Petoskey Real Estate | Petoskey Properties between $500,000 and $600,000 for Sale

4 Beds ⋅ 3 Baths ⋅ 480901 MLS ⋅ ACTIVE Status

Built in 2021, this exceptional 4-bedroom, 3-bathroom home offers 3,123 finished sq ft of modern living space (nearly 1,800 above grade) on a private 1-acre lot bordering serene woods. Nestled in a quiet, low-density development surrounded by farmland, this property provides peaceful country living within the desirable Petoskey School District. Built to premium standards, the home features a highly energy-efficient Insulated Concrete Form (ICF) foundation, providing superior insulation, structural strength, and lower utility costs. An inviting covered front porch welcomes you into a bright, open-concept living and dining area. The heart of the home is the island kitchen, fully equipped with stainless steel appliances and a gas range. Off the attached 2-car garage, a practical mudroom keeps everyday gear organized. The main-floor primary suite serves as a private retreat, featuring a generous walk-in closet and a spa-like en suite bath with a double-basin vanity, an oversized shower and rainfall showerhead. The expansive finished basement is a standout feature, the egress windows provide natural light and flexibility to use the space as you see fit. It includes a custom built-in playhouse for children and an exceptionally large dedicated storage room, leaving plenty of flexible space for a family room, gym, or home theater. The lower level bedroom and bathroom means flexibility for families of all ages. Outside, the one-acre property offers ultimate backyard privacy with a concrete patio overlooking the tree line. Mechanically updated and just five years young, the home is equipped with Truestream high-speed fiber optic internet and a 30-amp Generac plug for a whole-house backup generator. The low-maintenance HOA covers neighborhood road maintenance, ensuring stress-free winters. Don't miss this rare opportunity to own a move-in ready, modern home in a highly coveted northern Michigan setting, conveniently located just 15 minutes to both Charlevoix and Petoskey.

2355 Countryside Lane, Petoskey

$549,000

3 Beds ⋅ 2 Baths ⋅ 480899 MLS ⋅ ACTIVE Status

A unique opportunity in Petoskey offering an exceptional combination of residential living, income potential, and commercial flexibility. Situated just outside the city limits and only minutes from downtown Petoskey, 1414 Kilborn Drive offers a three-bedroom, one-and-a-half-bath home along with attached professional office/commercial space, all under one roof. Short-term rentals are allowed, adding yet another option for an owner, investor, or someone looking for a flexible live/work property. The property offers numerous possibilities—live in the residential portion while operating your business next door, lease the commercial space for additional income, utilize the property as a short-term rental, or explore converting additional space back to residential use or creating a duplex-style configuration. Originally constructed as a home, the building provides tremendous flexibility for a variety of future uses, subject to applicable zoning and approvals. Set on a prominent corner at Kilborn Drive and US-131, the property offers excellent visibility and convenient access while backing up to an established residential neighborhood. Enjoy a nice backyard and easy access to shopping, restaurants, medical services, and everyday conveniences, with downtown Petoskey and the waterfront just a short drive away. A versatile property with an uncommon combination of location, residential comfort, commercial potential, and opportunity. Please note: some minor construction would be needed to fully separate and configure the third bedroom and living room from the adjoining commercial space.

1414 Kilborn Drive, Petoskey

$600,000

4 Beds ⋅ 3 Baths ⋅ 480846 MLS ⋅ ACTIVE Status

Enjoy peace and privacy of almost 6 wooded acres in this 4-bedroom home nestled in a quiet neighborhood with easy access to nature trails. A covered wraparound porch, maple hardwood floors, and inviting spaces create a warm Northern Michigan feel. Plenty of room for vehicles and recreational toys with an attached 2.5-car garage plus an oversized detached garage. Relax on the spacious rear paver patio surrounded by flower & herb gardens or unwind in the sauna after a day outdoors. A newer wood boiler heating system adds comfort, while the unfinished basement offers additional potential with taller ceilings and a workout room. A wonderful opportunity to enjoy space, privacy, and four-season recreation!

