Nestled on the shores of Lake Michigan's Little Traverse Bay, the Petoskey Real Estate market has shown steady growth over the past several years, and more and more people are finding out just how exciting this city can be.

A Dining Guide to Petoskey, Michigan

If you’re traveling through the northern side of Michigan, be sure to stop in Petosky. Located on the southern side of Little Traverse Bay on Lake Michigan, it boasts having one of the most treasured downtown areas in all the United States. The shops and residents bring a blend of future innovations while still respectfully showcasing the true beauty of the past.

With several marinas at your disposal and plenty of docking space, you can spend the day enjoying the wild waters of Lake Michigan on your boat or yacht. Or you can strut around the heritage square and see what treasures you may find as you walk the same steps as some famous people of history. But, be sure to save some time to enjoy one of the many…

130 Views, 0 Comments

The leading Tourist Destination in Lake Michigan

Lake Michigan was derived from the word Mishi game which refers to a big lake. The lake is one of the great water bodies in North America. Lake Michigan is the only great lake lying entirely in the United States. It’s believed that the first Europeans to see Lake Michigan were French merchants and explores in the early 1600s. Glacier movements with massive ice sheets eroded the land leading to its creation. The great lake shares its boundaries with four states which are; Indiana, Michigan, Illinois, and Wisconsin. Lake Michigan is classified as the leading tourist destination attracting people from all around the world.

A Travel Guide to Lake Michigan
Samuel de Champlain was a French explorer who…

329 Views, 0 Comments

Is The Northern Michigan Condominium Lifestyle Right For You?

Condominiums are one of the most misunderstood types of real estate you can buy. They get a lot of hate when compared to apartments and homes for no reason. Many people are unable to tell you the difference between an apartment and what a condo is. Moreover, condos come in multiple forms and can look like a house, apartment, or townhome. The thing that defines a condo is ownership. 

Our team has an entire list of reasons to buy a condo and reasons not to buy a condo. Living in a condo is different than living in a home. There are always a few things to consider when moving to a condo: finances and social life. A home is much more private and often more expensive than a condo. Condos are…

103 Views, 0 Comments

Bay Harbor: The Community You Dreamed of But Didn’t Think Existed!

Ask historians to describe the state of Michigan’s earliest settlements and you can expect a fanciful look at romantic explorers, Native American encampments and idyllic tales of villages popping up along Lake Michigan. But history didn’t end with the evolution of powerful cities and industries that made the state unique among neighbors: One of the state's most beautiful locations, Bay Harbor, has a unique past.

Once a rough and tumble mining town set up along the lake that also produced some of the Midwest’s constantly-needed cement plants, 1200 acres of pristine land, totaling five miles of Lake Michigan shoreline, were ravaged in the name of progress.

Despite sporadic attempts at…

1581 Views, 0 Comments

There's nothing more dreamy and luxurious than the waterfront lifestyle, and owning your own lake house. Waking up to the sunrise over the water, boat rides with friends on the lake, and cookouts with the family on the shore. This is a lifestyle of luxury and relaxation, as well as socializing and fun.

Whether you are looking for a quiet spot to retire or a vacation home that would be perfect for the kids, Abode Real Estate offers an abundance of lakefront options in beautiful Northern Michigan to suit your needs.

Michigan is home to the largest and some of the most beautiful lakes in North America, and one of the best areas for boating. Northern Michigan attracts avid fishermen and boat enthusiasts from all around the world due to its beautiful…

101 Views, 0 Comments

Capitalization rate (also known as cap rate) is the rate of return on a commercial real estate investment.

While cap rate does not consider the impact of mortgage financing, a general rule of thumb is whether the cap rate is above or below the interest rate. If the cap rate is greater than the interest rate, you’ll generally come out ahead. If the cap rate is lower than the interest rate, you’ll be relying on appreciation for your return, making it a riskier speculative investment.

How to calculate cap rate

The formula for cap rate is simple: income, fewer expenses, divided by the purchase price.

On a long-term rental, multiply the monthly rental rate by the number of months per year you expect the property to be rented. In areas with…

107 Views, 0 Comments

7 Tips for Skiing and Snowboarding in Cold Weather

Winter at Boyne Mountain can get cold in some months! But without the Lake Michigan affect weather, Boyne Mountain Resort's powder snow wouldn't be what it is and we wouldn't be writing this article to help you stay warm on your ski vacation! With a little preparation and maybe a smart purchase or two along the way, you can ensure that you won't need to worry about the cold and you'll be carving down the slopes on even the most blustery of days.

  1. Lots of layers. Rule number one is a no-brainer for most. In order to prevent heat loss, the best method is to wear multiple layers rather than opting for thick and heavy jackets or sweaters. Plan your outfits accordingly with multiple…

472 Views, 0 Comments

Explore World-Class Walloon Lake in Northern Michigan

Walloon Lake is located within the Little Traverse Bay Watershed and empties into Lake Michigan via the Bear River. Walloon Lake is considered an outstanding ecological, aesthetic, and recreational resource. Rolling glacial terrain surrounds its deep waters, including its five distinct depressions or basins:

  • Foot – 94 ft.
  • Mud Lake – 14 ft.
  • West Arm – 100 ft.
  • North Arm – 52 ft.
  • Wildwood – 80 ft.

The lake and its watershed are located in Bay, Evangeline, and Melrose townships of Charlevoix County; and Bear Creek and Resort Townships of Emmet County. The lake has a relatively small watershed (22,650 acres) compared to its lake surface area (4,270 acres). Five percent of the…

10874 Views, 0 Comments

We have all been there:  We enjoy a great vacation in a beautiful destination and are smitten by life there. 

We imagine what it might be like if a vacation home was ours and start picking up local real estate brochures and searching online for sale listings.  Pretty soon, conversations with a realtor could be occurring, and you begin you wonder if this dream is realty or pie in the sky.  The idea of owning your own place in a ski town that your family loves just seems like the perfect next step.

Ski vacation homes, like in Boyne Mountain Resort, are no different than the pattern we see with other vacation homes.  They tend to be located in great ski towns that are fun in both summer and winter, have a charm that goes way above and beyond owning…

1020 Views, 0 Comments

Gorgeous Luxury Condominiums on Walloon Lake

The Shores on Walloon Lake is a collection of only six spacious custom cottages in Walloon Lake Village. Each has a westward panorama and is but a few steps from the water and your dock. The design and workmanship of each are beyond all requirements and most expectations. The plan is based on great respect for the past and appreciation of the natural grandeur of our Walloon. Through uncomplicated and maintenance-free living, The Shores allow you to reside in harmony with the village and the lake. Every outside maintenance task—including your dock—is taken care of. Never rake, shovel, sweep, cut, plant, prune, clean, or wash!

About Walloon Lake

For over 120 years, Walloon…

1061 Views, 0 Comments