$7,399,999

4050 Peninsula Dr Petoskey, MI 49770

Estimated payment $46,716/month

Total Views 2,929
5 Beds
7 Baths
8,387 Sq Ft
$882 Price per Sq Ft

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.

Listing Agent

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC Listed on: 05/25/2026

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

Home Details

Home Type

Single Family

Year Built

Built in 2004

Lot Details

0 Sq Ft Lot

HOA Fees

$562 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2004
  • Lvt Date: 05/25/2026
  • Section: 3
  • Second Address Number: 4050
  • Directions: US 31 to Bay Harbor main entrance
  • OFFICELIST_STATE: MI
  • Street Designation: Drive
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2004

Interior Features

  • Features: Built In Microwave, Cable, Cathedral Ceilings, Ceiling Fans, Central Air, Deck, Dishwasher, Dock, Dryer, Garbage Disposal, Gas Fireplace, Patio, Paved Drive, Range, Refrigerator, Sprinkler System, Washer, Wood Floors
  • Total Finished Sq Ft: 8387
  • Master Bedroom: Dimensions: 19x21, On Level: Main
  • Bedroom 2: Dimensions: 16x20, On Level: Upper
  • Bedroom 3: Dimensions: 17x19, On Level: Upper
  • Bedroom 4: Dimensions: 16x16, On Level: Upper
  • Basement: Full, Finished
  • Dining Room: Dimensions: 13x17, On Level: Main
  • Kitchen: Dimensions: 23x29, On Level: Main
  • Family Room: Dimensions: 30x14, On Level: Upper
  • Living Room: Dimensions: 25x24, On Level: Main
  • Above Grade Finished Sq Ft: 5958
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 3
  • Rooms 1: Dimensions: Theater 16x27, On Level: Lower
  • Rooms 2: Dimensions: Office 13x17, 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: Yes
  • Wf Wa Ownership Type: Deeded and Private Ownership

Garage/Parking

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

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: Residential

Tax Info

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

Map

Range of Values:

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Value Increase
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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

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 -- -- --
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
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: Public Records

Source: Northern Michigan MLS

MLS Number: 479492

Northern Michigan MLS

APN: 52-18-03-375-116

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