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8803 Carter Rd, Cheboygan, MI, 49721

5beds
4baths
3,105sqft
$3,595,000
$1,158price/sqft
$23,330/moest. monthly cost
$933,200/yrincome needed

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

3
WalkingCar-Dependent
0
TransitVery Limited Transit
26
BikeSomewhat Bikeable

Schools

--
Cheboygan Middle SchoolGrades 4-123.2 mi
7/10
6/10

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
    Cold WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Lightning
Tsunami

FEMA Declared Disasters in Cheboygan 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 $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
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$799,885/yr
40% on housing$699,900/yr
45% on housing$622,133/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: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$1,158This listing

vs Other Active Listings

Avg $/sqft

ZIP 49721$166
Cheboygan County$181

vs Homes Sold Last Month

Median $/sqft

ZIP 49721
Cheboygan County$131

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

DateEventPrice
2026-06-30Listed for sale$3,595,000
2024-04-29Listing removed--
2024-04-16Pending sale$1,450,000
2024-04-09Price change$1,450,000
2023-10-13Price change$1,597,000
2023-06-05Listed for sale$1,750,000
2023-05-29Listing removed--
2022-10-10Price change$1,750,000
2021-10-13Price change$1,850,000
2021-05-28Listed for sale$1,995,000

For Sale by Agent

AgentJane T Fisher
BrokerageGaslight Group Properties

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