501 Michigan Avenue
Frankfort, MI, 49635 $ 2,099,999
Bedrooms7 Baths7.1 Sq 4,851 Monthly Estimate*
$ 13,101
for $2,099,999 with 7 bedrooms and 7 full baths, 1 half bath. This 4,851 square foot home was built in 1935 on a lot size of 1.28.
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, youââ¬â¢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, youââ¬â¢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 houseââ¬âideal 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!
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FeaturesInteriorInterior Amenities Cathedral/Vaulted Ceiling Window Treatment(s)
Dining Room Level Main
Basement Block Egress/Daylight Windows Full Interior Access Unfinished
Bedroom 3 Level Main
Bedroom 1 Level Upper
Bedroom 2 Level Upper
Beds 7
Fireplace? Yes
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GeneralHeating Baseboard Forced Air
Kitchen Level Main
Cooling Ceiling Fan(s)
Possession At Close
Fireplaces Gas Fireplace
Garage Detached Garage Gar Door Opener Heated Garage
Water Public Water
Appliances Dishwasher Dryer Range/Oven Refrigerator Trash Compactor Washer
Status Active Active
Full Baths 7
Half Baths 1
Bathrooms 8
Year Built 1935
Parking Garage
Subdivision The Bluffs of Frankfort MI
Style Contemporary
County Benzie
Class RESIDENTIAL
Type Single Family
Ownership Private
Municipality Frankfort
Section 21
Zoning Residential
Sale/Rent For Sale
Status Detail 0
Utilities Cable Available
Structure Style 2 Story
Area Frankfort (10016)
Primary City Frankfort
Directions M-22 and turn west onto Park Avenue. Turn right onto Michigan Avenue and use the Bluffs entrance and driveway on the left. Follow real estate signs.
High School Frankfort High School
City Frankfort
School District Frankfort-Elberta Area Schools
Financial Terms Cash Conventional
Elementary School Frankfort Elementary School
Middle School Frankfort High School
Legal Description COM AT NW COR OF LOT 9 BLK 8 N 19 DEG 42'30 W 88.19 FT TO POB N 19 DEG 42'30 W 190.04 FT N 26 DEG 21'00 W 11.23 FT N 63 DEG 39'00 E 315.23 FT S 93.08 FT S 42 DEG 29'10 E 36.96 FT S 41.45 FT S 22
DOM 260
Postal Code 49635
Price Per Sq Ft Total AG 432.9
Public Remarks Nestled on the bluff overlooking the serene waters of Lake Michigan and the historic Frankfort Lighthouse this iconic 7-bedroom
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ExteriorExterior Stucco
Exterior Amenities Exterior Balcony Deck Patio Porch
Lot Size Area 1.28
Lot Dimensions 313X164 irreg
Water Features All Sports Lake Water View Waterfront Great Lake
Waterfront Y/N Yes
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* Excluded FeaturesList ByCentury 21 Northland-FrankfortBroker
kariking@c21northland.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $13,101
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbySingle family listings in Frankfort, MI
Average List Price $761,004
Percent of Sale Price 64%
About Frankfort, MI 1,187 Population
-6% Since 2002
$ 43,123 Median Income
53.5 Median Age
17% Households with Children
Trends Information provided by ATTOM Data Solutions.
4024913 Elementary School
4024914 Middle School
Frankfort High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 8/30/2025 | $2,099,999 | -5.62% | Price Down |
| 8/16/2025 | $2,225,000 | -3.26% | Price Down |
| 7/11/2025 | $2,300,000 | -4.17% | Price Down |
| 3/18/2025 | $2,400,000 | | Listed Price |