For sale

$1,299,900

163 Homan Lake Rd, Iron River, MI 49935

4beds

4,392sqft

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Single Family Residence

Built in 2006

5.43 Acres Lot

$1,228,700 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.

118 days

320

14

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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

$1,228,700

$1.17M - $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

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

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