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.
For sale
$1,495,000
4987 Loeb Rd, Charlevoix, MI 49720
--beds
--baths
6,317sqft
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
- 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#: 480690
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
| Date | Event | Price |
|---|---|---|
| 9/3/2026 | Listed for sale | $1,495,000+1008.2%$237/sqft |
Source: | ||
| 3/24/2021 | Listing removed | -- |
Source: Owner Report a problem | ||
| 4/2/2015 | Listing removed | $134,900$21/sqft |
Source: Owner Report a problem | ||
| 2/7/2015 | Listed for sale | $134,900+36.3%$21/sqft |
Source: Owner Report a problem | ||
| 7/29/2012 | Listing removed | $99,000$16/sqft |
Source: Coldwell Banker Schmidt REALTORS #432014 Report a problem | ||
| 1/22/2012 | Price change | $99,000-23.3%$16/sqft |
Source: Coldwell Banker Schmidt REALTORS #432014 Report a problem | ||
| 11/20/2011 | Listed 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






