4050 Peninsula Dr Petoskey, MI 49770
Estimated payment $46,716/month
Highlights
- Very Popular Property
- Docks
- Deck
- 135 Feet of Waterfront
- Viking Appliances
- Cathedral Ceiling
About This Home
Nestled in Bay Harbor’s most prestigious community, this exceptional home is the pinnacle of lakeside luxury living and offers 135’ of private frontage on Lake Michigan and 70’ of prime waterfront on Bay Harbor Lake. Inside is an expansive living room with cathedral ceilings, floor-to-ceiling windows, a stone fireplace, and beautiful hardwood floors throughout. The chef’s kitchen features custom cabinetry, granite countertops, and top-of-the-line Viking and Miele appliances. A large island provides ample space for meal preparation and casual gatherings while the adjacent butler’s pantry ensures seamless entertaining. The formal dining room is an elegant setting for hosting dinner parties and special occasions. The luxurious master suite is complete with its own fireplace and private deck overlooking Lake Michigan, and the bath features a tile shower and a deep soaker tub. Upstairs, three additional ensuite bedrooms offer privacy and comfort for family and guests. The lower level is designed for recreation with a cozy family room and a dedicated theater room, ideal for family movie nights. The beautifully landscaped grounds offer the perfect setting for outdoor living with a spacious stone patio, the perfect spot to entertain and take in the renowned Northern Michigan sunsets. Recent updates include new lighting, 3 new furnaces, water heater, updates in bathrooms, paint throughout most of the interior, new furniture from Quiet Moose, and more. This estate also includes a permanent private dock on Bay Harbor Lake, offering easy access to the water. Just a short GEM ride to the Village, enjoy exceptional dining, entertainment at the Great Lakes Center for the Arts, or browse upscale boutiques. With thoughtful design and an array of luxurious amenities, this waterfront masterpiece is the ultimate in luxury lakeside living.
Home Details
Home Type
- Single Family
Year Built
- Built in 2004
Lot Details
- 135 Feet of Waterfront
- Sprinkler System
HOA Fees
- $562 Monthly HOA Fees
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
Interior Spaces
- 8,387 Sq Ft Home
- 2-Story Property
- Cathedral Ceiling
- Ceiling Fan
- Gas Fireplace
- Family Room on Second Floor
- Living Room
- Dining Room
- Lower Floor Utility Room
- Wood Flooring
- Water Views
- Finished Basement
- Basement Fills Entire Space Under The House
Kitchen
- Butlers Pantry
- Range
- Built-In Microwave
- Dishwasher
- Viking Appliances
- Disposal
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
Laundry
- Dryer
- Washer
Parking
- 4 Car Attached Garage
- Driveway
Outdoor Features
- Docks
- 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 52-18-03-375-116
Map
Home Values in the Area
Average Home Value in this Area
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 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/25/2026 05/25/26 | For Sale | $7,399,999 | +45.1% | $882 / Sq Ft | |
| 12/14/2021 12/14/21 | Sold | $5,100,000 | 0.0% | $796 / Sq Ft | View Prior Sale |
| 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 | -- | -- | -- |
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 |
|---|---|---|---|
| Warranty Deed | -- | -- | |
| Warranty Deed | $2,400,000 | None Available | |
| Warranty Deed | $3,000,000 | -- | |
| Warranty Deed | $1,350,000 | -- | |
| Warranty Deed | $1,100,000 | -- | |
| Warranty Deed | -- | -- |
Source: Northern Michigan MLS
MLS Number: 479492
APN: 52-18-03-375-116
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Ask me questions while you tour the home.