Elk Rapids

Located on the shores of Grand Traverse Bay and nestled between Elk Lake and Bass Lake, Elk Rapids, Michigan is a charming waterfront village that offers the perfect blend of small-town warmth and Northern Michigan luxury. Known for its walkable downtown, stunning beaches, marina, and crystal-clear lakes, Elk Rapids draws in full-time residents, vacation homeowners, and real estate investors alike. The community features a diverse range of properties—from cozy historic cottages and mid-century ranches to modern lakefront estates and secluded woodland retreats.

Residents enjoy year-round outdoor recreation including boating, kayaking, fishing, golfing, skiing, and snowmobiling. With highly rated schools, boutique shopping, local eateries, and vibrant seasonal festivals like Harbor Days, Elk Rapids offers an exceptional quality of life. Whether you're seeking a peaceful retirement, a family-friendly neighborhood, or an income-generating vacation property, Elk Rapids delivers a naturally beautiful setting with unmatched real estate potential.

Elk Rapids, MI Homes for Sale

Real Estate Statistics

Average Price $588K
Lowest Price $70K
Highest Price $4.2M
Total Listings 46
Avg. Days On Market 176
Avg. Price/SQFT $351

Property Types (active listings)


Browse Elk Rapids Homes for Sale

Sort by:
106 Oak, Elk Rapids

$4,199,000

106 Oak, Elk Rapids

6 Beds 7 Baths 5,259 SqFt Residential MLS® # 1930891
0 S Us-31, Elk Rapids

$1,800,000

0 S Us-31, Elk Rapids

0 Beds 0 Baths 0 SqFt Land MLS® # 1930511
Pending
127 River Street, Elk Rapids

$1,590,000

127 River Street, Elk Rapids

0 Beds 3 Baths 4,247 SqFt Commercial MLS® # 1929268
201 River Street, Elk Rapids

$1,298,000

201 River Street, Elk Rapids

0 Beds 6 Baths 8,355 SqFt Commercial MLS® # 1931456
Lot D S Bayshore Drive, Elk Rapids

$1,149,900

Lot D S Bayshore Drive, Elk Rapids

0 Beds 0 Baths 0 SqFt Land MLS® # 1932070
Pending
879 Millers Park, Elk Rapids

$1,095,000

↓ $100,000

879 Millers Park, Elk Rapids

4 Beds 2 Baths 2,180 SqFt Residential MLS® # 1933209
New
7276 Williams Court, Elk Rapids

$975,000

7276 Williams Court, Elk Rapids

4 Beds 2 Baths 2,240 SqFt Residential MLS® # 1936099
Pending
127 River Street, Elk Rapids

$799,000

127 River Street, Elk Rapids

0 Beds 2 Baths 1,300 SqFt Commercial MLS® # 1932736
127 River Street, Elk Rapids

$799,000

127 River Street, Elk Rapids

0 Beds 0 Baths 2,947 SqFt Commercial MLS® # 1932738
Pending
127 River Street, Elk Rapids

$799,000

127 River Street, Elk Rapids

2 Beds 2 Baths 1,300 SqFt Residential MLS® # 1933485
215 River Street, Elk Rapids

$775,000

215 River Street, Elk Rapids

0 Beds 1 Bath 2,157 SqFt Commercial MLS® # 1933393
401 River Street, Elk Rapids

$700,000

401 River Street, Elk Rapids

0 Beds 2 Baths 4,208 SqFt Commercial MLS® # 1935286
214 Traverse, Elk Rapids

$695,000

214 Traverse, Elk Rapids

3 Beds 3 Baths 2,623 SqFt Residential MLS® # 1929551
9200 N Bayshore Drive, Elk Rapids

$650,000

↓ $45,000

9200 N Bayshore Drive, Elk Rapids

1 Bed 2 Baths 950 SqFt Residential MLS® # 1934493
Pending
237 Rivershore Drive, Elk Rapids

$625,000

237 Rivershore Drive, Elk Rapids

3 Beds 3 Baths 1,623 SqFt Residential MLS® # 1935027
New
312 Pine Street, Elk Rapids

$595,000

312 Pine Street, Elk Rapids

0 Beds 2 Baths 3,475 SqFt Commercial MLS® # 1932585
New
312 Pine Street, Elk Rapids

$595,000

312 Pine Street, Elk Rapids

3 Beds 1.5 Baths 3,475 SqFt Residential MLS® # 1932594
8144 Cairn Highway, Elk Rapids

$593,500

8144 Cairn Highway, Elk Rapids

