Real Estate Statistics
| Average Price | $380K |
|---|---|
| Lowest Price | $80K |
| Highest Price | $850K |
| Total Listings | 17 |
| Avg. Days On Market | 72 |
| Avg. Price/SQFT | $292 |
Property Types (active listings)
Browse Mancelona Waterfront Homes for Sale
- All Listings
- Under $100,000
- $100,000 - $200,000
- $200,000 - $300,000
- $300,000 - $400,000
- $400,000 - $500,000
- $800,000 - $900,000
Mancelona, MI Waterfront Homes for Sale
Introduction to Mancelona, MI
Nestled in the heart of northern Michigan, Mancelona is a charming village known for its breathtaking natural surroundings and welcoming community. With rolling hills, dense forests, and pristine lakes, this hidden gem offers a picturesque setting that’s ideal for year-round living or a seasonal retreat.
Mancelona is strategically located near larger towns like Gaylord and Traverse City, making it both peaceful and convenient. The area is rich in outdoor activities—from fishing and boating in summer to skiing and snowmobiling in winter. It’s a four-season paradise for nature lovers and adventure seekers alike.
Why Choose Waterfront Homes in Mancelona?
Waterfront homes in Mancelona aren't just properties—they're a lifestyle choice. Living by the water offers stunning views, relaxing vibes, and easy access to fun activities. Whether you're drawn by early morning kayak rides or lakeside family barbecues, owning a waterfront home here feels like a permanent vacation.
Beyond personal enjoyment, these homes are solid investments. With tourism on the rise in northern Michigan, waterfront properties are seeing consistent appreciation. Plus, the rental market for vacation homes is thriving, offering potential income for owners when they're not using the property.
Check out this video for a look at the Waterfront Lifestyle
Real Estate Market Overview
In 2025, the Mancelona real estate market continues to show promising signs of growth. Home values have appreciated steadily over the past five years, with particular interest in waterfront properties. Buyers are drawn to both the affordability compared to larger lakeside markets and the tranquil lifestyle it offers.
The average price of a waterfront home in Mancelona ranges from $250,000 to $800,000, depending on location, size, and amenities. Market analysts predict a moderate increase in prices, making now a good time to invest before values climb further.
Types of Waterfront Properties Available
You’ll find a diverse selection of waterfront properties in Mancelona:
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Lakefront Homes: Ideal for families or retirees seeking direct access to water and private docks.
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Cabins and Cottages: Cozy and often rustic, perfect for seasonal getaways or Airbnb rentals.
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Luxury Estates: Upscale homes with modern finishes, expansive views, and top-tier amenities.
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Vacant Land: For those wanting to build a dream lakefront escape from the ground up.
Each property type has its own charm, and real estate agents can help tailor your search to your lifestyle and budget.
Top Lakes and Rivers in Mancelona
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Lake Bellaire: One of the most desirable spots for waterfront living with crystal-clear waters.
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Intermediate River: Offers both beauty and boating access to the larger Chain of Lakes.
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Nearby Torch Lake: Though technically outside Mancelona, it's just a short drive and attracts high-end buyers.
These bodies of water are known for their scenic beauty, fishing opportunities, and recreational access, making them ideal for both living and investment.
Popular Neighborhoods for Waterfront Living
Choosing the right neighborhood in Mancelona is key to making the most of your waterfront lifestyle. Here are some popular areas to consider:
Shanty Creek Area
While technically a resort community closer to Bellaire, Shanty Creek is very accessible from Mancelona and offers luxurious lakeside homes and access to skiing, golf, and dining. It's a strong choice for buyers seeking both recreational amenities and serene views.
Downtown Mancelona
For those who want the blend of small-town charm and lakeside living, properties near downtown offer convenience with proximity to schools, markets, and community events.
Rural Lakefront Areas
Scattered around the outskirts of Mancelona are hidden gems—private lakes and riverfront homes with acres of land. These properties often feature larger lots, more privacy, and better prices per square foot than more populated areas.
Key Features to Look For
When touring Mancelona waterfront homes, keep an eye out for features that can significantly boost comfort, value, and usability:
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Private Docks & Boat Access: Perfect for lake enthusiasts.
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Large Decks or Screened Porches: Ideal for relaxing or entertaining with a view.
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Modern Kitchens & Bathrooms: Renovated spaces add resale value and daily comfort.
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Winterization: Ensures year-round usability and protects from harsh Michigan winters.
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Energy-Efficient Systems: Look for upgraded HVAC, insulation, and windows.
