real estate market update - summer 2010
DESCRIPTION
Michigan Lakefront Property and Michigan Recreational Real Estate for Sale. Featuring some of Michigan's premier waterfront, Gull Lake Real Estate, and other desireable 'lifestyle' properties.TRANSCRIPT
REAL ESTATE UPDATE LAKE TO LAKE REALTY
VOLUME I—2010
GULL LAKE
This spectacular contemporary Gull Lake home is designed for family
and entertaining. The main level includes a maintenance free deck that
overlooks some of the finest Gull Lake shoreline. Gull Lake is one of
Southwest Michigan’s largest inland lakes at 2,050 acres of water and
up to 110 feet deep, this lake offers all-sports lake living at its best.
The spacious kitchen, living and dining areas and adjacent screened-in
porch share a fantastic vista of the full length and breadth of Gull Lake.
The lakeside master suite is complemented by a luxurious bath and
huge walk-in closet. A circle driveway accesses an additional 4 car ga-
rage and provides abundant off-street parking.
BEACH FRONTAGE: 56 Feet
BED/BATH: 6 / 5
SQUARE FEET: 4000
LOT SIZE: 0.85 ACRES
PRICE: $1,535,000
ID#: 20111
As seen in:
DuPont Registry,
United Country Coastal Magazine &
Northern Indiana Lakes Magazine
CONTACT: Jane Carpenter
(269) 568-1800
15519 S M-43 Hwy, Hickory Corners, MI
www.UC Lake to Lake.com www.Gull Lake Realty.com
E-Mail: [email protected] Office: (269) 629-4947 Toll Free: (866) 670-4100
FEATURED PROPERTIES
2 REAL ESTATE UPDATE
Lake Michigan ‘Manistique Shores’ — Manistique, Upper Peninsula An opportunity to own an incredible property such as this is rare indeed! 9,000 feet of Lake Michigan shoreline and 214 undeveloped acres near Manistique, Michigan. At the center of this amazing property is one of the most private sandy bays you will find anywhere on Lake Michigan. Some areas of the shoreline feature large rocky shelves, rocky points, and vast sandy beaches. This is a premiere location for an exclusive estate, family compound, or for the devel-opment of multiple estate-sized building sites. Located just a few miles from the Manistique airport, this property is accessible year round from anywhere in the world!
www.ManistiqueShores.com
CONTACT: David Kreager (269) 629-4947
‘Northern Shores of Pt Detour’ — Garden Peninsula, Upper Penin-
LAKE FRONTAGE: 4,730 Ft ACREAGE: 182
PRICE: $1,275,000 ID #: 00100
As seen in: United Country Coastal Magazine
The hallmark of this home is its large centrally located Kirshman designed gourmet kitchen! Entertaining made easy with the large lakeside great room with fireplace and conservatory for dining. The Beautiful wood finishes accent this distinguished home. A great ‘Home Away From Home’ getaway on the Beautiful Gull Lake.
1256 Burlington Drive, Hickory Corners
As seen in: United Country Coastal Magazine, Northern Indiana Lakes Magazine, & DuPont Registry LAKE FRONTAGE: 50 FT SANDY SHORELINE SQ FT: 1808 BEDS: 3 BATHS: 2 PRICE: $830,000 ID #: 17680
Jane Carpenter (269) 568-1800
Gull Lake Market Data
Gull Lake Kalamazoo & Barry Counties, MI Water Surface Area: 2050 Acres
Depth: 110 Ft Max
Gull Lake
LAKE FRONTAGE: 9,000 Ft ACREAGE: 215
PRICE: $6,395,000 ID #: 00200
As seen in: Chicago Tribune, The Wall Street Journal &
United Country Coastal Magazine
This property is surrounded by State land on Garden Peninsula, which extends into Lake Michigan 30 miles offering exceptional lakefront property for and exclusive estate, residen-tial development, or retreat. Located west of Manistique MI along the east coast of the Garden Peninsula.
