Petoskey Real Estate | Petoskey Properties between $500,000 and $600,000 for Sale

Open House | Saturday, August 15 | 11:00 AM–1:00 PM Historic Charm on a Rare 1.47-Acre Parcel in the Heart of Petoskey – Priced to Sell- Built in 1895 and lovingly maintained by the same family since 1958, this timeless 4-bedroom, 2.5-bath home beautifully blends historic character with an exceptional location. Nestled within Petoskey city limits, this rare offering occupies what was once the edge of town and is now one of the area's most desirable settings, providing easy access to downtown, local schools, and the Winter Sports Park. Step inside to discover the craftsmanship of a bygone era, highlighted by original hardwood floors, detailed woodwork, classic windows, and soaring ceilings exceeding nine feet. Set on an extraordinary 1.47-acre lot—an exceptionally rare offering within the city—the home is surrounded by mature trees and expansive green space, creating a peaceful, park-like setting with remarkable privacy. The two-car garage and generous grounds provide endless opportunities for gardening, entertaining, recreation, or future enhancements. Rich in history, full of warmth, and ideally located, this is a rare opportunity to own one of Petoskey's truly special properties. Don't miss the chance to make this historic home part of your family's next chapter.

619 Kalamazoo Avenue, Petoskey

$535,000

3 Beds ⋅ 2 Baths ⋅ 480328 MLS

Downtown living at its best! Located on a charming corner lot in the heart of Petoskey, this inviting home offers character, comfort, and convenience. Just a short stroll from the Gaslight District, several public schools, and the Winter Sports Park, you'll enjoy easy access to everything downtown has to offer. Inside, the home retains the timeless charm of a classic residence while incorporating tasteful modern updates that create a fresh, welcoming feel. Hardwood floors run throughout the home, which features three bedrooms, one full bath, and one half bath. A cozy wood-burning stove provides warmth and ambiance during the colder months. Outside, a surprisingly private courtyard creates an ideal space for relaxing or entertaining. The fully fenced backyard offers multiple outdoor living areas, including a patio for gathering with friends, a deck for outdoor dining, and a grassy lawn with space for pets, gardening, or play. With its efficient, low-maintenance footprint, this home is an excellent opportunity for anyone seeking an affordable downtown lifestyle without sacrificing outdoor space or character. Whether you're looking for a primary residence, a second home, or an investment property, this is a wonderful chance to own a home in downtown Petoskey.

929 State Street, Petoskey

$539,000

3 Beds ⋅ 2 Baths ⋅ 480203 MLS

Rarely does an in-town Petoskey property offer this much space, storage, and versatility. Welcome to 1217 Atkins Road, a well-maintained 3-bedroom, 2-bath home situated on a half-acre, blending comfort, functionality, and convenience. From summer barbecues and bonfires to family gatherings or quiet evenings outdoors, the spacious, fully fenced backyard provides an inviting setting with plenty of room for kids and pets to play. Beyond the backyard, a heated 2½-car attached garage offers generous space for vehicles and everyday storage. Even better, a separate heated half-bay creates an ideal retreat for watching the big game, entertaining friends, tackling projects, or enjoying hobbies throughout the year. Continuing the theme of exceptional versatility, the impressive 30' × 40' pole barn features electricity, a concrete floor, and two 12-foot overhead doors. Whether storing boats, RVs, fifth wheels, trailers, or recreational equipment, this remarkable space is equally suited for a workshop, hobby area, or additional storage. Completing the package, a long concrete driveway provides abundant parking for guests and all your Northern Michigan toys. Just minutes from downtown Petoskey, yet within walking distance of schools, parks, scenic trails, shopping, dining, and the waterfront, this property combines the outdoor space and storage rarely found within the city limits. If you're searching for a home that offers room to entertain, space to spread out, and endless possibilities, 1217 Atkins Road is ready to welcome you home.

