Van Buren
79994 Ramblewood Drive
$375,000
●
House -
Off Market
79994 Ramblewood Drive
Covert, MI 49043
3 Beds
3 Baths,
1
Half Bath
1,626 Ft²
$526,520
RealtyHop Estimate
17.00%
Since Jul 1, 2021
National-US
Primary Model
About This Property
Stunning Cottage in Lake Michigan Resort Community, Palisades Park
Country Club, with Lake Michigan water views & association
beachfront. Enter to find the reclaimed barnwood interior with
hand-hewn wood beams amongst the cathedral ceilings & skylights.
This open floor plan offers panoramic lake views and a double sided
wood burning fireplace. The newer lower level features 3 bedrooms
including a master suite and laundry area. Host large gatherings on
the spacious decks under a canopy of trees. Enjoy all of the
activities this historic resort offers such as the youth tennis
program, kids clubhouse, soda bar, ethic dinner, nature trails,
pickleball & more. Perfect for your next vacation home, or
investment property with weekly rental possibilities. Great
location between South Haven & St Joseph. Near Van Buren State
Park, North Point County Park & the Kal-Haven Trail!
Unit Size
1,626 Ft²
Days on Market
-
Land Size
0.07 acres
Price per sqft
$277
Property Type
House
Property Taxes
$260
HOA Dues
$226
Year Built
-
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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 #21008802)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| May 17, 2024 | Sold | ||
| Sold | |||
| May 1, 2024 | Listed by Jaqua Realtors | $595,000 | |
| Listed by Jaqua Realtors | |||
| | |||
|
Stunning cottage in Lake Michigan Resort Community, Palisades Park Country Club (PPCC) with Lake Michigan water views & association beachfront. Enter to find the reclaimed barnwood interior with hand-hewn wood beams amongst the cathedral ceilings & skylights. This open floor plan offers panoramic lake views and a double sided wood burning fireplace. The newer lower level features 3 bedrooms including a master suite and laundry area. Restored to last, this home has a new foundation, all new windows and a new wrap around deck. Kitchen and bathrooms boast all new shaker cabinetry, new appliances and more. This unique home sits on a bluff overlooking Lake Michigan with direct access to beaches and boardwalks. PPCC is a sought-after private gated community near South Haven, featuring amenities such as pickleball courts, a kids club, and nature trails, to name just a few. Nestled in the woods and on the water, this Michigan lake house is the perfect getaway. Fully furnished, this home is move-in ready for you to enjoy this summer! Schedule your showing today. Instagram @michigan.lake.house
| |||
| Jun 23, 2021 | Sold | ||
| Sold | |||
| Mar 20, 2021 | Listed by Jaqua Realtors | $450,000 | |
| Listed by Jaqua Realtors | |||
| Jan 17, 2021 | No longer available | - | |
| No longer available | |||
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Property Highlights
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Van Buren
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Listed by: Christine Norland, Jaqua Realtors
Last Updated: 3 years ago
Data Source: MichRIC, MLS# 21008802
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: 3 years ago
Data Source: MichRIC, MLS# 21008802
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