$730,000
●
House -
Off Market
48305 Reitz Place
New Buffalo, MI 49117
3 Beds
2 Baths
2,163 Ft²
$724,796
RealtyHop Estimate
11.51%
Since Dec 1, 2021
National-US
Primary Model
About This Property
Wow! What an awesome transformation of an original Grand Beach
cottage. Completely rebuilt in 2017, everything from the ground up
has been redone. Situated on a large, sun filtered lot backing to
Grand Beach Golf Course. Private and tranquil, this cottage
epitomizes the Michigan lifestyle you deserve. Drive your golf cart
for a round of golf or to the beach for an afternoon of lake fun.
Evenings around the firepit are sure to create fond family
memories. Spacious living room with wall of windows to enjoy the
golf view with fireplace AND a lower-level family room, all new
kitchen appliances, 2nd floor deck with natural gas grill, ground
floor patio, no mow fescue lawn, lush landscape and more all add to
the casual, carefree living this home affords. Change your
weekends! Come, see it today.
Unit Size
2,163 Ft²
Days on Market
-
Land Size
0.34 acres
Price per sqft
$301
Property Type
House
Property Taxes
$361
HOA Dues
-
Year Built
2017
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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: 2 years ago (MichRIC MLS #21104962)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 15, 2021 | Sold | ||
| Sold | |||
| Sep 9, 2021 | Listed by Coldwell Banker Realty | $650,000 | |
| Listed by Coldwell Banker Realty | |||
| Jul 29, 2019 | Sold | ||
| Sold | |||
| Jul 24, 2018 | Listed by Farley Real Estate, Inc. | $469,000 | |
| Listed by Farley Real Estate, Inc. | |||
| | |||
|
The perfect cottage style home with sweepings views of the Grand Beach Golf Course. This delightful totally renovated home feels like new, from the foundation through the roof. Everything that you need and nothing that you don't !! Three bedrooms and two full baths with marble subway tiles and a bright airy feeling. Walk out family room to fire pit and patio. New kitchen with window lined nook for cozy meals and spacious dining area to entertain the whole group. Gas fireplace will enhance the cooler days and evenings. Decks and installed electrical will welcome a hot tub. Private deeded beach rights, tennis, playground, several beaches & golf course will make this golf cart community feel like vacation every day. Designed by Heidi Horniday this will be a place you do not want to leave.
| |||
| Apr 26, 2017 | Sold | ||
| Sold | |||
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Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Grand Beach
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Listed by: Cathy Smith, Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 21104962
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# 21104962
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