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3332 Edgewater Dr, Cheboygan, MI, 49721

3beds
3baths
1,723sqft
$645,000
$374price/sqft
$4,767/moest. monthly cost
$190,680/yrincome needed

About This Home

Welcome to Point Nipigon, where lakeside living meets comfort and convenience. This beautifully designed 3-bedroom, 3-bath home features an open, light-filled floor plan and the exceptional benefit of a private bath for each bedroom. A wood-burning fireplace creates a cozy gathering space, while generous storage throughout adds practicality. Take in the stunning Lake Huron views from inside the home, from the deck off the house, or from the waterside deck just steps from the shore. A large heated 2-car garage adds even more appeal to this wonderful waterfront retreat. Nestled along the shores of Lake Huron between Cheboygan and Mackinaw City, the exclusive community of Point Nipigon offers an unmatched blend of natural beauty and resort-style amenities. Residents enjoy access to a private sandy beach, tennis courts, a children's playground, scenic walking trails, and a beautifully appointed members' lodge, perfect for hosting family events and community gatherings. At The Point you will find a beach house featuring a designated swimming area, grills, picnic tables, and a volleyball court, creating the perfect setting for summer fun. Just across the road, the North Central State Trail offers miles of hiking, biking, and snowmobiling adventures through the heart of Northern Michigan. Whether you're looking to relax by the water, explore the trails, or enjoy time with friends and family, Point Nipigon has something for everyone all in a peaceful, private setting.

Getting Around

0
WalkingCar-Dependent
0
TransitVery Limited Transit
32
BikeSomewhat Bikeable

Schools

7/10
6/10
--
Cheboygan Middle SchoolGrades 4-125.9 mi

Construction

Condition

  • Year built: 1990

Materials

  • Foundation: Crawl

Type & Style

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

Interior

Appliances

  • Appliances included: Washer,Range/Oven,Refrigerator,Microwave,Disposal,Dryer,Dishwasher
  • Laundry features: Main Level

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 3
  • Full bathrooms: 3

Features

  • Door features: Doorwall
  • Window features: Blinds
  • Flooring: Hardwood
  • Finished area above ground: 1,723

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total structure area: 1,723
  • Total interior livable area: 1,723 sqft

Property

Details

  • Parcel number: 041R1200000909
  • Special condition: Trust

Features

  • Patio & porch: Deck,Patio/Porch
  • On waterfront: Yes
  • Waterfront features: Great Lake
  • Waterbody name: Lake Huron

Lot

  • Lot size: 0.46 Acres
  • Features: Landscaped
  • Lot size dimensions: 80 x 250

Parking

  • Parking features: Garage
  • 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 WaveRelatively High
  • Inland Flooding
    Inland FloodingRelatively High
  • Lightning
    LightningModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Inland Flooding
Lightning
Tsunami

FEMA Declared Disasters in Cheboygan 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 $3,261$39,132
Home Insurance *$396$4,752
Property Taxes $922$11,064
Electricity $188$2,259
Total$4,767$57,204
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$163,440/yr
40% on housing$143,010/yr
45% on housing$127,120/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: 8.1%
8.1%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.7%
1.7%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$374This listing

vs Other Active Listings

Avg $/sqft

ZIP 49721$197
Cheboygan County$198

vs Homes Sold Last Month

Median $/sqft

ZIP 49721
Cheboygan County$131

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
2026-03-17Listed for sale$675,000

For Sale by Agent

AgentMissy Koszegi
BrokerageCOLDWELL BANKER SCHMIDT CHEBOYGAN

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