Sold
515 Park Street 1, Saugatuck, MI 49453
Sold on 10/31/2025 for$1,550,000
MLS # 25037209 (Michigan Regional Information Center (MichRIC))
3 beds3 baths2,747 sqftBuilt 20000.26 acres
1 / 56
Listing Description
Welcome to one of the most iconic residences on the Kalamazoo River—an architecturally inspired, yacht-style condo offering 2,700+ sq ft, 3 beds + bonus room & loft, 2.5 baths, and panoramic views of the Kalamazoo and downtown Saugatuck. Located in the Saugatuck Resort District, this condo operates as a highly successful short-term rental, with future STR permit eligibility (subject to availability). Enjoy a large terrace, 3 balconies, over 100' of seawall, and 70' of designated dock space. Walkability to Oval Beach Steps from the Historic Saugatuck Chain Ferry. Moments from the best shops, restaurants, and attractions in downtown Saugatuck, this property offers both a luxurious lifestyle and outstanding rental income potential—a rare opportunity in a premier resort destination
Source: SparkMLS
About this home
Located in Saugatuck in Saugatuck, this property offers 3-bedroom, 3-bath, 2,747 sq ft, with original construction dating to 2000.
This home sold for $1,550,000 (about $564/sq ft).
Estimated annual property tax: $29,091, or about $2,424 monthly. Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Broadband is available with download speeds up to 1,200 Mbps from 8 providers. Electric service is provided by Consumers Energy Company; natural gas by Michigan Gas Utilities Corporation.
Tour
Listing Property Details
Property TypeResidential
Property SubtypeCondominium
Bedrooms3
Bathrooms3
Living Area2,747 sqft
Lot Size0.26 acres
Year Built2000
Stories3
Location
CitySaugatuck
MunicipalitySaugatuck City
Zip Code49453
CountyAllegan
School DistrictSaugatuck Public Schools
Construction & Systems
StyleContemporary
ConstructionWood Siding
BasementSlab
Garage2 spaces
HeatingForced Air, Radiant
WaterPublic
SewerPublic
UtilitiesPhone Connected, Natural Gas Connected, Cable Connected, High-Speed Internet
InteriorCeiling Fan(s), Garage Door Opener, Wet Bar, Eat-in Kitchen
Sale & Financing
Listed7/29/2025
Sold Date10/30/2025
Original Price$1,800,000
Terms AcceptedCash, Conventional
HOA
HOA Fee$8,000 / Annually
IncludesOther, Trash, Lawn/Yard Care
Source: SparkMLS
Tax Information
Annual Tax$29,091
Tax Year2025
Assessed Value$497,429
Parcel #57-822-001-00
Source: SparkMLS
Legal Description
Unit 1 Riverwatch Condos Sec 9 T3N R16W (2010)
Property Records
FEMA Flood Zone: Zone AE — 100-year floodplain
Flood insurance required for federally backed mortgages
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by David Isljamovski
CENTURY 21 Affiliated
Frequently Asked Questions about 515 Park Street 1, Saugatuck, MI 49453
What school district is 515 Park Street 1, Saugatuck, MI 49453 in?
Per MLS# 25037209, this property is served by Saugatuck Public Schools. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 25037209, the seller has indicated this property accepts the following financing types: Cash, Conventional. Financing acceptance is subject to change — confirm with the listing agent.
How much are property taxes for this home?
Per MLS# 25037209, the most recent reported annual property tax for 515 Park Street 1, Saugatuck, MI 49453 is $29,091 (2025). Michigan property taxes are based on a property's taxable value multiplied by the local millage rate. Primary residences qualify for a homestead exemption that lowers the rate.
Is 515 Park Street 1, Saugatuck, MI 49453 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 515 Park Street 1, Saugatuck, MI 49453 is in flood zone AE (high risk). Flood insurance is required for federally-backed mortgages in this zone. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Is fiber internet available at 515 Park Street 1, Saugatuck, MI 49453?
Per FCC Broadband Data Collection filings, fiber internet is not currently available at 515 Park Street 1, Saugatuck, MI 49453. The maximum advertised download speed is 1.2 Gbps. 8 internet providers serve this address. Confirm availability and speeds directly with providers.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: Michigan Gas Utilities Corporation. Sewer: Public. Water: Public. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Saugatuck City police department or the Allegan County sheriff's office.
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Mortgage Calculator
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Monthly payment$11,369
Principal & interest$10,702
HOA$667
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Internet
Download
1.2 Gbps
Upload
35 Mbps
CableLicensed Fixed WirelessGSO SatelliteSatelliteDSL
8 providers at this address
FCC Broadband Data Collection (Dec 2025). Max advertised speeds.
Utilities
Consumers Energy Company
Investor-Owned
Michigan Gas Utilities Corporation
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
515 Park Street 1, Saugatuck, MI 49453
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Municipality
Saugatuck
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