NOT LISTED FOR SALE

3850 Peninsula Dr Petoskey, MI 49770

Estimated Value: $5,677,825 - $6,158,000

6 Beds
7 Baths
6,786 Sq Ft
$882/Sq Ft Est. Value

Last Sold October 17, 2025

Last sale price $6,150,000 $906 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $34,447/month

Highlights

  • 109 Feet of Waterfront
  • Cathedral Ceiling
  • Lower Floor Utility Room
  • Deck
  • Main Floor Primary Bedroom
  • 3 Car Attached Garage

About This Home

As of October 2025

Welcome to one of Bay Harbor’s most exclusive waterfront residences, ideally situated on the prestigious Peninsula with 109' of private frontage on the crystal-clear shores of Lake Michigan. This exceptional 6-bedroom, 5 full and 2 half-bath home blends timeless elegance with modern comfort, offering over 6,700 square feet of beautifully designed living space. Step inside to an open-concept floor plan perfect for both relaxed family living and sophisticated entertaining. The well-appointed kitchen is a chef’s dream, featuring top-of-the-line appliances, custom cabinetry, a spacious walk-in pantry, and a large center island that seamlessly connects to the dining and living areas. A main-floor office provides a quiet retreat for work or study, while the expansive living room offers stunning lake views and access to serene outdoor spaces. The luxurious main-floor master suite is a true sanctuary, complete with a spa-like bath, generous walk-in closet, and panoramic water views. Upstairs, you’ll find five additional bedrooms and a spacious family room—ideal for guests or multi-generational living. Outdoor living is equally impressive, with meticulously manicured landscaping, multiple seating areas, and unobstructed views of the water. Enjoy al fresco dining, lakeside lounging, and nightly front-row seats to some of the most breathtaking sunsets Michigan has to offer. This rare Peninsula property offers a lifestyle of unparalleled luxury and tranquility in one of Northern Michigan’s most sought-after communities.

Last Agent to Sell the Property

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 10/17/2025

Last Buyer's Agent

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 10/17/2025

Home Details

Home Type

  • Single Family

Lot Details

  • 109 Feet of Waterfront
  • Property is zoned RT PUD-2

HOA Fees

  • $562 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 6,786 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Gas Fireplace
  • Family Room on Second Floor
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Water Views

Kitchen

  • Range
  • Built-In Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Block Basement Construction

Parking

  • 3 Car Attached Garage
  • Driveway

Outdoor Features

  • Deck
  • Patio

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

  • Bay Harbor Bh Association

Listing and Financial Details

  • Assessor Parcel Number 52-18-03-375-126

Home Details

Home Type

Single Family

Lot Details

0 Sq Ft Lot

HOA Fees

$562 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 10/17/2025
  • Section: 3
  • Second Address Number: 3850
  • Directions: Bay Harbor entrance, Main St to Peninsula Dr
  • OFFICELIST_STATE: MI
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Built In Microwave, Cable, Cathedral Ceilings, Central Air, Deck, Dishwasher, Dryer, Garbage Disposal, Gas Fireplace, Patio, Paved Drive, Range, Refrigerator, Washer, Paved Road
  • Total Finished Sq Ft: 6786
  • Master Bedroom: Dimensions: 26x16, On Level: Main
  • Bedroom 2: Dimensions: 17x15, On Level: Upper
  • Bedroom 3: Dimensions: 19x15, On Level: Upper
  • Bedroom 4: Dimensions: 14x12, On Level: Upper
  • Basement: Block, Full
  • Dining Room: Dimensions: 20x28, On Level: Main
  • Kitchen: Dimensions: 17x18, On Level: Main
  • Family Room: Dimensions: 33x30, On Level: Upper
  • Living Room: Dimensions: 26x19, On Level: Main
  • Above Grade Finished Sq Ft: 6786
  • Bathroom 1: Dimensions: 9x22, On Level: Main
  • Bathroom 2: On Level: Upper
  • Number Of Bedrooms: 6
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Rooms 1: Dimensions: bdrm 20x34, On Level: Upper
  • Rooms 2: On Level: Main

