Real Estate Statistics
| Average Price | $630K |
|---|---|
| Lowest Price | $74.9K |
| Highest Price | $1.6M |
| Total Listings | 3 |
| Avg. Days On Market | 217 |
| Avg. Price/SQFT | $569 |
Property Types (active listings)
Browse Onekama Downtown Homes for Sale
- All Listings
- Under $100,000
- $200,000 - $300,000
- Over $1,000,000
Onekama, MI Downtown Homes for Sale: Explore 15 Rare Finds in This Lakeside Gem
Introduction to Onekama, Michigan
Welcome to Onekama, MI—a lakeside village where charm and serenity meet investment opportunity. Nestled between the shores of Lake Michigan and Portage Lake, Onekama offers residents a peaceful yet vibrant community lifestyle. This article explores Onekama, MI downtown homes for sale, showcasing rare real estate gems and why this small town might just be your next big move.
The Charm of a Lakeside Village
Onekama isn’t just a place—it’s a way of life. This quaint town boasts postcard-worthy views, cozy community vibes, and waterfront relaxation.
Location and Accessibility
Located in Manistee County, Onekama is easily accessible via US-31 and just a 15-minute drive to Manistee Blacker Airport. Residents love the peaceful drive around M-22 Scenic Route, known for its stunning coastal and countryside views.
Why Downtown Onekama is a Hidden Treasure
Small-Town Feel with Big-Time Perks
Downtown Onekama may be small, but it’s packed with personality. From artisan coffee shops to seasonal farmer’s markets, life here is simple yet enriching.
Lifestyle Benefits of Living Near Portage Lake
Living downtown means being minutes from Portage Lake's public access points, ideal for boating, fishing, or simply enjoying sunset strolls along the shoreline.
Overview of the Onekama Real Estate Market
Recent Trends in Downtown Home Sales
The market for Onekama, MI downtown homes for sale has remained strong in recent years. Thanks to limited inventory and growing interest in waterfront communities, demand continues to outpace supply.
Home Price Ranges and Inventory Levels
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Entry-level homes: $180,000–$250,000
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Mid-range properties: $275,000–$400,000
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Premium lakeview or waterfront homes: $500,000+
Expect lower inventory in the winter months, but spring and summer bring more listings—and more competition.
Investment Potential in Downtown Onekama
Short-term rentals, vacation homes, and long-term appreciation make Onekama a smart spot to invest. Portage Lake proximity boosts both desirability and nightly rental income potential.
Check out this video for a look at the Onekama Community
Types of Downtown Homes Available
Historic Cottages and Restored Homes
Downtown Onekama features turn-of-the-century homes with charming architecture. Many have been updated to offer modern comfort without losing their character.
New Construction Near the Marina
Buyers looking for energy-efficient builds and modern finishes will find select new homes popping up near the marina and First Street.
Lakeview Homes and Canal-Access Properties
Some downtown homes offer sweeping views of Portage Lake or access to the canal that connects it to Lake Michigan—ideal for boaters and waterfront lifestyle seekers.
Top 15 Rare Finds in Onekama’s Downtown Market
#1 - Renovated 1920s Craftsman Home
Beautifully restored, this classic has hardwood floors, a spacious front porch, and lake glimpses.
#2 - Modern Cape Cod with Lake Views
Newly built with smart home features, this property offers panoramic views of Portage Lake.
#3 - Duplex with Rental Income Opportunity
Live in one unit, rent the other. A top pick for investor buyers.
#4 - Canal-Front Property with Private Dock
Perfect for boat owners. Direct access to Portage Lake and Lake Michigan.
#5 - Walk-to-Everything Bungalow
Steps to cafes, markets, and Portage Point. Compact but packed with charm.
#6 - Contemporary Cabin with Smart Features
Rustic vibes meet tech-forward living. Great for Airbnb or personal retreat.
#7 - Waterfront Colonial with Deck and Hot Tub
Tons of indoor/outdoor space and beautiful sunset views from the hot tub deck.
