Petoskey Real Estate | Petoskey Properties between $1,000,000 and $1,500,000 for Sale

Build your dream retreat on Walloon Lake! This exceptional lot sits on the peaceful North Arm, facing east with stunning sunrise views directly across from Walloon Lake Country Club. Enjoy a sandy bottom and easy shoreline access — perfect for swimming, kayaking, and water skiing. Boat dock included. The building site offers rare privacy, bordered on the west and south by Nature Conservancy woods, ensuring your surroundings stay natural and serene. A rock retaining wall along both the shoreline and road is already in place, giving you a head start on your build. Just 12 minutes by boat to the Village and 12 minutes by car to downtown Petoskey — convenience without sacrificing seclusion. Step outside to world-class road biking, hiking, and snowshoe trails. Four Seasons of pure Michigan fun starts now!

6184 Indian Garden Road, Petoskey

$1,484,000

480208 MLS ⋅ ACTIVE Status

Nestled at the end of a private cul-de-sac, this exceptional homesite offers seasonal water views and picturesque northeastern countryside vistas. The property provides a peaceful, private setting with the potential for a walkout lower level, making it an ideal location to build a home that maximizes both the views and the natural landscape.

700 Harbor View Lane, Petoskey

$1,150,000

3 Beds ⋅ 3 Baths ⋅ 480096 MLS ⋅ ACTIVE Status

Available for the first time in nearly 40 years, this home and property are the pinnacle of water view living in the popular Country Club Road Corridor just east of Petoskey and Bayview Golf Club. The views from this 5.89-acre parcel are unmatched, and you can forget the HOA and rules because there are none, as evidenced by the massive 30 x 48 pole building on the lower portion of the property. The only thing you see from the west-facing windows across the expansive deck is the setting sun against the clear blue waters of Lake Michigan and the trees on your property; there are no neighboring structures in sight other than the houses in Harbor Springs across Little Traverse Bay. Outside the home gives you the feeling of being in your own private park, complete with a stocked year-round Coy Pond with a waterfall feature, fruit trees, pines, and beautiful deciduous trees that are ablaze with colors in the fall, all on a gentle slope for kids or dogs to explore nature as they are supposed to, but within the comfort of your own property. Just off the outbuilding is an incredible screened-in porch that is the current owner's favorite space on the property, perfect for entertaining or just a quiet dinner with family. Inside, there are two floors of living with 3 bedrooms and 3 full bathrooms with an abundance of windows and glass door walls looking over the lake and the unique 1000 square feet of deck. There are so many options for this property, which could be a local family's residence close to schools, shopping, the Petoskey State Park, Harbor Springs, and the Ski Hills/golf courses. Or come for the summer or weekends in all 4 seasons of Northern Michigan, this well-maintained home is ready for its next chapter. 3175 Country Club Road is a premium piece of property ready for whatever your imagination and dreams have in mind for it. Call today for a private tour.

3175 Country Club Road, Petoskey

$1,150,000

479964 MLS ⋅ ACTIVE Status

A rare offering on Crooked Lake, this exceptional waterfront lot boasts 250 feet of shoreline and one of the last estate-sized parcels available on the lake. Situated just minutes from Petoskey on desirable Channel Road, this 1.5-acre property has been cleared and offers a beautiful park-like setting with a generous building envelope and ample room for an outbuilding. Nestled within a private, protected cove, the sandy lake bottom provides an ideal setting for swimming, boating, and enjoying beautiful views of Oden Island. As part of Michigan's famed Inland Waterway, you'll have the opportunity to explore a spectacular chain of inland lakes stretching all the way to Lake Huron. With EGLE approval and a septic easement already in place, this exceptional property is ready for you to build the waterfront home you've always envisioned.

