Petoskey

Nestled on the shores of Lake Michigan's Little Traverse Bay, the Petoskey Real Estate market has shown steady growth over the past several years, and more and more people are finding out just how exciting this city can be.

This page gives a very detailed overview of the homes, condominiums, land, and commercial property for sale in Petoskey, Michigan

Real Estate Statistics

Average Price $604K
Lowest Price $50K
Highest Price $4.5M
Total Listings 133
Avg. Days On Market 118
Avg. Price/SQFT $261

Property Types (active listings)

Browse Petoskey Real Estate Listings

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Check out this video for a look at the Petoskey community, or click here to learn more about Petoskey Homes for Sale


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Petoskey Real Estate

Petoskey is a beautiful place to live, with its miles of pristine Lake Michigan shoreline and breathtaking views of the Sleeping Bear Dunes National Lakeshore. It's also known as one of the best places to retire and enjoy life in retirement. Petoskey is located in Leelanau County, Michigan, approximately 81 miles north of Lansing. Petoskey real estate is abundant with all of the amenities to make life easier for residents.

Petoskey offers one of the most prestigious living experiences in the region. This premier group of communities showcases some of the finest properties available for those interested in a more secluded lifestyle, including gorgeous custom homes, villas, and waterfront properties. This gives residents of Petoskey a taste of lakeside suburbia, complete with some of the friendliest neighbors you could imagine. Lush rolling hills further accentuate the crystal clear streams, tall oaks, and towering cedars lining expertly designed streets found throughout the area, making Petoskey home to some of the most sought-after properties for the affluent buyer.

Petoskey has always been extremely popular among many famous people, including Martha Stewart, who resided in the area during her time as a real estate mogul. However, the reason so many celebrities chose to call Petoskey home was due to its natural beauty. Residents and tourists alike enjoy the annual Petoskey stone art fair, a tradition dating back to 1885. It's a great way to see the best of what Petoskey has to offer.

Petoskey homes for sale span across the west side and east side of the city as well as the gorgeous downtown area. Within all these regions, smaller neighborhoods and districts display varied home styles as well. Also, buyers can expand their choices even more by considering the greater Petoskey area and its lovely family-centric subdivision; these neighborhoods are ideal for those who venture into the city for work or leisure but prefer a more spacious suburban lifestyle.

Petoskey's market is filled with high-quality historic, mid-century, and contemporary properties with something to suit everyone's style. Those looking for a low-maintenance living have a handy selection of condos, townhouses, and elegant apartment communities to choose from.

There are many different housing options in Petoskey including condominiums for saledowntown homes for salegolf homes for saleland lover homes for saleluxury homes for sale, and waterfront homes for sale.

Regardless of the style of property, you settle on, exceptional quality, design expertise, and dedicated craftsmanship are evident in the vast majority of Petoskey's coveted homes. The classic suburban single-family residences offer a complete lifestyle with tailored lawns, leafy trees, bright interiors, and space to entertain inside and out. Ample yard space makes it easy for children to stay active or for families to host garden parties and barbecues.

Safe roads with little thru-traffic are a rarity in many cities but are easy to find in Petoskey real estate. Condos and row homes are also great choices for interested buyers, as their convenient on-site amenities, streamlined use of space, and luminous finishes make them top contenders for the best ease of living. With so many assorted real estate opportunities for the average buyer, you're sure to find an idyllic place to call home in no time.

If you're searching for the perfect place to enjoy only the finest natural settings available to Northern Michiganders, look no further than Petoskey. The housing market in Petoskey may primarily only be made up of single-family homes and condos, but they are diverse in their own right. Buyers on a budget can find older traditional-style houses on the higher end of the $100,000s, while those with more luxurious tastes can look to Bay Harbor priced upwards to $9,000,000. And while not all properties are located on a waterfront lot, many still boast breathtaking views of the big lake (Lake Michigan).