3 Beds 1 Bath 1,720 SqFt Residential MLS® # 1932674
203 W 2nd Street, Elk Rapids

$559,900

↓ $15,000

203 W 2nd Street, Elk Rapids

3 Beds 2 Baths 1,584 SqFt Residential MLS® # 1933904
6647 E Harbor Drive, Elk Rapids

$525,000

6647 E Harbor Drive, Elk Rapids

3 Beds 2.5 Baths 1,724 SqFt Residential MLS® # 1934100
New
108 River Street, Elk Rapids

$499,000

108 River Street, Elk Rapids

0 Beds 1 Bath 880 SqFt Commercial MLS® # 1932693
7434 Terrace Avenue, Elk Rapids

$448,000

↓ $21,900

7434 Terrace Avenue, Elk Rapids

3 Beds 1 Bath 1,698 SqFt Residential MLS® # 1932474
509 Spruce, Elk Rapids

$434,000

↓ $15,000

509 Spruce, Elk Rapids

3 Beds 1 Bath 1,280 SqFt Residential MLS® # 1935442
301 Golf View Lane, Elk Rapids

$419,000

↓ $6,000

301 Golf View Lane, Elk Rapids

2 Beds 2 Baths 1,402 SqFt Residential MLS® # 1935030
New
7457 Cairn Highway, Elk Rapids

$409,900

7457 Cairn Highway, Elk Rapids

3 Beds 2 Baths 1,464 SqFt Residential MLS® # 1935839
609 Cedar Street, Elk Rapids

$349,000

609 Cedar Street, Elk Rapids

2 Beds 2 Baths 1,004 SqFt Residential MLS® # 1935426
7285 Cairn Highway #2, Elk Rapids

$329,000

↓ $10,000

7285 Cairn Highway #2, Elk Rapids

1 Bed 1 Bath 320 SqFt Residential MLS® # 476118
103 Ottawa, Elk Rapids

$300,000

↓ $25,000

103 Ottawa, Elk Rapids

3 Beds 1 Bath 1,463 SqFt Residential MLS® # 1931577
New
14501 Williams Drive, Elk Rapids

$265,000

14501 Williams Drive, Elk Rapids

3 Beds 2 Baths 1,708 SqFt Residential MLS® # 1934678
127 River Street, Elk Rapids

$225,000

127 River Street, Elk Rapids

0 Beds 1 Bath 2,947 SqFt Commercial MLS® # 1920593
Tbd Capa-bran Terrace, Elk Rapids

$199,900

Tbd Capa-bran Terrace, Elk Rapids

0 Beds 0 Baths 0 SqFt Land MLS® # 1921964
Tbd Capa-bran Terrace, Elk Rapids

$199,900

Tbd Capa-bran Terrace, Elk Rapids

0 Beds 0 Baths 0 SqFt Land MLS® # 1921965
Tbd Capa-bran Terrace, Elk Rapids

$199,900

Tbd Capa-bran Terrace, Elk Rapids

0 Beds 0 Baths 0 SqFt Land MLS® # 1921967
Tbd Capa-bran Terrace, Elk Rapids

$199,900

Tbd Capa-bran Terrace, Elk Rapids

0 Beds 0 Baths 0 SqFt Land MLS® # 1921968
Tbd Capa-bran Terrace, Elk Rapids

$199,900

Tbd Capa-bran Terrace, Elk Rapids

0 Beds 0 Baths 0 SqFt Land MLS® # 1921970
Tbd Capa-bran Terrace, Elk Rapids

$199,900

Tbd Capa-bran Terrace, Elk Rapids

0 Beds 0 Baths 0 SqFt Land MLS® # 1921971
Tbd Capa-bran Terrace, Elk Rapids

$199,900

Tbd Capa-bran Terrace, Elk Rapids

0 Beds 0 Baths 0 SqFt Land MLS® # 1921973
#4 Lamoreaux Drive, Elk Rapids

$199,000

#4 Lamoreaux Drive, Elk Rapids

0 Beds 0 Baths 0 SqFt Land MLS® # 1928251
New
Ames Street, Elk Rapids

$189,900

Ames Street, Elk Rapids

0 Beds 0 Baths 0 SqFt Land MLS® # 1935389
00 Partridge Trail, Elk Rapids

$140,000

00 Partridge Trail, Elk Rapids

0 Beds 0 Baths 0 SqFt Land MLS® # 1924547
0 Partridge Trail, Elk Rapids

$140,000

0 Partridge Trail, Elk Rapids

0 Beds 0 Baths 0 SqFt Land MLS® # 1924549
New
604 Shadywood Street, Elk Rapids

$125,000

604 Shadywood Street, Elk Rapids

2 Beds 1 Bath 1,000 SqFt Residential MLS® # 1935971
Pending
616 Driftwood, Elk Rapids

$119,000

↓ $3,500

616 Driftwood, Elk Rapids

3 Beds 1.5 Baths 980 SqFt Residential MLS® # 1930771
New
611 Shadywood Street, Elk Rapids

$84,900

611 Shadywood Street, Elk Rapids

2 Beds 1.5 Baths 880 SqFt Residential MLS® # 1936141
8204 Partridge Woods, Elk Rapids

$75,000

↓ $7,750

8204 Partridge Woods, Elk Rapids

0 Beds 0 Baths 0 SqFt Land MLS® # 1921311
00 W Third Street, Elk Rapids

$70,000

00 W Third Street, Elk Rapids

0 Beds 0 Baths 0 SqFt Land MLS® # 1865743

