3465 Palmer Drive
About This Property
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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 |
|---|---|---|---|
| Apr 30, 2026 | Sold | ||
| Sold | |||
| Mar 19, 2026 | In contract | - | |
| In contract | |||
| Mar 9, 2026 | Listed by BHG Connections | $1,060,000 | |
| Listed by BHG Connections | |||
| Jan 7, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 24, 2025 | Listed by BHG Connections | $1,060,000 | |
| Listed by BHG Connections | |||
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Modern Elegance on the Fairway — 3465 Palmer Drive, Saugatuck, MI
Situated along the seventh hole of the prestigious Ravines Golf Course, this striking modern residence captures the perfect balance of luxury and sophistication. Just two and a half years old, the home showcases cutting-edge design with clean lines, a flat roof, and beautiful wood lap siding that complements its natural surroundings.
Step inside to discover soaring high ceilings and expansive commercial-grade, floor-to-ceiling Pella windows that flood the living spaces with natural light and offer stunning views of the woods . The open-concept layout features a gas fireplace, custom-built cabinetry, and solid surface countertops throughout, exuding contemporary warmth and craftsmanship.
The chef-inspired kitchen boasts Ilforno appliances and custom cabinetry, creating a sleek and functional space perfect for entertaining or intimate dinners at home. Additional highlights include forced-air heating and cooling, underground sprinkling, a three-stall garage providing ample room for vehicles and storage, an association pool and access to the Ravines golf course club house and golf course. Built for today's modern lifestyle, this exceptional home combines timeless design with comfort and efficiency all within a few miles of Saugatuck's shops, restaurants and beaches.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017