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8221 S Island View Dr, Newaygo, MI, 49337

1beds
1baths
400sqft
$249,000
$623price/sqft
$1,762/moest. monthly cost
$70,480/yrincome needed

About This Home

Waterfront living awaits on this private all sports lake in Newaygo. This cozy cabin sits on 0.41 acres, offering direct easily accessible 51 ft of sandy waterfront and recreational opportunities. The 4 season cabin features a studio layout and one bathroom, making it an efficient retreat or starter property. Ideal for those seeking lakefront ownership without excessive maintenance demands, this residence provides lasting value as waterfront properties continue to appreciate. The large lot also offers ample room for future building, expansion, or improvements, providing flexibility to create the lakefront property of you've envisioned! Additional Opportunity- The neighboring lakefront property is also available for purchase and features a 1800 sq ft 3-bedroom Cabin with hot tub. Purchase both properties and create an exceptional larger waterfront parcel with nearly 100 ft of combined waterfrontage or plenty of space to build!

Getting Around

2
WalkingCar-Dependent
0
TransitVery Limited Transit
14
BikeSomewhat Bikeable

Schools

5/10
Newaygo Middle SchoolGrades 5-85.3 mi
6/10
Newaygo High SchoolGrades 9-126.2 mi

Construction

Condition

  • Year built: 1950

Materials

  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Ranch
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Range,Refrigerator,Washer
  • Laundry features: Washer Hookup

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 1
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 1

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 400
  • Total interior livable area: 400 sqft

Property

Accessibility

  • Accessibility features: Accessible Entrance

Details

  • Parcel number: 622030135027

Features

  • Stories: 1
  • On waterfront: Yes
  • Waterfront features: Lake
  • Waterbody name: Pettit Lake

Lot

  • Lot size: 0.43 Acres
  • Features: Level
  • Lot size dimensions: 171 x 127 x 51 x 137

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

  • Strong Wind
    Strong WindVery High
  • Winter Weather
    Winter WeatherVery High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Strong Wind
Winter Weather
Cold Wave
Inland Flooding
Lightning
Tornado

FEMA Declared Disasters in Newaygo 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 $1,259$15,108
Home Insurance *$136$1,632
Property Taxes $179$2,148
Electricity $188$2,259
Total$1,762$21,144
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$60,411/yr
40% on housing$52,860/yr
45% on housing$46,986/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: 7.2%
7.2%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: -2.9%
-2.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$623This listing

vs Other Active Listings

Avg $/sqft

ZIP 49337$139
Newaygo County$142

vs Homes Sold Last Month

Median $/sqft

ZIP 49337
Newaygo County$156

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
2026-08-12Price change$249,000
2026-07-05Price change$246,000
2026-06-02Price change$255,000
2026-06-01Listed for sale$225,000

For Sale by Agent

AgentJessica L Bowser
BrokerageCentury 21 Circle

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