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

71 Sunset Dr, Frankfort, MI, 49635

1beds
2baths
1,180sqft
$550,000
$466price/sqft
$3,481/moest. monthly cost
$139,240/yrincome needed

About This Home

Nestled on 2.6 scenic acres at the edge of downtown Frankfort, this charming cottage property offers a rare combination of privacy, character, and proximity to the shores of Lake Michigan. The quaint cottage, complete with a welcoming covered porch overlooking the lake, provides the perfect setting for relaxing mornings, peaceful evenings, and unforgettable sunsets. Inspired by classic U.S. Coast Guard architecture, the property features a timeless white wood exterior accented by striking red shingled roofs on all buildings, creating a distinctive and cohesive coastal aesthetic. The expansive grounds have been thoughtfully maintained and offer both beauty and functionality. A spacious three-bay pole barn provides ample room for RV or boat storage, a heated, insulated workshop, and additional attic storage, making it ideal for hobbyists, outdoor enthusiasts, or those needing versatile utility space. A matching storage shed complements the property and is perfect for gardening tools, seasonal items, or extra equipment. Outdoor living is at the heart of this property. Gather with family and friends around the fire pit for cozy campfires under the stars, or enjoy the peaceful lake breeze from the covered front porch. A commercial-grade flagpole adds a touch of classic Americana and enhances the property's unique curb appeal. The grounds are further enhanced by beautifully established gardens filled with colorful perennials that have been lovingly planted and cared for over the years. These mature landscaping features create a vibrant and inviting atmosphere throughout the seasons, adding to the property's warmth and charm. Whether you are seeking a year-round residence, vacation retreat, or a property with space for recreation and storage near downtown Frankfort and Lake Michigan, this one-of-a-kind cottage offers comfort, character, and exceptional surroundings.

Getting Around

21
WalkingCar-Dependent
0
TransitVery Limited Transit
33
BikeSomewhat Bikeable

Schools

8/10
7/10
Frankfort High SchoolGrades 6-120.5 mi

Construction

Condition

  • Year built: 1996

Materials

  • Roof: Asphalt

Type & Style

  • Home type: Unknown

Interior

Appliances

  • Appliances included: Dishwasher,Dryer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer

Basement

  • Basement: None

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Flooring: Softwood,Carpet,Linoleum / Vinyl

Heating & Cooling

  • Heating features: Forced air,Heat pump,Gas
  • Cooling features: Other

Interior Area

  • Total interior livable area: 1,180 sqft

Property

Details

  • Parcel number: 0500134510

Features

  • Exterior features: Wood
  • Has view: Yes
  • View description: Park,Water
  • Has water view: Yes
  • Water view: Water

Lot

  • Lot size: 2.60 Acres

Parking

  • Parking features: Garage - Attached,Garage - Detached

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

  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Cold Wave
Inland Flooding
Lightning
Strong Wind
Tsunami

FEMA Declared Disasters in Benzie County and Michigan

Severe Ice Storm
Winter Storm

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 $2,781$33,372
Home Insurance *$160$1,920
Property Taxes $352$4,224
Electricity $188$2,259
Total$3,481$41,772
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$119,348/yr
40% on housing$104,430/yr
45% on housing$92,826/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

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: 5.0%
5.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 3.6%
3.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$466This listing

vs Other Active Listings

Avg $/sqft

ZIP 49635$359
Benzie County$270

vs Homes Sold Last Month

Median $/sqft

ZIP 49635$292
Benzie County$298

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
2026-05-17Listed for sale$550,000

For Sale by Owner

AgentProperty Owner
BrokerageIndependent Broker

Similar Homes