$2,099,999
$300K PRICE DROP

501 Michigan Ave Frankfort, MI 49635

Estimated payment $12,537/month

Total Views 22,598
7 Beds
7.5 Baths
4,851 Sq Ft
$433 Price per Sq Ft

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!

Listing Agent

Kari King

Century 21 Northland-Frankfort License #6501404677 Listed on: 03/18/2025

Century 21 Northland-Frankfort

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,173

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Class: Single Family
  • Type: Residential
  • Style: 2 Story, Contemporary
  • Estimated Year Built: 1935
  • Construction: Frame
  • Section Number: 21
  • Univs Design Barrier Free: Covered Entrance
  • Year Updated: 1991
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2
  • Year Built: 1935

Interior Features

  • Appliances Equipment: Refrigerator, Oven/Range, Dishwasher, Trash Compactor, Washer, Dryer, Wall Oven, Cook Top, Drapes, Curtain Rods, Ceiling Fan, Smoke Alarms(s)
  • Interior Amenities: Cathedral Ceilings, Built-In Bookcase, Foyer Entrance, Wet Bar, Pantry, Solarium/Sun Room, Solid Surface Counters, Island Kitchen, Mud Room, Great Room, Den/Study
  • Bedrooms: 7
  • Bedroom 1: Dimensions: 25.7x21.6, On Level: Upper Floor, Flooring: Wood
  • Bedroom 2: Dimensions: 17.3x14.5, On Level: Upper Floor, Flooring: Wood
  • Bedroom 3: Dimensions: 15.11x16.2, On Level: Main Floor, Flooring: Wood
  • Bedroom 4: Dimensions: 11.11x15.5, On Level: Main Floor, Flooring: Wood
  • Total Bathrooms: 7.5
  • Primary Bathroom: Private
  • Number of Main Level Bathrooms: 5
  • Full Bathrooms: 4
  • Number of Three Quarter Bathrooms: 3
  • Half Bathrooms: 1
  • Main Floor Primary: No
  • Dining Room: Dimensions: 19.4x14.8, On Level: Main Floor, Flooring: Wood
  • Family Room: Dimensions: 25.0x21.3, On Level: Upper Floor, Flooring: Wood
  • Kitchen: Dimensions: 19.3x18.1, On Level: Main Floor, Flooring: Wood
  • Living Room: Dimensions: 31.11x20.9, On Level: Main Floor, Flooring: Wood
  • Estimated Above Ground Finished Sq Ft: 4851
  • Price Per Sq Ft: 432.9
  • Range: R 16W
  • Total Finished Sf Apx: 4851

Exterior Features

  • Exterior Features: Balcony, Deck, Patio, Porch, Screened Porch, Gutters
  • Exterior Finish: Stucco/Drivit
  • Foundation: Full, Crawl Space, Block, Daylight Windows, Unfinished, Entrance Inside
  • Number Of Acres: 1.28
  • Road: Public Maintained, Blacktop
  • Roof: Asphalt
  • Water Features: Priv Frontage (Wtr Side), All Sports, Water View, Bluff (greater than 10ft), Great Lake, Sandy Shoreline

Garage/Parking

  • Driveway: Blacktop, Circular, Easement, Private
  • Garage Capacity: 2
  • Primary Garage: Detached, Door Opener, Heated, Finished Rooms, Concrete Floors

Utilities

  • Fireplaces And Stoves: Fireplace(s), Gas, Wood
  • Heating Cooling Types: Forced Air, Baseboard
  • Laundry: Dimensions: 25.7x15.8, On Level: Lower Floor, Flooring: Concrete
  • Sewer: Municipal
  • Tv Service Internet Avail: Cable TV, Cable Internet
  • Water: Municipal

Association/Amenities

  • Development Name: The Bluffs of Frankfort

Schools

  • School District: Frankfort-Elberta Area Schools
  • Elementary School: Frankfort Elementary School
  • Middle School: Frankfort High School
  • High School: Frankfort High School

Lot Info

  • Land Features: Wooded-Hardwoods, Cleared, Wooded, Evergreens, Level, Bluff Site
  • Lot Dimensions: 313X164 irreg
  • Mineral Rights: Unknown
  • Parcel Description: Metes and Bounds
  • Zoning Use Restrictions: Residential

Rental Info

  • Rent Spree Y N: No

MLS Schools

  • Elementary School: Frankfort Elementary School
  • HighSchool: Frankfort High School
  • School District: Frankfort-Elberta Area Schools
  • Middle School: Frankfort High School

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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
Source: Public Records

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

Source: Northern Great Lakes REALTORS® MLS

MLS Number: 1931537

Northern Great Lakes REALTORS® MLS

APN: 51-150-004-01