Explore Top Onekama, MI Condos for Sale Near Lake Michigan

^{Condominium Lifestyle}

Onekama, Michigan

Nestled between the crystal-clear waters of Lake Michigan and the tranquil shores of Portage Lake, Onekama, Michigan, offers a peaceful retreat with a true "Up North" charm. The condos for sale in Onekama provide a unique opportunity to enjoy maintenance-free living surrounded by nature’s beauty. Whether you're searching for a seasonal getaway or a full-time residence, Onekama condos offer scenic lake views, close-knit communities, and easy access to boating, fishing, hiking, and local festivals.

Residents enjoy well-maintained properties with resort-style amenities including private docks, walking trails, and lakefront balconies. Located just off scenic M-22, Onekama is a gateway to outdoor adventure and small-town living at its finest. With charming shops, cozy restaurants, and a friendly atmosphere, this community is ideal for retirees, vacationers, and investors seeking a high-quality lifestyle in Northern Michigan.

Real Estate Statistics

Average Price	$0
Lowest Price	$0
Highest Price	$0
Total Listings	0
Avg. Price/SQFT	$0

Property Types (active listings)

Browse Onekama Condominiums for Sale

• All Listings

Top-Rated Guide to Onekama, MI Condos for Sale: Best Deals & Insights

Introduction to Onekama, Michigan

Tucked along the picturesque shores of Lake Michigan and Portage Lake, Onekama, MI is a tranquil lakeside village that captures the charm of Northern Michigan living. Known for its natural beauty, laid-back lifestyle, and strong sense of community, Onekama has become a desirable destination for homebuyers seeking both vacation escapes and permanent residences. Condos in Onekama offer a perfect blend of convenience and charm, making them ideal for retirees, investors, and families alike.

History and Community Overview

Onekama, established in the late 1800s, has evolved from a small lumber and shipping town to a peaceful residential and recreational community. Its rich maritime history is still visible in the preserved architecture and local museums. Today, it’s home to year-round residents as well as seasonal visitors who enjoy its quiet streets, welcoming neighborhoods, and stunning natural surroundings.

Onekama’s Geographic and Lifestyle Appeal

Positioned just off scenic M-22, Onekama offers easy access to Lake Michigan while maintaining a quieter, small-town feel compared to larger lakefront cities. The proximity to state parks, golf courses, hiking trails, and water activities makes it an outdoor enthusiast’s paradise. Living in Onekama means enjoying sunrise strolls along Portage Lake, kayaking adventures, and breathtaking autumn foliage—all from the comfort of your condo balcony.

Why Consider Buying a Condo in Onekama, MI

Affordability vs. Single-Family Homes

Condos in Onekama tend to be more affordable than standalone homes, especially those along the lakefront. This makes them an excellent entry point for buyers looking to enjoy lakeside living without the higher price tag of a full property.

Maintenance-Free Living for Owners

One of the biggest draws of condo living is the low-maintenance lifestyle. HOA-managed properties often include lawn care, snow removal, and exterior upkeep—perfect for snowbirds or those seeking a part-time vacation residence.

Access to Lake Michigan and Portage Lake

Many condos in Onekama are just steps away from the beaches and marinas. Whether you're a sailing enthusiast, angler, or beachcomber, easy lake access adds year-round recreational value.

Popular Condo Developments in Onekama, MI

Portage Point Inn & Marina Condos

Historic and charming, the Portage Point Inn offers both heritage appeal and modern comforts. With a range of units available, from studios to multi-bedroom suites, this property offers direct access to Portage Lake and top-notch resort amenities.

Scenic Ridge Condominiums

Situated on a ridge overlooking Lake Michigan, these condos provide panoramic views and peaceful surroundings. Perfect for retirees and vacationers, Scenic Ridge emphasizes tranquility and privacy.

Other Boutique & Waterfront Options

In addition to major developments, Onekama has smaller, privately owned condo buildings—some with private docks, gardens, and beach access. These hidden gems are ideal for buyers seeking exclusivity and character.

Key Features to Look for in Onekama Condos

Lake Views, Balconies, and Sunrooms

A standout feature in many Onekama condos is the spectacular view. Whether it's overlooking the vast expanse of Lake Michigan or the serene waters of Portage Lake, properties with balconies and sunrooms enhance the living experience by bringing the outdoors in. Buyers should prioritize units that maximize these views, especially for resale value and daily enjoyment.

Amenities like Pools, Fitness Centers, and Boat Slips

Many developments in Onekama offer resort-style amenities. Condos may include access to swimming pools, fitness centers, and private beaches. For boaters, units with marina privileges or boat slips are especially attractive, making lakeside living even more convenient.