1217 Atkins, Petoskey

$539,900

3 Beds ⋅ 3 Baths ⋅ 480189 MLS

Rare Petoskey setup with the flexibility to serve as a full-time residence, Northern Michigan getaway, investment property, or home-and-work base. Set on 2.74 wooded acres with paved road frontage, the home sits back among mature trees and offers a peaceful, private feel along with an attached two-car garage. Inside, the lodge-inspired character comes through in the natural wood trim, comfortable living spaces, and abundant natural light. The living room is warm and inviting, while the updated kitchen features extensive wood cabinetry, glass-front display cabinets, stainless appliances, and a gas range. Multiple rooms offer flexible use, including comfortable sleeping spaces and a separate bedroom or office that works well for guests, remote work, or hobbies. A walkout basement adds even more usable space and convenient access to the outdoors. A substantial detached multi-bay garage and workshop near the road adds exceptional utility. Its separate placement creates practical separation from the residence and makes it well suited for vehicle storage, equipment, projects, a serious hobbyist, or a home-based operation subject to applicable zoning and approvals. Inside, the space is currently configured with multiple garage doors, workbenches, bright overhead lighting, pegboard tool storage, and room for a vehicle lift. The combination of a private wooded setting, flexible interior layout, walkout lower level, attached garage, and large detached workshop is difficult to duplicate this close to Petoskey. The property may also offer short-term rental potential, subject to all applicable zoning, licensing, permits, and buyer verification.

7555 E Mitchell Road, Petoskey

$550,000

3 Beds ⋅ 3 Baths ⋅ 480095 MLS

A little bit of city, a little bit of country...and a whole lot to love! If you've been searching for in-town convenience with a peaceful, country-like feel, your search just might be over. Welcome to 1321 Kieran Court, tucked away in a private four-home association where quiet mornings and evening walks are part of everyday life. You're just minutes from Petoskey's Gaslight District, the college, and nearby hiking trails, yet you'll feel like you've escaped it all. Inside, you'll find 3 bedrooms, 2.5 bathrooms, a spacious open floor plan, and a desirable main-floor primary suite. Downstairs, the partially finished basement offers endless possibilities with plumbing already in place for an additional bathroom. The sellers have already taken care of many of the big-ticket updates, including a new water softener, new water heater, reverse osmosis water purification system, new toilets and faucets throughout, and a new dryer, giving you peace of mind from day one. Grab your coffee on the covered front porch, fire up the grill on the back deck, and enjoy a home that's as easy to maintain as it is to love. Stop scrolling and start packing... this one just feels like home.

1321 Kieran Ct, Petoskey

$575,000

2 Beds ⋅ 2 Baths ⋅ 480083 MLS

Perched on a hill with sweeping countryside views, this rare 20-acre farm, zoned FF, is tucked into the picturesque Resort Township of Petoskey — just minutes from the charming Gaslight District and close to Walloon Lake. It's a rare blend of country serenity and in-town convenience. Start a vineyard, bring your horses, enjoy farm life and the hilltop light of the dawn and dusk. The property spans 20 rolling acres, including 7 acres of lush pasture shaded by a grand knotty boxelder tree, with 9 acres fully fenced overall. A 28-foot covered deck on the east side overlooks a large meadow framed by maples and pines, while a 28-foot uncovered deck on the south side takes in rolling hayfields and the garden — a perfect spot for stargazing on clear Northern Michigan nights. Built in 2017, the Amish-built home features 17-foot cathedral ceilings with red pine and pine spruce rafters. The open-concept main floor is finished with Bruce hardwood flooring. There are no appliances in the kitchen. The main bathroom offers a large soaker tub and newly installed smart-tile flooring. Needs your TLC, bring it... if you have it! The lower level expands the living space with a possible second kitchen, a bedroom, a full bathroom with a walk-in shower, and a mechanical room with ample storage — ideal for multigenerational living or guest quarters. Outbuildings round out the property's versatility: a 30x40 pole barn, a 10x16 fully insulated and wired, yellow chicken coop. Rustic charm meets modern comfort in this beautifully maintained farm — a rare offering for livestock, agriculture, or simply the acreage lifestyle in one of Northern Michigan's most sought-after locations.