Another perk of purchasing Petoskey real estate is the location near a variety of professional golf courses and clubs. Facilities such as Crooked Tree Golf Club and Boyne Highlands courses are open to the public, while the more discerning players are invited to join a selection of prestigious country clubs, like bay Harbor Golf Club and the Bay View Golf Club. Many courses have been crafted by top-name designers, while numerous clubs are based on the plans of PGA and Master's Champion Jack Nicklaus. 

Cost Of Living 

Home sales prices are not a problem in Petoskey because the median home value is $243,100, which is a manageable price point for those who are looking to buy a home. Condominiums for sale & & real estate is available in Petoskey for people looking to live in luxury. Petoskey is a Michigan City that has something for anyone who loves the outdoors or who is looking to live somewhere with a small-town feel. The cost of living in Petoskey is relatively low, as well as the crime rate. Petoskey is also a place where residents can enjoy the outdoors year-round.

According to the Northern Michigan Multi-Listing Service, the average sales price for a home in Petoskey, Michigan is $270,920, with a low of $1,750 in 2007 and a high of $4,000,000 on Walloon Lake in 2018. The average sales price for a condominium in Petoskey, Michigan is $212,117, with a low of $35,000 in 2011 and a high of $3,475,000 on Walloon Lake in 2006.

Discover Petoskey Condos For Sale

In Petoskey, MI condos for sale are one of the most affordable options on the market. Both apartment-style and townhouse-style condos are available. Apartment-style condos can be the perfect housing solution for those who want to own their own home and stick to an affordable budget. Condos for sale in Petoskey begin at a price of around $200,000 and can be as much as $900,000 depending on the property.

Petoskey offers a great selection of condominiums for sale.  Condominiums generally sell between $150,000-$500,000.  However, the following are our favorite Petoskey condominium communities:

Petoskey Community Highlights

Petoskey is not only known for its outdoors, but the area also has some of the most luxurious shopping destinations in the state! Residents of Petoskey need only venture a few minutes to find two of the region's most popular centers, both offering a unique experience. Want to find the top trends and finest fashions? Then you'll love the Village at Bay Harbor. Browse the waterfront shops and enjoy waterside dining. Alternately, the Gaslight District Shops has been a shopping area for more than 100 years, this district is bursting with independent shops, boutiques, and galleries. Downtown Petoskey also features great views of Little Traverse Bay, fine dining, and streets lined with historic gas lights.

Thanks to its pristine waterfront setting, natural rolling landscape, and wealth of fantastic amenities, it's no surprise that Petoskey homes are such a hot commodity in the Petoskey real estate market. Bringing together the best of lakeside living and a luxurious suburban lifestyle, this community continues to shine as one of the great gems of Northern Michigan.

There truly is no area more secure and stunning to raise a family than in Petoskey. While the outdoors allow children to appreciate the natural beauty of our great state, it's the educational facilities within the region that make it stand out. Serviced by the Petoskey Independent School District, students will receive some of the best academic training in Northern Michigan. This district boasts 5 elementary, 1 middle, and 1 high school, with 3 private academies available for those with a more preparatory mindset.

The local high school, Petoskey High, is known state-wide for its marching band, and the school has a $10,000,000 athletic facility. This school also puts a strong focus on post-secondary preparation in several fields, encouraging young residents of Petoskey to pursue their educational careers at nearby North Central Michigan College.

Petoskey's located nearby three local ski resorts, Boyne Highlands and Nubs Nob in Harbor Springs and Boyne Mountain in Boyne Falls. Therefore, it's no surprise the boys' ski team were state champions in 2011 - 2018, with a runner-up finish in 2019. The ladies' ski teams have enjoyed a very high level of success as well.

The Petoskey Winter Sports Park has a spacious sledding hill, outdoor ice rink, hockey rink with limited skate rental, skiing, and snowboarding is also allowed. A nice feature of this community sports park is that it has a concession and warming hut with a fireplace, tv, and free WiFi. 