1850 Abbey Road, Petoskey

$525,000

3 Beds ⋅ 2 Baths ⋅ 480699 MLS ⋅ ACTIVE Status

Enjoy easy Northern Michigan living in this brand-new 3-bedroom, 2-bath home in Franklin Estates, just minutes from downtown Petoskey. Thoughtfully designed with an open-concept layout, the kitchen, dining, and living areas flow together to create a bright and welcoming space perfect for everyday living and entertaining. The private primary suite offers its own full bath, while two additional bedrooms provide plenty of space for family, guests, or a home office. A dedicated laundry room adds everyday convenience. With the ease and peace of mind that comes with new construction and a location close to Petoskey's shopping, dining, schools, and waterfront, this home is ready for its first owner to make it their own.

559 Franklin Estate Drive, Petoskey

$549,000

4 Beds ⋅ 3 Baths ⋅ 480646 MLS ⋅ ACTIVE Status

Discover this beautifully designed 4-bedroom, 3-bath home tucked away in a quiet, wooded setting. Enjoy privacy and convenience with a short drive to Petoskey and easy access to snowmobile and ORV trails. Outdoor enthusiasts will love the proximity to Pickerel and Crooked Lake. The home features handcrafted ash cabinets in the kitchen and main floor bathrooms, plus elegant red oak flooring throughout. Excellent flow includes a spacious main level and full walkout basement with a bedroom. The unfinished basement area offers endless potential for additional living space. Entertain on the large deck, perfect for soaking in natural surroundings. An attached oversized garage provides ample storage and workspace. Whether you're seeking a year-round residence or recreational getaway, this home delivers comfort, style, and access to Northern Michigan's best outdoor adventures.

8308 Ridgeway Road, Petoskey

$595,000

2 Beds ⋅ 3 Baths ⋅ 480529 MLS ⋅ ACTIVE Status

Exterior maintenance-free living overlooking the 10th fairway! This spacious Crooked Tree condo offers flexibility, potential, and the opportunity to make it your own. The original owner is downsizing, and the home is priced with future updating in mind. A desirable walk-out lower level—something not found in many condos in this community— offers plenty of room for an additional bedroom, home office, hobby space, large family/entertainment room, or even a private multigenerational suite. An oversized utility room provides abundant storage. Upstairs, the open loft adds even more flexibility and could potentially be converted into another bedroom. Most furnishings have been removed, and select photos have been virtually staged using AI to help buyers visualize the possibilities. Bring your ideas and make Crooked Tree your next home!

824 Crooked Tree Unit #14, Petoskey

$579,000

3 Beds ⋅ 3 Baths ⋅ 480329 MLS ⋅ ACTIVE Status

Foxwood Lane is one of Petoskey's great neighborhoods, located just outside the city limits, you'll enjoy lower township taxes while remaining only minutes from downtown Petoskey. Situated directly across from Petoskey High School and adjacent to the scenic Bay View Woods, this location provides easy access to schools, trails, and all the amenities of the area. This home features three bedrooms, 2.5 baths, a dedicated office or den, an attached two-car garage, and a deck ideal for relaxing or enjoying outdoor dining. As one of the more affordably priced homes in the neighborhood, this property presents a wonderful opportunity for buyers to personalize and add value over time. Whether you're looking for a comfortable family home or a smart long-term investment in an established neighborhood, this property offers outstanding potential.

