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For sale
  • $1,240,000

    4497 4th St, Walloon Lake, MI 49796

    4beds
    2,673sqft
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    SingleFamily
    Built in 1977
    0.75 Acres Lot
    $570,200 Zestimate®
    $464/sqft
    $-- HOA

    What's special

    Custom finishesFront and rear decksLush easily maintained grounds
    Stunning family or vacation home with lush, easily maintained grounds, set amongst a dramatic pine and deciduous forest, evoking a feeling of complete tranquility, with Walloon Lake access just 300 yards away. It's almost like a treehouse, yet once inside this architecturally pleasing home, you'll find 4 bedrooms and 4 full bathrooms that complement an open-concept plan across two floors with custom finishes through a stylistic lens. Every detail was painstakingly vetted to maintain a modern aesthetic while keeping the laid-back Walloon Lake vibe that translates into a home that you want to hang out in, not just a place to sleep. The choice of materials is unique, but they all fit together in one bold narrative. Outside provides an abundance of living space with front and rear decks, plus a fire pit in the woods and a beautiful combination of hardscape and natural ground cover. The front side deck starts at the convenient "Grillers Door" just off the kitchen and leads to a picturesque lounging/dining space built for afternoon sun and pure relaxation. The rear deck begins off the primary suite and serves as a private access point to a custom sauna and Hot Tub. You see, every detail has been carefully conceived to live as individuals currently do, and every feature throughout the home is custom, from cabinetry to lighting, to shelving, floors, doors, tile choices... the home is a showcase for current design trends, but in an understated way, as a space to live in and work modern individuals do. If the house and grounds are not enough, there is also a gigantic 32 x 40 outbuilding to keep boats, extra vehicles, and toys. How to access the lake?  At the end of Fourth Street, there is an access point to get to the lake with a boat launch just a half mile away and the bustling village of Walloon just past that.  This is truly a remarkable home and property, available for private showings with notice, please. Call today for a private tour.
    8 days
    |
    2,627
    |
    155
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Michael "mac" Mccarthy,

    Gaslight Group Properties 231-347-7300

    Source: Northern Michigan MLS,MLS#: 480040MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 4
      • Full bathrooms: 4
      Primary bedroom
      • Area: 190.61
      • Dimensions: 15.67 x 12.17
      Bedroom
      • Area: 175.56
      • Dimensions: 13.33 x 13.17
      Bedroom 1
      • Area: 104.62
      • Dimensions: 10.92 x 9.58
      Bedroom 2
      • Area: 530.53
      • Dimensions: 26.42 x 20.08
      Dining room
      • Area: 159.38
      • Dimensions: 12.75 x 12.5
      Family room
      • Description: N/A
      Kitchen
      • Area: 199.85
      • Dimensions: 13.25 x 15.08
      Living room
      • Area: 296.22
      • Dimensions: 14.33 x 20.67
      Heating
      • Natural Gas
      Cooling
      • Ceiling Fan(s), Central Air
      Appliances
      • Included: Dishwasher, Disposal, Refrigerator, Washer, Dryer, Range
      Features
      • Cathedral Ceiling(s), Sauna
      • Flooring: Wood
      • Basement: Walk-Out Access,Finished
      • Has fireplace: Yes
      • Fireplace features: Wood Burning Stove
      Interior area
      • Total interior livable area: 2,673 sqft
      Video & virtual tour

      Property

      Parking
      • Parking features: Detached Garage
      • Has garage: Yes
      • Covered spaces: 4
      Features
      • Patio & porch: Deck, Patio
      • Spa features: Hot Tub
      Lot
      • Size: 0.75 Acres
      • Dimensions: 110 x 300 x 147 x 282
      • Features: Paved, Near Snowmobile Trails
      Details
      • Parcel number: 01000801600

      Construction

      Type & style
      • Home type: SingleFamily
      Materials
      • Wood Frame/Site Built
      Condition
      • Year built: 1977

      Utilities & green energy

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

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Walloon Lake

      Financial & listing details

      • Price per square foot: $464/sqft
      • Tax assessed value: $343,400
      • Annual tax amount: $3,112
      • Date on market: 7/6/2026
      • Road surface type: Paved

        Estimated market value

        $570,200

        $502,000 - $650,000

        $2,956/mo

        Price history

        DateEventPrice
        7/6/2026Listed for sale$1,240,000$464/sqft
        Source: Northern Michigan MLS #480040 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$3,112 +4.9%$171,700 +4.8%
        2024$2,967 +5%$163,800 +7.5%
        2023$2,826 $152,400 +21.6%
        2022-- $125,300 +14.5%
        2021-- $109,400 -30.6%
        2020-- $157,700 +29.1%
        2019-- $122,200 +0.7%
        2018-- $121,300
        2017-- $121,300 +0.9%
        2016-- $120,200 +8.9%
        2015-- $110,400 +2.8%
        2014-- $107,400 +64.3%
        2013-- $65,382 +2.4%
        2012-- $63,850 +2.7%
        2011-- $62,172 +1.7%
        2010-- $61,133
        Find assessor info on the county website

        Monthly payment

        Est. payment

        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: 49796

        Getting around

        19 / 100
        Car-Dependent
        5 / 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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