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1515 Castle Dr, Petoskey, MI, 49770

2beds
2baths
1,297sqft
$379,000
$292price/sqft
$2,571/moest. monthly cost
$102,840/yrincome needed

About This Home

Castle drive has become one of the more desirable spots for a condo in Petoskey. Perfect for locals prioritizing convenience, value, or looking to downsize, as well as out of towners who want an easy place to land up north. The Meadows association is minutes from downtown Petoskey, and within walking distance to the cinema, grocery stores, and shopping. This second-floor condominium unit features 2 bedrooms, 2 bathrooms, a private balcony, and well as an attached one car garage. Call for a private showing.

Getting Around

33
WalkingCar-Dependent
0
TransitVery Limited Transit
39
BikeSomewhat Bikeable

Schools

10/10
Lincoln SchoolGrades K-51.0 mi
9/10
Petoskey Middle SchoolGrades 6-82.2 mi
7/10
Petoskey High SchoolGrades 9-122.1 mi

Construction

Materials

  • Construction materials: Wood Frame/Site Built

Type & Style

  • Home type: Condo
  • Property subType: Condominium

Interior

Bedroom

  • Area: 121.625

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Dining Room

  • Area: 80.625

Heating

  • Heating features: Natural Gas,Forced Air

Interior Area

  • Total interior livable area: 1,297 sqft

Kitchen

  • Area: 135.41666666666669

Living Room

  • Area: 338.8333333333333

Master Bedroom

  • Area: 144.9861111111111

Property

Details

  • Parcel number: 011907155192

Parking

  • Parking features: Attached Garage
  • Has garage: Yes
  • Covered spaces: 1

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveVery High
  • Lightning
    LightningRelatively High
  • Hail
    HailModerate
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Lightning
Hail
Inland Flooding
Strong Wind
Tornado
Winter Weather
Tsunami

FEMA Declared Disasters in Emmet County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,916$22,992
Home Insurance *$209$2,508
Property Taxes $258$3,096
Electricity $188$2,259
Total$2,571$30,852
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$88,148/yr
40% on housing$77,130/yr
45% on housing$68,560/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 4.2%
4.2%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 2.5%
2.5%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$292This listing

vs Other Active Listings

Avg $/sqft

ZIP 49770$456
Emmet County$420

vs Homes Sold Last Month

Median $/sqft

ZIP 49770
Emmet County$223

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-08-16Price change$356,900
2026-08-04Price change$359,900
2026-07-07Price change$379,000
2026-06-26Price change$389,000
2026-06-12Listed for sale$399,000
2009-03-18Sold$119,000

For Sale by Agent

AgentPete Platte
BrokerageGaslight Group Properties

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