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36417 McCauleys Point Rd, Beaver Island, MI, 49782

4beds
3baths
3,755sqft
$1,850,000
$493price/sqft
$12,753/moest. monthly cost
$510,120/yrincome needed

About This Home

A beautiful home with a detached Carriage House with a large Apartment with 6.5 Acres and 245 ft of pure sand beach, Lake MI frontage. Main house has three levels with main floor 1750 sqft of living area -8 rooms – Kitchen, Dining, Living, Master Bedroom, two full Baths, Laundry/Pantry, and a Study that could be an additional Bedroom. The second level Loft is a semi-private area with beds and 430 sqft. The lower level area has 890 sqft of finished area, + 760 sqft of workspace. The Main House has 1500 sqft of Trex decking. The upper part of the detached Guest House has a 685 sqft Apartment with a private Bedroom and Bathroom. The lower level of this building is a 600 sqft Garage. The owner says that there is 3,755 ft. of finished area (including lower level). This home was built with the finest materials, 45 year asphalt shingles. Both buildings have Andersen 400 series tilt-wash dbl. hung, insulated windows with grilles and low-E sun glass on the west side including 2”x 6”stud exterior walls, 4 gas+2 cooktops, large stainless steel sink, plus prep sink in the large island, Kohler fixtures, and Corian and Quartz countertops Propane F/A heat. Rustic ash hardwood floors. Baldwin hardware. There is a large wood burning fireplace, wired smoke alarms and a whole house surge protector. The Carriage House features a full Kitchen, also a full Bath and pedestal sink There is also an outdoor enclosed shower. You have to see this property to understand and appreciate it. It will be shown only to prospects who show proof of funds or a mortgage pre-approval letter. To replace these two buildings, you would have to spend over two and a half million dollars today. The raw land is nothing short of spectacular; there is no other spot on the West side of Beaver Island like this that can be built on today. The raw lands value is $395,000 today. So the total replacement cost is just about $2.9 million. Priced at: $1,850,000.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
14
BikeSomewhat Bikeable

Schools

6/10

Construction

Condition

  • Year built: 2005

Materials

  • Construction materials: Wood Frame/Site Built

Type & Style

  • Home type: SingleFamily

Interior

Appliances

  • Appliances included: Built-in Microwave,Dishwasher,Disposal,Refrigerator,Washer,Dryer,Range

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Window features: Mini Blinds
  • Flooring: Wood
  • Fireplace features: Wood Burning
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Forced Air,LP Gas,Electric Baseboard
  • Cooling features: Ceiling Fan(s)

Interior Area

  • Total interior livable area: 3,755 sqft

Property

Details

  • Parcel number: 01223200360
  • Other equipment: Satellite Dish

Features

  • Patio & porch: Deck
  • On waterfront: Yes
  • Waterfront features: Waterfront

Lot

  • Features: Near Snowmobile Trails

Parking

  • Parking features: Detached Garage
  • Has garage: Yes
  • 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

  • Cold Wave
    Cold WaveModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Tsunami

FEMA Declared Disasters in Charlevoix 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 $9,354$112,248
Home Insurance *$462$5,544
Property Taxes $2,528$30,336
Electricity $409$4,914
Total$12,753$153,036
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$437,245/yr
40% on housing$382,590/yr
45% on housing$340,080/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: 5.9%
5.9%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.4%
0.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$493This listing

vs Other Active Listings

Avg $/sqft

ZIP 49782$205
Charlevoix County$282

vs Homes Sold Last Month

Median $/sqft

ZIP 49782
Charlevoix County$293

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
2024-11-07Listed for sale$1,850,000

For Sale by Agent

AgentEd Wojan
BrokerageEd Wojan Realty

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