Priced below a recent appraisal, this home offers year around living on all sports 5 lakes just outside of Clare. Home is well maintained and offers 3 bed 1 bath, newer nat gas furnace with central air, 66 ft of water frontage with sea wall, dock and steps to the sandy beach included. The covered porch offers an incredible view of the lake and a great place to enjoy your morning coffee or favorite after work refreshment. 5 Lakes is a public lake encompassing approx 144 acres and offers some great pan fishing including bass, pike, crappies and blue gills. All listing info/measurements are approx. * Google maps does not recognize the correct street name "Peninsular" If you use "Peninsula" it will show you the correct location.*
Sold for $275,011
$275,011
7940 Peninsular Dr, Farwell, MI 48622
3beds
1,119sqft
Single Family Residence
Built in ----
4,356 Square Feet Lot
$263,800 Zestimate®
$246/sqft
$1,708 Estimated rent
Home value
$263,800
$237,000 - $290,000
$1,708/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
BRENT DUFFETT 989-429-0181,
PEYTON PROPERTIES, LLC
Bought with:
IVIE BAKER, 6502368792
Baker-Kehoe Realty LLC
Source: MiRealSource,MLS#: 50192407
Originating MLS: Clare Gladwin Board of REALTORS
Originating MLS: Clare Gladwin Board of REALTORSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
- Main level bathrooms: 1
- Main level bedrooms: 3
Rooms
- Room types: Entry, Family Room, Bedroom, Laundry, Utility/Laundry Room, Bathroom
Bedroom 1
- Level: Main
- Area: 117
- Dimensions: 13 x 9
Bedroom 2
- Level: Main
- Area: 108
- Dimensions: 12 x 9
Bedroom 3
- Level: Main
- Area: 81
- Dimensions: 9 x 9
Bathroom 1
- Level: Main
- Area: 45
- Dimensions: 9 x 5
Dining room
- Level: Main
- Area: 168
- Dimensions: 14 x 12
Kitchen
- Level: Main
- Area: 126
- Dimensions: 14 x 9
Living room
- Level: Main
- Area: 168
- Dimensions: 14 x 12
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dryer, Range/Oven, Refrigerator, Washer, Water Softener Owned, Gas Water Heater
- Laundry: First Floor Laundry, Laundry Room, Main Level
Features
- Eat-in Kitchen
- Basement: Crawl Space
- Number of fireplaces: 1
- Fireplace features: Family Room, Gas
Interior area
- Total structure area: 1,119
- Total interior livable area: 1,119 sqft
- Finished area above ground: 1,119
- Finished area below ground: 0
Property
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- On waterfront: Yes
- Waterfront features: All Sports Lake, Lake Front, Seawall, Waterfront, Interior Lake, Sandy Bottom
- Body of water: Five Lakes
- Frontage length: 66
Lot
- Size: 4,356 Square Feet
- Dimensions: 66 x 61 x 64 x 75
- Features: Cul-De-Sac, Dead End, Subdivision
Details
- Additional structures: Shed(s)
- Parcel number: 18 015 240 215 00
- Special conditions: Private
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Brick, Vinyl Siding
- Foundation: Slab
Utilities & green energy
- Sewer: Septic Tank
- Water: Private Well
Community & HOA
Community
- Subdivision: Five Lakes #2
HOA
- Has HOA: Yes
- HOA fee: $175 annually
Location
- Region: Farwell
Financial & listing details
- Price per square foot: $246/sqft
- Tax assessed value: $205,314
- Annual tax amount: $2,193
- Date on market: 10/23/2025
- Cumulative days on market: 18 days
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan,USDA Loan
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Sold | $275,011-9.8%$246/sqft |
Source:  MiRealSource #50192407 Report a problem | ||
| 11/10/2025 | Pending sale | $304,900$272/sqft |
Source: MiRealSource #50192407 Report a problem | ||
| 10/23/2025 | Listed for sale | $304,900+125.9%$272/sqft |
Source: MiRealSource #50192407 Report a problem | ||
| 6/25/2002 | Sold | $135,000$121/sqft |
Source: MiRealSource #41027978 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,194 +10.8% | $102,657 +8.7% |
| 2024 | $1,981 | $94,441 +1.5% |
| 2023 | -- | $93,056 +15.2% |
| 2022 | -- | $80,811 -4% |
| 2021 | -- | $84,200 +5.4% |
| 2020 | -- | $79,900 +1.1% |
| 2019 | -- | $79,000 +10.3% |
| 2018 | -- | $71,600 -3.1% |
| 2017 | -- | $73,900 +4% |
| 2016 | -- | $71,045 +7.8% |
| 2015 | -- | $65,876 -1.6% |
| 2014 | -- | $66,970 +7.2% |
| 2013 | -- | $62,492 -3% |
| 2012 | -- | $64,421 -0.7% |
| 2011 | -- | $64,900 |
Find assessor info on the county website
Neighborhood: 48622
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Nearby schools
GreatSchools rating
- 4/10Farwell Middle SchoolGrades: 4-7Distance: 3.8 mi
- 7/10Farwell High SchoolGrades: 8-12Distance: 3.8 mi
- 4/10Farwell Elementary SchoolGrades: PK-3Distance: 3.9 mi
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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- Michigan
- Clare County
- Farwell
- 48622
- 7940 Peninsular Dr
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