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7208 Key Phyve Trail, 
Grayling, MI 49738

$520,000


2

Beds


2

Baths


2,751

Sq Ft


Single Family

Active

Listed by

Kristin Mcdonald

Harbor Sotheby'S International Rlty - Harbor Sprgs

231-526-9889

Last updated:

June 26, 2026, 03:26 PM

MLS#

479819

Source:

MI NMMLS

About This Home

7208 Key Phyve Trail

Discover your perfect retreat in this stunning 2-bedroom, 2-bathroom home that offers 2,263 square feet of spacious living on 2.6 acres adorned with mixed trees and a lakefront view. This property has been thoughtfully remodeled and expanded since 1997, providing a modern haven on scenic KP Lake. With over 200-acres of pristine water, reaching depths of 20 to 25 feet, the lake regularly has fish restored by the Department of Natural Resources (DNR), ensuring endless fishing opportunities. Plus, with only electric motors allowed, the lake remains serene and clean. For your convenience, a dock with power and a paddleboard are included, along with a reliable whole-house standby Generac generator. Embrace the rich wildlife surrounding you, including deer, elk, bears, fox, majestic eagles, and loons that call on the lake. This home boasts a cozy gas stone fireplace, hearth, elegant oak flooring, a quaint office with a built-in desk, a two-car garage, and a spacious pole barn, all finished with recent metal roofing. Feel secure with the installed security alarm and cameras. Enter home with stunning window views, soaring vaulted ceilings, and walk-out decks. Indulge in the master suite, featuring a large, relaxing, windowed sunroom overlooking the lake, and a jacuzzi tub, while the main bathroom impresses with undermount double basin Corian sinks on soft close vanity cabinetry and a walk-in shower surround complete with teak seat. The kitchen is a chef's dream with Jenn-Air touch glass cook top, Jenn-Air double ovens, Corian countertops and an undermount double basin Corian sink, spacious custom built-in Kraft Maid cabinetry. An additional finished rec area and sleeping area for guests is on the lower floor, which includes a deck and steps leading down to the lake. Square footage is estimated, based on older floor plans. Buyer's agent to confirm for their buyers. No showings until July 15, after the new carpet is installed.

Home Facts

Single Family

2 Baths

2 Bedrooms

Built in 1970

Price Summary

520,000

$189 per Sq. Ft.

MLS #:

479819

Last Updated:

June 26, 2026, 03:26 PM

Added:

13 day(s) ago


Rooms & Interior

Bedrooms

Total Bedrooms:

2

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

2,751 Sq. Ft.


Structure

Structure

Building Area:

2,751 Sq. Ft.

Year Built:

1970


Lot

Lot Size (Sq. Ft):

113,691


Finances & Disclosures

Finances

Price:

$520,000

Price per Sq. Ft:

$189 per Sq. Ft.

Source:MI NMMLS
The information being provided by Northern Michigan Mls is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2026 Northern Michigan Mls All rights reserved.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.