311 Foxwood Lane, Petoskey

$598,000

4 Beds ⋅ 3 Baths ⋅ 480317 MLS ⋅ ACTIVE Status

Silver Creek puts you minutes from Downtown Petoskey with mature trees, walking trails, and a neighborhood setting that's genuinely hard to find this close to town. This 4-bedroom, 3-bath ranch offers main-floor living on a large, private lot with thoughtful landscaping and a welcoming outdoor gathering space. The exterior siding has been recently warm washed. The living room sets the tone—cathedral ceilings with wood accents, custom crown molding, shiplap detailing, and a large gas fireplace, all grounded by sparkling birch wood floors. The formal dining room and kitchen share an easy flow, with custom cabinets with wood accents, concrete countertops, a tiled backsplash, new stainless-steel appliances, bar counter seating, a spacious pantry, and built-ins—looking out to a beautifully landscaped backyard. The primary suite occupies its own wing with vaulted ceilings, a spacious bath, walk-in shower, and sauna. Two additional bedrooms and a full bath complete the opposite wing. A mudroom entry off the garage offers the option to relocate laundry to the main floor. Heated garage. Downstairs, the family room is large enough to accommodate a full recreation area alongside two built-in workstations—ideal for a home office or hobby space. A bedroom with egress window and a full bath complete the lower level, along with laundry and a mechanical room with ample storage. Outside, a newly landscaped yard with rock and flower accents opens to a private backyard retreat—a deck with hot tub built in, a stone patio, and a cozy firepit area made for entertaining. A 12x14 storage building and paved drive complete the package. Natural gas and True Stream internet are in place. This one checks a lot of boxes—schedule your private showing today.

8660 Tall Timber Lane, Petoskey

$599,000

3 Beds ⋅ 2 Baths ⋅ 480284 MLS ⋅ ACTIVE Status

Nestled in the family-friendly Skyline Drive neighborhood, just minutes from downtown Petoskey, this nicely maintained 3-bedroom, 2-bath home offers the ease of main-floor living on nearly two acres. Designed with indoor-outdoor living in mind, the property is perfect for both relaxing and entertaining. Enjoy your morning coffee on the welcoming covered front porch, complete with ceiling fans for summer comfort. Out back, a spacious covered patio serves as an extension of the home, featuring an outdoor bar, hot tub, ample seating, and clear weather panels that provide protection from the elements while allowing you to enjoy the space into the colder months. An inviting fire pit area and fenced garden add even more opportunities to enjoy the outdoors. Inside, the thoughtfully designed floor plan offers privacy and functionality. The generous primary suite, complete with a large en-suite bathroom, occupies one end of the home, while two additional bedrooms and a full bath are situated on the opposite side. Tall ceilings create an open, airy feel throughout the living spaces, complemented by a well-appointed kitchen, spacious laundry room, and a versatile office/pantry that adds valuable flexibility. This home is ready to be enjoyed both inside and out!

290 Skyline Drive, Petoskey

$549,000

2 Beds ⋅ 1 Baths ⋅ 480264 MLS ⋅ ACTIVE Status

Position your business at one of Petoskey's most visible commercial addresses. With 10,500+ vehicles passing daily, 1414 Kilborn Drive occupies a prominent corner at the intersection of Kilborn Drive and US-131. Offering exceptional exposure, EC R-2 zoning, and a professional office with an attached two-bedroom apartment, this outstanding location presents an excellent opportunity for owner-users and investors alike. Surrounded by national retailers, medical offices, restaurants, and established local businesses, the property offers outstanding visibility, convenient access, and steady customer traffic. The existing improvements are well-suited for a variety of professional and medical uses. The commercial wing features a reception area, two patient waiting areas, three exam/treatment rooms, plumbing in two patient rooms, a dedicated lead-lined X-ray area, sterile utility room, private offices, abundant storage, ADA-compliant patient restroom, and a private employee restroom. A second private office suite with its own exterior entrance offers flexibility for another practitioner, complementary business, or rental income. The attached two-bedroom apartment includes an open kitchen and dining area, spacious rooms, and attached garage access—ideal for an owner-occupant, employee housing, rental income, or future office expansion. Outside, the level parcel offers ample paved parking, city water and sewer, and room for redevelopment. The prominent corner location provides excellent visibility while allowing convenient ingress and egress for clients, patients, employees, and deliveries. Just minutes from downtown Petoskey and Bay Harbor, this property offers a rare combination of location, existing medical infrastructure, mixed-use functionality, and long-term investment potential.

