse the Agate Harbor Land Pool for any out-of-pocket costs it incurs related to the mortgage approval process. The Agate Harbor Land Pool Board of Directors may grant exceptions to these limitations only by majority vote of the Board and only prior to the imposition of any lien, mortgage, encumbrance or trust. No transfer to any Trust shall be permitted unless:1) The Trustee (and all Successor Trustees) is an individual lot owner or the spouse or child of a lot owner; 2) the sole trust beneficiary(s) entitled to reside on the property are the spouse or child(ren) of the Trustee; and 3) the Trustee and Successor Trustees acknowledge, in writing, the transfer and use restrictions applicable to the property.
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