7291 Parkwood Drive
Fenton, MI 48430
Single Family Residence · MLS # 20261072302 · Listing courtesy of EXP Realty - The Bas Group
About this home
A rare lakefront setting. Elevated views. 1.14 acres of privacy. Perched above Lake Shannon, this exceptional raised ranch captures panoramic views of the water from one of the highest elevations in the community. Set on a private all-sports lake with 5 parks and 7 islands, the property offers a distinctive combination of space, recreation, and year-round natural beauty. The main level is designed around the setting, with expansive windows, an updated kitchen featuring granite countertops and a large center island, and an open flow into the living and dining areas. The spacious primary suite includes a remodeled ensuite bath, while the elevated deck creates an inviting extension of the living space overlooking the lake. The finished walkout lower level, included in the total finished square footage, offers a large family room, second kitchen, half bath, bedroom, and additional flex space. Multiple door walls open to the outdoor entertaining areas, creating flexibility for guests, multigenerational living, a home office, or recreation. From the expansive deck to the waterfront patio, private dock, and boat hoist, the property is designed to make the most of its lakefront location. A hillside elevator and walking path provide convenient access to the shoreline, while a whole-house generator adds peace of mind. With its elevated vantage point, generous acreage, and direct access to Lake Shannon, this is an opportunity to experience lakefront living from a truly exceptional setting.
Interior
Systems and utilities
Exterior and lot
Taxes, HOA and more
Schools
How it compares in Fenton
Over the last 90 days, 148 homes sold in Fenton for a median of $340,000, about $169 per square foot, and the typical one went under contract in 15 days. This home is listed at $1,000,000, or $187 per square foot, 11% above the city median, and has been on the market 63 days. Size, condition, updates and the exact street all move the number, so treat this as context. See recent Fenton sales or ask us for the comparable sales on this one.
Property taxes for a new owner
The current owner pays about $11,090 a year. A buyer who lives here would pay about $11,209 a year once the taxable value resets after the sale, at the 2025 homestead rate of 22.14 mills for Tyrone Twp and Linden schools, plus the 1% administration fee. Michigan resets a home's taxable value the year after it sells, so the seller's bill isn't a good number to budget with. See the math.
Monthly payment estimate
Estimate only, 30 year fixed, includes taxes at a new owner's rate and HOA when listed. Ask us for a lender quote.
Location
Similar homes in Fenton
IDX information provided courtesy of Realcomp II Ltd. via The MJA Company at National Realty Centers, © 2026 Realcomp II Ltd. Shareholders. IDX information is provided exclusively for consumers' 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 accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. Data updated Nov 14, 2026, 1:17 PM.