701 E Beach St, Petoskey, MI, 49770
About This Home
Experience the pinnacle of Northern Michigan living in this exquisite 5-bedroom, 6.5-bath custom home located in the coveted Village Beach Association. Offering unobstructed panoramic views of Lake Michigan, this stunning residence seamlessly blends timeless elegance with modern comfort in one of the region’s most desirable lakefront communities. The main level welcomes you with a light-filled open-concept kitchen, dining, and living area, designed for effortless entertaining and everyday luxury. High-end finishes, top-tier appliances, and expansive windows invite the beauty of the lake indoors. Downstairs, the lower level is tailor-made for relaxation or hosting, featuring a spacious family room and full bath — perfect for game nights, movie marathons, or casual gatherings. On the second floor, retreat to the expansive master suite, a private sanctuary with breathtaking lake views, a spa-inspired master bath, and a generous walk-in closet. Two additional en-suite bedrooms also offer sweeping vistas of Lake Michigan, providing comfort and privacy for family and guests alike. The third floor showcases a spectacular fifth en-suite bedroom with a dedicated sitting area, ideal for a guest retreat, office, or multi-generational living. Step outside to an outdoor oasis unlike any other — from the meticulously manicured grounds to the spacious patio areas, fire pit, and basketball court, every detail is designed for family fun and effortless entertaining. Village Beach is not only a serene and luxurious enclave — it also offers exceptional rental potential, making this a savvy investment opportunity. All just a short stroll from the charm and culture of downtown Bay Harbor, including world-class dining, boutique shopping, and the acclaimed Great Lakes Center for the Arts. Joining the Bay Harbor Yacht Club is optional but provides access to an array of dining options, state of the art workout facility, racket sports, full service spa, and more. Visit www.bayharboryc.com.
Getting Around
Car-Dependent
Very Limited Transit
BikeableSchools
Construction
Materials
- Construction materials: Wood Frame/Site Built
Type & Style
- Home type: SingleFamily
Interior
Appliances
- Appliances included: Built-in Microwave,Dishwasher,Disposal,Refrigerator,Washer,Dryer,Range
Basement
- Has basement: Yes
- Basement: Full,Finished
Bedroom
- Area: 272
Bedroom1
- Area: 156
Bedroom2
- Area: 744
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 7
- Full bathrooms: 6
- 1/2 bathrooms: 1
Dining Room
- Area: 247
Family Room
- Area: 450
Features
- Flooring: Wood
- Fireplace features: Gas
- Fireplace: Yes
Heating & Cooling
- Heating features: Natural Gas,Forced Air
- Cooling features: Ceiling Fan(s),Central Air
Interior Area
- Total interior livable area: 3,978 sqft
Kitchen
- Area: 247
Living Room
- Area: 247
Master Bedroom
- Area: 450
Property
Details
- Parcel number: 521803410165
Features
- Levels: Two Or More
- Patio & porch: Deck,Patio
Lot
- Features: Paved
Parking
- Parking features: Attached Garage
- Has garage: Yes
- Covered spaces: 2
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
- Lightning
- Hail
- Inland Flooding
- Strong Wind
- Tornado
- Winter Weather
- Tsunami
How This Home’s Risks Compare
FEMA Declared Disasters in Emmet County and Michigan
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
| Monthly | Annual | |
|---|---|---|
| Mortgage | $14,663 | $175,956 |
| Home Insurance * | $1,602 | $19,224 |
| Property Taxes | $1,981 | $23,772 |
| Electricity | $433 | $5,206 |
| Total | $18,679 | $224,148 |
Income You'd Need if You Spent...
Michigan FAIR Plan Programs
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.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-22 | Price change | $3,199,000 |
| 2025-09-18 | Price change | $3,399,000 |
| 2025-08-13 | Price change | $3,799,000 |
| 2025-07-23 | Listed for sale | $3,900,000 |
| 2016-03-31 | Sold | $1,350,000 |
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