Petoskey Real Estate Search

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

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

$600,000
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
$584,900
3 Beds ⋅ 3 Baths ⋅ 480674 MLS ⋅ ACTIVE Status
Easy living in this modern, stylish, like-new 3-bedroom, 3-bath Encore at the Meadows condo—one that truly lives like a home—w/ a finished lower level and main-floor primary suite brings a level of specification that sets it well apart. A floor-to-ceiling stone gas fireplace anchors the open living & dining area, setting a tone that carries through every room. The open layout flows seamlessly into the kitchen—GE Café appliances, quartz countertops, undercabinet lighting, and a large island make it a natural hub for entertaining, all connected to the living and dining space. A slider off the living room opens to a composite deck w/ contemporary cable railings and a remote-controlled shade—a polished outdoor extension ready for Northern Michigan evenings. The main-floor primary suite includes a walk-in closet and private bath w/ a double vanity, quartz countertops, and a glass walk-in shower. A second bedroom and full bath round out the main level, along with laundry & an attached two-car garage fully finished and wired for EV charging.   The finished lower level delivers real flexibility—a third bedroom, full bathroom, family room, wet bar/kitchenette, and a flex room perfect for an office, bunk room, or workout room create a complete space for guests, extended family, or multi-generational living, with workshop space in the mechanical room as a bonus. LifeSource whole-home water & osmosis system, smart lighting control, hot water recirculating pump, & a home security system w/ camera coverage complete the picture. Plantation shutters dress most windows.   Encore at the Meadows handles all lawn care, snow removal—driveway and sidewalk straight to your front door—and exterior maintenance, w/ professional landscaping & an in-ground sprinkler system completing the grounds, all at notably low association dues & township taxes. Biking & walking areas, shopping, dining, and Petoskey's vibrant downtown entertainment scene are all close at hand. Sold furnished.

1520 Parmenter Court Unit #15, 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
$549,900
3 Beds ⋅ 3 Baths ⋅ 480556 MLS ⋅ ACTIVE Status
Set on 3.5 acres in a desirable Petoskey location, just 6 minutes from downtown, this 3-bedroom, 3-bath Northern Michigan home offers space, privacy, and plenty of equity potential. The insulated and drywalled walkout basement is ready to be finished, offering approximately 1,800 additional square feet of potential living space. Bring your imagination—the lower level could be transformed into a guest/in-law suite, separate living area, extra bedrooms, recreation room, or whatever fits your vision. With some modern updates, this property offers a great opportunity to build equity and make it your own. Need garage, workshop, or storage space? You'll find a heated, oversized attached 2-car garage plus two pole barns. One pole barn is insulated and drywalled, making it an ideal workshop or hobby space. The second offers excellent covered storage and a blank slate to customize to your needs. Enjoy the best of both worlds—room to spread out while staying just minutes from downtown Petoskey, Little Traverse Bay, shopping, dining, and everything this popular Northern Michigan community has to offer. A great combination of acreage, usable outbuildings, future living space, equity potential, and a highly desirable Petoskey location.

3780 Lookout Ridge, Petoskey
$525,000
4 Beds ⋅ 3 Baths ⋅ 480551 MLS ⋅ ACTIVE Status
Spacious 2,500 sq. ft. ranch in a desirable association close to town, set on a nicely wooded 1.8-acre parcel. Features include 9-foot ceilings, hardwood floors, updated kitchen, and a heated 2.5-car garage. The private master suite offers a tiled bath with heated floors and an oversized walk-in closet. Full walkout lower level includes a finished 4th bedroom and is plumbed for an additional bath. Enjoy outdoor living from the newer deck with gazebo overlooking the backyard or the covered front porch with retractable sunshade. A wonderful combination of comfort, privacy, and convenience.

3714 Grand Oak Trail, Petoskey
$525,000
4 Beds ⋅ 2 Baths ⋅ 480536 MLS ⋅ ACTIVE Status
This spacious ranch offers comfortable main-floor living with an open floor plan, high ceilings, and inviting living spaces. The living room features a beautiful gas fireplace with a stone surround, creating a warm focal point for the room. Vinyl plank flooring and a dedicated dining area add to the functionality of the main level. The primary bedroom is conveniently located on the main floor and includes an ensuite bath, along with two additional bedrooms on the main level. A fourth finished bedroom is located in the full basement, which also provides plenty of storage space. A 2-car attached garage adds convenience. Outside, enjoy a large back deck and generous yard with plenty of room for gardening, outdoor activities, and entertaining. An additional lot next door is included, offering even more space and possibilities.

3914 Lorraine Drive, Petoskey
$599,000
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
$535,000
3 Beds ⋅ 2 Baths ⋅ 480328 MLS ⋅ ACTIVE Status
Downtown living at its best! Located on a charming corner lot in the heart of Petoskey, this inviting home offers character, comfort, and convenience. Just a short stroll from the Gaslight District, several public schools, and the Winter Sports Park, you'll enjoy easy access to everything downtown has to offer. Inside, the home retains the timeless charm of a classic residence while incorporating tasteful modern updates that create a fresh, welcoming feel. Hardwood floors run throughout the home, which features three bedrooms, one full bath, and one half bath. A cozy wood-burning stove provides warmth and ambiance during the colder months. Outside, a surprisingly private courtyard creates an ideal space for relaxing or entertaining. The fully fenced backyard offers multiple outdoor living areas, including a patio for gathering with friends, a deck for outdoor dining, and a grassy lawn with space for pets, gardening, or play. With its efficient, low-maintenance footprint, this home is an excellent opportunity for anyone seeking an affordable downtown lifestyle without sacrificing outdoor space or character. Whether you're looking for a primary residence, a second home, or an investment property, this is a wonderful chance to own a home in downtown Petoskey.

