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For sale
    • Price cut: $10K (7/22)
    $489,000

    7841 Peninsular Dr, Farwell, MI 48622

    3beds
    2,706sqft
    : 
    $3,498/mo
    Get pre-qualified
    Single Family Residence
    Built in 1978
    0.46 Acres Lot
    $484,500 Zestimate®
    $181/sqft
    $22/mo HOA

    What's special

    Modern wifi-enabled appliancesPrivate dock includedSpacious walk-in closetSpa-inspired walk-in showerCozy wood-burning fireplace
    Experience refined lakefront living on the all-sports shores of Five Lakes in Clare County. With 126 feet of pristine private frontage, this beautifully updated 3-bedroom, 2-bath residence offers an exceptional blend of comfort, style, and breathtaking waterfront views—plus a versatile fourth bedroom or private office on the lower level. Designed for both relaxation and entertaining, this sprawling ranch showcases a thoughtfully finished walkout lower level featuring an expansive family room that seamlessly extends to the outdoors. The primary suite serves as a true retreat, complete with a spacious walk-in closet and a spa-inspired walk-in shower. Walls of windows bathe the home in natural light while framing panoramic lake views from nearly every lakeside room. Step outside to over 1,200 square feet of elevated decking or unwind on the lower-level patio—perfectly positioned for sunset views and effortless indoor-outdoor living. The kitchen is appointed with granite countertops and modern WiFi-enabled appliances, flowing into a distinctive sunken living room anchored by a cozy wood-burning fireplace—ideal for year-round enjoyment. With a private dock included, this turnkey waterfront escape invites you to embrace the ultimate lakefront lifestyle in one of Central Michigan’s most sought-after all-sports destinations.
    108 days
    |
    1,000
    |
    51
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Erin Peffer 989-429-6019,

    Five Star Real Estate 989-533-5270

    Source: MiRealSource,MLS#: 50204326MLS LogoOriginating MLS: Saginaw Board of REALTORS

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 3
      • Bathrooms: 2
      • Full bathrooms: 2
      • Main level bathrooms: 2
      • Main level bedrooms: 3
      Bedroom 1
      • Level: Main
      • Area: 231
      • Dimensions: 21 x 11
      Bedroom 2
      • Level: Main
      • Area: 110
      • Dimensions: 11 x 10
      Bedroom 3
      • Level: Main
      • Area: 168
      • Dimensions: 14 x 12
      Bathroom 1
      • Level: Main
      • Area: 130
      • Dimensions: 13 x 10
      Bathroom 2
      • Level: Main
      • Area: 30
      • Dimensions: 10 x 3
      Dining room
      • Level: Main
      • Area: 160
      • Dimensions: 16 x 10
      Family room
      • Level: Lower
      • Area: 540
      • Dimensions: 18 x 30
      Kitchen
      • Level: Main
      • Area: 375
      • Dimensions: 25 x 15
      Living room
      • Level: Main
      • Area: 294
      • Dimensions: 14 x 21
      Heating
      • Forced Air, Natural Gas
      Cooling
      • Central Air
      Appliances
      • Included: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
      Features
      • Basement: Block,Finished,Walk-Out Access
      • Number of fireplaces: 2
      • Fireplace features: Family Room, Living Room, Wood Burning Stove, Wood Burning
      Interior area
      • Total structure area: 3,000
      • Total interior livable area: 2,706 sqft
      • Finished area above ground: 2,000
      • Finished area below ground: 706

      Property

      Parking
      • Total spaces: 2
      • Parking features: Attached
      • Attached garage spaces: 2
      Features
      • Levels: One
      • Stories: 1
      • Has view: Yes
      • View description: Lake
      • Has water view: Yes
      • Water view: Lake
      • Waterfront features: Waterfront
      • Body of water: Five Lakes
      • Frontage length: 126
      Lot
      • Size: 0.46 Acres
      Details
      • Additional structures: Garage(s)
      • Parcel number: 01524020201
      • Special conditions: Private

      Construction

      Type & style
      • Home type: SingleFamily
      • Architectural style: Ranch
      • Property subtype: Single Family Residence
      Materials
      • Vinyl Siding, Vinyl Trim
      • Foundation: Basement
      Condition
      • Year built: 1978

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Private Well

      Community & HOA

      Community
      • Subdivision: Five Lakes
      HOA
      • Has HOA: Yes
      • HOA fee: $262 annually
      • HOA name: Five Lakes
      Location
      • Region: Farwell

      Financial & listing details

      • Price per square foot: $181/sqft
      • Tax assessed value: $372,020
      • Annual tax amount: $4,220
      • Date on market: 4/14/2026
      • Cumulative days on market: 109 days
      • Listing agreement: Exclusive Right To Sell
      • Listing terms: Cash,Conventional,FHA,VA Loan,USDA Loan
      • Road surface type: Paved

        Estimated market value

        $484,500

        $460,000 - $509,000

        $1,872/mo

        Price history

        DateEventPrice
        7/22/2026Price change$489,000-2%$181/sqft
        Source: MiRealSource #50204326 Report a problem
        5/21/2026Listed for sale$499,000$184/sqft
        Source: MiRealSource #50204326 Report a problem
        4/23/2026Contingent$499,000$184/sqft
        Source: MiRealSource #50204326 Report a problem
        4/14/2026Listed for sale$499,000$184/sqft
        Source: MiRealSource #50204326 Report a problem
        10/19/2025Listing removed$499,000$184/sqft
        Source: Realcomp II #61050171920 Report a problem
        8/4/2025Price change$499,000-4.8%$184/sqft
        Source: MiRealSource #50171920 Report a problem
        6/19/2025Price change$524,000-4.6%$194/sqft
        Source: MiRealSource #50171920 Report a problem
        5/14/2025Price change$549,000-4.5%$203/sqft
        Source: MiRealSource #50171920 Report a problem
        4/18/2025Listed for sale$575,000+9.5%$212/sqft
        Source: MiRealSource #50171920 Report a problem
        8/6/2024Listing removed$525,000$194/sqft
        Source: MiRealSource #50132858 Report a problem
        7/2/2024Price change$525,000-4.5%$194/sqft
        Source: MiRealSource #50132858 Report a problem
        2/6/2024Listed for sale$550,000$203/sqft
        Source: MiRealSource #50132858 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$4,221 +6.9%$186,010 +8.3%
        2024$3,949 $171,761 +1.5%
        2023-- $169,153 +14.5%
        2022-- $147,691 -4.1%
        2021-- $154,000 +5.1%
        2020-- $146,500 +1.1%
        2019-- $144,900 +9.7%
        2018-- $132,100 -3.2%
        2017-- $136,500 +4.1%
        2016-- $131,079 +7.9%
        2015-- $121,483 -5.2%
        2014-- $128,159 +7%
        2013-- $119,779 -3.2%
        2012-- $123,714 -0.7%
        2011-- $124,600
        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.
        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: 48622

        Getting around

        0 / 100
        Car-Dependent
        13 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Farwell Area Schools

        Source: MiRealSource. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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