See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

1 Tara Point Dr, Grafton, IL, 62037

5beds
6baths
4,800sqft
$2,500,000
$521price/sqft
$17,758/moest. monthly cost
$710,320/yrincome needed

About This Home

Welcome to this fabulous bed &breakfast opportunity overlooking the confluence of the Mississippi and Illinois Rivers. Nestled amongst the lush greenery and limestone bluffs that tower above the quaint river town of Grafton, IL. Its stunning views and tranquil atmosphere offer plenty of potential for growth and development. Tara Point has long been the destination of its repeat customers since 1991. In addition, the business is well known for providing its guests with extraordinary service and unparalleled attention to detail, thus insuring their loyal customers a relaxing and memorable stay. Guests can enjoy the amenities of the Inn while staying in one of the Riverside rooms or Delta Queen suite. Additionally, Tara Point offers eight guest cottage suites. Tara Point has been recognized by an industry publication for having the “Best Sunset View” of over 8,500 B & B’s in North America. All guests are in awe of the views their accommodation provides. Also under 23055336 as commercial.

Getting Around

32
WalkingCar-Dependent
0
TransitVery Limited Transit
18
BikeSomewhat Bikeable

Schools

7/10
Grafton Elementary SchoolGrades PK-41.6 mi
7/10
Illini Middle SchoolGrades 5-711.4 mi
6/10

Construction

Condition

  • Year built: 1990

Type & Style

  • Home type: SingleFamily
  • Architectural style: Other
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Electric Water Heater,Gas Water Heater

Basement

  • Has basement: Yes
  • Basement: Partial

Bedrooms & Bathrooms

  • Bedrooms: 5
  • Bathrooms: 6
  • Full bathrooms: 5
  • 1/2 bathrooms: 1
  • Main level bathrooms: 6
  • Main level bedrooms: 5

Features

  • Number of fireplaces: 1
  • Fireplace features: Library
  • Fireplace: Yes
  • Finished area above ground: 4,800

Heating & Cooling

  • Heating features: Electric,Natural Gas,Forced Air
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 4,800
  • Total interior livable area: 4,800 sqft

Property

Details

  • Parcel number: 0807904400
  • Special condition: Standard

Features

  • Levels: One

Lot

  • Lot size: 19.85 Acres
  • Lot size dimensions: 19.85+/-

Parking

  • Total spaces: 2
  • Parking features: Attached,Garage
  • Has garage: Yes
  • Attached garage spaces: 2
  • Covered spaces: 2

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Landslide
    LandslideModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Heat Wave
Cold Wave
Inland Flooding
Landslide
Lightning
Strong Wind
Tornado

FEMA Declared Disasters Across Illinois Counties

Flood

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $12,641$151,692
Home Insurance *$1,457$17,484
Property Taxes $3,291$39,492
Electricity $369$4,430
Total$17,758$213,096
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$608,845/yr
40% on housing$532,740/yr
45% on housing$473,546/yr

Illinois FAIR Plan Programs

Illinois FAIR Plan Association

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 1,961Commercial: 62
Total Premiums$4.35M
Total Exposure$370.02M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 10.7%
10.7%
0%30.0%
Electricity Growth Rate10-year average: 5.5%
5.5%
0%15.0%
Property Taxes Growth Rate2-year average: -0.9%
-0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$521This listing

vs Other Active Listings

Avg $/sqft

ZIP 62037$243
Jersey County$140

vs Homes Sold Last Month

Median $/sqft

ZIP 62037$174
Jersey County$96

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-04-29Price change$2,500,000
2026-02-16Listed for sale$2,700,000
2026-01-31Listing removed$2,700,000
2025-07-14Listed for sale$2,700,000
2025-05-21Pending sale$2,700,000
2024-10-11Listed for sale$2,700,000
2024-07-23Listing removed$2,900,000
2023-10-25Listed for sale$2,900,000

For Sale by Agent

AgentMark Harman
BrokerageTarrant and Harman Real Estate and Auction Co

Similar Homes