Condominium Lifestyle

Mancelona, Michigan

Nestled in the heart of Northern Michigan, Mancelona is a charming village that perfectly balances small-town warmth with access to some of the region’s most breathtaking natural attractions. Surrounded by lush forests, pristine lakes like Starvation and Sixmile, and world-class ski resorts such as Shanty Creek and Schuss Mountain, Mancelona offers residents and visitors an active, outdoor-centric lifestyle year-round.

For homeowners, especially those investing in condominiums, Mancelona delivers great value with its affordable real estate prices, strong sense of community, and growing appeal as a vacation destination. The welcoming spirit, combined with easy access to outdoor adventures and seasonal events, makes Mancelona a true gem for primary residents, retirees, and investors alike.

Mancelona, MI Condominiums for Sale

Real Estate Statistics

Average Price $216K
Lowest Price $74.9K
Highest Price $379K
Total Listings 7
Avg. Days On Market 79
Avg. Price/SQFT $266

Property Types (active listings)


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Mancelona, MI Condominiums for Sale: 15 Eye-Opening Investment Insights

Mancelona, MI condominiums for sale offer affordable, low-maintenance living with strong investment potential in Northern Michigan’s scenic paradise.

Introduction to Mancelona, Michigan Real Estate

Introduction to Mancelona, Michigan Real Estate

Welcome to Mancelona—where Northern Michigan charm meets real estate opportunity. Whether you're dreaming of a weekend getaway, a rental income stream, or a cozy full-time residence, Mancelona, MI condominiums for sale offer a compelling mix of affordability, low-maintenance living, and investment value.

Located in Antrim County, this picturesque village is surrounded by forests, ski slopes, lakes, and trails—making it a year-round destination for nature lovers and real estate investors alike.

Why Consider Condominiums in Mancelona?

Buying a condo in Mancelona isn't just about the roof over your head—it's about the lifestyle and long-term value. Let’s unpack why a condominium in this scenic region is a smart buy.

Affordability Compared to Traditional Homes

Condos typically come with a smaller price tag than standalone homes. In Mancelona, where the median single-family home might be priced higher due to land and size, condominiums offer a more budget-friendly entry point into the market.

Lower Maintenance Appeal

Forget mowing the lawn or shoveling the driveway—most Mancelona condos include maintenance services through homeowner associations (HOAs). It’s an ideal setup for:

  • Busy professionals

  • Second-home owners

  • Retirees looking to downsize

Ideal for Vacationers and Retirees

With proximity to ski resorts like Schuss Mountain and golf courses galore, these condos cater to seasonal and year-round residents. The lock-and-leave lifestyle makes condo ownership especially attractive for snowbirds or out-of-town investors.

Key Neighborhoods Offering Condos in Mancelona

Key Neighborhoods Offering Condos in Mancelona

Downtown Mancelona

Enjoy walkability to restaurants, markets, and local events. Condos here often blend vintage architecture with modern upgrades, offering a charming slice of small-town life.

Shanty Creek Resort Area

Just a short drive away, this area boasts ski-in/ski-out condos, top-tier golf courses, and resort-style amenities. Units here are popular among short-term rental investors due to year-round demand.

Lakeside Communities Around Starvation Lake and Sixmile Lake

Lakefront condos provide stunning views and private water access. These properties are rare and tend to sell quickly due to their serene settings and recreation opportunities.

Types of Condominiums Available

Types of Condominiums Available

Studio and One-Bedroom Units

Perfect for solo buyers or couples looking for a weekend retreat. Compact, efficient, and easy to maintain.

Family-Sized Multi-Bedroom Units

Three- and four-bedroom layouts provide ample space for families or vacation groups. Often found near resorts or wooded settings with scenic views.

Luxury and Ski-In/Ski-Out Condos

High-end finishes, fireplaces, vaulted ceilings, and private balconies make these units a standout for both lifestyle and rental income.

Amenities That Add Value

Condo living in Mancelona comes with more than just four walls and a roof.

Pools, Hot Tubs, and Saunas

These resort-style touches make life more relaxing—and more appealing for renters.

Fitness Centers and Clubhouses

HOAs often include access to workout facilities, event spaces, and lounges for social gatherings.

Pet-Friendly and Rental-Friendly Features

Some complexes allow short-term rentals and pets, which is a huge plus for maximizing usability and ROI.

Current Market Trends in Mancelona Condominiums

Current Market Trends in Mancelona Condominiums

Average Prices and Appreciation

As of recent reports, condos in Mancelona range from $100,000 to $400,000, depending on location, size, and amenities. With increased interest in Northern Michigan, prices have appreciated steadily over the last five years.

