8492 Gibson Ave, Lake, MI, 48632
About This Home
A rare opportunity to create your dream homestead, hunting retreat, or family compound on a truly spectacular piece of property! This home is filled with natural light with breathtaking views of the surrounding countryside. While the home still requires finishing touches, much of the hard work has already been completed, giving the next owner the unique opportunity to customize finishes and make it their own. The home features concrete floors, primed walls, a new well and septic system, and an incredible walk-in pantry with abundant storage and plenty of electrical outlets, perfect for appliances, bulk storage, and organization. Outside, the possibilities are endless. The property includes three older barns offering storage, workshop, or hobby farm potential, plus a separate mother-in-law home. Nature lovers and hunters will appreciate the creek, pond, food plot area, and two deer stands. Bring your vision and finish this incredible home exactly the way you've always imagined.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Property condition: New Construction
- New construction: Yes
- Year built: 2023
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subType: Single Family Residence
Interior
Appliances
- Laundry features: Main Level
Basement
- Basement: Partial
Bathroom1
- Level: Main
Bathroom2
- Level: Main
Bedroom2
- Level: Main
Bedroom3
- Level: Main
Bedroom4
- Level: Main
Bedroom5
- Level: Main
Bedrooms & Bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
- Main level bedrooms: 6
Dining Room
- Level: Main
Features
- Flooring: Other
- Finished area below ground: 0
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 2,496
- Total interior livable area: 2,496 sqft
Kitchen
- Level: Main
Living Room
- Level: Main
Master Bathroom
- Level: Main
Master Bedroom
- Level: Main
Other
- Level: Main
Property
Details
- Parcel number: 01301430014
Features
- Stories: 1
- Waterfront features: Pond,Stream/Creek
Lot
- Lot size: 29.55 Acres
- Lot size dimensions: 971 x 1302 x 1002 x 1304
Parking
- Total spaces: 6
- Parking features: Detached,Attached
- Has garage: Yes
- Attached garage spaces: 6
- Covered spaces: 6
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
- Winter Weather
- Cold Wave
- Lightning
- Hail
- Tornado
How This Home’s Risks Compare
FEMA Declared Disasters in Clare 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 | $1,946 | $23,352 |
| Home Insurance * | $386 | $4,632 |
| Property Taxes | $618 | $7,416 |
| Electricity | $272 | $3,267 |
| Total | $3,222 | $38,664 |
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 |
|---|---|---|
| 2026-07-27 | Price change | $385,000 |
| 2026-07-01 | Price change | $400,000 |
| 2026-05-31 | Listed for sale | $435,000 |
| 2026-04-23 | Listing removed | $450,000 |
| 2026-03-14 | Price change | $450,000 |
| 2026-01-10 | Listed for sale | $550,000 |
| 2014-06-06 | Sold | $85,000 |
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