Accepting backups

$1,990,000

5160 Lake Grove Rd, Petoskey, MI 49770

2beds

1,383sqft

Get pre-qualified

SingleFamily

Built in ----

-- sqft lot

$1,867,800 Zestimate^®

$1,439/sqft

$-- HOA

What's special

Small yardPond feature

Set along one of Walloon Lake’s most desirable stretches, this Lake Grove Road property offers 77 feet of frontage in an A+ location where opportunities have become increasingly limited. The home includes approximately 1,383 square feet with 2 bedrooms and 2 baths. Comfortable and easy to enjoy in its current form, the property also presents meaningful potential for future personalization or expansion over time. The setting offers a comfortable mix of waterfront living and outdoor space, with a small yard, pond feature, and sun deck leading naturally down to the dock and shoreline. For those looking to establish a presence along Lake Grove Road, this is a rare chance to step into one of Walloon’s most sought after settings and shape the property over time.

24 days

226

10

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Heating

LP Gas

Appliances

Included: Dishwasher, Refrigerator, Washer, Range

Features

Basement: Block,Full,Walk-Out Access
Has fireplace: Yes
Fireplace features: Gas

Interior area

Total interior livable area: 1,383 sqft

Property

Parking

Parking features: Detached Garage
Has garage: Yes
Covered spaces: 1.5

Features

Patio & porch: Deck
On waterfront: Yes
Waterfront features: Waterfront

Lot

Features: Sprinkler System

Details

Additional structures: None
Parcel number: 131835100019

Construction

Type & style

Home type: SingleFamily

Materials

Wood Frame/Site Built, Concrete/Block

Utilities & green energy

Sewer: Septic Tank
Water: Well

Community & HOA

HOA

Has HOA: No

Location

Region: Petoskey

Financial & listing details

Price per square foot: $1,439/sqft
Tax assessed value: $643,400
Date on market: 5/13/2026
Road surface type: Paved

Estimated market value

$1,867,800

$1.77M - $1.96M

$2,336/mo

Price history

Date	Event	Price
5/13/2026	Listed for sale	$1,990,000$1,439/sqft
Source: Northern Michigan MLS #479320 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2021	--	$321,700 -1%
2020	--	$324,800 +0.2%
2019	--	$324,300 -4.3%
2018	--	$338,900 +0.4%
2017	--	$337,400 +8.2%
2016	--	$311,700 +12.4%
2015	--	$277,400 +2.9%
2014	--	$269,600 -2.4%
2013	--	$276,100 -0.2%
2012	--	$276,600 -6.7%
2011	--	$296,400 -4.8%
2010	--	$311,500

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified

Climate risks

Neighborhood: 49770

Getting around

0 / 100

Car-Dependent

10 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

7/10
Sheridan School
Grades: K-5Distance: 5 mi
9/10
Petoskey Middle School
Grades: 6-8Distance: 6 mi
7/10
Petoskey High School
Grades: 9-12Distance: 6 mi

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.

Skip to the end of the carousel