7940 S River Rd, Cheboygan, MI 49721
What's special
LEGACY PROPERTIES LIKE THIS RARELY COME TO MARKET! Offering approximately 1,357 feet of frontage on the beautiful Black River, part of Michigan's famed Inland Waterway, and more than 55 acres across two parcels, this remarkable property has been cherished by the same family for generations. Nestled among towering trees is a comfortable 2-bedroom, 1-bath retreat, providing the perfect place to enjoy the peaceful surroundings while planning your vision for the future. Boat for miles through the Inland Waterway to the Cheboygan River, Mullett Lake, Burt Lake, Lake Huron and beyond. Whether you're searching for a private waterfront estate, family compound, hunting retreat, or recreational getaway, this is an iconic opportunity to own an extraordinary piece of Northern MI waterfront and acreage
- 66 days |
- 42 |
- 0 |
Travel times
Living Room
Bedroom
Bathroom
Zillow last checked:
Listing updated:
Jacqueline Kimball 989-278-9052,
Real Broker LLC - Petoskey 855-450-0442
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Oil
Appliances
- Included: Range/Oven, Refrigerator, Microwave
- Laundry: None
Features
- Basement: None
Interior area
- Total structure area: 760
- Total interior livable area: 760 sqft
- Finished area above ground: 760
Property
Features
- On waterfront: Yes
- Waterfront features: Inland Waterway
- Body of water: Black River
Lot
- Size: 55.61 Acres
- Dimensions: 55.61
- Features: Natural
Details
- Parcel number: 10402710000200 & 10402720000100
- Special conditions: Trust,Listing Status; Active with 48/72 hr Contingency
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Ranch
- Property subtype: Single Family Residence
Materials
- Foundation: Crawl
Condition
- Year built: 1956
Utilities & green energy
- Sewer: Septic Tank
Community & HOA
Community
- Subdivision: T37N, R1W
Location
- Region: Cheboygan
Financial & listing details
- Price per square foot: $1,053/sqft
- Tax assessed value: $359,200
- Annual tax amount: $2,961
- Date on market: 7/7/2026
- Listing terms: Cash,Conventional Mortgage
- Road surface type: Gravel, Maintained
Price history
| Date | Event | Price |
|---|---|---|
| 7/28/2026 | Contingent | $799,900$1,053/sqft |
Source:  WWMLS #201841332 Report a problem | ||
| 7/7/2026 | Listed for sale | $799,900$1,053/sqft |
Source: WWMLS #201841332 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,961 +5% | $179,600 +4% |
| 2024 | $2,819 +3.6% | $172,700 +6.9% |
| 2023 | $2,722 +3% | $161,600 +9.8% |
| 2022 | $2,644 | $147,200 +18.9% |
| 2021 | -- | $123,800 +7.6% |
| 2020 | -- | $115,100 +0.2% |
| 2019 | -- | $114,900 +0.6% |
| 2018 | -- | $114,200 +2% |
| 2017 | -- | $112,000 +0.5% |
| 2016 | -- | $111,400 -1.8% |
| 2015 | -- | $113,400 -7.4% |
| 2014 | -- | $122,500 -3.8% |
| 2012 | -- | $127,300 -0.4% |
| 2011 | -- | $127,800 -8.1% |
| 2010 | -- | $139,000 |
Find assessor info on the county website
Monthly payment
Estimated market value
$750,700
$713,000 - $788,000
$1,389/mo
Climate risks
Explore flood, wildfire, and other predictive climate risk information for this property on First Street®️.