Condominiums

Bay Street Cottages

Nestled along one of Harbor Springs’ most picturesque streets, Bay Street Cottages offer a rare opportunity to own a slice of Northern Michigan’s historic waterfront charm. These quaint, beautifully maintained cottages are just steps from Lake Michigan’s Little Traverse Bay, downtown Harbor Springs, and the iconic waterfront promenade.

Perfectly positioned for year-round living or vacation escapes, Bay Street Cottages feature timeless architecture, cozy interiors, and inviting outdoor spaces. Whether it’s a relaxing morning coffee on your porch or a stroll to the marina, beach, or local shops and restaurants, life here is both vibrant and peaceful.

Bay Street Cottages for Sale in Harbor Springs MI

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Bay Street Cottages for Sale in Harbor Springs – Discover the Best Condo Deals of 2025

Introduction to Bay Street Cottages

Introduction to Bay Street Cottages

Overview of the Condominium Community

Nestled in the heart of Harbor Springs, Michigan, the Bay Street Cottages are a unique and highly sought-after collection of waterfront condominiums. These charming, upscale units combine classic Michigan coastal architecture with modern conveniences, offering residents an ideal blend of relaxation and functionality.

Location in Harbor Springs, Michigan

Harbor Springs is a picturesque resort town on the shores of Little Traverse Bay. The Bay Street Cottages sit just steps away from the marina, public beaches, and vibrant downtown area. This prime location makes them a rare gem for those who value scenic views, walkability, and a tranquil atmosphere.

History and Development Background

Bay Street Cottages were developed as part of a revitalization initiative to enhance Harbor Springs’ luxury housing offerings. Designed to maintain the coastal charm of the town, the cottages were built using quality materials, timeless designs, and a focus on community living.

Check out this video for a look at the Harbor Springs community. 


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Why Buy a Condo at Bay Street Cottages?

Why Buy a Condo at Bay Street Cottages

Prime Waterfront Location

The cottages boast unbeatable proximity to Lake Michigan, offering breathtaking sunrise views and the gentle sounds of lapping waves. Waterfront property is always in demand, and Bay Street delivers both exclusivity and accessibility.

Modern Amenities and Features

Each unit is outfitted with high-end appliances, granite countertops, hardwood flooring, and modern lighting. Whether you’re purchasing a weekend getaway or a full-time residence, these units offer a perfect mix of style and comfort.

Investment and Rental Potential

Given Harbor Springs’ reputation as a vacation hotspot, these condos have strong short-term rental potential. With seasonal tourists flocking to the area for boating, skiing, and festivals, owners can generate steady income when not in residence.

Property Types and Layouts Available

1-Bedroom and Studio Options

Ideal for singles or couples, these units offer cozy layouts with open-concept designs. They’re perfect for weekend retreats or as income-generating rental properties.

2-Bedroom Family-Friendly Units

With spacious living areas and separate sleeping quarters, the two-bedroom options cater to small families or retirees looking for extra space for guests.

Premium Units with Lake Views

Top-tier units feature expansive decks, floor-to-ceiling windows, and uninterrupted lake views. These are the most coveted units and typically command a premium on the market.

Pricing Trends and Real Estate Market in Harbor Springs

Pricing Trends and Real Estate Market in Harbor Springs

Average Listing Prices for Bay Street Cottages

As of early 2025, prices for Bay Street Cottages range between $400,000 and $850,000, depending on size, view, and location within the complex.

Recent Market Trends and Appreciation

Real estate in Harbor Springs has seen a consistent upward trend. Property values have appreciated by 6-8% annually over the past three years, with waterfront properties seeing the largest gains.

Comparison with Nearby Condo Developments

Compared to other condominiums like Downtown Lofts and Marina View Residences, Bay Street Cottages offer more charm, better water access, and a stronger sense of community.

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The following are our favorite Harbor Springs condominium communities:

Features and Amenities of Bay Street Cottages

Interior Finishes and Design

Units are crafted with coastal-inspired aesthetics, featuring whitewashed wood, soft palettes, and nautical accents. Kitchens come fully equipped with stainless steel appliances, while bathrooms feature spa-like fixtures.

Onsite Amenities and Shared Spaces

Residents enjoy access to a landscaped courtyard, a fire pit area, covered parking, and optional boat slips. There’s also a secure bike storage area and guest parking.

Maintenance and HOA Information

The Homeowners Association ensures the property is meticulously maintained. Monthly fees cover landscaping, snow removal, exterior upkeep, and access to shared amenities.

Lifestyle and Community Living

Lifestyle and Community Living

Year-Round Attractions and Events

Harbor Springs offers a year-round calendar of events—from summer art shows to winter ski festivals. Residents of Bay Street Cottages are perfectly positioned to enjoy all of it.

Walkability and Local Shops

Within a 5-minute walk, you’ll find boutique stores, gourmet restaurants, cafes, and art galleries. The town is designed for pedestrians, making it easy to explore on foot.

Safety and Neighborhood Feel

This part of Harbor Springs is known for its close-knit feel, friendly neighbors, and extremely low crime rate, making it perfect for families and retirees alike.

Financing Options for Bay Street Cottage Buyers

Mortgage Choices and Rates

Buyers of Bay Street Cottages have access to a variety of mortgage options through both local and national lenders. Fixed-rate mortgages remain the most popular choice due to their predictability. As of 2025, interest rates for qualified buyers hover around 6.25%, depending on credit history and down payment.

First-Time Buyer Incentives

First-time homebuyers may qualify for state-backed incentives and grant programs such as MSHDA loans (Michigan State Housing Development Authority). These options can help with down payments, closing costs, or even reduce monthly mortgage rates.