7505 Channel Road, Petoskey

$1,095,000

479746 MLS ⋅ ACTIVE Status

Check your boxes and more at this stunning 40 acre parcel situated in beautiful Resort Township, where proximity is king. Featuring 10+/- cleared acres and 30+/- wooded acres, plus a 4 bedroom farmhouse, outbuildings and a creek at the back of the property, the possibilities here are endless. Zoned FF1, this land is ideal for various uses, from residential development to hobby farm or an incredible equine resort. Walloon Lake, Lake Michigan, grocery stores, restaurants, and shopping all within 5 minutes; large tracts in this location are becoming more and more rare. With 1320 feet of frontage on Intertown and Blackbird, access is a breeze and offers even greater development potential. Opportunity awaits to bring your vision to life, don't sleep on this one!

2978 Intertown, Petoskey

$1,095,000

4 Beds ⋅ 2 Baths ⋅ 479745 MLS ⋅ ACTIVE Status

Check your boxes and more at this stunning 40 acre parcel situated in beautiful Resort Township, where proximity is king. Featuring 10+/- cleared acres and 30+/- wooded acres, plus a 4 bedroom / 2 bath farmhouse, outbuildings and a creek at the back of the property, the possibilities here are endless. Zoned FF1, this land is ideal for various uses, from residential development to hobby farm or an incredible equine resort. Walloon Lake, Lake Michigan, grocery stores, restaurants, and shopping all within 5 minutes; large tracts in this location are becoming more and more rare. With 1320 feet of frontage on Intertown and Blackbird, access is a breeze and offers even greater development potential. Opportunity awaits to bring your vision to life, don't sleep on this one!

2978 Intertown, Petoskey

$1,250,000

5 Beds ⋅ 3 Baths ⋅ 479560 MLS ⋅ ACTIVE Status

Welcome to the "Ranch" this newly remodeled 3,452 sq ft home sits on 78.60 beautiful Northern Michigan acres in Emmet County. Some of the upgrades include new bathrooms, lighting, electrical, appliances, counter tops, doors, newly added center island, new kitchen's (that's right two kitchens) one upper level main kitchen and one in the lower level to service the guests or could be a mother-in-law suite. All new paint throughout, new flooring on the main floor. This ranch style home features 3 bedrooms two baths, including the master suite on the main floor. The lower level has two new bedrooms and full bath with a large living area. The 78.60 acres has miles of trails meandering through the property. There is an open meadow that would be ideal for horses. This particular parcel of land has many uses such as Morel Mushroom hunting, making maple syrup, hunting whitetail deer & ruffled grouse. This would be an ideal setting for a hobby farm which includes several already built outbuildings. Here is a list of the buildings. Two car detached garage (672 sq ft), Large (2,016 sq ft) pole barn with concrete floor and electrical service added, Horse Shed/Tack room (330 sq ft). The "Ranch" is conveniently located to Petoskey, Harbor Springs and Bay Harbor. Enjoy everything Northern Michigan has to offer form this very private estate. Add it all up and it truly is a great value. Please contact me to schedule a showing.

11110 Wildwood Road, Petoskey

$1,050,000

3 Beds ⋅ 3 Baths ⋅ 479538 MLS ⋅ ACTIVE Status

This thoughtfully designed condominium offers panoramic views over Little Traverse Bay toward the Upper Peninsula, providing exceptional sunsets, stargazing, and opportunities to view the northern lights—all enjoyed from the comfort of the living area with a gas fireplace. Designed for convenient first-floor living, the main level includes a well-appointed primary bedroom with ensuite bath, kitchen, dining and living areas, laundry room, and a recently finished, attached garage with generous storage. A new composite deck by Renewit extends the living space outdoors, offering an ideal setting for morning coffee while overlooking Lake Michigan. Two upper-level generous bedrooms feature equally impressive views and share a spacious, modern bathroom. The current owners have made significant investments in remodeling, resulting in an impeccably maintained residence. Upgrades include new wood flooring and carpeting. A kitchen remodel with new soap stone counter tops and updated appliances, a new skylight with shade, block-out blinds in the bedrooms and new paint throughout. This is the only stand-alone unit in the complex, with no shared walls or ceilings, ensuring privacy and quiet enjoyment. Ample storage accommodates recreational equipment and seasonal items that add to the enjoyment of Northern Michigan life. The association consists of just five units, simplifying governance and management. The association owns the property to the waterfront, allowing the owners to manage the vegetation and preserve their views of the bay. Association steps provide direct access to the Little Traverse Wheel way and a small private beach. In addition to all this, the location offers easy walking or cycling access to historic downtown Petoskey. Opportunities of this quality and location are rare.