CONTACT: David Kreager (269) 629-4947
Year # of
Sales
Avg. Days on Market
Avg. Waterfront
Foot Avg. Sale
Price High Sale
Price Low Sale
Price Median Sale
Price
2005 12 46 75 $986,104 $2,530,000 $357,000 $918,625
2006 21 43 121 $1,375,381 $3,100,000 $300,000 $1,310,000
2007 13 115 98 $931,154 $2,200,000 $230,000 $750,000
2008 11 126 68 $861,718 $2,156,250 $325,000 $740,000
2009 10 109 142 $781,490 $1,920,000 $337,000 $700,000
Source of all data is the Southwest Michigan Multiple Listing Service. Information is deemed reliable but not guaranteed.
Contact United Country—Lake to Lake Realty for more information. © 2010 Lake to Lake Realty
3
WATERFRONT PROPERTIES
Lake Michigan
SQUARE FT: 5127 BEDS: 6 BATHS: 6
PRICE: $825,000 ID #: 08126
As seen in:
DuPont Registry &
Northern Indiana Lakes
Magazine
76667 11th Avenue, South Haven Breathtaking bluff views of Lake Michigan from this ex-pansive home built in 2000, with 2.7 acres and in-ground pool. Home features wrap around porch, hickory hard-wood flooring, crown molding, fireplace in the library and built in speakers. Just south of the city of South Haven.
63203 Walnut Rd., Vandalia
LAKEFRONT: 100 FT ON BIRCH LAKE
BEDS: 2 BATHS: 1 ACRES: 2
PRICE: $525,000 ID #: 23009
Cozy cottage on 2 acres and 100 feet frontage of beautiful Birch Lake. Additional 2 acre parcel with an additional 100 feet frontage available as separate purchase. Located just 2 hrs North of Chicago!
1834 Morning Glory Street, Fennville
LAKEFRONT: 75 FEET SANDY BEACHES ON LAKE MICHIGAN
SQUARE FT: 880 BED / BATH: 2 / 1
PRICE: $649,900 ID #: 22296
As seen in: The Chicago Tribune & The Detroit News
CONTACT: Jane Carpenter
(269) 568-1800
Southwest Michigan Lakefront Data
Birch Lake
CONTACT: Sheryl Slezak
(269) 207-0814
Turn key cottage on Wilkinson Lake—low maintenance and 66 feet of
sandy frontage on this 127 acre all-sports lake. Home has new roof,
windows, well, interior remodeling including electrical, plumbing, insu-
lation, and drywall.
SQUARE FT: 920 BEDS: 2 BATHS: 1
PRICE: $124,900 ID #: 23634
CONTACT: Joe Lukeman (269) 598-6567
7 Oak Openings, Delton
2005 96 143 109 $442,827 $1,650,000 $75,000 $362,500
2006 96 105 92 $431,921 $1,700,000 $56,500 $357,500
2007 80 130 91 $507,616 $4,400,000 $32,000 $355,000
2008 56 163 101 $499,461 $1,269,000 $112,500 $408,000
2009 51 197 92 $430,172 $1,630,000 $83,300 $350,000
Year # of
Sales
Avg. Days on Market
Avg. Waterfront
Foot Avg. Sale
Price High Sale
Price Low Sale
Price Median Sale
Price
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CONTACT: Joe Lukeman
(269) 598-6567
Data reflects properties located on a selection of Southwest Michigan lakes. Source of all data is the Southwest Michigan
Multiple Listing Service. Information is deemed reliable but not guaranteed. Contact United Country—Lake to Lake Realty
for more information. © 2010 Lake to Lake Realty
4 REAL ESTATE UPDATE
WATERFRONT & LIFESTYLE COMMUNITIES
Indian Lake 1187N Oak St., Manistique, MI
Lake Chapin Drive, Berrien Springs
LAKE FRONTAGE: Access to 120' Private Beach
SQUARE FEET: 1300 - 3100
PRICE RANGE: $390,000—$856,000
ID #: 21412
Southwest Michigan’s Newest and Finest Homes are found along Lake Chapin at Lake Chapin Shores. Choose one of 21 sites located on this 28 acre development located in the chic & charming wine coun-
try of southwest Michigan. Models under construction, buy now and choose your finishes. All homes have lake access, an association beach, pool, pool house & pier.
