Walloon Lake, in Boyne City and Petoskey, Michigan, has several investment opportunities. Large estates can be found as well as charming condominiums and cottages. For the last five years, there has been roughly $199,164,272 in sales recorded with an average sales price of $1,157,931.

Feel like basking in a place where Ernest Hemingway spent his summers as a kid? Interested in having a cottage on the Shores on Walloon, with its crystal clear waters and one of the deepest lakes in Michigan? How about staying at Hotel Walloon, where you can step back into 20th-century charm with modern amenities?  Then considering visiting, or even having a summer home at Walloon Lake.

First, Walloon Lake and the Surrounding Village are not huge. There are only 290 locals,

And if you want to reside there permanently or have a summer cottage there, do be prepared to bring your checkbook. Walloon Lake Real Estate in Boyne City,  or even 8.5 miles away in Petoskey, will run you around a cool million for a cottage, and up to $10 million for a 7…

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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…

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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…

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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…

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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…

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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…

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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…

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What Are Michigan's Most Expensive Lakes?

With more than 11,000 inland lakes and their entire shape defined by the Great Lakes, Michigan is a hot spot for lakefront real estate. A recent report from LakeHomes.com, a multi-state brokerage, and real estate database, offers some insight into where the priciest lakefront real estate is found in Michigan. To compile its quarterly Lake Market Report, LakeHomes.com pulled MLS data to find the average listing price for all for-sale homes in each market on Sept. 1, 2018. The top 10 most expensive lakes for lakefront homes in Michigan are listed below, ordered from the least expensive lake to the most expensive lake at No. 1.

10. Lake Macatawa
Average list price: $1,110,482

This 1,700-acre lake in…

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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…

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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.
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 Estate

Brook is focused on lifestyle real estate investment…

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