560 Mill Street
About This Property
Climb aboard the local chain ferry, operating since 1857, and glide across the Kalamazoo river to visit the world-renowned Oval Beach, which has earned its praise as one of the top 25 beaches in the world by Conde Nast Traveler, and Top 5 beaches in the United States by MTV. Explore Broadway-caliber shows and events offered at the Saugatuck Center for the Arts or enjoy the finest cuisine and shopping that the lakeshore has to offer. Saugatuck offers a plethora activities ensuring unmatched fun and relaxation for every lifestyle.
With vistas of the preserve and the soothing sound of your babbling brook, you'll feel a world away in this sanctuary with instant access to all of downtown's treasured amenities. Every inch of this home has been thoughtfully redesigned, featuring luxurious upgrades and style that dreams are made of.
Indulge in the ultimate luxury experience with amenities such as a convenient dog wash in the laundry room with an exterior turf run for your furry companion, a detached guest suite complete with a dry bar and full bathroom for ultimate guest satisfaction, and a rear courtyard enhanced by an outdoor kitchen, dining table and lounge area arranged thoughtfully to provide the backdrop to cook-outs and long nights under the stars making memories with those you love the most. Your picturesque retreat awaits you here in downtown Saugatuck.
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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 |
|---|---|---|---|
| Aug 21, 2024 | Sold | ||
| Sold | |||
| Jul 31, 2024 | In contract | - | |
| In contract | |||
| May 23, 2024 | Listed by Beacon Sotheby's International Realty | $1,650,000 | |
| Listed by Beacon Sotheby's International Realty | |||
| Aug 30, 2022 | Sold | ||
| Sold | |||
| Aug 29, 2022 | Listed by Beacon Sotheby's International Realty | $1,167,500 | |
| Listed by Beacon Sotheby's International Realty | |||
| | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017