Skip main navigation
Accepting backups
  • $4,495,000

    5382 Lake Grove Rd, Petoskey, MI 49770

    6beds
    3,990sqft
    : 
    SingleFamily
    Built in ----
    -- sqft lot
    $4,180,000 Zestimate®
    $1,127/sqft
    $-- HOA

    What's special

    Third-story bonus areaOffice and separate studyThree-car detached garageSpacious covered lakeside porchWalk-in closetSoaking tubSpacious walk-in shower
    Set along one of Walloon Lake’s most desirable corridors on Lake Grove Road, this charming home offers 100 feet of flat, level shoreline and an A+ location central to everything that makes this region so special. The main residence features four bedrooms and 2.5 baths, along with an office and separate study that provide flexibility and quiet retreat space. A fieldstone wood-burning fireplace anchors the living area, welcoming you home against a stunning backdrop of azure blue views across Walloon. The kitchen, complemented by an adjoining wet bar, will surely appease the chef of the household, while the open layout allows anyone preparing a meal to remain part of the gathering. The primary bedroom offers breathtaking lake views, a walk-in closet, soaking tub, and a spacious walk-in shower. Three additional bedrooms upstairs provide ample room for a large group, while the third-story bonus area offers ideal space for lively guests or additional overflow. Just steps outside, a fantastic outdoor kitchen complete with a stone pizza oven and a spacious covered lakeside porch brings celebrations outdoors with ease. Complementing the main home is a three-car detached garage with a finished guest residence above, offering two bedrooms, a full bath, kitchenette, and living area. This separate space allows visiting guests to enjoy privacy while remaining fully connected, an ideal arrangement for multi-generational use. The level lot creates easy access to the shoreline, making swimming, boating, and long summer days on the water more fun and enjoyable. The proportions are generous yet balanced, substantial enough to host and gather, yet appropriate in scale for easy maintenance and year-round enjoyment. This is a classic Walloon Lake offering in a premier location, close to Petoskey, Boyne City, Charlevoix, Harbor Springs, and Bay Harbor. This flat lake level setting, mere steps from the waters edge is sure to provide lasting value and enjoyment for years to come.
    30 days
    |
    1,846
    |
    64
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 24, 2026 at 11:49am

    Listed by:

    Wally Kidd,

    Kidd & Leavy Real Estate Co. LLC 231-439-2800

    Source: Northern Michigan MLS,MLS#: 478717MLS Logo

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 6
      • Bathrooms: 4
      • Full bathrooms: 3
      • 1/2 bathrooms: 1
      Heating
      • Natural Gas, Forced Air, Electric
      Cooling
      • Ceiling Fan(s)
      Appliances
      • Included: Dishwasher, Disposal, Refrigerator, Washer, Dryer, Range
      Features
      • Flooring: Wood
      • Basement: Crawl Space
      • Has fireplace: Yes
      • Fireplace features: Wood Burning
      Interior area
      • Total interior livable area: 3,990 sqft

      Property

      Parking
      • Parking features: Detached Garage
      • Has garage: Yes
      Features
      • Patio & porch: Deck
      • Exterior features: Dock
      • On waterfront: Yes
      • Waterfront features: Waterfront
      Details
      • Additional structures: Guest House
      • Parcel number: 131835176010

      Construction

      Type & style
      • Home type: SingleFamily
      Materials
      • Wood Frame/Site Built

      Utilities & green energy

      • Sewer: Septic Tank
      • Water: Well
      • Utilities for property: Cable Connected

      Community & HOA

      HOA
      • Has HOA: No
      Location
      • Region: Petoskey

      Financial & listing details

      • Price per square foot: $1,127/sqft
      • Tax assessed value: $1,340,000
      • Date on market: 2/18/2026
      • Road surface type: Paved
      Get pre-qualifiedBe ready to make an offer.
      Connect with an agentGet info on this home, tour, and more.
      Calculate monthly paymentSee if you can afford this home.

        Estimated market value

        $4,180,000

        $3.97M - $4.39M

        $5,430/mo

        Price history

        Price history
        DateEventPrice
        2/18/2026Listed for sale$4,495,000$1,127/sqft
        Source: Northern Michigan MLS #478717 Report a problem

        Public tax history

        Public tax history
        YearProperty taxesTax assessment
        2021-- $670,000 -6.7%
        2020-- $718,200 +0.4%
        2019-- $715,400 +1.6%
        2018-- $704,400 -0.3%
        2017-- $706,700 +5.2%
        2016-- $671,800 +8.7%
        2015-- $617,900 +8.6%
        2014-- $569,200 +11.2%
        2013-- $512,000 +0.8%
        2012-- $508,000 -8.5%
        2011-- $555,300 -15.5%
        2010-- $657,100

        Find assessor info on the county website

        BuyAbility℠ payment

        Est. payment
        $26,589/mo
        Principal & interest
        $23180
        Property taxes
        $3409
        More affordability tools

          Climate risks

          Neighborhood: 49770

          Getting around

          0 / 100
          Car-Dependent
          25 / 100
          Somewhat Bikeable

          Nearby schools

          GreatSchools rating
          Schools provided by the listing agent
          • District: Petoskey

          Source: Northern Michigan MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

          Local experts in 49770

          Similar homes

          Skip to the end of the carouselSkip to the beginning of the carousel