Fall in love with the lake life at all-sports Five Lakes in Clare County. Enjoy stunning waterfront views and 126 feet of private frontage in this beautifully updated 3-bedroom, 2-bath home—plus a potential 4th bedroom or office on the lower level of this sprawling ranch home. The spacious layout features a finished walkout basement with a large family room, perfect for entertaining or relaxing after a day on the lake. The primary suite offers a luxurious retreat with a walk-in closet and walk-in shower. Natural light pours in through abundant windows, showcasing the scenic lake views from every room on the lakeside of the home. Walk out onto the 1200 square feet deck or lower level patio for your outdoor relaxation or entertainment. Granite countertops and wifi appliances in the kitchen with a sunken living room and wood-stove fireplace for those cozier winter nights. Dock included—move in and start living the lakefront dream!
For sale
Price cut: $25K (8/4)
$499,000
7841 Peninsular Dr, Farwell, MI 48622
3beds
2,706sqft
Est.:
Single Family Residence
Built in 1978
0.46 Acres Lot
$493,800 Zestimate®
$184/sqft
$22/mo HOA
What's special
Finished walkout basementLower level patioPrivate frontageScenic lake viewsPrimary suiteWalk-in closetGranite countertops
- 114 days
- on Zillow |
- 655 |
- 21 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 08:42am
Listed by:
Erin Peffer 989-429-6019,
Five Star Real Estate 989-533-5270,
Whitney Peffer 989-824-1296,
Five Star Real Estate
Source: MiRealSource,MLS#: 50171920
Originating MLS: Saginaw Board of REALTORS

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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 3
Bedroom 1
- Level: Main
- Area: 231
- Dimensions: 21 x 11
Bedroom 2
- Level: Main
- Area: 110
- Dimensions: 11 x 10
Bedroom 3
- Level: Main
- Area: 168
- Dimensions: 14 x 12
Bathroom 1
- Level: Main
- Area: 130
- Dimensions: 13 x 10
Bathroom 2
- Level: Main
- Area: 30
- Dimensions: 10 x 3
Dining room
- Level: Main
- Area: 160
- Dimensions: 16 x 10
Family room
- Level: Lower
- Area: 540
- Dimensions: 18 x 30
Kitchen
- Level: Main
- Area: 375
- Dimensions: 25 x 15
Living room
- Level: Main
- Area: 294
- Dimensions: 14 x 21
Heating
- Forced Air, Natural Gas
Cooling
- Central Air
Appliances
- Included: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer
- Laundry: Main Level
Features
- Basement: Block
- Number of fireplaces: 2
- Fireplace features: Wood Burning
Interior area
- Total structure area: 3,000
- Total interior livable area: 2,706 sqft
- Finished area above ground: 2,000
- Finished area below ground: 706
Property
Parking
- Total spaces: 2
- Parking features: 2 Spaces, Garage, Attached
- Attached garage spaces: 2
Features
- Levels: One
- Stories: 1
- Patio & porch: Deck
- Exterior features: Balcony
- Has spa: Yes
- Spa features: Spa/Hot Tub
- Has view: Yes
- View description: Water, Lake
- Has water view: Yes
- Water view: Water,Lake
- Waterfront features: All Sports Lake, Interior Lake, Lake Front, Waterfront
- Frontage length: 126
Lot
- Size: 0.46 Acres
Details
- Parcel number: 01524020201
- Special conditions: Private
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Vinyl Siding, Vinyl Trim
- Foundation: Basement
Condition
- Year built: 1978
Utilities & green energy
- Sewer: Septic Tank
- Water: Private Well
Community & HOA
Community
- Subdivision: Five Lakes
HOA
- Has HOA: Yes
- HOA fee: $262 annually
Location
- Region: Farwell
Financial & listing details
- Price per square foot: $184/sqft
- Tax assessed value: $343,522
- Annual tax amount: $3,910
- Date on market: 4/18/2025
- Listing agreement: Exclusive Right To Sell
- Listing terms: Cash,Conventional,FHA,VA Loan
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