2854 School Road, Petoskey

$599,000

3 Beds ⋅ 2 Baths ⋅ 480019 MLS

Enjoy the perfect blend of privacy, convenience, and Northern Michigan charm in this beautifully maintained 3 bedroom, 2 bath home nestled on a secluded, wooded setting. Surrounded by mature trees and scenic walking trails, you'll feel worlds away while remaining just minutes from Petoskey, Boyne City, Charlevoix, Bay Harbor, and located within the Petoskey School District. Outdoor enthusiasts will love being just one block from Bear Cove Marina and the public boat launch, along with nearby access to Walloon Lake Conservancy property offering opportunities for swimming, kayaking, fishing, and exploring the natural beauty of Walloon Lake. Designed for easy living, the home features maintenance-free siding, a spacious Trex deck perfect for entertaining or relaxing, beautifully landscaped grounds with an underground sprinkler system, and a private fire pit for evenings under the stars. The paved driveway leads to a 2.5-car garage, while an additional storage shed provides plenty of room for all your outdoor gear and toys. Thoughtful updates include a whole-house and garage generator for added peace of mind year-round. With an incredibly private setting where neighbors are out of sight, this property offers the tranquility you've been searching for without sacrificing access to Northern Michigan's premier destinations. Whether you're looking for a year-round residence or a peaceful Up North retreat, this exceptional property offers the ideal combination of comfort, recreation, and location.

8715 Curtis Lane, Petoskey

$519,900

4 Beds ⋅ 2 Baths ⋅ 480003 MLS

Enjoy the space and privacy of this well-maintained 4 bedroom, 2 bath ranch, set on 1.87 wooded acres just minutes from downtown Petoskey. Offering more than 2,000 Sq.Ft. of living space, the home features an open layout filled with natural light, a spacious kitchen with a center island, walk-in pantry, and abundant cabinetry that flows into the dining and living areas—perfect for everyday living and entertaining. The primary suite includes a walk in closet and spacious bathroom with makeup vanity, tile shower, and soaker tub. Three additional bedrooms provide plenty of room for family, guests, or a home office. Step outside to the expansive composite deck overlooking the property where you can relax, enjoy nature, or dine alfresco and your summer days will be spent enjoying the 16' x 32' Intex pool. Car enthusiasts, hobbyists, and entertainers alike will appreciate the impressive 1,200 Sq.Ft. heated, three-bay garage, offering exceptional space for vehicles, projects, storage, or hosting family and friends. A long private driveway, storage shed, and peaceful wooded setting complete the property, creating a quiet retreat with the convenience of nearby shopping, dining, schools, and all that Petoskey has to offer. This is a wonderful opportunity to enjoy Northern Michigan living with room to spread out, both inside and out. This house is priced to sell fast, schedule your private showing today!

3255 Cemetery Road, Petoskey

$530,000

5 Beds ⋅ 2 Baths ⋅ 479985 MLS

Welcome to your next home. Nestled on 15 acres, this beautifully updated 5-bedroom, 1.5-bathroom, 3,000-sq-ft farmhouse seamlessly combines country charm with modern conveniences. With its farmhouse-rooted features and fixtures, this property offers a perfect blend of past and present, making it a truly unique and inviting home. The heart of the home features a generously sized living area, perfect for gatherings or quiet evenings by the fireplace. The open floor plan allows natural light to flood the space, highlighting the hardwood floors and stunning finishes throughout. With 5 spacious bedrooms, this home provides ample space for all. An additional bonus room on the 2nd floor could serve as a nonconforming bedroom, home gym, library, or second living room. Also, attached is a tractor storage or a place to store your ORVs....the possibilities are endless with a space as unique as this. The back 10 acres are privately secluded and the perfect environment for hunting, hiking, and everything that nature has to offer. This farmhouse is more than just a home; it's a lifestyle. Whether you're seeking a peaceful retreat or a place to create lasting memories, this property is sure to exceed your expectations. AI staging was used for a couple of the bedrooms.

