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7494 S Shore Dr, Bear Lake, MI, 49614

$795,000

Home List Price

$9,441*

Closing Credit

4 Bedrooms
2 Full Baths
1,904 SqFt
$418/SqFt
House

Location

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7494 S Shore Dr, Bear Lake$795,000

Buyer Closing Credits

$9,441*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingConcrete, Private, Detached, Door Opener, Concrete Floors
Garage2 spaces
Year Built1965
HeatingForced Air
CoolingCentral Air
WaterfrontPrivate Frontage, Lake, All Sports, Waterfront, Private Dock, Sandy Bottom, Private Lake
FireplaceNone
MLS #1928052
Lot Size0.58 Acres
StatusActive
(Price Change)

About 7494 S Shore Dr

Welcome to Bear Lake! After 80+ cherished years, this beloved family retreat is now ready for a new generation to create lasting memories. Nestled on the scenic south shore of the serene 1,800-acre Bear Lake, this lakefront home captures the essence of northern Michigan's lakeside living. Boasting over 167 feet of pristine lake frontage, the property features a private dock for boats and water toys, ensuring endless days of fun on the water. The expansive waterfront yard is perfect for gatherings, with ample space for cookouts, campfires, and yard games. The screen porch and the second-floor balcony provide a breathtaking view of the tranquil waters, offering a peaceful spot to relax and unwind. Inside, the cottage offers four comfortable bedrooms and two full bathrooms, with forced heat and air conditioning to ensure year-round comfort. The oversized garage provides plenty of storage for vehicles and lake gear, making it the ideal base for all your adventures. Situated just two miles east of the scenic M22, this home is a short 20-minute drive from Crystal Mountain for skiing and golfing, 40 minutes from the iconic Sleeping Bear Dunes, and only 1 hour from the vibrant downtown Traverse City, known for its dining, shopping, and entertainment. Additionally, the prestigious Arcadia Bluffs Golf Club, renowned for its stunning courses and luxury amenities, is just a short drive away, offering both leisure and elegance. This is a rare opportunity to own a piece of Bear Lake history. Cottages with this much lake frontage in this sought-after area seldom come to market, making it a truly special find. Whether you're seeking outdoor adventures or craving peace and tranquility, this lakeside retreat delivers it all. Immediate possession at closing ensures you can complete your winter renovations in time for summer!

Property Details

Property Features

Property Information:

  • Architectural Style: 1.5 Story
  • Year Built: 1965
  • Living Area: 1,904 SqFt

Listing Office:

  • Office Name: REO-TCBeulah-Frankfort-233027
  • Office Phone: (231) 882-6996
  • Listing Agent: Jon Zickert

Interior Features

Interior Information:

  • Appliances: Refrigerator, Oven/Range, Disposal, Dishwasher, Washer, Dryer, Electric Water Heater
  • Interior: Foyer Entrance, Walk-In Closet(s), Mud Room, Formal Dining Room
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Private Frontage, Lake, All Sports, Waterfront, Private Dock, Sandy Bottom, Private Lake
  • Exterior: Balcony, Patio, Sidewalk, Landscaped, Screened Porch, Vinyl

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Concrete, Private, Detached, Door Opener, Concrete Floors

Lot Features

Lot Information:

  • Lot: Cleared, Level
  • Lot Size: 0.58 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: Bear Lake - Lake Street (US-31) to South Shore Drive, turn west to home on north side of road.

Price Information

Listing Price Info

Price Summary:

  • List Price: $795,000
  • Price Per SqFt: $418/SqFt
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Housing Market Comparison

See how this home compares to others in Bear Lake, MI.

Med. List Price

$295K

Med. Price/SqFt

$174

Avg. Days On Market

82

7494 S Shore Dr vs Bear Lake

41 DAYS ON ROCKET

-41 Days

$795,000

+$500K More

$418/SqFt

+$243 More

KEY TAKEAWAY

This property is $500K more than the Median List Price and $243/SqFt more than other homes in Bear Lake, MI.

Based on homes listed in the last 12 months

MLS Details

MLS Information:

  • MLS Name: TAAR
  • MLS Number: #1928052

Listing Office:

  • Office Name: REO-TCBeulah-Frankfort-233027
  • Office Phone: (231) 882-6996
  • Listing Agent: Jon Zickert

Copyright © 2024 Northern Great Lakes REALTORS® MLS™ All Rights Reserved. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 12:20:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021 - $159,200
2020 - $156,600
2019 - $147,900
2018 - $144,900
2017 - $138,000

History based on county public records data.

Payment Calculator

$4,035

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,450

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-290928
6
/10
  • Bear Lake Elementary School

  • 7748 Cody St

  • 0.33 miles

  • Public District Grades PK-6

school-card-donut-290929
4
/10
  • Knd Elementary School

  • 4400 Highbridge Rd

  • 10.44 miles

  • Public Magnet Grades KG-6

school-card-donut-290930
3
/10
  • Betsie Valley School

  • 17936 Cadillac Hwy

  • 11.51 miles

  • Public Magnet Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $43,598. The most common annual income of people living in Bear Lake, MI is between $35k-100k. The most common type of family is married, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 7494 S Shore Dr

What is the listing price of this property?

The listing price of 7494 S Shore Dr property is $795,000.

What type of property is this?

The property 7494 S Shore Dr is a house located in Bear Lake, Michigan, 49614.

Is this property for sale now?

Active Listing: 7494 S Shore Dr is For Sale (Active/New) which means the seller is accepting offers.

How many bedrooms and bathrooms does this property have?

The property at 7494 S Shore Dr has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 7494 S Shore Dr is 1,904 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 7494 S Shore Dr is 1965.

Rocket Homes›Michigan›Manistee County›Bear Lake›49614›7494 S Shore Dr

This home is located at 7494 S Shore Dr in Bear Lake, MI and zip code 49614. This 1,904 square foot home, which was built in 1965, sits on a 0.58 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 10, 2024 and is currently priced at $795,000.

Between September 2024 and October 2024, Bear Lake, MI real estate market has seen decrease in the number of listings by 21.1%. The median list price of listings available in October 2024 was $295,000, while the average time on the real estate market was 82 days.

From Rocket Homes Real Estate and based on county public records data.

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