Walloon Lake

About Walloon Lake

A bed of crystal-clear azure waters surrounded by nature’s lush green bounty and an atmosphere of tranquility all beckons vacationers from around the country to come and relax by the luscious Walloon Lake. While still a quaint lake with a quaint village near the sandy beaches, the lake has flourished into a thriving vacation spot. People come to lay by the cool waters, engage in various water sports or sail across the calm waters and sit in tranquility. Growing and successful, the Walloon Lake real estate offers splendid properties to buy, sell or rent.

Real Estate Statistics
Total Listings 14
Average Price $1,911,714
Highest Price $9,800,000
Lowest Price $395,000

Browse Walloon Village Real Estate Listings

All Listings $300,000 - $400,000 $600,000 - $700,000
$700,000 - $800,000 $800,000 - $900,000 $900,000 - $1,000,000
Over $1,000,000

Browse Walloon Village Real Estate Listings

14 Properties Found. Page 1 of 3.
Photo of Listing #460783

6325 Indian Garden, Petoskey

$9,800,000 - 7 Beds, 8 Baths, 9,652 Sf

MLS® # 460783

Photo of Listing #456689

4748 Lake Grove Road, Petoskey

$3,290,000 - 7 Beds, 6 Baths, 5,700 Sf

MLS® # 456689

Photo of Listing #458152

07640 Fox Run, Petoskey

$2,550,000 - 5 Beds, 6 Baths, 4,108 Sf

MLS® # 458152

Photo of Listing #458393

4946 Longman Lane, Petoskey

$1,999,000 - 5 Beds, 5 Baths, 3,570 Sf

MLS® # 458393

Photo of Listing #457159

8872 Deer Run, Petoskey

$1,499,000 - 4 Beds, 3 Baths, 3,000 Sf

MLS® # 457159

Photo of Listing #456908

7955 Indian Garden Road, Petoskey

$1,299,000 - 3 Beds, 3 Baths, 2,900 Sf

MLS® # 456908

Check out this video for a look at Walloon Lake real estate, or read on to learn more about life on Walloon Lake


Brook Walsh signature

Walloon Lake Real Estate

Walloon Lake is a glacier-formed lake located in Charlevoix and Emmet counties, just southwestward from the northern tip of the Lower Peninsula of Michigan. It is now home to many vacation homes and cottages. Though the end of the west arm of the lake is less than 1 mile (1.6 km) from Lake Michigan, Walloon Lake's surface elevation is over 100 feet (30 m) higher.

According to the butcher J. R. Haas, Walloon Lake is thought to be originally named after a Belgian settlement. While no real evidence of the settlement has ever been found, the lake, which was then called Bear Lake, derived its name from the Belgian immigrants called Walloons. Since then the lake and village around started growing into a quaint little recreational spot. The clear waters of the lake, cozy cottages and the local forestry nudged rapid growth.

While the exodus of trains in the 1900s slowed business, in the past few decades Walloon Lake has flourished once again. People lured in by the lake's natural beauty and the possibilities of many recreational activities, Walloon Lake has become a people's favorite in Michigan. They can come around spend time on the lake or roam in the streets of the village to get away from the busy city life.

This is why many people have chosen to build properties near the lake so they have access to uninterrupted fun. Walloon Lake real estate includes various luxurious houses, condos and lots near the lake. Investing in Walloon Lake real estate provides the opportunity to have access to make unforgettable memories surrounded by nature’s magnificent beauty.

Fishermen love the Walloon Lake area, as did Ernest Hemingway, who spent his summers at the family cottage nestled along the lake's shore.

Real-estate value has increased rapidly since the 1970s, and many large houses have been built around the lake. There are two camps on the lake: Camp Daggett and Camp Michigania, the University of Michigan 's Alumni Association camp. Starting around 2010, the area on the foot of the lake began redevelopment. New condominiums were constructed. In the next few years, a restaurant was built, and a retail store was created on the site of the old SI's marine. In 2014 developers broke ground on a new hotel to sit in between the marina and condominiums.

Settled against the breathtaking backdrop of Walloon Lake, Hotel Walloon an independently owned and operated boutique hotel features 32 unique, elegant and comfortable guest rooms. Centrally located between Petoskey, Boyne City, Charlevoix, Traverse City, and Mackinaw, Hotel Walloon is the perfect "home away from home" to enjoy all the adventure Northern Michigan has to offer.

Walloon Lake Community Highlights

For over 120 years, Walloon has been a place where many of the icons of American business and their families have summered.  It is the place where Ernest Hemingway spent his summers as a youth. The lake’s rolling hills and clear, beautiful waters have always been the center of its attraction.

Fisherman love the Walloon Lake area, as did Ernest Hemingway, who spent his summers at the family cottage nestled along the lake's shore.  Walloon Lake is a very desirable summer resort area. Travelers and locals boat, swim and play in the 100-foot waters. which are as clear and blue now as 100 years ago.

Walloon is the 22nd largest lake in Michigan with a surface area of 6.9 square miles and is one of the state’s deepest lakes with mean and maximum depths of 28.9 feet and 100 feet respectively.  The shoreline length is 30 miles and is 9.2 miles at its longest point from the tip of the West Arm (Mill Pond) to the Foot (Walloon Lake Village).  Walloon Lake is fed primarily by groundwater, with only a few inlet creeks. It has existed in pre-glacial times as a river valley which was re-shaped and deepened by glacial activity.

Camp Daggett has provided meaningful and memorable recreational experiences for the young and young at heart for over 90 years. Embracing its values of respect, teamwork, caring and fun, Camp Daggett offers year-round programs from summer camp for youth to Adventure Programs for young people and adults. The Camp Daggett facilities are available to the public for events and activities as well.

Michigania isn’t just a place to visit, it’s a place in the hearts of many. It’s where children have learned to shoot an arrow, sang songs and listened to stories beside the fire. It’s where kids scraped a knee but kept on having fun, and perhaps where someone had their first crush. Camp Michigania is much more than just a place to visit, it’s a tradition people keep alive, and it doesn’t have to end with the summer.

In a few places on the lake, a naturally occurring sandbar has formed near shore, providing shallow water and an opportunity to wade or swim. The state forest land near camp Michigania offers a wonderful opportunity to anchor and enjoy an afternoon of swimming and relaxation. 

Walloon Lake Annual Events

Walloon Winterfest - Snowmobilers welcome, bean pot, disc golf, skating Walloon Lake, Rock Out with Your Dock Out - Summer kickoff, Walloon Watersports Festival, Antique Flywheelers Show, National Street Rod Association, Appreciation Car Show & Classic Instruments Open House - 9am-4pm, Wakesetters, and Wine, Walloon Woodies 

Schools Near Homes in Boyne City, Michigan

Walloon Lake is very large and actually encompasses three towns, PetoskeyBoyne City, and Walloon Lake.  As a result, we are showing information for both Petoskey and Boyne City school systems (Walloon Lake does not have a school)

The Charlevoix Intermediate School District (Char-Em ISD) is responsible for students in the Boyne City area. Char-Em ISD serves local school districts within Charlevoix, Emmet, and northern Antrim counties.  The districts within our service area cover approximately 1,100 square miles and collectively operate 11 local public schools, three public school academies, and six private schools, serving more than 9,000 students. Boyne City Public Schools offer the following schools: 

There is also a tuition-free charter school, Concord Academy, that is committed to fine arts as a necessary part of a child's education.

Schools Near Homes in Petoskey, Michigan

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 Walloon Lake 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."

Continue Your Northern Michigan Real Estate Search
Explore homes and real estate in the Northern Michigan communities below or contact Brook Walsh to help you with your search. 

Emmet Association of Realtors (Northern Michigan MLS) LogoThe data relating to real estate on this web site comes in part from the Internet Data Exchange Program of the Northern Michigan MLS (NM-MLSX). Real estate listings held by brokerage firms other than Berkshire Hathaway Home Services are marked with the NM-MLSX logo and the detailed information about said listing includes the listing office. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Berkshire Hathaway Home Services shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. Northern Michigan MLS, Inc © All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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