$16,000,000

4265 Balsam Ln Boyne City, MI 49712

Estimated payment $90,340/month

Total Views 35,527
14 Beds
7.5 Baths
5,700 Sq Ft
$2,807 Price per Sq Ft

Highlights

  • Waterfront
  • 15.5 Acre Lot
  • Wood Flooring
  • Docks
  • Deck
  • Main Floor Primary Bedroom

About This Home

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 1900s, 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.

Listing Agent

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 10/24/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,694

Lot Details

  • 15.5 Acre Lot
  • Waterfront

Parking

  • 4 Car Detached Garage

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof
  • Log Siding

Interior Spaces

  • 5,700 Sq Ft Home
  • Ceiling Fan
  • Family Room
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring
  • Water Views
  • Range

Bedrooms and Bathrooms

  • 14 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Docks
  • Deck
  • Shed

Utilities

  • Well
  • Septic System

Listing and Financial Details

  • Assessor Parcel Number see legal

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,694

Lot Details

0

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 10/24/2024
  • Section: 12
  • Second Address Number: 4265
  • 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 per Sq Ft: 2807.02
  • OFFICELIST_STATE: MI
  • Street Designation: Lane
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Ceiling Fans, Deck, Dock, Dryer, Range, Refrigerator, Washer, Wood Floors
  • Total Finished Sq Ft: 5700
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Main
  • Bedroom 3: On Level: Main
  • Bedroom 4: On Level: Main
  • Total Rooms: 22
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Main
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 5700
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 14
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Rooms 1: On Level: Main
  • Rooms 2: On Level: Main

Exterior Features

  • Construction: Wood Frame/Site Built, Log
  • Lake: Walloon
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 2,170+/-
  • Waterfront Water Access: Water Front
  • Water View: Yes
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

  • Garage Carport: Garage-Detached, Combination
  • Gar Car Capacity: Four +

Utilities

  • Sewer: Septic
  • Water: Well

Schools

  • School District: Boyne City
  • School District: Boyne City

Lot Info

  • Estimated Number of Acres: 15.5
  • Zoning: Res

Tax Info

  • Assessor Parcel Number: see legal

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,694 $2,056,700 $0 $0
2024 $5,674 $1,216,300 $0 $0
2023 $5,404 $1,135,200 $0 $0
2022 $21,391 $954,100 $0 $0
2021 $20,632 $932,000 $0 $0
2020 $20,663 $931,300 $0 $0
2019 $20,111 $630,600 $0 $0
2018 $19,661 $633,300 $0 $0
2017 $18,595 $633,300 $0 $0
2016 $18,514 $548,000 $0 $0
2015 $424,972 $544,200 $0 $0
2014 $424,972 $576,600 $0 $0
2013 -- $418,280 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/06/2025 06/06/25 Price Changed $16,000,000 -11.1% $2,807 / Sq Ft
10/24/2024 10/24/24 For Sale $18,000,000 -- $3,158 / Sq Ft
Source: Northern Michigan MLS

Source: Northern Michigan MLS

MLS Number: 475226

Northern Michigan MLS

APN: 00501204900