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For sale
  • $1,495,000

    4987 Loeb Rd, Charlevoix, MI 49720

    --beds
    --baths
    6,317sqft
    : 
    $10,139/mo
    Get pre-qualified
    Other
    Built in ----
    -- sqft lot
    $1,396,300 Zestimate®
    $237/sqft
    $-- HOA

    What's special

    Exceptional cut stone craftsmanshipSpanning two acresPreserved historic character throughoutExpansive lower level
    Step into a piece of Northern Michigan history with this extraordinary estate in Charlevoix. Spanning two acres, this unique property brings together three distinct buildings—the historic stone Loeb Schoolhouse, a carriage house, and a duplex—into one spectacular compound. Lovingly renovated by an artistic craftsman, the estate currently features 7 rentable units, with the township allowing for a total of 8, offering a highly lucrative turnkey or value-add investment opportunity. The crown jewel of the estate is the historic 1917 old schoolhouse. The main schoolhouse showcases exceptional cut stone craftsmanship and preserved historic character throughout. It currently features a stunning sunrise-view loft under construction, offering the perfect canvas to design a massive, luxurious owner's suite. Below, an expansive lower level provides limitless potential for storage, a creative studio, workshop, or custom home gym. Whether you are looking for a high-yield investment or have the creative vision to develop a premier boutique compound, the sky is the limit on this property's potential.
    17 days
    500
    16

    Zillow last checked:

    Listing updated:

    Listed by:

    Matthew Murray,

    Berkshire Hathaway HomeServices Real Estate 231-547-9905

    Source: Northern Michigan MLS,MLS#: 480690MLS Logo

      Facts & features

      Interior

      Heating
      • Natural Gas
      Features
      • Basement: Crawl Space,Full
      Interior area
      • Total structure area: 6,317
      • Total interior livable area: 6,317 sqft

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Other
      Materials
      • Foundation: Slab

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: City

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Charlevoix

      Financial & listing details

      • Price per square foot: $237/sqft
      • Date on market: 9/3/2026

        Estimated market value

        $1,396,300

        $1.31M - $1.47M

        Not available

        Price history

        DateEventPrice
        9/3/2026Listed for sale$1,495,000+1008.2%$237/sqft
        Source: Northern Michigan MLS #480690 Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        4/2/2015Listing removed$134,900$21/sqft
        Source: Owner Report a problem
        2/7/2015Listed for sale$134,900+36.3%$21/sqft
        Source: Owner Report a problem
        7/29/2012Listing removed$99,000$16/sqft
        Source: Coldwell Banker Schmidt REALTORS #432014 Report a problem
        1/22/2012Price change$99,000-23.3%$16/sqft
        Source: Coldwell Banker Schmidt REALTORS #432014 Report a problem
        11/20/2011Listed for sale$129,000$20/sqft
        Source: Coldwell Banker Schmidt, Realtors #432013 Report a problem

        Public tax history

        Tax history is unavailable.

        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.
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        Climate risks

        Neighborhood: 49720

        Getting around

        0 / 100
        Car-Dependent
        25 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • District: Charlevoix

        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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