Discover Lakeside Club Condos in Petoskey – Top 21 Buyer Essentials

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Lakeside Club

Lakeside Club Condominiums is a premier residential community nestled along the shores of Round Lake in beautiful Petoskey, Michigan. Perfectly positioned just minutes from downtown and the iconic Gaslight District, this well-maintained development offers residents a tranquil, resort-style living experience with year-round appeal.

The community features a range of spacious one-, two-, and three-bedroom units—many with private balconies, fireplaces, and stunning lake or wooded views. Residents enjoy access to a wide variety of on-site amenities including a private beach, indoor pool and spa, clubhouse, tennis courts, walking trails, and a fitness center.

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Lakeside Club Condominiums for Sale | Petoskey, MI – Ultimate Guide + 21 Essentials

Discover Lakeside Club Condominiums for sale in Petoskey, MI. Explore waterfront living, amenities, investment potential, and more in this comprehensive guide.

Introduction

Welcome to your deep dive into one of Northern Michigan’s most beloved condominium communities—Lakeside Club Condominiums in Petoskey, MI.

Nestled against the pristine backdrop of Round Lake and just minutes from downtown, Lakeside Club offers a peaceful retreat with modern amenities, strong resale value, and access to year-round recreational activities. Whether you're looking to relocate, invest, or simply unwind in a second home, this guide unpacks everything you need to know about Lakeside Club living.

Why Buy at Lakeside Club Condominiums

Unbeatable Petoskey Location

Location is everything, and Lakeside Club hits the sweet spot. Tucked just off US-31, the community gives you easy access to:

• Downtown Petoskey's historic Gaslight District

• Lake Michigan beaches and boating

• Top-rated schools, shops, and healthcare facilities

• A short drive to ski resorts, golf courses, and hiking trails

Lakefront Lifestyle with Club Amenities

Owning here means more than just a condo—it’s about embracing the lake life. Residents enjoy private access to Round Lake with paddleboarding, kayaking, and sunbathing right outside their door. It’s a lifestyle many dream of and few truly achieve.

High Investment Potential

With year-round appeal for vacationers and snowbirds alike, Lakeside Club condos have become a magnet for:

• Vacation rentals

• Snowbird second homes

• Downsizers and retirees

The low-maintenance lifestyle and attractive price points make it a smart investment, particularly when you factor in the strong demand for Northern Michigan vacation rentals.

Property Overview

Types of Condos Available

Lakeside Club offers a diverse mix of units, including:

• 1-bedroom condos ideal for couples or solo living

• 2-bedroom units for small families or guests

• Spacious 3-bedroom units with lofts and lake views

Layouts and Square Footage Options

Units typically range from 700 to over 1,400 square feet and include:

• Open-concept kitchens and living rooms

• Private balconies or patios

• Washer/dryer hookups or in-unit laundry

Pet-Friendly Policies

Yes, your furry family members are welcome! With ample green space and walking paths, it's a great community for dogs and cats alike. Be sure to check the HOA guidelines for breed and weight limits.

Short-Term Rental Capabilities

Short-term rentals are permitted in select buildings—a rare and valuable feature in Northern Michigan. This makes it easy to generate passive income when you're not using the unit yourself.

Key Features & Amenities

Private Lake Access

Residents enjoy direct access to Round Lake, ideal for:

• Canoeing and kayaking

• Stand-up paddleboarding

• Swimming and floating docks

Indoor Pool and Hot Tub

Relax all year round with access to a heated indoor pool and whirlpool spa—perfect after a day on the slopes or a long hike.

Clubhouse and Fitness Center

The community clubhouse includes:

• Lounge with fireplace

• Game area

• Private event space

• Fully equipped gym

Tennis and Pickleball Courts

Get active on-site with tennis and newly added pickleball courts, drawing in residents of all ages.

Walking and Biking Trails

Winding through scenic woodlands and lakeside paths, the trails are a favorite among:

• Joggers

• Dog walkers

• Bikers

Interior Highlights

Modern Kitchens and Appliances

Most units have been updated with:

• Stainless steel appliances

• Granite or quartz countertops

• Custom cabinetry

• Eat-in kitchen bars

Fireplaces, Balconies, and Views

Enjoy cozy winter nights by the gas fireplace, or morning coffee on the balcony overlooking Round Lake or tranquil woodlands.

Vaulted Ceilings and Open Floorplans

Select units feature cathedral ceilings and lofted second floors, providing a spacious, airy feel perfect for entertaining.

Furnished and Turnkey Options

Looking for hassle-free moving or an immediate rental property? Many condos come fully furnished and ready to go.

Lakeside Club Community Experience

Social Events and Community Atmosphere

Lakeside Club fosters a tight-knit, neighborly environment with:

• Monthly social mixers

• Seasonal potlucks

• HOA-sponsored events

HOA Management and Maintenance Services

The well-managed HOA provides:

• Exterior maintenance

• Lawn care and snow removal

• Trash service

• Amenity upkeep

Quiet, Peaceful, and Private

Despite being minutes from downtown, the setting is calm, wooded, and private, creating a true up-north retreat.

