NOT LISTED FOR SALE

7228 Preserve Dr S Petoskey, MI 49770

Estimated Value: $905,000 - $2,100,821

5 Beds
4.5 Baths
5,500 Sq Ft
$264/Sq Ft Est. Value

Last Sold August 01, 2023

Last sale price $1,230,000 $224 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $9,376/month

57 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Lower Floor Utility Room
  • Cathedral Ceiling
  • Main Floor Primary Bedroom
  • 3 Car Attached Garage

About This Home

As of August 2023

Nestled on the greens of the highly sought-after Bay Harbor Preserve golf course, this spacious 5-bedroom, 4 and ½ bathroom home offers unrivaled views of the manicured fairways near the waters of Lake Michigan. The home offers an expansive 5,000 sq. ft. of living space tastefully decorated with custom finishes, giving it a distinct aura of elegance and comfort. Each of the five bedrooms has beautiful views from large windows that let in lots of natural light. The beautiful kitchen is open to the dining and living areas and features, granite countertops, and ample cabinetry. The open-concept living area provides a seamless indoor-outdoor living experience, perfect for entertaining or simply soaking in the exquisite views. Step outside to the spacious deck that overlooks the fourth hole – the perfect spot to enjoy your morning coffee, entertain guests, or watch golfers navigate the tricky par 5. The back yard includes a fire pit, perfect for those cool Michigan evenings. The home is not just in a golfer's paradise but is also a part of the prestigious Bay Harbor community. Amenities include world-class yachting, excellent dining options, boutique shopping, a resort-style spa, private sandy beach, and outdoor activities year-round. During winter, residents can enjoy the pristine ski slopes, or partake in other winter activities like ice-skating and snowshoeing. In the warmer months, the area comes alive with sandy beaches, water sports on Lake Michigan, hiking, biking, and of course, golf. The vibrant towns of Petoskey, Harbor Springs and Charlevoix are just a short drive away, offering an array of fine dining and shopping. For the discerning buyer seeking the epitome of Northern Michigan living, this home offers a one-of-a-kind lifestyle of luxury and leisure. Make this dream home your reality!

Last Agent to Sell the Property

Stephanie Jones

Kidd & Leavy Real Estate Co. LLC Listed on: 06/05/2023

Last Buyer's Agent

Kendie Jacobs

Kidd & Leavy Real Estate Co. LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,820

Lot Details

  • Sprinkler System
  • Property is zoned PUD

HOA Fees

  • $378 Monthly HOA Fees

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 5,500 Sq Ft Home
  • 2-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Family Room
  • Living Room
  • Dining Room
  • Lower Floor Utility Room
  • Wood Flooring
  • Finished Basement
  • Walk-Out Basement

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Driveway

Outdoor Features

  • Deck

Utilities

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

Community Details

  • Bay Harbor Bh Association

Listing and Financial Details

  • Assessor Parcel Number 52-18-07-120-139

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,820

Lot Details

0

HOA Fees

$378 per month

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Lvt Date: 06/05/2023
  • Section: SECTION 7
  • Second Address Number: 7228
  • Directions: Enter through the Bay Harbor Preserve gate, make a left heading west on Preserve Drive south. Home is located on the right.
  • Price per Sq Ft: 223.64
  • OFFICELIST_STATE: MI
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Features: Cable, Cathedral Ceilings, Ceiling Fans, Central Air, Deck, Dishwasher, Dryer, Garbage Disposal, Gas Fireplace, Paved Drive, Range, Refrigerator, Sprinkler System, Washer, Wood Floors, Paved Road
  • Total Finished Sq Ft: 5500
  • Master Bedroom: Dimensions: 17x18, On Level: Main
  • Bedroom 2: On Level: Upper
  • Bedroom 3: On Level: Upper
  • Bedroom 4: On Level: Upper
  • Total Rooms: 10
  • Basement: Walkout, Finished
  • Dining Room: Dimensions: 14x12, On Level: Main
  • Kitchen: Dimensions: 14x12, On Level: Main
  • Family Room: On Level: Main
  • Living Room: Dimensions: 16x22, On Level: Main
  • Above Grade Finished Sq Ft: 5500
  • Bathroom 1: On Level: Main
  • Bathroom 2: On Level: Main
  • Number Of Bedrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Rooms 1: On Level: Lower
  • Rooms 2: On Level: Lower

Exterior Features

  • Construction: Wood Frame/Site Built, Two Story +
  • Roof: Asphalt Shingle
  • Waterfront Water Access: Neither

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Association: Bay Harbor BH
  • Association: Yes
  • Fees: 4541

Schools

  • School District: Petoskey
  • School District: Petoskey

Lot Info

  • Zoning: PUD

Tax Info

  • Assessor Parcel Number: 52-18-07-120-139

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 29, 2023
Sold by
Visconti Sandra F and Visconti Matthew
Bought by
Visconti Nicolas W and Visconti Y
Current Estimated Value
$1,341,594

Purchase Details

Closed on
Oct 6, 2017
Sold by
Panos John C and Panos Dina A
Bought by
Panos John C and Panos Dina A

Purchase Details

Closed on
Mar 20, 2012
Sold by
Wells Richard W and Wells Diane E
Bought by
Wells Richard W and Wells Dianne E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,400
Interest Rate
3.95%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Visconti Nicolas W -- --
Panos John C -- None Available
Wells Richard W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Panos John C $417,650
Previous Owner Panos John C $342,000
Previous Owner Panos John C $380,000
Previous Owner Wells Richard W $390,000
Previous Owner Wells Richard W $279,400
Previous Owner Wells Richard W $330,000
Previous Owner Wells Richard W $337,000
Previous Owner Wells Richard W $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2023 08/01/23 Sold $1,230,000 +2.5% $224 / Sq Ft
06/05/2023 06/05/23 For Sale $1,200,000 +150.0% $218 / Sq Ft
03/01/2017 03/01/17 Sold $480,000 0.0% $132 / Sq Ft
02/01/2017 02/01/17 Pending -- -- --
02/01/2017 02/01/17 For Sale $480,000 -- $132 / Sq Ft
Source: Northern Michigan MLS

Tax History Compared to Growth

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 $19,820 $611,700 $611,700 $0
2024 $19,820 $574,600 $574,600 $0
2023 $10,453 $507,200 $507,200 $0
2022 $10,624 $333,500 $333,500 $0
2021 $10,453 $315,300 $315,300 $0
2020 $10,453 $290,800 $290,800 $0
2019 -- $312,800 $312,800 $0
2018 -- $300,000 $300,000 $0
2017 -- $349,800 $349,800 $0
2016 -- $343,000 $343,000 $0
2015 -- $334,600 $0 $0
2014 -- $194,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 471228

Northern Michigan MLS

APN: 52-18-07-120-139