1539 Mullett Lake Woods Dr, Cheboygan, MI, 49721
About This Home
Skip construction delays with this custom 2021 modern ranch on 2 private, wooded acres--an ideal primary home, lucrative Airbnb, or high-yield investment property. Enjoy the Inland Waterway lifestyle without waterfront taxes, located steps from Mullett Lake public access and directly bordering the Rails-to-Trails system. Inside, bright open-concept luxury features a chef's kitchen, quartz countertops, single-level living, custom finishes, and a stone gas fireplace. Over-engineered for low maintenance and efficiency--a major plus for rental management--the home includes spray foam insulation, a whole-house generator, an EV charger, and a tankless water heater. The highlight is the massive 30'x50' heated building with soaring 20' sidewalls and a 26' peak--currently a private gym, but ideal for Class-A RV, boat, or snowmobile drive-in storage. Complete with a sprawling deck, this turnkey Northern Michigan masterpiece is ready to enjoy or generate income today!
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 2021
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,Dryer,Dishwasher
- Laundry features: Main Level
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Features
- Ceiling Fan(s),Walk-In Closet(s),Split Bdrm Flr Plan
- Door features: Doorwall
- Window features: Blinds
- Flooring: Tile,Laminate
- Fireplace features: Gas
- Fireplace: Yes
- Finished area above ground: 1,776
Heating & Cooling
- Heating features: Forced Air,Natural Gas
- Cooling features: Central Air
Interior Area
- Total structure area: 1,776
- Total interior livable area: 1,776 sqft
Property
Details
- Parcel number: 10403240000202
- Other equipment: Automatic Generator
Features
- Patio & porch: Deck,Patio/Porch
- Has spa: Yes
- Spa features: Heated
- Frontage type: None
Lot
- Lot size: 2 Acres
- Features: Landscaped
- Lot size dimensions: 294.70 x 295 x 294.96 x 295.02
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
- Inland Flooding
- Lightning
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Cheboygan 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 | $2,776 | $33,312 |
| Home Insurance * | $337 | $4,044 |
| Property Taxes | $865 | $10,380 |
| Electricity | $193 | $2,324 |
| Total | $4,171 | $50,052 |
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 |
|---|---|---|
| 2026-08-13 | Price change | $535,000 |
| 2026-07-02 | Price change | $549,000 |
| 2026-06-25 | Price change | $579,000 |
| 2026-06-11 | Listed for sale | $599,000 |
| 2019-11-05 | Sold | $22,500 |
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