1200 Charlevoix Avenue Unit ##1, Petoskey

$1,250,000

479476 MLS ⋅ ACTIVE Status

That combination — rolling to hilly hardwoods near Petoskey, paved road access, power at the road, plus a 24x60 manufactured home needing work — is very marketable right now in northern Michigan

5512 E Mitchell Road, Petoskey

$1,025,000

3 Beds ⋅ 2 Baths ⋅ 479285 MLS ⋅ ACTIVE Status

First time offered, and a rare opportunity to own an exceptionally well-built 1980s modern home set on over 3.5 acres of a wooded parcel in a highly desirable Petoskey location. Tucked well off the road and enveloped by pines, the property offers a remarkable sense of privacy, with the home barely visible from the street. The setting is truly exceptional—just outside the city limits for lower taxes, yet moments from Petoskey schools, Northmen Stadium, and miles of scenic trails in the Bay View woods directly across Mitchell Street. Downtown Petoskey is also within easy walking distance, offering the best of both convenience and seclusion. Custom built and designed to embrace its natural surroundings, the home features expansive windows and abundant natural light throughout. Inside, you’ll find 3 bedrooms and 2 bathrooms, complemented by soaring ceilings, two wood-burning fireplaces, and a light filled sunroom that invites year-round enjoyment. Newer boiler and water softener. HVAC system has been recently updated. An attached 2 car garage, and substantial storage areas provide flexibility, with ample opportunity to expand or reimagine additional living space. Architecturally distinctive and full of personality, this home offers a compelling blend of retro-modern charm and untapped potential. With thoughtful updates, it could be transformed into a truly stunning residence.

340 Hill Street, Petoskey

$1,500,000

5 Beds ⋅ 3 Baths ⋅ 479277 MLS ⋅ ACTIVE Status

This is an exceptional, fully reimagined residence offering refined modern living, panoramic views of Little Traverse Bay, ideally located close to Bay Harbor, and only a few miles from downtown Petoskey. This home’s striking exterior is finished in authentic shou sugi ban—an ancient Japanese technique that preserves cedar through charring, resulting in a sophisticated aesthetic with remarkable durability. Offering five bedrooms and three full baths, the home has been comprehensively updated by Birchwood Construction, with all major systems replaced, including, roofing, furnace, hot water heater, septic system, and a whole-house backup generator, delivering true turnkey peace of mind. Inside, a thoughtfully designed open concept layout showcases wide plank wood flooring and dramatic windows that capture the water from nearly every angle. The chef’s kitchen is both elegant and functional, featuring bespoke cabinetry, quartz surfaces, and professional grade appliances. The main level primary suite serves as a private retreat, complete with a custom walk-in California Closet system and a spa like bath featuring a soaking tub and beautifully appointed shower. The outdoor living experience is equally compelling. A generous wraparound deck provides a front row seat to the vibrant sunsets over Lake Michigan, one of Petoskey’s most coveted natural features. Properties of this caliber, where design, craftsmanship, and setting align so seamlessly, are a rare offering. A truly distinguished home not to be missed.

914 Country Lane, Petoskey

$1,145,000

3 Beds ⋅ 2 Baths ⋅ 478746 MLS ⋅ ACTIVE Status

This thoughtfully designed home offers 3 bedrooms, 2 full bathrooms, and an attached 2-car garage, combining comfort, functionality, and quality craftsmanship. The open-concept main level features 9-foot ceilings, creating a spacious and inviting atmosphere throughout the living areas. All bedrooms and the laundry room are conveniently located on the main floor for easy everyday living. The unfinished walk-out lower level provides additional flexibility and future living space potential, while the bonus room above the garage is ideal for a home office, recreation room, guest suite, or hobby space. Enjoy the outdoors from the covered porch area, perfect for relaxing or entertaining. This home will be built by Petoskey Custom Homes, a premier custom home builder known throughout Northern Michigan for exceptional craftsmanship, attention to detail, and quality construction.