#8 - Updated Ranch-Style Home
Single-level living with new appliances, roof, and furnace—move-in ready.
#9 - Vintage Cottage with Garden Space
Cozy layout, fenced yard, and custom garden beds make this home ideal for green thumbs.
#10 - Newly Built Townhome by the Marina
Low-maintenance living with water access, ideal for seasonal residents.
#11 - Brick-Faced Home with Oversized Garage
Room for toys and tools—an ideal setup for hobbyists or lake lifestyle lovers.
#12 - Raised Ranch with Finished Basement
Extra space downstairs perfect for guests or home office setup.
#13 - Pet-Friendly Family Home with Fenced Yard
Safe for kids and pets with nearby walking trails and playgrounds.
#14 - Elegant Lakeside Estate
High-end finishes, private beach, and panoramic windows—true luxury.
#15 - Affordable Starter Home in a Prime Spot
Perfect entry point for first-time buyers wanting to live downtown.
What to Look for When Buying in Downtown Onekama
Walkability and Proximity to Local Amenities
Homes within walking distance of the Onekama Village Park, Portage Lake Yacht Club, and local eateries add major lifestyle value.
Property Conditions and Historic Home Considerations
Older homes may come with character—and quirks. Be sure to have a thorough inspection for foundational or plumbing issues.
Future Development Plans and Zoning
Consult the Village of Onekama Master Plan to understand zoning, potential developments, and how it may impact property value.
Financing Your Onekama Dream Home
Local Lender Options
Work with banks familiar with northern Michigan properties, such as Honor Bank or West Shore Bank.
Second Home and Investment Financing
Ask your lender about portfolio loans, which are more flexible for seasonal or rental properties.
Working with a Local Real Estate Expert
Why Choose BrookWalsh.com for Your Home Search
Brook Walsh specializes in Northern Michigan real estate and understands the intricacies of buying in Onekama’s waterfront community. With deep local knowledge and top-tier marketing, BrookWalsh.com delivers a seamless buying experience.
Importance of Local Knowledge and Market Timing
Having boots-on-the-ground insight gives buyers a competitive edge in a low-inventory market.
Community Life in Onekama
Local Events and Festivals
From the Onekama Days Festival to boat parades, this town knows how to bring people together.
Dining, Shopping, and Recreation Nearby
Downtown features locally loved spots like The Glenwood, Blue Slipper Bistro, and weekend farmers markets.
Outdoor Activities: Fishing, Boating, Hiking
Enjoy Portage Lake fishing, Lake Michigan boating, and hiking trails in the Manistee National Forest—all at your doorstep.
Frequently Asked Questions
Q. Is downtown Onekama a good place to invest?
A. Absolutely. Limited inventory and lake proximity make it an attractive market for long-term gains.
Q. What’s the average cost of a home in downtown Onekama?
A. Expect homes to range from $180K to $500K+, depending on size, location, and amenities.
Q. Are there any lakefront properties in the downtown area?
A. Yes! Some rare listings include direct Portage Lake frontage or canal access to Lake Michigan.
Q. Is Onekama suitable for year-round living?
A. Yes. Though some homeowners use their property seasonally, many enjoy year-round comfort with upgraded insulation and heating systems.
Q. Can I find pet-friendly homes in downtown Onekama?
A. Definitely. Several listings include fenced yards and proximity to trails perfect for pets.
Q. How competitive is the real estate market right now?
A. It's fairly competitive, especially in spring and summer. Working with a local agent is key.
Conclusion: Your Lakeside Dream Awaits in Onekama
Final Thoughts and Next Steps
Whether you’re eyeing a family home, seasonal getaway, or long-term investment, Onekama, MI downtown homes for sale deliver the charm, value, and lifestyle buyers crave. This quaint town offers more than just a home—it offers a place to belong.
Ready to Find Your Downtown Home? Let’s Talk
Explore listings, schedule showings, and find your perfect match at BrookWalsh.com—your trusted partner in Northern Michigan real estate.
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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