501 Michigan Ave Frankfort, MI 49635
Estimated payment $12,537/month
Highlights
- Private Waterfront
- Bluff on Lot
- Contemporary Architecture
- Sandy Beach
- Deck
- Wooded Lot
About This Home
Nestled on the bluff overlooking the serene waters of Lake Michigan and the historic Frankfort Lighthouse, this iconic 7-bedroom, 8-bath home offers an unparalleled living experience. A rare opportunity to own one of the most distinguished properties in downtown Frankfort, this home captures stunning panoramic views, the soothing sound of waves and is surrounded by mature landscape providing a tranquil, picturesque setting. As you step inside, you’ll be greeted by a mid-century modern foyer featuring soaring ceilings, intricate wood detailing, and beautiful stained glass windows. The expansive lake-facing side of the home is lined with windows, bringing in natural light and providing breathtaking views of the lake. The home has been very well maintained with flawless wood flooring throughout. The spacious living room, features a wood-burning fireplace and flows seamlessly into the dining room and kitchen. The large butcher block island is ideal for gatherings and entertaining, making this home perfect for family and friends. On the main floor, you’ll find three guest bedrooms, each with its own private bath, ensuring ample space and privacy for guests. The private primary suite is a true retreat and offers sweeping views of Lake Michigan, a large office/library, a cozy sitting room with a gas fireplace, wet bar, en-suite bathroom and a private deck. A fourth guest bedroom boosts stunning views with a private bath. For outdoor entertaining, a spacious screened-in porch offers the perfect spot to unwind, enjoy the sunset, and listen to the waves crashing below. The detached two-car garage provides space for cars and seasonal equipment and toys. Attached is a charming two-bedroom, one-bath bunk house—ideal for guests or as a rental opportunity. Tucked away in a quiet setting yet just a short walk to the charming shops, restaurants and area conveniences of downtown Frankfort. A true gem on the shores of Lake Michigan!
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $16,173
Year Built
- Built in 1935
Lot Details
- 1.28 Acre Lot
- Private Waterfront
- Property fronts an easement
- Sandy Beach
- Bluff on Lot
- Level Lot
- Cleared Lot
- Wooded Lot
- The community has rules related to zoning restrictions
Home Design
- Contemporary Architecture
- Block Foundation
- Frame Construction
- Asphalt Roof
- Stucco
Interior Spaces
- 4,851 Sq Ft Home
- 2-Story Property
- Wet Bar
- Bookcases
- Cathedral Ceiling
- Ceiling Fan
- Wood Burning Fireplace
- Gas Fireplace
- Drapes & Rods
- Mud Room
- Entrance Foyer
- Great Room
- Den
- Solarium
- Screened Porch
- Water Views
Kitchen
- Oven or Range
- Cooktop
- Dishwasher
- Kitchen Island
- Solid Surface Countertops
- Trash Compactor
Bedrooms and Bathrooms
- 7 Bedrooms
Laundry
- Dryer
- Washer
Unfinished Basement
- Basement Fills Entire Space Under The House
- Crawl Space
- Basement Windows
Parking
- 2 Car Detached Garage
- Heated Garage
- Garage Door Opener
- Circular Driveway
Outdoor Features
- Balcony
- Deck
- Patio
- Rain Gutters
Location
- Property is near a Great Lake
Schools
- Frankfort Elementary School
- Frankfort High Middle School
- Frankfort High School
Utilities
- Forced Air Heating and Cooling System
- Baseboard Heating
- Cable TV Available
Community Details
Overview
- The Bluffs Of Frankfort Community
Recreation
- Water Sports
Map
Home Values in the Area
Average Home Value in this Area
Tax History
Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
---|---|---|---|---|
2025 | $16,173 | $639,300 | $0 | $0 |
2024 | $13,907 | $690,900 | $0 | $0 |
2023 | $12,859 | $609,500 | $0 | $0 |
2022 | -- | $536,100 | $0 | $0 |
2021 | -- | $515,400 | $0 | $0 |
2020 | -- | -- | $0 | $0 |
2019 | -- | -- | $0 | $0 |
2018 | -- | -- | $0 | $0 |
2017 | -- | -- | $0 | $0 |
2016 | -- | -- | $0 | $0 |
2011 | -- | -- | $0 | $0 |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
08/30/2025 08/30/25 | Price Changed | $2,099,999 | -5.6% | $433 / Sq Ft |
08/16/2025 08/16/25 | Price Changed | $2,225,000 | -3.3% | $459 / Sq Ft |
07/11/2025 07/11/25 | Price Changed | $2,300,000 | -4.2% | $474 / Sq Ft |
03/18/2025 03/18/25 | For Sale | $2,400,000 | -- | $495 / Sq Ft |
Source: Northern Great Lakes REALTORS® MLS
MLS Number: 1931537

APN: 51-150-004-01