3500 Borchers Way, Grayling, MI, 49738
About This Home
Discover an extraordinary 3.1-acre build site with 150 feet of private frontage on the pristine Lake Margrethe. This sandy bottom lake offers crystal clear waters and breathtaking panoramic views. The build site is expertly laid out, ready for your dream home. Complementing this unique offering is a charming 1-bed, 1-bath, 321 sq ft bunkhouse, perfect for guests or a cozy retreat. Located near Hansen Hills Ski & Recreation Area, enjoy endless outdoor adventures on miles of bicycle trails and the nearby Au Sable River. This is a rare opportunity for lakeside living with convenience and natural beauty. Cable internet and natural gas available.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1960
Materials
- Foundation: Pillar/Post/Pier
Type & Style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Refrigerator,Microwave
- Laundry features: None
Basement
- Basement: None
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Features
- Ceiling Fan(s),Vaulted Ceiling(s)
- Flooring: Laminate
- Finished area above ground: 321
Heating
- Heating features: Electric,Wall Furnace
Interior Area
- Total structure area: 321
- Total interior livable area: 321 sqft
Master Bedroom
- Level: First
Property
Details
- Parcel number: 040420220320000
Features
- On waterfront: Yes
- Waterbody name: Lake Margrethe
- Frontage type: All-Sport
Lot
- Lot size: 3.10 Acres
- Features: Natural
- Lot size dimensions: 3.1 acres
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
- Lightning
- Winter Weather
- Cold Wave
- Hail
- Inland Flooding
- Strong Wind
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Crawford 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 | $2,401 | $28,812 |
| Home Insurance * | $217 | $2,604 |
| Property Taxes | $395 | $4,740 |
| Electricity | $188 | $2,259 |
| Total | $3,201 | $38,412 |
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 |
|---|---|---|
| 2026-05-08 | Listed for sale | $475,000 |
| 2023-08-31 | Sold | $457,500 |
| 2017-06-19 | Sold | $245,000 |
| 2016-05-10 | Sold | $245,000 |
| 2015-12-01 | Listing removed | $299,900 |
| 2015-07-02 | Price change | $299,900 |
| 2014-08-14 | Price change | $339,000 |
| 2014-05-08 | Listed for sale | $369,000 |
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