For Sale
701 W Loomis Street, Ludington, MI 49431
$1,600,000
MLS # 20261033421 (Realcomp)
2 beds1 bath768 sqftBuilt 19600.17 acres
1 / 57
Listing Description
Exceptional waterfront-area redevelopment opportunity in the heart of Ludington. Positioned directly across from the Ludington Municipal Marina, this unique offering combines an updated ranch home four residential lots—one improved with an existing home—creating a rare opportunity for future development in one of Ludington's most desirable locations.Whether your vision is a luxury waterfront estate, boutique townhome community, low-rise condominiums, or multiple custom homes, the value here is the land, location, and flexibility. Situated on a prominent corner spanning nearly three-quarters of a city block, the property enjoys marina views, excellent frontage, and close proximity to downtown, waterfront parks, beaches, restaurants, and shopping.The existing two-bedroom, one-bath home was extensively renovated in 2018, including a complete interior and exterior remodel, and is complemented by a detached two-car garage built the same year. Water views from both bedrooms, public utilities, and a move-in-ready home provide immediate usability while future plans are developed.The seller has already consulted with a surveyor and the City regarding future parcel configurations, making this an outstanding opportunity for builders, developers, or investors seeking one of Ludington's most desirable residential locations.Properties with this combination of location, redevelopment potential, and marina views are exceptionally rare. Explore the possibilities and bring your vision to one of Ludington's premier waterfront neighborhoods.
Source: SparkMLS
About this home
Located in Ludington in Ludington, this property offers 2-bedroom, 1-bath, 768 sq ft, with original construction dating to 1960.
Listed at $1,600,000 (about $2,083/sq ft).
Annual property taxes run approximately $3,317 ($276/month). Tax figure is from the MLS listing record; verify with the county treasurer for the most current amount.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms2
Bathrooms1
Living Area768 sqft
Lot Size0.17 acres
Year Built1960
Stories1
Location
CityLudington
MunicipalityLudington
Zip Code49431
CountyMason
School DistrictLudington
Construction & Systems
ConstructionVinyl Siding
BasementCrawl Space, Slab
Garage2 spaces
HeatingForced Air
WaterPublic
SewerPublic
Sale & Financing
Listed6/29/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Tax Information
Annual Tax$3,317
Parcel #05112500100
Source: SparkMLS
Legal Description
ASSESSOR'S PLAT OF TENTH ADDITION, LOTS 1, 2, & 3
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAPrice & Status History
Jun 30, 2026
Listed for sale
$1,600,000
More Homes in Ludington
Listed by Michael Perna
EXP Realty The Perna Team
Frequently Asked Questions about 701 W Loomis Street, Ludington, MI 49431
Which school district serves 701 W Loomis Street, Ludington, MI 49431?
Per MLS# 20261033421, 701 W Loomis Street, Ludington, MI 49431 is in the Ludington boundaries. School district assignments are determined by property location and may differ from the mailing city. Contact Ludington directly to confirm enrollment eligibility.
What financing options are available for 701 W Loomis Street, Ludington, MI 49431?
Per MLS# 20261033421, this listing accepts Cash, Conventional, FHA, VA Loan financing. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
What are the property taxes at 701 W Loomis Street, Ludington, MI 49431?
Per public tax records, annual property taxes for this property are $3,317. 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.
Can I use a USDA Rural Development loan for this property?
Per USDA Rural Development boundary data, 701 W Loomis Street, Ludington, MI 49431 is in an eligible area. USDA RD loans offer 0% down payment for qualified buyers. Verify current eligibility at the USDA eligibility site, as boundaries are updated periodically.
Is 701 W Loomis Street, Ludington, MI 49431 in a flood zone?
Per FEMA flood maps, this property is designated as Zone X, a minimal-risk flood area. Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
What utilities serve 701 W Loomis Street, Ludington, MI 49431?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Sewer: Public. Water: Public. Confirm service details directly with providers.
What is the crime rate in this area?
For crime and public safety data, we recommend inquiring directly with the Ludington police department or the Mason County sheriff's office.
Map
BETAMulti-Year Tax History
View SEV, Taxable Value, and uncapping difference for this parcel — Mason County public records.
Mortgage Calculator
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Monthly payment$10,378
Principal & interest$10,378
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
701 W Loomis Street, Ludington, MI 49431
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Municipality
Ludington
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