Lavish Lake House sells for $18 million, tied for Michigan’s most expensive listing

A domain by the lake in Petoskey, Michigan, new to the market at $18 million, is now tied for first place in the race to be the most expensive home on the market in the Great Lakes state.

Perched on the shores of Lake Wallon, the house is one of the “most exquisite properties ever offered” in the area and “truly one of a kind”, according to the listing with Brad Rellinger and Eric Lohman of Harbor Sotheby’s International Realty, who bought the square at the market last week for the first time since it was built in 2018.

On its 14,636 square feet, the house has a multitude of luxuriously rustic finishes. In the great room, arched reclaimed Douglas fir beams traverse the 30-foot ceilings; the kitchen has knotty alder cabinets and granite countertops; a study is fitted with custom built-in wardrobes and pewter accented ceilings; and maple walls and coffered ceilings appear throughout.

The house has a full sized bar.

Port Sotheby’s International Realty

There’s also a bespoke wine cellar, a master bedroom – one of four – with a fireplace, double closets and marble floors, and a loft that provides a cozy place to read or watch movies, according to the list.

Downstairs, the lower level is ideal for entertaining with amenities including a full size bar, media room, gym with sauna, play areas and a golf simulator.

There is also a golf simulator.

Port Sotheby’s International Realty

And of course, what lake house would be complete without space for a boat? This one has a boathouse for two ships and a waterfront gazebo.

The property is being sold by a trust, according to property records, which purchased the underlying property in 2014 for just over $1.8 million.

According to records, there are only two other homes in Michigan with an $18 million price tag to match this one: One, also on Walloon Lake, is a century-old property linked to Ernest Hemingway that hit the market in June. The other is a 710-acre estate on Lake Huron that was listed in April.

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