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.
Interior: Cable, Cathedral Ceiling(s), Ceiling Fan(s), Fireplace, Patio, Sprinkler System
Fireplace: Gas Fireplace, Wood Burning Fireplace
Bedroom and Bathroom Information:
Partial Bathrooms: 1
Full Bathrooms: 2
Total Bedroom Count: 4
Exterior Features
Exterior Information:
Waterfront: Dock
Exterior: Deck, Boat Dock, Patio, Sprinklers
Parking Information:
Garage Space: 2 spaces
Attached Garage: Yes
Parking: Garage-Attached
Virtual/3D Tour
3D Tour: 8262 Bear Cove Ln
3D Tour
Lot Features
Lot Information:
Lot: Dock, Paved, Sprinklers, Near Snowmobile Trails
Lot Size: 1.38 Acres
Utilities
Utilities Information:
Heating: Natural Gas, Forced Air, Floor Furnace
Cooling: Ceiling Fan(s), Central Air
Other
Directions Information:
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.
Price Information
Listing Price Info
Price Summary:
List Price: $3,900,000
Price Per SqFt: $1,040/SqFt
Tax Information:
Annual Amount: $12,093
Tax Year: 2021
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Lincoln School
616 Connable Ave
Distance between this listing and this school4.82 miles
Public Magnet Grades KG-5
8
/10
Sheridan School
1415 Howard St
Distance between this listing and this school5.08 miles
Public Magnet Grades KG-5
7
/10
Central Elementary School
410 State St
Distance between this listing and this school5.39 miles
Public Magnet Grades KG-5
Nearby Schools
7
/10
Petoskey Middle School
801 Northmen Dr
Distance between this listing and this school6.26 miles
Public Magnet Grades 6-8
6
/10
Harbor Springs Middle School
800 State St
Distance between this listing and this school8.17 miles
Public District Grades 5-8
6
/10
Boyne City Middle School
1025 Boyne Ave
Distance between this listing and this school8.30 miles
Public District Grades 5-8
Nearby Schools
8
/10
Petoskey High School
1500 Hill St
Distance between this listing and this school6.11 miles
Public Magnet Grades 9-12
6
/10
Concord Academy Petoskey
2468 Atkins Rd
Distance between this listing and this school6.60 miles
Public Charter Grades KG-12
5
/10
Morganshaw School
321 S Park St
Distance between this listing and this school7.91 miles
The neighbors living near this home have an average income of $70,709. Most Petoskey, MI residents have annual incomes between $35k-100k. Typical family type is married, no kids. Residents of this area typically have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 8262 Bear Cove Ln
What is the listing price of this property?
The listing price of 8262 Bear Cove Ln property is $3,900,000.
What type of property is this?
The property 8262 Bear Cove Ln is a house located in Petoskey, Michigan, 49770.
Is this property for sale now?
Active Listing: 8262 Bear Cove Ln is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $12,093 (source: MLS/based on county public records data).
How many bedrooms and bathrooms does this property have?
The property at 8262 Bear Cove Ln has 4 bedrooms and 2 full and 1 half bathrooms.
What is the square footage of this property?
The property 8262 Bear Cove Ln is 3,750 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 8262 Bear Cove Ln is 2003.
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This home is located at 8262 Bear Cove Ln in Petoskey, MI and zip code 49770. This 3,750 square foot home, which was built in 2003, sits on a 1.38 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since October 13, 2024 and is currently priced at $3,900,000.
In October 2024, from all listings sold in Petoskey, MI there were more than 5 sold above asking price, over 15 sold below and more than 4 were sold right at the asked price. The inventory of homes for sale in Petoskey, MI between September 2024 and October 2024 increased by 5%. Listings spent 37 days on the market in October 2024, and had a median list price of $447,250 during the same period.
From Rocket Homes Real Estate and based on county public records data.
The data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLS). The listings displayed come from various NM-MLS. member offices who have chosen to participate in NM-MLSX IDX, the detailed information The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing about said listings includes the listing office information. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the site hosting broker(s), nor the listing broker or NM-MLS, or this broker shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2024 NM-MLS. All rights reserved
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