2523 Howard Road, Petoskey

$549,900

479980 MLS

Rolling to hilly hardwoods with some red pine plantation. Long country side views with farm views to the west. Existing driveway, septic and drain field. Power and natural gas onsite. Can be purchased with an additional adjoining 33 acres.

5512 Mitchell Road, Petoskey

$525,000

4 Beds ⋅ 2 Baths ⋅ 479974 MLS

Welcome to tranquility. This lovely home, on a serene acre of hemlocks and hard woods, features oversized windows making it feel like a tree house. The home has wood and tile floors, a gas fireplace, updated stainless steel appliances, fresh paint, generator hook ups, a newer high efficiency boiler, and an open floor plan that enhances light, flow and social connection. The lower level can be used as a vacation rental and features 3 additional bedrooms, a full bathroom, family room, a separate exterior entrance, and can be closed off from the main level. Enjoy living in Walloon Lake country, only ½ mile from the township waterfront park, and nestled amongst hundreds of acres of Walloon Lake conservancy land. With 6 wineries and breweries within 4 miles, and town amenities in 5, Hemlock lane is the perfect balance of glorious nature and town accessibility.

2525 Hemlock Lane, Petoskey

$570,000

479927 MLS

Exceptional double storage unit just south of Petoskey, offering 3,968 square feet with two oversized 14’ x 14’ overhead doors for unmatched flexibility. Located in the gated Signature Storage community, this premium unit is ideal for RVs, boats, collector cars, or business storage, with private gated owner access and a beautifully maintained setting. Features include epoxy-coated concrete floors, mini-split cooling, natural gas radiant heat, premium insulation, bright white steel interiors, acoustic ceilings, utility sink with water, window tinting, door water guards, LED lighting, high-speed internet hookup, and multiple RV electrical outlets. These Morton steel buildings are conveniently located just one mile from U.S. 131, with quick access to Walloon Lake, Bay Harbor, downtown Petoskey, restaurants, and shopping. Secure, private, and built to a higher standard. Welcome Home!

600 Eugene Drive Unit 25 & 26, Petoskey

$564,900

4 Beds ⋅ 3 Baths ⋅ 479846 MLS

Welcome to your Northern Michigan retreat, nestled adjacent rolling countryside and just minutes from Petoskey. This spacious 4-bedroom, 2.5-bath home offers the perfect balance of comfort, functionality, and scenic beauty. Step inside to discover a bright, open-concept floor plan designed for both everyday living and effortless entertaining. The expansive living area flows seamlessly into the kitchen and dining spaces, where large windows frame breathtaking countryside views and fill the home with natural light. The generously sized bedrooms provide ample space for family and guests, while the private primary suite features a well-appointed bath and walk-in closet. The spacious lower level offers endless possibilities, whether you're envisioning a family room, recreation area, home gym, or additional living space. Outside, enjoy peaceful mornings with coffee on the deck and unwind in the evening as the sun sets over the surrounding fields. The tranquil setting creates a true sense of escape while remaining conveniently close to all that Petoskey has to offer. Located just minutes from downtown Petoskey, McLaren Hospital, Lake Michigan, the Little Traverse Wheel-way, and some of Northern Michigan's finest dining, shopping, golf, and outdoor recreation, this property combines country living with exceptional small-town convenience. Experience the beauty, space, and lifestyle you've been searching for—your Northern Michigan dream home awaits.

1178 Woodland Dr., Petoskey

$590,000

3 Beds ⋅ 2 Baths ⋅ 479632 MLS

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!

