NOT LISTED FOR SALE

4050 Peninsula Dr Petoskey, MI 49770

Estimated Value: $7,490,916 - $8,096,000

5 Beds
7 Baths
6,408 Sq Ft
$1,230/Sq Ft Est. Value

Last Sold December 14, 2021

Last sale price $5,100,000 $796 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $47,343/month

Highlights

  • 135 Feet of Waterfront
  • Deck
  • Wood Flooring
  • Docks
  • Cathedral Ceiling
  • Main Floor Primary Bedroom

About This Home

As of December 2021

This prestigious Bay Harbor property has panoramic views of Lake Michigan, Bay Harbor Lake, and Michigan's finest sunsets. Featured include 5 bedrooms, 5 full baths and 2 half baths. Enjoy 135' of Lake Michigan and 70' on Bay Harbor Lake with a private permanent dock. Downstairs features a custom built theater room for all your entertainment needs. Walk out from your incredible home to your yacht on the illustrious Bay Harbor Lake to enjoy all of your favorite water activities

Last Agent to Sell the Property

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 12/13/2021

Last Buyer's Agent

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 12/13/2021

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2004

Lot Details

  • 135 Feet of Waterfront
  • Sprinkler System

HOA Fees

  • $500 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 6,408 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Gas Fireplace
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Wood Flooring
  • Water Views
  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main

Parking

  • 4 Car Attached Garage
  • Driveway

Outdoor Features

  • Docks
  • Deck
  • Patio

Utilities

  • Cable TV Available

Community Details

  • Bay Harbor Bh Association

Listing and Financial Details

  • Assessor Parcel Number 52-18-03-375-116

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2004
  • Lvt Date: 12/14/2021
  • Measurement Source: Owner
  • Section: 3
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2004

Interior Features

  • Features: Cable, Cathedral Ceilings, Deck, Dishwasher, Dock, Gas Fireplace, Patio, Paved Drive, Range, Refrigerator, Sprinkler System, Wood Floors
  • Total Finished Sq Ft: 6408
  • Master Bedroom: On Level: Main
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Basement: Full, Finished
  • Dining Room: On Level: Main
  • Kitchen: On Level: Main
  • Family Room: On Level: Lower
  • Living Room: On Level: Main
  • Above Grade Finished Sq Ft: 4200
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 5
  • Full Bathrooms: 5
  • Half Bathrooms: 2
  • Rooms 1: Dimensions: Theater, On Level: Lower
  • Rooms 2: Dimensions: Office, On Level: Main

Exterior Features

  • Construction: Wood Frame/Site Built, Two Story +
  • Lake: Michigan
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 135'/70'
  • 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: Four +

Condo/Co-op/Association

  • Association: Bay Harbor BH
  • Association: Yes
  • Fees: 6000

Lot Info

  • Zoning: Residential

Tax Info

  • Assessor Parcel Number: 52-18-03-375-116

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 13, 2021
Closed on
Dec 14, 2021
Sold by
Davis J Michael
Bought by
Bay Harbor Trust Ii
Seller's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
Buyer's Agent
Patrick Leavy
Kidd & Leavy Real Estate Co. LLC
List Price
$5,100,000
Sold Price
$5,100,000
Current Estimated Value
$7,680,289

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,580,289
Avg. Annual Appreciation
11.14%

Purchase Details

Listed on
Feb 25, 2015
Closed on
Jul 1, 2015
Sold by
Fifth Third Mortgage Company
Bought by
Davis Michael J
Seller's Agent
PAT LEAVY
MLS NON-MEMBER
Buyer's Agent
PAT LEAVY
MLS NON-MEMBER
Sold Price
$2,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.42%

Purchase Details

Closed on
Aug 28, 2014
Sold by
Rust Merle S and Rust Lisa A
Bought by
Fifth Third Mortgage Company

Purchase Details

Closed on
Apr 14, 2002
Sold by
Ryan Kevin and Ryan Debra
Bought by
Rust Merle S and Rust Lisa A

Purchase Details

Closed on
Sep 17, 1999
Sold by
Hilborn Thomas and Hilborn Eileen
Bought by
Ryan Kevin and Ryan Debra

Purchase Details

Closed on
Sep 1, 1994
Sold by
Bay Harbor
Bought by
Hilborn New 94
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Bay Harbor Trust Ii -- --
Davis Michael J $2,400,000 None Available
Fifth Third Mortgage Company $3,000,000 --
Rust Merle S $1,350,000 --
Ryan Kevin $1,100,000 --
Hilborn New 94 -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/14/2021 12/14/21 Sold $5,100,000 0.0% $796 / Sq Ft
12/13/2021 12/13/21 For Sale $5,100,000 +112.5% $796 / Sq Ft
11/24/2021 11/24/21 Pending -- -- --
07/10/2015 07/10/15 Sold $2,400,000 -- $375 / Sq Ft View Prior Sale
06/29/2015 06/29/15 Pending -- -- --
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 $82,583 $2,957,200 $2,957,200 $0
2024 $791 $2,682,200 $2,682,200 $0
2023 $81,358 $2,280,100 $2,280,100 $0
2022 $81,358 $2,332,700 $2,332,700 $0
2021 $82,421 $2,280,300 $2,280,300 $0
2020 $82,633 $2,290,500 $2,290,500 $0
2019 -- $1,935,100 $1,935,100 $0
2018 -- $1,770,500 $1,770,500 $0
2017 -- $1,858,700 $1,858,700 $0
2016 -- $1,842,300 $1,842,300 $0
2015 -- $1,824,900 $0 $0
2014 -- $2,008,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick Leavy

    Seller's Agent in 2021

    Patrick Leavy

    Kidd & Leavy Real Estate Co. LLC

    (231) 881-6639

    182 in this area

    379 Total Sales

    Patrick Leavy
    Section Image

  • P

    Seller's Agent in 2015

    PAT LEAVY

    MLS NON-MEMBER

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Map

Source: Northern Michigan MLS

MLS Number: 467107

Northern Michigan MLS

APN: 52-18-03-375-116

Michigan Emmet County Petoskey 49770

4050 Peninsula Dr, Petoskey, MI

Not Listed for Sale

Detached

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