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15464 Park Lake Rd, East Lansing, MI, 48823

2beds
1baths
744sqft
$225,000
$302price/sqft
$1,638/moest. monthly cost
$65,520/yrincome needed

About This Home

Enjoy lakefront living on beautiful Park Lake in East Lansing! This move-in ready home offers 40 feet of lake frontage with breathtaking water views and stunning sunsets. The open floor plan features 2 bedrooms, 1 bath, a spacious living room with a pellet stove, and large windows that fill the home with natural light. Recent updates include mechanicals, interior and exterior improvements, plus beautiful waterproof laminate flooring. Conveniently located near MSU, shopping, schools, major highways, public beach access, boat launch, and even a local ice cream shop. Whether you're looking for a year-round home or weekend retreat, this waterfront gem is a must-see!

Getting Around

14
WalkingCar-Dependent
0
TransitVery Limited Transit
25
BikeSomewhat Bikeable

Schools

5/10
Bath Elementary SchoolGrades PK-51.8 mi
7/10
Bath Middle SchoolGrades 6-81.9 mi
9/10
Bath High SchoolGrades 9-121.8 mi

Construction

Condition

  • Property condition: Updated/Remodeled
  • Year built: 1920

Materials

  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Electric Range,Range,Refrigerator,Washer,Washer/Dryer,Water Heater,Water Softener
  • Laundry features: Laundry Closet,Main Level

Basement

  • Basement: Crawl Space

Bedroom2

  • Level: First
  • Area: 101.6

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First
  • Area: 55.51

Features

  • Flooring: Laminate
  • Finished area below ground: 0
  • Finished area above ground: 744

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: Window Unit(s)

Interior Area

  • Total structure area: 744
  • Total interior livable area: 744 sqft

Kitchen

  • Level: First
  • Area: 288.86

Living Room

  • Level: First
  • Area: 288.86

Master Bedroom

  • Level: First
  • Area: 93.141

Property

Details

  • Parcel number: 1901021000001000
  • Zoning description: Zoning

Features

  • Levels: One
  • Stories: 1
  • Patio & porch: Deck
  • Exterior features: Private Yard
  • Has view: Yes
  • View description: Lake
  • Has water view: Yes
  • Water view: Lake
  • On waterfront: Yes
  • Waterfront features: Lake Front
  • Waterbody name: Park Lake
  • Frontage type: Lakefront

Lot

  • Lot size: 5,227 sqft
  • Features: Back Yard,Few Trees,Native Plants,Views,Waterfront
  • Lot size dimensions: 40 x 129.59

Parking

  • Parking features: Driveway,Kitchen Level,Parking Pad,Paved,Private
  • Has uncovered spaces: 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

  • Strong Wind
    Strong WindRelatively High
  • Cold Wave
    Cold WaveModerate
  • Hail
    HailModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Strong Wind
Cold Wave
Hail
Tornado

FEMA Declared Disasters in Clinton 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 $1,137$13,644
Home Insurance *$90$1,080
Property Taxes $223$2,676
Electricity $188$2,259
Total$1,638$19,656
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$56,160/yr
40% on housing$49,140/yr
45% on housing$43,680/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: 15.5%
15.5%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.4%
1.4%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$302This listing

vs Other Active Listings

Avg $/sqft

ZIP 48823$157
Clinton County$161

vs Homes Sold Last Month

Median $/sqft

ZIP 48823$157
Clinton County$143

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

DateEventPrice
2026-08-11Contingent$225,000
2026-07-31Listed for sale$225,000
2014-04-28Sold$132,500
2013-12-01Price change$135,000
2013-08-24Price change$140,000
2013-04-26Listed for sale$150,000
2004-05-07Sold$139,000
2003-01-09Sold$127,000

For Sale by Agent

AgentNicole Ann Reimer
BrokerageEXP Realty - Lansing

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