#50167283, CHERYL MERITHEW, Listing Office: FAIRCHILD & GREEN REALTY
8046 Wallace Dr Lake, MI 48632
Property details
About 8046 Wallace Dr
Welcome to this stunning lakefront chalet, offering 229 feet of private frontage on all-sports Big Norway Lake. Tucked away on 1.12 wooded acres, this home is the perfect escape for those seeking peace, privacy, and year-round outdoor enjoyment. Inside, the main level features approximately 1,300 square feet of open-concept living, with a spacious kitchen and large island that flows seamlessly into the dining area and vaulted-ceiling great room. A beautiful split-stone wood-burning fireplace anchors the space, while floor-to-ceiling windows provide sweeping views of the lake and surrounding nature. A first-floor bedroom offers main-level living, and a flexible front room serves well as a foyer, office, or cozy sitting area. Upstairs, a large open loft provides a private suite complete with an en suite bath and a serene reading nook overlooking the water—perfect for relaxing or working from home with a view. The fully finished walk-out basement adds an additional 700 square feet of living space, ideal for a family room, game area, or guest quarters. Just outside, a spacious patio invites you to enjoy lakeside evenings, summer BBQs, and quiet mornings surrounded by nature. Comfort is ensured in every season with a ductless mini-split system for efficient heating and cooling, a wood stove, and electric baseboard heat. Andersen windows and extra insulation contribute to the home's energy efficiency, while a whole-house Generac generator and security system provide peace of mind. The property also includes a two-car garage for storing vehicles, boats, or recreational gear, and high-speed wireless internet from ISP Management keeps you connected whether you're working remotely or streaming by the fire.
Highlights
Summary
- Full Bathrooms: 3
- Appliances: Dishwasher, Dryer, Microwave, Range, Oven, Washer, Water Softener
- Basement: Yes
- Interior: 9 ft + Ceilings, Sump Pump
- Fireplace: Grt Rm Fireplace
- Total Bedroom Count: 2
- Garage Space: 1 space
- Attached Garage: No
- Private Pool: No
- Parking: 3 or More Spaces
- Waterfront: Lake, Water View, Waterfront
- View: Water
- Exterior: Exterior Balcony, Deck
- Heating: Electric, Propane, Wood, Baseboard
- List Price: $412,000
- Price/SqFt: $316
- Directions: Spring Ave North To Monroe Rd, West To Wallace Dr North to address
- Year Built: 2007
- Stories: 2
- Living Area: 1,300 SqFt
- School District: Farwell Area Schools
- Lot Size: 1.12 Acres
- MLS Number: 50176319
- MLS Name: Clare Gladwin Board of REALTORS
- Office Name: CUMMINGS REALTY
- Office Phone: (989) 502-2026
- Office Email: info@cummingsrealty.properties
- Listing Agent: Andrew Granger
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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The information published and disseminated by the Originating MLS is communicated verbatim, without change by the Originating MLS, as filed with it by its members. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified.
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Last updated on: 6/3/2025, 5:45:43 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$412,000
8046 Wallace Dr
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Price information
Property sales
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Tax history
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Nearby schools
3
Robert M Larson Elementary School
Public District KG-2
10.2 mi
•455 W Spruce St
6
Marion Elementary School
Public District KG-6
11.4 mi
•510 W Main St
4
Farwell Elementary School
Public Magnet KG-3
12.0 mi
•268 E Ohio 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 $39,792. The majority of Lake, MI residents have income between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.
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Frequently asked questions
About 8046 Wallace Dr
The listing price of 8046 Wallace Dr property is $412,000.
The property 8046 Wallace Dr is a house located in Lake, Michigan, 48632.
Active Listing: 8046 Wallace Dr is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 8046 Wallace Dr are: Robert M Larson Elementary School (GreatSchools Rating 3/10), Marion Elementary School (GreatSchools Rating 6/10), Farwell Elementary School (GreatSchools Rating 4/10), Harrison Middle School (GreatSchools Rating 4/10), Farwell Middle School (GreatSchools Rating 4/10), Evart Middle School (GreatSchools Rating 4/10), Farwell Timberland Alternative High School (GreatSchools Rating 1/10), Harrison Alternative Education (GreatSchools Rating 2/10), Harrison Community High School (GreatSchools Rating 5/10).
The property at 8046 Wallace Dr has 2 bedrooms and 3 bathrooms.
The property 8046 Wallace Dr is 1,300 SqFt (source: MLS/tax record).
The year of construction for 8046 Wallace Dr is 2007.
This home is located at 8046 Wallace Dr in Lake, MI and zip code 48632. This 1,300 square foot home, which was built in 2007, sits on a 1.12 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 29, 2025 and is currently priced at $412,000.
Over 0 listings were sold over their listed price in May 2025 in Lake, MI. In the same period over 2 listings were sold below the listed price and 1 listings were sold for the listed price. In May 2025 in Lake, MI there were 15.2% more homes for sale than in April. Listings spent 91 days on the market in May 2025, and had a median list price of $179,900 during the same period.