Explore the Best Grayling, MI Waterfront Homes for Sale in 2025

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Grayling, Michigan

Tucked away in the heart of Northern Michigan, Grayling offers a rare blend of small-town charm and untouched natural beauty. This welcoming community is celebrated for its peaceful, laid-back lifestyle and is especially beloved for its pristine waterfront living. With the legendary Au Sable River winding through the region and scenic spots like Lake Margrethe nearby, Grayling is a haven for fishing, kayaking, boating, and year-round recreation.

Waterfront homes in Grayling range from rustic log cabins to modern lakefront estates, making it a perfect destination for retirees, families, and outdoor enthusiasts alike. Residents enjoy a close-knit community atmosphere, scenic trails, abundant wildlife, and local events that bring neighbors together throughout the seasons.

Real Estate Statistics

Average Price	$444K
Lowest Price	$72.9K
Highest Price	$1.2M
Total Listings	27
Avg. Days On Market	67
Avg. Price/SQFT	$333

Property Types (active listings)

Browse Grayling Waterfront Homes for Sale

• All Listings
• Under $100,000
• $100,000 - $200,000
• $200,000 - $300,000
• $300,000 - $400,000
• $400,000 - $500,000
• $500,000 - $600,000
• $600,000 - $700,000
• $700,000 - $800,000
• Over $1,000,000

