Walloon Lake Real Estate Search

Walloon Lake Just Listed Properties for Sale

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Newest Walloon Lake Just Listed Properties for Sale

$1,240,000
4 Beds ⋅ 4 Baths ⋅ 480040 MLS ⋅ ACTIVE Status
Stunning family or vacation home with lush, easily maintained grounds, set amongst a dramatic pine and deciduous forest, evoking a feeling of complete tranquility, with Walloon Lake access just 300 yards away. It's almost like a treehouse, yet once inside this architecturally pleasing home, you'll find 4 bedrooms and 4 full bathrooms that complement an open-concept plan across two floors with custom finishes through a stylistic lens. Every detail was painstakingly vetted to maintain a modern aesthetic while keeping the laid-back Walloon Lake vibe that translates into a home that you want to hang out in, not just a place to sleep. The choice of materials is unique, but they all fit together in one bold narrative. Outside provides an abundance of living space with front and rear decks, plus a fire pit in the woods and a beautiful combination of hardscape and natural ground cover. The front side deck starts at the convenient "Grillers Door" just off the kitchen and leads to a picturesque lounging/dining space built for afternoon sun and pure relaxation. The rear deck begins off the primary suite and serves as a private access point to a custom sauna and Hot Tub. You see, every detail has been carefully conceived to live as individuals currently do, and every feature throughout the home is custom, from cabinetry to lighting, to shelving, floors, doors, tile choices... the home is a showcase for current design trends, but in an understated way, as a space to live in and work modern individuals do. If the house and grounds are not enough, there is also a gigantic 32 x 40 outbuilding to keep boats, extra vehicles, and toys. How to access the lake?  At the end of Fourth Street, there is an access point to get to the lake with a boat launch just a half mile away and the bustling village of Walloon just past that.  This is truly a remarkable home and property, available for private showings with notice, please. Call today for a private tour.

4497 Fourth Street, Walloon Lake
$1,299,000
3 Beds ⋅ 2 Baths ⋅ 478905 MLS ⋅ ACTIVE Status
Introducing the reimagined Junction Bar & Grill—an iconic Walloon Lake establishment, completely transformed through a comprehensive 2023 renovation, offering a rare, turnkey hospitality asset in one of Northern Michigan’s most desirable resort corridors. Positioned prominently at the intersection of US-131 and M-75, this high-visibility property delivers a dynamic, multi-revenue business model. The beautifully updated restaurant is complemented by a highly versatile roller rink and event venue—currently generating steady cash flow through public use, private celebrations, weddings, and live entertainment. An additional bar permit enhances the experience, allowing for alcohol service within the event space. The offering includes a full Class C liquor license and Specially Designated Merchant (SDM) license, permitting carry-out sales—further elevating revenue potential. Residential components include a single-family home ideal for an owner-operator or executive housing, along with a one-bedroom apartment above the venue, creating additional flexibility and income opportunity. This is more than a business—it’s a lifestyle investment with scale, versatility, and significant upside in a market defined by tourism, affluence, and year-round appeal.

4472 M-75 Highway, Walloon Lake
$519,900
1 Beds ⋅ 1 Baths ⋅ 478653 MLS ⋅ ACTIVE Status
Located in the heart of the Walloon Village, this newly-constructed, top-floor one bedroom condominium offers an easy, refined approach to lakeside village living. Designed with modern comfort in mind, the residence features a high-end kitchen with GE Monogram appliances, in-unit laundry, and a private balcony perfect for quiet mornings or relaxed evenings. The Renwick building is secure and elevator-serviced, providing both convenience and peace of mind. Just outside your door, the Walloon Village unfolds with its signature charm. Walk to longtime favorites like the General Store and Barrel Back, browse curated shops including Sweetwater Floral and Vintage Mercantile, or enjoy the timeless appeal of Hotel Walloon. Newer additions such as Iron Goat Coffee, Vilah Bloom, and the Walloon Watershed wine bar continue to enhance the village’s vibrant, walkable lifestyle. A rare opportunity to own a turnkey residence in one of Northern Michigan’s most desirable lakeside communities without the waterfront price tag.

