Lake Michigan

Lake Michigan, third-largest of the five Great Lakes of North America and the only one lying wholly within the United States. Bordered by the states of Michigan (east and north), Wisconsin (west), Illinois (southwest), and Indiana (southeast), it connects with Lake Huron through the Straits of Mackinac in the north.

Real Estate Statistics

Average Price $393K
Lowest Price $50K
Highest Price $10.9M
Total Listings 4,978
Avg. Days On Market 183
Avg. Price/SQFT $288

Property Types (active listings)

Lake Michigan is one of the five Great Lakes that is entirely sheltered by the United States; the other inland Seas also share a border with Canada.  Michi Gami, the Ojibwa (Chippewa) word for "large lake," forms the west coast of the Lower Peninsula and much of the southern coast of the Upper Peninsula, from Menominee at the Wisconsin border eastward to the Straits of Mackinac, where its waters meet Lake Huron.

Browse Lake Michigan Real Estate Listings

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Lake Michigan Homes for Sale 

Lake Michigan real estate is among the most expensive property in all of Northern Michigan.  At the very bottom of the Lake Michigan real estate market, you can occasionally find a tear down priced in the high $500,000's, while 2 or 3 bedroom condos for sale in Lake Michigan will cost from $400,000 to $1,000,000 or so (usually under 1,200 square feet) - and this makes up about forty percent of the Lake Michigan Real Estate market.

The vast majority of Lake Michigan home listings consist of single-family homes ranging from $750 thousand to about $12 million.  At the lower end of that range, buyers typically are looking at homes that range from about 1,500 to 2,500 square feet on smaller lots but these homes do tend to feature patios and rooms with panoramic ocean views.

As the price climbs,  Lake Michigan properties become more substantive, and as you push into the $3 to $6 million range, often buying homes in Lake Michigan means a 4,000+ square foot home on a good-sized lot.

If the price isn't an object, you can find stunning properties in  Lake Michigan, with the upper echelons in the space ranging from $5 million up to $12 million and above - the type of over-the-top homes.  At this price range, you'll get what you're paying for, with 15,000 square foot mansions that afford a waterfront view from almost every room and where listings will feature the name of some famous design.

Lake Michigan Community Highlights

Lake Michigan, the third-largest Great Lake, has a water surface area of 22,300 square miles, and it contains numerous islands, notably the Beaver Island archipelago and the North and South Manitou Islands off the coast of the "Little Finger" region of Michigan's mitten-shaped Lower Peninsula.  The Manitou Islands are a part of Sleeping Bear Dunes National Lakeshore. 

Michigan's western Great Lakes region benefits from the "lake effect" caused by the large body of its namesake water, which creates a favorable environment for growing a wealth of agricultural products. The state is a leader in many crops including blueberries, cherries, asparagus, and grapes for juice and wine: orchards and vineyards are especially successful along Lake Michigan.

Nearly four dozen lighthouses stand on the beaches of Lake Michigan as reminders of the importance of the centuries-old shipping industry, a story told well at the Michigan Maritime Museum in South Haven. The replica square topsail sloop Friends Good Will offers outings from the museum for a taste of 19th-century sailing; the Tall Ship Manitou out of Traverse City also offers daily sails in season.

One additional benefit shared all along the state's western beaches memorable sunsets that drop into the Great Lake Michigan.

Continue Your Northern Michigan Real Estate Search
Explore homes and real estate in the nearby communities below or contact Brook Walsh to help you with your search. You can also reach us by phone at (231) 459-3179 for all of your Lake Michigan real estate needs.