$975,000
●
House -
Off Market
3464 Palmer Drive
Saugatuck, MI 49453
4 Beds
3 Baths
5,939 Ft²
$6,075
Est. Monthly
$113
HOA / Fees
1.37%
Cap Rate
About This Property
Luxury Golf Course Living in Saugatuck!
Discover unparalleled luxury in this 5,939 sq. ft. ranch, crafted by award-winning Zahn Builders. Set on the 11th fairway of the Ravines Golf Course, designed by Arnold Palmer, this home offers spectacular views and premier amenities. The gourmet kitchen, with new dishwasher and garbage disposal, features granite countertops and an expansive island, ideal for entertaining. The main floor primary suite includes his-and-her walk-in closets, a whirlpool tub, and a glass walk-in shower. Enjoy outdoor living on the screened 3-season porch and adjacent deck perfect for grilling. The fully finished lower level includes a second kitchen, family room, two bedrooms, and a fitness room. MORE... Dual-zone climate control with two air conditioners and furnaces ensures comfort year-round. Located minutes from Saugatuck's vibrant arts scene, shopping, and restaurants, this is the ultimate retreat!
Discover unparalleled luxury in this 5,939 sq. ft. ranch, crafted by award-winning Zahn Builders. Set on the 11th fairway of the Ravines Golf Course, designed by Arnold Palmer, this home offers spectacular views and premier amenities. The gourmet kitchen, with new dishwasher and garbage disposal, features granite countertops and an expansive island, ideal for entertaining. The main floor primary suite includes his-and-her walk-in closets, a whirlpool tub, and a glass walk-in shower. Enjoy outdoor living on the screened 3-season porch and adjacent deck perfect for grilling. The fully finished lower level includes a second kitchen, family room, two bedrooms, and a fitness room. MORE... Dual-zone climate control with two air conditioners and furnaces ensures comfort year-round. Located minutes from Saugatuck's vibrant arts scene, shopping, and restaurants, this is the ultimate retreat!
Unit Size
5,939 Ft²
Days on Market
-
Land Size
0.77 acres
Price per sqft
$173
Property Type
House
Property Taxes
$909
HOA Dues
$113
Year Built
2003
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100% Occupancy
N/A (extreme outlier) 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.
Last updated: 2 years ago (MichRIC MLS #24054114)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 24, 2025 | Sold | ||
| Sold | |||
| Jan 15, 2025 | In contract | - | |
| In contract | |||
| Oct 14, 2024 | Listed by CENTURY 21 Affiliated | $1,029,000 | |
| Listed by CENTURY 21 Affiliated | |||
| Dec 8, 2017 | Sold | ||
| Sold | |||
| Jul 30, 2017 | Listed | $699,900 | |
| Listed | |||
| | |||
|
Magnificent home built by award winning Zahn Builders, overlooking the 11th fairway of The Ravines Golf Course, an Arnold Palmer signature course. 4 bedroom, 3 bath with over 5800 square feet of living space featuring trayed ceilings on the main level, 9' ceilings in the lower level, fine wood craftsmanship, crown molding, a stunning stone fireplace in the living room, skylights, granite countertops in the kitchen, subzero refrigerator, and plenty of storage. Large cedar screened in porch with lovely views of the outdoors. Master bedroom suite features his and hers closets, whirlpool tub, and tiled glass shower. Walk out Lower level includes a second kitchen, large living room with movie theatre and fireplace, craft room, fitness room, and 2 bedrooms. You must tour and walk theThe manager has listed the unit size as 5939 square feet.
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About Allegan
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Listed by: Tammy L Kerr, CENTURY 21 Affiliated
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24054114
Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 24054114
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