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6292 Grace Ave, Ludington, MI, 49431

2beds
1baths
1,020sqft
$850,000
$833price/sqft
$5,497/moest. monthly cost
$219,880/yrincome needed

About This Home

Nestled on the serene shores of Indian Pete Bayou on Hamlin Lake, this exceptional custom home is a rare lakeside offering. Originally the historic Griswolda Resort store--part of a cherished early 1900s resort community--this property carries a unique piece of Hamlin Lake history. Completely rebuilt from the foundation up, the home has been transformed into a high-quality custom residence, blending timeless character with modern craftsmanship and thoughtful design throughout--including the convenience of an EV-ready charging setup. The location is truly second to none. Enjoy breathtaking sunrise views that illuminate the bayou in golden light, along with a front-row seat to Hamlin Lake's iconic Fourth of July fireworks display. Whether you're seeking a peaceful retreat or a place to gather and entertain, this property offers an unmatched combination of history, luxury, and prime waterfront living--right in the heart of one of Michigan's most sought-after lake communities.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
23
BikeSomewhat Bikeable

Schools

7/10
7/10
8/10
Ludington High SchoolGrades 9-127.5 mi

Construction

Condition

  • Year built: 2018

Materials

  • Roof: Composition
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Microwave,Range,Refrigerator
  • Laundry features: Laundry Closet

Basement

  • Basement: Crawl Space

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1
  • Main level bedrooms: 2

Features

  • LP Tank Owned
  • Window features: Screens,Replacement,Insulated Windows,Window Treatments

Heating & Cooling

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

Interior Area

  • Total structure area: 1,020
  • Total interior livable area: 1,020 sqft

Property

Details

  • Parcel number: 00714200500

Features

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

Lot

  • Lot size: 8,276 sqft
  • Lot size dimensions: 50 x 164

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

  • Winter Weather
    Winter WeatherVery High
  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Winter Weather
Strong Wind
Cold Wave
Inland Flooding
Lightning
Tsunami

FEMA Declared Disasters in Mason 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 $4,298$51,576
Home Insurance *$317$3,804
Property Taxes $694$8,328
Electricity $188$2,259
Total$5,497$65,964
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$188,468/yr
40% on housing$164,910/yr
45% on housing$146,586/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: 5.0%
5.0%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.8%
2.8%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$833This listing

vs Other Active Listings

Avg $/sqft

ZIP 49431$163
Mason County$162

vs Homes Sold Last Month

Median $/sqft

ZIP 49431$176
Mason County$178

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
2026-04-27Listed for sale$875,000
2019-12-17Sold$232,000
2019-06-06Sold$220,000
2010-11-24Listed for sale$215,000

For Sale by Agent

AgentJamie Loney
BrokerageFive Star RE Ludington

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