Discover Downtown Lake Ann, MI Homes for Sale in 2025

^{Downtown Lifestyle}

Lake Ann, Michigan

Downtown Lake Ann, Michigan offers a charming small-town atmosphere with a vibrant sense of community and close-knit neighborhoods. Located just 20 minutes west of Traverse City, this historic village features tree-lined streets, locally owned shops, and a walkable downtown filled with character and local flavor. Homes for sale in downtown Lake Ann range from beautifully preserved historic cottages to modern residences with updated amenities.

Residents enjoy access to scenic Ann Lake, recreational trails, community events, and popular destinations like Lake Ann Brewing Co. and The Stone Oven. With its peaceful setting, strong community ties, and proximity to outdoor adventures and city conveniences, downtown Lake Ann is an ideal location for year-round living, vacation homes, or investment properties.

Real Estate Statistics

Average Price	$310K
Lowest Price	$299K
Highest Price	$320K
Total Listings	2
Avg. Days On Market	84
Avg. Price/SQFT	$341

Property Types (active listings)

Browse Lake Ann Downtown Homes for Sale

• All Listings
• $200,000 - $300,000
• $300,000 - $400,000

Bedrooms

Bathrooms

Price Range

Save Search

Sort by:

Price, high to low

Pending

$320,000

6632 Front Street, Lake Ann

2 Beds 2 Baths 930 SqFt Residential MLS® # 1938466

$299,000

20080 Maple Street, Lake Ann

3 Beds 1 Bath 884 SqFt Residential MLS® # 1931969

Lake Ann, MI Downtown Homes for Sale: Your Ultimate 2025 Guide to Small-Town Charm

Introduction to Lake Ann, MI

Welcome to Lake Ann, Michigan—a picturesque village where time slows down and neighbors greet you by name. Nestled in Benzie County, this gem offers a refreshing blend of rural tranquility and community connection, perfect for those looking to escape the city grind without giving up modern conveniences.

Located just 20 minutes from Traverse City, Lake Ann is known for its charming downtown, serene lake views, and year-round recreational opportunities. If you're considering a move or investment in Northern Michigan, Lake Ann's downtown homes for sale should definitely be on your radar.

This guide unpacks everything you need to know—from market trends and lifestyle perks to buying tips and investment insights.

Location and Accessibility

Proximity to Traverse City and Major Roads

Lake Ann is just a scenic 15–20 minute drive west of Traverse City via County Road 610. This proximity makes it ideal for commuters, seasonal residents, and remote workers alike. You'll enjoy quick access to shopping, dining, and medical facilities in Traverse City, all while soaking in the peaceful atmosphere of village life.

Public Transportation and Daily Commutes

While there’s no major public transit system within Lake Ann, the drive into Traverse City is smooth and congestion-free. For those with flexible work arrangements or a love for country roads, the commute is a breeze.

Types of Downtown Homes for Sale

Historic Homes with Character

Step back in time with charming homes dating back to the early 1900s. These properties boast features like:

• Original hardwood floors

• Wide front porches

• Decorative moldings

• Unique architectural details

They’re ideal for buyers who appreciate craftsmanship and are open to a bit of renovation.

Modern Builds and Renovated Properties

Many downtown homes have been beautifully updated with:

• Open floor plans

• Energy-efficient appliances

• Contemporary finishes

• Smart home features

These turnkey options blend modern convenience with small-town charm, attracting younger families and retirees alike.

Investment Properties and Short-Term Rentals

Given the village’s proximity to lakes, trails, and Traverse City, short-term rentals in Lake Ann are gaining popularity. Whether it’s a cozy bungalow or a duplex near the lake, these properties offer strong ROI potential, especially during peak tourist seasons.

Real Estate Market Overview

Current Trends in Lake Ann Housing Market

The market is steadily growing, with demand outpacing supply, especially in the downtown area. Inventory remains limited due to the village's small size and high desirability, making it a seller’s market as of early 2025.

Pricing Insights and Market Appreciation

Average home prices in downtown Lake Ann hover around $275,000 to $400,000, depending on size, location, and condition. Renovated properties and those closer to Ann Lake command premium pricing.

Buyer vs. Seller Market Conditions

Currently, buyers face some competition, particularly for move-in-ready homes. However, interest rates remain manageable, and the long-term equity growth potential makes Lake Ann an appealing buy.

Lifestyle & Community Vibe

Local Events, Festivals & Farmer’s Markets

The village hosts several beloved events, including:

• Lake Ann Homecoming Days

• Music in the Park

• Artisan Markets at the General Store

These gatherings foster strong community ties and draw visitors from nearby towns.

Dining, Shops, and Downtown Hotspots

Don’t let the small size fool you—Lake Ann’s downtown is packed with local flavor:

• Lake Ann Brewing Co. – A popular watering hole with live music

• The Stone Oven – Delicious pizza and more

• Lake Ann Grocery – Surprisingly gourmet for a small-town shop

Community Engagement and Small-Town Spirit

Residents here know each other by name. Neighborhood potlucks, volunteer clean-up days, and local storytelling events bring people together and create a true sense of belonging.

