$1,699,000
●
House -
Off Market
7022 Waverland Path
Stevensville, MI 49127
5 Beds
5 Baths,
1
Half Bath
4,480 Ft²
$8,775
Est. Monthly
$67
HOA / Fees
2.52%
Cap Rate
About This Property
Lake Michigan retreat with fabulous views of Lake Michigan from
many rooms in the house. Imagine yourself waking up an looking out
the windows and seeing the waves of Lake Michigan or sitting in the
living room over looking the patio, relaxing reading a book in the
beach house or with your toes sunk in the sugar sand you can do all
of this enjoying your Lake Michigan home. All of the bedrooms are
en-suities including an apartment. The gourmet kitchen opens up to
the family room with custom built in cabinets and French doors. The
home boast 4,300 sq ft of wonderful living space including a second
4' stairway leading to the master suite and apartment. If
beach stairs aren't your thing, take Your golf cart or UTV down the
private road to the beach and launch watercraft at your leisure.
Unit Size
4,480 Ft²
Days on Market
-
Land Size
1.96 acres
Price per sqft
$379
Property Type
House
Property Taxes
$365
HOA Dues
$67
Year Built
1973
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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 #18039345)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 7, 2020 | No longer available | - | |
| No longer available | |||
| Apr 3, 2020 | Sold | ||
| Sold | |||
| Aug 10, 2019 | Price Decreased |
$1,289,000
↓ $110K
(7.9%) | |
| Price Decreased | |||
| Aug 1, 2019 | Price Decreased |
$1,399,000
↓ $100K
(6.7%) | |
| Price Decreased | |||
| Jul 15, 2019 | Listed | $1,499,000 | |
| Listed | |||
| | |||
|
PRICE REDUCED! ON LAKE MICHIGAN w/100' of your own sand beach! If you want privacy, then look no further. Few properties on Lake Michigan within 90 min of Chic have this kind of privacy. This property is at the end of a dead end road & backs up to wooded acreage galore of Grand Mere State Park. You can walk the long deserted stretch of the park's beach that others can only get to by boat or a long hike in. You owe it to yourself to view this 5 br, 5.5 bath home w/3 car garage; with lake views from many rooms. A brick patio and deck overlooks the lake and a charming beach house is just off the beach for the ultimate relaxation escape. There is also an apt w/ a separate entrance that can be rented out. This could be a profitable vacation rental, weekend lakehouse, or full time residence! The manager has listed the unit size as 4480 square feet.
| |||
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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 Berrien
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Listed by: Wendy Ryder, Coldwell Banker Woodland Schmidt
Last Updated: 2 years ago
Data Source: MichRIC, MLS# 18039345
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# 18039345
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