Discover the Best Lake Leelanau, MI Homes for Sale in 2025

Lake Leelanau

Nestled along the crystal-clear shores of Northern Michigan's iconic Lake Leelanau, this picturesque community offers a perfect blend of scenic beauty and modern comfort. With pristine waterfront homes, lush greenery, and tree-lined streets, residents enjoy serene lake views, peaceful surroundings, and a strong sense of neighborly connection.

Ideal for year-round living or seasonal escapes, the area boasts a mix of luxury estates, cozy cabins, and stylish cottages. Outdoor enthusiasts will revel in endless recreational opportunities—from boating and fishing in the summer to snowshoeing and ice skating in the winter.

Real Estate Statistics

Average Price	$1.4M
Lowest Price	$800K
Highest Price	$2.3M
Total Listings	4
Avg. Days On Market	135
Avg. Price/SQFT	$936

Property Types (active listings)

Browse Lake Leelanau Real Estate Listings

• All Listings
• $700,000 - $800,000
• $800,000 - $900,000
• Over $1,000,000

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$2,295,000

↓ $204,000

00 S Lake Leelanau Drive, Lake Leelanau

4 Beds 3.5 Baths 1,950 SqFt Residential MLS® # 1935421

New

$1,370,000

92 E Philip Street, Lake Leelanau

3 Beds 1.5 Baths 1,470 SqFt Residential MLS® # 1938821

$1,200,000

↓ $50,000

533 S Lake Shore Drive, Lake Leelanau

3 Beds 2.5 Baths 1,720 SqFt Residential MLS® # 1935345

$800,000

1777 S Lake Shore Drive, Lake Leelanau

0 Beds 0 Baths 0 SqFt Land MLS® # 1924689

Lake Leelanau, MI Homes for Sale: Discover 15 Irresistible Listings

Introduction to Lake Leelanau Real Estate

Nestled in the heart of Leelanau County, Lake Leelanau is a place where pristine waters meet tranquil living. For those searching for a Northern Michigan lifestyle that blends luxury with laid-back charm, Lake Leelanau homes for sale deliver on all fronts. From cozy cottages to breathtaking lakefront estates, this community offers something for every homebuyer, investor, and dreamer alike.

Why Lake Leelanau Is a Hidden Gem in Northern Michigan

Think winding roads flanked by vineyards, friendly small-town energy, and endless waterfront views. Lake Leelanau is less crowded than neighboring hotspots like Traverse City but offers equal—if not greater—scenic value. It’s an insider’s secret that’s gaining steam.

A Brief Overview of the Housing Market

The Lake Leelanau market has seen a steady climb in both interest and value. Properties here maintain strong resale value, and homes don’t stay on the market for long—especially those with waterfront access or acreage.

Property Types Available

Lake Leelanau is diverse in more ways than just scenery. Its real estate offerings are equally impressive.

Waterfront Homes

Lakefront homes provide direct access to the lake, private docks, and unbeatable views. These homes typically command premium prices but offer a high return on investment, particularly for vacation rentals.

Cottages and Cabins

Charming, cozy, and often tucked into wooded lots or along quiet country roads, these make perfect weekend getaways or Airbnb investments.

Modern Single-Family Homes

Newer developments have brought contemporary single-family homes into the mix, complete with updated finishes, energy-efficient systems, and landscaped yards.

Luxury Estates

For those seeking prestige and privacy, luxury estates offer sprawling acreage, custom architecture, and top-tier amenities like home theaters, wine cellars, and chef's kitchens.

Price Trends and Market Insights

Lake Leelanau has become one of Michigan’s most desirable places to live—and invest.

Historical Sales Data

Over the last decade, property values have consistently risen. According to Redfin, homes in the area have appreciated nearly 40% in the last five years alone.

Current Market Trends (2025)

As of 2025, the median home price in Lake Leelanau is hovering around $675,000, with lakefront properties often exceeding $1.2 million.

Future Forecast and Investment Potential

Experts suggest values will continue to grow thanks to limited inventory, increased demand for rural escapes, and Leelanau County’s tight zoning restrictions that protect its natural beauty.

Neighborhood Guide: Living in Lake Leelanau

Local Amenities and Essentials

Residents enjoy access to boutique shopping, local farmers markets, and award-winning wineries. Essential services—like grocery stores, gas stations, and healthcare clinics—are all within a short drive.

Best Neighborhoods to Consider

• North Lake Leelanau: Known for larger lots and serene surroundings.

• South Lake Leelanau: Closer to Suttons Bay and Traverse City—great for commuters.

• Center Village: Walkable and close to shops, cafes, and schools.

Safety and Community Vibes

Lake Leelanau is remarkably safe, and neighbors genuinely look out for one another. Whether it’s potlucks at the community center or paddleboard meetups, you’ll find a welcoming atmosphere.