264 Harbor View Lane, Petoskey

$1,049,900

3 Beds ⋅ 2 Baths ⋅ 478733 MLS ⋅ ACTIVE Status

Set along sandy private frontage on Pickerel Lake just outside Petoskey, this home is thoughtfully positioned to capture both the shoreline and surrounding natural setting. The main living spaces are oriented toward the water, creating an easy visual connection to the lake while maintaining a sense of openness throughout. Inside, the updated open concept kitchen anchors the main level and flows seamlessly into the living and dining areas. The layout creates a bright, cohesive environment suited for everyday living or hosting guests. Large Pella windows frame lake views and bring natural light into the heart of the home. A main floor primary suite allows for comfortable single level living, making the property well suited for year round use or extended stays. The manageable lot size offers a balanced approach to waterfront ownership with meaningful frontage and direct water access without an oversized footprint. Pickerel Lake is part of Northern Michigan’s Inland Waterway, offering boating access to Crooked Lake, Burt Lake, Mullett Lake, and Lake Huron. This connected chain provides miles of navigable waterways for cruising, fishing, and exploring multiple waterfront communities by boat. Located just minutes from downtown Petoskey, Bay Harbor, and Harbor Springs, the property pairs lake living with convenient access to dining, golf, skiing, and year round amenities. For buyers seeking an Inland Waterway home that prioritizes access, ease, and long term enjoyment of Northern Michigan, this opportunity delivers.

9555 Trail's End Road, Petoskey

$1,100,000

478565 MLS ⋅ ACTIVE Status

Located along the US 31 corridor in Emmet County with direct bay views and strong traffic exposure, this commercial property offers a proven setting for business visibility and accessibility. Its position between Petoskey and Charlevoix places it in the path of both local and seasonal traffic traveling one of Northern Michigan’s primary routes. The well constructed building has operated as a deli for many years and includes a full commercial kitchen with flexible interior space. The layout supports continued food service use or conversion to other commercial applications such as a restaurant, café, brewery concept, or professional or medical office. Situated on more than one acre, the property provides room for additional parking, development, outdoor seating, or future expansion. Building was engineered with a potential third floor or roof top deck in mind. With its location, infrastructure, and adaptability, this offering is well suited for an owner operator or investor seeking a high exposure Northern Michigan commercial site.

2569 Charlevoix Avenue, Petoskey

$1,250,000

478403 MLS ⋅ ACTIVE Status

Located near the bustling US-31 and US-131 intersection, this exceptional 1.93-acre commercial property offers unmatched visibility and access in one of Petoskey’s most heavily traveled corridors. With B-3 zoning, the site supports a wide array of commercial uses, making it ideal for both established operators and new development. All utilities are conveniently installed underground, including City water and sewer, natural gas, and high-speed internet, providing a solid infrastructure foundation for any business plan. Currently operating as a restaurant, the property can be purchased turn-key, complete with hoods, stoves, cookware, silverware, and dishware—perfect for a hospitality entrepreneur ready to step in and continue operations. Alternatively, the generous acreage and flexible zoning create excellent potential for redevelopment into retail, service, office, or other commercial ventures. This is a rare chance to secure a high-exposure property in a premier commercial district of Petoskey.

906 Spring St, Petoskey

$1,189,000

477407 MLS ⋅ ACTIVE Status

Office building in the Mitchell Park Center Complex on the corner of Mitchell and Division Roads. Parking lot can be entered from 2 sides. Currently both spaces are leased to NMCAA & Michigan Works office on multi year leases.

2240 Mitchell Park Drive, Petoskey

$1,175,000

4 Beds ⋅ 5 Baths ⋅ 476836 MLS ⋅ ACTIVE Status

Downtown Dream in Petoskey! Welcome to this stunning 4 bedroom, 4 full-bath & 1 half-bath home - perfectly located less than a quarter-mile from downtown. With two en suite bedrooms, this fully renovated property offers an incredible opportunity to enjoy the luxuries of living locally! A vibrant array of downtown shops, restaurants, and festivals are just a short walk away. Located half a block from both Central Elementary and St. Francis Grade School, and two blocks from the local library—this gorgeous reno is ideal for families! The home has been lifted and features a full ICF basement, providing exceptional durability and energy efficiency. Throughout the home, you'll find premium finishes and beautifully refinished original wood floors in most of the living spaces. Abundant natural light fills the home through large windows, creating a warm and inviting ambience. Relax on the elevated front porch, a perfect place for a morning cup of coffee, engaging with neighbors, and enjoying beautiful Northern Michigan sunsets. This home truly combines comfort, style, and an unbeatable location! Don’t miss your chance to make it yours!

606 State Street, Petoskey

$1,500,000

476058 MLS ⋅ ACTIVE Status

Magnificent 9.4 Acre Apartment Development Site Close to Schools, Downtown, the Bay, minutes to everything! -- Incredible opportunity to develop in Petoskey, Bear Creek Township — completely cleared, balanced, and equipped with access to municipal utilities Located very close to the Petoskey school campus, this property offers a prime setting for a New Home with Land multi-family residential condo or rental community with convenient access to schools, services, and surrounding amenities. Purchaser is responsible for verifying all zoning and approval details with Emmet County and Bear Creek Township. A rare opportunity in a high-demand community, experiencing a housing deficit. Don’t miss the chance to bring your development vision to life in one of Northern Michigan’s most desirable communities. Renderings are conceptual in Nature.

1515 Atkins Road, Petoskey

$1,150,000

470490 MLS ⋅ ACTIVE Status

Great development opportunity on the north end of PETOSKEY comprised of 3 PARCELS totaling 20+ ACRES; 767' of easy ingress/egress frontage with excellent exposure on the US-31 N. corridor. Adjacent to Oleson's grocery store and plaza, County Wide Powersports, and numerous service, retail/commercial and storage facilities. Very successful high end RV park developments in the area. Mixed use opportunities with B-2 commercial highway frontage. Potential to be split/divided and developed. Property is being sold 'as is'- there is a building on one of the parcels with block construction, a built-up roof, well, septic, and bathroom(s), though the overall condition is unknown.

2070 & 2002 U.S. 31 N, Petoskey

$1,295,000

6 Beds ⋅ 6 Baths ⋅ 469818 MLS ⋅ ACTIVE Status

This newly renovated tri-plex is a multi family opportunity. In the heart of the downtown, no better location is out there! Outstanding views paired with the best location, makes this desirable listing one that will sell quickly. There are three beautifully appointed units. The first floor is a two bedroom two bath, with an open floor plan. Our second unit is a three bedroom, three bath with an open floor plan and very unique front and center turret room. Such a lovely place to read a book and enjoy the view. While the third unit is a one bedroom one bath unit, it has the beautiful views we all desire in this lovely area we call home. So much opportunity for the investor or homeowner who wants to live in one unit and rent out the other two. And so much opportunity for the lucky few that get to live near the marina and walk to downtown Petoskey for dinner! Beards Brewery is a hop skip and a jump home!!

120 E Lake, Petoskey

$1,295,000

6 Beds ⋅ 6 Baths ⋅ 469779 MLS ⋅ ACTIVE Status

This newly renovated tri-plex is a multi family opportunity. In the heart of the downtown, no better location is out there! Outstanding views paired with the best location, makes this desirable listing one that will sell quickly. There are three beautifully appointed units. The first floor is a two bedroom two bath, with an open floor plan. Our second unit is a three bedroom, three bath with an open floor plan and very unique front and center turret room. Such a lovely place to read a book and enjoy the view. While the third unit is a one bedroom one bath unit, it has the beautiful views we all desire in this lovely area we call home. So much opportunity for the investor or homeowner who wants to live in one unit and rent out the other two. And so much opportunity for the lucky few that get to live near the marina and walk to downtown Petoskey for dinner! Beards Brewery is a hop skip and a jump home!!

120 E Lake, Petoskey

Petoskey Properties between $1,000,000 and $1,500,000 for Sale

Newest Petoskey Properties between $1,000,000 and $1,500,000 for Sale

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