Set along one of Walloon Lake’s most desirable corridors on Lake Grove Road, this charming home offers 100 feet of flat, level shoreline and an A+ location central to everything that makes this region so special. The main residence features four bedrooms and 2.5 baths, along with an office and separate study that provide flexibility and quiet retreat space. A fieldstone wood-burning fireplace anchors the living area, welcoming you home against a stunning backdrop of azure blue views across Walloon. The kitchen, complemented by an adjoining wet bar, will surely appease the chef of the household, while the open layout allows anyone preparing a meal to remain part of the gathering. The primary bedroom offers breathtaking lake views, a walk-in closet, soaking tub, and a spacious walk-in shower. Three additional bedrooms upstairs provide ample room for a large group, while the third-story bonus area offers ideal space for lively guests or additional overflow. Just steps outside, a fantastic outdoor kitchen complete with a stone pizza oven and a spacious covered lakeside porch brings celebrations outdoors with ease. Complementing the main home is a three-car detached garage with a finished guest residence above, offering two bedrooms, a full bath, kitchenette, and living area. This separate space allows visiting guests to enjoy privacy while remaining fully connected, an ideal arrangement for multi-generational use. The level lot creates easy access to the shoreline, making swimming, boating, and long summer days on the water more fun and enjoyable. The proportions are generous yet balanced, substantial enough to host and gather, yet appropriate in scale for easy maintenance and year-round enjoyment. This is a classic Walloon Lake offering in a premier location, close to Petoskey, Boyne City, Charlevoix, Harbor Springs, and Bay Harbor. This flat lake level setting, mere steps from the waters edge is sure to provide lasting value and enjoyment for years to come.
Accepting backups
$4,495,000
5382 Lake Grove Rd, Petoskey, MI 49770
6beds
3,990sqft
Est.:
SingleFamily
Built in ----
-- sqft lot
$4,205,300 Zestimate®
$1,127/sqft
$-- HOA
What's special
Third-story bonus areaOffice and separate studyThree-car detached garageSpacious covered lakeside porchWalk-in closetSoaking tubSpacious walk-in shower
- 13 days |
- 2,554 |
- 152 |
Zillow last checked: 8 hours ago
Listing updated: February 24, 2026 at 11:49am
Listed by:
Wally Kidd,
Kidd & Leavy Real Estate Co. LLC 231-439-2800
Source: Northern Michigan MLS,MLS#: 478717
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Heating
- Natural Gas, Forced Air, Electric
Cooling
- Ceiling Fan(s)
Appliances
- Included: Dishwasher, Disposal, Refrigerator, Washer, Dryer, Range
Features
- Flooring: Wood
- Basement: Crawl Space
- Has fireplace: Yes
- Fireplace features: Wood Burning
Interior area
- Total interior livable area: 3,990 sqft
Property
Parking
- Parking features: Detached Garage
- Has garage: Yes
Features
- Patio & porch: Deck
- Exterior features: Dock
- On waterfront: Yes
- Waterfront features: Waterfront
Details
- Additional structures: Guest House
- Parcel number: 131835176010
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: $1,127/sqft
- Tax assessed value: $1,340,000
- Date on market: 2/18/2026
- Road surface type: Paved
Estimated market value
$4,205,300
$4.00M - $4.42M
$4,347/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/18/2026 | Listed for sale | $4,495,000$1,127/sqft |
Source: | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2021 | -- | $670,000 -6.7% |
| 2020 | -- | $718,200 +0.4% |
| 2019 | -- | $715,400 +1.6% |
| 2018 | -- | $704,400 -0.3% |
| 2017 | -- | $706,700 +5.2% |
| 2016 | -- | $671,800 +8.7% |
| 2015 | -- | $617,900 +8.6% |
| 2014 | -- | $569,200 +11.2% |
| 2013 | -- | $512,000 +0.8% |
| 2012 | -- | $508,000 -8.5% |
| 2011 | -- | $555,300 -15.5% |
| 2010 | -- | $657,100 |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$26,589/mo
Principal & interest
$23180
Property taxes
$3409
Climate risks
Neighborhood: 49770
Nearby schools
GreatSchools rating
- 7/10Sheridan SchoolGrades: PK-5Distance: 5.2 mi
- 8/10Petoskey Middle SchoolGrades: 6-8Distance: 6.2 mi
- 8/10Petoskey High SchoolGrades: 9-12Distance: 6.1 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.






