Real Estate Statistics
| Average Price | $603K |
|---|---|
| Lowest Price | $55K |
| Highest Price | $1.2M |
| Total Listings | 2 |
| Avg. Price/SQFT | $236 |
Property Types (active listings)
Browse Oaks of Walloon Real Estate Listings
- All Listings
- Under $100,000
- Over $1,000,000
Oaks of Walloon Homes for Sale | Petoskey, MI + Timeless Charm + 15 Reasons to Buy Now
Oaks of Walloon Homes for Sale offers lakeside luxury in Petoskey, MI. Explore real estate, amenities, and the irresistible lifestyle by Walloon Lake.
Introduction to Oaks of Walloon
Nestled in the heart of Northern Michigan, the Oaks of Walloon is one of Petoskey's hidden gems—a luxurious residential community offering a perfect blend of nature, comfort, and sophistication.
Tucked near the shimmering shores of Walloon Lake, this neighborhood is known for its upscale homes, tranquil setting, and close proximity to everything that makes Northern Michigan a world-class destination. Whether you're looking to settle down, invest, or find a seasonal escape, Oaks of Walloon delivers charm with every square foot.
Why Choose Petoskey, MI for Your Next Home
If Michigan is the Mitten State, then Petoskey is the diamond on the ring. Located along the shores of Little Traverse Bay, this charming town offers more than just postcard views.
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Top-ranked schools
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Historic architecture
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Vibrant downtown with boutiques and fine dining
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Recreational paradise year-round
Petoskey strikes that delicate balance between small-town friendliness and big-lake elegance.
The Allure of Walloon Lake Living
Living near Walloon Lake is like stepping into a Pure Michigan ad—except it’s your real life. Here's why homeowners flock to this lakefront region.
Natural Beauty and Waterfront Serenity
Walloon Lake is known for its strikingly clear, deep blue waters. A haven for kayakers, boaters, and anglers alike, the lake provides unmatched natural serenity.
Year-Round Outdoor Activities
Whether you’re snowshoeing in the winter or paddleboarding in the summer, Walloon Lake has something for every season. Locals enjoy:
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Skiing at Boyne Mountain
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Leaf-peeping in autumn
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Hiking the North Country Trail
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Ice fishing and snowmobiling in winter
Discover Oaks of Walloon Neighborhood
The Oaks of Walloon isn’t just a neighborhood—it’s a lifestyle choice rooted in nature and nurtured by luxury.
Community Overview
The development was thoughtfully designed with preservation in mind. Mature hardwoods line the roads, and homes are spaced to ensure privacy and peace.
Types of Homes Available
You’ll find a diverse range of home styles including:
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Modern Craftsman cottages
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Contemporary lake houses
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Custom-built estates
Most homes feature large decks, expansive windows, and high-end finishes.
Architectural Styles
Expect to see exposed beams, hardwood floors, and chef-inspired kitchens. Stone facades and rustic wood touches are common, evoking that classic “Up North” feel with a modern twist.
Lot Sizes and Property Features
Homes typically sit on 1 to 3-acre lots, offering room for outdoor living spaces, hot tubs, and even private trails. Many properties boast:
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Walkout basements
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3-car garages
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Smart-home features
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Professionally landscaped yards
Real Estate Market Trends in Oaks of Walloon
The market in Oaks of Walloon has shown remarkable resilience and growth—making it a smart investment choice.
Current Home Prices and Inventory
As of mid-2025, homes range from $700,000 to $1.5M+, depending on size, location, and view. Inventory remains limited due to high demand and limited new construction.
Historical Sales Data
Over the last five years:
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Median price appreciation: 7% annually
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Average days on market: Less than 45 days
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Return on investment for sellers: Strong and consistent
Buyer Demand and Market Forecast
The community continues to attract both primary homeowners and second-home buyers, particularly those seeking:
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Privacy without isolation
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A lifestyle upgrade
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Strong long-term value
Forecasts suggest demand will remain high, especially as Northern Michigan continues to gain national recognition.
Amenities and Lifestyle Perks
Living in Oaks of Walloon means embracing a life of comfort and class, surrounded by nature and convenience.
Trails, Parks, and Outdoor Spaces
The development includes exclusive walking trails, access to community open spaces, and easy connectivity to:
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Bear River Valley Recreation Area
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Walloon Lake beach access points
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Nature preserves
Petoskey Public Schools and Education Options
Families with children benefit from the Petoskey Public School District, known for its academic excellence, arts programs, and athletics.
