For Sale
7841 Peninsular Drive, Farwell, MI 48622
$499,000
MLS # 50204326 (MiRealSource)
3 beds2 bathsBuilt 19780.46 acres
1 / 38
Listing Description
72-hour kick out clause, please show! 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.
Source: SparkMLS
About this home
Located in Farwell, this property offers 3-bedroom, 2-bath, with original construction dating to 1978.
Currently offered at $499,000.
Electric service is provided by Consumers Energy Company; natural gas by DTE Gas Company.
Listing Property Details
Property TypeResidential
Property SubtypeSingle Family Residence
Bedrooms3
Bathrooms2
Lot Size0.46 acres
Year Built1978
Location
CityFarwell
MunicipalityGrant Twp
Zip Code48622
CountyClare
School DistrictFarwell
Construction & Systems
ConstructionVinyl Siding
Garage2 spaces
HeatingForced Air
SewerSeptic Tank
Sale & Financing
Listed4/13/2026
Terms AcceptedCash, Conventional, FHA, VA Loan
Source: SparkMLS
Property Records
FEMA Flood Zone: Zone X — Minimal flood risk
Source: FEMA NFHLUSDA Rural Development: Eligible — 0% Down Payment Available
Verify eligibility at USDAListed by Erin Peffer
Five Star Real Estate
Frequently Asked Questions about 7841 Peninsular Drive, Farwell, MI 48622
What school district is 7841 Peninsular Drive, Farwell, MI 48622 in?
Per MLS# 50204326, this property is served by Farwell. In Michigan, school district boundaries are set by the state and do not always follow city limits.
What type of financing is accepted for this listing?
Per MLS# 50204326, the seller has indicated this property accepts the following financing types: Cash, Conventional, FHA, VA Loan. FHA financing can offer lower down payment requirements for qualified buyers. Financing acceptance is subject to change — confirm with the listing agent.
Is 7841 Peninsular Drive, Farwell, MI 48622 eligible for USDA financing?
Per USDA boundary maps, this property is located in a USDA-eligible area, which means qualified buyers may be able to finance with 0% down through the USDA Rural Development program. Confirm current eligibility directly with USDA.
What is the FEMA flood zone designation for this property?
Per FEMA's National Flood Hazard Layer, 7841 Peninsular Drive, Farwell, MI 48622 is in flood zone X (minimal risk). Flood insurance is not typically required in this zone but may still be advisable. FEMA flood maps are updated periodically — verify the current designation at msc.fema.gov.
Who are the utility providers for this property?
Per Michigan Public Service Commission service territory data: Electric: Consumers Energy Company. Gas: DTE Gas Company. Sewer: Septic Tank. Confirm service details directly with providers.
How safe is this area?
For crime and public safety data, we recommend inquiring directly with the Grant Twp police department or the Clare County sheriff's office.
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Monthly payment$3,237
Principal & interest$3,237
Estimate only. Does not include PMI or other fees. Consult a lender for exact rates.
Utilities
Consumers Energy Company
Investor-Owned
DTE Gas Company
Investor-Owned
MI Public Service Commission service territory boundaries.
Property
7841 Peninsular Drive, Farwell, MI 48622
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