Nearby Attractions and Recreation

Downtown Petoskey

Explore the charm of Gaslight District with:

• Local boutiques and restaurants

• Art galleries and museums

• Year-round festivals and farmers markets

Lake Michigan & Little Traverse Bay Access

Only minutes away, enjoy access to:

• Sunset Park and Bayfront Park

• Marina access

• Public beaches

Golf, Skiing, and Trails

Petoskey is an all-season playground featuring:

• Boyne Highlands and Nub’s Nob for skiing

• Petoskey State Park and Bear River Trail

• World-class golf courses like Bay Harbor Golf Club

Real Estate Market Insights

Current Listing Prices and Trends

As of this year, the average price of Lakeside Club condominiums for sale in Petoskey, MI ranges from $225,000 to $375,000, depending on the unit’s size, location within the complex, and level of upgrades. Waterfront units and those with recent renovations tend to command higher prices and sell more quickly.

• 1-Bedroom Units: Starting around $225,000

• 2-Bedroom Units: Mid $250,000s to low $300,000s

• 3-Bedroom Units or Lofts: $325,000 and up

Inventory remains relatively low due to the high desirability and limited number of units available each year.

Price Per Square Foot Comparison

When compared to other Petoskey communities, Lakeside Club provides exceptional value:

This makes Lakeside Club a sweet spot for buyers seeking value, lifestyle, and location.

Historical Appreciation Data

Over the last 10 years, property values at Lakeside Club have steadily appreciated. According to MLS data:

• Average 10-year growth: 3.9% annually

• Short-term rentals and investment use: Driving added demand

• Post-pandemic surge: Units saw price spikes in 2021–2022 but have now stabilized

Buying a Condo at Lakeside Club

Financing and Mortgage Options

Lakeside Club units typically qualify for conventional loans, but you’ll want to work with a lender who understands condotel and condo association requirements. Some options include:

• 15- or 30-year fixed-rate mortgages

• Portfolio loans for investors

• Cash purchases with quick closings

Working with a Local Realtor

Partnering with a Northern Michigan real estate expert is key. As a local broker with experience in Petoskey condo sales, Brook Walsh at BrookWalsh.com offers:

• Insider market data

• Investment ROI assessments

• Local negotiation advantages

Inspection and Closing Tips

Before closing, make sure to:

• Review HOA bylaws and meeting notes

• Schedule a professional inspection

• Verify rental rules (if planning income use)

• Understand HOA dues, reserve funds, and special assessments

Comparison with Other Petoskey Condos

Bear Creek vs. Lakeside Club

Bay Harbor Alternatives

Bay Harbor offers luxury condos with marina access but at a premium price. Lakeside Club gives you lake living without the luxury price tag—perfect for practical buyers and investors.

Which is Best for Rentals?

Lakeside Club wins for short-term rental potential, ease of management, and central location. Many owners successfully list their units on Airbnb and VRBO.

Investment Opportunities

Vacation Rental ROI

Lakeside Club is an investor’s dream. Typical returns on short-term rentals can be:

• Peak summer weeks: $1,800–$2,500/week

• Winter holiday season: $1,200–$1,800/week

• Annual gross income potential: $20,000–$30,000+

Proximity to Petoskey, skiing, and the lake makes this community a consistent performer.

Long-Term Rental Potential

If you prefer stability, long-term leasing yields:

• Monthly rents: $1,500–$2,000

• Annual income: $18,000–$24,000

• Low vacancy rate in the area

Best Floorplans for Income

Top-performing units are typically:

• 2-bedroom units with a loft

• Renovated interiors with lake views

• Units closest to amenities and waterfront access

Pros and Cons Summary

Frequently Asked Questions

Q. What’s the average price for a condo at Lakeside Club?

A. Prices typically range from $225,000 to $375,000, depending on unit size, updates, and lake views.

Q. Are pets allowed in the condos?

A. Yes, pets are allowed in most units. Check HOA regulations for size and breed restrictions.

Q. Can I use the condo as a short-term rental?

A. Yes, short-term rentals are permitted in select units. This makes Lakeside Club a great vacation rental investment.

Q. What amenities are included in the HOA fees?

A. HOA dues typically include access to the clubhouse, indoor pool, lake, tennis courts, exterior maintenance, landscaping, and snow removal.

Q. Is Lakeside Club open year-round?

A. Yes! The condos are perfect for both summer fun and winter skiing, offering year-round access and maintenance.

Q. How close is it to downtown Petoskey?

A. Just a 5-minute drive from downtown and the Gaslight District. Bike trails even connect the community to town for an easy ride.

Conclusion

If you're looking for comfortable lakefront living with robust amenities, look no further than Lakeside Club Condominiums in Petoskey, MI. Whether you're a family looking for a full-time residence, an investor seeking rental income, or a couple looking for a second home—this community checks all the boxes.

Its unique combination of location, lake access, amenities, and market performance makes it one of the most desirable condo communities in Northern Michigan.

Schedule a Private Tour with BrookWalsh.com

Ready to explore Lakeside Club in person? Schedule a personalized tour today with Brook Walsh, your trusted local real estate expert. Contact Brook Walsh for more details on available listings and investment insights.