3126 S Portage Avenue, Grayling, MI 49738

Nestled on the shores of Lake Margrethe, this fully furnished, cozy and historic 4-bed, 1.5-bath Cape Cod offers sweeping views and timeless charm. Built in 1937, it features a cedar shake exterior, dormer windows, and a warm craftsman-inspired interior with refinished hardwood floors, wood-beamed ceilings, and a brick fireplace. Recent updates include a new upstairs bath, kitchen range, plumbing, whole-house water filtration, and new windows in three bedrooms. The detached two-car garage has upgraded electric. Enjoy 50 feet of private frontage, a peaceful screened porch, and a lakeside gazebo perfect for entertaining. With a newer water heater and thoughtful upgrades throughout, this Lake Margrethe gem blends classic character with modern comfort.