Mackinac Island

Special Purpose for Sale
Catylist Listing ID: 29777548
Building Size (RSF): 2,600 SF
Gross Building Area: See Agent
Gross Land Area: 1.04 Acres
Sale Price: $1,150,000
Ceiling: 10 ft.
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/21/2017

Overview / Comments

Vacation cottage in Hubbards Annex to the National Park on historic Mackinac Island. This is a teeming summer resort community, located next to the Mackinac Bridge in Lake Huron – and between Michigan's Upper and Lower Peninsulas. The Victorian-style Grand Hotel, which boasts the longest front porch in the world (660 feet), first opened in 1887. Gracious summer homes dot the bluffs around the Island, but about 70% of the land constitutes the Mackinac Island State Park. Three ferry lines serve the Island, as well as a paved, 3,500 foot airport runway.

Note the online availability of a 3D Virtual Tour of the property in "Attachments & Media" which offers a close inspection of the interior of the cottage – using the computer mouse and arrow keys.

Financials

Finance Data Year 2014
Real Estate Taxes - Annual($) $9,014 (Annual)
Lender Name N/A

Additional Details

Nearest MSA: Traverse City
County: Mackinac
Submarket Type: Port District
Tax ID/APN: 051-650-005-00
Market Type: Rural
Side of Street: South
Road Type: Gravel
Property Visibility: Fair
Largest Nearby Street: Lakeview Boulevard
Feet of Frontage: 150
Transportation: Other
Highway Access: Transportation on the Island consists of bicycle, horseback and horse-drawn carriage -- with the exception of emergency equipment.
Airports: MCD, Mackinac Island UNICOM-controlled airport.
Site Description: Cottage is located in historic Hubbard's Annex, which was first platted in 1882. Hubbard's Annex Homeowners Association is made up of 25-30 cottages, some of which date to the early 1900's. The bluff view from the Annex looks out on the Straits of Mackinac and the Mackinac Bridge, connecting Michigan's two peninsulas.
Area Description: Presidents Clinton, Bush, Ford, Kennedy and Truman have visited Mackinac Island's Grand Hotel. More than 500 horses populate the Island where all taxis are horse-drawn. Mackinac flew under the French and the British flags before becoming an American possession in 1815. The rich colonial history of the Island colors every aspect of Island life today.
Total Number of Buildings: 3
Number of Stories: 2
Typical SF / Floor: 1,300 SF
Property Condition: Excellent
Year Built: 1986
Roof Type: Gable
Construction/Siding: Wood Frame
Exterior Description: Cape Cod, shingled exterior.
Parking Description: Plenty of room for bicycles.
Heat Type: Electricity
Heat Source: Baseboard
Internet Access: Cable
Interior Description: Open living plan with the refined, rustic elegance of white-washed rough sawn siding/beams and white maple floors. Two story beamed cathedral ceiling over the kitchen provides open railing overlooks from above. Spacious main level master suite and primary living spaces open onto expansive, secluded deck offering exceptional, private indoor/outdoor living. Three bedrooms, each with a private bath plus a sleeping loft. Tiled bath floors and classic chrome and white bath fixtures. See attached PDF file with series of interior photos.
Zoning Description: Resort Residential.
Lot Frontage: 150
Lot Depth: 265
Land Ownership: Fee simple.
Legal Description: Lots 8, 9, 10, 11, 12 & 13 BLOCK 2 HUBBARDS ANNEX TO THE NATIONAL PARK.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 492 492 2,820
Median Age: 43.08 43.08 44.41
Households: 240 240 1,262

Contact

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