Living in Petoskey, MI

Recreation

When thinking about Petoskey real estate, the first thing that comes to mind is its proximity to Lake Michigan. This makes it a prime location for those who wish to engage in water activities such as fishing, boating, swimming, and kayaking. If you are looking to live in a place with plenty of outdoor activities, Petoskey is where you'll want to be. Lake Michigan also serves as an excellent place for outdoor recreation. Lake Michigan is the largest body of fresh water in the world, so it boasts numerous incredible locations to go kayaking, sailing, and even camping.

Culture

Petoskey has all the amenities necessary to make life easy for residents. The town is home to several popular destinations that are perfect for tourists and locals alike to enjoy. The town is home to several museums, including the Petoskey Museum of Art, the Petoskey Historical Museum, and the Petoskey Library. There are also two golf courses to entertain golfers. Residents can also find great sports teams, including the Michigan Tech Huskies hockey team, the Leelanau Lumberjacks baseball team, and the Petoskey High School football team. While residents are here, they have many opportunities to enjoy things other than sports by attending popular outdoor concerts at either Charlie Swanson Park or Charlie Swanson Pavilion. Both locations are perfect for live music. Petoskey is also famous for its stone carvings. Carved into the sandstone beneath the surface throughout Petoskey are several petroglyphs. These are some of the last preserved examples of ancient rock art in the entire Midwest. If you are looking for culture, Petoskey provides it on numerous levels.

Nature

Petoskey's natural beauty is one of its biggest draws for many people who call this Michigan city home. The city overlooks Lake Michigan, which is full of natural beauty of its own. It boasts clear blue waters, endless amounts of scenic views, and numerous species of fish that are fun to catch while you're boating or kayaking. Petoskey also has a fantastic variety of flora and fauna to observe. This includes some very rare species that are not native to the area but are nice to look at. If you are an avid bird watcher, there are numerous species of birds present in Petoskey. There are also numerous different types of animals, including deer, squirrels, foxes, and even bald eagles. There is no need to go out of town for nature watching in Petoskey! Lake Michigan is the perfect place for nature lovers to find peace and quiet without having to travel too many miles.

Family Friendly

Petoskey offers families lots of ways they can enjoy the community overview without leaving home. This includes several parks and playgrounds for children.

The Area 51 Playground is a popular destination for children. There are also plenty of sports fields for kids to play on, including two disc golf courses. Petoskey is also an excellent locale for families to enjoy the Michigan Renaissance Festival, featuring booths selling arts, crafts, and more. There are several restaurants that are perfect for kid-friendly activities, including the Petoskey Oyster Bar, where children can watch boats travel along Lake Michigan while enjoying snacks.

Business

Petoskey is an excellent place for entrepreneurs to start a business or relocate an existing one. Residents and tourists alike enjoy shopping at Petoskey's downtown, which is known as the Lakeshore Mall. The Lakeshore Mall contains roughly 30 stores and services, including shops like The People Tree, Dream Weaver Originals, and Anicha Originals. When you're running a business, it's essential to make sure your employees are comfortable and happy in their workplace. Petoskey offers ideal working conditions and life outside of the workplace for its residents.

Petoskey is a great place to live because it's in close proximity to Chicago, but you still get the feel of living in the country with all of its natural beauty.

Job Opportunities 

Petoskey is one of those cities that continues to grow on a yearly basis. This means there are plenty of jobs for residents who want to work hard and earn a living here. If you're looking for a job in Petoskey but don't have experience, you can still find work at the local hospitals and nursing homes such as North Country Hospital and Woodland Health Care Center. Petoskey is also home to several restaurants, which are perfect for employees who want to find work in the food industry. There are plenty of fun jobs that people can enjoy here, too. Petoskey is home to some of the best golf courses in the state. If you're an avid golfer, Petoskey is where you want to be!

Community

Petoskey is a great place for people who want to make new friends and build strong relationships with their neighbors. As mentioned above, many residents choose to live here because of its natural beauty and various types of enjoyment. The best way to enjoy these enjoyment opportunities is to get out and do them! A simple walk at a park or along Lake Michigan can provide residents with an evening out with family and friends at the end of a long day. Petoskey remains a very tight-knit community where everyone knows everyone else. If you want to be part of a close-knit community, Petoskey is where you want to be.

Dining

Petoskey has numerous dining options for its residents and visitors. What's fantastic in Petoskey is that you can go to any restaurant, order anything on the menu, and know that you're receiving an excellent meal. the options include the Harbor Inn, the Petoskey Oyster Bar, The Pickle Barrel Deli, and more! There is no lack of exceptional food in this Michigan City, regardless of what you crave.

Entertainment

Petoskey offers a wide variety of ways to spend the evening. The best way to enjoy entertainment in Petoskey is by going out and exploring the city. There are numerous restaurants and pubs you can visit, and there is simply no need for you to go anywhere else! If you want to see a movie, you can go see one at The Lakeshore Cinema, located in the Lakeshore Mall. Petoskey also offers several sports teams that residents love to get behind, such as Leelanau Little League Baseball (LL) and North Country Little League (NCL).

Conclusion

Petoskey is an excellent city for residents who want to discover what life in the country is like. This Michigan City has something to offer everyone, especially those working in the restaurant and hospitality industries. Petoskey is a friendly, welcoming city that's perfect for retirees or young families.

The best way for you to understand what makes Petoskey an ideal place to live is by visiting!

Some of the most beautiful and idyllic spots in Leelanau county are located in the northern part of the county along the shores of Lake Michigan, particularly around Petoskey and Harbor Springs. For many years, these towns have embodied Michigan's splendid natural beauty and substantial history.

Petoskey is big enough to deliver constant liveliness yet small enough to retain that signature Midwestern friendliness. You'll feel right at home. Here you can find a home that you'll truly feel comfortable in, no matter your buying criteria. The city's stunning neighborhoods are home to an expansive range of dreamy single-family homes, sleek downtown homes, lake houses, and many more beautiful options. Hip, historic, and full of appeal through every season, Petoskey is an enviable place to put down roots no matter your age or interests.

Petoskey can be thought of as a big small town in all the best ways; it's easy to make friends, form lifelong connections, and get comfortable with your surroundings. It's also easy to get around and is wonderfully safe. However, it also has all the perks of the city lifestyle; fresh, exciting events and activities are always happening, and even the chilly winters are festive.

Walking around the city, you can find everything from locally-owned artisan shops to luxury retailers. World-class cuisine can be found on almost every corner alongside eclectic furniture stores, and coffee houses. Highly rated breweries and wineries also dot the city map. Outdoorsy folks can enjoy the fresh air in the city's stunningly beautiful parks or its beloved ice skating spots in the winter.

Schools Near Petoskey, Michigan

The Petoskey public school system is one of the areas best and largest. It includes the following schools: 

Central Elementary School

Lincoln Elementary School

Ottawa Elementary School

Sheridan Elementary School

Montessori

Petoskey Middle School

Petoskey High School 

Petoskey Annual Events

Arts in the Park, Watershed Council 40th Anniversary Meeting & Gala, Festival on the Bay, Emmet Charlevoix County Fair, The Bay 2 Braman Bolt: "A Race to Preserve History"

Focused on Northern Michigan Investment Real Estate

Brook is focused on lifestyle real estate investment properties as most people want a vacation home to make lifelong memories that endure for their entire family, leave a profound legacy for generations, and they want a solid financial investment at the same time. 

While the area does have many good realtors, there aren’t many with the unique financial, vacation home investing, and technology marketing background. Brook uses his diverse skill set to help clients properly evaluate and determine whether a vacation home makes financial sense.

"I have significant experience buying and selling Petoskey real estate and I'd like to help you find the perfect vacation home investment. Send me a message or give me a call at 231.459.3179 to learn more today."

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