Exterior Features

  • Construction: Wood Frame/Site Built, Two Story +
  • Lake: Michigan
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 109
  • Waterfront Water Access: Water Front
  • Water View: Yes
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

  • Garage Carport: Garage-Attached
  • Gar Car Capacity: Three

Utilities

  • Heat Type: Natural Gas, Forced Air
  • Sewer: City
  • Water: City

Condo/Co-op/Association

  • Association: Bay Harbor BH
  • Association: Yes
  • Fees: 6745

Schools

  • School District: Petoskey

Lot Info

  • Zoning: RT PUD-2

Tax Info

  • Assessor Parcel Number: 52-18-03-375-126

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2025
Closed on
Oct 17, 2025
Sold by
Hamilton David L
Bought by
Kingsbarns Michigan Properties Llc
Seller's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
Sold Price
$6,150,000
Views
48
Current Estimated Value
$5,984,275

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$165,725
Avg. Annual Appreciation
-7.94%
Original Mortgage
$4,305,000
Outstanding Balance
$4,136,153
Interest Rate
6.26%
Mortgage Type
New Conventional
Estimated Equity
$1,848,122

Purchase Details

Listed on
Jan 2, 2012
Closed on
Apr 11, 2012
Sold by
Dornbusch Ray and Dornbusch Linda
Bought by
Hamilton David L and Hamilton Cheryl A
Seller's Agent
Logan Ciesielski
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
John Constand
Boyne Realty Resort Sales - Bay Harbor
List Price
$899,000
Sold Price
$784,000
Premium/Discount to List
-$115,000
-12.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.46%

Purchase Details

Closed on
Oct 12, 1998
Bought by
Dornbusch Ray

Purchase Details

Closed on
Nov 1, 1994
Sold by
Bay Harbor
Bought by
F B K Prop New 94 Rps
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kingsbarns Michigan Properties Llc -- Crossroads Title
Hamilton David L $392,630 --
Dornbusch Ray $550,000 --
F B K Prop New 94 Rps $392,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kingsbarns Michigan Properties Llc $4,305,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/17/2025 10/17/25 Sold $6,150,000 +684.4% $906 / Sq Ft
04/12/2012 04/12/12 Sold $784,000 -12.8% -- View Prior Sale
04/01/2012 04/01/12 Pending -- -- --
01/02/2012 01/02/12 For Sale $899,000 -- --
Source: Northern Michigan MLS

Tax History

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 $37,804 $1,473,100 $1,473,100 $0
2024 $362 $1,346,600 $1,346,600 $0
2023 $34,670 $1,145,400 $1,145,400 $0
2022 $34,670 $1,027,500 $1,027,500 $0
2021 $33,742 $995,800 $995,800 $0
2020 $34,112 $1,006,500 $1,006,500 $0
2019 -- $1,005,900 $1,005,900 $0
2018 -- $909,500 $909,500 $0
2017 -- $962,400 $962,400 $0
2016 -- $952,500 $952,500 $0
2015 -- $940,400 $0 $0
2014 -- $1,026,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick Leavy

    Seller's Agent in 2025

    Patrick Leavy

    Kidd & Leavy Real Estate Co. LLC

    (231) 881-6639

    181 in this area

    377 Total Sales

    Patrick Leavy
    Section Image
  • Logan Ciesielski

    Seller's Agent in 2012

    Logan Ciesielski

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-0094

    36 in this area

    56 Total Sales

    Logan Ciesielski
    Section Image

  • J

    Buyer's Agent in 2012

    John Constand

    Boyne Realty Resort Sales - Bay Harbor

See All Agents

Map

Source: Northern Michigan MLS

MLS Number: 478028

Northern Michigan MLS

APN: 52-18-03-375-126

Michigan Emmet County Petoskey 49770

3850 Peninsula Dr, Petoskey, MI

Not Listed for Sale

Detached

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northern Michigan MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes
Your Personal Tour Guide

Ask me questions while you tour the home.