For Sale
For Rent
Blog
Property Records
Schools
SEARCH
Property Records
For Sale
For Rent
MORE
Blog
Schools
See Home Value
Grand Beach 49117
48303 Reitz Place
$656,000
● House - Off Market

48303 Reitz Place

New Buffalo, MI 49117
bedrooms
4 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
5,194 Ft²
$1,003,326
RealtyHop Estimate
44.36%
Since Mar 1, 2020
National-US
Primary Model

About This Property

Quality Grand Beach Home near the Third Fairway of the Grand Beach Golf Course.  Open floor plan with In-Ground Heated Pool, Sauna and Hot Tub and all the amenities you would expect in such a home.

Custom Kitchen including a AFA Stove, Sub Zero Refrigerator and Freezer Drawers.  Custom Cabinetry and Granite Counter Tops.  Home boasts three Fireplaces, Screened in Porch, Luxurious Master and Bath and so much more!

Make this Grand Beach Classic your Own!!!
Unit Size
5,194 Ft²
Days on Market
-
Land Size
0.37 acres
Price per sqft
$134
Property Type
House
Property Taxes
$1,214
HOA Dues
-
Year Built
1997

Payment Calculator

Home Price
Down Payment
%
Loan Term
Interest %

Your Estimated Monthly Payment

Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:

Cap Rate Calculator

Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate 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: 3 years ago (MichRIC MLS #20000887)

Price History

Date / Event Date Event Price
Feb 28, 2020 Sold
Premium
Sold
Jan 7, 2020 Listed by Keller Williams Realty SWM $695,000
Listed by Keller Williams Realty SWM
Oct 29, 2004 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Garage Square Area: 600
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 15,551
  • Total Building Area: 2,812
  • Building Area: 2,812
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,812
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: THE FIFTEEN ACRES OF GRAND BEACH
  • Land Acres: 0000000357
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 9 THE FIFTEEN ACRES OF GRAND BEACH

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: 019-2
  • District: 39
  • Parcel: 39-7500-0009-00-5
  • Lot: 9
  • Municipality: NEW BUFFALO TWP
  • Latitude: 41.7701
  • Longitude: -86.7915

    Address

  • Full Address: 48303 Reitz Pl
  • Legal Unit: 9
  • Address - House Number: 48303
  • Address - Street Name: Reitz
  • Address - Suffix Type: Pl
  • State: MI
  • City Name: New Buffalo
  • Carrier Code: R001
  • 4-Digit Zip Code: 8900
  • Zip Code: 49117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,053,401

    Appraisal Valuation

  • Standard Deviation: 0.2443
  • Valuation Date: Nov 03, 2023
  • Confidence Score: 65
  • Final Value: 1,024,311
  • High Value: 1,274,569
  • Low Value: 774,053

    Market Valuation

  • Market Total Value: $1,229,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $614,900

    Sales

  • Current Sale Contract Date: Oct 05, 2007
  • Current Sale Recording Date: Oct 18, 2007
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 29, 2004
  • Previous Sale Contract Date: Oct 08, 2004
  • Previous Sale Amount: $860,000
  • Previous Sale Document Type: 71
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

Click here to view more rentals in the neighborhood.
MichRIC

Listed by: John B Larkin, Keller Williams Realty SWM
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 20000887
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 48303 Reitz Place built and last sold?
The property at 48303 Reitz Place was built in 1997 and last sold on Oct 5, 2007 for $0.
How much is this home worth?
The estimated value of the home located at 48303 Reitz Place is $0.
What are some comparable homes to 48303 Reitz Place?
There are currently no comparable homes to 48303 Reitz Place.
Recent Neighborhood News
Haunted NYC Real Estate: 6 Spooky Stories Behind the Addresses
Lake House Prices Near NYC in 2026: What Waterfront Actually Costs (Labor Day Buyer's Guide)
9 New York City Seafood and Raw Bars
Why Some NYC Tenement Apartments Had Bathtubs in the Kitchen
Popular Searches
New Buffalo Homes for Sale
New Buffalo Houses for Sale
New Buffalo Condos for Sale
New Buffalo Land for Sale
New Buffalo Commercial for Sale
New Buffalo Homes with Basements
New Buffalo Homes with Pools
New Buffalo Homes with Parking
Nearby Cities
Michigan City Homes for Sale
Shorewood-Tower Hills-Harbert Homes for Sale
Three Oaks Homes for Sale
Grand Beach Homes for Sale
Long Beach Homes for Sale
Michiana Homes for Sale
Galien Homes for Sale
New Carlisle Homes for Sale
Nearby Property Records
Berrien County, MI Property Records
LaPorte County, IN Property Records
St. Joseph County, IN Property Records
Porter County, IN Property Records
Starke County, IN Property Records
Lake County, IN Property Records
Cass County, MI Property Records
Marshall County, IN Property Records
Nearby Counties
Michigan Homes for Sale
Chikaming Homes for Sale
Three Oaks Homes for Sale
Springfield Homes for Sale
Weesaw Homes for Sale
Galien Homes for Sale
Galena Homes for Sale
Hudson Homes for Sale
Top Real Estate Agents
Top Agents in New Buffalo
Top Agents in 49117
Top Agents in Michigan
Top Agents in Michigan City
Top Agents in Chikaming
Top Agents in 49128
Top Agents in Shorewood-Tower Hills-Harbert
Top Agents in 49125