929 State Street, Petoskey
$539,900
3 Beds ⋅ 3 Baths ⋅ 480189 MLS ⋅ ACTIVE Status
Rare Petoskey setup with the flexibility to serve as a full-time residence, Northern Michigan getaway, investment property, or home-and-work base. Set on 2.74 wooded acres with paved road frontage, the home sits back among mature trees and offers a peaceful, private feel along with an attached two-car garage. Inside, the lodge-inspired character comes through in the natural wood trim, comfortable living spaces, and abundant natural light. The living room is warm and inviting, while the updated kitchen features extensive wood cabinetry, glass-front display cabinets, stainless appliances, and a gas range. Multiple rooms offer flexible use, including comfortable sleeping spaces and a separate bedroom or office that works well for guests, remote work, or hobbies. A walkout basement adds even more usable space and convenient access to the outdoors. A substantial detached multi-bay garage and workshop near the road adds exceptional utility. Its separate placement creates practical separation from the residence and makes it well suited for vehicle storage, equipment, projects, a serious hobbyist, or a home-based operation subject to applicable zoning and approvals. Inside, the space is currently configured with multiple garage doors, workbenches, bright overhead lighting, pegboard tool storage, and room for a vehicle lift. The combination of a private wooded setting, flexible interior layout, walkout lower level, attached garage, and large detached workshop is difficult to duplicate this close to Petoskey. The property may also offer short-term rental potential, subject to all applicable zoning, licensing, permits, and buyer verification.

7555 E Mitchell Road, Petoskey
$545,000
2 Beds ⋅ 2 Baths ⋅ 480083 MLS ⋅ ACTIVE Status
Perched on a hill with sweeping countryside views, this rare 20-acre farm, zoned FF, 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
$599,000
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
$519,900
4 Beds ⋅ 2 Baths ⋅ 480003 MLS ⋅ ACTIVE Status
Enjoy the space and privacy of this well-maintained 4 bedroom, 2 bath ranch, set on 1.87 wooded acres just minutes from downtown Petoskey. Offering more than 2,000 Sq.Ft. of living space, the home features an open layout filled with natural light, a spacious kitchen with a center island, walk-in pantry, and abundant cabinetry that flows into the dining and living areas—perfect for everyday living and entertaining. The primary suite includes a walk in closet and spacious bathroom with makeup vanity, tile shower, and soaker tub. Three additional bedrooms provide plenty of room for family, guests, or a home office. Step outside to the expansive composite deck overlooking the property where you can relax, enjoy nature, or dine alfresco and your summer days will be spent enjoying the 16' x 32' Intex pool. Car enthusiasts, hobbyists, and entertainers alike will appreciate the impressive 1,200 Sq.Ft. heated, three-bay garage, offering exceptional space for vehicles, projects, storage, or hosting family and friends. A long private driveway, storage shed, and peaceful wooded setting complete the property, creating a quiet retreat with the convenience of nearby shopping, dining, schools, and all that Petoskey has to offer. This is a wonderful opportunity to enjoy Northern Michigan living with room to spread out, both inside and out. This house is priced to sell fast, schedule your private showing today!

3255 Cemetery Road, 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
$549,900
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
$564,900
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
$559,900
4 Beds ⋅ 3 Baths ⋅ 479041 MLS ⋅ ACTIVE Status
Beautiful, charming remodeled and updated duplex in the heart of Petoskey! This prime location, just steps from the Gaslight district, shopping, dining, big box stores and all the recreational opportunities of the Bear River path is an investor or home owners dream. Fully updated and renovated in 2016, this property provides separate private entrances for each unit while the upper unit boasts three bedrooms and two full baths along with in-unit laundry. The lower unit's layout affords one bedroom plus a den that could be used as an additional bedroom and one full bathroom with in-unit laundry, plus an open concept kitchen. Off street driveway parking is available along with ample street parking year-round. Excellent multi-family revenue property in downtown Petoskey. Schedule your tour today!

415 Liberty Street, Petoskey
$540,000
6 Beds ⋅ 3 Baths ⋅ 479029 MLS ⋅ ACTIVE Status
Welcome to this charming, low-maintenance brick home in a prime Petoskey location! Recently freshened up, this property offers a move-in-ready feel with timeless appeal and modern convenience. The home features a desirable layout along with a bonus apartment above the detached two-car garage, perfect for guests, rental income, or a private workspace. The brick/wood exterior ensures durability and easy upkeep, making it an excellent choice for year-round living or a seasonal retreat. Ideally situated, you’ll enjoy close proximity to all local schools, including the college, as well as easy access to downtown Petoskey’s shopping, dining, and entertainment. This is a rare opportunity to own a versatile property in one of the area’s most sought-after locations!

1101 Kalamazoo St, Petoskey
$559,900
4 Beds ⋅ 3 Baths ⋅ 478857 MLS ⋅ ACTIVE Status
Beautiful, charming remodeled and updated duplex in the heart of Petoskey! This prime location, just steps from the Gaslight district, shopping, dining, big box stores and all the recreational opportunities of the Bear River path is an investor or home owners dream. Fully updated and renovated in 2016, this property provides separate private entrances for each unit while the upper unit boasts three bedrooms and two full baths along with in-unit laundry. The lower unit's layout affords one bedroom plus a den that could be used as a bedroom and one full bathroom with in-unit laundry, plus an open concept kitchen. Off street driveway parking is available along with ample street parking year-round. Excellent multi-family revenue property in downtown Petoskey. Schedule your tour today!

415 Liberty Street, Petoskey
$519,000
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
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