6243 Lake Grove Road, Petoskey

$564,900

2 Beds ⋅ 3 Baths ⋅ 479598 MLS

Prime Live-Work or Income Opportunity with Sweeping Bay Views Discover a rare real estate gem in an exceptional, high-visibility location—situated just steps from McLaren Hospital and right next door to the beloved Johan's Bakery. Zoned B3, this versatile property perfectly blends premium residential living with a stable, turnkey commercial investment. The Residential Highlights: Luxury & Versatility The residential component of this property features two stunning, extensively upgraded 1-bedroom, 1-bathroom apartments that offer incredible flexibility for an owner-occupant or savvy investor: The Upper Unit: Features breathtaking, sweeping views of the bay directly from the living room, kitchen, and private deck. Perfect as a luxury primary residence or a high-end rental. The Main Level Unit: Currently owner-occupied and impeccably maintained, this space has a proven, successful history as both a short-term and long-term rental. Bonus Amenity: Includes a coveted one-stall detached garage. The Commercial Component: Built-In Stability Turnkey Office Space: Features a professional layout with one restroom; with a reliable, long-term lease already in place, providing immediate, steady cash flow to anchor your investment. Excellent Track Record: The entire property boasts a fantastic rental history and sits in a highly sought-after corridor. Please allow up to 24 hours for showing requests. Showings for the office shal be limited to office hours, Monday through Fridays from 9-4.

602 Jackson Street, Petoskey

$500,000

3 Beds ⋅ 3 Baths ⋅ 479478 MLS

Exceptional development opportunity featuring versatile office space paired with comfortable residential living with EC-R2 & COP-R2 zoning for additional opportunity. Perfect for entrepreneurs, investors, or owner-occupants looking to operate a business while enjoying convenience of on-site living. This location offers excellent visibility, flexible layout options, and unlimited opportunities.

1934 E Mitchell Road, Petoskey

$568,000

479391 MLS

Three parcels are combined to make 55 acres of opportunity. Located just outside of Petoskey on the north east side. All three properties are zoned Residential as well as Farm and Forest. With over 1500 feet of frontage on Pickeral lake Rd this property is a great opportunity for development or single use.

4281 Pickeral Lake Road, Petoskey

$564,900

2 Beds ⋅ 2 Baths ⋅ 479351 MLS

Commercial property for sale in an exceptional location, close to McLaren Hospital and next to Johan's Bakery. There are 3 units which include: a professional office space with a long term lease in place, and two stunning, 1 bedroom/1 bath apartments. One is owner occupied, while the other has been used for short and long term rentals.. Both units have been extensively upgraded and updated. The upper unit has sweeping views of the bay from the living room, kitchen and deck. There is a one stall detached garage.The property is Zoned B3 and has a great rental history. Please allow up to 24 hours for showing requests. Showings for the office shall be limited to office hours, Monday through Fridays from 9-4.

602 Jackson Street, Petoskey

$549,900

3 Beds ⋅ 3 Baths ⋅ 479051 MLS

Bright and inviting end-unit lakeside condo offering privacy, space, and easy living. Overlooking the wooded common area, this light-filled home features two generously sized main-floor ensuite bedrooms, convenient first-floor laundry, and a warm living/dining area with a gas fireplace. Step directly from the living/dining space onto a nicely sized deck—perfect for quiet mornings or entertaining guests. The attached garage connects to the interior hallway for effortless year-round access. Upstairs, a spacious loft provides flexible living—ideal for additional sleeping, a home office, or family room—along with a large third bedroom and full bath. Enjoy access to exceptional amenities including private Round Lake frontage, an indoor heated pool, tennis courts, and beautifully maintained grounds. With a history of short-term rentals, this property also offers excellent potential as an income-generating investment.

3440 Lakeside Drive Unit #59, Petoskey

$559,900

4 Beds ⋅ 3 Baths ⋅ 479041 MLS

Beautiful, charming remodeled and updated duplex in the heart of Petoskey! This prime location, just steps from the Gaslight district, shopping, dining, big box stores and all the recreational opportunities of the Bear River path is an investor or home owners dream. Fully updated and renovated in 2016, this property provides separate private entrances for each unit while the upper unit boasts three bedrooms and two full baths along with in-unit laundry. The lower unit's layout affords one bedroom plus a den that could be used as an additional bedroom and one full bathroom with in-unit laundry, plus an open concept kitchen. Off street driveway parking is available along with ample street parking year-round. Excellent multi-family revenue property in downtown Petoskey. Schedule your tour today!

