Charming Walloon Peninsula Fixer-Upper with Protected Privacy & Seasonal Lake Views! 3 BR / 2 BA | 1,355 SQ FT | Two-Story | 2-Car Detached Garage Nestled into the serene hillside of a rolling and heavily wooded lot on the coveted southern point of the Walloon Peninsula, this two-story home offers an unparalleled opportunity to create your dream Northern Michigan retreat. Located directly across the street from Walloon Lake, you'll enjoy a private, tree-lined sanctuary that opens up to beautiful seasonal lake views as the autumn and winter months roll in. Privacy here is unmatched—your rolling, heavily forested property directly abuts 260 pristine acres of Resort Township and protected conservancy land, ensuring your majestic wooded backdrop remains beautifully wild, private, and permanently untouched. The home itself boasts excellent, solid bones and a fantastic structural layout, providing the perfect canvas for a custom renovation. Inside, you'll find 1,355 square feet of living space featuring 3 bedrooms and 2 bathrooms, complemented by a spacious 2-car detached garage with plenty of room for your boat, water toys, and storage. The property requires extensive updating and restoration throughout, making it an ideal investment project or an incredible opportunity to build significant equity in a highly desirable, premium neighborhood. Due to the extent of updates required, this property will not qualify for conventional financing. Sold strictly as-is. Cash or portfolio loans only. Don't miss out on the rare chance to own a piece of the Walloon Peninsula, backed by hundreds of acres of protected nature, at an incredibly accessible price point. Schedule your showing today and unlock this property's true potential!
For sale
Price cut: $91K (9/1)
$499,000
6243 Lake Grove Rd, Petoskey, MI 49770
3beds
1,355sqft
SingleFamily
Built in ----
2 Acres Lot
$492,600 Zestimate®
$368/sqft
$-- HOA
What's special
Two-story homeMajestic wooded backdropSeasonal lake viewsPrivate tree-lined sanctuaryProtected privacy
- 114 days
- 1,604
- 30
Zillow last checked:
Listing updated:
Listed by:
Jeff Patton,
Coldwell Banker Schmidt - Petoskey 231-347-7600
Source: Northern Michigan MLS,MLS#: 479632
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 2
- Full bathrooms: 2
Primary bedroom
- Area: 168
- Dimensions: 14 x 12
Bedroom
- Area: 195
- Dimensions: 15 x 13
Bedroom 1
- Area: 195
- Dimensions: 15 x 13
Dining room
- Area: 77.4
- Dimensions: 9 x 8.6
Family room
- Area: 292.16
- Dimensions: 17.6 x 16.6
Kitchen
- Area: 104
- Dimensions: 13 x 8
Heating
- Wood, Electric Baseboard
Appliances
- Included: Dishwasher, Refrigerator, Washer, Dryer, Range
Features
- Basement: Crawl Space
Interior area
- Total interior livable area: 1,355 sqft
Property
Parking
- Parking features: Detached Garage
- Has garage: Yes
- Covered spaces: 2
Features
- Levels: Two Or More
- Patio & porch: Deck
Lot
- Size: 2 Acres
- Dimensions: 150 x 625 Irregular
- Features: Borders State Land
Details
- Parcel number: 132102100020
Construction
Type & style
- Home type: SingleFamily
Materials
- Wood Frame/Site Built
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: $368/sqft
- Tax assessed value: $264,200
- Annual tax amount: $5,004
- Date on market: 6/5/2026
- Road surface type: Paved
Estimated market value
$492,600
$468,000 - $517,000
$2,435/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/1/2026 | Price change | $499,000-15.4%$368/sqft |
Source: | ||
| 6/24/2026 | Price change | $590,000-10.5%$435/sqft |
Source: | ||
| 6/5/2026 | Listed for sale | $659,000$486/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2026 | $5,004 +2.5% | $264,200 +6.9% |
| 2025 | $4,882 | $247,200 +87.3% |
| 2021 | -- | $132,000 -1% |
| 2020 | -- | $133,400 +0.7% |
| 2019 | -- | $132,500 +13.3% |
| 2018 | -- | $116,900 +3.5% |
| 2017 | -- | $113,000 +0.8% |
| 2016 | -- | $112,100 -0.1% |
| 2015 | -- | $112,200 +8.7% |
| 2014 | -- | $103,200 -2.8% |
| 2013 | -- | $106,200 -2.7% |
| 2012 | -- | $109,100 -12.6% |
| 2011 | -- | $124,800 -12.7% |
| 2010 | -- | $143,000 |
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.Climate risks
Neighborhood: 49770
Nearby schools
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.