1414 Kilborn Dr, Petoskey

$529,900

3 Beds ⋅ 3 Baths ⋅ 480189 MLS ⋅ ACTIVE Status

A spacious Petoskey home, 2.75 wooded acres, and a substantial detached workshop come together at 7555 E Mitchell Road. Set back among mature trees, the home offers three bedrooms, two full baths, one half bath, and approximately 3,600 square feet, including a walkout lower level. Natural wood accents and a gas fireplace bring warmth to the living spaces, while the kitchen offers extensive wood cabinetry, stainless appliances, a gas range, and adjoining dining space. All three bedrooms are on the main level, with room for an office or hobby space to suit your needs. Enjoy the wooded surroundings from the deck, with a paved driveway and attached garage adding everyday convenience. The separate multi-bay workshop near the road gives vehicles, tools, equipment, and projects a space of their own, apart from the residence. With generous living space and a dedicated place to pursue your hobbies, this property offers a distinctive combination in the Petoskey area.

7555 E Mitchell Road, Petoskey

$525,000

2 Beds ⋅ 2 Baths ⋅ 480083 MLS ⋅ ACTIVE Status

LOG CABIN W 20 ACRES. ZONED FF. PETOSKEY w/ STUNNING VIEWS Perched on a hill with sweeping countryside views, this rare 20-acre farm is tucked into the picturesque Resort Township of Petoskey — just minutes from the charming Gaslight District and close to Walloon Lake. It's a rare blend of country serenity and in-town convenience. Start a vineyard, bring your horses, enjoy farm life and the hilltop light of the dawn and dusk. The property spans 20 rolling acres, including 7 acres of lush pasture shaded by a grand knotty boxelder tree, with 9 acres fully fenced overall. A 28-foot covered deck on the east side overlooks a large meadow framed by maples and pines, while a 28-foot uncovered deck on the south side takes in rolling hayfields and the garden — a perfect spot for stargazing on clear Northern Michigan nights. Built in 2017, the Amish-built home features 17-foot cathedral ceilings with red pine and pine spruce rafters. The open-concept main floor is finished with Bruce hardwood flooring. There are no appliances in the kitchen. The main bathroom offers a large soaker tub and newly installed smart-tile flooring. Needs your TLC, bring it... if you have it! The lower level expands the living space with a possible second kitchen, a bedroom, a full bathroom with a walk-in shower, and a mechanical room with ample storage — ideal for multigenerational living or guest quarters. Outbuildings round out the property's versatility: a 30x40 pole barn, a 10x16 fully insulated and wired, yellow chicken coop. Rustic charm meets modern comfort in this beautifully maintained farm — a rare offering for livestock, agriculture, or simply the acreage lifestyle in one of Northern Michigan's most sought-after locations.

2854 School Road, Petoskey

$559,000

3 Beds ⋅ 2 Baths ⋅ 480019 MLS ⋅ ACTIVE Status

Enjoy the perfect blend of privacy, convenience, and Northern Michigan charm in this beautifully maintained 3 bedroom, 2 bath home nestled on a secluded, wooded setting. Surrounded by mature trees and scenic walking trails, you'll feel worlds away while remaining just minutes from Petoskey, Boyne City, Charlevoix, Bay Harbor, and located within the Petoskey School District. Outdoor enthusiasts will love being just one block from Bear Cove Marina and the public boat launch, along with nearby access to Walloon Lake Conservancy property offering opportunities for swimming, kayaking, fishing, and exploring the natural beauty of Walloon Lake. Designed for easy living, the home features maintenance-free siding, a spacious Trex deck perfect for entertaining or relaxing, beautifully landscaped grounds with an underground sprinkler system, and a private fire pit for evenings under the stars. The paved driveway leads to a 2.5-car garage, while an additional storage shed provides plenty of room for all your outdoor gear and toys. Thoughtful updates include a whole-house and garage generator for added peace of mind year-round. With an incredibly private setting where neighbors are out of sight, this property offers the tranquility you've been searching for without sacrificing access to Northern Michigan's premier destinations. Whether you're looking for a year-round residence or a peaceful Up North retreat, this exceptional property offers the ideal combination of comfort, recreation, and location.

