8262 Bear Cove Lane $3,900,000

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    8262 Bear Cove Lane Petoskey, MI 49770

    • 4 Beds
    • 2 Baths
    • 3,750 sq. ft.
    • Residential
    • MLS# 475142
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    Views: 20 Days On Site: 39

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    Property Details

    Description Tours

    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.

    • General Features
      • Above Ground Sq Footage 2557
      • Approx Year Built 2003
      • Association No
      • County Charlevoix
      • 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
      • Heat1 Natural Gas, Forced Air, In Floor Heating
      • Lake Walloon
      • Total Finished Sq Ft 3750
      • Township Bay
      • Utility Dimensions 9' 7 x 7' 6
      • Utility Level Main
      • Water Well
      • Water Front Water Access Water Front
      • Water View Yes
      • Waterfront Feet 147.72
      • Wf Separated By Road No
    • Building Features
      • Basement Full, Walkout, Finished
      • Construction Wood Frame/Site Built
      • Garagae Car Capacity Two and Half
      • Garage Carport Garage-Attached
      • Roof Asphalt Shingle
      • Windows Wood Sash
    • Room Features
      • Bath 1 Level Main
      • Bath 2 Dimensions 12' 11 x 11' 8
      • Bath 2 Level Main
      • Bdrm 2 Dimensions 13' 10 x 16' 10
      • Bdrm 3 Dimensions 12' x 16' 10
      • Bdrm 4 Dimensions 16' 2 x 12' 8
      • Bedroom 2 Level Lower
      • Bedroom 3 Level Lower
      • Bedroom 4 Level Lower
      • Dining Rm Dimensions 29' 1 x 29' 1
      • Dining Rm Level Main
      • Family Rm Dimensions 42' 2 x 24
      • Family Rm Level Lower
      • Kitchen Dimensions 29' 1 x 29' 1
      • Kitchen Level Main
      • Living Rm Dimensions 19' 8 x 24' 11
      • Living Rm Level Main
      • Master Bdrm Dimensions 18' 8 x 15' 3'
      • Master Bdrm Level Main
      • Bedrooms 4
      • Full Bathrooms 2
      • Half Bathrooms 1
      • Rooms 1 Dimensions 12' 0 x 14' 4
      • Rooms 1 Level Main
      • Rooms 2 Dimensions 7' 10 x 9' 1
      • Rooms 2 Level Main
      • Total Rooms 14
    • Property Features
      • Approx Number Of Acres 1.38
    • Schools
      • School District Boyne City
    • Additional Features
      • Sewer Septic

    Neighborhood

    49770 (Petoskey) Demographics

    44 Median Age
    139 Population Density (per sq. mile)
    52% College Educated
    $62,264 Estimated Median Income
    4,813 Estimated Total Home Owners
    2,375 Estimated Total Renters
    67% / 33% Estimated Owner / Renter Divide
    2 Estimated Average Household Size
    17,205 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $425,000 Median Sales Price
    21 Homes Sold
    13 New On Market

    Average Days on Site

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $3,900,000
        10/13/2024 6:36:00 PM New in Database Source: Multiple Listing Service New Value: $3,900,000

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.