# 6243 LAKE GROVE, Petoskey, MI 49770

> **TL;DR:** 3bd/2ba single family, $499,000 ($368/sqft), 1,355 sqft. Est. $2,669/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $499,000 |
| Price/sqft | $368 |
| Bedrooms | 3 |
| Bathrooms | 2 full |
| Square Feet | 1,355 |
| Property Type | Single Family (Single Family Residence) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $2,523 |
| Estimated Insurance | $146 |
| **Total** | **$2,669** |

## Description

### Agent Description
Charming Walloon Peninsula Fixer-Upper with Protected Privacy & Seasonal Lake Views! 3 BR / 2 BA | 1,355 SQ FT | Two-Story | 2-Car Detached Garage Nestled into the serene hillside of a rolling and heavily wooded lot on the coveted southern point of the Walloon Peninsula, this two-story home offers an unparalleled opportunity to create your dream Northern Michigan retreat. Located directly across the street from Walloon Lake, you'll enjoy a private, tree-lined sanctuary that opens up to beautiful seasonal lake views as the autumn and winter months roll in. Privacy here is unmatchedyour rolling, heavily forested property directly abuts 260 pristine acres of Resort Township and protected conservancy land, ensuring your majestic wooded backdrop remains beautifully wild, private, and permanently untouched. The home itself boasts excellent, solid bones and a fantastic structural layout, providing the perfect canvas for a custom renovation. Inside, you'll find 1,355 square feet of living space featuring 3 bedrooms and 2 bathrooms, complemented by a spacious 2-car detached garage with plenty of room for your boat, water toys, and storage. The property requires extensive updating and restoration throughout, making it an ideal investment project or an incredible opportunity to build significant equity in a highly desirable, premium neighborhood. Due to the extent of updates required, this property will not qualify for conventional financing. Sold strictly as-is. Cash or portfolio loans only. Don't miss out on the rare chance to own a piece of the Walloon Peninsula, backed by hundreds of acres of protected nature, at an incredibly accessible price point. Schedule your showing today and unlock this property's true potential!

## Location

- **Address:** 6243 LAKE GROVE, Petoskey, MI 49770
- **County:** Emmet County
- **Coordinates:** 45.284705, -85.005867
- **Google Maps:** https://www.google.com/maps?q=45.284705,-85.005867

## Listing Agent

- **Name:** Jeff Patton
- **Brokerage:** Coldwell Banker Schmidt Family Of Companies
- **Phone:** 2318819019
- **Broker Phone:** 2313477600

## Photos

![6243 LAKE GROVE - Photo 1](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f4031255402r.jpg)

![6243 LAKE GROVE - Photo 2](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f2442789448r.jpg)

![6243 LAKE GROVE - Photo 3](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f3759399151r.jpg)

![6243 LAKE GROVE - Photo 4](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f3195072613r.jpg)

![6243 LAKE GROVE - Photo 5](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f2453507521r.jpg)

![6243 LAKE GROVE - Photo 6](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f3917038654r.jpg)

![6243 LAKE GROVE - Photo 7](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f3317249828r.jpg)

![6243 LAKE GROVE - Photo 8](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f3708727470r.jpg)

![6243 LAKE GROVE - Photo 9](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f3920144814r.jpg)

![6243 LAKE GROVE - Photo 10](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f1461000229r.jpg)

![6243 LAKE GROVE - Photo 11](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f1346271644r.jpg)

![6243 LAKE GROVE - Photo 12](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f156822193r.jpg)

![6243 LAKE GROVE - Photo 13](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f2527582286r.jpg)

![6243 LAKE GROVE - Photo 14](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f2187407516r.jpg)

![6243 LAKE GROVE - Photo 15](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f169850555r.jpg)

![6243 LAKE GROVE - Photo 16](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f2611346563r.jpg)

![6243 LAKE GROVE - Photo 17](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f3401417624r.jpg)

![6243 LAKE GROVE - Photo 18](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f2725369988r.jpg)

![6243 LAKE GROVE - Photo 19](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f2864290090r.jpg)

![6243 LAKE GROVE - Photo 20](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f1468028290r.jpg)

![6243 LAKE GROVE - Photo 21](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f372457824r.jpg)

![6243 LAKE GROVE - Photo 22](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f2720921880r.jpg)

![6243 LAKE GROVE - Photo 23](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f2155463432r.jpg)

![6243 LAKE GROVE - Photo 24](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f2981840210r.jpg)

![6243 LAKE GROVE - Photo 25](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f4026271478r.jpg)

![6243 LAKE GROVE - Photo 26](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f2102290398r.jpg)

![6243 LAKE GROVE - Photo 27](http://lh.rdcpix.com/f745863586c1e0b4b1de52764b13a711l-f3993417618r.jpg)

---

**MLS#:** 479632 | **Updated:** 2026-09-03
**Source:** listhub

*Copyright © 2026 Coldwell Banker Schmidt REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/6243-lake-grove-petoskey-mi-49770-28787670)

---

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