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New Buffalo 49117
606 Lake Drive
$1,900,000
● House - Off Market

606 Lake Drive

New Buffalo, MI 49117
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,418 Ft²
$2,235,965
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

With 95 feet of Lake Michigan frontage, this updated California-style ranch home is 5-minutes from the marina, restaurants, bars, and shops. The views from this home are spectacular! This well-appointed beach house has three bedrooms and 2.5 baths & includes many innovative features for easy living. Complete with a new seawall constructed in 2021, washer/dryer, HVAC, irrigation system, & new garage doors. The significant lower level can be enjoyed as a quiet retreat or a fun game room. The expansive lakeside deck includes an area for dining, relaxing, & grilling while enjoying the incredible views of the lake & our legendary Michigan sunsets. Store your toys in the pristine 2 car garage. Room for a pool, fire pit, or enjoy the backyard's lush lawn for games. Book your tour today.
Unit Size
2,418 Ft²
Days on Market
-
Land Size
0.32 acres
Price per sqft
$931
Property Type
House
Property Taxes
$492
HOA Dues
-
Year Built
1959

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Cap Rate Calculator

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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: 3 years ago (MichRIC MLS #23004234)

Price History

Date / Event Date Event Price
Sep 29, 2023 Sold
Premium
Sold
Feb 10, 2023 Listed by @properties Christie's International R.E. $2,250,000
Listed by @properties Christie's International R.E.

Property Highlights

Air Conditioning
Fireplace
Garage

Building Info

Overview

    General

  • Year Built: 1959
  • Effective Year Built: 1959
  • Building Count: 1
  • Bedroom Count: 0
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 880
  • Garage Type: 7
  • Garage Square Area: 572
  • Parking Space Count: 2
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,282
  • Lot Size Depth Feet: 1,610
  • Lot Size Frontage Feet: 700
  • Total Building Area: 1,312
  • Building Area: 1,312
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,312
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: SD PLAT
  • Land Acres: 0000000259
  • Standard Land Use Code: 1001
  • County Land Use Code: 401
  • Legal Description 1: ENTIRE LOT 25 & THE SW1/2 OF LOT 26 SUNSET SHORES NO 2 ALSO THAT PART OF LOT 24 OF SD PLAT COM AT SW COR OF LOT 25 TH

Neighborhood

  • School District Name: New Buffalo Area School District
  • School Tax School District: NEW BUFFALO
  • Census Tract: 011302

Zoning

  • Zoning: R-1

Geography

  • Assessors Map Reference: 009-2
  • District: 62
  • Parcel: 62-7210-0025-00-8
  • Lot: 24-26
  • Municipality: NEW BUFFALO CITY
  • Latitude: 41.7966
  • Longitude: -86.7545

    Address

  • Full Address: 606 Lake Dr
  • Address - House Number: 606
  • Address - Street Name: Lake
  • Address - Suffix Type: Dr
  • State: MI
  • City Name: New Buffalo
  • Carrier Code: C002
  • 4-Digit Zip Code: 1029
  • Zip Code: 49117

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $620,304
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.2443
  • Valuation Date: Nov 08, 2023
  • Confidence Score: 65
  • Final Value: 1,391,192
  • High Value: 1,731,085
  • Low Value: 1,051,299

    Market Valuation

  • Market Total Value: $923,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $461,500
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 New Buffalo

Stats & Trends

Median Asking:

$590,000

Sale Price/ft²

$411

Below Asking

0.02%

Average Days on Market

52

Average Home Size

1889 ft²

Average Home Age

67.3 years

Currently For Sale

32 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

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MichRIC

Listed by: Elizabeth Roch, @properties Christie's International R.E.
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23004234
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 606 Lake Drive built and last sold?
The property at 606 Lake Drive was built in 1959 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 606 Lake Drive is $0.
What are some comparable homes to 606 Lake Drive?
There are currently no comparable homes to 606 Lake Drive.
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