8715 Curtis Lane, Petoskey

$530,000

5 Beds ⋅ 2 Baths ⋅ 479985 MLS ⋅ ACTIVE Status

Welcome to your next home. Nestled on 15 acres, this beautifully updated 5-bedroom, 1.5-bathroom, 3,000-sq-ft farmhouse seamlessly combines country charm with modern conveniences. With its farmhouse-rooted features and fixtures, this property offers a perfect blend of past and present, making it a truly unique and inviting home. The heart of the home features a generously sized living area, perfect for gatherings or quiet evenings by the fireplace. The open floor plan allows natural light to flood the space, highlighting the hardwood floors and stunning finishes throughout. With 5 spacious bedrooms, this home provides ample space for all. An additional bonus room on the 2nd floor could serve as a nonconforming bedroom, home gym, library, or second living room. Also, attached is a tractor storage or a place to store your ORVs....the possibilities are endless with a space as unique as this. The back 10 acres are privately secluded and the perfect environment for hunting, hiking, and everything that nature has to offer. This farmhouse is more than just a home; it's a lifestyle. Whether you're seeking a peaceful retreat or a place to create lasting memories, this property is sure to exceed your expectations. AI staging was used for a couple of the bedrooms.

2523 Howard Road, Petoskey

$559,900

479980 MLS ⋅ ACTIVE Status

Rolling to hilly hardwoods with some red pine plantation. Long country side views with farm views to the west. Existing driveway, septic and drain field. Power and natural gas onsite. Can be purchased with an additional adjoining 33 acres.

5512 Mitchell Road, Petoskey

$570,000

479927 MLS ⋅ ACTIVE Status

Exceptional double storage unit just south of Petoskey, offering 3,968 square feet with two oversized 14’ x 14’ overhead doors for unmatched flexibility. Located in the gated Signature Storage community, this premium unit is ideal for RVs, boats, collector cars, or business storage, with private gated owner access and a beautifully maintained setting. Features include epoxy-coated concrete floors, mini-split cooling, natural gas radiant heat, premium insulation, bright white steel interiors, acoustic ceilings, utility sink with water, window tinting, door water guards, LED lighting, high-speed internet hookup, and multiple RV electrical outlets. These Morton steel buildings are conveniently located just one mile from U.S. 131, with quick access to Walloon Lake, Bay Harbor, downtown Petoskey, restaurants, and shopping. Secure, private, and built to a higher standard. Welcome Home!

600 Eugene Drive Unit 25 & 26, Petoskey

$519,900

4 Beds ⋅ 3 Baths ⋅ 479846 MLS ⋅ ACTIVE Status

Welcome to your Northern Michigan retreat, nestled adjacent rolling countryside and just minutes from Petoskey. This spacious 4-bedroom, 2.5-bath home offers the perfect balance of comfort, functionality, and scenic beauty. Step inside to discover a bright, open-concept floor plan designed for both everyday living and effortless entertaining. The expansive living area flows seamlessly into the kitchen and dining spaces, where large windows frame breathtaking countryside views and fill the home with natural light. The generously sized bedrooms provide ample space for family and guests, while the private primary suite features a well-appointed bath and walk-in closet. The spacious lower level offers endless possibilities, whether you're envisioning a family room, recreation area, home gym, or additional living space. Outside, enjoy peaceful mornings with coffee on the deck and unwind in the evening as the sun sets over the surrounding fields. The tranquil setting creates a true sense of escape while remaining conveniently close to all that Petoskey has to offer. Located just minutes from downtown Petoskey, McLaren Hospital, Lake Michigan, the Little Traverse Wheel-way, and some of Northern Michigan's finest dining, shopping, golf, and outdoor recreation, this property combines country living with exceptional small-town convenience. Experience the beauty, space, and lifestyle you've been searching for—your Northern Michigan dream home awaits.

