51113 Main Drive
About This Property
Completely renovated down to the studs, the home captures the essence of relaxed lakeside living with warm, inviting interiors and multiple spaces designed for both entertaining and quiet escape. The main-level primary suite features private deck access and direct entry to the pool, creating a seamless indoor-outdoor experience. From several rooms throughout the home, you'll enjoy views of Lake Michigan, adding to the tranquil ambiance and connection to the shoreline.
Multiple living areas-including a cozy lower-level lounge and a separate entertainment space with a ping pong table-provide flexibility for gatherings of all sizes. The open-concept kitchen flows effortlessly to a large deck with a built-in firepit, perfect for hosting summer dinners or enjoying cool evenings under the stars.
The property also includes a spacious three-car garage, a well-appointed mudroom with dual washer and dryers, and generous storage throughout. Whether you're seeking a personal escape or a full time home, this Grand Beach property offers a rare combination of location, scale, and timeless lakeside charm just steps from the shores of Lake Michigan.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Oct 31, 2025 | Sold | ||
| Sold | |||
| Oct 4, 2025 | In contract | - | |
| In contract | |||
| Sep 26, 2025 | Listed by Coldwell Banker Realty | $1,549,000 | |
| Listed by Coldwell Banker Realty | |||
| Feb 11, 2019 | Sold | ||
| Sold | |||
| Feb 24, 2017 | Listed by Farley Real Estate, Inc. | $590,000 | |
| Listed by Farley Real Estate, Inc. | |||
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Delightful, ready for summer beach house in Grand Beach. Freshly painted pottery barn feel, just 1 1/2 blocks to beach access! Tennis, golf, children's playground, and rides on the golf cart! Ideal entertaining venue with large heated pool, huge patio off kitchen, views of Lake Michigan, 4 bdrms 3 1/2,baths. Master on Main with large full bath. 3 car garage & finished lower level. open floor plan with fireplace. Invite the friends and family, room and fun for all. large lot Get away to that easy summer feeling.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017