501 Michigan Ave Frankfort, MI 49635
Property details
About 501 Michigan Ave
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, youll 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, youll 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!
Highlights
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 7
- Appliances: Dishwasher, Dryer, Oven, Refrigerator, Range, Trash Compactor, Washer
- Basement: Yes
- Interior: Cathedral Ceilings, Entrance Foyer, Pantry
- Fireplace: Gas Fireplace
- Total Bedroom Count: 7
- Garage Space: 2 spaces
- Parking: Two Car Garage, Detached, Garage, Heated Garage, Garage Door Opener
- Waterfront: Lake, Water Access, Waterfront
- Exterior: Balcony
- Architectural Style: Contemporary
- Heating: Baseboard, Forced Air, Natural Gas
- Cooling: Ceiling Fan(s)
- List Price: $2,300,000
- Price/SqFt: $474
- Lot: Bluff, Cleared, Wooded
- Year Built: 1935
- Living Area: 4,851 SqFt
- Lot Size: 1.28 Acres
- MLS Number: 78080054899
- MLS Name: Aspire North REALTORS
- Office Name: Century 21 Northland-Frankfort
- Office Phone: (231) 352-7123
- Listing Agent: Kari King
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $690,900 | $- |
| 2023 | $609,500 | $- |
| 2022 | $536,100 | $- |
| 2021 | $515,400 | $- |
| 2020 | $422,400 | $- |
| 2019 | $696,500 | $- |
| 2018 | $595,000 | $- |
| 2017 | $612,500 | $- |
History based on county public records data.
Nearby schools
6
Frankfort Elementary School
Public District PK-6
0.6 mi
•613 Leelanau Ave
4
Crystal Lake Elementary School
Public Magnet KG-5
7.5 mi
•7048 Severance St
6
Bear Lake Elementary School
Public District PK-6
15.9 mi
•7748 Cody St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,250. The majority of Frankfort, MI residents have income between $35k-100k annually. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Figure Skating
Hunting
NASCAR
Where do the neighbors shop?
Dollar General
Dillards
Wal-Mart
Where do the neighbors go to eat?
Applebees
Cracker Barrel
Hardee's
What do the neighbors drive?
Cadillac
Oldsmobile
Ram
What do the neighbors listen to?
Classic Country
News/Talk/Information
Oldies
Frequently asked questions
About 501 Michigan Ave
The listing price of 501 Michigan Ave property is $2,300,000.
The property 501 Michigan Ave is a house located in Frankfort, Michigan, 49635.
Active Listing: 501 Michigan Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 501 Michigan Ave are: Frankfort Elementary School (GreatSchools Rating 6/10), Crystal Lake Elementary School (GreatSchools Rating 4/10), Bear Lake Elementary School (GreatSchools Rating 6/10), Benzie Central Middle School (GreatSchools Rating 4/10), Brethren Middle School (GreatSchools Rating 5/10), Frankfort High School (GreatSchools Rating 7/10), Benzie Academy (GreatSchools Rating 2/10), Benzie Central Sr High School (GreatSchools Rating 6/10).
The property at 501 Michigan Ave has 7 bedrooms and 7 full and 1 half bathrooms.
The property 501 Michigan Ave is 4,851 SqFt (source: MLS/tax record).
The year of construction for 501 Michigan Ave is 1935.
This home is located at 501 Michigan Ave in Frankfort, MI and zip code 49635. This 4,851 square foot home, which was built in 1935, sits on a 1.28 acre lot. Features: 7 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since March 18, 2025 and is currently priced at $2,300,000.
In June 2025 more than 2 listings in Frankfort, MI were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 2 were sold below. In June 2025 in Frankfort, MI there were 11.5% more homes for sale than in May. Listings spent 42 days on the market in June 2025, and had a median list price of $700,000 during the same period.