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33618 S Water St, Drummond Island, MI, 49726

4beds
2baths
1,925sqft
$279,000
$145price/sqft
$2,168/moest. monthly cost
$86,720/yrincome needed

About This Home

Own a piece of Drummond Island history with this charming and spacious 4 bedroom, 2 bath home offering beautiful water views without the waterfront price tag. Ideally situated on the corner of Lane & Water Street, this grand residence is just steps from Potagannissing Bay and conveniently close to Yacht Haven, the Drummond Island Museum, post office and other local amenities. Lovingly maintained over the years, the home features numerous updates including a newer roof, updated mechanicals and electrical, a new drain field, and more. Best of all, it's being sold fully furnished, making it easy to start enjoying island living from day one. Inside, the inviting floor plan is ideal for both everyday living and entertaining. The main level showcases a spacious great room with abundant natural light, and timeless character throughout. The great room flows into the formal dining area and kitchen, creating a warm and welcoming gathering space. Just off the kitchen, you'll find the first full bath along with a highly functional butler's pantry/laundry room offering exceptional storage. The second floor features four bedrooms, including a spacious primary bedroom, as well as a second full bath. Additional highlights include an attached one-car garage, a basement with excellent storage space, and plenty of historic charm blended with modern comfort. Don't miss this rare opportunity to own a truly special island home filled with character, history, and value.

Getting Around

13
WalkingCar-Dependent
0
TransitVery Limited Transit
29
BikeSomewhat Bikeable

Schools

3/10
3/10
DeTour High SchoolGrades 7-128.0 mi

Construction

Condition

  • Year built: 1907

Type & Style

  • Home type: SingleFamily
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes
  • Basement: Yes

Bedrooms & Bathrooms

  • Bedrooms: 4
  • Bathrooms: 2
  • Full bathrooms: 2

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Central Air

Interior Area

  • Total structure area: 1,925
  • Total interior livable area: 1,925 sqft

Property

Details

  • Parcel number: 00616402300

Parking

  • Total spaces: 1
  • Parking features: GarageAttached
  • Has garage: Yes

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
  • Inland Flooding
    Inland FloodingModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Winter Weather
Tsunami

FEMA Declared Disasters in Chippewa 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 $1,410$16,920
Home Insurance *$84$1,008
Property Taxes $465$5,580
Electricity $209$2,519
Total$2,168$26,016
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$74,331/yr
40% on housing$65,040/yr
45% on housing$57,813/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: 13.8%
13.8%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.3%
0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$145This listing

vs Other Active Listings

Avg $/sqft

ZIP 49726$218
Chippewa County$172

vs Homes Sold Last Month

Median $/sqft

ZIP 49726$196
Chippewa County$119

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
2026-07-31Price change$279,000
2026-05-30Listed for sale$329,000

For Sale by Agent

AgentJulie Stevenson
BrokerageDrummond Island Realty

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