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Off market
  • $612,500

    10110 Portage Lake Dr, Grayling, MI 49738

    2beds
    2baths
    2,058sqft
    SingleFamily
    Built in ----
    1.3 Acres Lot
    $612,500 Zestimate®
    $298/sqft
    $1,677 Estimated rent

    Home value

    $612,500

    $496,000 - $735,000

    $1,677/mo

    Zestimate® history
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    Owner options

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    $1,677/mo

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    $1,677/mo

    Rent Zestimate®

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    $3,886/mo

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    $3,886/mo

    Est. payment

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    What's special

    Welcome to Lake Margrethe! VRBO opportunity! Comfortably situated across 1.3 AC with expansive westerly lake views, this is a one-of-a-kind opportunity to enjoy private lake frontage with immediate resort income potential. The primary lake house with over 2,000SF of living space provides ample room for the largest crews, and for the smaller parties, they can choose between 1 of the 4 cottages ranging from 2-3 bedrooms each. Nearly half of the property remains undeveloped making it ideal for future expansion or a common space, such as a park or additional parking. The potential here is unparallel to anything we've seen available on the lake in years!

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 2
    • Bathrooms: 2
    Interior area
    • Total interior livable area: 2,058 sqft

    Property

    Features
    • On waterfront: Yes
    Lot
    • Size: 1.3 Acres
    Details
    • Parcel number: 040457610401100

    Construction

    Type & style
    • Home type: SingleFamily

    Community & HOA

    Location
    • Region: Grayling

    Financial & listing details

    • Price per square foot: $298/sqft
    • Tax assessed value: $634,800
    • Annual tax amount: $12,692

    Price history

    DateEventPrice
    11/22/2022Sold$500,000-23.1%$243/sqft
    Source: WWMLS #201821097 Report a problem
    10/3/2022Price change$649,900-6.5%$316/sqft
    Source: WWMLS #201821097 Report a problem
    9/13/2022Listed for sale$695,000$338/sqft
    Source: WWMLS #201821097 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$12,692 +4.5%$317,400 +2.8%
    2024$12,141 +180.8%$308,700 +15.4%
    2023$4,324 $267,600 +6.7%
    2022-- $250,800 +7.6%
    2021-- $233,100 +0.3%
    2020-- $232,400 +3.8%
    2019-- $224,000 +2.3%
    2018$3,789 +4.9%$219,000 +30.3%
    2017$3,612 +0.8%$168,100 +4.6%
    2016$3,582 $160,700
    2015$3,582 $160,700 +25.5%
    2014-- $128,000 +7.9%
    2013-- $118,600 +4.8%
    2012-- $113,200 -15.6%
    2011-- $134,100 -10.4%
    2010-- $149,600
    Find assessor info on the county website

    Neighborhood: 49738

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.