$412,000

8046 Wallace Dr Lake, MI 48632

$4,893
Closing credit¹
2 beds
3 full
1,300 sqft
1.1 acres
$317 / sqft
House

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

Home typeSingle Family Residence
HeatingElectric, Propane, Wood, Baseboard
StatusActive
Size1,300 sqft
BasementYes
Lot size1.12 Acres
Year built2007
Parking3 or More Spaces
MLS #50176319
Garage1 space
WaterfrontLake, Water View, Waterfront
FireplaceGrt Rm Fireplace
ViewWater

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

IDX Provided through IDX via MiRealSource, as the “Source MLS”, courtesy of the Originating MLS shown on the property listing, as the Originating MLS.

Copyright 2025 MiRealSource. All rights reserved. The information provided hereby constitutes proprietary information of MiRealSource, Inc. and its shareholders, affiliates and licensees and may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy, recording, scanning or any information storage and retrieval system, without written permission from MiRealSource, Inc.

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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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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8046 Wallace Dr, Lake, MI 48632 - bungalow-style house with a chimney

$412,000

8046 Wallace Dr

$4,893

closing credit¹

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0.5% sale price²

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.

All data from GreatSchools

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.

How much money do the neighbors make?

42%
<35k
50%
35k-100k
8%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

42%
Single, No Kids
8%
Single, with Kids
40%
Married, No Kids
10%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

9%
<11 yrs old
7%
12-17 yrs old
15%
18-34 yrs old
45%
35-64 yrs old
24%
65+ yrs old

What do the neighbors do for fun?

  • NASCARNASCAR
  • HuntingHunting
  • Monster TrucksMonster Trucks

Where do the neighbors shop?

  • Dollar GeneralDollar General
  • Wal-MartWal-Mart
  • Bass Pro ShopsBass Pro Shops

Where do the neighbors go to eat?

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

What do the neighbors drive?

  • GMCGMC
  • RamRam
  • ChevroletChevrolet

What do the neighbors listen to?

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

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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.

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

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