206 Hilltop Ave, Michigan City, IN, 46360
About This Home
Incredible and rare Income-Producing Sheridan Beach vacation rental. Fully stabilized, this beautiful, high-demand LAKE VIEW property produces 85,000 in documented gross rental income on a rolling 12 months as of May 2026 with opportunity to earn even more with more available dates. Many bookings already for 2026. All the hard work is done so you can walk into this Turn-Key high-performing vacation rental with PROVEN income-producing history during peak and non-peak seasons. The home itself is a custom-built gem perched high on top of a dune, offering panoramic views of Lake Michigan, Washington Park, and Chicago. Renters love the open concept, generous parking including 2.5 car garage, fully-stocked kitchen with newer stainless steel appliances, and full bathrooms in each bedroom. Built for utility and enjoyment, this property delivers a memorable experience. Other features include generous outdoors space and close access to community staircase that makes a short five minute walk to the beach and short trip to two local restaurants, Blue Chip Casino, and Downtown Michigan City. New Roof in 2025 and new furnace with whole house humidifiers and Ecobee thermostats in 2026. Property has been personally managed with professional cleaning to establish glowing online reputation with many positive reviews. Owner will assist purchaser with transition during upcoming rental season to owner's online rental platforms and cleaners. All furnishings and decor included except for two cabinets. Generate great passive income and own a property with unique features that you can enjoy as well!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2002
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Dryer,Washer,Refrigerator,Microwave,Electric Range,Dishwasher
- Laundry features: Gas Dryer Hookup,Washer Hookup,Upper Level
Basement
- Basement: Crawl Space
Bedroom2
- Area: 140
- Dimensions: 14.0 x 10.0
Bedroom3
- Area: 170
- Dimensions: 17.0 x 10.0
Bedroom4
- Area: 221
- Dimensions: 17.0 x 13.0
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 5
- Full bathrooms: 5
Dining Room
- Area: 99
- Dimensions: 11.0 x 9.0
Features
- Double Vanity,Kitchen Island,High Ceilings,Eat-in Kitchen
- Number of fireplaces: 1
- Fireplace features: Electric,Living Room
- Fireplace: Yes
- Finished area above ground: 2,856
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 2,856
- Total interior livable area: 2,856 sqft
Kitchen
- Area: 255
- Dimensions: 15.0 x 17.0
Living Room
- Area: 423
- Dimensions: 23.5 x 18.0
Other
- Area: 180
- Dimensions: 20.0 x 9.0
Primary Bedroom
- Area: 255
- Dimensions: 15.0 x 17.0
Utility Room
- Area: 45
- Dimensions: 5.0 x 9.0
Property
Details
- Parcel number: 460121312008000022
- Special condition: Agent Owned
Features
- Levels: Two
- Has view: Yes
- View description: Lake,Park/Greenbelt,Neighborhood
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: Beach Access,Lake Front
Lot
- Lot size: 5,131 sqft
- Features: Back Yard,Landscaped,Front Yard
Parking
- Total spaces: 2.5
- Parking features: Garage Door Opener,Garage Faces Front,Driveway,Off Street
- Has garage: Yes
- Attached garage spaces: 2.5
- Covered spaces: 2.5
- Has uncovered spaces: Yes
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
- Cold Wave
- Tornado
- Hail
- Inland Flooding
- Lightning
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters Across Indiana Counties
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $4,879 | $58,548 |
| Home Insurance * | $650 | $7,800 |
| Property Taxes | $734 | $8,808 |
| Electricity | $261 | $3,141 |
| Total | $6,524 | $78,288 |
Income You'd Need if You Spent...
Indiana FAIR Plan Programs
Indiana Basic Property Insurance Underwriting Association
WildfireHailWindHow 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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-02 | Price change | $965,000 |
| 2026-03-09 | Listed for sale | $969,900 |
| 2025-04-21 | Listing removed | $989,000 |
| 2025-03-04 | Listed for sale | $989,000 |
| 2024-08-17 | Listing removed | $969,000 |
| 2024-08-17 | Price change | $969,000 |
| 2024-07-28 | Price change | $985,000 |
| 2024-06-22 | Listed for sale | $989,000 |
| 2022-04-07 | Sold | $800,000 |
| 2021-10-12 | Listed for sale | $859,000 |
| 2018-06-19 | Listing removed | $599,900 |
| 2017-11-16 | Price change | $599,900 |
| 2017-10-28 | Price change | $609,999 |
| 2017-09-19 | Price change | $624,900 |
| 2017-09-13 | Listed for sale | $629,900 |
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