SQUARE FT: 4932
BEDS: 4 BATHS: 3
PRICE: $459,000
ID #: 21935
This lakefront home is ideal, with 105 feet on 8,200 acre Indian Lake, just outside of Ma-nistique, Michigan. This 4,600 square foot home offers tremendous versatility. The pri-mary living space and spectacular lake views are all on one floor. Additional living space and kitchen on the walk out level. Indian Lake offers all-sports lake living, great walleye and perch fishing, and the area attracts wildlife and promotes nature all around. Call for more details on this great summer retreat or year-around home.
10 Home sites in an exclusive residential development.
RIVER FRONTAGE: St. Joseph River ACREAGE: 2.75—40
PRICE RANGE: $159,000—$395,000 ID #: 22246
CONTACT: Dave Kreager
(269) 629-4947
Red Bud Trail, Buchanan St. Joe’s Riverbend Landings
CONTACT: Dave Kreager
(269) 629-4947
7436 Washington, South Haven
Turn key investment, summer cottage, or year-around home just 300 steps to the sandy beaches of Lake Michigan. Casco Town-ship taxes, consistent income history, and low maintenance. Seller financing. Call for details.
BEDS: 2+ BATHS: 1 SQUARE FT: 1370
PRICE: $197,000 ID #: 23605
CONTACT: Dave Kreager
(269) 629-4947
Lake Chapin Shores
CONTACT: Dave Kreager
(269) 629-4947
South Haven
Consider Lake to Lake Realty to Represent Your ‘Lifestyle’ property! Out-of-town buyers find us (www.GullLakeRealty.com) when they search on the internet:
Gull Lake Real Estate #1 Gull Lake Homes #1 SW Michigan Golf Property #1 Gull Lake Property #1 SW Michigan Lake Real Estate #2 SW Michigan Equine Property #1 SW Michigan Log Homes #4 Southwest Michigan Lake Property #2 Gull Lake Golf Property #1
Note: Results shown reflect the results of an internet ‘Google’ search performed in June 2010.
5
LOG HOMES
Pine Lake 12465 Merlau Ave., Plainwell, MI
Custom built D-Log walkout on 3.2 acres of private, wooded lakefront. Enjoy the lake views from the wrap-around deck, 3 season room or the hot-tub under the covered patio. The separate out building is an ideal wood working shop or art studio.
CONTACT: Mike Hutchinson
(269) 599-1045
PRICE: $449,000 BEDS: 2 BATHS: 3
SQUARE FT: 2400 ID #: 17599
As Seen in: United Country Coastal Magazine
Custom Log Home or Retreat 6666 Bunker Hill, Williamsburg, MI
Craftsman quality built log home. This one of a kind home was built by a master woodworker using the red pine grown on the property.
ACREAGE: 35+/-, wooded
SQUARE FEET: 2712
Beds: 3 Baths: 2.5
PRICE: $479,000 ID #: 08110
As Seen in: Traverse Magazine
CONTACT: Joe Lukeman
(269) 598-6567
Danneffel Lake Log Home on 50 Acres 81255 68th Street, Watervliet, MI
Retreat with private frontage on Danneffel Lake where you can enjoy the lake views from the wrap around porch and patio. Home is nestled on a private 50 acres of woods, open fields, and the trails have been maintained for hunting, hiking, skiing, 4 wheeling, or horse back riding.
ACREAGE: 50 LAKEFRONTAGE: 2400 FT
SQUARE FEET: Beds: 3 Baths: 2
PRICE: $625,000 ID #: 24082
CONTACT: Joe Lukeman
(269) 598-6567
Interested in Building a Log Home? Consider United Country’s partner, Rocky Mountain Log Homes.
The Rocky Difference brings more to your home.
