515 Park St Unit 1 Saugatuck, MI 49453
Estimated payment $12,880/month
Highlights
- Private Waterfront
- Deeded Waterfront Access Rights
- Property fronts a channel
- Douglas Elementary School Rated A
- Docks
- 2-minute walk to Wicks Park
About This Home
Welcome to one of the most iconic residences on the Kalamazoo River—an architecturally inspired, yacht-style condo offering 2,700+ sq ft, 3 beds + bonus room & loft, 2.5 baths, and panoramic views of the Kalamazoo and downtown Saugatuck. Located in the Saugatuck Resort District, this condo operates as a highly successful short-term rental, with future STR permit eligibility (subject to availability).
Enjoy a large terrace, 3 balconies, over 100' of seawall, and 70' of designated dock space. Walkability to Oval Beach Steps from the Historic Saugatuck Chain Ferry.
Moments from the best shops, restaurants, and attractions in downtown Saugatuck, this property offers both a luxurious lifestyle and outstanding rental income potential—a rare opportunity in a premier resort destination
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $29,091
Year Built
- Built in 2000
Lot Details
- Property fronts a channel
- Private Waterfront
- 100 Feet of Waterfront
- Private Entrance
- Shrub
- Terraced Lot
- Sprinkler System
- Garden
HOA Fees
- $667 Monthly HOA Fees
Parking
- 2 Car Garage
- Front Facing Garage
- Garage Door Opener
Home Design
- Contemporary Architecture
- Slab Foundation
- Metal Roof
- Wood Siding
Interior Spaces
- 2,747 Sq Ft Home
- 3-Story Property
- Wet Bar
- Bar Fridge
- Ceiling Fan
- Skylights
- Insulated Windows
- Window Treatments
- Living Room with Fireplace
- Recreation Room
- Water Views
Kitchen
- Eat-In Kitchen
- Oven
- Range
- Microwave
- Freezer
- Dishwasher
- Snack Bar or Counter
- Disposal
Flooring
- Wood
- Carpet
- Ceramic Tile
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- En-Suite Bathroom
- Whirlpool Bathtub
Laundry
- Laundry Room
- Laundry on main level
- Dryer
- Washer
- Sink Near Laundry
Home Security
Outdoor Features
- Deeded Waterfront Access Rights
- Docks
- Shared Waterfront
- Balcony
- Deck
- Terrace
Schools
- Douglas Elementary School
- Saugatuck Middle School
- Saugatuck High School
Utilities
- Forced Air Heating and Cooling System
- Heating System Uses Natural Gas
- Radiant Heating System
- Natural Gas Water Heater
- Water Softener is Owned
- High Speed Internet
- Phone Available
- Cable TV Available
Community Details
Overview
- Association fees include trash, lawn/yard care
- Association Phone (616) 218-3448
- Riverwatch Condominium Condos
- Property is near a preserve or public land
Pet Policy
- Pets Allowed
Security
- Carbon Monoxide Detectors
- Fire and Smoke Detector
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 | $28,596 | $661,200 | $167,400 | $493,800 |
| 2024 | -- | $535,400 | $143,000 | $392,400 |
| 2023 | -- | $507,400 | $143,000 | $364,400 |
| 2022 | $0 | $515,900 | $231,000 | $284,900 |
| 2021 | $16,850 | $443,100 | $198,000 | $245,100 |
| 2020 | $16,850 | $448,100 | $250,800 | $197,300 |
| 2019 | $0 | $459,800 | $250,800 | $209,000 |
| 2018 | $0 | $404,500 | $143,000 | $261,500 |
| 2017 | $0 | $273,000 | $116,500 | $156,500 |
| 2016 | $0 | $277,700 | $116,500 | $161,200 |
| 2015 | -- | $277,700 | $116,500 | $161,200 |
| 2014 | -- | $294,400 | $125,500 | $168,900 |
| 2013 | -- | $237,100 | $56,300 | $180,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/30/2025 07/30/25 | For Sale | $1,800,000 | +119.5% | $655 / Sq Ft |
| 01/31/2018 01/31/18 | Sold | $820,000 | -8.4% | $299 / Sq Ft |
| 12/28/2017 12/28/17 | Pending | -- | -- | -- |
| 12/28/2017 12/28/17 | For Sale | $895,000 | +24.4% | $326 / Sq Ft |
| 08/28/2013 08/28/13 | Sold | $719,300 | -15.3% | $254 / Sq Ft |
| 08/01/2013 08/01/13 | Pending | -- | -- | -- |
| 04/15/2012 04/15/12 | For Sale | $849,000 | -- | $300 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Listed On Document | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $820,000 | Lighthouse Title Agency | |
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $249,999 | Credit Line Revolving | |
| Previous Owner | $933,586 | Unknown | |
| Previous Owner | $656,000 | New Conventional | |
| Previous Owner | $50,000 | Unknown | |
| Previous Owner | $130,000 | New Conventional |
Source: Southwestern Michigan Association of REALTORS®
MLS Number: 25037209
APN: 57-822-001-00
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