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Grand Beach 49117
51101 Strauss Drive
$2,725,000
● House - Off Market

51101 Strauss Drive

New Buffalo, MI 49117
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,730 Ft²
$17,108
Est. Monthly
0.63%
Cap Rate

About This Property

Welcome friends and family to this resort style home on 1.236 acres in Grand Beach. One home off Lake Michigan, this impeccable up dated home is timeless perfection both on the interior and exterior. It has been recently renovated by Lloyd Thomas Homes with an open floor plan, gourmet kitchen, butlers pantry and top of the line appliances. Main floor spacious primary bedroom, bath and sun porch suite. Walk out level features three bedrooms, three full baths, work out facility, generous family room with kitchen and game room. The secluded 1.2 acres embraces lg heated pool, out door kitchen, hot tub, pergola with fireplace, TV & sports court for tennis & basketball. Peaceful grassed yard with patio is perfect for relaxing lake breezes. A compound for generations & a retreat for mind & soul.
Unit Size
4,730 Ft²
Days on Market
-
Land Size
1.24 acres
Price per sqft
$687
Property Type
House
Property Taxes
$1,149
HOA Dues
-
Year Built
1987

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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 #23019950)

Price History

Date / Event Date Event Price
May 15, 2024 Sold
Premium
Sold
Jun 2, 2023 Listed by Farley Real Estate, Inc. $3,250,000
Listed by Farley Real Estate, Inc.

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 1987
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 21
  • 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: 912
  • Parking Space Count: 4
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 53,840
  • Total Building Area: 3,068
  • Building Area: 3,068
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,068
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EIFFEL TOWER BLUFFS
  • Land Acres: 0000001236
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: LOT 5 & PT OF LOT 11 EIFFEL TOWER BLUFFS SD PT OF LOT 11 DESC AS COM AT NELY COR SD LOT 11 TH S55DEG26' 20''E 172.53'TH

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: 017-1
  • District: 39
  • Parcel: 39-2000-0005-01-9
  • Lot: 5,11
  • Municipality: NEW BUFFALO TWP
  • Latitude: 41.7806
  • Longitude: -86.7818

    Address

  • Full Address: 51101 Strauss Dr
  • Address - House Number: 51101
  • Address - Street Name: Strauss
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: New Buffalo
  • Carrier Code: R003
  • 4-Digit Zip Code: 8911
  • Zip Code: 49117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,242,247

    Appraisal Valuation

  • Standard Deviation: 0.2077
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 71
  • Final Value: 2,882,855
  • High Value: 3,481,867
  • Low Value: 2,283,844

    Market Valuation

  • Market Total Value: $2,156,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,078,400

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jan 11, 2006
  • Current Sale Recording Date: Jan 30, 2006
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Sep 27, 2002
  • Previous Sale Contract Date: Sep 27, 2002
  • Previous 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: Judith Dillon-Farley, Farley Real Estate, Inc.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23019950
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 51101 Strauss Drive built and last sold?
The property at 51101 Strauss Drive was built in 1987 and last sold on Jan 11, 2006 for $0.
How much is this home worth?
The estimated value of the home located at 51101 Strauss Drive is $0.
What are some comparable homes to 51101 Strauss Drive?
There are currently no comparable homes to 51101 Strauss Drive.
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