Landmark 38 Acre Hazelbank Estate on Lake Macatawa Sells for $5.5M
186 S Division Avenue, Holland, Michigan, United States, 49424
It took six years and a discount of over $13 million to sell one of Lake Macatawa’s most iconic waterfront properties. The Hazelbank Estate first hit the market in 2013 with an asking price of $18.9 million. It gradually came down in price over the next six years before the owner accepted a deeply discounted offer of $5.5 million. Construction began in 1993 with Chicago-based architect and designer John Tilton working with homeowner Holly Palmer, widow of P.T. Cheff, the former president of Holland Furnace Co., and was completed in 1998. The 17,500 square foot home rises four storeys with 5 bedrooms, 7 bathrooms and a lookout tower overlooking the 38 acre estate complete with stables, pastures, riding trails, an outdoor pool, pond with waterfall, and expanses of manicured lawns. Take in picturesque sunsets from the floor to ceiling windows, or spend a relaxed moment in the study, choosing a book from the built-in shelving. Every detail has been carefully chosen and crafted creating a spectacular one-of-a-kind coastal-inspired estate. Palmer told MLive that every room in the home has a view of the lake. There are also 5 wood burning fireplaces, including one in the kitchen with a hearth made from antique Chicago bricks. The property had been on the market for $8,900,000 before selling.