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About This Home

This 3-bedroom, 2-bathroom single family at 6243 Lake Grove in Petoskey, MI is listed for $659,000 ($486 per sqft). the home offers 1,355 sqft of living space on a 2.00 acres lot.

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 unmatched—your 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!

Key Features

  • 2.00 acre lot
  • 2 stories
  • 2 parking spaces

Property Details

2 stories
2 full
2 spaces

Amenities

ViewBasement

Monthly Cost Estimate

$3,524/mo

20% down · 6.5% · 30 years

Principal$477
Interest$2,856
Insurance$192

Estimates only. Actual payments may vary.

Location

6243 Lake Grove

Petoskey, MI 49770

Features & Amenities

Interior Features

DeckDishwasherDryerRangeRefrigeratorWasherBorders State LandPaved Road

Property Details

Views

Water

Parking

GarageGarage - Detached

Heating

BaseboardElectric (Heating)Wood (Heating)

Appliances

DishwasherDryerRangeRefrigeratorWasher

Questions & Answers

This 3-bedroom, 2-bathroom single family at 6243 Lake Grove is listed at $659,000 ($486/sqft). The estimated monthly payment is $2,856 based on 20% down at 6.5% interest.

Key features include: 2.00 acre lot, 2 stories, 2 parking spaces. Interior Features: Deck, Dishwasher, Dryer.

This property is listed by Jeff Patton and can be reached at 2318819019 or Jeff.patton@cbgreatlakes.com.

JP

Jeff Patton

Agent at Coldwell Banker Schmidt - Petoskey

(231) 881-9019

Listed by Coldwell Banker Schmidt - Petoskey · View on Broker Site

MLS# 479632· Source: listhub· Updated today

Copyright © 2026 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

6243 Lake Grove, Petoskey, MI 49770

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