HOA Fees, Rules, and Community Vibe

Before buying, it’s crucial to evaluate the homeowners association (HOA). Understand what the monthly fees cover—common examples include water, garbage, landscaping, and insurance. Also, review community rules about rentals, pets, and renovations to ensure they align with your lifestyle.

Pricing Trends: Onekama, MI Condos for Sale

Average Listing Prices Over the Years

Over the past decade, condo prices in Onekama have shown moderate but consistent growth. Entry-level condos might start in the mid-$150,000 range, while premium lakefront units can exceed $400,000 depending on size and amenities.

Price Per Square Foot Comparison

The average price per square foot in Onekama condos typically ranges from $170 to $300. This range depends on proximity to the water, condition of the unit, and included amenities. Compared to other Lake Michigan towns like Traverse City or Holland, Onekama offers better value per dollar.

Seasonal Variations in Pricing

Real estate activity peaks in spring and summer when more buyers are shopping for vacation homes. Prices may rise slightly during this time, and competition can be fierce. Winter, though quieter, often brings better deals and motivated sellers.

Investment Opportunities and ROI

Vacation Rentals and Airbnb Potential

With growing interest in Northern Michigan tourism, short-term rentals are a lucrative option. Properties near Portage Lake or downtown Onekama see high demand in summer months. Condo owners can capitalize on weekly rentals, especially if the property allows it via the HOA.

Long-Term Value Appreciation

While Onekama remains relatively affordable, real estate appreciation has been steady. With infrastructure improvements and tourism growth, buyers today are likely to enjoy increasing property values in the coming years.

Buying Process for Onekama Condos

Finding a Local Realtor

Financing and Mortgage Tips

Lenders often have different requirements for condo loans, including reviews of the condo association’s financial health. A pre-approved mortgage can make your offer more competitive in a hot market.

Inspection and Closing Advice

Don’t skip the home inspection—even in condos. Pay close attention to plumbing, roofing (especially in older buildings), and HVAC systems. Also, check whether special assessments are pending in the HOA budget.

Pros and Cons of Condo Ownership in Onekama

Benefits of Community Living

Condos in Onekama offer a sense of community and shared resources, making them attractive for retirees or solo buyers. Maintenance is handled collectively, and some communities organize social events or group activities.

Potential Restrictions and Limitations

However, condos may have limitations on customizations, rentals, or pet ownership. Always read the HOA bylaws before making a purchase to ensure compatibility with your needs.

Local Attractions and Lifestyle Perks

Water Activities and Nature Trails

From sailing and paddleboarding on Portage Lake to hiking at Arcadia Dunes or the Manistee National Forest, outdoor adventures are always close by. The Onekama area offers both calm inland waters and majestic Lake Michigan coastlines.

Dining, Shopping, and Local Events

Onekama hosts farmer’s markets, community concerts, and seasonal festivals. Small-town diners, art galleries, and boutique shops give the village its friendly, laid-back vibe. Just a short drive away, Manistee expands your options with casinos, golf courses, and more restaurants.

FAQs: Onekama, MI Condos for Sale

Q. What is the average cost of a condo in Onekama, MI?

A. The average condo price in Onekama ranges from $180,000 to $400,000 depending on location, size, and amenities.

Q. Can I rent out my condo seasonally?

A. Yes, many Onekama condos allow seasonal rentals, especially near the lake. However, you should verify HOA rules for each development.

Q. What amenities are common in Onekama condos?

A. Typical amenities include lake access, marinas, pools, walking trails, and maintenance services.

Q. Are Onekama condos good for retirees?

A. Absolutely. The peaceful setting, low-maintenance lifestyle, and strong sense of community make Onekama ideal for retirees.

Q. How far is Onekama from major Michigan cities?

A. Onekama is about 3.5 hours from Detroit, 2.5 hours from Grand Rapids, and under an hour from Traverse City.

Q. Is there a high demand for vacation rentals in Onekama?

A. Yes, especially during summer. Properties near Portage Lake and Lake Michigan tend to rent quickly to tourists.

Conclusion: Finding Your Ideal Onekama Condo

If you’re searching for a peaceful, picturesque place to call home—or a smart investment opportunity—Onekama, MI condos for sale offer an unbeatable combination of value, lifestyle, and location. Whether you prefer lakefront views, proximity to nature, or a charming small-town atmosphere, Onekama delivers on every front. With a range of properties and price points, now is a great time to explore your options in this hidden Michigan gem.

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.