248 Ferry Street
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 28, 2022 | Sold | ||
| Sold | |||
| Jun 9, 2022 | Listed by Beacon Sotheby's International Realty | $1,050,000 | |
| Listed by Beacon Sotheby's International Realty | |||
| | |||
|
Built by award-winning JPD Construction, Inc., this private oasis is nestled amongst nature. Surrounded by a harmonious group of modern-traditional builds, lush landscaping and marsh views, this coveted neighborhood is the key to fulfilling the ultimate beach town lifestyle.
Just a half mile from the local yacht club, a mile walk to Douglas Beach, a six-minute walk to the famous Root Beer Barrel, and just a ten-minute bike ride to Downtown Saugatuck, 248 Ferry Street affords a menu of activities that are second to none.
The floor plan of this unrivaled home is designed for entertaining with three en-suite bedrooms, four full baths, a powder room, and two optional lower-level guest/flex rooms.
Seamless outdoor-living is magnified with an outdoor kitchen complete with granite count A built-in grill and beverage fridge, a serene gas fire table, and Sonos Audio systems throughout.
248 Ferry Street presents over 4,000 sqft under roof, ample parking, an in-ground basketball hoop, and a detailed blue stone walk to the covered-porch entryway.
The temperature-controlled garage features an epoxy floor, and is sized to house two SUVs, a workshop, and scores of sporting and biking accessories. Above the garage is a temperature-controlled, unfinished studio/workspace waiting to be tailored to new demands and satisfaction.
The main level invites with an open kitchen, dining, and living area that paints the ideal picture for hosting and gathering.
Find the kitchen outfitted thoughtfully with a butler's pantry, wine fridge, double-oven, gas range stove, and an island sized for hosting.
Adjacent to the living area, grab a book and settle in on the heated three season porch that commands an exquisite panoramic view of the marsh and lush landscaping below.
The main level master suite showcases an elegant free-standing clawfoot tub, spacious walk-in closet, and a private sunroom for a tranquil viewing experience of each morning's sunrise.
The lower level follows suit with walk-out doors, elevated ceilings, a full bath, and infinite entertaining capabilities made possible by a central lounge area with a grand gas lit fireplace and built-in shelving focal point. Enjoy a complete fitness room and an office room, or maximize your hosting potential by transforming them into additional guest rooms.
By virtue of this expertly-crafted retreat, step into the most coveted beach town lifestyle that Michigan has to offer by making 248 Ferry Street your new way of living.
| |||
| Jun 14, 2016 | Sold | ||
| Sold | |||
| Aug 3, 2015 | Listed by Coldwell Banker Woodland Schmidt Saugatuck | $149,000 | |
| Listed by Coldwell Banker Woodland Schmidt Saugatuck | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017