




8803 Carter Rd, Cheboygan, MI, 49721
About This Home
Welcome to River Currents Estates. A Cheboygan River opportunity closely located to Mullett lake. Set across 15 captivating acres on the river, this five-bedroom 3 and a half baths home is a place where mornings begin on the water and evenings end beneath a canopy of Northern Michigan stars. The home is on the process of being renovated from the studs up! It will include hard wood flooring and high-end finishes with a chef's quality kitchen. A hard-to-find private boathouse invites effortless days of fishing, paddling, or cruising the river, while the surrounding landscape creates a sense of seclusion that's increasingly difficult to find. Beyond the home, every outbuilding expands the possibilities. A detached garage provides everyday convenience, and the impressive pole barn is ready to accommodate boats, recreational vehicles, equipment, hobbies, or the ultimate workshop. The pole barn is insulated and includes a separate workspace and storage closet. Whether your vision includes a family homestead, an outdoor recreation basecamp, or a peaceful retreat to reconnect with nature, this property adapts with ease. The five-bedroom three and a half bath residence offers generous space for gathering family and friends, while the acreage provides room to roam, explore, and create memories in every season. Here, the river isn't just a view—it's part of your backyard, and the land isn't simply owned—it's experienced. The home is a work in progress and completion is expected by mid-August. There are multiple land split options also available with this sale. Inquire within to discuss other opportunities within this listing. Rarely does a property blend water, acreage, privacy, and versatility so seamlessly. This is more than a home; it's a destination waiting to become part of your story.
Getting Around
Schools
Construction
Materials
- Construction materials: Wood Frame/Site Built
Type & Style
- Home type: SingleFamily
Interior
Appliances
- Appliances included: Dishwasher,Washer,Dryer
Basement
- Has basement: Yes
- Basement: Full
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- Fireplace features: Wood Burning
- Fireplace: Yes
Interior Area
- Total interior livable area: 3,105 sqft
Property
Details
- Parcel number: 10401920000400
Features
- Patio & porch: Deck
- On waterfront: Yes
- Waterfront features: Waterfront
Lot
- Lot size: 15 Acres
Parking
- Parking features: Detached Garage
- Has garage: Yes
- Covered spaces: 4
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
- Inland Flooding
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Cheboygan County and Michigan
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 | $18,178 | $218,136 |
| Home Insurance * | $2,208 | $26,496 |
| Property Taxes | $2,606 | $31,272 |
| Electricity | $338 | $4,064 |
| Total | $23,330 | $279,960 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
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.
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 |
|---|---|---|
| 2026-06-30 | Listed for sale | $3,595,000 |
| 2024-04-29 | Listing removed | -- |
| 2024-04-16 | Pending sale | $1,450,000 |
| 2024-04-09 | Price change | $1,450,000 |
| 2023-10-13 | Price change | $1,597,000 |
| 2023-06-05 | Listed for sale | $1,750,000 |
| 2023-05-29 | Listing removed | -- |
| 2022-10-10 | Price change | $1,750,000 |
| 2021-10-13 | Price change | $1,850,000 |
| 2021-05-28 | Listed for sale | $1,995,000 |
