See Home Value
Allegan 49453
3255 Lake Trail Drive
$1,066,000
● House - Off Market

3255 Lake Trail Drive

Saugatuck, MI 49453
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,884 Ft²
$5,965
Est. Monthly
$104
HOA / Fees

About This Property

Welcome to the good life!

This home has deeded access to Silver Lake and sits on over an acre of private woodland. Located in one of Michigan's most sought-after resort communities, this modern Tudor lodge was originally built as a Parade Home and has been featured in an architectural showcase, a pedigree that shows in every detail.  Three bedrooms, two of them ensuite, three bathrooms, soaring ceilings, a dramatic floor-to-ceiling stone fireplace, and a chef's kitchen with granite counters and a playful touch of lemon-yellow appliances that locals and guests have come to love. The screened rear porch, accessible from both the main living area and the primary suite blurs the line between inside and out in the best possible way.  Step outside to a resort-caliber backyard, including inground pool with custom concrete decking, a firepit, fenced lawn, and naturalized woodland landscape that makes the rest of the world disappear. Association access to Silver Lake connects you via the Kalamazoo River all the way to Lake Michigan. Kayaking, boating, and open water, all from your doorstep.  This property has operated as a premium short-term rental generating over six figures annually, with 2026 on pace to set a new all-time revenue record.  A buyer doesn't just acquire this home, they acquire a proven, income producing asset in a market where properties like this rarely come available.

Once you arrive, you won't want to leave, and neither will your guests.  Some homes are just houses; this one is a destination.
Unit Size
1,884 Ft²
Days on Market
61 days
Land Size
1.22 acres
Price per sqft
$523
Property Type
House
Property Taxes
$1,024
HOA Dues
$104
Year Built
2005

Payment Calculator

Cap Rate Calculator

Last updated: 4 months ago (MichRIC MLS #26022292)

Price History

Date / Event Date Event Price
Jul 14, 2026 Sold
Sold
Jun 1, 2026 In contract -
In contract
May 14, 2026 Listed by Coldwell Banker Woodland Schmidt $985,000
Listed by Coldwell Banker Woodland Schmidt
Apr 12, 2017 Sold
Sold
Mar 29, 2017 Listed by Coldwell Banker Woodland Schmidt $495,000
Listed by Coldwell Banker Woodland Schmidt
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 29
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 150
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,884
  • Garage Type: 7
  • Garage Square Area: 562
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 53,143
  • Lot Size Frontage Feet: 1,840
  • Total Building Area: 1,884
  • Building Area: 1,884
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,884
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIVERS EDGE SITE CONDO
  • Land Acres: 0000001220
  • Standard Land Use Code: 1004
  • County Land Use Code: 401
  • Legal Description 1: UNIT 1 RIVER'S EDGE SITE CONDO SEC 11 T3N R16W (05).

Neighborhood

  • School District Name: Saugatuck Public Schools
  • School Tax School District: SAUGATUCK
  • Census Tract: 030800

Zoning

  • Zoning: R-2

Geography

  • District: 20
  • Parcel: 20-315-001-00
  • Meridian: SEC 11 TWN 03N RNG 16W
  • Municipality: SAUGATUCK TWP
  • Latitude: 42.6549
  • Longitude: -86.1673

    Address

  • Full Address: 3255 Lake Trail Dr
  • Legal Unit: 1
  • Address - House Number: 3255
  • Address - Street Name: Lake Trail
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: Saugatuck
  • Carrier Code: R001
  • 4-Digit Zip Code: 8414
  • Zip Code: 49453

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,053,406

    Appraisal Valuation

  • Standard Deviation: 0.183
  • Valuation Date: Dec 07, 2022
  • Confidence Score: 76
  • Final Value: 713,115
  • High Value: 843,672
  • Low Value: 582,557

    Market Valuation

  • Market Total Value: $502,800
  • Market Land Value: $77,000
  • Market Improvement Value: $425,800

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $251,400
  • Assessed Land Value: $38,500
  • Assessed Improvements Value: $212,900

    Sales

  • Current Sale Contract Date: Apr 06, 2017
  • Current Sale Recording Date: Apr 12, 2017
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Nov 29, 2011
  • Previous Sale Contract Date: Nov 07, 2011
  • Previous Sale Amount: $340,000
  • Previous Sale Document Type: 27
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

Unit for rent at 822 Allegan Street, Saugatuck, MI, 49453

$2,750 /mo

  • 4 Beds
  • 2 Baths
  • 1,431 ft²
822 Allegan Street, Saugatuck, MI, 49453 Listing by Kinga Winiarska-Buijink


Frequently Asked Questions

When was property at 3255 Lake Trail Drive built and last sold?
The property at 3255 Lake Trail Drive was built in 2005 and last sold on Apr 6, 2017 for $480,000.
How much is this home worth?
The estimated value of the home located at 3255 Lake Trail Drive is $925,875.
What are some comparable homes to 3255 Lake Trail Drive?
There are currently no comparable homes to 3255 Lake Trail Drive.