242 Elizabeth Ln Iron River, MI 49935
Property details
About 242 Elizabeth Ln
Your search for that perfect place to come home to; your search for a waterfront retreat with privacy, character, craftsmanship and a few acres to call your own. Whether you’re looking for your forever home or a personal sanctuary, this piece of “God’s Country” is special. From the moment you meander off the black-top, down the tree lined private gravel road and up to the haven tucked into the woods with just under six acres and 357 feet of frontage on Homan Lake you’ll not want to leave. Meticulously built with 2x6 framing and log siding this home is not only welcoming but efficient. Upon entering you’re wrapped in warm lofty wood covered walls and ceilings in the great room that’s home to the kitchen, dining and living rooms anchored by the stone fireplace and looking out at the lake. The master bedroom suite with the private bathroom is overly generous with space and its views. Family or guests are welcomed with another considerably sized bedroom with its own full bathroom. Sit on the lakeside deck, around the fire-ring on the lakeshore, or on the pontoon boat as you drift around the lake. Turn the key on this one and come relax.
Highlights
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 2
- Appliances: Microwave, Range, Oven, Refrigerator
- Basement: No
- Interior: 9 ft + Ceilings, Window Treatment(s)
- Fireplace: Gas Fireplace, LivRoom Fireplace
- Total Bedroom Count: 2
- Private Pool: No
- Waterfront: Lake Front, Waterfront
- View: Lake, Water
- Exterior: Deck
- Heating: Propane, Forced Air
- Cooling: Ceiling Fan(s)
- List Price: $485,000
- Price/SqFt: $295
- HOA Amount: $100 Annually
- Directions: From stoplight in Iron River, west on US Hwy. 2 to Smokey Lake Road, left to Elizabeth Lane, right to house on right.
- Year Built: 2008
- Stories: 1
- Living Area: 1,640 SqFt
- School District: West Iron County School District
- Lot Size: 5.81 Acres
- MLS Number: 50178662
- MLS Name: Upper Peninsula Assoc of Realtors
- Office Name: RE/MAX NORTH COUNTRY-IR
- Office Phone: (906) 265-6133
- Listing Agent: JEFF DOHL
Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.
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Last updated on: 8/1/2025, 12:45:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
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Tax history
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Nearby schools
3
Stambaugh Elementary School
Public District PK-6
9.7 mi
•700 Washington Ave
4
Northland Pines Elementary-Eagle River
Public District PK-6
24.0 mi
•1700 Pleasure Island Rd
7
Three Lakes Elementary School
Public District PK-6
27.7 mi
•6930 W School St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $42,500. Residents of Iron River, MI typically earn between $35k-100k each year. Most families are married, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
NASCAR
Hunting
Figure Skating
Where do the neighbors shop?
Bass Pro Shops
Dollar General
Wal-Mart
Where do the neighbors go to eat?
Hardee's
Applebees
Jimmy Johns
What do the neighbors drive?
GMC
Ram
Cadillac
What do the neighbors listen to?
Classic Country
Oldies- Country
Frequently asked questions
About 242 Elizabeth Ln
The listing price of 242 Elizabeth Ln property is $485,000.
The property 242 Elizabeth Ln is a house located in Iron River, Michigan, 49935.
Active Listing: 242 Elizabeth Ln is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 242 Elizabeth Ln are: Stambaugh Elementary School (GreatSchools Rating 3/10), Northland Pines Elementary-Eagle River (GreatSchools Rating 4/10), Three Lakes Elementary School (GreatSchools Rating 7/10), Phelps Elementary School (GreatSchools Rating 4/10), School of Options & Applied Research Middle School (GreatSchools Rating 5/10), Northland Pines Middle School (GreatSchools Rating 6/10), West Iron County High School (GreatSchools Rating 5/10), Phelps High School (GreatSchools Rating 6/10), Watersmeet Township School (GreatSchools Rating 3/10).
The property at 242 Elizabeth Ln has 2 bedrooms and 2 full and 1 half bathrooms.
The property 242 Elizabeth Ln is 1,640 SqFt (source: MLS/tax record).
The year of construction for 242 Elizabeth Ln is 2008.
This home is located at 242 Elizabeth Ln in Iron River, MI and zip code 49935. This 1,640 square foot home, which was built in 2008, sits on a 5.81 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since June 17, 2025 and is currently priced at $485,000.
In June 2025, from all listings sold in Iron River, MI there were more than 0 sold above asking price, over 3 sold below and more than 0 were sold right at the asked price. Between May and June 2025, Iron River, MI real estate market has seen increase in the number of listings by 34.6%. The median list price of listings available in June 2025 was $124,000, while the average time on the real estate market was 60 days.