About This Home

This 2-bedroom, 1-bathroom single family at 38493 Indian Woods in Beaver Island, MI is listed for $245,000 ($240 per sqft). Built in 1989, the home offers 1,022 sqft of living space on a 0.91 acres lot.

Key Features

  • Built in 1989
  • 0.91 acre lot
  • Fireplace

Property Details

1 story
1 full
1989

Amenities

Fireplace
Listing Description

Tucked among the trees in the desirable Port of St. James, this charming two-bedroom, one-bath cottage offers a peaceful Beaver Island retreat just a short walk from the shores of Lake Michigan and approximately one mile from beautiful Donegal Bay. Situated on two lots, the property offers a wonderful sense of privacy and room to enjoy the surrounding island landscape.

Inside, the home feels bright, comfortable, and welcoming, with an open living area, abundant windows, and a cozy wood stove creating the perfect gathering space after a day at the beach or exploring the island. The kitchen and dining areas flow easily into the living space, while large windows bring in natural light and views of the surrounding woods.

The cottage has also benefited from several significant improvements, including anew septic system installed in 2019, updated flooring, a new roof in 2025, and all-new windows in 2026, professionally installed by Greenwald - a respected Beaver Island contractor.

The property is served by a shallow well. Whether you're looking for a seasonal island getaway, vacation rental opportunity, or a simple year-round home surrounded by nature, this inviting cottage offers an appealing combination of location, character, and important recent updates - all within easy reach of some of Beaver Island's most beautiful LakeMichigan shoreline.

Monthly Cost Estimate

$1,310/mo

20% down · 6.5% · 30 years

Principal$177
Interest$1,062
Insurance$71

Estimates only. Actual payments may vary.

Location

38493 Indian Woods

Beaver Island, MI 49782

Features & Amenities

Interior Features

Cathedral CeilingsFoyer EntranceIsland KitchenFormal Dining RoomGreat RoomDen/StudyDrywall

Exterior Features

Porch

Property Details

Construction

Frame

Outdoor Features

Porch

Appliances

RefrigeratorOven/RangeDishwasherMicrowaveWasherDryerFreezerCeiling Fan

Questions & Answers

This 2-bedroom, 1-bathroom single family at 38493 Indian Woods is listed at $245,000 ($240/sqft). The estimated monthly payment is $1,310 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1989, 0.91 acre lot, Fireplace. Interior Features: Cathedral Ceilings, Foyer Entrance, Island Kitchen. Exterior Features: Porch.

This property is listed by Sheri Richards.

SR

Sheri Richards

Agent at Five Star Real Estate

Listed by Five Star Real Estate · Broker phone: 2317781200 · View on Broker Site

MLS# 1951331· Source: Northern Great Lakes Realtors MLS· 25 days on PropertySimple

Copyright © 2026 Northern Great Lakes Realtors MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

38493 Indian Woods, Beaver Island, MI 49782

Open this listing in: