# 6243 Lake Grove Road, Petoskey, MI 49770 > **TL;DR:** 3bd/2ba single family, $499,000 ($368/sqft), 1,355 sqft. > 2-car garage. Est. $2,669/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $499,000 | | Price/sqft | $368 | | Bedrooms | 3 | | Bathrooms | 2 full | | Square Feet | 1,355 | | Lot Size | 87,120 sqft (2.00 acres) | | Stories | 2 | | Garage | 2-car | | Property Type | Single Family (Other) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,523 | | Estimated Insurance | $146 | | **Total** | **$2,669** | ## Key Amenities - 2-car garage ## Property Highlights - 2.00 acre lot - 2 stories ## Description ### Agent Description 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! ## Location - **Address:** 6243 Lake Grove Road, Petoskey, MI 49770 - **County:** Emmet - **Coordinates:** 45.284627, -85.005806 - **Google Maps:** https://www.google.com/maps?q=45.284627,-85.005806 ## Listing Agent - **Name:** Jeff Patton - **Brokerage:** Coldwell Banker Schmidt - **Broker Phone:** (231) 838-5263 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/6243-Lake-Grove-Rd_Petoskey_MI_49770_M42633-12184?f=listhub&s=NMIMLS&m=479632&c=propsimple) ## Photos ![6243 Lake Grove Road - Photo 1](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f4093163226r.jpg) ![6243 Lake Grove Road - Photo 2](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f1652257817r.jpg) ![6243 Lake Grove Road - Photo 3](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f3841291019r.jpg) ![6243 Lake Grove Road - Photo 4](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f2554475905r.jpg) ![6243 Lake Grove Road - Photo 5](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f1470108289r.jpg) ![6243 Lake Grove Road - Photo 6](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f3513916799r.jpg) ![6243 Lake Grove Road - Photo 7](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f381101064r.jpg) ![6243 Lake Grove Road - Photo 8](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f2432648319r.jpg) ![6243 Lake Grove Road - Photo 9](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f2018600399r.jpg) ![6243 Lake Grove Road - Photo 10](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f1722932613r.jpg) ![6243 Lake Grove Road - Photo 11](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f2327172094r.jpg) ![6243 Lake Grove Road - Photo 12](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f790581763r.jpg) ![6243 Lake Grove Road - Photo 13](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f1526562235r.jpg) ![6243 Lake Grove Road - Photo 14](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f1486758944r.jpg) ![6243 Lake Grove Road - Photo 15](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f1549728389r.jpg) ![6243 Lake Grove Road - Photo 16](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f766820626r.jpg) ![6243 Lake Grove Road - Photo 17](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f4083390378r.jpg) ![6243 Lake Grove Road - Photo 18](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f2861154405r.jpg) ![6243 Lake Grove Road - Photo 19](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f2845278841r.jpg) ![6243 Lake Grove Road - Photo 20](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f2815714807r.jpg) ![6243 Lake Grove Road - Photo 21](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f3275337610r.jpg) ![6243 Lake Grove Road - Photo 22](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f2404148823r.jpg) ![6243 Lake Grove Road - Photo 23](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f2221784344r.jpg) ![6243 Lake Grove Road - Photo 24](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f3086087570r.jpg) ![6243 Lake Grove Road - Photo 25](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f3478594713r.jpg) ![6243 Lake Grove Road - Photo 26](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f3679259412r.jpg) ![6243 Lake Grove Road - Photo 27](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f82994575r.jpg) ![6243 Lake Grove Road - Photo 28](http://lh.rdcpix.com/ec357b7f798ccb50fef4d297891c32cdl-f173355171r.jpg) --- **MLS#:** 479632 | **Updated:** 2026-10-26 **Source:** listhub *Copyright © 2026 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/6243-lake-grove-road-petoskey-mi-49770-5f1a25cb65ce48e081164b4b0c98ecc3) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/6243-lake-grove-road-petoskey-mi-49770-5f1a25cb65ce48e081164b4b0c98ecc3#listing", "url": "https://staging.propertysimple.ai/listing/6243-lake-grove-road-petoskey-mi-49770-5f1a25cb65ce48e081164b4b0c98ecc3", "name": "6243 Lake Grove Road, Petoskey, MI 49770", "description": "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. 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