Welcome to the Jewel on Walloon at 850 W Bear River Road, a breathtaking 14,636-square-foot estate on the serene North Arm of Walloon Lake, masterfully designed by Gary Nance. This gated property blends timeless craftsmanship with modern luxury, featuring reclaimed Douglas fir timbers, Van Tassell granite accents, and sophisticated interiors with custom cabinetry, marble finishes, and state-of-the-art amenities like geothermal heating, Crestron home automation system, a whole-house generator, electronic blinds, and a heated driveway. The estate boasts a chef’s dream kitchen, a 400-bottle temperature controlled wine cellar, an English pub, a golf simulator, craft room, in-home gym with steam shower, in-home theatre, a car lift to store an extra vehicle or boat in the lower level, an 1850 sq.ft attached guest apartment, and an expansive three-season outdoor entertainment space. The 2.27-acre manicured grounds offer 387 feet of pristine Walloon Lake frontage, a grandfathered 2-well boathouse, a gazebo over the water, a guest cabin, and a grand pergola overlooking all of it. With its rich history, stunning design, and proximity to Walloon Lake Village, Walloon Lake Country Club and charming downtown Petoskey, this property is a rare gem offering unparalleled elegance and tranquility. Welcome Home!
For sale
Price cut: $350K (6/19)
$13,645,000
850 W Bear River Rd, Petoskey, MI 49770
5beds
14,636sqft
SingleFamily
Built in 2018
2.27 Acres Lot
$12,223,500 Zestimate®
$932/sqft
$-- HOA
What's special
Guest cabinState-of-the-art amenitiesIn-home theatreHeated drivewayMarble finishesGazebo over the waterGeothermal heating
- 168 days |
- 7,042 |
- 263 |
Zillow last checked:
Listing updated:
Listed by:
Mallory O'brien,
Pat O'Brien & Associates - Boyne City 231-582-1700
Source: Northern Michigan MLS,MLS#: 478781
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 7
- Full bathrooms: 6
- 1/2 bathrooms: 1
Primary bedroom
- Area: 394.67
- Dimensions: 16 x 24.67
Bedroom
- Area: 474.58
- Dimensions: 22.33 x 21.25
Bedroom 1
- Area: 376.94
- Dimensions: 13.58 x 27.75
Bedroom 2
- Area: 379.17
- Dimensions: 22.75 x 16.67
Dining room
- Area: 432.51
- Dimensions: 24.83 x 17.42
Family room
- Area: 628.33
- Dimensions: 26 x 24.17
Kitchen
- Area: 438.17
- Dimensions: 19.92 x 22
Living room
- Area: 1026.67
- Dimensions: 32 x 32.08
Heating
- Natural Gas, Radiant Floor, Geothermal
Cooling
- Central Air
Appliances
- Included: Dishwasher, Disposal, Refrigerator, Washer, Dryer, Range
Features
- Cathedral Ceiling(s), Sauna, Elevator
- Flooring: Wood
- Windows: Mini Blinds
- Basement: Full,Walk-Out Access,Finished,Poured
- Has fireplace: Yes
- Fireplace features: Gas
Interior area
- Total interior livable area: 14,636 sqft
Video & virtual tour
Property
Parking
- Parking features: Attached Garage
- Has attached garage: Yes
- Covered spaces: 4
Features
- Levels: Two Or More
- Patio & porch: Deck, Patio
- Exterior features: Dock
- Spa features: Hot Tub, Bath
- On waterfront: Yes
- Waterfront features: Waterfront
Lot
- Size: 2.27 Acres
- Features: Paved, Sprinkler System
Details
- Additional structures: Other, Guest House
- Parcel number: 011931476006
Construction
Type & style
- Home type: SingleFamily
Materials
- Wood Frame/Site Built
Condition
- Year built: 2018
Utilities & green energy
- Sewer: Septic Tank
- Water: Well
Community & HOA
Community
- Security: Security System
HOA
- Has HOA: No
Location
- Region: Petoskey
Financial & listing details
- Price per square foot: $932/sqft
- Tax assessed value: $7,146,400
- Date on market: 3/1/2026
- Road surface type: Paved
Estimated market value
$12,223,500
$11.49M - $12.96M
$5,348/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/19/2026 | Price change | $13,645,000-2.5%$932/sqft |
Source:  Northern Michigan MLS #478781 Report a problem | ||
| 3/1/2026 | Listed for sale | $13,995,000$956/sqft |
Source: Northern Michigan MLS #478781 Report a problem | ||
| 1/1/2026 | Listing removed | $13,995,000$956/sqft |
Source: Northern Michigan MLS #475791 Report a problem | ||
| 5/8/2025 | Price change | $13,995,000-3.5%$956/sqft |
Source: Northern Michigan MLS #475791 Report a problem | ||
| 2/12/2025 | Listed for sale | $14,499,000-3.3%$991/sqft |
Source: Northern Michigan MLS #475791 Report a problem | ||
| 9/10/2024 | Listing removed | $14,999,000$1,025/sqft |
Source: Northern Michigan MLS #469760 Report a problem | ||
| 4/9/2024 | Price change | $14,999,000-16.7%$1,025/sqft |
Source: Northern Michigan MLS #469760 Report a problem | ||
| 10/10/2022 | Listed for sale | $18,000,000+885%$1,230/sqft |
Source: Northern Michigan MLS #469760 Report a problem | ||
| 4/28/2014 | Sold | $1,827,500$125/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2021 | -- | $3,573,200 +7.5% |
| 2020 | -- | $3,324,400 +5% |
| 2019 | -- | $3,166,700 +20.3% |
| 2018 | -- | $2,631,600 +88.1% |
| 2017 | -- | $1,399,400 +31.9% |
| 2016 | -- | $1,061,200 +50.9% |
| 2015 | -- | $703,300 +25.4% |
| 2014 | -- | $560,900 +29.4% |
| 2013 | -- | $433,600 +1% |
| 2012 | -- | $429,400 +6.2% |
| 2011 | -- | $404,500 |
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
GreatSchools rating
- 7/10Sheridan SchoolGrades: K-5Distance: 5 mi
- 9/10Petoskey Middle SchoolGrades: 6-8Distance: 5.5 mi
- 7/10Petoskey High SchoolGrades: 9-12Distance: 5.6 mi
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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A local agent can set up tours, give advice and negotiate with sellers.
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