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For sale
  • $2,555,000

    3135 Depew Rd, Petoskey, MI 49770

    4beds
    3,981sqft
    : 
    $16,151/mo
    Get pre-qualified
    SingleFamily
    Built in 1991
    18.89 Acres Lot
    $2,429,100 Zestimate®
    $642/sqft
    $-- HOA

    What's special

    Picturesque streamDeer blindsLush deer-proof gardensFruit orchard
    Unparalleled home and property tucked between the North and West Arms of Walloon Lake that provides a little something for everyone. The main home and two adjacent parcels total 18.89 acres are being offered with this listing, but there's also a guest house, and outbuilding currently used as a woodworking shop on 4.55 acres that is a separate listing, (MLS 479946) that could be purchased, making this a multi-generational oasis with two meticulously crafted homes on over 23.44 acres of some of the most picturesque property Michigan has to offer. With two boat launches within minutes of the property, getting out onto Walloon Lake is easy, and Petoskey is just 10 minutes away. However, the privacy you feel at this estate evokes a feeling that it's just you and nature, as no other homes are visible, except a few homes on the opposite side of the West Arm in the background of your water views of Wallon Lake. So, what do you get with 3135 Depew Rd? To start, there is the recently updated 4-bedroom 3-bath main house across 2 parcels, including lush deer-proof gardens, a greenhouse, and a brand-new studio/office tucked behind the house with heat/air and Wi-Fi. There are paths to traverse the property, meandering to a 3rd included parcel that fronts 1000-plus feet of Lake Grove Road, offering spring-fed ponds, a picturesque stream, a fruit orchard, deer blinds, and a beautiful mix of pines and deciduous trees that are spectacular to observe in all 4 distinct Northern Michigan Seasons. As for maintenance, the home and property are meticulously cared for and loved by the current owners. Everything has been updated from the roof to the mechanicals to the expansive Tigerwood decking that frames the home against the lush plantings and hardscape that lead you to your own personal park. So, if you are searching for simple relaxation or for kids/adults to recreate in the heart of Northern Michigan fun, 3135 Depew is waiting for you. Call for a private tour and more details.
    35 days
    |
    1,032
    |
    52
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael "mac" Mccarthy,

    Gaslight Group Properties 231-347-7300

    Source: Northern Michigan MLS,MLS#: 479947MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 3
      • Full bathrooms: 3
      Primary bedroom
      • Area: 533.89
      • Dimensions: 25.83 x 20.67
      Bedroom
      • Area: 188.61
      • Dimensions: 11.67 x 16.17
      Bedroom 1
      • Area: 141.94
      • Dimensions: 11.67 x 12.17
      Bedroom 2
      • Area: 140
      • Dimensions: 11.67 x 12
      Dining room
      • Area: 108
      • Dimensions: 12 x 9
      Family room
      • Area: 614.65
      • Dimensions: 22.08 x 27.83
      Kitchen
      • Area: 278.76
      • Dimensions: 11.42 x 24.42
      Living room
      • Area: 399.83
      • Dimensions: 20.42 x 19.58
      Heating
      • Natural Gas, Hot Water Baseboard
      Cooling
      • Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Disposal, Refrigerator, Washer, Dryer, Range
      Features
      • Cathedral Ceiling(s)
      • Flooring: Wood
      • Basement: Full,Walk-Out Access,Finished
      • Has fireplace: Yes
      • Fireplace features: Gas, Wood Burning
      Interior area
      • Total interior livable area: 3,981 sqft

      Property

      Parking
      • Parking features: Attached Garage
      • Has attached garage: Yes
      • Covered spaces: 4
      Features
      • Patio & porch: Deck, Patio
      • Spa features: Hot Tub, Bath
      • Waterfront features: Stream/Creek
      Lot
      • Size: 18.89 Acres
      • Dimensions: 1075 x 950
      • Features: Paved, Sprinkler System
      Details
      • Additional structures: Shed(s), Other
      • Parcel number: 131835400001

      Construction

      Type & style
      • Home type: SingleFamily
      Materials
      • Wood Frame/Site Built
      Condition
      • Year built: 1991

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Cable Connected

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Petoskey

      Financial & listing details

      • Price per square foot: $642/sqft
      • Tax assessed value: $496,600
      • Date on market: 6/29/2026
      • Road surface type: Paved

        Estimated market value

        $2,429,100

        $2.31M - $2.55M

        $4,099/mo

        Price history

        DateEventPrice
        6/29/2026Listed for sale$2,555,000+318.9%$642/sqft
        Source: Northern Michigan MLS #479947 Report a problem
        7/22/2016Sold$610,000-6.1%$153/sqft
        Source: Agent Provided Report a problem
        6/16/2016Listed for sale$649,900$163/sqft
        Source: Gaslight Group Properties #447493 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2021-- $248,300 +13%
        2020-- $219,700 +2.1%
        2019-- $215,100 +21.8%
        2018-- $176,600 +0.4%
        2017-- $175,900 +6.3%
        2016-- $165,500 +13%
        2015-- $146,400 +18.9%
        2014-- $123,100 +2.3%
        2013-- $120,300 -7.5%
        2012-- $130,100 -0.1%
        2011-- $130,200 -9%
        2010-- $143,100
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        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

        Getting around

        0 / 100
        Car-Dependent
        7 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        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.

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