Discover an extraordinary 3.1-acre build site with 150 feet of private frontage on the pristine Lake Margrethe. This sandy bottom lake offers crystal clear waters and breathtaking panoramic views. The build site is expertly laid out, ready for your dream home. Complementing this unique offering is a charming 1-bed, 1-bath, 321 sq ft bunkhouse, perfect for guests or a cozy retreat. Located near Hansen Hills Ski & Recreation Area, enjoy endless outdoor adventures on miles of bicycle trails and the nearby Au Sable River. This is a rare opportunity for lakeside living with convenience and natural beauty. Cable internet and natural gas available.
For sale
$475,000
3500 Borchers Way, Grayling, MI 49738
1beds
321sqft
Single Family Residence
Built in 1960
3.1 Acres Lot
$-- Zestimate®
$1,480/sqft
$-- HOA
What's special
Crystal clear watersSandy bottom lakeBreathtaking panoramic views
- 71 days |
- 1,318 |
- 72 |
Zillow last checked:
Listing updated:
Listed by:
Michael Rosen 989-370-6785,
smith realty GROUP 989-732-2477,
Ryan Wojan 312-545-8596
Source: WWMLS,MLS#: 201839918
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 1
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Electric, Wall Furnace
Appliances
- Included: Refrigerator, Microwave
- Laundry: None
Features
- Ceiling Fan(s), Vaulted Ceiling(s)
- Flooring: Laminate
- Basement: None
Interior area
- Total structure area: 321
- Total interior livable area: 321 sqft
- Finished area above ground: 321
Property
Features
- On waterfront: Yes
- Body of water: Lake Margrethe
- Frontage type: All-Sport
Lot
- Size: 3.1 Acres
- Dimensions: 3.1 acres
- Features: Natural
Details
- Parcel number: 040420220320000
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Cabin
- Property subtype: Single Family Residence
Materials
- Foundation: Pillar/Post/Pier
Condition
- Year built: 1960
Utilities & green energy
- Sewer: Septic Tank
- Utilities for property: Cable Connected
Community & HOA
Community
- Subdivision: T26N, R4W
Location
- Region: Grayling
Financial & listing details
- Price per square foot: $1,480/sqft
- Tax assessed value: $399,200
- Annual tax amount: $9,212
- Date on market: 5/8/2026
- Listing terms: Cash,Conventional Mortgage
- Ownership: Owner
- Road surface type: Gravel, Maintained
Estimated market value
Not available
Estimated sales range
Not available
$888/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/8/2026 | Listed for sale | $475,000+3.8%$1,480/sqft |
Source:  WWMLS #201839917 Report a problem | ||
| 8/31/2023 | Sold | $457,500+86.7%$1,425/sqft |
Source: Public Record Report a problem | ||
| 6/19/2017 | Sold | $245,000$763/sqft |
Source: Public Record Report a problem | ||
| 5/10/2016 | Sold | $245,000-18.3%$763/sqft |
Source: Agent Provided Report a problem | ||
| 12/1/2015 | Listing removed | $299,900$934/sqft |
Source: CENTURY 21 RIVER COUNTRY #290143 Report a problem | ||
| 7/2/2015 | Price change | $299,900-11.5%$934/sqft |
Source: CENTURY 21 River Country Real Estate #6803 Report a problem | ||
| 8/14/2014 | Price change | $339,000-8.1%$1,056/sqft |
Source: CENTURY 21 River Country Real Estate #6803 Report a problem | ||
| 5/8/2014 | Listed for sale | $369,000$1,150/sqft |
Source: CENTURY 21 RIVER COUNTRY #290143 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,212 +18.3% | $199,600 -0.2% |
| 2024 | $7,786 +4.7% | $200,000 +14.4% |
| 2023 | $7,433 | $174,800 +10.1% |
| 2022 | -- | $158,800 +1.1% |
| 2021 | -- | $157,100 -4.4% |
| 2020 | -- | $164,300 -7.1% |
| 2019 | -- | $176,800 -0.9% |
| 2018 | $7,227 +4% | $178,400 +13.3% |
| 2017 | $6,951 +59.5% | $157,500 -12% |
| 2016 | $4,359 | $179,000 |
| 2015 | $4,359 | $179,000 +40.6% |
| 2014 | -- | $127,300 -0.4% |
| 2013 | -- | $127,800 +4.2% |
| 2012 | -- | $122,700 -26.2% |
| 2011 | -- | $166,300 -26.4% |
| 2010 | -- | $225,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 49738
Nearby schools
GreatSchools rating
- 6/10Grayling Middle SchoolGrades: 5-8Distance: 3.6 mi
- 7/10Grayling High SchoolGrades: 9-12Distance: 5.1 mi
- 6/10Grayling Elementary - Ausable Primary SchoolGrades: PK-4Distance: 4.1 mi
Schools provided by the listing agent
- Elementary: Grayling
- High: Grayling
Source: WWMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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