50 W Parkway Dr, Cheboygan, MI, 49721
About This Home
Experience the Pinnacle of Northwoods Comfort: A Turn-Key Estate with Private Lake Access. Rarely does a home of this caliber, offering both immaculate interior design and expansive multi-generational living, become available so close to the water. 50 W Parkway Drive is a masterclass in ''Up-North'' tranquility, meticulously maintained and beautifully decorated to ensure a move-in-ready experience. The main residence is anchored by a chef-inspired kitchen boasting a sleek quartz eat-in bar and premium stainless steel appliances. Designed for those who love to host, the floor plan flows naturally from the sun-drenched dining nook into a massive family room featuring a custom bar area--the ultimate setting for post-lake relaxation. The property's versatility is unmatched, featuring a fully independent 900+ sq ft in-law suite. This self-contained secondary living space includes its own kitchen, bathroom, and mechanicals, offering a dignified and private solution for extended family or a high-potential rental opportunity to offset your mortgage. Step outside to enjoy deeded, shared-private access to one of Mullett Lake's premier sandy beaches. Whether you are launching kayaks into the crystal-clear water or enjoying the aquamarine views from your front deck, the lakeside lifestyle is right at your doorstep. With a heated 3-car garage, newer high-efficiency mechanicals, and an included main home warranty, this isn't just a house--it's a legacy property ready for its next chapter.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Materials
- Foundation: Crawl
Type & Style
- Home type: SingleFamily
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Washer,Range/Oven,Refrigerator,Microwave,Dryer,Dishwasher
- Laundry features: Main Level
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Features
- Walk-In Closet(s)
- Flooring: Hardwood,Tile
- Finished area above ground: 2,808
Heating
- Heating features: Forced Air,Natural Gas
Interior Area
- Total structure area: 2,808
- Total interior livable area: 2,808 sqft
Property
Details
- Parcel number: 092Y31000123000 & 092Y3100012600
Features
- Stories: 1
- Patio & porch: Deck
- Fencing: Fenced
- On waterfront: Yes
- Waterbody name: Mullett Lake
- Frontage type: None
Lot
- Lot size dimensions: 203 x 207 x 204 x 160
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 | $2,679 | $32,148 |
| Home Insurance * | $325 | $3,900 |
| Property Taxes | $384 | $4,608 |
| Electricity | $306 | $3,675 |
| Total | $3,694 | $44,328 |
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)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-01 | Listed for sale | $529,900 |
| 2026-02-03 | Listing removed | $559,985 |
| 2025-06-27 | Listed for sale | $559,985 |
For Sale by Agent
View on Zillow