$2,555,000

3135 Depew Rd Petoskey, MI 49770

Estimated payment $14,211/month

4 Beds
3 Baths
3,981 Sq Ft
$642 Price per Sq Ft

Highlights

  • Water Views
  • 18.89 Acre Lot
  • Cathedral Ceiling
  • Spa
  • Deck
  • Wood Flooring

About This Home

Unparalleled home and property tucked between the North and West Arms of Walloon Lake that provides a little something for everyone. The main home and two adjacent parcels total 18.89 acres are being offered with this listing, but there's also a guest house, and outbuilding currently used as a woodworking shop on 4.55 acres that is a separate listing, (MLS 479946) that could be purchased, making this a multi-generational oasis with two meticulously crafted homes on over 23.44 acres of some of the most picturesque property Michigan has to offer. With two boat launches within minutes of the property, getting out onto Walloon Lake is easy, and Petoskey is just 10 minutes away. However, the privacy you feel at this estate evokes a feeling that it's just you and nature, as no other homes are visible, except a few homes on the opposite side of the West Arm in the background of your water views of Wallon Lake. So, what do you get with 3135 Depew Rd? To start, there is the recently updated 4-bedroom 3-bath main house across 2 parcels, including lush deer-proof gardens, a greenhouse, and a brand-new studio/office tucked behind the house with heat/air and Wi-Fi. There are paths to traverse the property, meandering to a 3rd included parcel that fronts 1000-plus feet of Lake Grove Road, offering spring-fed ponds, a picturesque stream, a fruit orchard, deer blinds, and a beautiful mix of pines and deciduous trees that are spectacular to observe in all 4 distinct Northern Michigan Seasons. As for maintenance, the home and property are meticulously cared for and loved by the current owners. Everything has been updated from the roof to the mechanicals to the expansive Tigerwood decking that frames the home against the lush plantings and hardscape that lead you to your own personal park. So, if you are searching for simple relaxation or for kids/adults to recreate in the heart of Northern Michigan fun, 3135 Depew is waiting for you. Call for a private tour and more details.

Listing Agent

Michael MacCarthy

Gaslight Group Properties Listed on: 06/29/2026

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1991

Lot Details

  • 18.89 Acre Lot
  • Lot Dimensions are 1075 x 950
  • Creek or Stream
  • Sprinkler System
  • Property is zoned Resort - FF

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3,981 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Wood Frame Window
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Wood Flooring
  • Water Views

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 4 Car Attached Garage
  • Driveway

Outdoor Features

  • Spa
  • Deck
  • Patio
  • Shed

Utilities

  • Hot Water Baseboard Heater
  • Heating System Uses Natural Gas
  • Well
  • Natural Gas Water Heater
  • Septic System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number Mulitple

Home Details

Home Type

Single Family

Year Built

Built in 1991

Lot Details

18.89 Acres

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Type 2: 555
  • Estimated Year Built: 1991
  • Lvt Date: 06/29/2026
  • Section: 35
  • Second Address Number: 3135
  • Directions: From the junction of US 31 and 131 in Petoskey, travel west on US 31 one mile to Resort Pike Road. Left on Resort Pike, 7 miles to Depew Road. Right on Depew, 1/2 mile to property on the left.
  • OFFICELIST_STATE: MI
  • Street Designation: Road
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 1991

Interior Features

  • Features: Cable, Cathedral Ceilings, Ceiling Fans, Deck, Dishwasher, Dryer, Garbage Disposal, Gas Fireplace, Hot Tub, Patio, Paved Drive, Range, Refrigerator, Sprinkler System, Washer, Whirl Pool, Wood Fireplace, Wood Floors, Stream/Creek, Paved Road, Standby Generator
  • Total Finished Sq Ft: 3981
  • Master Bedroom: Dimensions: 20' 8" x 25' 10", On Level: Main
  • Bedroom 2: Dimensions: 16' 2 x 11' 8", On Level: Main
  • Bedroom 3: Dimensions: 12' 2" x 11'8", On Level: Main
  • Bedroom 4: Dimensions: 12' x 11' 8", On Level: Main
  • Basement: Full, Walkout, Finished
  • Dining Room: Dimensions: 9' x 12', On Level: Main
  • Kitchen: Dimensions: 24' 5" x 11' 5", On Level: Main
  • Family Room: Dimensions: 27' 10" x 22' 1", On Level: Lower
  • Living Room: Dimensions: 19' 7" x 20' 5", On Level: Main
  • Above Grade Finished Sq Ft: 2680
  • Bathroom 1: Dimensions: 11' 3" x 18' 10", On Level: Main
  • Bathroom 2: Dimensions: 6' 11" x 11' 4", On Level: Lower
  • Number Of Bedrooms: 4
  • Full Bathrooms: 3
  • Rooms 1: Dimensions: Mudroom, On Level: N/A
  • Rooms 2: Dimensions: Exercise room, On Level: N/A
  • Windows: Wood Sash

Exterior Features

  • Construction: Wood Frame/Site Built
  • Lake: Walloon
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither
  • Water View: Yes

Garage/Parking

  • Garage Carport: Garage-Attached
  • Gar Car Capacity: Four +

Utilities

  • Heat Type: Natural Gas, Hot Water Baseboard
  • Sewer: Septic
  • Water: Well
  • Water Heater: Natural Gas

Schools

  • School District: Petoskey

Lot Info

  • Estimated Lot Dimensions: 1075 x 950
  • Estimated Number of Acres: 18.89
  • Lot: Y
  • Zoning: Resort - FF

Tax Info

  • Assessor Parcel Number: Mulitple

Map

Range of Values:

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Value Increase
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Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,936 $359,200 $359,200 $0
2024 $22 $319,200 $319,200 $0
2023 $4,496 $310,200 $310,200 $0
2022 $4,496 $270,100 $270,100 $0
2021 $4,327 $248,300 $248,300 $0
2020 $4,259 $219,700 $219,700 $0
2019 -- $215,100 $215,100 $0
2018 -- $176,600 $176,600 $0
2017 -- $175,900 $175,900 $0
2016 -- $165,500 $165,500 $0
2015 -- $146,400 $0 $0
2014 -- $123,100 $0 $0
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2026 06/29/26 For Sale $2,555,000 +318.9% $642 / Sq Ft
07/22/2016 07/22/16 Sold $610,000 -6.1% $153 / Sq Ft View Prior Sale
06/01/2016 06/01/16 Pending -- -- --
03/23/2016 03/23/16 For Sale $649,900 -- $163 / Sq Ft
Source: Northern Michigan MLS

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- Attorneys Title Agency
Warranty Deed -- Attorney
Deed $58,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Loan Amount Loan Type
Open $610,000 Purchase Money Mortgage
Source: Public Records

Source: Northern Michigan MLS

MLS Number: 479947

Northern Michigan MLS

APN: 13-18-35-400-001

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