Elk Rapids, MI Homes for Sale – Top 15 Irresistible Listings to Explore Today

Introduction to Elk Rapids, Michigan

Introduction to Elk Rapids, Michigan

Nestled along the shores of Grand Traverse Bay and Elk Lake, Elk Rapids, MI is the kind of small town that seems straight out of a postcard. With its walkable downtown, charming shops, sandy beaches, and access to pristine lakes, it’s no wonder this gem in Northern Michigan draws in buyers looking for their dream home.

Whether you're seeking a waterfront retreat, a forever home, or an investment property, homes for sale in Elk Rapids offer something for everyone.

Let’s take a deep dive into why Elk Rapids is gaining buzz in the Michigan real estate scene—and why it could be the perfect place for your next move.


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Real Estate Overview in Elk Rapids

Median Home Prices and Market Trends

The Elk Rapids housing market is strong but not out of reach. As of early 2025, the median home price hovers around $445,000, with waterfront properties typically commanding higher price points. Over the last five years, prices have steadily increased by 4–6% annually, signaling long-term growth and stability. Whether you're a first-time buyer or an experienced investor, Elk Rapids offers solid value.

Types of Homes Available

Elk Rapids has something for everyone:

  • Cottages and bungalows with cozy charm

  • Modern lake homes with high-end finishes

  • Family-sized ranches in quiet subdivisions

  • Historic homes in downtown Elk Rapids

  • New builds in up-and-coming developments

From rustic cabins tucked into the woods to luxury estates with panoramic lake views, the variety of homes ensures every lifestyle can find its match.

Waterfront vs. Inland Properties

Waterfront homes on Elk Lake, Bass Lake, and Grand Traverse Bay offer incredible views and instant access to water recreation. Expect premium prices here, but also a higher return on investment—especially if you're eyeing the vacation rental market.

Inland homes offer better affordability while still being just minutes from beaches, marinas, and downtown Elk Rapids.

Check out this video for a look at the Elk Rapids community


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Top Neighborhoods in Elk Rapids

Top Neighborhoods in Elk Rapids

Downtown Elk Rapids Charm

Living in downtown Elk Rapids puts you steps away from restaurants, ice cream parlors, local boutiques, and the beach. Homes here include renovated Victorians and smaller historic properties that maintain their original charm.

Baywoods Subdivision

Baywoods offers a suburban lake lifestyle—think large lots, manicured lawns, and easy access to Elk Lake. It’s a perfect spot for families who want quiet streets without being too far from town.

Bass Lake Area Properties

For a more secluded, rustic feel, the homes near Bass Lake are tucked into wooded lots with lakefront options. Kayaking and wildlife sightings are part of the everyday scenery.

East Elk Lake Estates

This upscale community features executive-style homes, many with private docks, multiple-car garages, and panoramic water views. It’s a hotspot for retirees and remote professionals seeking tranquility and luxury.


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Featured Listings: 15 Must-See Homes

Featured Listings: 15 Must-See Homes

1. Modern Lakefront Retreat

A 4-bedroom, 3-bath home with floor-to-ceiling windows overlooking Elk Lake. Smart home features, chef’s kitchen, and a private dock make this a rare find.