Average Price Ranges in 2025
Here’s a breakdown of what you can expect to pay in Mancelona in 2025:
| Property Type | Price Range |
|---|---|
| Small Cabins & Cottages | $180,000 – $280,000 |
| Mid-Range Lakefront Homes | $300,000 – $500,000 |
| Luxury Waterfront Estates | $550,000 – $850,000+ |
| Waterfront Land Parcels | $50,000 – $150,000 |
These prices vary based on proximity to major lakes, home size, and level of renovations. The good news? Compared to other northern Michigan hotspots, Mancelona remains highly affordable.
Financing Waterfront Homes
Buying a waterfront home usually means navigating a few extra steps in the mortgage process. Here's how to prepare:
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Get Pre-Approved: This helps you understand your budget and strengthens offers.
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Work with Local Lenders: They know the area and often offer better terms for seasonal homes.
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Consider Second-Home Loans: If this isn't your primary residence, these may apply.
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Flood Insurance Requirements: Depending on the location, this may be mandatory.
Tips for First-Time Waterfront Buyers
If you're new to the waterfront lifestyle, keep these tips in mind:
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Schedule a Waterfront Inspection: Water proximity can affect foundations, septic systems, and more.
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Understand Flood Zones: Check FEMA maps to see if insurance will be required.
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Ask About Shoreline Erosion: Long-term maintenance costs could be impacted.
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Factor in Seasonal Access: Some remote homes may be harder to reach during winter.
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Understand Utility Access: Ensure year-round water, electric, and internet service.
Best Real Estate Agencies in Mancelona
When buying waterfront property in Mancelona, partnering with a knowledgeable and local expert is essential. Here is the top-rated agencies that can help guide your purchase:
Brook Walsh – Northern Michigan Realtor
A leading name in luxury and waterfront real estate, Brook Walsh specializes in Mancelona and surrounding areas. Known for delivering premium service and in-depth market knowledge, Brook offers exclusive listings and tailored buying experiences. Whether you're looking for a serene retreat or a high-return investment, Brook Walsh ensures a smooth and professional process from start to finish. Explore listings at brookwalsh.com.
Mancelona Lifestyle & Amenities
Living in Mancelona means enjoying a laid-back, community-oriented lifestyle with plenty of nearby perks:
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Schools & Libraries: Mancelona Public Schools and a well-stocked public library serve families.
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Outdoor Recreation: Nearby hiking trails, fishing spots, snowmobile paths, and ski hills.
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Local Businesses: From cozy diners to family-run hardware stores, the town is full of character.
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Medical Access: Local clinics and proximity to larger hospitals in Traverse City.
Seasonal Considerations
Winter Prep
Mancelona winters are snowy and beautiful—but also require preparation. Heated driveways, snow plowing contracts, and insulated pipes are all worth considering for comfort and safety.
Summer Rentals
With peak tourism in July and August, many owners rent their homes for short stays. This can be a profitable way to cover mortgage costs and even generate income.
Investment Opportunities
Waterfront properties in Mancelona offer long-term value. Here's how:
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Vacation Rentals: Popular on Airbnb, especially cabins and homes on major lakes.
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Fix-and-Flip Projects: Older lakefront homes can be renovated for substantial gains.
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Land Banking: Buy land now, build later as demand increases.
Legal and Zoning Considerations
Before buying, make sure you're aware of local regulations:
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Shoreline Setbacks: May limit how close you can build to water.
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HOA Rules: Some communities may restrict rental use or types of structures.
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Building Permits: Ensure the land is buildable, especially if it's vacant.
Frequently Asked Questions
1. Are waterfront homes in Mancelona open year-round?
A. Yes, many homes are winterized, but confirm utilities and access for snow season.
2. Can I use my lakefront home as an Airbnb?
A. In many areas, yes! But always check local zoning and HOA restrictions.
3. Do I need flood insurance for a Mancelona waterfront home?
A. Only if it's in a designated flood zone, which varies by location.
4. What are property taxes like in Mancelona?
A. Reasonable compared to nearby tourist towns; expect about 1.5–2% of home value.
5. How fast do waterfront homes sell in Mancelona?
A. In-demand homes near Lake Bellaire or Torch Lake can sell quickly—sometimes within weeks.
6. Can I finance a waterfront lot and build later?
A. Yes, though construction loans differ from standard mortgages and may require larger down payments.
Final Thoughts
Owning a waterfront home in Mancelona, MI, is more than a real estate purchase—it’s an investment in lifestyle, relaxation, and potential income. Whether you're looking for a summer retreat, a permanent residence, or a profitable rental property, Mancelona delivers charm, affordability, and unmatched natural beauty.
If you're ready to take the next step, consult with a local agent, review active listings, and explore this incredible community for yourself.
Eager to learn more about Mancelona, Michigan waterfront homes for sale? Connect with Brook Walsh today! We'll be happy to help you through every step of the Northern Michigan lifestyle real estate process.
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