See Home Value
Allegan 49453
116 Riverside Drive
$5,050,000
● House - Off Market

116 Riverside Drive

Saugatuck, MI 49453
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
5,006 Ft²
$35,041
Est. Monthly
0.24%
Cap Rate

About This Property

Nearly 400 feet of prime water frontage, and 2.7 acres of highly sought after Saugatuck land, this is truly the finest and most iconic remaining property on the water.  180-degree views both up and down river, as well as the beauty of your protected view across river of the Oxbow property, the location is ideal and just a short distance to downtown Saugatuck where you'll enjoy shops, restaurants, and entertainment that has drawn visitors to the area for decades. Upon pulling up to the estate on your circle driveway, you'll find the main home, a detached garage and separate carriage house. Entering this historic home, you will immediately be taken back to the rich history of the property, once a vibrant artist retreat, and was a major influence in Saugatuck becoming what is now known as the "Art Coast." You will be stunned by the history and character throughout, with the original moldings, and rich decor, as well as the vintage tilework in the bathrooms.  This only continues as you explore the main and upper-level living areas with original historic flooring, vanities, baths and wallpaper.  One of the most unique features, however, is the rumored underground tunnel which leads to more exciting views you will not see in any other property in the area, and features a full studio, complete with a second kitchen, spa-like bathroom with a sauna, and a lakeside deck overlooking the rarely seen boathouse. The reinforced steel seawall lines the entire length of the waterfront for maximum bluff protection, and docking for multiple boats makes this a water enthusiast's dream!
Unit Size
5,006 Ft²
Days on Market
-
Land Size
2.70 acres
Price per sqft
$1,395
Property Type
House
Property Taxes
$743
HOA Dues
-
Year Built
1980

Payment Calculator

Cap Rate Calculator

Last updated: 3 years ago (MichRIC MLS #23028372)

Price History

Date / Event Date Event Price
Jan 11, 2024 No longer available -
No longer available
Jan 9, 2024 Sold
Sold
Dec 28, 2023 In contract -
In contract
Sep 10, 2023 Relisted $6,985,000
Relisted
Sep 2, 2023 In contract -
In contract
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 2
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,898
  • Garage Type: 7
  • Garage Square Area: 288
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 116,087
  • Lot Size Depth Feet: 3,000
  • Lot Size Frontage Feet: 3,870
  • Total Building Area: 2,874
  • Building Area: 2,874
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,874
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SIMPKINS ADD
  • Land Acres: 0000002665
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: THAT PT GOVT LOT 5 LYING S OF RIVERSIDE REST & W OF SIMPKINS ADD EX N 75 FEET THEREOF SEC 4 T3N R16W.

Neighborhood

  • School District Name: Saugatuck Public Schools
  • School Tax School District: SAUGATUCK
  • Census Tract: 030801

Zoning

  • Zoning: R-2

Geography

  • District: 20
  • Parcel: 20-004-026-00
  • Lot: 5
  • Meridian: SEC 04 TWN 03N RNG 16W
  • Municipality: SAUGATUCK TWP
  • Latitude: 42.6656
  • Longitude: -86.1988

    Address

  • Full Address: 116 Riverside Dr
  • Address - House Number: 116
  • Address - Street Name: Riverside
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Saugatuck
  • Carrier Code: R002
  • 4-Digit Zip Code: 9712
  • Zip Code: 49453

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $0

    Appraisal Valuation

  • Standard Deviation: 0.1949
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 74
  • Final Value: 1,824,978
  • High Value: 2,180,793
  • Low Value: 1,469,162

    Market Valuation

  • Market Total Value: $1,679,000
  • Market Land Value: $1,206,400
  • Market Improvement Value: $472,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $839,500
  • Assessed Land Value: $603,200
  • Assessed Improvements Value: $236,300

    Exemptions

  • Homeowner Exemption: Yes
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Allegan


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals



Frequently Asked Questions

When was property at 116 Riverside Drive built and last sold?
The property at 116 Riverside Drive was built in 1980 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 116 Riverside Drive is $6,761,368.
What are some comparable homes to 116 Riverside Drive?
There are currently no comparable homes to 116 Riverside Drive.