Walloon Lake Real Estate, Cottages & Waterfront Homes

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Walloon Lake Waterfront Homes

Recognized as an incredible summer vacation destination, Walloon Lake spans 9 miles in length and over 4,000 acres in size. Waterfront homes along the lake provide exceptional views and countless opportunities for outdoor recreation. From fishing to boating, year-round residents and renters are invited to experience the peace and tranquility of Walloon Lake every single day. Select from luxurious properties or build your dream home on the vacant plots of land. View all waterfront real estate below, or about Walloon Lake.

Walloon Lake Waterfront Statistics

Average Price	$6.6M
Lowest Price	$2.1M
Highest Price	$13.6M
Total Listings	10
Avg. Price/SQFT	$1.8K

Property Types (active listings)

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$7,990,000

6166 Lake Grove Road, Petoskey

4 Beds 6 Baths 4,706 SqFt RESIDENTIAL MLS® # 476997

$7,700,000

651 South Shore Drive, Boyne City

5 Beds 6 Baths 4,400 SqFt RESIDENTIAL MLS® # 479403

$7,699,000

353 & 325 E Shadow Trails Road, Boyne City

4 Beds 3 Baths 3,458 SqFt RESIDENTIAL MLS® # 479502

$4,399,000

353 E Shadow Trails Road, Boyne City

3 Beds 2 Baths 2,540 SqFt RESIDENTIAL MLS® # 479503

$3,995,000

↓ $155,000

818 Whitfield View, Walloon Lake

4 Beds 4 Baths 4,600 SqFt RESIDENTIAL MLS® # 478173

$3,290,000

325 E Shadow Trails Road, Boyne City

1 Bed 1 Bath 918 SqFt RESIDENTIAL MLS® # 479505

$2,695,000

↓ $155,000

4564 Oak Bluff, Walloon Lake

6 Beds 5 Baths 4,667 SqFt RESIDENTIAL MLS® # 478280

$2,555,000

3135 Depew Road, Petoskey

4 Beds 3 Baths 3,981 SqFt RESIDENTIAL MLS® # 479947

$2,325,000

1474 North Shore Drive, Walloon

5 Beds 5 Baths 2,041 SqFt RESIDENTIAL MLS® # 479976

$2,100,000

8630 Curtis Lane, Petoskey

3 Beds 2 Baths 1,393 SqFt RESIDENTIAL MLS® # 479940

$1,299,000

4472 M-75 Highway, Walloon Lake

3 Beds 6 Baths 11,518 SqFt COMMERCIAL/INDUSTRIAL MLS® # 478905

$1,240,000

4497 Fourth Street, Walloon Lake

4 Beds 4 Baths 2,673 SqFt RESIDENTIAL MLS® # 480040

$659,900

↓ $40,000

4160 M-75 N, Walloon Lake

3 Beds 2 Baths 2,017 SqFt RESIDENTIAL MLS® # 478330

$590,000

↓ $69,000

6243 Lake Grove Road, Petoskey

3 Beds 2 Baths 1,355 SqFt RESIDENTIAL MLS® # 479632

$550,000

5924 Walloon Meadows Circle, Petoskey

4 Beds 4 Baths 3,300 SqFt RESIDENTIAL MLS® # 479957

$519,900

4041 Renwick Lane 14, Walloon Lake

1 Bed 1 Bath 981 SqFt RESIDENTIAL MLS® # 478653

New

$425,000

04480 Walloon Court, Boyne City

3 Beds 2 Baths 2,417 SqFt RESIDENTIAL MLS® # 480081

$98,700

↓ $11,300

Deerfield Trail, Boyne Falls

0 Beds 0 Baths 0 SqFt Vacant Lot/Land MLS® # 1944170

Discover Walloon Lake Waterfront Homes For Sale - 49796

Known for its clean, spring-fed turquoise waters that are reminiscent of the Caribbean, Walloon Lake is seen by many as the gem of northern Michigan. Carved by ancient glaciers, the lake itself holds a singular shape, with each arm possessing distinct characteristics. Green hills full of lush forests surround calm waters that are perfect for swimming, boating, and fishing. A haven for classic wooden boats, these emblems of up north lake culture are celebrated each August at the annual Walloon Woodies festival.

Morel hunters take to the woods in the spring before the lake is teeming with activity throughout the summer. At the end of the season, things quiet down again for a peaceful winter dotted with ice fishing, skiing, and an ice skating rink installed right on the shores of the lake. Delicious waterfront dining can be found at Barrel Back and the Walloon Lake Inn, while the Walloon Lake Country Club provides opportunities for golf, tennis, and pickleball with a handsome clubhouse overlooking the lake. Life on the lake is peaceful and secluded, with Petoskey, Harbor Springs, Charlevoix, and Bay Harbor all a short drive away. Notably, in 2023 Travel + Leisure Magazine awarded Hotel Walloon the honor of Best Resort in the Midwest, and No.5 in the United States.

At the turn of the century, scores of wealthy industrialists and entrepreneurs built their luxurious summer waterfront homes along the shores of Walloon Lake. Many of these historic Walloon Lake cottages still stand today, providing rich insight into the area’s foundation as a summer destination. Ernest Hemingway was only a few months old when he first ventured to Windemere cottage with his family in 1899, returning throughout his boyhood to spend the summers hunting, fishing, swimming, and canoeing. The north woods provided ample inspiration for the young writer. You’ll find snippets of Walloon Lake and the surrounding areas in “Wedding Day,” "Summer People,” “Up In Michigan,” “Big Two-Hearted River,” and many other Hemingway stories.

As a seventh generation resident of Walloon Lake and member of the Land Preservation Committee of the Walloon Lake Association and Conservancy, Wally Kidd is dedicated to keeping this slice of heaven an esteemed legacy destination. You’ll find that Walloon Lake is one of the most desirable locations for both year-round residents and those seeking an exceptional second home.

Walloon Lake Real Estate By Property Type

Get a Slice of Northern Michigan Paradise at Walloon Lake

Walloon Lake real estate values have been increasing since 1970, and it's no wonder why. It's far away enough to unwind and close enough to the conveniences of urban life—Northern Michigan style. No matter what speed you live at, you've found a sweet-spot.

Are you interested in a Walloon Lake waterfront home, Walloon Lake Condos or a Walloon Lake property? Contact Wally Kidd at 231.838.2700 to learn more about Walloon Lake waterfront properties and homes for sale on Walloon Lake.