1 year on rocket

850 W Bear River Rd, Petoskey, MI, 49770

$14,999,000

4 Bedrooms
6 Full Baths, 1 Partial
14,636 SqFt
$1,025/SqFt
House
Schools Nearby

Location

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Property Highlights

Home TypeSingle Family Residence
ParkingGarage-Attached
Attached Garage4 spaces
Year Built2018
HeatingNatural Gas, Forced Air, Floor Furnace, Geothermal
CoolingCeiling Fan(s), Central Air
BasementYes
WaterfrontDock
FireplaceGas Fireplace, Wood Stove
MLS #469760
StatusActive

About 850 W Bear River Rd

An absolute stunning newer home on Walloon Lake being offered for the first time. This custom craftsman style post and beam built home is truly a one-of-a-kind. As you enter the home you are amazed by the imported arched reclaimed Douglas fir beams that span over 30 foot ceilings in the great room. The main and upper level finishes include a mixture of wormy maple walls, coffered ceilings, broad and batten, accompanied by Van Tassell granite accents, split stone floors, and hickory stairs. Designer kitchen features knotty alder cabinets, granite countertops and state of the art appliances. Just off the kitchen there is a butler's pantry and custom built wine cellar. Main level study with custom built-in cabinetry and tin accented ceilings. The upper level features two bedrooms plus large guest suite with a full kitchen and separate access. The loft is a cozy living area great for watching movies or relaxing with a good book. Beautiful master suite has a gas fireplace and sitting nook great for morning coffee, large master bathroom with his and hers closets, and inlaid marble flooring. The lower level has many fun features and is perfect for entertaining. Full size bar, media/bunk room, and fitness room with a steam/sauna shower with adjoining bath. There is also a project area and large storage room and golf simulator which can also be used for larger viewing projections. Open living and gaming areas surround a three sided fireplace. The oversized three car garage is equipped with a car hoist that is capable of storing a fourth car in the lower level and plenty of extra storage space. Other notable features are the iconic boathouse with two boat wells and a waterside gazebo. Western exposure with 387’ of prime lakefront, manicured landscaped grounds and a heated driveway. High-efficiency geothermal HVAC with in-floor heat and forced conditioned air. This home is truly one of Walloon Lake's most exquisite properties ever offered.

Property Details

Property Features

Property Information:

  • Year Built: 2018
  • Living Area: 14,636 SqFt

Listing Office:

  • Office Name: Harbor Sothebys International Realty
  • Listing Agent: Brad Rellinger

Interior Features

Interior Information:

  • Appliances: Ceiling Fan(s), Dishwasher, Dryer, Disposal, Hot Tub, Range, Refrigerator, Washer, Security System
  • Basement: Yes
  • Flooring Type: Wood
  • Interior: Cable, Cathedral Ceiling(s), Ceiling Fan(s), Fireplace, Hot Tub, Patio, Sauna, Sprinkler System, Wood Stove, Security System, Elevator
  • Fireplace: Gas Fireplace, Wood Stove

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 6
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Waterfront: Dock
  • Exterior: Deck, Boat Dock, Hot Tub, Patio, Sauna, Sprinklers, Security System, Elevator

Parking Information:

  • Garage Space: 4 spaces
  • Attached Garage: Yes
  • Parking: Garage-Attached

Virtual/3D Tour

  • Virtual Tour: 850 W Bear River Rd

Virtual Tour

Lot Features

Lot Information:

  • Lot: Dock, Paved, Sprinklers

Utilities

Utilities Information:

  • Heating: Natural Gas, Forced Air, Floor Furnace, Geothermal
  • Cooling: Ceiling Fan(s), Central Air

Other

Directions Information:

  • Directions: US 131 to Bear River Road. Driveway is at the end just before you turn left onto Country Club Shores. The house is next to Walloon Lake Country Club.

Price Information

Listing Price Info

Price Summary:

  • List Price: $14,999,000
  • Price Per SqFt: $1,025/SqFt
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Housing Market Comparison

See how this home compares to others in Petoskey, MI.

Med. Sold Price

$430.5K

Med. Price/SqFt

$231

# of Sold Homes

13

850 W Bear River Rd vs Petoskey

571 DAYS ON ROCKET

$14,999,000

+$14.5M More

$1,025/SqFt

+$794 More

KEY TAKEAWAY

This property is $14.5M more than the Median Sold Price and $794/SqFt more than other homes in Petoskey, MI.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #469760

Listing Office:

  • Office Name: Harbor Sothebys International Realty
  • Listing Agent: Brad Rellinger

IDX The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/4/2024, 7:20:32 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Apr 28, 2014Home Sold
$1,827,500

Tax History

YEARPROP. TAXASSESSMENT
2021 - $3,573,200
2020 - $3,324,400
2019 - $3,166,700
2018 - $2,631,600
2017 - $1,399,400

History based on county public records data.

Payment Calculator

$74.9K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$45K

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-5830342
7
/10
  • Sheridan School

  • 1415 Howard St

  • 4.84 miles

  • Public Magnet Grades KG-5

school-card-donut-5830343
7
/10
  • Ottawa Elementary School

  • 871 Kalamazoo Ave

  • 5.28 miles

  • Public Magnet Grades KG-5

school-card-donut-5830344
8
/10
  • Lincoln School

  • 616 Connable Ave

  • 5.47 miles

  • Public Magnet Grades KG-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $79,897. Typical income of Petoskey, MI residents is between $35k-100k annually. The most common type of family is married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 850 W Bear River Rd

What is the listing price of this property?

The listing price of 850 W Bear River Rd property is $14,999,000.

What type of property is this?

The property 850 W Bear River Rd is a house located in Petoskey, Michigan, 49770.

Is this property for sale now?

Active Listing: 850 W Bear River Rd is For Sale (Active/New) which means the seller is accepting offers.

When was this property sold last time and for how much?

The last sale was on April 28, 2014 for $1,827,500. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 850 W Bear River Rd has 4 bedrooms and 6 full and 1 half bathrooms.

What is the square footage of this property?

The property 850 W Bear River Rd is 14,636 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 850 W Bear River Rd is 2018.
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Rocket HomesMichiganEmmet CountyPetoskey49770850 W Bear River Rd

This home is located at 850 W Bear River Rd in Petoskey, MI and zip code 49770. This 14,636 square foot home was built in 2018. Features: 4 bedrooms, 7 bathrooms. It has been listed on Rocket Homes since October 10, 2022 and is currently priced at $14,999,000.

While more than 3 listings in Petoskey, MI in April 2024 were sold above asking price, there were more than 4 listings sold at asking price, and more than 6 were sold below. Between March 2024 and April 2024, Petoskey, MI real estate market has seen increase in the number of listings by 36.9%.

From Rocket Homes Real Estate and based on county public records data.

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