12 days on rocket

4265 Balsam Ln, Boyne City, MI, 49712

$18,000,000

14 Bedrooms
7 Full Baths, 1 Partial
5,700 SqFt
$3,158/SqFt
House

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage-Detached, Combination
Garage4 spaces
CoolingCeiling Fan(s)
WaterfrontDock
MLS #475226
Lot Size15.50 Acres
StatusActive

About 4265 Balsam Ln

Welcome to the historical Randall’s Point on Walloon Lake! This is a rare opportunity to own a century old homestead with a distinct peninsula that offers unmatched views of the sunrise and sunsets from all 4 cabins. Nestled at the end of a scenic, long, winding driveway and sitting on 15.5 acres with an expansive 2,170 feet of waterfront, this unique property is truly one of a kind. Purchased by the Randall family in the 1900’s, Mr. Randall and his dear friend, Ernest Hemingway, foraged the centuries old red and white pines hunting grouse and woodcock. It is also believed that Bo Randall and his wife attended Hemingway’s marriage to Hadley upon his return home from WWI. While the original barn and boathouse remain, the three log cabins were built in the 1920’s. The main log home was built in the 1970’s and underwent a major expansion and renovation in 2001. The first floor ‘master suite’ is a completely self-contained living space, and the rest of the main level boasts gleaming hardwood floors, walls of windows on three sides that overlook the lake just 25 feet away, a stone fireplace, and multiple sitting areas to enjoy, entertain, and spend time with family and friends. The spacious chef’s kitchen can accommodate multiple cooks and includes stainless steel appliances, granite island, and ample pantry storage. Several covered porches emit peace and tranquility while providing panoramic and breathtaking views. Sip your morning coffee while watching the sun rise and listen to the birds chirping and the fish jumping. Unwind in the evening with your favorite beverage as the sun melts into the rippling water. Flat rock steps lead down to the amazing hard-packed, sandy beach with a fire pit, perfect for those evening bonfires and s’mores. As you enter the guest cabins you are instantly transported back to a time when life was simple. Don't miss your chance to own this integral piece of Walloon Lake history that will provide another century of fun for future generations.

Property Details

Property Features

Property Information:

  • Living Area: 5,700 SqFt

Listing Office:

  • Office Name: Kidd & Leavy Real Estate Co. LLC
  • Listing Agent: Patrick Leavy

Interior Features

Interior Information:

  • Appliances: Ceiling Fan(s), Dryer, Range, Refrigerator, Washer
  • Basement: No
  • Flooring Type: Wood
  • Interior: Ceiling Fan(s)

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 7
  • Total Bedroom Count: 14

Exterior Features

Exterior Information:

  • Waterfront: Dock
  • Exterior: Deck, Boat Dock

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: No
  • Parking: Garage-Detached, Combination

Virtual/3D Tour

  • Virtual Tour: 4265 Balsam Ln
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Lot Features

Lot Information:

  • Lot: Dock
  • Lot Size: 15.50 Acres

Utilities

Utilities Information:

  • Cooling: Ceiling Fan(s)

School Info

Assigned Schools Information:

  • Boyne City High School, Public District Grades 8-12
  • Boyne City Middle School, Public District Grades 5-8
  • Boyne City Elementary School, Public District Grades KG-4

Other

Directions Information:

  • Directions: US 31 to Camp Daggett Rd, right on Sumner Rd, left on Boyne City-Charlevoix Rd, right on W. Michigan St, to Balsam Lane

Price Information

Listing Price Info

Price Summary:

  • List Price: $18,000,000
  • Price Per SqFt: $3,158/SqFt

Tax Information:

  • Annual Amount: $20,663
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Boyne City, MI.

Med. Sold Price

$395K

Med. Price/SqFt

$226

Avg. Days On Market

100

# of Sold Homes

15

4265 Balsam Ln vs Boyne City

12 DAYS ON ROCKET

-88 Days

$18,000,000

+$17.6M More

$3,158/SqFt

+$2.9K More

KEY TAKEAWAY

This property is $17.6M more than the Median Sold Price and $2.9K/SqFt more than other homes in Boyne City, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #475226

Listing Office:

  • Office Name: Kidd & Leavy Real Estate Co. LLC
  • Listing Agent: Patrick Leavy

IDX The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is 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 about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/5/2024, 6:20:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$20,663$932,000
2020 - $931,300
2019 - $630,600
2018 - $633,300
2017 - $633,300

History based on county public records data.

Payment Calculator

$89.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$54K

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-74221
6
/10
  • Boyne City Elementary School

  • 930 Brockway St

  • 4.15 miles

  • Public District Grades KG-4

Middle School

school-card-donut-74222
6
/10
  • Boyne City Middle School

  • 1025 Boyne Ave

  • 4.22 miles

  • Public District Grades 5-8

High School

school-card-donut-74223
6
/10
  • Boyne City High School

  • 1035 Boyne Ave

  • 4.29 miles

  • Public District Grades 8-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $59,524. Typical income of Boyne City, MI residents is between $35k-100k annually. Most families are married, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4265 Balsam Ln

What is the listing price of this property?

The listing price of 4265 Balsam Ln property is $18,000,000.

What type of property is this?

The property 4265 Balsam Ln is a house located in Boyne City, Michigan, 49712.

Is this property for sale now?

Active Listing: 4265 Balsam Ln is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 4265 Balsam Ln are:
Boyne City Elementary School: GreatSchools Rating 6/10
Boyne City Middle School: GreatSchools Rating 6/10
Boyne City High School: GreatSchools Rating 6/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $20,663 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 4265 Balsam Ln has 14 bedrooms and 7 full and 1 half bathrooms.

What is the square footage of this property?

The property 4265 Balsam Ln is 5,700 SqFt (source: MLS/tax record).
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Rocket HomesMichiganCharlevoix CountyBoyne City497124265 Balsam Ln

This home is located at 4265 Balsam Ln in Boyne City, MI and zip code 49712. This 5,700 square foot home sits on a 15.50 acre lot. Features: 14 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since October 24, 2024 and is currently priced at $18,000,000.

In October 2024, from all listings sold in Boyne City, MI there were more than 3 sold above asking price, over 6 sold below and more than 6 were sold right at the asked price. The inventory of homes for sale in Boyne City, MI between September 2024 and October 2024 decreased by 3.5%. While the average time on the market in October 2024 was 100 days, the median list price was $395,000.

From Rocket Homes Real Estate and based on county public records data.

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