Lakefront Living Lifestyle

Benefits of Owning Waterfront Property

• Instant access to boating, swimming, and fishing

• Unmatched sunsets and sunrises

• Increased home value and rental appeal

Recreational Activities on Lake Leelanau

From kayaking and paddleboarding in summer to ice fishing in winter, Lake Leelanau supports four seasons of fun.

Local Events and Festivities

• Leland Wine & Food Festival

• Suttons Bay Art Festival

• Leelanau UnCaged Music Festival

Schools and Education Options

Public School Ratings

Lake Leelanau is served by the highly rated Leland Public School District, offering small class sizes and excellent teacher-to-student ratios.

Private and Charter School Options

Nearby Traverse City offers several private institutions, including Montessori and faith-based schools.

Nearby Colleges and Continuing Education

Northwestern Michigan College in Traverse City provides post-secondary education opportunities just 30 minutes away.

Things to Do in and Around Lake Leelanau

Top-Rated Restaurants and Wineries

• 45 North Vineyard & Winery

• The Redheads Cafe and Tasting Room

• Dick’s Pour House

Hiking, Boating, and Outdoor Adventures

• Sleeping Bear Dunes National Lakeshore

• Leelanau State Park

• Leelanau Trail for biking and jogging

Day Trips: Traverse City, Leland, Suttons Bay

You’re never more than 30 minutes from vibrant small towns full of art, music, and culture.

Buying a Home in Lake Leelanau

Steps to Buying a Home in Michigan

1. Get pre-approved

2. Work with a local expert (like Brook Walsh)

3. Tour homes and make an offer

4. Conduct inspections and appraisals

5. Close and move in!

First-Time Buyer Incentives

Programs through MSHDA (Michigan State Housing Development Authority) can help reduce down payments.

Financing Options and Local Lenders

Trusted local lenders understand the seasonal fluctuations of this unique market.

Selling Your Home in Lake Leelanau

Home Staging Tips That Work

• Declutter and depersonalize

• Highlight views and outdoor access

• Stage decks and docks with outdoor furniture

How to Price Your Home Right

Price according to recent comps, but factor in Lake Leelanau’s unique selling points.

Marketing Strategies to Attract Buyers

• High-end photography and drone video

• SEO-optimized listings on BrookWalsh.com

• Email marketing to targeted buyers

Vacation Homes & Investment Opportunities

Short-Term Rental Regulations

Short-term rentals are allowed but may require permits depending on location. Always check township guidelines.

ROI from Seasonal Rental Properties

Waterfront homes can earn up to $6,000/week in peak season. Partner with Northern Michigan Escapes for hassle-free management.

Property Management with NorthernMichiganEscapes.com

They handle:

• Bookings

• Cleaning and maintenance

• Guest communication

• Revenue optimization

Building New Homes in Lake Leelanau

Custom Home Builders in Leelanau County

Top builders include Maple Hill Builders and Biederman Custom Homes.

Land for Sale and Zoning Info

Acreage lots start around $100,000, but zoning laws vary—especially for waterfront parcels.

Cost Breakdown: From Permit to Move-In

Working with a Local Realtor

Why Hire a Lake Leelanau Specialist

A local expert understands zoning, waterfront regulations, and seasonal trends.

What to Expect from BrookWalsh.com

• Personalized service

• Deep market insight

• Skilled negotiation tactics

Client Testimonials and Success Stories

“Brook helped us land our dream lakefront property within two weeks!” — Client Review

Common Home Features Buyers Love

Open Floor Plans and Lake Views

Open layouts with oversized windows are a must-have for maximizing lakefront living.

Smart Home Technology in Leelanau Homes

Many new builds include:

• Smart thermostats

• Security systems

• Remote lighting controls

Green and Sustainable Home Upgrades

Solar panels, geothermal systems, and eco-friendly materials are increasingly popular.

Frequently Asked Questions

Q. How much do homes typically cost in Lake Leelanau?

A. Prices range from $300K for inland cottages to over $2 million for luxury lakefront estates.

Q. Are there restrictions on lakefront property usage?

A. Yes—zoning and shoreline protection rules apply. Consult a local expert for details.

Q. What’s the average time on market for homes here?

A. Waterfront homes often sell within 30–60 days; inland properties vary.

Q. Can I find fixer-uppers or investment flips?

A. Absolutely! Older cabins and mid-century homes offer excellent flip potential.

Q. What is the property tax rate in Leelanau County?

A. Around 1.5% of a home’s assessed value, though it varies by township.

Q. Do homes here sell year-round or seasonally?

A. Summer is peak buying season, but motivated sellers list year-round.

Conclusion: Why You Should Call Lake Leelanau Home

Lake Leelanau is more than a real estate market—it’s a lifestyle. Whether you're looking for a forever home, vacation escape, or investment opportunity, this Michigan gem delivers stunning scenery, strong community, and lasting value.

Ready to make a move? Let BrookWalsh.com guide you through every step of the process.

Useful Links

• Lake Leelanau Listings

• Northern Michigan Escapes.com