The Fizbit

Fizbo Market Record — March 27, 2026 Among the 2 active listings in Cedar River, MI, N7256 M-35 prices at $614,900, sitting at the 0th price percentile for the city — which in a two-listing market means it is tied with the only other comparable at exactly the city median of $614,900. Statewide across 24 tracked Michigan listings, this property lands at the 92nd price percentile, with the state median running $319,000. At nearly twice the state median, this is a premium-tier property by Michigan standards, and the premium is grounded in a specific and defensible asset: 290 linear feet of Green Bay waterfront. The home is a raised ranch built in 1967, measuring approximately 2,603 square feet on 3.03 acres. The price per square foot calculates to $236.22, matching the city average price per square foot of $236 precisely — placing it at the 0th price-per-sqft percentile for Cedar River, which reflects an identical comp, not underperformance. For buyers evaluating cost per square foot of interior space without factoring in the waterfront, this figure looks high relative to inland Michigan alternatives. The correct metric for waterfront properties is price per linear foot of shoreline: at $614,900 for 290 feet of Green Bay frontage, the implied shoreline cost is approximately $2,120 per linear foot. That figure should anchor any pricing defense conversation. The physical property includes a large primary suite with soaking tub, dual vanities, and a walk-in closet. Both the living room and the family room have fireplaces. A dedicated library/office occupies a separate room. The kitchen features granite countertops. The rear deck overlooks Green Bay. The mechanical package is solid: a new mound septic was installed in 2023, the roof was replaced in 2019, and a Generac backup generator is in place. Dual garages — one attached 2-car and one detached 2-car — provide 4 total covered parking bays, which is rare at this price point in rural waterfront markets. At the 0th year-built percentile for Cedar River, this 1967 home is among the oldest active inventory in the city, but the mechanical updates mitigate the age premium concerns that typically accompany pre-1970 construction. The partial basement with dyke system is relevant to note — it is disclosed in the listing and is consistent with waterfront properties in this region of the Upper Peninsula where seasonal water table fluctuation is common. With a 2-bedroom configuration (plus a family room capable of conversion to a third bedroom per the listing), the bedroom count matches the city average exactly at 1.0 times the norm. The bathroom count at 3 — specifically 2.5 baths per the listing description — also matches the city average at 1.0 times. This means the bedroom and bathroom profile is squarely in line with Cedar River norms, which supports pricing relative to the comp set. For the listing agent, the entire pricing case rests on the Green Bay frontage. Buyers who understand shoreline value in this region — and who are specifically seeking Upper Peninsula waterfront — will recognize $614,900 for 290 feet of frontage plus 3 acres and a fully equipped house as a defensible ask in a thin-comp environment.