Skip main navigation
For sale
    • Price cut: $350K (6/19)
    $13,645,000

    850 W Bear River Rd, Petoskey, MI 49770

    5beds
    14,636sqft
    : 
    Loading
    Get pre-qualified
    SingleFamily
    Built in 2018
    2.27 Acres Lot
    $12,221,900 Zestimate®
    $932/sqft
    $-- HOA

    What's special

    Guest cabinState-of-the-art amenitiesIn-home theatreHeated drivewayMarble finishesGazebo over the waterGeothermal heating
    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!
    121 days
    |
    12,816
    |
    439
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Mallory O'brien,

    Pat O'Brien & Associates - Boyne City 231-582-1700

    Source: Northern Michigan MLS,MLS#: 478781MLS Logo

    Loading...

      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

        $12,221,900

        $11.49M - $12.96M

        $5,348/mo

        Price history

        DateEventPrice
        6/19/2026Price change$13,645,000-2.5%$932/sqft
        Source: Northern Michigan MLS #478781 Report a problem
        3/1/2026Listed for sale$13,995,000$956/sqft
        Source: Northern Michigan MLS #478781 Report a problem
        1/1/2026Listing removed$13,995,000$956/sqft
        Source: Northern Michigan MLS #475791 Report a problem
        5/8/2025Price change$13,995,000-3.5%$956/sqft
        Source: Northern Michigan MLS #475791 Report a problem
        2/12/2025Listed for sale$14,499,000-3.3%$991/sqft
        Source: Northern Michigan MLS #475791 Report a problem
        9/10/2024Listing removed$14,999,000$1,025/sqft
        Source: Northern Michigan MLS #469760 Report a problem
        4/9/2024Price change$14,999,000-16.7%$1,025/sqft
        Source: Northern Michigan MLS #469760 Report a problem
        10/10/2022Listed for sale$18,000,000+885%$1,230/sqft
        Source: Northern Michigan MLS #469760 Report a problem
        4/28/2014Sold$1,827,500$125/sqft
        Source: Public Record Report a problem

        Public tax history

        YearProperty taxesTax 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.
        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.
        Get pre-qualified

        Climate risks

        Neighborhood: 49770

        Getting around

        7 / 100
        Car-Dependent
        13 / 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.

        Skip to the end of the carouselSkip to the beginning of the carousel

        A local agent can set up tours, give advice and negotiate with sellers.

        Browse local experts

              Nearby cities

              Nearby neighborhoods

              Nearby zip codes

              Other Petoskey Topics

                Search
                Updates
                Favorites
                Plan
                Inbox