Skip main navigation
For sale
  • $13,000,000

    4265 Balsam Ln, Boyne City, MI 49712

    14beds
    5,700sqft
    : 
    $95,421/mo
    Get pre-qualified
    SingleFamily
    Built in ----
    15.5 Acres Lot
    $-- Zestimate®
    $2,281/sqft
    $-- HOA

    What's special

    Fire pitCovered porchesGuest cabinsOriginal barn and boathouseStone fireplace
    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 1900’s, 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.
    657 days
    |
    3,405
    |
    116
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Patrick Leavy,

    Kidd & Leavy Real Estate Co. LLC 231-439-2800

    Source: Northern Michigan MLS,MLS#: 475226MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 14
      • Bathrooms: 8
      • Full bathrooms: 7
      • 1/2 bathrooms: 1
      Cooling
      • Ceiling Fan(s)
      Appliances
      • Included: Refrigerator, Washer, Dryer, Range
      Features
      • Flooring: Wood
      • Basement: None
      Interior area
      • Total interior livable area: 5,700 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Detached Garage, Combination
      • Has garage: Yes
      • Covered spaces: 4
      Features
      • Patio & porch: Deck
      • Exterior features: Dock
      • On waterfront: Yes
      • Waterfront features: Waterfront
      Lot
      • Size: 15.5 Acres
      Details
      • Additional structures: Shed(s)
      • Parcel number: 00501204900

      Construction

      Type & style
      • Home type: SingleFamily
      Materials
      • Wood Frame/Site Built, Log

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Boyne City

      Financial & listing details

      • Price per square foot: $2,281/sqft
      • Tax assessed value: $4,113,400
      • Annual tax amount: $23,459
      • Date on market: 10/24/2024

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $3,188/mo

        Price history

        DateEventPrice
        10/1/2025Price change$13,000,000-18.8%$2,281/sqft
        Source: Northern Michigan MLS #475226 Report a problem
        6/6/2025Price change$16,000,000-11.1%$2,807/sqft
        Source: Northern Michigan MLS #475226 Report a problem
        10/24/2024Listed for sale$18,000,000$3,158/sqft
        Source: Northern Michigan MLS #475226 Report a problem
        10/24/2024Listing removed$18,000,000$3,158/sqft
        Source: Northern Michigan MLS #468534 Report a problem
        6/14/2022Listed for sale$18,000,000$3,158/sqft
        Source: Northern Michigan MLS #468534 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$23,459 +5.5%$2,056,700 +69.1%
        2024$22,239 +5%$1,216,300 +7.1%
        2023$21,180 $1,135,200 +19%
        2022-- $954,100 +2.4%
        2021-- $932,000 +0.1%
        2020-- $931,300 +47.7%
        2019-- $630,600 -0.4%
        2018-- $633,300
        2017-- $633,300 +15.6%
        2016-- $548,000 +0.7%
        2015-- $544,200 -5.6%
        2014-- $576,600 +37.9%
        2013-- $418,280 +2.4%
        2012-- $408,477 +2.7%
        2011-- $397,739 +1.7%
        2010-- $391,091
        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.
        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.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: 49712

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Boyne City

        Source: Northern Michigan MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts