Petoskey Real Estate Search

Petoskey Properties between $1,500,000 and $2,000,000 for Sale

Our website features the best real estate search for between $1,500,000 and $2,000,000 properties available in Petoskey and surrounding areas. It is the only site you will ever need! It is easy-to-use and updated by the official REALTOR®’s database every 15 minutes. 

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Newest Petoskey Properties between $1,500,000 and $2,000,000 for Sale

$1,575,000
5 Beds 4 Baths 480584 MLS ACTIVE Status
Modern Rustic home on quiet Round Lake—the closest inland all-sports lake to both downtown Petoskey & Harbor Springs—five-bedroom, 3.5-bath home is a masterpiece of custom design, with cathedral ceilings, large windows & a floor plan built to entertain, opening to an elevated deck w/ hot tub & west-facing sunset views. Every detail reflects the craftsmanship throughout. Cathedral ceilings & west-facing windows open the living & dining room to the lake. Living room features a floor-to-ceiling fireplace with built-in custom cabinetry. Den/Office accessed through a full-wall Ray sliding glass door—offers privacy when needed & continues the lake views. Kitchen features Wolf/SubZero/Perlick appliances, custom cabinetry, quartz countertops, & a handmade vent hood. The primary suite is a retreat within a retreat—tray ceiling, lake views, & a slider to the deck, hot tub, and outdoor shower. Primary bath features a Japanese soaking tub, double vanity with granite, custom backsplash and mirrors, & walk-in closet. A half bath, laundry room, & attached two-car heated garage complete the level. Upstairs, a large loft opens to panoramic lake views—flexible for a workout area, sitting room, or office. Three bedrooms include a bunk room ensuite—full bath, tiled shower, quartz countertops, built-in beds, 75" TV, and walk-in closet. A second full bath serves the additional upper bedrooms and a flex space that can be used as a fifth bedroom or sitting area.    Outside, professional landscaping includes a hardscape terrace, cozy fire pit sitting area, a stone walkway, and granite steps leading to the dock. From the large deck, just steps down to the walkway, fire pit, & easy access to Round Lake—ideal for water skiing, paddleboarding, and kayaking. Little Traverse Wheelway bike trail at the end of the street—easy reach of Petoskey State Park, golf courses, snowmobile trails, & the shops and dining of Petoskey & Harbor Springs.

3980 Hendricks Street, Petoskey

$1,750,000
480313 MLS ACTIVE Status
Position your business for success with this exceptional commercial opportunity at 500 Howard Street in Petoskey. Offering a current building size of approximately 10,400 square feet of versatile commercial space within the desirable B-2B Mixed Use Corridor, this property presents outstanding potential for investors, entrepreneurs, developers, or expanding businesses. The B-2B zoning allows for a wide variety of commercial and mixed-use possibilities, making it an ideal location to bring your vision to life. With its prominent location, generous footprint, and flexible layout, 500 Howard Street is perfectly suited for retail, office, professional services, hospitality, or a dynamic mixed-use redevelopment. Importantly, with current zoning and setbacks, a new structure could allow for approximately 25,000 square feet per floor, with the potential for three floors totaling up to approximately 75,000 square feet of buildable space. This creates a rare long-term development opportunity in a high-demand corridor. Surrounded by the energy and charm of Petoskey, this property combines exceptional visibility, convenient accessibility, and significant expansion potential in one of Northern Michigan’s most sought-after commercial markets. Whether you’re looking to establish a flagship business location or capitalize on the area’s continued growth through redevelopment, this property is ready to deliver on its remarkable potential.

500 Howard, Petoskey

$1,800,000
1 Baths 480196 MLS ACTIVE Status
Discover Your Ultimate Luxury Storage Oasis in Petoskey Welcome to an exclusive opportunity: the flagship of a select collection of only 26 steel frame luxury garage properties, boasting a sprawling 6,300 square feet. Located in a secure, gated complex just off US 31 North, this is more than storage—it's a sanctuary for motorsport enthusiasts and collectors alike. Imagine housing all your vehicles and toys behind 3 convenient roll-up doors, including two 12-foot high bays and a massive 16-foot central door perfect for RVs and boats. Natural light floods the space, a rare feature in standard storage facilities, enhancing every visit. Inside, experience the epitome of luxury. The building features a sleek epoxy floor throughout and is intelligently divided: a display-focused area on one end and expansive open storage on the other. The heart of the building beckons with a custom walnut bar, den/office space with a private full bath, and two additional bathrooms plus a loft area. Comfort is key year-round with full climate control ensuring your vehicles and recreational gear are protected in all seasons. This project is designed not just for storage, but for community, offering a fully equipped clubhouse where you can gather with fellow enthusiasts after a day of adventure. Units starting at 1,800 square feet are available, featuring customizable full second level entertainment mezzanines, heated floors, and air conditioning. Take advantage of pre-construction pricing and secure your slice of luxury storage paradise today. Don't miss your chance to explore this exceptional property. Start your engines and contact us now to schedule your private tour and discover why this is the ultimate haven for your passions in Petoskey.

2376 N Us 31 Unit 17, Petoskey

$1,750,000
4 Beds 3 Baths 479905 MLS ACTIVE Status
A sandy beach and room to expand on the Inland Waterway? Yes, please! Life on Pickerel Lake is about making the most of every season, and this exceptional property delivers. Set on three separate parcels totaling over two acres with 107 feet of beautiful sandy frontage and deep water on the Inland Waterway, it offers the Up North lifestyle families dream about. The additional rear parcels create a rare opportunity for future expansion, with the potential to build additional homes, a guest house, or another garage or outbuilding. Summer days begin with coffee overlooking the lake and end with sunset cruises, while afternoons are spent boating the Inland Waterway, swimming from the sandy shoreline, kayaking quiet coves, or entertaining on the deck, covered patios, walkways, and inviting outdoor gathering spaces. The sunroom creates a seamless connection between indoor comfort and the beauty of the lake beyond. A large pole building and separate lakeside utility building with changing space, storage, and an outdoor shower provide outstanding flexibility for hobbies, guests, and effortless lake living. Located just minutes from Petoskey, you'll enjoy easy access to waterfront dining, boutique shopping, golf, skiing, and everything Northern Michigan has to offer. Whether you're watching the fall colors reflect on the water, gathering with family for summer weekends, or relaxing by the fire after a day on the lake, this is a property designed for creating memories that will last for generations.

9669 Trails End Road, Petoskey

$1,875,000
5 Beds 4 Baths 479667 MLS ACTIVE Status
Commanding panoramic views of Little Traverse Bay, State Beach, and Round Lake, this extraordinary 6,474 Sq. Ft. residence offers a rare opportunity to experience the beauty of Petoskey from a private, elevated setting. Situated on a secluded lot, the home captures breathtaking water vistas from nearly every room, creating a sense of tranquility and connection to Northern Michigan's natural splendor. Designed for both grand entertaining and comfortable everyday living, the home features 5 spacious bedrooms, 3.5 baths, and an open, light-filled floor plan showcasing the surrounding views. The great room is anchored by soaring ceilings and a double-sided stone fireplace, creating an impressive yet welcoming gathering space. Walls of windows frame ever-changing scenes of blue water, sunsets, and seasonal beauty. The heart of the home flows to an expansive deck overlooking the bay, while a warm, inviting study offers the perfect retreat for reading, working from home, or quiet reflection. A loft overlooking the main living area offers additional flexible living space with inspiring views. The lower level includes a versatile room with expansive windows and beautiful water views, ideal as a guest suite, mother-in-law quarters, art studio, home gym, or creative workspace. Constructed with quality 2x6 framing and enduring craftsmanship, this home offers exceptional comfort, flexibility, and lasting value. Every space has been thoughtfully positioned to maximize privacy, natural light, and spectacular vistas. Ideally situated between Petoskey and Harbor Springs, this residence offers convenient access to shopping, dining, marinas, golf courses, ski resorts, and Northern Michigan recreation. Combining estate-like privacy with proximity to premier amenities, this home offers the best of both worlds. A rare offering of this scale, character, and setting, delivering a lifestyle defined by beauty, comfort, and unforgettable views.

1425 Bay View Heights Drive, Petoskey

$1,795,000
3 Beds 3 Baths 479363 MLS ACTIVE Status
Book your showing to explore the extraordinary 422 E. Mitchell, a one-of-a-kind condo that redefines luxury living in Petoskey, Michigan! This stunning three-bedroom, 2.5-bath residence boasts an exclusive elevator for effortless access, ensuring that your journey to the magnificent rooftop oasis is as seamless as it is exhilarating. Step inside and be captivated by the expansive open-concept living space, where modern elegance meets cozy comfort. Sunlight dances through large windows, illuminating the stylish interiors and highlighting the premium finishes throughout. The water view is prevalent from the overly large living room windows. The gourmet kitchen is a chef's dream, featuring high-end appliances, sleek cabinetry, and a spacious dining area perfect for hosting memorable gatherings. The wine bar makes for easy entertaining too. Retreat to the master suite, a true sanctuary complete with a private en-suite bath that exudes spa-like luxury. Two additional bedrooms provide ample space for family and friends, ensuring everyone feels at home in this exquisite condo. But the pièce de résistance is the incredible rooftop patio. This expansive outdoor haven offers breathtaking, panoramic views of Lake Michigan, making it the perfect backdrop for sunrise coffees or sunset soirées. Imagine entertaining friends under the stars, surrounded by the beauty of nature and the tranquil sounds of the lake. The fourth of July in downtown Petoskey never looked so amazing. Situated in the vibrant heart of Petoskey, you'll enjoy easy access to an array of shops, restaurants, and recreational activities, all while returning to your private retreat that feels like a vacation year-round. This is more than just a home; it’s a lifestyle defined by luxury, comfort, and unparalleled views. Don’t miss your chance to own this exceptional slice of paradise!

422 E Mitchell Unit #1, Petoskey

$1,849,000
6 Beds 4 Baths 479118 MLS ACTIVE Status
604 Bay St. in Petoskey, Michigan, is a stunning six-bedroom, 3.5 bath home that stands as a true crown jewel of the city. This elegant residence showcases a blend of classic charm and modern amenities, making it perfect for both family living and entertaining. With spacious rooms filled with natural light, it features beautiful architectural details, hardwood floors, and a gourmet kitchen that any chef would adore. The expansive layout includes multiple living areas, providing ample space for relaxation and gatherings. Many additional upgrades have enhanced this home even further. Including the entire attic and basement have been spray-insulated, enhancing energy efficiency. New blinds throughout add a modern touch to the spacious layout filled with natural light. Outside, the property boasts beautifully landscaped grounds, perfect for enjoying the serene surroundings. The freshly repainted exterior and yard have seen significant enhancements throughout. A brand-new garage project includes a convenient half bath, while the outdoor space is perfect for entertaining with a covered cozy patio equipped with an outdoor TV. Additionally, The property has been revitalized with all-new landscaping, a freshly paved driveway, and a stylish new fence that enhances its curb appeal. New gutters have been installed for both the house and garage, ensuring proper drainage and maintenance. This residence truly combines elegance, comfort, and functionality, making it an exceptional place to call home in Petoskey. Located in a desirable neighborhood, this home offers a quick walk to downtown Petoskey, stunning views of Little Traverse Bay, and easy access to local shops, dining, and outdoor activities.

604 Bay Street, Petoskey

$1,870,000
18 Beds 18 Baths 478039 MLS ACTIVE Status
525 W. Mitchell St. & 516 Monroe St. A Rare Investment Opportunity in the Heart of Petoskey, Michigan…home of spectacular sunrises and sunsets, iconic downtown, friendly neighbors, find it all here. Across the street from a regional hospital, walkable to downtown restaurants, waterfront, and more. Your dream investment opportunity starts here… and it provides you with a place to live as well.…look no further, it’s all right here. It’s a place to live with your family, while managing on-site rentals; employee housing, with income from a commercial business/office space. A Boutique hotel? Plus a house for additional income, or make it your own residence for when you spend time in Northern Michigan. This unique/versatile commercially zoned property across from a regional hospital in Petoskey, zoned COP-B-3 & RM-2, with approximately 10,580 sq ft. of rental opportunity, includes: House w/back yard, 2B, 2B & 1 Garage, 16 micro rental units w/bath, 2 large commercial spaces for office/retail. Basement storage, clean & dry. Security system, city water & sewer, wi-fi available. Off street parking for approx. 10 cars, and commercial laundry room. Recent upgrades: $90K roof, new windows, vanity & sinks in small units. All units occupied and leased. Showings are scheduled weekly as to not disrupt the tenants. Contact Carole to schedule a showing. PRE-QUALIFIED BUYERS ONLY 525 W. Mitchell is an intown Petoskey gem!

525 W Mitchell Street, Petoskey

$1,850,000
477427 MLS ACTIVE Status
Prime Retail and Office Building for Sale in Petoskey's Gaslight District Secure your business's future in one of Northern Michigan's most sought-after resort communities, located along the pristine shores of Lake Michigan. This exceptional commercial building is ideally situated in the historic Gaslight District of Petoskey, a vibrant hub of boutiques, galleries, and award-winning dining. Key Features Location, Location, Location: Immerse your brand in the charm and elegance of downtown Petoskey. The Gaslight District is the premier destination for both year-round residents and a massive influx of seasonal tourists, ensuring consistent foot traffic and high visibility. High-Traffic Visibility: Benefit from a daily traffic count of 3,970 vehicles, providing your business with constant exposure to potential customers. Exclusive Parking: A rare and invaluable asset in downtown Petoskey, this property includes eight dedicated private parking spaces at the rear of the building, offering convenience for both owners and staff. Thriving Community: Petoskey is a top-tier resort destination, known for its pristine beauty, world-class amenities, and affluent clientele. Join a community of successful businesses and tap into a robust local and tourist economy. Versatile Space Options This 7,958-square-foot commercial building offers a unique opportunity for diverse use. The street-level features 3,958 square feet of retail space, currently occupied by a clothing store but can be retrofitted for two separate retail stores. The second level features a total of 4,000 square feet, consisting of five office suites and two restrooms. This versatility makes the property ideal for a variety of uses, including: Boutique Retail Art Gallery Specialty Food Shop Professional Services Don't miss this chance to establish your presence in a prime location. Contact us today for your private showing.

321 E Lake Street, Petoskey

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IDX information is provided exclusively for consumers’ personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. © 2026 NM-MLSX.