Fortune Lake Home for sale! This home has so much charm and character. This two-bedroom, one and a half bath home sits on 395 feet of frontage on the First Fortune Lake and approximately 600 feet of frontage on the canal heading to the Second Fortune Lake with approximately 2.91 acres of land. First floor hosts two bedrooms, one full bath, open concept living/dining room with tall cathedral ceilings, living room includes a wood burning fireplace. Lower level hosts storage along with laundry hookups, a large shower, and a walk out basement. Facing the lake there is a 7x23 three season porch to enjoy! Need extra room for storage or guests? There is a guest cabin right on the water! Property also includes a two car detached garage. Frontage is all sand and pebble frontage and even includes a small little island. Don't let this home pass you by.
Single-familyProperty Type
1940Year Built
2.91 acresLot Size
$824Est. Price/Sq.Ft.
2 car garageParking
Listed by STEPHEN REMONDINI• STEPHENS REAL ESTATE-IRON RIVER
•906-265-7325 (broker)
•frontdesk@stephensandassoc.com (broker)
Bought with STEPHEN REMONDINI• STEPHENS REAL ESTATE-IRON RIVER
Fortune Lake Home for sale! This home has so much charm and character. This two-bedroom, one and a half bath home sits on 395 feet of frontage on the First Fortune Lake and approximately 600 feet of frontage on the canal heading to the Second Fortune Lake with approximately 2.91 acres of land. First floor hosts two bedrooms, one full bath, open concept living/dining room with tall cathedral ceilings, living room includes a wood burning fireplace. Lower level hosts storage along with laundry hookups, a large shower, and a walk out basement. Facing the lake there is a 7x23 three season porch to enjoy! Need extra room for storage or guests? There is a guest cabin right on the water! Property also includes a two car detached garage. Frontage is all sand and pebble frontage and even includes a small little island. Don't let this home pass you by.
MiRealSource-MiMLS #50144204
Jul 9, 2024
Sold
$600,000
$659/sq ft
Jun 8, 2024
Contingent
—
Jun 3, 2024
Listed
$629,900
$692/sq ft
Year
Property tax
Land + Additions
Assessment*
2025
$8,966 (+173.6%)
2024
$3,278 (+7.8%)
2023
$3,039 (+4.9%)
2022
$2,896 (+3.3%)
2021
$2,805 (+0.5%)
2020
$2,789 (+1.8%)
2019
$2,739 (+17.1%)
2008
$2,339
Tax history for 540 Idlewild Rd
Year
Property tax
Land + Additions
Assessment*
2025
$8,966 (+173.6%)
2024
$3,278 (+7.8%)
2023
$3,039 (+4.9%)
2022
$2,896 (+3.3%)
2021
$2,805 (+0.5%)
2020
$2,789 (+1.8%)
2019
$2,739 (+17.1%)
2008
$2,339
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
1
Baths
1
Stories
—
Lot width
395 ft.
Lot depth
550 ft.
Lot size
4.99 Acres
Year renovated
—
Sq. Ft.
1,328
Year built
—
Style
Single Family Residential
County
Iron County
APN
002-284-021-00
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 27, 2026.
Property details
Parking
Parking/Garage Information
Has Garage
# of Parking Spaces in Garage: 2
Garage Type: Detached Garage, Electric In Garage
Interior
Interior Features
Has Fireplace
# of Fireplaces (Total): 1
Rooms: First Floor Bedroom, Living Room, Basement Lavatory, Formal Dining Room
Interior Features: None (InteriorFeatures)
Appliances: Microwave, Range/Oven, Refrigerator
Has Fireplace
Fireplace Features: Livingroom Fireplace
Bedroom Information
First Floor Bedroom
Bedroom 1 Level: First
Bedroom 1 Dimensions: 11 x 7
Bedroom 2 Level: First
Bedroom 2 Dimensions: 11 x 11
Bathroom Information
Main Floor Full Bathroom
# of Lavatories: 1
# of Bathrooms (Full): 1
# of Baths/Lavatories (Total): 2
Bathroom 1 Information
Lavatory 1 Width: 10
Lavatory 1 Length: 5
Lavatory 1 Level: Lower
Bathroom 1 Level: First
Bathroom 1 Length: 7
Bathroom 1 Width: 5
Dining/Kitchen Information
Kitchen Level: First
Kitchen Dimension: 11 x 8
Dining Room Level: First
Dining Room Dimension: 15 x 8
Library/Den/Living Room Information
Living Room Level: First
Living Room Dimensions: 21 x 15
Laundry/Basement Information
Basement : Has Basement
Basement Type: Block, Poured
Exterior
Exterior Features
Exterior Construction: Wood
Exterior Features: None (ExteriorFeatures)
Foundation Type: Basement
Property Features
On Waterfront
Water Features: All Sports Lake
Frontage Type: Water
Lake Name: First Fortune
Property Information
Out Buildings: Guest House
Property Type: Residential
Property Type: Residential
Structure Style: 1 Story
Year Built: 1940
Below Grade Sq. Ft.: 910
Below Grade Sq. Ft. (Finished): 0
Lot Information
SHORELINE: Cleared, Pebble, Sand
SITE/LOT FEATURES: Rural
VIEW: Lake View
Site Description: Deep Lot - 150+ Ft.
Lot Size: 395
Zoning: Residential
Land Information
Land Contract: No
Acreage: 2.91
Roads: City/County
Frontage: 395
Financial
Tax/Assessments Information
Total Tax Amount: $2,896.43
Summer Tax Year: 2022
Summer Tax Amount: $2,174.51
Winter Tax Year: 2022
Winter Tax Amount: $721.92
Utilities
Utility Information
UTILITIES: Electricity Connected
Heat/Fuel Type: Oil
Water Heater: Gas
Water: Private Well
Cooling System: Central A/C
Heating System: Forced Air
Sewer Septic: Septic
Location
Unit 5 Information
Living Room Dimensions: L=910
School Information
School District: West Iron County School District
School District: West Iron County School District
Address Information
Street Designation: Road
Location Details
At Ski Resort Y/N: No
Directions: From Iron River, Head East on US2. Turn right onto Idlewild Road. Home on left.
Municipality Type: Township
Municipality: Crystal Falls Twp
Mail City: Crystal Falls
Subdivision: None
Municipality: Crystal Falls Twp
Area (Municipality): Crystal Falls Twp (36005)
Public facts
Beds: 1
Baths: 1.0
Sq. Ft.: 1,328
Stories: —
Lot Size: 4.99 acres
Style: Single Family Residential
Year Built: —
Year Renovated: —
County: Iron County
APN: 002-284-021-00
Home facts updated by county records on Jul 27, 2026
Other
Listing Data
SPECIAL LISTING CONDITION: Standard
Listing Information
Originating MLS: Upper Peninsula Assoc of Realtor
Around this home
Schools
Forest Park School
Public PreK-12 • Assigned • 4.2mi
7/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
1/10 Heat Factor
7 days above 91° expected this year, 13 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
1/10 Air Factor
0 unhealthy days expected this year, 0 days in 30 years
Provided by First Street
Historical weather
Crystal Falls, MI • 49920
Average low and high temperatures (°F)
20
5
28
9
40
20
51
30
66
39
75
52
81
58
74
53
69
49
60
38
41
28
26
14
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.5 hours in
June and 2.9 hours in December, placing it below the
U.S. average for solar exposure.
9.5 hrs
2.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$713,000 – $863,000
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