$2,000,000
$2,250,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
6 Beds
6 Baths
6,503 SqFt
SOLD DATE : 12/09/2020
Key Details
Sold Price $2,000,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 6,503 sqft
Price per Sqft $307
Municipality Douglas Vllg
MLS Listing ID 20032899
Sold Date 12/09/20
Style Traditional
Bedrooms 6
Full Baths 5
Half Baths 1
Originating Board Michigan Regional Information Center (MichRIC)
Year Built 1993
Annual Tax Amount $45,134
Tax Year 2020
Lot Size 0.861 Acres
Acres 0.86
Lot Dimensions 103x437x408x93
Property Description
Lake Michigan home in great location of Saugatuck/Douglas in a coveted area on quiet Lakeshore Drive. Recent remodel including lower level finishing that now includes a bunk room and a multipurpose game/family/entertainment area. Includes a new lakeside deck at the beach. With 6,500 square feet, 5 bedrooms plus main floor office & a bunk room in the daylight lower level, you'll enjoy entertaining on this nearly one acre wooded lot close to restaurants and shops of Saugatuck and Douglas. Lake Michigan at it's finest. This home won't last long in today's market. Large circular drive and plenty of parking. Room to add pool. Rental income covers taxes and mortgage for current owners. This beautiful home is rented so can only be viewed between rentals. See additional features in attachment. since moving back to CA a few years ago, we have been renting our Douglas Lake house out quite a bit.
It's very nicely furnished (we left most of our furniture there) and we just put in new oak plank floors, but we've been surprised by how clean everything has been kept, and with minimal damage over time. I think we've had a towel bar out, a couple of plumbing issues....nothing major. The clients we attract have much to do with this. Most summers we are renting weekly to extended family groups...so, grandparents getting together their kids and grandkids. Often these are groups that fly in for one week, and often these are booked 6-9 months in advance. This year has been very different, and the rentals have been shorter term, without the extended families, and most guests come from a few hours away. We did have a family 'shelter in place' for a month this Spring.
I have been managing the bookings/approvals on the listing websites, and our rental coordinator, Karissa, has been the point of contact with guests, as well as managing the cleaning crew and all supplies, etc. at the house. She's extremely responsible and could definitely take over the booking aspect of things as well.
The house has three sets of bedding for all beds, sleeps 18+, and related has all towels, dishware, etc. for large groups.
Our net revenue (after cleaning and coordination direct labor expenses) in 2019 was over $165,000 and in 2020 through current bookings is over $200,000. While a good share of the revenue is in the summer, we have also been booking Spring, Fall, and a handful of nights each month through Winter. since moving back to CA a few years ago, we have been renting our Douglas Lake house out quite a bit.
It's very nicely furnished (we left most of our furniture there) and we just put in new oak plank floors, but we've been surprised by how clean everything has been kept, and with minimal damage over time. I think we've had a towel bar out, a couple of plumbing issues....nothing major. The clients we attract have much to do with this. Most summers we are renting weekly to extended family groups...so, grandparents getting together their kids and grandkids. Often these are groups that fly in for one week, and often these are booked 6-9 months in advance. This year has been very different, and the rentals have been shorter term, without the extended families, and most guests come from a few hours away. We did have a family 'shelter in place' for a month this Spring.
I have been managing the bookings/approvals on the listing websites, and our rental coordinator, Karissa, has been the point of contact with guests, as well as managing the cleaning crew and all supplies, etc. at the house. She's extremely responsible and could definitely take over the booking aspect of things as well.
The house has three sets of bedding for all beds, sleeps 18+, and related has all towels, dishware, etc. for large groups.
Our net revenue (after cleaning and coordination direct labor expenses) in 2019 was over $165,000 and in 2020 through current bookings is over $200,000. While a good share of the revenue is in the summer, we have also been booking Spring, Fall, and a handful of nights each month through Winter.
Location
State MI
County Allegan
Area Holland/Saugatuck - H
Direction Wiley Rd/130th South to address.
Body of Water Lake Michigan
Rooms
Basement Daylight, Full
Interior
Interior Features Central Vacuum, Ceramic Floor, Garage Door Opener, Security System, Wet Bar, Kitchen Island, Eat-in Kitchen
Heating Forced Air, Natural Gas
Cooling Central Air
Fireplaces Number 2
Fireplaces Type Gas Log, Living, Kitchen
Fireplace true
Window Features Screens, Low Emissivity Windows, Window Treatments
Appliance Dryer, Washer, Built in Oven, Cook Top, Dishwasher, Microwave, Refrigerator, Trash Compactor
Exterior
Garage Attached, Paved
Garage Spaces 2.0
Community Features Lake
Utilities Available Telephone Line, Cable Connected, Broadband, Natural Gas Connected
Waterfront Yes
Waterfront Description All Sports, Private Frontage
View Y/N No
Roof Type Composition
Street Surface Paved
Parking Type Attached, Paved
Garage Yes
Building
Lot Description Wooded
Story 2
Sewer Public Sewer
Water Public
Architectural Style Traditional
New Construction No
Schools
School District Saugatuck-Douglas
Others
Tax ID 035901709800
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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