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Favorite
  • 5 BDRM
  • 2 BTH
  • 3,561 SQ.FT
  • 0′ WF
1145 Woodridge Drive Petoskey MI 49770
$699,900
Status: Sold

Description

Growth-Minded Buyer Welcome. Positioned just outside the Petoskey city limits — where short-term rentals are restricted — this legacy asset sits within an emerging new construction corridor in the heart of Northern Michigan, offering rare flexibility and multiple approach opportunities including primary residence, traditional rental investment, short-term rental strategy, or cosmetic value-add repositioning. Surrounded by mature woods with Tannery Creek weaving through the backyard, the setting delivers privacy, natural beauty, and experiential potential — envision a quaint footbridge leading to a creekside firepit gathering space, a topographical advantage increasingly difficult to replicate. Protected view corridors overlooking Bay View Golf Course preserve scenic integrity and long-term desirability. Thoughtfully designed for everyday living and entertaining, this solid, meticulously maintained and professionally inspected residence is confirmed to be notably overbuilt, providing structural confidence and an ideal foundation for cosmetic enhancement and equity growth. Expansive living and family rooms are anchored by a custom double-sided stone gas fireplace, while the open kitchen serves as the heart of the home. The main-floor primary suite offers a private retreat with generous walk-in closet and spacious bath, and a dedicated office, den, or optional fifth bedroom adds flexibility. The finished lower level expands the footprint with a workshop, bonus room, and large recreation space with second stone fireplace. Abutting new development with rising home values, the property benefits from required landscaped buffering, privately funded road paving, and designated capital contributions for roadway and landscaping improvements. Lifestyle alignment, income flexibility, cosmetic upside, and corridor-driven appreciation converge in one strategic opportunity. Multiple winning strategies supported by structural integrity, scarcity, and corridor growth.

Directions

Division Rd to Counrty Club Rd, cross Tannery Creek then left on Woodridge

Disclaimer

Copyright © 2026 Northern Michigan MLS (NMMLS) Listing provided by Northern Michigan MLS (NMMLS). The information in this listing was gathered from third-party sources including the seller. Home Waters LLC its subscribers disclaim any and all representations or warranties as to the accuracy of this information.

Property Listed By

@properties Christie’s International Real Estate - Harbor Springs. 131 E Bay St Harbor Springs Michigan 49740

Property Sold By

Real Estate One. 1349 US 131 SOUTH PETOSKEY Michigan 49770

Real estate evaluation can be a very subjective measure. These properties were chosen based on a simple series of objective numbers and may not actually be very similar to the property being searched. Contact a professional REALTOR for assistance in evaluating any given property.

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Contact Chad Brown today!

(231) 499-8292