Located in the heart of downtown Petoskey, this versatile property offers an opportunity to enjoy one of Northern Michigan's most sought-after neighborhoods. Enjoy the convenience of being just a few blocks from shopping and dining in Petoskey's historic Gaslight District, and less than a half mile from the Petoskey Marina and shores of Lake Michigan, not to mention easy access to the Winter Sports Park, the library and area schools. Colonial-inspired architecture welcomes you with a charming front porch, hardwood floors throughout,10-foot main floor ceilings and a classic staircase that showcases the home's enduring character. Offering 5 bedrooms with the potential for an office, or studio space in the third-story attic, the home provides flexibility for a variety of living arrangements. Currently configured as a two-unit residence, the property features a separate entrance to the lower-level apartment, two kitchens, and two laundry areas, creating potential for long term rental income, multi-generational living, guest accommodations, or a seamless conversion back to a single-family home. Outdoor living is equally appealing, with a spacious deck ideal for entertaining while enjoying views of Little Traverse Bay. The inviting front porch offers the perfect spot for morning coffee, surrounded by fragrant lilacs and blooming hydrangeas and a 3-car garage provides abundant storage and workshop space. Recent improvements include a new roof and gutters, new sewer lines and sidewalks and a new chimney. The home is also equipped with a glycol-based plumbing freeze protection system, providing an added layer of protection for water lines during Northern Michigan winters. Combining historic charm, modern functionality, bay views, and unmatched walkability, this unique downtown Petoskey property offers a lifestyle opportunity rarely found in today's market.
For sale
$500,000
312 Williams St, Petoskey, MI 49770
5beds
3,069sqft
SingleFamily
Built in ----
-- sqft lot
$490,000 Zestimate®
$163/sqft
$-- HOA
What's special
Colonial-inspired architectureHardwood floors throughoutClassic staircaseInviting front porchNew roof and guttersNew chimneyCharming front porch
- 36 days |
- 3,139 |
- 129 |
Zillow last checked:
Listing updated:
Listed by:
Kim Mettler,
Real Estate One 231-347-6200
Source: Northern Michigan MLS,MLS#: 479612
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Primary bedroom
- Area: 161.94
- Dimensions: 17.67 x 9.17
Bedroom
- Area: 101.65
- Dimensions: 9.92 x 10.25
Bedroom 1
- Area: 99.94
- Dimensions: 9.75 x 10.25
Bedroom 2
- Area: 171.14
- Dimensions: 16.83 x 10.17
Dining room
- Area: 149.81
- Dimensions: 12.75 x 11.75
Family room
- Area: 235.94
- Dimensions: 10.33 x 22.83
Kitchen
- Area: 201.04
- Dimensions: 12.5 x 16.08
Living room
- Area: 206.04
- Dimensions: 19.17 x 10.75
Heating
- Hot Water Baseboard
Cooling
- Ceiling Fan(s)
Appliances
- Included: Built-in Microwave, Dishwasher, Disposal, Refrigerator, Washer, Dryer, Range
Features
- Basement: Full
Interior area
- Total interior livable area: 3,069 sqft
Property
Parking
- Parking features: Detached Garage
- Has garage: Yes
- Covered spaces: 3
Features
- Patio & porch: Deck
Lot
- Features: Paved
Details
- Parcel number: 521905102036
Construction
Type & style
- Home type: SingleFamily
Materials
- Wood Frame/Site Built
Utilities & green energy
- Sewer: City
- Water: City
Community & HOA
HOA
- Has HOA: No
Location
- Region: Petoskey
Financial & listing details
- Price per square foot: $163/sqft
- Tax assessed value: $293,600
- Date on market: 6/3/2026
Estimated market value
$490,000
$466,000 - $515,000
$4,564/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/3/2026 | Listed for sale | $500,000$163/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2021 | -- | $146,800 +20.4% |
| 2020 | -- | $121,900 +5.4% |
| 2019 | -- | $115,600 -3.8% |
| 2018 | -- | $120,200 +0.3% |
| 2017 | -- | $119,900 -1.2% |
| 2016 | -- | $121,300 +10.1% |
| 2015 | -- | $110,200 |
| 2014 | -- | $110,200 +6.1% |
| 2013 | -- | $103,900 +28.4% |
| 2012 | -- | $80,900 -9% |
| 2011 | -- | $88,900 -19.9% |
| 2010 | -- | $111,000 |
Find assessor info on the county website
Monthly payment
Est. payment$--/mo
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.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: 49770
Nearby schools
GreatSchools rating
- 8/10Central Elementary SchoolGrades: K-5Distance: 0.3 mi
- 9/10Petoskey Middle SchoolGrades: 6-8Distance: 1 mi
- 7/10Petoskey High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- District: Petoskey
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.
- Michigan
- Emmet County
- Petoskey
- 49770
- 312 Williams St