1178 Woodland Dr., Petoskey

$564,900

2 Beds ⋅ 3 Baths ⋅ 479598 MLS ⋅ ACTIVE Status

Prime Live-Work or Income Opportunity with Sweeping Bay Views Discover a rare real estate gem in an exceptional, high-visibility location—situated just steps from McLaren Hospital and right next door to the beloved Johan's Bakery. Zoned B3, this versatile property perfectly blends premium residential living with a stable, turnkey commercial investment. The Residential Highlights: Luxury & Versatility The residential component of this property features two stunning, extensively upgraded 1-bedroom, 1-bathroom apartments that offer incredible flexibility for an owner-occupant or savvy investor: The Upper Unit: Features breathtaking, sweeping views of the bay directly from the living room, kitchen, and private deck. Perfect as a luxury primary residence or a high-end rental. The Main Level Unit: Currently owner-occupied and impeccably maintained, this space has a proven, successful history as both a short-term and long-term rental. Bonus Amenity: Includes a coveted one-stall detached garage. The Commercial Component: Built-In Stability Turnkey Office Space: Features a professional layout with one restroom; with a reliable, long-term lease already in place, providing immediate, steady cash flow to anchor your investment. Excellent Track Record: The entire property boasts a fantastic rental history and sits in a highly sought-after corridor. Please allow up to 24 hours for showing requests. Showings for the office shal be limited to office hours, Monday through Fridays from 9-4.

602 Jackson Street, Petoskey

$500,000

3 Beds ⋅ 3 Baths ⋅ 479478 MLS ⋅ ACTIVE Status

Exceptional development opportunity featuring versatile office space paired with comfortable residential living with EC-R2 & COP-R2 zoning for additional opportunity. Perfect for entrepreneurs, investors, or owner-occupants looking to operate a business while enjoying convenience of on-site living. This location offers excellent visibility, flexible layout options, and unlimited opportunities.

1934 E Mitchell Road, Petoskey

$568,000

479391 MLS ⋅ ACTIVE Status

Three parcels are combined to make 55 acres of opportunity. Located just outside of Petoskey on the north east side. All three properties are zoned Residential as well as Farm and Forest. With over 1500 feet of frontage on Pickeral lake Rd this property is a great opportunity for development or single use.

4281 Pickeral Lake Road, Petoskey

$564,900

2 Beds ⋅ 2 Baths ⋅ 479351 MLS ⋅ ACTIVE Status

Commercial property for sale in an exceptional location, close to McLaren Hospital and next to Johan's Bakery. There are 3 units which include: a professional office space with a long term lease in place, and two stunning, 1 bedroom/1 bath apartments. One is owner occupied, while the other has been used for short and long term rentals.. Both units have been extensively upgraded and updated. The upper unit has sweeping views of the bay from the living room, kitchen and deck. There is a one stall detached garage.The property is Zoned B3 and has a great rental history. Please allow up to 24 hours for showing requests. Showings for the office shall be limited to office hours, Monday through Fridays from 9-4.

602 Jackson Street, Petoskey

$509,000

3 Beds ⋅ 3 Baths ⋅ 478834 MLS ⋅ ACTIVE Status

Still scrolling for a home? Well, you may be able to rest your mouse after you fall in love with this cutie! Located on a quiet Cul-De-Sac in the heart of PETOSKEY, this well-maintained 3 bedroom, 2.5 bath ranch offers MAIN-FLOOR comfortable living with a functional layout and desirable features throughout. Beautiful hardwood wood floors throughout add warmth and character to the bedrooms and main living areas, while large windows provide natural light and a welcoming atmosphere. The kitchen space is open to the family room area with plenty of storage and counter space, making everyday living and entertaining convenient. The patio space offers a peaceful outdoor setting—perfect for morning coffee, relaxing evenings, or hosting friends and family. The attached 2.5 car garage is always a welcome amenity to protect those motored assets! The lower level offers excellent additional living space, recreation area, home gym, or storage. Located just minutes from downtown shopping, dining, schools, and the beautiful waterfront along Little Traverse Bay, this home combines quiet neighborhood living with close-to-town convenience. A new roof in 2021, water heater in 2026 and fresh professional coatings of "Sherwin Williams" in February of this year are a few recent upgrades. A short walk to the "Corner Grocer”, nature preserve areas and several petoskey schools! A great opportunity to enjoy the Northern Michigan lifestyle in a highly desirable Petoskey location!

1180 Winnell Court, Petoskey

Petoskey Properties between $500,000 and $600,000 for Sale

Newest Petoskey Properties between $500,000 and $600,000 for Sale

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