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Walloon Homes for Sale

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Build your dream retreat on Walloon Lake! This exceptional lot sits on the peaceful North Arm, facing east with stunning sunrise views directly across from Walloon Lake Country Club. Enjoy a sandy bottom and easy shoreline access — perfect for swimming, kayaking, and water skiing. Boat dock included. The building site offers rare privacy, bordered on the west and south by Nature Conservancy woods, ensuring your surroundings stay natural and serene. A rock retaining wall along both the shoreline and road is already in place, giving you a head start on your build. Just 12 minutes by boat to the Village and 12 minutes by car to downtown Petoskey — convenience without sacrificing seclusion. Step outside to world-class road biking, hiking, and snowshoe trails. Four Seasons of pure Michigan fun starts now!

6184 Indian Garden Road, Petoskey

4 Beds ⋅ 3 Baths ⋅ 479947 MLS

Unparalleled home and property tucked between the North and West Arms of Walloon Lake that provides a little something for everyone. The main home and two adjacent parcels total 18.89 acres are being offered with this listing, but there's also a guest house, and outbuilding currently used as a woodworking shop on 4.55 acres that is a separate listing, (MLS 479946) that could be purchased, making this a multi-generational oasis with two meticulously crafted homes on over 23.44 acres of some of the most picturesque property Michigan has to offer. With two boat launches within minutes of the property, getting out onto Walloon Lake is easy, and Petoskey is just 10 minutes away. However, the privacy you feel at this estate evokes a feeling that it's just you and nature, as no other homes are visible, except a few homes on the opposite side of the West Arm in the background of your water views of Wallon Lake. So, what do you get with 3135 Depew Rd? To start, there is the recently updated 4-bedroom 3-bath main house across 2 parcels, including lush deer-proof gardens, a greenhouse, and a brand-new studio/office tucked behind the house with heat/air and Wi-Fi. There are paths to traverse the property, meandering to a 3rd included parcel that fronts 1000-plus feet of Lake Grove Road, offering spring-fed ponds, a picturesque stream, a fruit orchard, deer blinds, and a beautiful mix of pines and deciduous trees that are spectacular to observe in all 4 distinct Northern Michigan Seasons. As for maintenance, the home and property are meticulously cared for and loved by the current owners. Everything has been updated from the roof to the mechanicals to the expansive Tigerwood decking that frames the home against the lush plantings and hardscape that lead you to your own personal park. So, if you are searching for simple relaxation or for kids/adults to recreate in the heart of Northern Michigan fun, 3135 Depew is waiting for you. Call for a private tour and more details.

3135 Depew Road, Petoskey

3 Beds ⋅ 2 Baths ⋅ 479940 MLS

Located on Walloon Lakes' West arm, this property offers approximately 62' of clear sandy frontage. A highly desired and sought-after area of the lake, with its serene setting and proximity to Bay Harbor & Boyne City. The home includes approximately 1,393 sq ft and features 3 bedrooms and 2 baths, a fireplace, and large windows. This home is complemented by a newly added full-width covered deck that provides a stunning waterfront view perfect for outdoor gatherings. The flat lawn extends directly to the water and dock, creating an ideal lakeside setting, and the property features an attractive footprint with potential for future expansion, making it a perfect lakeside retreat. More pictures and aerial photos will be updated and added in 7 days.

8630 Curtis Lane, Petoskey

3 Beds ⋅ 2 Baths ⋅ 479632 MLS

Charming Walloon Peninsula Fixer-Upper with Protected Privacy & Seasonal Lake Views! 3 BR / 2 BA | 1,355 SQ FT | Two-Story | 2-Car Detached Garage Nestled into the serene hillside of a rolling and heavily wooded lot on the coveted southern point of the Walloon Peninsula, this two-story home offers an unparalleled opportunity to create your dream Northern Michigan retreat. Located directly across the street from Walloon Lake, you'll enjoy a private, tree-lined sanctuary that opens up to beautiful seasonal lake views as the autumn and winter months roll in. Privacy here is unmatched—your rolling, heavily forested property directly abuts 260 pristine acres of Resort Township and protected conservancy land, ensuring your majestic wooded backdrop remains beautifully wild, private, and permanently untouched. The home itself boasts excellent, solid bones and a fantastic structural layout, providing the perfect canvas for a custom renovation. Inside, you'll find 1,355 square feet of living space featuring 3 bedrooms and 2 bathrooms, complemented by a spacious 2-car detached garage with plenty of room for your boat, water toys, and storage. The property requires extensive updating and restoration throughout, making it an ideal investment project or an incredible opportunity to build significant equity in a highly desirable, premium neighborhood. Due to the extent of updates required, this property will not qualify for conventional financing. Sold strictly as-is. Cash or portfolio loans only. Don't miss out on the rare chance to own a piece of the Walloon Peninsula, backed by hundreds of acres of protected nature, at an incredibly accessible price point. Schedule your showing today and unlock this property's true potential!

6243 Lake Grove Road, Petoskey

5 Beds ⋅ 7 Baths ⋅ 478781 MLS

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!

850 W Bear River Road, Petoskey

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