Lake Charlevoix vacation homeIf you value lifestyle in combination with an appreciation profile, there just might be a place in your portfolio for a Northern Michigan vacation home that makes financial sense. Vacation home prices typically lag major market residential rates by 12-36 months.

But with asking prices for Northern Michigan waterfront and ski-proximate real estate up 10 percent to 20 percent this year (based on 24 months sold price per sq ft averages), discounting has not hit our market.

 While the obligations and negative cash flow aspects of ownership can sometimes be burdensome, the numbers still work as illustrated on our Investment Performance page. Now is the time to explore the pluses and minuses of buying a Northern Michigan vacation home property…

1242 Views, 0 Comments

Read Full Post

Home to an artsy, outdoorsy community, East Jordan is perhaps best known as the gateway to one of Northern Michigan's coolest wild places: the Jordan River Valley, an 18,000-acre paradise loaded with old-growth forest and the pristine Jordan River.  Because of the area's rich history, the homes for sale in the East Jordan real estate market are typically charming cottages and mature single-family homes, each with its unique perks and varying property sizes.  If you're looking for a home with a little more privacy, it doesn't get much better than right here. Properties here, especially those on large parcels, are hugged by lush patches of woodlands and greenery, which further enhances that feeling of exclusivity and seclusion. 

Harborage…

746 Views, 0 Comments

Read Full Post

Nestled in the space between Lake Charlevoix and Lake Michigan, the city of Charlevoix is home to nearly 2,500 residents. As such, this quiet community enjoys great access to recreation along the lakes and conveniences at the heart of the big city. When it comes to the Charlevoix, MI real estate market, buyers will find that there is a nice selection of single-family homes and condominiums available. Note: We are including five condominium communities in this list that are actually on Round Lake, technically not Lake Charlevoix, but they are connected so it made sense to do so to us.  Charlevoix condominiums for sale are some of the most sought-after real estate options in Northern Michigan.  

Edgewater Inn Condominiums in downtown…

949 Views, 0 Comments

Read Full Post

Boyne City is the epitome of a charming Northern Michigan town; where familiarity runs deep and waves exchanged by those passing by.  With roots that date back as far as 1856, Boyne City has always been cherished for its small-town allure and relaxed way of life.  

Surrounded by the peace and tranquility of nature, friendly locals, waterfront wonders, and endless nature trails to explore, Boyne City might be just the rural paradise you're looking for. 

Traditional communities, all built within the last several decades, woven together with a lovely little downtown area that residents adore.  For these reasons, it's no surprise that Boyne City real estate attracts all types of buyers, from young professionals to families to retirees. 

It's easy…

1749 Views, 0 Comments

Read Full Post

There's a reason this beautiful Northern Michigan lake placed second only to Lake Tahoe in USA Today's readers poll of America's best lakes.  A boat tour of Lake Charlevoix will not only give you a beautiful day on the water but access to three of the Northern Michigans best small towns;

  • Boyne City, at the eastern edge of the North arm, has seven condominium complexes located directly on Lake Charlevoix. (Click here to learn more about Boyne City, Michigan Lake Charlevoix Condominium Investment opportunities)

  • Charlevoix, on the lakes western edge, has two condominium complexes located directly on Lake Charlevoix. (Click here to learn more about Charlevoix, Michigan Lake Charlevoix Condominium Investment opportunities)

  • East Jordan, at…

1647 Views, 0 Comments

Read Full Post

For more than 90 years, the Belvedere Golf Club in Charlevoix has been a historic landmark in Northern Michigan, and this summer the club, members, and local officials paid tribute to that history with a re-dedication ceremony.

The event recognized the recent restoration work done to the William Watson-designed course, a project which made use of the original lost plans that were found last summer during the demolishment of an old building in Charlevoix. While aerial photos existed from the late 1930s, there was no actual documentation of the original parkland design with its classic flowing fairways, strategic bunkers, and subtle greens.

More than 125 members of the golf club and Belvedere Club gathered and celebrated the history…

362 Views, 0 Comments

Read Full Post

SOLD: 1049 Ridgeline Boyne Falls, MI 49713 - $839,900
MLS: 457981 - Boyne Mountain Estate Sold for $775,000

This custom log home is perfectly located in the Mountain Club at Boyne Mountain Resort and overlooks Deer Lake. The home has been meticulously maintained and no detail was missed when building this beautiful home. The property offers an open floor plan perfect for entertaining family and friends and includes four bedrooms, three and one baths and a finished lower level with a family room and wetbar. (Click here to see Northern Michigan's finest collection of Boyne Mountain vacation rentals)

The home is perfect for the ski and golf enthusiast. Plenty of storage throughout the home and a 3 car garage. Truly a must see!Measurements believed to be…

523 Views, 0 Comments

Read Full Post

A blanket mortgage is designed to finance the purchase of multiple properties simultaneously.1 They’re often used by real estate investors and commercial property owners looking to buy up several properties at once. Because they condense multiple mortgage applications into a single one, they’re able to save time, reduce costs, and increase efficiency for buyers.

In some cases, consumers might consider a blanket mortgage in order to finance a new home’s construction.

When to Use a Blanket Mortgage 

Blanket mortgages are most often used by investors, commercial property owners, and multifamily buyers looking to rent their properties or otherwise make income off of them. Investors often use…

906 Views, 0 Comments

Read Full Post

SOLD: Walloon Lake 06310 Red Pine Road Boyne City, MI 49712 - $999,000
MLS# 453571 - Gorgeous Walloon Lake home sells in Boyne City, Michigan.

A great fixer-upper! Here is an opportunity to put the finishing touches on this remodel. House structurally has good bones and upgraded Anderson windows and doors. Great location on Walloon Lake with 140 feet of frontage. Large lakeside deck and expansive dock with great west arm view. Located in a quiet neighborhood setting. (Click here to see all Walloon Lake, Michigan Homes for Sale)
Please contact Brook Walsh for help selling your Walloon Lake property at brook@nmescapes.com, www.brookwalsh.com, or (231) 459-3179 for a showing today!



Focused on Northern Michigan Investment Real…

812 Views, 0 Comments

Read Full Post

 

When you invest in Northern Michigan real estate, there are several ways you can make money:

  1. Real Estate Appreciation
    It is when the property increases in value due to a change in the real estate market, the land around your property becoming scarcer or busier like when a major shopping center is built next door or upgrades you put into your real estate investment to make it more attractive to potential buyers or renters. Real estate appreciation is a tricky game. It is riskier than investing in cash flow income.

  2. Cash Flow Income
    This type of real estate investment focuses on buying a real estate property, such as an apartment building, and operating it, so you collect a stream of cash from rent, which is the money a…

2262 Views, 0 Comments

Read Full Post