Discover your perfect retreat in this stunning 2-bedroom, 2-bathroom home that offers 2,751 square feet of spacious living on 2.6 acres adorned with mixed trees and a lakefront view. This property has been thoughtfully remodeled and expanded since 1997, providing a modern haven on scenic KP Lake offering 209 feet of frontage. With over 200-acres of pristine water, reaching depths of 20 to 25 feet, the lake regularly has fish restored by the Department of Natural Resources (DNR), ensuring endless fishing opportunities. Plus, with only electric motors allowed, the lake remains serene and clean. For your convenience, a dock with power and a paddleboard are included, along with a reliable whole-house standby Generac generator. Embrace the rich wildlife surrounding you, including deer, elk, bears, fox, majestic eagles, and loons that call on the lake. This home boasts a cozy gas stone fireplace, hearth, elegant oak flooring, a quaint office with a built-in desk, a two-car garage, and a spacious pole barn, all finished with recent metal roofing. Feel secure with the installed security alarm and cameras. Enter home with stunning window views, soaring vaulted ceilings, and walk-out decks. Indulge in the master suite, featuring a large, relaxing, windowed sunroom overlooking the lake, and a jacuzzi tub, while the main bathroom impresses with undermount double basin Corian sinks on soft close vanity cabinetry and a walk-in shower surround complete with teak seat. The kitchen is a chef's dream with Jenn-Air touch glass cook top, Jenn-Air double ovens, Corian countertops and an undermount double basin Corian sink, spacious custom built-in Kraft Maid cabinetry. An additional finished rec area and sleeping area for guests is on the lower floor, which includes a deck and steps leading down to the lake. No showings until July 15.
For sale
$520,000
7208 Key Phyve Trl, Grayling, MI 49738
2beds
2,751sqft
SingleFamily
Built in 1970
2.61 Acres Lot
$506,600 Zestimate®
$189/sqft
$-- HOA
What's special
Lakefront viewDock with powerTwo-car garageWalk-out decksElegant oak flooringRecent metal roofingSoaring vaulted ceilings
- 18 days |
- 1,085 |
- 66 |
Zillow last checked:
Listing updated:
Listed by:
Kristin Mcdonald,
Harbor Sotheby's International Rlty - Harbor Sprgs 231-526-9889
Source: Northern Michigan MLS,MLS#: 479819
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Area: 201.6
- Dimensions: 14 x 14.4
Bedroom
- Area: 168.51
- Dimensions: 12.3 x 13.7
Bedroom 1
- Length: 13
Dining room
- Area: 319.2
- Dimensions: 12 x 26.6
Family room
- Area: 264
- Dimensions: 11 x 24
Kitchen
- Area: 133
- Dimensions: 9.5 x 14
Living room
- Area: 345
- Dimensions: 13.8 x 25
Heating
- Forced Air
Cooling
- Ceiling Fan(s), Central Air
Appliances
- Included: Built-in Microwave, Dishwasher, Refrigerator, Washer, Dryer, Range
Features
- Cathedral Ceiling(s)
- Flooring: Wood
- Basement: Full,Walk-Out Access,Finished
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total interior livable area: 2,751 sqft
Property
Parking
- Parking features: Detached Garage
- Has garage: Yes
- Covered spaces: 2
Features
- Patio & porch: Deck, Patio
- Exterior features: Dock
- Spa features: Bath
- On waterfront: Yes
- Waterfront features: Waterfront
Lot
- Size: 2.61 Acres
- Features: Paved
Details
- Additional structures: Garage(s)
- Parcel number: 010130280312000
Construction
Type & style
- Home type: SingleFamily
Materials
- Wood Frame/Site Built
Condition
- Year built: 1970
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Security: Security System
HOA
- Has HOA: No
Location
- Region: Grayling
Financial & listing details
- Price per square foot: $189/sqft
- Tax assessed value: $362,000
- Annual tax amount: $3,400
- Date on market: 6/18/2026
Estimated market value
$506,600
$481,000 - $532,000
$1,808/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/18/2026 | Listed for sale | $520,000+141.9%$189/sqft |
Source: | ||
| 9/24/2014 | Sold | $215,000-6.5%$78/sqft |
Source: | ||
| 7/2/2014 | Listed for sale | $229,900$84/sqft |
Source: Eagle Real Estate & Land Co. LLC dba Century 21 Eagle Real Estate #291669 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,400 +4.7% | $181,000 +9.3% |
| 2024 | $3,248 +4.2% | $165,600 +10.3% |
| 2023 | $3,116 | $150,200 +23.2% |
| 2022 | -- | $121,900 +0.7% |
| 2021 | -- | $121,100 +5.5% |
| 2020 | -- | $114,800 +8.2% |
| 2019 | -- | $106,100 -4% |
| 2018 | -- | $110,500 -4.2% |
| 2017 | -- | $115,300 +14.3% |
| 2016 | -- | $100,900 |
| 2015 | -- | $100,900 +40.7% |
| 2014 | -- | $71,700 -7.2% |
| 2013 | -- | $77,300 +7.8% |
| 2012 | -- | $71,700 -13.9% |
| 2011 | -- | $83,300 -5.3% |
| 2010 | -- | $88,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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Climate risks
Neighborhood: 49738
Nearby schools
GreatSchools rating
- 6/10Grayling Elementary - Ausable Primary SchoolGrades: PK-4Distance: 11.3 mi
- 6/10Grayling Middle SchoolGrades: 5-8Distance: 11.7 mi
- 7/10Grayling High SchoolGrades: 9-12Distance: 10.6 mi
Schools provided by the listing agent
- District: Crawford Ausable
Source: Northern Michigan MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
- Michigan
- Crawford County
- Grayling
- 49738
- 7208 Key Phyve Trl