2. Historic Downtown Cottage

Quaint 2-bedroom home built in the 1930s with original hardwood floors, updated kitchen, and walking distance to shops and beaches.

3. Custom-Built Luxury Home

Located in East Elk Lake Estates, this 5,000 sq ft property includes 5 bedrooms, a gourmet kitchen, wine cellar, and infinity pool.

4. Cozy Log Cabin Hideaway

This 2-bedroom retreat sits on 2 wooded acres and includes a stone fireplace, wraparound porch, and detached garage with workshop.

5. Family-Friendly Ranch Style

Three bedrooms, open-concept living, and a fenced backyard make this ideal for young families.

6. Newly Renovated Split-Level

Featuring new HVAC, updated electrical, and stylish finishes, this home is move-in ready with an oversized garage for toys and tools.

7. Classic Colonial Home

Four-bedroom Colonial with updated baths, granite countertops, and charming curb appeal. Close to Elk Rapids schools.

8. Spacious Contemporary Farmhouse

New construction with modern farmhouse styling, vaulted ceilings, and a three-car garage—perfect for hosting family gatherings.

9. Minimalist Tiny Home on Elk Lake

This 600 sq ft treasure packs a punch with minimalist design, high-end finishes, and unbeatable lakefront views.

10. Waterfront Condo with Views

Maintenance-free living at its best in this 2-bedroom condo overlooking the bay. Includes community pool, dock, and storage.

11. Investment Duplex Near Marina

Two rental-ready units just a short stroll from Elk Rapids Marina. Ideal for short-term or long-term rental income.

12. Craftsman Home with Character

Beautiful woodwork, built-ins, and a cozy front porch give this 1920s home unique flair.

13. Eco-Friendly Smart Home

Solar panels, geothermal heating, and energy-efficient appliances make this 3-bedroom home a green dream.

14. Modern A-Frame in Wooded Setting

Stunning A-frame design with open floor plan, skylights, and a wraparound deck nestled in the trees.

15. Grand Estate with Private Dock

An 8,000 sq ft showstopper with 7 bedrooms, guest cottage, home theater, and over 200 feet of Elk Lake frontage.


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What You Need to Know Before Buying

What You Need to Know Before Buying

Elk Rapids Zoning and Building Rules

Before purchasing your dream property, it's smart to check Elk Rapids’ zoning ordinances. The village’s zoning board outlines regulations on:

  • Setbacks and lot sizes

  • Short-term rental allowances

  • Dock construction and waterfront modifications

  • Renovation and demolition permits

This ensures your plans for upgrades or rentals align with local laws and avoids future surprises.

Property Taxes and Assessments

Elk Rapids, located in Antrim County, has relatively moderate property taxes. As of 2025:

  • Average millage rate: ~33 mills

  • Estimated tax on a $400,000 home: ~$6,600 annually

  • Principal Residence Exemption (PRE): Available to full-time residents

Buyers should review special assessments for lakefront properties which might include lake association dues or road maintenance costs.

Seasonal vs. Year-Round Homes

Michigan’s distinct four seasons make Elk Rapids a year-round delight—but not all homes are built for winter. When shopping, confirm:

  • Insulation ratings and window efficiency

  • Heating system (forced air, radiant, or baseboard)

  • Road plowing agreements for rural homes

If you're planning a vacation rental, seasonality also affects pricing and occupancy—summer sees high demand, while winter brings lower, steady bookings.


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Lifestyle and Amenities

Lifestyle and Amenities

Outdoor Activities and Recreation

Elk Rapids is a paradise for nature lovers and outdoor enthusiasts. Highlights include:

  • Boating and sailing on Elk Lake and Grand Traverse Bay

  • Fishing and kayaking along the Chain of Lakes

  • Sandy beaches perfect for sunbathing and swimming

  • Golfing at nearby Elk Rapids Golf Club

  • Winter sports like cross-country skiing and snowmobiling

With over 180 days of sunshine annually and breathtaking fall foliage, there's always something to enjoy outdoors.

