850 W Bear River Rd Petoskey, MI 49770
Highlights
- Hot Property
- Docks
- Spa
- 387 Feet of Waterfront
- Guest House
- Sauna
About This Home
Welcome to the Jewel on Walloon at 850 W Bear River Road, a breathtaking 14,636-square-foot estate on the serene North Arm of Walloon Lake, masterfully designed by Gary Nance. This gated property blends timeless craftsmanship with modern luxury, featuring reclaimed Douglas fir timbers, Van Tassell granite accents, and sophisticated interiors with custom cabinetry, marble finishes, and state-of-the-art amenities like geothermal heating, Crestron home automation system, a whole-house generator, electronic blinds, and a heated driveway. The estate boasts a chef’s dream kitchen, a 400-bottle temperature controlled wine cellar, an English pub, a golf simulator, craft room, in-home gym with steam shower, in-home theatre, a car lift to store an extra vehicle or boat in the lower level, an 1850 sq.ft attached guest apartment, and an expansive three-season outdoor entertainment space. The 2.27-acre manicured grounds offer 387 feet of pristine Walloon Lake frontage, a grandfathered 2-well boathouse, a gazebo over the water, a guest cabin, and a grand pergola overlooking all of it. With its rich history, stunning design, and proximity to Walloon Lake Village, Walloon Lake Country Club and charming downtown Petoskey, this property is a rare gem offering unparalleled elegance and tranquility. Welcome Home!
Listing Agent
Pat O'Brien & Associates - Boyne City License #6501433194 Listed on: 03/01/2026
Home Details
Home Type
- Single Family
Year Built
- Built in 2018
Lot Details
- 2.27 Acre Lot
- 387 Feet of Waterfront
- Sprinkler System
- Property is zoned RW1
Home Design
- Poured Concrete
- Wood Frame Construction
- Wood Roof
- Metal Roof
Interior Spaces
- 14,636 Sq Ft Home
- 2-Story Property
- Elevator
- Cathedral Ceiling
- Gas Fireplace
- Thermal Windows
- Blinds
- Family Room on Second Floor
- Living Room
- Dining Room
- Lower Floor Utility Room
- Sauna
- Water Views
- Home Security System
Kitchen
- Range
- Dishwasher
- Disposal
Flooring
- Wood
- Radiant Floor
Bedrooms and Bathrooms
- 5 Bedrooms
- Primary Bedroom on Main
- Whirlpool Bathtub
- Steam Shower
Laundry
- Dryer
- Washer
Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 4 Car Attached Garage
- Driveway
Outdoor Features
- Spa
- Docks
- Deck
- Patio
Additional Homes
- Guest House
Utilities
- Central Air
- Geothermal Heating and Cooling
- Heating System Uses Natural Gas
- Well
- Natural Gas Water Heater
- Septic System
Listing and Financial Details
- Assessor Parcel Number 01-19-31-476-006
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 | $75,381 | $5,814,500 | $5,814,500 | $0 |
| 2024 | $716 | $4,827,600 | $4,827,600 | $0 |
| 2023 | $68,722 | $3,997,000 | $3,997,000 | $0 |
| 2022 | $68,722 | $3,747,500 | $3,747,500 | $0 |
| 2021 | $66,480 | $3,573,200 | $3,573,200 | $0 |
| 2020 | $65,261 | $3,324,400 | $3,324,400 | $0 |
| 2019 | -- | $3,166,700 | $3,166,700 | $0 |
| 2018 | -- | $2,631,600 | $2,631,600 | $0 |
| 2017 | -- | $1,399,400 | $1,399,400 | $0 |
| 2016 | -- | $1,061,200 | $1,061,200 | $0 |
| 2015 | -- | $703,300 | $0 | $0 |
| 2014 | -- | $560,900 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/01/2026 03/01/26 | For Sale | $13,995,000 | +550.9% | $956 / Sq Ft | |
| 04/25/2014 04/25/14 | Sold | $2,150,000 | -14.0% | $683 / Sq Ft | View Prior Sale |
| 03/19/2014 03/19/14 | Pending | -- | -- | -- | |
| 09/10/2013 09/10/13 | For Sale | $2,500,000 | -- | $794 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Special Warranty Deed | $1,827,500 | Talon Title Agency | |
| Quit Claim Deed | -- | -- |
Source: Northern Michigan MLS
MLS Number: 478781
APN: 01-19-31-476-006
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