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29320 Betsy Smith Trail (Iron Ore Bay)

Beaver Island MI 49782 MLS #:452236

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Vann Home- 29320 Betsy Smith Trail


A 2400 sq. ft. Lakefront home on a 5.37-acre parcel with 169.50 feet of sand beach frontage in the center of Iron Ore Bay. (This house is the first home west of the public beach on Iron Ore Bay.) Designed by a well-known architect, built by a custom home builder. It is a modern 3-bedroom, 2-bathroom home with two fireplaces and a modern kitchen, fantastic views of Iron Ore Bay and the woods behind it with its own attached “4-story” “LIGHTHOUSE.”

The Vanns built this lakefront home about ten years ago but it has been kept so well and used so little that it seems like it was just built yesterday. They designed it to be private and yet take advantage of the view of the sand dunes and the water of Iron Ore Bay. The access to the home is off Betsy Smith Trail on the interior of the acreage parcel (shared driveway with the next lot to the west). There is a narrow road between the house and its lake frontage, but the light traffic on that road does not adversely affect the use of the house. The quality of the materials used and the finishing that was done makes this a very, very nice lakefront home. It has a full basement with a drive-in section that the current owners use to store their boat, 4-wheelers, and other yard and lake items. (It also has an extra room and plenty of extra space in the main part of the basement for storage.)

The home could be used as a summer beach house or as a year-round retirement home because of the way it was built. There is a balcony deck on the back side of the house between the kitchen and dining area for outside sitting or for grilling. There is a wood-burning fireplace in the living room on the first floor level and a second fireplace in the master bedroom on the lake side on the second level. The first floor has a 3/4 bath (shower stall only) but the second-floor bathroom has a large Jacuzzi tub and a separate free-standing shower for the three bedrooms upstairs. Many of the fixtures, lighted mirrors, etc., in both bathrooms were very expensive and are like new.

A contractor’s estimate of the cost to build this house today is close to $500,000. The 170 feet of beach frontage even at today’s reduced values is worth an absolute minimum of $200,000. The owners are also willing to leave with the house all personal property except for some personal pictures. (There is $20,000 to $25,000 of personal property value with everything looking like it was just purchased.)

If you want something a little different but very, very appealing, then you will like this house and consider the whole package a deal PRICE DROPPED FROM ORIGINAL ASKING PRICE OF $675,000 WON'T LAST LONG NOW! PRICED AT $395,000.