Exceptional waterfront redevelopment opportunity in the heart of Ludington! Located directly across from the Ludington Municipal Marina, this rare offering includes an updated ranch home plus four residential lots (one improved), creating endless possibilities for future development. Potential uses include luxury homes, custom residences, townhomes, or low-rise condominiums (subject to approvals). Occupying nearly three-quarters of a city block, the property offers marina views, excellent frontage, and is just minutes from downtown, parks, beaches, restaurants, and shopping. The existing 2-bedroom, 1-bath home was completely renovated in 2018, including the interior, exterior, and a detached 2-car garage. Both bedrooms offer water views, and public utilities are available. The seller has already consulted with the City and a surveyor regarding future parcel configurations, making this an outstanding opportunity for builders, developers, and investors.
Active
$1,600,000
701 W Loomis St, Ludington, MI 49431
2beds
768sqft
Single Family Residence
Built in 1960
7,405 Square Feet Lot
$1,493,800 Zestimate®
$2,083/sqft
$-- HOA
What's special
Excellent frontageUpdated ranch homeMarina views
- 22 days |
- 1,728 |
- 29 |
Zillow last checked:
Listing updated:
Listed by:
Rudy Acuna 734-891-4277,
eXp Realty, LLC 888-501-7085
Source: MichRIC,MLS#: 26032981
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bedrooms: 2
Heating
- Forced Air
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Dryer, Freezer, Microwave, Refrigerator, Washer
- Laundry: Laundry Room
Features
- Basement: Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 768
- Total interior livable area: 768 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage Faces Front
- Garage spaces: 2
Features
- Stories: 1
- Waterfront features: Lake
Lot
- Size: 7,405 Square Feet
- Dimensions: 186 x 119 x 185 x 119
- Features: Corner Lot, Level
Details
- Parcel number: 05112500100
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Phone Available, Electricity Available, Cable Available, Cable Connected
Community & HOA
Location
- Region: Ludington
Financial & listing details
- Price per square foot: $2,083/sqft
- Tax assessed value: $58,068
- Annual tax amount: $56,542
- Date on market: 6/30/2026
- Listing terms: Cash,FHA,VA Loan,Conventional
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
$1,493,800
$1.42M - $1.57M
$1,471/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/30/2026 | Listed for sale | $1,600,000$2,083/sqft |
Source:  Realcomp II #20261033421 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,421 | $187,800 +8.4% |
| 2024 | -- | $173,200 +97.3% |
| 2023 | -- | $87,800 +19.3% |
| 2022 | -- | $73,600 +9.7% |
| 2021 | -- | $67,100 +15.5% |
| 2020 | -- | $58,100 +16.7% |
| 2018 | -- | $49,800 +1.2% |
| 2017 | -- | $49,200 +4.2% |
| 2016 | -- | $47,200 +1.9% |
| 2015 | -- | $46,300 +10% |
| 2013 | -- | $42,100 -0.7% |
| 2011 | -- | $42,400 -10.5% |
| 2010 | -- | $47,400 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 49431
Nearby schools
GreatSchools rating
- 7/10Ludington Elementary SchoolGrades: PK-5Distance: 2 mi
- 7/10O.J. DeJonge Middle SchoolGrades: 6-8Distance: 1.1 mi
- 8/10Ludington High SchoolGrades: 9-12Distance: 1.1 mi
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A local agent can set up tours, give advice and negotiate with sellers.
