NOT LISTED FOR SALE

3950 Peninsula Dr Petoskey, MI 49770

Estimated Value: $5,688,403 - $6,582,000

7 Beds
9 Baths
14,107 Sq Ft
$436/Sq Ft Est. Value

Last Sold June 30, 2022

Last sale price $5,425,000 $385 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $43,468/month

40 Days on Market

Highlights

  • 130 Feet of Waterfront
  • Cathedral Ceiling
  • Thermal Windows
  • Radiant Floor
  • Main Floor Primary Bedroom
  • 3 Car Attached Garage

About This Home

As of June 2022

Elegance and luxury speak volumes in this custom 7 bedroom, 7 bathroom & 2 half baths, 3 car garage and 14,107 sq ft estate sitting on 130’ of Lake Michigan frontage in the gated Peninsula at Bay Harbor . Built in 2004, this property has been impeccably maintained by the owner and serviced on a year round basis. Upgrades include new flooring in master bedroom & upstairs, added a home theatre by American Home Technologies. New Lake Michigan seawall and sandy beach in front of house for summer entertaining with a new fire-pit. Upper exposed decks have been rebuilt with Fieldstone and Blue Stone surface. This storybook offering, designed by exterior architect Dan Gorman and interior architect Bob Shearer and built by KaneConstruction, features luxury living indoors and out and represents the esscense of Bay Harbor living.

Last Agent to Sell the Property

John Russell

Kidd & Leavy Real Estate Co. LLC Listed on: 05/11/2022

Last Buyer's Agent

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • Lot Dimensions are 130'x176'
  • 130 Feet of Waterfront
  • Property is zoned 401 Residential Approve

HOA Fees

  • $443 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Wood Roof

Interior Spaces

  • 14,107 Sq Ft Home
  • Elevator
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Thermal Windows
  • Insulated Windows
  • Blinds
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • Second Floor Utility Room
  • Radiant Floor
  • Water Views
  • Finished Basement
  • Walk-Out Basement
  • Home Security System

Kitchen

  • Range
  • Dishwasher
  • Trash Compactor
  • Disposal

Bedrooms and Bathrooms

  • 7 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Driveway

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Water Heater
  • Cable TV Available

Community Details

  • Bay Harbor Bh Association

Listing and Financial Details

  • Assessor Parcel Number 52-18-03-3

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0

HOA Fees

$443 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2004
  • Lvt Date: 05/13/2022
  • Measurement Source: Builder
  • Personal Prop Inc: y
  • Section: 3
  • Survey: Y
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2004

Interior Features

  • Features: Cable, Cathedral Ceilings, Ceiling Fans, Central Air, Dishwasher, Dryer, Garbage Disposal, Gas Fireplace, Mini Blinds, Patio, Paved Drive, Range, Refrigerator, Trash Compactor, Washer, Wood Fireplace, Security System, Elevator
  • Total Finished Sq Ft: 14107
  • Master Bedroom: Dimensions: 19.8'X16', On Level: Main
  • Bedroom 2: Dimensions: 16.1'X14.1', On Level: Upper
  • Bedroom 3: Dimensions: 18'X18', On Level: Upper
  • Bedroom 4: Dimensions: 14'X23', On Level: Upper
  • Basement: Walkout, Finished
  • Dining Room: Dimensions: Included in kitchen, On Level: Main
  • Kitchen: Dimensions: 19.8'X23', On Level: Main
  • Family Room: Dimensions: 20'X25', On Level: Lower
  • Living Room: Dimensions: 23.6'X25.6', On Level: Main
  • Above Grade Finished Sq Ft: 10288
  • Bathroom 1: Dimensions: 9'X12', On Level: Upper
  • Bathroom 2: Dimensions: 12'X7', On Level: Upper
  • Number Of Bedrooms: 7
  • Full Bathrooms: 7
  • Half Bathrooms: 2
  • Rooms 1: Dimensions: 8'X8', On Level: Upper
  • Rooms 2: Dimensions: 7'X7', On Level: Main
  • Windows: Thermo, Insulated

Exterior Features

  • Construction: Wood Frame/Site Built
  • Lake: Michigan
  • Roof: Wood Shake
  • Waterfront Frontage: 130
  • Waterfront Water Access: Water Front
  • Water View: Y
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

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

Utilities

  • Heat Type: Natural Gas, In Floor Heating
  • Sewer: City
  • Water: City
  • Water Heater: Natural Gas

Condo/Co-op/Association

  • Association: Bay Harbor BH
  • Association: Yes
  • Fees: 5320

Lot Info

  • Estimated Lot Dimensions: 130'X176'
  • Lot: Y
  • Zoning: 401 Residential Approve

Tax Info

  • Assessor Parcel Number: 52-18-03-3

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2002
Sold by
Clark Clark J J and Clark Pamela E
Bought by
Pearce Harry J and Pearce Katherine B
Current Estimated Value
$6,278,730

Purchase Details

Closed on
Jul 24, 1998
Bought by
Clark Clark J and Clark Pamela E

Purchase Details

Closed on
Jan 1, 1997
Bought by
Bay Harbor

Purchase Details

Closed on
Oct 1, 1994
Sold by
Bay Harbor Cash
Bought by
Bodenstab New 94 Rps
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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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
Pearce Harry J $900,000 --
Clark Clark J $567,500 --
Bay Harbor -- --
Bodenstab New 94 Rps $510,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/30/2022 06/30/22 Sold $5,425,000 -13.2% $385 / Sq Ft
05/11/2022 05/11/22 For Sale $6,250,000 +9.6% $443 / Sq Ft
02/21/2017 02/21/17 Sold $5,700,000 -17.4% $404 / Sq Ft View Prior Sale
10/17/2016 10/17/16 Pending -- -- --
05/02/2016 05/02/16 For Sale $6,900,000 -- $489 / Sq Ft
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 $124,266 $2,658,900 $2,658,900 $0
2024 $1,184 $2,447,200 $2,447,200 $0
2023 $80,299 $2,246,800 $2,246,800 $0
2022 $80,299 $1,968,700 $1,968,700 $0
2021 $78,007 $1,905,400 $1,905,400 $0
2020 $78,207 $1,911,500 $1,911,500 $0
2019 -- $1,557,600 $1,557,600 $0
2018 -- $1,389,400 $1,389,400 $0
2017 -- $1,500,600 $1,500,600 $0
2016 -- $1,480,000 $1,480,000 $0
2015 -- $1,460,700 $0 $0
2014 -- $1,696,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Russell

    Seller's Agent in 2022

    John Russell

    Kidd & Leavy Real Estate Co. LLC

    (231) 838-4667

    9 in this area

    67 Total Sales

    John Russell
    Section Image
  • Patrick Leavy

    Buyer's Agent in 2022

    Patrick Leavy

    Kidd & Leavy Real Estate Co. LLC

    (231) 881-6639

    182 in this area

    379 Total Sales

    Patrick Leavy
    Section Image
  • Brad Rellinger

    Seller's Agent in 2017

    Brad Rellinger

    Harbor Sothebys International Realty

    (231) 838-6055

    63 in this area

    92 Total Sales

    Brad Rellinger
    Section Image
  • Chris Etienne

    Seller Co-Listing Agent in 2017

    Chris Etienne

    Harbor Sothebys International Realty

    (231) 439-2031

    89 in this area

    128 Total Sales

    Chris Etienne
    Section Image
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Map

Source: Northern Michigan MLS

MLS Number: 468176

Northern Michigan MLS

APN: 52-18-03-375-121

Michigan Emmet County Petoskey 49770

3950 Peninsula Dr, Petoskey, MI

Not Listed for Sale

Detached

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