Rocky Mountain Log Homes was built on the belief that log homes are very personal. That’s why they go to
great lengths to make sure your Rocky home reflects your unique style as well as your individual needs and
desires. For more than 30 years Rocky Mountain has been the indisputable leader in creating meticulously
crafted and inspired log homes, lodges and other log buildings.
We’ll help you find the perfect location. Rocky Mountain Log Homes will build
your dream home.
Call for more info: (269) 629-4947
(866) 670-4100 Toll Free
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6 REAL ESTATE UPDATE
NEIGHBORHOODS & COUNTRY HOMES 1127 Autmn Drive, Otsego BEDS: 3 BATHS: 2 SQ. FT: 912 PRICE: $134,900 ID: 17233
CONTACT: Jill Adamski (269) 720-6661
2221 Coach, Galesburg BEDS: 4 BATHS: 2 SQ. FT: 2192 PRICE: $149,000 ID: 13813
CONTACT: Joe Lukeman (269) 598-6567
5843 Castleton Ln, Kalamazoo BEDS: 3 BATHS: 2.5 SQ. FT: 1582 PRICE: $164,122 ID: 10712
CONTACT: Jill Adamski (269) 720-6661
7801 N 39th St, Richland BEDS: 3 BATHS: 1 SQ. FT: 1360 ACRES: 3.7 PRICE: $129,900 ID: 19393
CONTACT: Kelley Blacken (269) 806-4231
67640 W 8 Mile Rd, South Lyon BEDS: 3 BATHS: 2 SQ. FT: 1415 ACRES: 5.25 PRICE: $169,900 ID: 07622
CONTACT: Leslee Smith (269) 420-4487
6346 Sturbridge Dr, Kalamazoo BEDS: 4 BATHS: 2.5 SQ. FT: 1970 PRICE: $149,000 ID: 04544
CONTACT: Leslee Smith (269) 420-4487
10623 Cressey Rd, Plainwell BEDS: 3 BATHS: 2 SQ. FT: 1792 ACRES: 2.25 PRICE: $125,000 ID: 02288
CONTACT: Joe Lukeman (269) 598-6567
14145 N Red Bud Trl, Buchanan
CONTACT: Steve Sprengel (630) 334-1142
FEATURED EQUESTRIAN & ACREAGE
BEDS: 5 BATHS: 3.5 SQ. FT: 2405 ACRES: 301 PRICE: $1.3 Million ID: 49322 As Seen in: Northern Indiana Lakes Magazine & DuPont Registry
Equestrian center, ranch, retreat, hunting camp… the possibilities are endless. This 300+ acre property fea-tures 3 private lakes, hardwoods, meadows, fenced pasture and box stall. Nice ranch style home with 5 beds/3.5 baths.
CONTACT: Terry Carpenter (269) 998-0908
12345 Wahl Rd, St. Charles, MI
BEDS: 3 BATHS: 1 Full, 2 Half SQ. FT: 1984 ACRES: 22 PRICE: $350,000 ID: 23952 Equestrian or hobby farm located less than 2 hours north
of Chicago. Property features 22 acres, 4 barns, and 230 feet of frontage on the St. Joseph River. The historic home (1910) has the original woodwork and large coun-try kitchen making this a rare find and a true gem.
Coming Soon! 6338 Shugarbush Trl, Kalamazoo
Want to see your home for sale in this publi-
cation? Contact Lake to Lake Realty at (269)
629-4947 to schedule an appointment today!
7
COMMERCIAL & LAND
VACANT LOTS
Plainwell Industrial Park
PRICE: $850,000
SQUARE FEET: 18,000
WAREHOUSE: 12,000
OFFICE: 6,000
ACRES: 2.3 ID #: 28970
CONTACT: Terry Carpenter
(269) 998-0908
Industrial / Light Manufacturing site conveniently located for quick access to Kalamazoo, Grand Rapids, Hol-land and only 2 1/2 hours from Chi-cago and Detroit. Building features climate control throughout, security system, fiber optics, and barrier free.
