Exceptional opportunity in downtown Petoskey! This beautifully updated 5-bedroom, 3-bath ranch-style home with a spacious walkout basement sits just a few blocks from the heart of Petoskey's historic Gaslight District and backs up to a public park. Thoughtful landscaping and a fully fenced backyard create a rare sense of privacy for an in-town property. The main level features three bedrooms and two full baths, with hardwood flooring throughout, a wood-burning fireplace, and a wall of windows that fill the space with natural light while offering views of the property and seasonal glimpses of the bay. The fully remodeled walkout basement adds remarkable versatility with two additional bedrooms, a full bath, a home theater, wine room, and dedicated spaces for an office and workout area—all anchored by a large gas fireplace. Outdoor living shines here. The expansive back deck is designed for entertaining and relaxation, featuring a covered outdoor kitchen, retractable awning, generous seating area, hot tub, and lush gardens. Completing the picture is a custom wood-fired sauna with a dressing room and outdoor shower. Truly, this home captures the essence of northern Michigan living—combining privacy, comfort, and proximity to all that downtown Petoskey has to offer.