NOT LISTED FOR SALE

8262 Bear Cove Ln Petoskey, MI 49770

Petoskey Area

Estimated Value: $3,599,292

4 Beds
2.5 Baths
3,750 Sq Ft
$960/Sq Ft Est. Value

Sale Details

Date Sold: January 15, 2025

Last sale price $3,450,000 $920 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $20,955 / mo

94 Days on Market

Highlights

  • 148 Feet of Waterfront
  • Deck
  • Cathedral Ceiling
  • Docks
  • Radiant Floor
  • Main Floor Primary Bedroom

About This Home

As of January 2025

The ultimate in privacy and luxury from this outstanding year-round home on the calm western shore of Walloon Lake’s West Arm is available for the first time and with almost immediate occupancy. Whether taking in the vistas from nearly every room in the house or the unique outdoor spaces around the residence the feeling of being completely alone with the lake will strike you immediately. That feeling is also conveyed at the dock with 150 feet of pristine hard-packed sand frontage and freedom from your neighbors’ making this home and 1.388-acre parcel the special place you’ve dreamed about to create family memories in an unparalleled setting. With 3750 square feet of open concept living space, this home was perfectly designed to flow with the natural landscape by famed local architect Nick White, and the build was meticulously executed by local craftsman Jim Matthews, it's quintessential Walloon but with a modern floor plan designed for today's needs with a sophisticated appeal that is ready for the next owner’s personal touches. A vast majority of the property along Bear Cove Lane has been in the same family since 1947 and when the current owners decided it was time to build, they chose the cream of the crop parcel to construct their retirement home in 2003. Just some of the custom features of this 4-bedroom 2.5 bath lakeside beauty include: heated sidewalks, 683 feet of heated garage space, irrigation for the mature plantings, a relaxing three seasons room, ample deck and hardscape areas with meandering pathways, custom woodwork, dual main floor offices/studies, one real fireplace, one gas fireplace, exceptional woodwork, lower-level walkout, and room to reconfigure to fit your family's needs. So come be a part of Walloon’s West Arm which is close to both Petoskey and Bay Harbor but also in the area that allows easy access to Charlevoix and Boyne City, the location is perfect, the house is stunning, and the site could not be more ideal.

Last Agent to Sell the Property

Michael MacCarthy

Gaslight Group Properties Listed on: 10/13/2024

Last Buyer's Agent

Patrick Leavy

Kidd & Leavy Real Estate Co. LLC

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Home Details

Home Type

  • Single Family

Year Built

  • Built in 2003

Lot Details

  • 1.38 Acre Lot
  • 148 Feet of Waterfront
  • Sprinkler System
  • Property is zoned Residential-Improved

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 3,750 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Gas Fireplace
  • Wood Frame Window
  • Family Room Downstairs
  • Living Room
  • Dining Room
  • First Floor Utility Room
  • Water Views

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Radiant Floor

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main

Laundry

  • Dryer
  • Washer

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Attached Garage
  • Driveway

Outdoor Features

  • Docks
  • Deck
  • Patio

Utilities

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

Community Details

  • Snowmobile Trail

Listing and Financial Details

  • Assessor Parcel Number 001-121-040-40

Home Details

Home Type

Single Family

Year Built

Built in 2003

Lot Details

1.38 Acres

Listing Details

  • Class: RESIDENTIAL
  • Type: Residential
  • Estimated Year Built: 2003
  • Lvt Date: 10/13/2024
  • Section: 21
  • Survey: y
  • Second Address Number: 8262
  • Directions: Follow US-31 South beyond Bay Harbor and turn left on Camp Daggett Road. Turn left on St. Louis Club Rd and right on Bear Cove Lane Property is all the way at the end of Bear Cove Lane.
  • OFFICELIST_STATE: MI
  • Street Designation: Lane
  • Special Features: None
  • Property Sub Type: Detached
  • Year Built: 2003

Interior Features

  • Features: Cable, Cathedral Ceilings, Ceiling Fans, Central Air, Deck, Dishwasher, Dock, Dryer, Garbage Disposal, Gas Fireplace, Patio, Paved Drive, Range, Refrigerator, Sprinkler System, Washer, Wood Fireplace, Wood Floors, Near Snowmobile Trails, Paved Road
  • Total Finished Sq Ft: 3750
  • Master Bedroom: Dimensions: 18' 8" x 15' 3', On Level: Main
  • Bedroom 2: Dimensions: 13' 10" x 16' 10", On Level: Lower
  • Bedroom 3: Dimensions: 12' x 16' 10", On Level: Lower
  • Bedroom 4: Dimensions: 16' 2" x 12' 8", On Level: Lower
  • Basement: Full, Walkout, Finished
  • Dining Room: Dimensions: 29' 1" x 29' 1", On Level: Main
  • Kitchen: Dimensions: 29' 1" x 29' 1", On Level: Main
  • Family Room: Dimensions: 42' 2" x 24, On Level: Lower
  • Living Room: Dimensions: 19' 8" x 24' 11", On Level: Main
  • Above Grade Finished Sq Ft: 2557
  • Bathroom 1: On Level: Main
  • Bathroom 2: Dimensions: 12' 11" x 11' 8", On Level: Main
  • Number Of Bedrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Rooms 1: Dimensions: 12' 0 x 14' 4", On Level: Main
  • Rooms 2: Dimensions: 7' 10" x 9' 1", On Level: Main
  • Windows: Wood Sash

Exterior Features

  • Construction: Wood Frame/Site Built
  • Lake: Walloon
  • Roof: Asphalt Shingle
  • Waterfront Frontage: 147.72
  • 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: Two and Half

Utilities

  • Heat Type: Natural Gas, Forced Air, In Floor Heating
  • Sewer: Septic
  • Water: Well

Schools

  • School District: Boyne City

Lot Info

  • Estimated Number of Acres: 1.38
  • Zoning: Residential-Improved

Tax Info

  • Assessor Parcel Number: 001-121-040-40

Property 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 Event Price List to Sale Price per Sq Ft
01/15/2025 01/15/25 Sold $3,450,000 -11.5% $920 / Sq Ft
10/13/2024 10/13/24 For Sale $3,900,000 -- $1,040 / Sq Ft
Source: Northern Michigan MLS

Tax 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.

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
2026 $14,065 $1,714,700 $0 $0
2025 $13,736 $1,667,400 $0 $0
2024 $6,055 $1,269,800 $0 $0
2023 $5,766 $1,029,500 $0 $0
2022 $5,492 $800,300 $0 $0
2021 $11,951 $779,400 $0 $0
2020 $12,093 $761,300 $0 $0
2019 $11,711 $749,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northern Michigan MLS

MLS Number: 475142

Northern Michigan MLS

APN: 00112104040

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