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$1,249,000

↓ $96,000

5605 Pershing Place, Grayling

5 Beds 3.5 Baths 2,324 SqFt Residential MLS® # 1935515

Pending

$799,000

5589 Pershing Place, Grayling

4 Beds 2 Baths 1,176 SqFt Residential MLS® # 1932851

$755,000

↓ $45,000

11208 Red Dog Trail, Grayling

2 Beds 0 Baths 1,351 SqFt Residential MLS® # 1938689

$755,000

↓ $45,000

11208 Red Dog Trail, Grayling

0 Beds 0 Baths 0 SqFt Land MLS® # 1938694

$749,000

↓ $50,000

5477 And 5466 Pershing Place, Grayling

3 Beds 2 Baths 990 SqFt Residential MLS® # 1932819

New

$660,000

100 State Street, Grayling

0 Beds 0 Baths 2,300 SqFt Commercial MLS® # 1938768

$549,000

000 Ray Avenue, Grayling

0 Beds 0 Baths 0 SqFt Land MLS® # 201834316

$525,000

V/l Grouse Trail 17+/- Acres, Grayling

0 Beds 0 Baths 0 SqFt Land MLS® # 201834360

$475,000

↓ $20,000

10317 Slide A Ways Trail, Grayling

3 Beds 2 Baths 1,876 SqFt Residential MLS® # 201837283

Pending

$475,000

2830 N Portage Avenue, Grayling

2 Beds 1 Bath 1,300 SqFt Residential MLS® # 201837330

$469,500

9143 N Lakeshore Drive, Grayling

2 Beds 1 Bath 847 SqFt Residential MLS® # 1936104

$450,000

↓ $25,000

268 Yorke Trail, Grayling

3 Beds 2 Baths 1,920 SqFt Residential MLS® # 201835385

$424,900

↓ $15,000

2179 Danish Landing Road, Grayling

4 Beds 3 Baths 1,760 SqFt Residential MLS® # 201836252

$419,000

1114 Moffatt Trail, Grayling

3 Beds 3 Baths 1,686 SqFt Residential MLS® # 476345

$399,900

2698 Newatch Avenue, Grayling

3 Beds 1 Bath 1,056 SqFt Residential MLS® # 201837362

$387,000

↓ $20,000

6960 Trem Pal, Grayling

3 Beds 2 Baths 1,728 SqFt Residential MLS® # 201836125

$325,000

9222 Twin Bridges Road, Grayling

3 Beds 2 Baths 1,056 SqFt Residential MLS® # 477634

$324,900

↓ $15,100

277 Wendy Lane, Grayling

4 Beds 2 Baths 1,700 SqFt Residential MLS® # 201833855

$299,900

14628 Club Circle, Grayling

3 Beds 1 Bath 1,180 SqFt Residential MLS® # 1933254

$288,000

↓ $41,000

3009 Northeast Trail, Grayling

2 Beds 2 Baths 1,870 SqFt Residential MLS® # 201835208

$248,500

11786 Monarch Meadow, Grayling

2 Beds 1 Bath 780 SqFt Residential MLS® # 201836303

$242,500

↓ $2,500

2706 Newatch Avenue, Grayling

2 Beds 1 Bath 945 SqFt Residential MLS® # 1936752

$200,000

↓ $10,000

2676 Kirkland Drive, Grayling

2 Beds 1 Bath 1,180 SqFt Residential MLS® # 201836464

$179,900

8530 W Matilda Drive, Grayling

2 Beds 1 Bath 768 SqFt Residential MLS® # 201837127

$129,900

000 W M-72 Highway 3.57 Acres, Grayling

0 Beds 0 Baths 0 SqFt Land MLS® # 201834616

New

$127,500

155 Tamarack Circle, Grayling

3 Beds 1 Bath 1,100 SqFt Residential MLS® # 201837538

$72,900

Wakeley Bridge Road 040-40-012-11-040-00, Grayling

0 Beds 0 Baths 0 SqFt Land MLS® # 201828736

Stunning Grayling, MI Waterfront Homes for Sale: 2025 Buying Guide

Discover the best Grayling, MI waterfront homes for sale! Explore stunning lakeside properties, market trends, and expert buying tips in our 2025 guide.

Introduction to Grayling, MI's Waterfront Real Estate Market

Nestled in the heart of Northern Michigan, Grayling offers a charming blend of small-town warmth and outdoor adventure. Known for its pristine lakes, winding rivers, and dense forests, Grayling’s waterfront real estate market is a hidden gem for buyers seeking serenity and natural beauty. Whether you’re dreaming of a rustic cabin by the river or a luxurious estate overlooking a tranquil lake, Grayling has something for every type of buyer.

The demand for Grayling, MI waterfront homes for sale has surged in recent years as more people seek a peaceful, nature-centric lifestyle. With easy access to recreational activities like boating, fishing, hiking, and snowmobiling, it's no wonder this picturesque town is gaining popularity among homebuyers.

Why Choose Grayling, MI for Your Waterfront Home?

Grayling isn’t just a location — it’s a lifestyle. Here's why so many are falling in love with Grayling:

• Natural Beauty: Towering pines, clear blue waters, and wildlife galore make every view postcard-perfect.

• Outdoor Recreation: With the Au Sable River and Lake Margrethe nearby, fishing, kayaking, and boating are everyday activities.

• Community Feel: Despite its growing popularity, Grayling maintains a tight-knit, welcoming community.

• Convenient Location: Just off I-75, Grayling offers easy access to larger cities like Traverse City and Gaylord.

Types of Waterfront Properties Available in Grayling, MI

When it comes to Grayling, MI waterfront homes for sale, buyers are spoiled for choice:

Lake Margrethe Waterfront Homes

One of the area's most beloved lakes, Lake Margrethe offers sandy beaches, clear water, and spectacular sunsets. Properties here range from charming cottages to grand lakefront estates.

Au Sable Riverfront Properties

If fishing is your passion, the Au Sable River is world-famous for its trout. Homes along the river offer private access to fly-fishing spots and peaceful, wooded surroundings.

Private Ponds and Smaller Lakes

Looking for more privacy? Grayling boasts numerous smaller lakes and private ponds, perfect for cozy cabins or seasonal retreats.

Average Prices for Grayling, MI Waterfront Homes

Grayling's real estate market caters to a wide range of budgets.

Budget-Friendly Options

Entry-level waterfront properties start around $250,000 to $300,000. These might include smaller homes or seasonal cottages needing a bit of TLC.

Luxury Waterfront Estates

For those seeking grandeur, luxury homes along Lake Margrethe or sprawling riverfront estates can exceed $500,000, offering premium amenities and expansive lots.

Key Features to Look for in Grayling Waterfront Homes

When shopping for waterfront property, keep an eye out for:

• Dock or Boat Lift: Essential for lake access.

• Acreage: More land equals more privacy.

• Modern Upgrades: Updated kitchens, bathrooms, and HVAC systems enhance comfort and resale value.

• Flood Risk Assessment: Always inspect for potential water damage or floodplain issues.

Benefits of Owning a Waterfront Home in Grayling, MI

Owning a waterfront property in Grayling isn't just an investment; it's a lifestyle upgrade.

• Recreational Access: Step outside your door and into a kayak or fishing boat.

• Resale Value: Waterfront properties traditionally appreciate well.

• Rental Potential: Many buyers offset costs by offering seasonal vacation rentals.

• Mental Wellness: Living near water has proven mental health benefits!

Steps to Buying Waterfront Homes in Grayling

Buying a waterfront home requires careful planning:

1. Identify Your Needs: Seasonal cabin or year-round residence?

2. Get Pre-Approved: Work with local lenders familiar with waterfront loans.

3. Hire a Specialist Agent: Local expertise is critical.

4. Schedule Inspections: Special waterfront inspections cover erosion, well/septic systems, and dock stability.

5. Make an Offer: Act quickly—waterfront properties move fast!

Tips for First-Time Waterfront Buyers

• Visit properties during different seasons.

• Understand zoning laws and environmental restrictions.

• Always budget for additional maintenance.

