Contingent

$475,000

3500 Borchers Way, Grayling, MI 49738

--beds

0baths

3.1Acres

Unimproved Land

Built in ----

3.1 Acres Lot

$427,600 Zestimate^®

$--/sqft

$-- HOA

What's special

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. Please schedule showings through MLS# 201839918

150 days
77
1

Facts & features

Interior

Bedrooms & bathrooms

Bathrooms: 0

Property

Features

On waterfront: Yes
Body of water: Lake Margrethe
Frontage type: All-Sport

Lot

Size: 3.1 Acres
Dimensions: 3.1 acres

Details

Parcel number: 040420220320000
Special conditions: Listing Status; Active w/ Contingencies
Wooded area: 75

Utilities & green energy

Sewer: Septic Installed

Community & HOA

Community

Subdivision: T26N, R4W

Location

Region: Grayling

Financial & listing details

Tax assessed value: $406,000
Annual tax amount: $9,027
Date on market: 5/8/2026
Listing terms: Cash,Cash to New Mortgage,Land Contract
Ownership: Owner
Road surface type: Gravel, Maintained

Estimated market value

$427,600

$389,000 - $458,000

Not available

Price history

Date	Event	Price
8/10/2026	Contingent	$475,000
Source: WWMLS #201839918 Report a problem
5/8/2026	Listed for sale	$475,000+3.8%
Source: WWMLS #201839917 Report a problem
8/31/2023	Sold	$457,500+86.7%
Source: Public Record Report a problem
6/19/2017	Sold	$245,000
Source: Public Record Report a problem
5/10/2016	Sold	$245,000-18.3%
Source: Agent Provided Report a problem
12/1/2015	Listing removed	$299,900
Source: CENTURY 21 RIVER COUNTRY #290143 Report a problem
7/2/2015	Listed for sale	$299,900-11.5%
Source: CENTURY 21 River Country Real Estate #6803 Report a problem
8/14/2014	Price change	$339,000-8.1%
Source: CENTURY 21 River Country Real Estate #6803 Report a problem
5/8/2014	Listed for sale	$369,000
Source: CENTURY 21 RIVER COUNTRY #290143 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	$9,027 -2%	$203,000 +1.7%
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