For sale

$1,299,900

163 Homan Lake Rd, Iron River, MI 49935

4beds

4,392sqft

$8,464/mo

Get pre-qualified

Single Family Residence

Built in 2006

5.43 Acres Lot

$1,224,300 Zestimate^®

$296/sqft

$-- HOA

What's special

Large walk-in saunaSpa bathDual vanity sinks

This spectacularly unique custom built 4 bedroom, 2.5 bath home on well over 5 acres was constructed with pride, passion and great attention to detail. Encompassing nearly 4,400 square feet of luxurious living space, that starts with the 2-car attached garage leading to the laundry/mud room with ample storage and half bath. From there, enter the custom kitchen that every chef would love, with soapstone countertops. The primary suite includes a walk-in tiled shower, spa bath, and dual vanity sinks. The lower level has two bedrooms with another large bath. This home even has a large walk-in sauna! The exterior is beautifully landscaped with a walking path down to the water. There are so many more amenities than your average waterfront home! 153-acre Homan Lake is a private lake and reaches depths of about 35 feet. It's also no-wake, so it's ideal for fishing, kayaking, canoeing, and swimming.

173 days

279

13

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 4
Bathrooms: 3
Full bathrooms: 2
1/2 bathrooms: 1

Bedroom

Level: First
Dimensions: 18x13

Bedroom

Level: Basement
Dimensions: 20x12

Bedroom

Level: Basement
Dimensions: 19x16

Bedroom

Level: First
Dimensions: 14x14

Bathroom

Level: Basement

Bathroom

Level: First

Bathroom

Level: First

Dining room

Level: First
Dimensions: 16x12

Family room

Level: Basement
Dimensions: 20x21

Kitchen

Level: First
Dimensions: 16x12

Laundry

Level: First
Dimensions: 18x15

Living room

Level: First
Dimensions: 21x21

Heating

Forced Air, Natural Gas

Appliances

Included: Gas Water Heater
Laundry: Main Level

Features

Bath in Primary Bedroom, Sauna
Basement: Full,Finished,Walk-Out Access
Number of fireplaces: 2
Fireplace features: Multiple

Interior area

Total structure area: 4,392
Total interior livable area: 4,392 sqft
Finished area above ground: 2,196
Finished area below ground: 2,196

Property

Parking

Total spaces: 2
Parking features: Garage, Two Car Garage
Garage spaces: 2

Features

Levels: One
Stories: 1
Patio & porch: Covered, Deck, Open
Exterior features: Deck
On waterfront: Yes
Waterfront features: Other
Body of water: HOMAN
Frontage length: 347,347

Lot

Size: 5.43 Acres

Details

Parcel number: 00416700123
Zoning description: Residential

Construction

Type & style

Home type: SingleFamily
Architectural style: One Story
Property subtype: Single Family Residence

Materials

Frame, Log

Condition

Year built: 2006

Utilities & green energy

Sewer: Septic Tank
Water: Drilled Well
Utilities for property: Septic Available

Community & HOA

Community

Subdivision: Homan Lake

Location

Region: Iron River

Financial & listing details

Price per square foot: $296/sqft
Tax assessed value: $405,630
Annual tax amount: $9,625
Date on market: 2/13/2026
Ownership: Fee Simple,Condominium

Estimated market value

$1,224,300

$1.16M - $1.29M

$2,626/mo

Price history

Date	Event	Price
2/13/2026	Listed for sale	$1,299,900+53.8%$296/sqft
Source: Upper Peninsula AOR #50199384 Report a problem
6/15/2021	Sold	$845,000-0.5%$192/sqft
Source: GNMLS #187552 Report a problem
6/9/2021	Contingent	$849,000$193/sqft
Source: GNMLS #187552 Report a problem
9/25/2020	Listed for sale	$849,000-5.6%$193/sqft
Source: CENTURY 21 BURKETT & ASSOC. #187552 Report a problem
1/1/2020	Listing removed	$899,000$205/sqft
Source: WILD RIVERS REALTY-IR #1109389 Report a problem
7/2/2018	Listed for sale	$899,000+235.5%$205/sqft
Source: WILD RIVERS REALTY-IR #1109389 Report a problem
8/9/2005	Sold	$267,950$61/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$8,930 +4.9%	$405,630 -9.4%
2023	$8,513 -23.4%	$447,500 +43.1%
2022	$11,120	$312,700 +21.9%
2021	--	$256,600
2020	--	$256,600 -6.7%
2019	--	$275,100 +14.7%
2017	--	$239,900 +0.3%
2016	--	$239,300 +0.8%
2015	--	$237,400 +7.2%
2014	--	$221,400 -4.9%
2013	--	$232,700 -11.4%
2011	--	$262,500

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified