Explore Lake Ann, MI Condos for Sale with Expert Tips & Pricing

^{Condominium Lifestyle}

Lake Ann, Michigan, Michigan

Welcome to Lake Ann, Michigan—a picturesque village nestled in Benzie County where lakefront living meets small-town charm. Lake Ann condos offer a perfect blend of tranquility and modern comfort, with many units featuring scenic lake views, private balconies, and easy access to nature trails and public beaches. Residents enjoy a close-knit community, well-maintained surroundings, and convenient proximity to Traverse City, just 20 minutes away.

Whether you're seeking a year-round residence, a peaceful retirement retreat, or a weekend getaway, Lake Ann provides a lifestyle of relaxation, recreation, and natural beauty. With options ranging from contemporary new builds to cozy, established units, condos in Lake Ann are ideal for those who value low-maintenance living amid Michigan’s stunning outdoors.

Real Estate Statistics

Average Price	$489K
Lowest Price	$489K
Highest Price	$489K
Total Listings	1
Avg. Days On Market	51
Avg. Price/SQFT	$327

Property Types (active listings)

Browse Lake Ann Condominiums for Sale

• All Listings
• $400,000 - $500,000

Bedrooms

Bathrooms

Price Range

Save Search

Sort by:

Price, high to low

Pending

$489,000

↓ $10,000

18049 Kadi Lane, Lake Ann

3 Beds 2 Baths 1,496 SqFt Residential MLS® # 1933878

Discover the Best Lake Ann, MI Condos for Sale: Top Deals, Locations & Expert Tips

Introduction to Lake Ann, MI

Tucked away in Benzie County, just a short drive from Traverse City, Lake Ann, Michigan is a charming village offering a peaceful retreat surrounded by nature. Known for its pristine lake, friendly community, and year-round recreational opportunities, it’s no wonder more people are considering calling this place home.

Lake Ann’s relaxed pace, scenic beauty, and welcoming small-town feel make it a prime spot for anyone looking to buy a condo for sale in Lake Ann, MI—whether for seasonal living, retirement, or investment.

Real Estate Market Overview in Lake Ann, MI

As of 2025, the Lake Ann real estate market is seeing a steady climb in interest, particularly in the condo segment. Inventory remains relatively low, which keeps prices competitive. Most condos in the area are priced between $200,000 and $450,000, depending on location, size, and proximity to Lake Ann or other nearby lakes like Pearl Lake.

Compared to nearby Traverse City, Lake Ann offers affordable condo options with more privacy and less hustle, attracting both locals and out-of-state buyers.

Benefits of Buying a Condo in Lake Ann

• Low Maintenance Living: Most condos in Lake Ann include lawn care, snow removal, and exterior upkeep via HOA fees.

• Scenic Views & Lake Access: Many properties offer lake views, shared waterfronts, or easy trail access.

• Tight-Knit Community: Condo living fosters a sense of belonging and security with close neighbors and community events.

Whether you're downsizing or purchasing a second home, a Lake Ann condo offers a relaxing, worry-free lifestyle that’s hard to beat.

Check out this video for a look at the condominium lifestyle

Top Neighborhoods and Condo Communities

Some standout condo developments in Lake Ann include:

• Pine View Condominiums: Located near the heart of town, known for modern designs and nature trails.

• Lakeview Ridge: Offering panoramic views and walking paths with access to the lake.

• Ann Arbor Woods Condos: Family-friendly and close to schools and shopping.

These communities are near local highlights like the Lake Ann Brewing Company, Mistwood Golf Course, and the Platte River.

New vs. Resale Condos: Which One to Choose?

New Construction Condos:

• Pros: Modern layouts, energy-efficient features, lower maintenance early on.

• Cons: Higher upfront cost, limited customization post-build.

Resale Condos:

• Pros: Established communities, larger floor plans, mature landscaping.

• Cons: May need updates or have aging infrastructure.

Your choice will depend on budget, timing, and preferences. Buyers seeking a turn-key home often favor new builds, while those wanting character and value might go for resale.

Pricing Guide for Lake Ann Condos

The pricing for Lake Ann, MI condos for sale varies depending on several factors, including location, square footage, amenities, and proximity to Lake Ann itself. Here’s a breakdown to give you a general idea:

Factors Affecting Price:

• Waterfront access or views

• New construction vs. older builds

• Luxury upgrades like granite countertops, hardwood floors, or smart home features

Understanding these elements helps buyers plan a budget that suits both short-term affordability and long-term investment goals.

Features to Look for in Lake Ann Condos

When searching for the ideal Lake Ann condo, prioritize features that enhance both daily comfort and resale value. These might include:

Interior Essentials:

• Open floor plans with natural lighting

• Updated kitchens with stainless steel appliances

• In-unit laundry and ample storage

Outdoor Perks:

• Private decks, balconies, or patios

• Shared lake access or dock privileges

• Community picnic or grill areas

Modern Upgrades:

• Energy-efficient windows and insulation

• Smart thermostats, locks, and security systems

• EV charging stations or garage parking

These amenities not only improve your living experience but also appeal to future buyers or renters.

Financing a Condo in Lake Ann, MI

Financing a condo is slightly different than financing a single-family home. Many lenders require additional documentation related to the Homeowners Association (HOA) and the building's financial health.

Mortgage Options:

• Conventional loans (with 10–20% down)

• FHA loans (if the condo development is approved)

• VA loans for eligible veterans

Tips for Securing Financing:

• Get pre-approved before condo shopping

• Work with local lenders familiar with the Lake Ann market

• Ask for the HOA’s budget, reserve funds, and insurance documents early in the process

Being financially prepared ensures a smoother closing process and more negotiating power.

Buying Process for Lake Ann Condos

Buying a condo involves several key steps. Here’s a simplified breakdown:

1. Research and Select an Agent: Choose a real estate professional experienced in Lake Ann condo sales.

2. Get Pre-Approved: Know your price range before house hunting.

3. Search and View Properties: Schedule showings, compare units, and explore neighborhoods.

4. Make an Offer: Submit a written offer with contingencies for inspection and financing.

5. Conduct Due Diligence: Review condo docs, HOA rules, and conduct an inspection.

6. Close the Sale: Sign documents, secure financing, and get the keys!

Working with a Local Real Estate Agent

Navigating the condo market in Lake Ann can be complex, which is why partnering with an experienced local agent makes all the difference. A knowledgeable realtor will help you identify high-value properties, negotiate competitive offers, and guide you through HOA regulations.

Brook Walsh is one of the most trusted names in Northern Michigan real estate, with deep expertise in Lake Ann properties. Whether you're buying your first condo or adding to your investment portfolio, Brook's insider knowledge, attention to detail, and client-first approach ensure a smooth and successful home buying journey.

Why Choose Brook Walsh?

• Proven track record in waterfront and luxury condo sales

• Extensive local network and off-market listing access

• Personalized service tailored to your goals

If you're looking for a real estate partner who knows Lake Ann inside and out, Brook Walsh is a top-tier choice to help you find the perfect condo.

Seasonal Market Trends

Like most vacation destinations, Lake Ann’s real estate market has seasonal patterns. Summer sees the highest demand due to tourism and lake access. Fall offers the best prices as sellers become more flexible.

Planning your search around these trends can lead to significant savings.

Investment Potential and Rental Income

With Northern Michigan’s strong tourism economy, condos in Lake Ann can double as vacation rentals.

Rental Options:

• Short-term: Airbnb and VRBO allowed in some developments

• Long-term: Monthly leases for remote workers, retirees

ROI Tips:

• Choose units close to the lake or downtown

• Seek properties with flexible rental rules

• Calculate all costs (HOA, cleaning, taxes) before listing

Common Condo Association Rules & Fees

HOA rules vary but often include:

• Pet policies

• Quiet hours

• Rental restrictions

Typical monthly fees range from $150 to $400 and cover:

• Lawn care and snow removal

• Exterior maintenance

• Trash services

• Some include water or heat

Understanding the HOA structure is essential to avoid surprises.

Hidden Costs to Watch Out For

Before you sign, consider:

• Special assessments: Unexpected fees for roof, roads, or siding repairs

• Property taxes: Vary based on township and school district

• Insurance: You may need both building (covered by HOA) and personal contents coverage

Always budget for a little more than the listed price.

Testimonials from Condo Owners in Lake Ann

"We bought our Lake Ann condo in 2022, and it's been the best decision ever. We love kayaking on the lake in the summer and snowshoeing in the winter." – Tom & Jan M., retired couple

"I work remotely, and this place gives me the peace I need while still being 20 minutes from Traverse City. It’s a hidden gem." – Sarah L., software engineer

These stories reflect the lifestyle and satisfaction many find in Lake Ann living.

FAQs About Lake Ann, MI Condos for Sale

Q1: Are condos in Lake Ann a good investment?
A. Yes, especially those near the lake or with rental flexibility. The area's tourism and limited inventory support long-term value growth.

Q2: Can I rent out my Lake Ann condo on Airbnb?
A. It depends on the condo association's rules. Some allow short-term rentals, while others restrict them entirely.

Q3: How close is Lake Ann to Traverse City?
A. Just about 15–20 minutes by car, making it ideal for work or city access while enjoying rural serenity.

Q4: Do all condos have lake access?
A. Not all, but many offer shared beach areas, docks, or scenic walking paths to the water.

Q5: What's the average condo size in Lake Ann?
A. Most range from 900 to 1,600 square feet, with options for single-level or multi-story units.

Q6: Is Lake Ann family-friendly?
A. Absolutely. The area is known for good schools, parks, and safe neighborhoods—perfect for raising a family.

Conclusion: Is a Lake Ann Condo Right for You?

Buying a condo in Lake Ann, MI is more than a real estate transaction—it’s an investment in a peaceful, nature-rich lifestyle. With its blend of affordability, community charm, and outdoor recreation, Lake Ann is ideal for retirees, remote workers, and investors alike.

Whether you're after a weekend getaway or a long-term home, Lake Ann condos offer flexibility, comfort, and lasting value. Ready to explore your options? Connect with a local agent and start your Lake Ann journey today.

---

---

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.