Restoration and Renovation Potential

Preserving Historic Charm with Modern Upgrades

Homeowners have the unique opportunity to modernize without sacrificing charm. Think:

• Restoring crown moldings

• Installing energy-efficient windows

• Updating kitchens while preserving farmhouse sinks

Local Contractor and Builder Recommendations

Local pros like Benzie Builders and Northern Michigan Renovations are familiar with village zoning laws and can help preserve character while upgrading functionality.

Schools, Parks, and Family Living

Nearby Schools and Education Ratings

Lake Ann is served by the Benzie Central School District, offering:

• Solid academic performance

• Strong sports programs

• Supportive parent-teacher communities

Lake Ann Elementary is especially well-regarded for early education.

Local Parks and Outdoor Recreation Areas

• Burnett Park – Ideal for picnics and soccer games

• Platte River Trailhead – Great for family biking adventures

• Ann Lake Public Access – Perfect for kayaking and swimming

Lake Ann's Natural Beauty

Lakefront Living and Outdoor Activities

The crown jewel, Ann Lake, offers:

• Fishing

• Paddleboarding

• Swimming

• Evening bonfires by the water

Living downtown means you're always within walking or biking distance to these natural retreats.

Seasonal Fun: Summer to Snow

Lake Ann shines year-round. In summer, it’s all about lake life and farmers markets. In winter, you're just a short drive from Crystal Mountain Resort, ideal for skiing and snowboarding.

Investment Opportunities in Downtown Lake Ann

Short-Term Rental ROI Potential

Lake Ann homes can gross up to $30,000–$45,000/year on platforms like Airbnb during peak seasons. Thanks to proximity to Traverse City, wineries, and hiking, it's an investor's dream.

Long-Term Equity Growth

Homes in the village have appreciated 3–6% annually over the past 5 years. With more families moving in and limited space downtown, property values are poised to keep rising.

Tips for Home Buyers

What to Know Before Buying in a Small Downtown

• Check local zoning for vacation rental rules

• Talk to neighbors—they often know which homes may be coming to market

• Tour properties during different seasons to get a feel for weather and community

Local Lender and Mortgage Insights

Northern Michigan has many boutique lenders. Try Honor Bank or Traverse City State Bank, both of which offer personalized service and competitive rates for regional buyers.

Property Taxes, Zoning & Permits

Village Zoning Guidelines

Lake Ann maintains strict standards for historic preservation and property use. Check with the Village of Lake Ann Zoning Office before planning any renovations.

Navigating Property Tax Assessments

Property taxes in Lake Ann are moderate, averaging 1.5–1.7% of the home’s assessed value. Buyers should plan for reassessment post-purchase, especially if the sale price exceeds the previous valuation.

Neighborhood Comparison: Downtown vs. Outskirts

Benefits of Being in the Heart of the Village

• Walkability to stores, breweries, and the lake

• Greater resale demand

• Better access to utilities and internet infrastructure

Comparing Lot Sizes, Pricing, and Lifestyle

Future Development and Growth Plans

Downtown Infrastructure Plans

The village has plans to improve:

• Road paving and bike lanes

• Water/sewer systems

• Public spaces and green corridors

Impact on Home Values

New infrastructure typically increases property values by 10–15%, especially in tight-knit communities like Lake Ann.

Why Work With Brook Walsh

Northern Michigan Escapes’ Real Estate Expertise

Brook Walsh and his team at Northern Michigan Escapes specialize in both vacation home investments and primary residences across Northern Michigan. With deep knowledge of Lake Ann and proven success with high-ROI properties, Brook is your go-to expert.

Client Success Stories

“I didn’t just buy a house—I found a community,” says one client who purchased a historic downtown cottage in 2023. “Brook’s insights made the process smooth and stress-free.”

Frequently Asked Questions

1. Is Lake Ann a good place to retire?

A. Yes, the peaceful setting, community events, and access to nature make it ideal for retirees.

2. Can I use a downtown Lake Ann home as a short-term rental?

A. Check with the Village for current short-term rental ordinances. Many downtown homes are eligible.

3. What’s the average home price in downtown Lake Ann?

A. Homes typically range from $275K to $400K, depending on location and condition.

4. How far is Lake Ann from Traverse City?

A. Roughly 15–20 minutes by car, making it an easy commute.

5. Are there lakefront homes available downtown?

A. While rare, there are a few properties close to Ann Lake. These go quickly and may command a premium.

6. How competitive is the housing market in Lake Ann?

A. It’s a tight market with limited inventory, especially in the village center. Acting fast with a trusted agent is key.

Conclusion: Is Downtown Lake Ann Right for You?

If you're searching for a tight-knit, walkable, and peaceful place to call home—or a savvy investment opportunity with plenty of upside—downtown Lake Ann, MI should top your list. From local charm and natural beauty to real estate potential and strong community ties, this village offers the best of Northern Michigan living.

Explore homes in the downtown 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.