Homan Lake

Iron River | Michigan

Pastoral

Perfection

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Keller Williams Classic Realty Northwest

Presented At

$1,950,000

Bedrooms

Bathrooms

Living

4,031

SQFT

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195

Homan Lake

Iron River | Michigan

195 Homan Lake, Iron River, MI 49935, Iron River, Michigan, United States. , Iron River , Michigan

Residential Iron River

Move-in ready and waiting for you, this executive home on 10 acres is situated on the private, serene Homan Lake in Iron County, Michigan. The moment you arrive, you’ll never want to leave. The property is beautifully landscaped, with recently epoxied garage floors and freshly stained buildings. Step inside to discover engineered elm floors with in-floor heating, extending even to the attached garage. The open-concept layout features a chef’s kitchen with soapstone countertops, Alder wood cabinets, and vaulted ceilings that flood the space with natural light. Entertain guests in the dining area, complete with a freestanding Woodstock Soapstone fireplace, or relax in the all-season sunroom, which boasts a built-in grill, hood, and stunning lake views. The living room offers another cozy retreat with a handpicked Montana stone fireplace. The main home includes four bedrooms and 2.5 baths, with a master bath shared by two bedrooms, featuring a tiled steam shower, soaking tub, and double sinks. Upstairs, includes 2 more bedrooms and a bath with a balcony with views of the outdoors and lake. Main-floor living is made easy with a laundry room attached to the garage and plenty of storage throughout the property Additional living quarters above the attached garage provide a bedroom, bath for overflow of guests. The 1590+ sq ft guest house adds even more versatility with one bedroom, one bath, a sauna, kitchen, living area, and a family entertaining space. Outside, a retractable electric/remote awning provides shade on hot days, while wood soffits and gutters add to the home’s charm. The extra detached garage includes upstairs storage accessible by stairs. The waterfront features a beautiful landscaped firepit area and a 72-foot aluminum dock, making it easy to enjoy the tranquil beauty of Homan Lake, which has a max depth of 37 feet. This private lake setting offers the peacefulness of the Northwoods while still being close to other rivers, lakes, and streams. Most furnishings and all appliances in both the main house and guest house are included, and both homes are equipped with security systems for added peace of mind. Located on a private road, this property is a true retreat, ready for you to move in and enjoy.

Property

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Property Location

195 Homan Lake, Iron River, MI 49935, Iron River, Michigan, United States., Iron River Michigan

Local Weather & Climate

Iron River, Michigan

Current Conditions Updated recently

25 °F

Light snow

Feels Like 14°F

Humidity 96%

Wind 11 mph

Visibility 0.1 mi

Sunrise 12:08 PM

Sunset 12:00 AM

5-Day Forecast

Sun 15 Mar

Snow

High 24°

Low 23°

Mon 16 Mar

Snow

High 22°

Low 7°

Tue 17 Mar

Snow

High 16°

Low 2°

Wed 18 Mar

Clouds

High 28°

Low 8°

Thu 19 Mar

Clouds

High 33°

Low 16°

Data from OpenWeatherMap

Walkability & Transit Scores

How easy is it to get around Iron River?

Walkability and transit scores for this address come from the EPA National Walkability Index.

Mortgage Calculator

Estimate your monthly payments for this property

Home Price

Down Payment

$100,000

Interest Rate

Loan Term

Estimated Monthly Payment $3,160

Monthly Payment Breakdown

Principal & Interest $2,528

Loan Amount $400,000

Total Interest $337,621

Total Cost $737,621

Potential Tax Benefits (United States)

$0 Est. First Year Interest Deduction

$0 Est. Annual Tax Savings

*Based on post-2017 tax law. Actual deductions depend on filing status, itemization, and current tax laws.

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Important Information

This calculator is for illustrative purposes only and does not constitute a loan offer, pre-approval, or commitment to lend.
Monthly payment estimates do not include property taxes, homeowner's insurance, HOA fees, or other applicable costs which may significantly increase your actual payment.
Interest rates shown are for demonstration only. Actual rates depend on your credit score, down payment, loan type, property location, and current market conditions.
This tool provides estimates only. Consult with a licensed mortgage professional for accurate quotes and personalized advice.
Tax benefit calculations are simplified estimates based on general assumptions for United States. Actual deductions depend on your specific tax situation, filing status, and current tax laws.
Tax Year Information: Tax data shown is based on United States tax year 2025 (fiscal year: January-December), rules effective from 2018 through 2025. Tax laws change frequently and may have been amended since this data was compiled.

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Does not constitute tax advice and should not be relied upon as such. Tax laws are complex and vary by jurisdiction, individual circumstances, and are subject to change without notice.
May not be current or accurate for your specific situation. Tax rules are updated frequently by governments, and the information shown may not reflect the most recent changes.
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Should not be used as the basis for any tax planning decisions or financial strategies without consulting a qualified tax professional licensed in your jurisdiction.

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Frequently Asked Questions

Common questions about this property

How many bedrooms and bathrooms does 195 Homan Lake, Iron River, MI 49935, Iron River, Michigan, United States have?

This house at 195 Homan Lake, Iron River, MI 49935, Iron River, Michigan, United States features 5 bedrooms with 4,031 square feet of living space.

What is the size of 195 Homan Lake, Iron River, MI 49935, Iron River, Michigan, United States?

This property offers 4,031 square feet of living space.

What is the listing price for 195 Homan Lake, Iron River, MI 49935, Iron River, Michigan, United States?

This property is listed at $195,000,000, which equals $48375 per square foot.

What type of property is 195 Homan Lake, Iron River, MI 49935, Iron River, Michigan, United States?

This is a house located in Iron River, Michigan. The property is situated in an established neighborhood with convenient access to local amenities and services.