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4589 N Island Dr, Sanford, MI, 48657

3beds
4baths
3,267sqft
$859,999
$263price/sqft
$6,929/moest. monthly cost
$277,160/yrincome needed

About This Home

Unique Multi-Generational Waterfront Home. Originally designed in 1968 & completely rebuilt in 2018, this exceptional premium waterfront property offers a rare opportunity for beautiful lake living combined with comfortable & flexible multi-generational living. Surrounded mostly by water & situated on all-sports Sanford Lake, this unique home was thoughtfully designed to provide both privacy & shared family connection. Designed to function as either a spacious single-family residence or a multi-generational home, the layout easily accommodates separate living areas while maintaining inviting common spaces for everyone to enjoy together.  It is ideal for caring for aging parents, supporting family members with mobility limitations, promoting meaningful family interactions, & significantly reducing living expenses through shared household costs. The property also offers an attractive alternative to the rising costs of assisted living & childcare. One wing of the home features a private upstairs primary bedroom suite with a granite bathroom, a second bedroom, an office or game room, a fully finished basement for additional living space, & an insulated attached two-car garage with attic storage & direct access into the home. The main-floor handicap-accessible wing was specifically designed with full wheelchair accessibility & no-step entry. This private area includes a spacious primary bedroom suite with room for a sitting area with a couch & television, a granite bathroom, laundry facilities, & its own insulated two-car garage with attic storage. A separate hallway allows family members convenient access to the laundry & garage areas while maintaining complete privacy for residents of this wing. Connecting both wings is a warm & welcoming central family living area featuring a large kitchen, dining space, television room, reading area, & gas fireplace. Large windows throughout the home provide breathtaking panoramic views of Sanford Lake from nearly every room. A spacious screened-in porch & patio offer the perfect setting for relaxing, entertaining, & enjoying the waterfront lifestyle, with direct walk-out access to the lake from the central family room. Located on over 600 feet of Sanford Lake & canal frontage on the deep side of the lake, this remarkable property offers exceptional boating, fishing, kayaking, & year-round recreational opportunities. The canal bordering the property was previously known as one of the lake’s best crappie fishing locations. Additionally: independent furnaces with humidifiers, C/A conditioning systems, on-demand water heaters, separate thermostats for each wing, a whole-house generator, a lawn sprinkler system drawing directly from the lake, a boat dock, & pontoon boat lift (as is). This one-of-a-kind waterfront property combines accessibility, privacy, shared living efficiency, & outstanding lakefront surroundings in a truly exceptional home designed for today’s evolving family lifestyle.

Getting Around

5
WalkingCar-Dependent
0
TransitVery Limited Transit
27
BikeSomewhat Bikeable

Schools

5/10
6/10

Construction

Condition

  • Year built: 1968

Materials

  • Foundation: Crawl,Partial Basement
  • Construction materials: Stone

Type & Style

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

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Range/Oven,Refrigerator,Gas Water Heater
  • Laundry features: Main Level

Basement

  • Has basement: Yes
  • Basement: Block,Egress/Daylight Windows,Finished,Partial,Sump Pump

Bathroom1

  • Level: Main

Bathroom2

  • Level: Upper

Bedroom1

  • Level: Main
  • Area: 456

Bedroom2

  • Level: Upper
  • Area: 195

Bedroom3

  • Level: Upper
  • Area: 120

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 4
  • Full bathrooms: 2
  • 1/2 bathrooms: 2

Dining Room

  • Level: Main
  • Area: 120

Family Room

  • Level: Lower
  • Area: 462

Features

  • 9 ft + Ceilings,Cathedral/Vaulted Ceiling,Walk-In Closet(s)
  • Fireplace features: Gas,Great Room
  • Fireplace: Yes
  • Finished area below ground: 625

Heating & Cooling

  • Heating features: Natural Gas,Forced Air
  • Cooling features: Ceiling Fan(s),Central Air

Interior Area

  • Total structure area: 3,267,637
  • Total interior livable area: 3,267 sqft

Kitchen

  • Level: Main
  • Area: 216

Office

  • Level: Upper
  • Area: 120

Property

Accessibility

  • Accessibility features: Exterior Wheelchair Access,Interior Accessibility Features

Details

  • Parcel number: 01061250021100
  • Zoning description: Residential
  • Other equipment: Sump Pump

Features

  • Levels: Tri-Level
  • Patio & porch: Patio,Porch
  • Exterior features: Lawn Sprinkler
  • Has view: Yes
  • View description: Water
  • Has water view: Yes
  • Water view: Water
  • On waterfront: Yes
  • Waterfront features: All Sports Lake,Canal Front,Dock/Pier Facility,Lake Front,Lake/River Access,Seawall,Waterfront
  • Waterbody name: Sanford Lk Tittabawassee
  • Frontage type: Waterfront
  • Frontage length: 611

Lot

  • Lot size: 0.92 Acres
  • Features: Large Lot - 65+ Ft.
  • Lot size dimensions: Irreg

Parking

  • Total spaces: 4.5
  • Parking features: Attached,Electric in Garage,Garage Door Opener,Direct Access,3 or More Spaces,Garage
  • Has garage: Yes
  • Attached garage spaces: 4.5
  • Covered spaces: 4.5

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

  • Winter Weather
    Winter WeatherRelatively High
  • Cold Wave
    Cold WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Winter Weather
Cold Wave
Inland Flooding
Strong Wind
Tornado

FEMA Declared Disasters in Midland 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 $4,348$52,176
Home Insurance *$441$5,292
Property Taxes $1,784$21,408
Electricity $356$4,276
Total$6,929$83,148
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$237,565/yr
40% on housing$207,870/yr
45% on housing$184,773/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: 8.7%
8.7%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 0.6%
0.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$263This listing

vs Other Active Listings

Avg $/sqft

ZIP 48657$121
Midland County$153

vs Homes Sold Last Month

Median $/sqft

ZIP 48657$166
Midland County$140

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
2026-05-08Listed for sale$899,000
2024-09-11Listing removed$849,000
2024-09-01Listed for sale$849,000
2024-07-10Listing removed$849,000
2024-06-07Price change$849,000
2024-06-01Price change$869,000
2024-05-02Price change$870,000
2024-04-11Price change$875,000
2024-01-06Listed for sale$899,000
2017-06-01Sold$330,000

For Sale by Agent

AgentJerri Scurfield
BrokerageAyre Rhinehart Real Estate Partners

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