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Grand Beach 49117
48003 Ridge Road
$1,390,000
● House - Off Market

48003 Ridge Road

New Buffalo, MI 49117
bedrooms
4 Beds
bathrooms
4 Baths
square feet
3,264 Ft²
$1,564,379
RealtyHop Estimate
12.55%
Since Nov 1, 2021
National-US
Primary Model

About This Property

Midcentury LAKEFRONT-POOL HOUSE in the Village of Grand Beach! This 4 bedroom, 4 bath, midcentury ranch still has its vintage charm with unbelievable LAKE MICHINGAN views from most rooms. The living room features a limestone fireplace and a wall of glass bringing the outside in. A 2nd limestone fireplace in in the lower family area with a bedroom and full bath perfect for guest.  The outdoor bonus feature is the cool cabana that opens to the grilling/sunning deck-hangout next to the pool with million-dollar lake views and sunsets. The property is 1 home away from the new beach stairs. And yes... there is a beach! This is an amazing beach house opportunity and would be a great VACATION RENTAL!  $1,390,000
Unit Size
3,264 Ft²
Days on Market
-
Land Size
0.67 acres
Price per sqft
$426
Property Type
House
Property Taxes
$1,798
HOA Dues
-
Year Built
1964

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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.

Last updated: 3 years ago (MichRIC MLS #21105430)

Price History

Date / Event Date Event Price
Oct 22, 2021 Sold
Premium
Sold
Sep 12, 2021 Listed by RE/MAX Harbor Country $1,390,000
Listed by RE/MAX Harbor Country
Sep 27, 1979 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1964
  • Effective Year Built: 1964
  • Building Count: 1
  • Bedroom Count: 1
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 1,624
  • Garage Type: 7
  • Garage Square Area: 324
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 28,706
  • Lot Size Depth Feet: 2,930
  • Lot Size Frontage Feet: 980
  • Total Building Area: 1,624
  • Building Area: 1,624
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,624
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: RIDGE ADD
  • Land Acres: 0000000659
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: RIDGE ADD TO GRAND BEACH SPRINGS LOTS 12,13 & 15 & NWLY 19.8' OF LOT 16 & THAT PRT OF VACATED LAKEVIEW AVE LYING NWLY OF SD

Neighborhood

  • School District Name: New Buffalo Area School District
  • School Tax School District: NEW BUFFALO
  • Census Tract: 011302

Zoning

  • Zoning: SELECTZONI

Geography

  • Assessors Map Reference: 018-3
  • District: 39
  • Parcel: 39-6750-0012-00-0
  • Lot: 12-16
  • Municipality: NEW BUFFALO TWP
  • Latitude: 41.7748
  • Longitude: -86.7945

    Address

  • Full Address: 48003 Ridge Rd
  • Address - House Number: 48003
  • Address - Street Name: Ridge
  • Address - Suffix Type: Rd
  • State: MI
  • City Name: New Buffalo
  • Carrier Code: R001
  • 4-Digit Zip Code: 9306
  • Zip Code: 49117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,616,989
  • Initial Tax Delinquent Year: 2022

    Appraisal Valuation

  • Standard Deviation: 0.2437
  • Valuation Date: Nov 29, 2023
  • Confidence Score: 65
  • Final Value: 1,544,234
  • High Value: 1,920,705
  • Low Value: 1,167,763

    Market Valuation

  • Market Total Value: $1,152,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $576,000

    Sales

  • Current Sale Contract Date: Sep 27, 1979
  • Current Sale Recording Date: Sep 27, 1979
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

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

About Grand Beach

Stats & Trends

Median Asking:

$1,499,000

Sale Price/ft²

$482

Below Asking

0.03%

Average Days on Market

79

Average Home Size

4132 ft²

Average Home Age

23.5 years

Currently For Sale

4 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

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MichRIC

Listed by: Thomas R Hemingway, RE/MAX Harbor Country
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21105430
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.

Frequently Asked Questions

When was property at 48003 Ridge Road built and last sold?
The property at 48003 Ridge Road was built in 1964 and last sold on Sep 27, 1979 for $137,500.
How much is this home worth?
The estimated value of the home located at 48003 Ridge Road is $0.
What are some comparable homes to 48003 Ridge Road?
There are currently no comparable homes to 48003 Ridge Road.
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