PRICE: $600,000 ACRES: 30+/- CAP RATE: 8-10
PADS: 32 RV SITES: 4 ID #: 00300
Mobile Home Park / RV Park
CONTACT: Leslee Smith
(269) 420-4487
Located in central Michigan, this mobile home park has 32 pads and 4 RV lots offering large (100 x 100) lots situated on 13+/- acres, mature shade trees, wide, paved drive, and a peaceful setting for the long term residence. Great investment property and potential for growth with an additional 17 acres.
321 Monroe St, South Haven LOT SIZE: 50 X 120 EACH 3 Lots Available, 3 1/2 Blocks to Lake Michigan PRICE: $89,000 each ID: 19859
CONTACT: Dave Kreager (269) 629-4947
15th Street, Otsego ACRES: 12.5 PRICE: $65,000 ID: 09844
CONTACT:
Leslee Smith (269) 420-4487
3138 E 96th St, Newaygo ACRES: 2.89 Near 500 acre State Land PRICE: $27,900 ID: 16203
Poplar Ave, Newaygo ACRES: 2.02 Near 500 acre State Land PRICE: $24,900 ID: 16223
CONTACT: Terry Carpenter (269) 998-0908 CONTACT:
Terry Carpenter (269) 998-0908
892 Wakefield, Plainwell
23166 Red Arrow Hwy, Mattawan SQ. FT: 2000 Acres: 0.88 Historic home & barn, zoned commercial on high traffic road between Paw Paw & Kalamazoo. PRICE: $196,000 ID: 06817
CONTACT: Kelley Blacken (269) 806-4231
621 Oak Street, Paw Paw # UNITS: 6 INCOME PROPERTY: Yes 6 Unit Apartment Complex, fully occu-pied, excellent rental history. PRICE: $129,900 ID: 38691
CONTACT: Joe Lukeman (269) 598-6567
Do you have investment property to sell, but don’t like the tax implications? Would you like to rebalance your investment portfolio without triggering a taxable event? Would you like to buy investment property or a business, but don’t have enough liquid assets available? Have you considered buying your retirement property before you retire, with your IRA?
Ask about our Self-Directed IRA & 1031 Exchange Advisory Service! www.IRAStrategist.com
ATTENTION REAL ESTATE INVESTORS!
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LAKE TO LAKE REALTY 8599 N 32ND STREET
RICHLAND, MI 49083
Meet Our Team David Kreager
Broker/Owner
Jill Adamski
Kelley Blacken
Jane Carpenter
Terry Carpenter
Jackie Collins
Mike Hutchinson
Joe Lukeman
Sheryl Slezak
Barb Slucter
Steve Sprengel
Leslee Smith
(269) 629-4947 Lake to Lake Realty (866) 670-4100 Toll Free
United Country—Lake to Lake Realty is a full-service realty company with offices in southwest Michigan, specializing in bringing together buyers and sellers of lakefront, equine, golf and other recreational properties. The Lake to Lake Realty team includes an attorney, two licensed real estate appraisers, a Certified Financial Planner®, experienced stag-ers, as well as professional REALTORS®.
Today’s competitive real estate market requires innovation and
dedication to produce quantifiable results. United Country—Lake
to Lake Realty offers sellers a unique selling strategy to reach out-
of-town buyers, including the use of national and regional adver-
tising, targeted mailings to interested buyers, the use of specialty
websites for specific listings, and web presence that dominates
internet traffic for search terms relevant to southwest Michigan
‘lifestyle’ properties. With a database of more than 350,000 pro-
filed buyers, a portfolio of more than 950 award-winning web
sites that attract more than 2.7 million visitors per month and
exclusive real estate catalogs, United Country’s marketing pro-
gram is unmatched.
Are You Serious About Selling Your Property?
When you’re ready to sell your unique
property, please contact us:
United Country—Lake to Lake Realty
Web: www.UCLaketoLake.com
www.UCLakeMichigan.com
www.GullLakeRealty.com
E-Mail: [email protected]
Phone: (269) 629-4947
(866) 670-4100 Toll Free
© 2010 Lake to Lake Realty. An Equal Opportunity Company. Equal Housing Opportunity.
It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully.