850 W Bear River Road $14,999,000

    Close

    850 W Bear River Road Petoskey, MI 49770

    • 4 Beds
    • 6 Baths
    • 14,636 sq. ft.
    • Residential
    • MLS# 469760
    Favorite Share
    Views: 868 Days On Site: 570

    Go Tour This Listing

    Schedule A Showing

    Property Details

    Description Tours

    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.

    • General Features
      • Above Ground Sq Footage 8261
      • Approx Year Built 2018
      • Association No
      • County Emmet
      • Features Cable, Cathedral Ceilings, Ceiling Fans, Central Air, Deck, Dishwasher, Dock, Dryer, Garbage Disposal, Gas Fireplace, Hot Tub, Mini Blinds, Patio, Paved Drive, Range, Refrigerator, Sauna, Sprinkler System, Washer, Wood Floors, Wood Stove, Security System, Elevator, Paved Road
      • Heat1 Natural Gas, Forced Air, In Floor Heating
      • Lake Walloon
      • Total Finished Sq Ft 14636
      • Township Bear Creek
      • Utility Dimensions 30 x 20
      • Utility Level Lower
      • Water Well
      • Water Front Water Access Water Front
      • Water Heater Natural Gas, Other
      • Water View Yes
      • Waterfront Feet 387
      • Wf Separated By Road No
    • Building Features
      • Basement Full, Walkout, Finished, Poured
      • Construction Two Story +
      • Garagae Car Capacity Four +
      • Garage Carport Garage-Attached
      • Roof Wood Shake
      • Windows Thermo
    • Room Features
      • Bath 1 Dimensions 16 x 28
      • Bath 1 Level Main
      • Bath 2 Level Upper
      • Bdrm 2 Dimensions 16.1 x 15.5
      • Bdrm 3 Dimensions 16.1 x 20
      • Bdrm 4 Dimensions 26.7 x 13.6
      • Bedroom 2 Level Upper
      • Bedroom 3 Level Upper
      • Bedroom 4 Level Upper
      • Dining Rm Dimensions 25 x 25
      • Dining Rm Level Main
      • Family Rm Dimensions 28 x 20
      • Family Rm Level Lower
      • Kitchen Dimensions 18 x 10
      • Kitchen Level Main
      • Living Rm Dimensions 21 x 25
      • Living Rm Level Main
      • Master Bdrm Dimensions 19 x 16
      • Master Bdrm Level Main
      • Bedrooms 4
      • Full Bathrooms 6
      • Half Bathrooms 1
      • Rooms 1 Level N/ A
      • Rooms 2 Level N/ A
      • Total Rooms 17
    • Schools
      • School District Petoskey
    • Additional Features
      • Other Buildings Guest House
      • Sewer Septic

    Contact

    Neighborhood

    49770 (Petoskey) Demographics

    44 Median Age
    139 Population Density (per sq. mile)
    52% College Educated
    $62,264 Estimated Median Income
    4,813 Estimated Total Home Owners
    2,375 Estimated Total Renters
    67% / 33% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    17,205 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $545,850 Median Sales Price
    16 Homes Sold
    38 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $14,999,000
        4/9/2024 2:05:59 PM Price Reduced Source: Multiple Listing Service New Value: $14,999,000 -16.67%
        10/10/2022 4:51:00 PM New in Database Source: Multiple Listing Service New Value: $18,000,000

        Payment Calculator

        $0 per month
        Year Fixed, Interest
        Principal and Interest
        $0
        Property Taxes
        Homeowners' Insurance

        Home Price
        Down Payment
        * This payment calculator is intended for educational and planning purposes only.
        ** Assumes 6.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.

        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-MLSX). Real estate listings held by brokerage firms other than RE/MAX of Michigan are marked with the NM-MLSX logo and the detailed information about said listing includes the listing office.

        All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor RE/MAX of Michigan shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Northern Michigan MLS, Inc © All rights reserved.

        NM-MLSX (IDX) information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing



        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.