For sale

$498,900

7733 Kp Lake Rd, Grayling, MI 49738

2beds

2,345sqft

Est.:

Single Family Residence

Built in 1988

2.28 Acres Lot

$476,900 Zestimate^®

$213/sqft

$-- HOA

What's special

Prime waterfront livingPeaceful settingCustom finishesBeautiful kp lakeRemodeled bathroomsStunning lake viewsWarm living spaces

Welcome to your Northern Michigan retreat on beautiful KP Lake! Set on 2.28 acres with 213 feet of private frontage, this well-maintained 2 bed, 3 bath home offers stunning lake views and a peaceful setting. This home is truly turn-key and thoughtfully updated, featuring warm living spaces and custom finishes with beautiful brick accents in the living and dining areas. Recent updates bring peace of mind including a new roof (2021), appliances (2021-2022), remodeled bathrooms (2022), water heater (2023), all new Anderson windows (2024), and new furnace and central air (2025). Whether you're looking for a year-round residence or a Northern Michigan getaway, this property checks all the boxes with its combination of updates, acreage, and prime waterfront living!

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Primary bedroom

Level: First

Heating

Forced Air, Propane, Freestanding Gas Stv

Cooling

Central Air

Appliances

Included: Water Heater, Washer, Range/Oven, Refrigerator, Microwave, Disposal, Dryer, Dishwasher

Features

Ceiling Fan(s), Vaulted Ceiling(s), Walk-In Closet(s)
Flooring: Hardwood, Tile
Doors: Doorwall
Windows: Drapes
Basement: Finished
Has fireplace: Yes
Fireplace features: Gas

Interior area

Total structure area: 2,345
Total interior livable area: 2,345 sqft
Finished area above ground: 1,725

Property

Parking

Parking features: Garage
Has garage: Yes

Features

Stories: 2
Patio & porch: Deck, Patio/Porch
Exterior features: Dock, Garden
On waterfront: Yes
Waterfront features: Lake
Body of water: KP Lake

Lot

Size: 2.28 Acres
Dimensions: 2.28
Features: Landscaped, Natural

Details

Additional structures: Guest Quarters/Apt, Shed(s), Workshop
Parcel number: 010145000001400
Other equipment: Automatic Generator

Construction

Type & style

Home type: SingleFamily
Property subtype: Single Family Residence

Materials

Foundation: Basement

Condition

Year built: 1988

Utilities & green energy

Sewer: Septic Tank

Community & HOA

Community

Security: Security System, Smoke Detector(s)
Subdivision: Our Fathers Park

Location

Region: Grayling

Financial & listing details

Price per square foot: $213/sqft
Tax assessed value: $510,400
Annual tax amount: $96
Date on market: 3/26/2026
Listing terms: Cash,Conventional Mortgage,FHA,USDA/RD,VA Loan
Ownership: Owner
Road surface type: Dirt, Gravel, Maintained

Estimated market value

$476,900

$444,000 - $510,000

$2,342/mo

Price history

Date	Event	Price
3/26/2026	Listed for sale	$498,900+17.4%$213/sqft
Source: WWMLS #201839123 Report a problem
9/14/2021	Sold	$425,000-9.6%$181/sqft
Source: Public Record Report a problem
8/5/2021	Pending sale	$469,900$200/sqft
Source: Owner Report a problem
7/27/2021	Listed for sale	$469,900+40.3%$200/sqft
Source: Owner Report a problem
3/31/2015	Sold	$335,000$143/sqft
Source: WWMLS #293512 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$96 +4.6%	$255,200 +8.9%
2024	$92 -98.2%	$234,300 -0.7%
2023	$5,178	$235,900 +24%
2022	--	$190,300 +17.2%
2021	--	$162,400 +6.2%
2020	--	$152,900 +8.4%
2019	--	$141,100 +0.7%
2018	--	$140,100 -4.2%
2017	--	$146,200 +39%
2016	--	$105,200
2015	--	$105,200 -3%
2014	--	$108,400 +36%
2013	--	$79,700 +4%
2012	--	$76,600 -18%
2011	--	$93,400 -10.1%
2010	--	$103,900