4041 Renwick Lane Unit #14, Walloon Lake
$659,900
3 Beds ⋅ 2 Baths ⋅ 478330 MLS ⋅ ACTIVE Status
Just steps from the heart of Walloon Village, this well-maintained older home sits on a generous lot and offers charm, space, and endless potential. With three bedrooms located on the second level, the layout provides a comfortable separation between living and sleeping areas. The main floor features a large living room along with a spacious second gathering area—perfect for a family room, game room, or expanded entertainment space. The kitchen has been removed, leaving a blank canvas for you to design your dream kitchen and dining area, customized to your taste and needs. Outside, a detached two-car garage and additional storage building offer plenty of space for vehicles, tools, and all your Northern Michigan toys. Whether you're seeking an ideal vacation rental opportunity or a personal up-north getaway, this property places you within walking distance of everything Walloon Village has to offer. Enjoy the recently revitalized Village amenities including a beautiful beach and swimming area, Township park, boat launch with ample parking, marina with fuel, multiple restaurants, a general store with deli, boutique shopping, and a classic ice cream shop. A rare find in an unbeatable location—your Walloon Lake retreat awaits.

4160 M-75 N, Walloon Lake
$2,695,000
6 Beds ⋅ 5 Baths ⋅ 478280 MLS ⋅ ACTIVE Status
Perched high above the treetops, this new custom home captures one of the rarest perspectives on Walloon Lake: a sweeping, elevated panorama paired with exceptional privacy. It is a view and setting that cannot be fully appreciated until you are standing there in person. Completed in fall 2025, this Walloon Lake residence was awarded 1st Place in the 2026 Detroit Design Awards: Homes for Vacation Home in Michigan, with interiors by NORTH+BIRCH. The award-winning design pairs refined Northern Michigan style with exceptional craftsmanship, natural materials, and a deep connection to the surrounding lake and forest. Exposed Douglas fir beams, vaulted post-and-beam construction, floor-to-ceiling glass, bespoke cabinetry, custom built-ins, and a fully custom wood-burning fireplace create a warm interior designed around the view. The main living spaces open to a large deck overlooking Walloon Lake, while the expansive windows and deck offer an unobstructed view of the Village's 4th of July fireworks. The primary suite enjoys spectacular lake views, heated floors, and a beautifully tiled shower. The walkout lower level offers high ceilings, a spacious family room, guest accommodations, and direct outdoor access. Surrounded by conservation land with very few visible neighbors, the home feels immersed in nature, yet downtown Walloon Village is only a short walk or approximately 3 minute golf-cart ride away. Restaurants, cafes, shops, grocery, and seasonal boat-slip rental opportunities make it easy to enjoy the Walloon lifestyle without the ongoing demands of direct shoreline ownership. Adjacent 1.2-acre Lot 8 is also available and offers dramatic lake views of its own. Together, Lots 7 & 8 create approximately 2.4 private acres and the rare opportunity to control 2 of the community's only 3 true lake-view parcels. Award-winning design, brand-new construction, extraordinary views, privacy, and effortless village access come together in one rare Walloon Lake retreat!

4564 Oak Bluff, Walloon Lake
$3,750,000
4 Beds ⋅ 4 Baths ⋅ 478173 MLS ⋅ ACTIVE Status
There are few places on Walloon Lake where privacy, natural beauty, and timeless architecture come together as effortlessly as they do here. Nestled beneath a canopy of mature pines on 131 feet of crystal-clear shoreline, this waterfront retreat embraces the quiet character that has defined Walloon Lake for generations. The approach is understated, the setting remarkably peaceful, and the connection to the lake is immediate. Designed to celebrate its surroundings, the residence is filled with natural light as soaring ceilings and expansive walls of glass frame ever-changing views of the water. Warm cedar finishes, native stone, and thoughtfully proportioned living spaces create an atmosphere that is both sophisticated and inviting. Equally suited for lively summer gatherings or quiet weekends with family. The heart of the home opens effortlessly to expansive lakeside decks where mornings begin with coffee overlooking the water and evenings conclude beneath northern Michigan skies. Every room has been carefully positioned to maximize light, privacy, and the enduring beauty of its surroundings. Generous accommodations provide exceptional comfort for family and guests, while the property's wooded setting offers a rare sense of seclusion without sacrificing convenience. Just minutes from the village of Walloon Lake and Petoskey, the home enjoys the best of both worlds—peaceful waterfront living with easy access to dining, shopping, and year-round recreation. Properties of this caliber are increasingly defined not only by their architecture, but by their setting. Here, the towering pines, pristine shoreline, and unmistakable clarity of Walloon Lake create a legacy property designed to be enjoyed for generations to come.

818 Whitfield View, Walloon Lake
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