4265 Balsam Ln Boyne City, MI 49712

$18,000,000
14 beds
7 full, 1 partial
5,700 sqft
15.5 acres
$3,158 / sqft
House

Property details

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.

Highlights

Home typeSingle Family Residence
StatusActive
CoolingCeiling Fan(s)
Size5,700 sqft
Lot size15.5 Acres
ParkingGarage-Detached, Combination
MLS #475226
Garage4 spaces
WaterfrontDock

Virtual tour

Summary

  • MLS Number: 475226
  • 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. © 2025 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: 2/6/2025, 3:20:49 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$18,000,000

4265 Balsam Ln

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Price information

Property sales

We're sorry, we currently don't have property sales data for this listing.

Tax history

YearAssessmentProperty Tax
2024$1,216,300$22,460
2023$1,135,200$21,391
2022$954,100$20,632
2021$932,000$20,662
2020$931,300$-
2019$630,600$-
2018$633,300$-
2017$633,300$-

History based on county public records data.

Nearby schools

6

Boyne City Elementary School

Public District KG-4

4.2 mi

930 Brockway St

8

Sheridan School

Public Magnet KG-5

6.8 mi

1415 Howard St

6

Ottawa Elementary School

Public Magnet KG-5

7.2 mi

871 Kalamazoo Ave

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

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. Residents typically live in married, no kids family. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

25%
<35k
56%
35k-100k
12%
100k-200k
7%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

32%
Single, No Kids
10%
Single, with Kids
38%
Married, No Kids
20%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

14%
<11 yrs old
9%
12-17 yrs old
16%
18-34 yrs old
44%
35-64 yrs old
17%
65+ yrs old

What do the neighbors do for fun?

  • NASCARNASCAR
  • HuntingHunting
  • Pro WrestlingPro Wrestling

Where do the neighbors shop?

  • Dollar GeneralDollar General
  • Wal-MartWal-Mart
  • Academy Sports & OutdoorsAcademy Sports & Outdoors

Where do the neighbors go to eat?

  • Hardee'sHardee's
  • Jimmy JohnsJimmy Johns
  • ApplebeesApplebees

What do the neighbors drive?

  • OldsmobileOldsmobile
  • RamRam
  • ChevroletChevrolet

What do the neighbors listen to?

  • OldiesOldies
  • Classic CountryClassic Country
  • New CountryNew Country
All data provided by Home Junction and Claritas

Frequently asked questions

About 4265 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.

Boyne City, MI housing market in January 2025 saw over 0 listings sold above listed price, more than 1 sold at listed price and over 4 sold below. In January 2025 in Boyne City, MI there were 5.3% more homes for sale than in December.

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

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