3865 Peninsula Point Rd, Munising, MI, 49862
About This Home
There are few communities that carry ideal locations, beautiful settings and peaceful yet family atmosphere but this one holds all the cards. This cheerful 2 bedroom / 1 bath home/cottage sets itself on the west side of the peninsula that semi splits 16 Mile Lake giving any homeowner a beautiful evening sunset and every once in a while, some breath-taking northern light views. Lots of attractive features inside the home with a cozy wood stove in the living room and the presentation to the lake is gorgeous. Windows, siding, roof, AC unit, furnace, etc... have all been upgraded eliminating any of those owner concerns. A 28x32 pole barn with a cement poured floor located away from the lake provides an abundance of storage space for the toys year-round. And the prize feature of all is a beautifully remodeled "man cave" that off sets the home on the lake side. An incredibly unique little haven the invites "kickback" time or gatherings that can take place outside the home. The lake itself boasts great recreation and social get together time. Place yourself today in a community with great looks, fantastic surroundings and easy access to all the trails around for ORV/snowmobile activity.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1960
Materials
- Construction materials: Vinyl Siding
Type & Style
- Home type: SingleFamily
- Architectural style: Cottage
- Property subType: Single Family Residence
Interior
Appliances
- Appliances included: Range/Oven,Refrigerator,Electric Water Heater
Basement
- Basement: None,Crawl Space
Bathroom1
- Level: Main
- Area: 56
Bedroom1
- Level: Main
- Area: 99
Bedroom2
- Level: Second
- Area: 360
Bedrooms & Bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 1
Dining Room
- Level: Main
- Area: 91
Features
- None
- Number of fireplaces: 1
- Fireplace features: Wood Burning Stove,Wood Burning
- Fireplace: Yes
- Finished area below ground: 0
- Finished area above ground: 904
Heating & Cooling
- Heating features: Forced Air,Propane,Wood
- Cooling features: Ceiling Fan(s),Central Air
Interior Area
- Total structure area: 904
- Total interior livable area: 904 sqft
Kitchen
- Level: Main
- Area: 91
Living Room
- Level: Main
- Area: 288
Property
Details
- Parcel number: 0200121407200
- Zoning: Lakeshore / River 2 (LS / R2)
- Zoning description: Residential
- Special condition: Private,Standard
Features
- Levels: One and One Half
- Stories: 1
- Exterior features: None
- Has view: Yes
- View description: Lake
- Has water view: Yes
- Water view: Lake
- On waterfront: Yes
- Waterfront features: All Sports Lake,Interior Lake,Waterfront,Sandy Bottom
- Waterbody name: Sixteenmile Lake
- Frontage length: 200
Lot
- Lot size: 1.15 Acres
- Lot size dimensions: 220 x 200 x 220 x 290
Parking
- Total spaces: 3
- Parking features: 3 or More Spaces
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
- Lightning
- Cold Wave
- Hail
- Inland Flooding
- Strong Wind
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Alger 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 | $1,987 | $23,844 |
| Home Insurance * | $171 | $2,052 |
| Property Taxes | $291 | $3,492 |
| Electricity | $188 | $2,259 |
| Total | $2,637 | $31,644 |
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 |
|---|---|---|
| 2025-04-11 | Listed for sale | $398,000 |
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