Schools and Education Options

For families, Elk Rapids offers highly rated educational options under Elk Rapids Schools:

  • Lakeland Elementary (K–5)

  • Cherryland Middle School

  • Elk Rapids High School

Also within commuting distance:

  • Traverse City private schools

  • Northwestern Michigan College (NMC)

Shopping, Dining, and Entertainment

Downtown Elk Rapids might be small, but it's mighty in charm:

  • Fine dining: Siren Hall and Pearl’s New Orleans Kitchen

  • Cafés and bakeries: Cellar 152 and Short’s Brewing

  • Local shops: Bookstores, galleries, and artisan goods

  • Live music & events: Elk Rapids Harbor Days and Art Beat

It's the kind of place where the barista knows your name and summer concerts are held at the beach.


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Elk Rapids Real Estate Investment Potential

Elk Rapids Real Estate Investment Potential

Vacation Rentals and ROI

Thanks to its desirable location and natural beauty, Elk Rapids is a hot market for vacation rentals. Key metrics:

  • Average nightly rate (summer): $275–$450

  • Occupancy rate (peak season): 85–95%

  • Annual gross income for waterfront homes: $40,000–$90,000+

Platforms like Airbnb and VRBO make it easy to manage remotely—or team up with a professional like NorthernMichiganEscapes.com for hands-off success.

Long-Term Appreciation Trends

Elk Rapids has seen consistent real estate appreciation over the past decade. This trend is driven by:

  • Limited inventory

  • Strong second-home market

  • Increasing remote work lifestyle

Owning a property here isn't just about vacationing—it’s about building equity in a sought-after market.


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Working With a Local Realtor

Why Local Knowledge Matters

Why Local Knowledge Matters

In a competitive market like Elk Rapids, working with a local expert can mean the difference between securing your dream home and missing out. An experienced agent understands:

  • Pocket listings and unlisted properties

  • Realistic negotiation points

  • Seasonal selling patterns

  • Local builder reputations and inspection pitfalls

Choosing the Right Agent

Look for a real estate professional who:

  • Lives locally and understands the community vibe

  • Offers a personalized, client-first approach

  • Has a proven track record in waterfront and vacation home sales

Brook Walsh — your Northern Michigan real estate expert.


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Home Buying Process in Michigan

Financing Options and Pre-Approvals

In Michigan, it pays to be pre-approved before house hunting. Loan options for Elk Rapids include:

  • Conventional fixed-rate mortgages

  • Jumbo loans for high-value waterfront homes

  • Portfolio loans for investment properties

  • FHA and VA loans (limited due to stricter appraisal standards)

Inspection and Appraisal Tips

Waterfront and rural properties come with unique inspection items:

  • Well and septic systems

  • Shoreline erosion checks

  • Winterization systems

  • Pest and mold inspections

Appraisers may factor in water frontage, private access, and dock rights, so be sure your lender uses one familiar with the region.


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Frequently Asked Questions About Elk Rapids Homes for Sale

Frequently Asked Questions About Elk Rapids Homes for Sale

Q. Are Elk Rapids homes expensive?

A. While not the cheapest in Michigan, Elk Rapids offers great value considering its lakefront location and lifestyle perks. Inland homes are more budget-friendly than their waterfront counterparts.

Q. Is Elk Rapids a good place to retire?

A. Yes! With low crime, serene settings, walkability, and access to health care in nearby Traverse City, Elk Rapids is a top retirement choice.

Q. Can I find waterfront property under $500K?

A. Absolutely—especially smaller cottages or condos. Timing and quick action are key, as these listings are scooped up fast.

Q. What are average property taxes?

A. Property taxes typically range from 1.5–1.75% of a home's taxable value, though lakefront and luxury homes may run higher.

Q. How’s the winter weather in Elk Rapids?

A. Expect cold, snowy winters—great for skiing, snowshoeing, and cozy nights by the fire. Homes built for year-round use handle winters comfortably.

Q. Are short-term rentals allowed?

A. Yes, but they’re subject to zoning and permit requirements. Some HOAs and subdivisions prohibit them, so verify before buying.


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Conclusion: Your Next Step to Finding Home

Conclusion: Your Next Step to Finding Home

Why Now’s the Time to Buy

With remote work flexibility, rising values, and increased interest in Northern Michigan, now is the ideal time to make Elk Rapids your home base or weekend escape.

  • Inventory is tight

  • Interest rates are favorable

  • Demand continues to rise

Don’t wait for the market to price you out.

How to Get Started

If you're ready to explore Elk Rapids homes:

  1. Set your budget and get pre-approved

  2. Identify must-have features (location, bedrooms, view)

  3. Partner with a trusted local expert

Ready to open the door to your Northern Michigan dream?
Start your journey at BrookWalsh.com

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