Nearby educational opportunities:
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Concord Academy Petoskey (charter school)
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North Central Michigan College
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St. Francis Xavier School (private)
Shopping, Dining, and Entertainment
Just a short drive away, downtown Petoskey is brimming with:
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Gourmet restaurants like Chandler’s
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Local coffee shops and bookstores
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Art galleries and antique stores
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Festivals and farmers markets
Investment Potential and ROI
Vacation Rentals and Long-Term Leases
With proximity to Petoskey, Boyne Mountain, and Walloon Lake, homes in Oaks of Walloon are hot properties for:
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Luxury vacation rentals (where permitted)
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Executive long-term leases
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Event-based rentals during festival seasons
Property Value Appreciation Over Time
Home values have appreciated at a healthy pace, making this an excellent buy-and-hold investment. The limited inventory and growing demand from remote workers and retirees drive long-term value.
Buying Process for Oaks of Walloon Homes
Financing and Pre-Approval Steps
Work with a lender familiar with Northern Michigan's unique market. Get pre-approved before starting your search to increase negotiation power.
Working with a Local Real Estate Expert
Having a Petoskey-based real estate agent—especially one familiar with Oaks of Walloon—is essential. They’ll know:
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Upcoming listings before they hit the market
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HOA regulations and community bylaws
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Local vendors for inspections and repairs
Home Inspection and Closing Timeline
On average, closing takes 30–45 days. Most buyers opt for:
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General home inspection
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Septic and well inspection (if applicable)
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Radon testing
Living in the Oaks of Walloon: Resident Testimonials
"We were looking for peace and proximity—and found both. It's our forever home."
– Martha & Greg, Residents since 2020
"We chose Oaks of Walloon for our retirement, but now our grandkids want to move in too!"
– Jeff & Carol, Full-time residents
Comparing Oaks of Walloon to Nearby Communities
Walloon Lake Village
Offers quaint village life with small-town stores and waterfront dining but lacks the same seclusion and luxury finishes.
Bay Harbor
High-end marina community with more commercial appeal. Prices can be higher with steeper HOA fees.
Downtown Petoskey
Charming and walkable, but with limited privacy and less access to nature trails or wooded lots.
Seasonal Living in Oaks of Walloon
Fall Colors and Winter Sports
The autumn leaves light up the sky, and winter offers:
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Ski trips to nearby Boyne Highlands
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Snowshoeing on private trails
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Cozy nights by the fireplace
Summer Lakefront Living
Warm days bring:
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Swimming and boating on Walloon Lake
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Grilling on your deck
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S’mores by the fire pit
Sustainable and Green Living Options
More buyers are asking for:
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Energy-efficient windows
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Solar panels
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Native landscaping
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Smart irrigation systems
Oaks of Walloon builders are increasingly responding with eco-conscious home designs.
HOA Insights and Community Guidelines
HOA fees average $600–$1,200/year and cover:
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Trail maintenance
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Snow removal
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Community events
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Road upkeep
Short-term rental restrictions vary—consult the latest CCRs.
Map and Directions to Oaks of Walloon
The community is located just off US-131, about 10 minutes from downtown Petoskey and 5 minutes to Walloon Lake’s public boat launch. Google Map Link
External Resources and Real Estate Links
FAQs About Oaks of Walloon Homes
Q. What price range should I expect?
A. Expect homes to start around $700K and reach upwards of $1.5M, depending on features and location.
Q. Are short-term rentals allowed?
A. Policies vary by property and HOA rules. Many homes restrict rentals under 30 days.
Q. How far is the community from Petoskey amenities?
A. Roughly 10 minutes to downtown shops, restaurants, and medical facilities.
Q. Is Walloon Lake accessible to homeowners?
A. Yes, several public access points are nearby, and private access may be available with select properties.
Q. Are there any buildable lots still available?
A. A few premium lots remain but move fast. Contact a local agent for current inventory.
Q. What makes Oaks of Walloon unique from other lake communities?
A. It combines luxury, nature, and privacy in a way few communities can match—all within minutes of town.
Conclusion: Why Now is the Time to Buy in Oaks of Walloon
Oaks of Walloon offers an irresistible blend of nature, luxury, and community. Whether you’re looking to put down roots, retire in comfort, or invest in a high-demand market, this Petoskey gem deserves your attention. With limited inventory and rising demand, now is the time to take action. Reach out today to schedule a private tour and start living the Northern Michigan dream.
Explore current listings now at BrookWalsh.com or discover your rental-to-ownership journey at Northern Michigan Escapes.
Continue Your Northern Michigan Real Estate Search
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