Set on 10 beautiful acres of mature hardwoods and pines, this inviting Northern Michigan home offers privacy, space, and a wonderful connection to Torch Lake. With just over 2,000 sq. ft. , the home features an updated kitchen with beautiful quartz countertops, tile flooring on the main level, and comfortable living spaces designed for year-round enjoyment. The walkout lower level features a cozy family room with a wood-burning stove and convenient exterior access, making it easy to bring firewood directly inside. The warmth naturally rises throughout the home, creating an especially comfortable retreat during Northern Michigan winters. Hot-water baseboard heat and a well-insulated design provide additional year-round comfort. The spacious three-stall garage offers plenty of room for vehicles, recreational gear, and a workshop, plus stairs leading to a large unfinished second-floor loft with excellent storage and future possibilities. Best of all, the property includes a paid covered indoor boat slip at Torch River Marina for the next year, providing easy access to spectacular Torch Lake. The buyer will have the opportunity to continue the slip arrangement, along with the option to purchase the seller’s pontoon boat separately. Additional features include a metal roof, septic system replaced in 2023, dishwasher new in 2024, electric range plus second oven, washer and dryer, and a 55-gallon electric water heater. A wonderful combination of wooded acreage, comfortable living, exceptional storage, and easy access to one of Northern Michigan’s most treasured lakes!
Single-familyProperty Type
1979Year Built
10.24 acresLot Size
$187Price/Sq.Ft.
3 car garageParking
Listed by Sheri Richards• Five Star Real Estate
•231-778-1200 (broker)
•s.richards.realtor@gmail. (broker)
Bought with David Hricik• The Mitten Real Estate Group
Est. $2,748 per month, based on comparable rentals
Sale and tax history for 5501 Way Rd
Sale History
Tax History
Date
Event
Price
MiRealSource-MiMLS #80072959
Oct 2, 2026
Sold
$380,000
$187/sq ft
Sep 2, 2026
Contingent
—
Aug 28, 2026
Listed
$379,000
$186/sq ft
REALCOMP #78080072959
Oct 2, 2026
Sold
$380,000
$187/sq ft
Sep 2, 2026
Contingent
—
Aug 28, 2026
Listed
$379,000
$186/sq ft
Set on 10 beautiful acres of mature hardwoods and pines, this inviting Northern Michigan home offers privacy, space, and a wonderful connection to Torch Lake. With just over 2,000 sq. ft. , the home features an updated kitchen with beautiful quartz countertops, tile flooring on the main level, and comfortable living spaces designed for year-round enjoyment. The walkout lower level features a cozy family room with a wood-burning stove and convenient exterior access, making it easy to bring firewood directly inside. The warmth naturally rises throughout the home, creating an especially comfortable retreat during Northern Michigan winters. Hot-water baseboard heat and a well-insulated design provide additional year-round comfort. The spacious three-stall garage offers plenty of room for vehicles, recreational gear, and a workshop, plus stairs leading to a large unfinished second-floor loft with excellent storage and future possibilities. Best of all, the property includes a paid covered indoor boat slip at Torch River Marina for the next year, providing easy access to spectacular Torch Lake. The buyer will have the opportunity to continue the slip arrangement, along with the option to purchase the sellers pontoon boat separately. Additional features include a metal roof, septic system replaced in 2023, dishwasher new in 2024, electric range plus second oven, washer and dryer, and a 55-gallon electric water heater. A wonderful combination of wooded acreage, comfortable living, exceptional storage, and easy access to one of Northern Michigans most treasured lakes!
MiRealSource-MiMLS #1140423
Feb 9, 2015
Sold
$140,500
$69/sq ft
May 13, 2014
Listed
$150,000
$74/sq ft
Professionally decorated barn style home. This 3 bed, 2 bath home is privately located on 10 heavily wooded and rolling acres with trails throughout the property. Features T & G vaulted ceiling, 23x42 two story garage, Large deck, Patio, Great landscaping, Woodstove, and much more. Close to lakes and trails while offering an easy commute to Traverse City.