Days on Market and Inventory Insights

In-demand units near Shanty Creek or lakefronts tend to sell in under 45 days. Inventory remains limited, keeping competition high and values rising.

Investment Potential and ROI

Short-term rental potential combined with modest HOA fees and strong occupancy rates means investors are seeing 5% to 8% annual returns, depending on management efficiency and property upgrades.

Best Time to Buy a Condo in Mancelona

Seasonal Considerations

  • Spring/Summer: Ideal for lakefront buyers; inventory is higher.

  • Fall/Winter: Great time for ski condo deals; fewer competing buyers.

Price Fluctuations Over the Year

Winter often sees price dips, while summer can bring higher listings but more buyer competition. Timing is everything—especially if you're eyeing a vacation home.

Tips for First-Time Condo Buyers

Tips for First-Time Condo Buyers

Getting Pre-Approved for Financing

Lenders often have different criteria for condos, especially if the HOA doesn’t meet certain requirements. Talk to a mortgage advisor early.

Working with a Local Realtor

Partnering with an experienced local agent like Brook Walsh ensures:

  • Access to off-market listings

  • Insight into HOA strengths and weaknesses

  • Strong negotiation strategy

Navigating HOA Fees and Rules

What’s Typically Covered?

  • Exterior maintenance

  • Landscaping

  • Snow removal

  • Water/sewer

  • Amenities (e.g., pool, gym)

Reading the Fine Print

Always review the HOA’s bylaws and financials. Look for:

  • Reserve fund strength

  • Special assessment history

  • Restrictions on rentals and pets

Financing Your Condo Purchase

Financing Your Condo Purchase

Conventional Loans vs. Portfolio Loans

Some condos are considered “non-warrantable” by Fannie Mae. In those cases, you'll need a portfolio lender with more flexible underwriting.

VA and FHA Options

FHA-approved condos are limited but growing. VA loans can work if the development is approved, making it easier for veterans to buy.

Short-Term Rental Potential in Mancelona

Ski Season and Year-Round Demand

Properties near Shanty Creek can command $200–$500 per night in winter, with summer demand driven by lakes, golf, and trails.

Local Ordinances and Rental Rules

Be sure to review Antrim County's vacation rental rules and confirm your HOA allows short-term leasing.

Living the Northern Michigan Lifestyle

Living the Northern Michigan Lifestyle

Outdoor Adventures and Nearby Attractions

  • Torch Lake boating

  • Schuss Mountain skiing

  • Glacial Hills hiking and biking

  • Snowmobiling trails through the Jordan River Valley

Dining, Wineries, and Artisan Shops

The area’s farm-to-table restaurants, boutique wine producers, and local artists give it a world-class yet laid-back vibe.

Mancelona vs. Other Northern Michigan Markets

Mancelona vs. Boyne City

Boyne City offers a bustling downtown and waterfront—but prices are significantly higher. Mancelona delivers more value for the dollar.

Mancelona vs. Petoskey

Petoskey has a more upscale reputation but also comes with higher taxes and property costs. Mancelona is ideal for smart investors and budget-conscious buyers.

Working with BrookWalsh.com to Find Your Condo

Local Expertise and Listings

Brook Walsh knows Northern Michigan like the back of his hand. BrookWalsh.com showcases the best condos with market insights that help you buy with confidence.

Concierge-Level Real Estate Service

From property tours to financing support, Brook offers end-to-end service that’s rooted in trust and results.

FAQs About Mancelona Condos

FAQs About Mancelona Condos

1. Are there pet-friendly condos in Mancelona?
A. Yes, several complexes allow pets, though restrictions vary. Always check the HOA rules.

2. Can I use my condo as a vacation rental?
A. Many units near resorts allow short-term rentals, but it's vital to confirm HOA and zoning regulations.

3. How much are average HOA fees in Mancelona?
A. Most range from $150 to $350/month, depending on included amenities.

4. Is winter access difficult in Mancelona?
A. Nope! Plowing and maintenance are usually handled by the HOA, keeping roads and drives clear.

5. What's the average condo price in Mancelona?
A. Expect to pay between $100K–$400K, depending on location and size.

6. Do I need a special loan to buy a condo?
A. Sometimes. If the development is non-warrantable, you’ll need a portfolio loan instead of a traditional mortgage.

Conclusion and Next Steps

If you're looking for a slice of paradise with serious upside, Mancelona, MI condominiums for sale deserve a spot on your radar. Between natural beauty, four-season fun, and favorable price points, it's a market where smart buyers find big wins.

Ready to explore listings or schedule a tour? Start now at BrookWalsh.com and let Northern Michigan welcome you home.

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.

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