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702 Michigan, Petoskey, MI 49770

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For Sale

$949,000

4 beds • 4 baths • 1 half baths • 3,086 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $307.52
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Located within easy walking distance of downtown Petoskey's Gaslight District, this fully restored 1890s residence originally the historic Lawton Boarding House blends timeless charm with modern living. Thoughtfully redesigned, this home offers four bedrooms, including a first-floor primary suite with ensuite bath and an additional bedroom/studio with its own full bath. The spacious dining room and inviting parlor, featuring an original fireplace, radiate historic warmth and character. The second floor includes a family room with picturesque views of Little Traverse Bay, two additional bedrooms, two full baths, a full kitchen, and a convenient laundry area, ideal for guests or extended living. A spacious 2.5 car garage and ample off-street parking provide convenience and additional storage. Extensive Renovations (2011-2021): Carefully updated to retain its historic appeal, the home underwent a comprehensive transformation, with new plumbing, electrical systems, insulation, roofing, windows, and siding. High-end kitchen upgrades include a Fulgor Milano induction cooktop, Bertazzoni built-in ovens, and a custom penny-topped bar. The fireplace has been meticulously rebuilt, preserving original details such as a hand-painted slate surround and antique ash dump. All rooms now feature restored high ceilings and custom-milled wood trims that honor the home s architectural heritage. Eco-Conscious Outdoor Oasis: The property is situated on an 80x130 corner lot, with a backyard designated as a Certified Wildlife Habitat and a Monarch Waystation. The landscape promotes biodiversity with indigenous plants and perennials, while multiple seating areas, patios, and a dedicated grilling space create an ideal outdoor retreat. This distinctive property presents a unique opportunity to own a historic Petoskey gem, seamlessly blending old-world craftsmanship with luxurious, modern amenities.
MLS# 475185

Courtesy Of Coldwell Banker Schmidt
420 Howard Street, Petoskey, MI 49770
(231) 347-7600

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Dock, Ceiling Fan, Cable Ready
  • Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Refrigerator, Washer
  • Architecture Style
    Other
  • Cooling System
    Ceiling Fan(s)
  • Fireplace
    Fireplace
  • Heating System
    Forced Air
  • Roof Type
    Asphalt
  • Rooms
    Basement, Dining Room, Family Room, Kitchen, Living Room

Map and Directions

Directions to 702 Michigan, Petoskey, MI 49770

Home seller CENTURY 21 Northland

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Northland

(231) 929-7900
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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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