Here we offer Wood Island available for purchase. Situated on the outer boundary of Munising Bay, this private island offers the convenience of the proximity to the City of Munising and the protection of the bay in one direction, and the vast open waters of Lake Superior in the other. What an amazing location to catch the northern lights! There's approximately 188 wooded acres and an estimated 12,300 feet of Lake Superior frontage. The forests are mixed Northern Hardwoods and Hemlocks, along with some pines and cedars. The shoreline varies between mixed brownstones, small stone beaches, areas of Jacobsville Sandstone, short bluffs and taller cliffs. Sunrises will come from behind Grand Island to the east and the sunsets will shine over the vast waters of the Lake Superior from the west. The City of Marquette is 45 miles from Munising on the highway and around 31 miles by boat. Grand Island National Recreation Area and Pictured Rocks National Lakeshore are both major attractions in the immediate area. Excellent shore parcel available, with a purchase of Wood Island, on Reindeer Run, with 6.4 acres +/- and 533' +/- frontage on Lake Superior, for $485,000, MLS# 50153937. Don't miss your opportunity to have your own private island in this amazing Northern Michigan location!
Property Details
Property Features
Listing Office:
Office Name: Realty Now, LLC
Office Phone: (906) 360-7653
Listing Agent: Jason Copeman
Exterior Features
Exterior Information:
Waterfront: Island, Lake Front, Waterfront, Lake
View: Lake, Water
Lot Features
Lot Information:
Lot: Rural Area, Wooded
Lot Size: 188.00 Acres
School Info
School District Information:
School District: Munising Public Schools
Other
Directions Information:
Directions: Access by boat.
Price Information
Listing Price Info
Price Summary:
List Price: $3,850,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Munising, MI.
This property is $3.6M more than the Median Sold Price in Munising, MI.
Based on homes sold in October 2024
MLS Details
MLS Information:
MLS Name: MiRealSource
MLS Number: #50151654
Listing Office:
Office Name: Realty Now, LLC
Office Phone: (906) 360-7653
Listing Agent: Jason Copeman
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.
Copyright 2024 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.
The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. 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: 11/24/2024, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$19.2K
Per Month
Principal & Interest
$19.2K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$11.6K
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
William G Mather Elementary School
411 Elm Ave
Distance between this listing and this school2.34 miles
Public District Grades PK-5
We're sorry, we currently don't have middle school data for this listing.
Nearby Schools
5
/10
Munising High and Middle School
810 E State Highway M28
Distance between this listing and this school2.78 miles
Public District Grades 6-12
6
/10
Superior Central School
E2865 State Rd 94
Distance between this listing and this school17.65 miles
The neighbors living near this home have an average income of $43,523. Residents of Munising, MI typically earn between $35k-100k each year. Residents typically live in married, no kids family. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About Wood Is
What is the listing price of this property?
The listing price of Wood Is property is $3,850,000.
What type of property is this?
The property Wood Is is land located in Munising, Michigan, 49862.
Is this property for sale now?
Active Listing: Wood Is is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at Wood Is in Munising, MI and zip code 49862. This home sits on a 188.00 acre lot. It has been listed on Rocket Homes since August 10, 2024 and is currently priced at $3,850,000.
Over 0 listings were sold over their listed price in October 2024 in Munising, MI. In the same period over 2 listings were sold below the listed price and 0 listings were sold for the listed price. The number of listings in Munising, MI decreased by 18.5% between September 2024 and October 2024. In October 2024 median list price was $217,500 and the average listing age was 57 days.
From Rocket Homes Real Estate and based on county public records data.