Partnering with Local Realtors

Working with a real estate agent who specializes in Harbor Springs properties—especially Bay Street Cottages—can give buyers an edge. Local agents often have early access to listings and can guide you through negotiations, inspections, and closing processes.

Steps to Buying a Bay Street Condo

Steps to Buying a Bay Street Condo

Viewing Appointments and Virtual Tours

Interested buyers can schedule in-person showings or request high-definition virtual tours. During peak seasons, it’s advised to book appointments in advance as availability can be limited due to tourism traffic.

Making an Offer

Once you find the ideal unit, your realtor will assist in drafting a competitive offer. In 2025, properties at Bay Street Cottages typically receive offers within 7-10 days of being listed due to high demand.

Closing and Legal Requirements

After the offer is accepted, expect a closing timeline of 30-45 days, during which inspections, appraisals, and financing finalization occur. Title insurance and a certified closing agent are required under Michigan law.

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Comparing Bay Street Cottages with Other Harbor Springs Condos

Comparing Bay Street Cottages with Other Harbor Springs Condos

Bay Street vs. Downtown Lofts

While Downtown Lofts provide modern city-style living, Bay Street Cottages offer a more serene, lakeside experience. Bay Street units also tend to hold their value better due to waterfront proximity.

Pros and Cons of Lakeside Condos

Pros: Scenic views, peaceful setting, proximity to water sports.
Cons: Higher insurance premiums, potentially higher HOA fees for maintenance of shared waterfront facilities.

What Makes Bay Street Unique

Bay Street’s blend of historic architecture, high-end interior design, and unbeatable location near the harbor gives it a unique charm that’s hard to replicate in other developments.

Rental Potential and ROI

Vacation Rental Demand in Harbor Springs

Harbor Springs draws thousands of tourists annually. Whether it’s boating in summer or skiing in winter, the area is a magnet for short-term rentals. Bay Street Cottages are perfectly poised to tap into this demand.

Average Occupancy and Rates

Short-term rentals in the area average 70–80% occupancy during peak seasons. Bay Street units typically rent for $250–$400 per night, depending on size and amenities.

Long-Term Lease Options

Longer lease arrangements are also feasible, with monthly rental rates averaging between $2,000 and $3,200. These options cater to professionals, retirees, and seasonal workers.

Local Attractions and Nearby Activities

Local Attractions and Nearby Activities

Harbor Springs Marina

The marina is just a stone’s throw away from Bay Street Cottages. It's a hub for boating, sailing, and sunset cruises—ideal for waterfront lifestyle enthusiasts.

Local Restaurants and Cafes

Popular spots like The New York Restaurant, Small Batch at the Cupola, and Tom’s Mom’s Cookies are within walking distance. Dining in Harbor Springs is a delightful experience filled with local charm.

Beaches, Parks, and Trails

Enjoy outdoor recreation at Zorn Park Beach, Petoskey State Park, and the Tunnel of Trees scenic drive. Whether you're hiking, cycling, or swimming, there’s no shortage of activities.

Testimonials from Current Residents

Living Experience Insights

Residents rave about the peaceful ambiance, stunning views, and welcoming community. Many cite the proximity to both nature and culture as a top selling point.

Resident Stories and Reviews

One homeowner shared, “I’ve lived here year-round for five years and still find new things to love every season. It's the best decision I ever made.” Another remarked on the rental income potential, calling it “the perfect mix of investment and lifestyle.”

Environmental and Sustainability Aspects

Green Building Features

Many units include energy-efficient windows, LED lighting, and programmable thermostats. These features reduce energy consumption and improve long-term sustainability.

Community’s Eco-Friendly Initiatives

Bay Street supports green living through recycling programs, native landscaping that conserves water, and bike-friendly pathways that encourage low-impact travel.

Expert Advice from Local Real Estate Agents

Best Time to Buy

Late fall and early spring are often ideal times to buy, as inventory may be slightly higher and competition lower than in peak summer months.

Negotiating Tips

Agents recommend coming in slightly below asking price, but not too low to avoid losing out in competitive situations. Including contingencies like financing and inspections is standard.

Common Pitfalls to Avoid

Be wary of overlooking HOA rules and restrictions. Some units have limitations on rentals or renovations, so always review documents before closing.

Frequently Asked Questions about Bay Street Cottages for Sale

Frequently Asked Questions about Bay Street Cottages for Sale

Q. Are pets allowed?

A. Yes, most units allow pets with certain restrictions and a pet deposit.

Q. Is short-term renting permitted?

A. Short-term rentals are allowed in select units, depending on HOA guidelines and city ordinances.

Q. How much are HOA fees?

A. HOA fees typically range from $250 to $500 per month, depending on unit size and amenities.

Q. What are the average property taxes?

A. Annual property taxes vary but generally range from 1.6% to 2% of the property’s assessed value.

Q. Is there assigned parking?

A. Yes, every unit includes at least one assigned parking space, with additional guest parking available.

Q. Are there any upcoming developments nearby?

A. Yes, Harbor Springs is seeing modest development in luxury vacation housing and community spaces, adding to the area's appeal without overwhelming its charm.

Conclusion – Is a Bay Street Cottage Right for You?

Final Thoughts on Investment

Bay Street Cottages offer more than just a place to live—they provide an enriching lifestyle, strong investment potential, and an opportunity to be part of a close-knit, scenic community. Whether you're looking for a primary residence, vacation home, or rental property, these condominiums tick all the right boxes.

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Explore homes in the condominium lifestyle communities below or contact Brook Walsh to help with your search. You can also reach Brook by phone at (231) 459-3179 for all of your Northern Michigan real estate needs.

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