Expired
846 S Lakeshore Drive North Lot, Ludington, MI 49431
$499,500
MLS # 26026211 (Michigan Regional Information Center (MichRIC))
0.68 acres
1 / 33
Listing Description
Exclusive Waterfront Development Opportunity on Buttersville Peninsula! Discover the potential of this remarkable .68-acre lot on Ludington's sought-after Buttersville Peninsula. This prime parcel includes over 160 feet of valuable protected marine seawall with a private boat launch, offering direct access to both Pere Marquette Lake and Lake Michigan. A significant storage building with existing living space and bathrooms adds immediate utility. Formerly the prized North side of a 40-boat marina undergoing residential redevelopment, this property represents a unique chance to create a bespoke waterfront estate.
Source: SparkMLS
About this home
Currently offered at $499,500.
Estimated annual property tax: $9,262, or about $772 monthly. Estimate is based on county assessor records and current millage rates; actual tax may vary with PRE status and recent assessment changes.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeLand
Property SubtypeLot
Bathrooms0
Lot Size0.68 acres
Location
CityLudington
MunicipalityPere Marquette Twp
Zip Code49431
CountyMason
School DistrictLudington
Construction & Systems
WaterWell
SewerSeptic Tank
UtilitiesNatural Gas Available, Electricity Available, Cable Available, Phone Available, None
Sale & Financing
Listed5/31/2026
Terms AcceptedCash, Conventional
Source: SparkMLS
Tax Information
Annual Tax$5,500
Tax Year2025
State Equalized Value$342,000
Taxable Value$233,830
Assessed Value$233,830
Parcel #010-720-000-002-00
Source: Public Records
Legal Description
Parts of lots 2 and 3 Strand Subdivision. Pere Marquette Township, Mason County.
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 Bob Budreau
GREENRIDGE Realty Ludington
Frequently Asked Questions about 846 S Lakeshore Drive North Lot, Ludington, MI 49431
What school district is 846 S Lakeshore Drive North Lot, Ludington, MI 49431 in?
Per MLS# 26026211, this property is served by Ludington. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What financing options are available for 846 S Lakeshore Drive North Lot, Ludington, MI 49431?
Per MLS# 26026211, 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# 26026211, the most recent reported annual property tax for 846 S Lakeshore Drive North Lot, Ludington, MI 49431 is $5,500 (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 846 S Lakeshore Drive North Lot, Ludington, MI 49431 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, 846 S Lakeshore Drive North Lot, Ludington, MI 49431 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.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Sewer: Septic Tank. Water: Well. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Pere Marquette Twp police department or the Mason County sheriff's office.
Map
Tax Estimate
$
Annual tax$9,262
Monthly$772
Millage rate27.0809 mills
Municipality: Pere Marquette TOWNSHIP
School district: LUDINGTON AREA SCHOOL DIST
County: Mason
Estimate based on SEV for a new buyer (taxable value resets to SEV on transfer). Actual taxes may vary. MI Treasury PT Estimator
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$4,012
Principal & interest$3,240
Property taxes$772
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
846 S Lakeshore Drive North Lot, Ludington, MI 49431
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