Financing Options for Waterfront Properties

Financing a waterfront home in Grayling, MI, might be slightly different compared to a typical residential mortgage. Here’s what you need to know:

• Local Banks and Credit Unions: Many buyers find success with community banks familiar with Grayling’s unique real estate market.

• Conventional Loans: Ideal for primary residences, but requirements may be stricter for second homes.

• Jumbo Loans: For luxury waterfront estates exceeding conventional loan limits.

• USDA Rural Development Loans: Some waterfront properties in Grayling qualify for low-interest USDA loans, offering great opportunities for first-time buyers.

Tip: Always discuss flood insurance requirements with your lender, as some properties may mandate additional coverage.

Check out this video for a look at the waterfront Lifestyle

Best Neighborhoods for Waterfront Homes in Grayling, MI

When searching for Grayling, MI waterfront homes for sale, consider these top areas:

• Lake Margrethe Area: Popular for full-time residents and vacation homes alike. Homes here offer expansive lake views and boat access.

• North Branch Au Sable River: Offers secluded riverfront cabins perfect for those who love peace and quiet.

• Wakeley Lake Vicinity: This federally protected area provides privacy and stunning wildlife views.

• Hanson Hills Region: Not directly waterfront, but close to numerous streams and lakes, ideal for outdoor enthusiasts.

Each neighborhood provides a unique flavor of the Grayling lifestyle. Your choice will depend on whether you prioritize boating, fishing, or simply relaxing by the water.

Seasonal Considerations: Summer vs. Winter Purchases

Buying waterfront property in Grayling has its seasonal pros and cons:

• Summer Purchases:

  • Pros: Properties are accessible, you can view full water levels, and enjoy warm-weather activities immediately.

  • Cons: Higher competition and potentially elevated prices.

• Winter Purchases:

  • Pros: Sellers may be more motivated, leading to better deals.

  • Cons: Snow and ice can obscure some property features like docks and shoreline conditions.

Insider Tip: No matter when you buy, visiting the property during both peak and off-seasons is ideal to get a full picture of year-round living.

Plan Your Stay with Northern Michigan Escapes

If you're not quite ready to buy but want to experience life by the water in Grayling, check out Northern Michigan Escapes. They offer a wide selection of beautiful, fully furnished vacation rentals — from cozy lakefront cabins to luxury waterfront homes — giving you the perfect chance to explore the area before making a long-term commitment.

Whether it's a weekend getaway or a month-long stay, Northern Michigan Escapes lets you immerse yourself in the Grayling lifestyle before taking the leap into homeownership.

Get Expert Help from BrookWalsh.com

When you're ready to buy, turn to BrookWalsh.com — your trusted real estate advisor for Grayling, MI waterfront homes for sale. Their team specializes in luxury and waterfront properties across Northern Michigan and offers:

• Tailored home searches

• Local market insights

• First-time buyer assistance

• Investment and vacation home expertise

BrookWalsh.com makes finding your dream waterfront home simple, stress-free, and successful.

FAQs About Grayling, MI Waterfront Homes for Sale

1. Are waterfront homes in Grayling, MI a good investment?

A. Absolutely! Waterfront properties generally hold or increase their value over time, especially in recreational hotspots like Grayling.

2. Can I rent out my waterfront home in Grayling when not using it?

A. Yes, many homeowners rent their properties seasonally to vacationers. Check local zoning and short-term rental regulations first.

3. What should I inspect when buying a waterfront home?

A. Beyond standard home inspections, focus on shoreline erosion, dock stability, water rights, and septic systems.

4. Is flood insurance required for all waterfront homes?

A. Not necessarily. However, if your home is in a floodplain, lenders will require it. Always confirm before purchasing.

5. How competitive is the market for waterfront homes in Grayling?

A. The market can be very competitive, especially between May and September. Winter offers better deals but fewer listings.

6. What amenities should I expect in a Grayling waterfront property?

A. Expect amenities like private docks, sandy beaches, boat lifts, firepits, upgraded kitchens, and spacious decks perfect for sunset views.

Conclusion: Find Your Dream Waterfront Home in Grayling Today

There’s never been a better time to explore Grayling, MI waterfront homes for sale. Whether you crave the quiet beauty of the Au Sable River, the lively summers on Lake Margrethe, or the private solitude of a hidden pond, Grayling offers diverse and enchanting options.

Working with a knowledgeable local real estate agent, staying informed about financing options, and visiting homes in every season will help ensure you find the perfect match for your dreams and lifestyle.

Your waterfront adventure begins here — are you ready to make Grayling, MI your new backyard paradise?

Explore homes in the Waterfront Lifestyle communities below or contact Brook Walsh to help with your search. You can also reach Brook by phone at (231) 459-3179 for all of your Northern Michigan real estate needs.