415 Liberty Street, Petoskey

$540,000

6 Beds ⋅ 3 Baths ⋅ 479029 MLS

Welcome to this charming, low-maintenance brick home in a prime Petoskey location! Recently freshened up, this property offers a move-in-ready feel with timeless appeal and modern convenience. The home features a desirable layout along with a bonus apartment above the detached two-car garage, perfect for guests, rental income, or a private workspace. The brick/wood exterior ensures durability and easy upkeep, making it an excellent choice for year-round living or a seasonal retreat. Ideally situated, you’ll enjoy close proximity to all local schools, including the college, as well as easy access to downtown Petoskey’s shopping, dining, and entertainment. This is a rare opportunity to own a versatile property in one of the area’s most sought-after locations!

1101 Kalamazoo St, Petoskey

$559,900

4 Beds ⋅ 3 Baths ⋅ 478857 MLS

Beautiful, charming remodeled and updated duplex in the heart of Petoskey! This prime location, just steps from the Gaslight district, shopping, dining, big box stores and all the recreational opportunities of the Bear River path is an investor or home owners dream. Fully updated and renovated in 2016, this property provides separate private entrances for each unit while the upper unit boasts three bedrooms and two full baths along with in-unit laundry. The lower unit's layout affords one bedroom plus a den that could be used as a bedroom and one full bathroom with in-unit laundry, plus an open concept kitchen. Off street driveway parking is available along with ample street parking year-round. Excellent multi-family revenue property in downtown Petoskey. Schedule your tour today!

415 Liberty Street, Petoskey

$519,000

3 Beds ⋅ 3 Baths ⋅ 478834 MLS

Still scrolling for a home? Well, you may be able to rest your mouse after you fall in love with this cutie! Located on a quiet Cul-De-Sac in the heart of PETOSKEY, this well-maintained 3 bedroom, 2.5 bath ranch offers MAIN-FLOOR comfortable living with a functional layout and desirable features throughout. Beautiful hardwood wood floors throughout add warmth and character to the bedrooms and main living areas, while large windows provide natural light and a welcoming atmosphere. The kitchen space is open to the family room area with plenty of storage and counter space, making everyday living and entertaining convenient. The patio space offers a peaceful outdoor setting—perfect for morning coffee, relaxing evenings, or hosting friends and family. The attached 2.5 car garage is always a welcome amenity to protect those motored assets! The lower level offers excellent additional living space, recreation area, home gym, or storage. Located just minutes from downtown shopping, dining, schools, and the beautiful waterfront along Little Traverse Bay, this home combines quiet neighborhood living with close-to-town convenience. A new roof in 2021, water heater in 2026 and fresh professional coatings of "Sherwin Williams" in February of this year are a few recent upgrades. A short walk to the "Corner Grocer”, nature preserve areas and several petoskey schools! A great opportunity to enjoy the Northern Michigan lifestyle in a highly desirable Petoskey location!

1180 Winnell Court, Petoskey

$525,000

4 Beds ⋅ 3 Baths ⋅ 477643 MLS

A Rare Offering in the Heart of Petoskey. For the first time ever, this timeless brick residence-designed and cherished by the same family since the 1950s is available to the market. Tucked away on quiet Lincoln Place, the property offers a serene backdrop of Bay View woods while placing you within walking distance of schools, Northmen Stadium, athletic fields, and the Winter Sports Park. Downtown Petoskey and the sparkling shore of Little Traverse Bay are just minutes away. Inside you'll find 4 spacious bedrooms, 2.5 baths, a walkout basement, and an attached 2-car garage. This home's solid construction and thoughtful design create a sense of permanence rarely found today. Step outside to a private backyard retreat where memories are waiting to be made whether it's enjoying the treetop views from the elevated deck, gathering for a basketball game on the concrete court, or reviving the charm of a vintage shuffleboard match. This is more than a home; it's an opportunity to own a piece of Petoskey's history in one of it's most convenient and treasured locations.

250 Lincoln Place, Petoskey

Petoskey Properties between $500,000 and $600,000 for Sale

Newest Petoskey Properties between $500,000 and $600,000 for Sale