See other homes in:
Primary listing photo
Listing photo 2
Listing photo 3
Listing photo 4
Listing photo 5

217 E Lake Emily Rd, Crystal Falls, MI, 49920

2beds
1baths
864sqft
$329,000
$381price/sqft
$2,298/moest. monthly cost
$91,920/yrincome needed

About This Home

Experience true Northwoods living with this charming waterfront home on beautiful Lake Emily! Nestled on over 3/4 of an acre with an impressive 150’ of sandy lake frontage, this two bedroom, one full bath home offers breathtaking water views and endless opportunities for relaxation, recreation, or investment. Located in a peaceful cove, the property features a large level lawn stretching from the home to the water’s edge, perfect for yard games, bonfires, and easy lake access for swimming and boating. Inside the warm tongue-and-groove finishes create the ideal “up north” atmosphere. The open concept kitchen, dining, and living area is designed to maximize the stunning lake views while providing a comfortable gathering space. Stay comfortable year-round with both a central propane forced air furnace and an economical electric mini-split system offering heat and air conditioning. Conveniently tucked into the corner of one bedroom is a washer/dryer combo. Lake Emily is a 325 acre full recreational lake well known for exceptional Musky, walleye, perch, and northern pike fishing, making this property a dream for anglers and outdoor enthusiasts alike. The dock makes getting out on the water easy. The home may also be sold furnished for a turnkey opportunity. With an excellent rental history and outstanding future rental potential, this property is ready to be enjoyed immediately or continue as an income-producing retreat. Outdoor recreation opportunities abound, as this property is located very close to ATV/UTV and snowmobile trails, offering year-round adventure right from your doorstep. Whether it’s boating and fishing in the summer, trail riding in the fall, or snowmobiling in the winter, every season brings something to enjoy. Need additional space? The impressive 16x32 heated and cooled “man cave” offers endless possibilities and is currently set up with a pool table, lounge area, workshop space, and storage. The additional storage sheds and large carport all have electric and provide safe keeping for all your recreational gear and lake toys. Complete the ultimate recreational package by purchasing the pontoon boat, fishing boat, or UTV separately. Topping it all off is a spacious 16x24 deck where you can relax, entertain, and soak in the incredible lakefront setting. Whether you’re searching for a year-round home, vacation escape, or investment property, this Lake Emily gem checks all the boxes!

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
1
BikeSomewhat Bikeable

Schools

4/10
6/10

Construction

Condition

  • Year built: 1935

Materials

  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dryer,Microwave,Range/Oven,Refrigerator,Washer,Water Heater

Basement

  • Basement: None,Crawl Space

Bathroom1

  • Level: First

Bedroom1

  • Level: First
  • Area: 132

Bedroom2

  • Level: First
  • Area: 144

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Features

  • Other
  • Window features: Window Treatments
  • Finished area below ground: 0
  • Finished area above ground: 864

Heating & Cooling

  • Heating features: Forced Air,Heat Pump,Hot Water,Other,Propane
  • Cooling features: Heat Pump

Interior Area

  • Total structure area: 864
  • Total interior livable area: 864 sqft

Kitchen

  • Level: First
  • Area: 216

Living Room

  • Level: First
  • Area: 270

Property

Details

  • Parcel number: 00102405000
  • Zoning description: Residential
  • Special condition: Private,Standard

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck
  • On waterfront: Yes
  • Waterfront features: All Sports Lake,Lake Front,Interior Lake,Waterfront
  • Waterbody name: Lake Emily
  • Frontage length: 150

Lot

  • Lot size: 0.77 Acres
  • Lot size dimensions: Appr x 150 x 320

Parking

  • Total spaces: 1
  • Parking features: Carport,Detached,Electric in Garage,Heated Garage
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Carport: 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 WaveVery High
  • Hail
    HailRelatively High
  • Lightning
    LightningRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate

How This Home’s Risks Compare

Cold Wave
Hail
Lightning
Winter Weather
Inland Flooding
Strong Wind

FEMA Declared Disasters in Iron 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 $1,663$19,956
Home Insurance *$160$1,920
Property Taxes $287$3,444
Electricity $188$2,259
Total$2,298$27,576
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$78,788/yr
40% on housing$68,940/yr
45% on housing$61,280/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: 4.7%
4.7%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: -2.5%
-2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$381This listing

vs Other Active Listings

Avg $/sqft

ZIP 49920$96
Iron County$92

vs Homes Sold Last Month

Median $/sqft

ZIP 49920
Iron County$162

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
2026-05-10Listed for sale$359,900
2018-07-28Sold$113,500
2018-07-06Pending sale$109,900
2018-05-14Price change$109,900
2017-05-15Price change$132,999
2016-04-30Price change$139,500
2016-04-09Price change$146,950
2015-06-16Price change$154,500
2015-06-01Price change$169,900
2015-05-06Listed for sale$179,900

For Sale by Agent

AgentMELANIE SIENKIEWICZ
BrokerageRE/MAX NORTH COUNTRY-FL

Similar Homes