Discover Onekama, MI Homes for Sale: Lakeside Living & Top Property Insights

Onekama

Nestled between the sparkling waters of Portage Lake and the vast shoreline of Lake Michigan, Onekama, Michigan is a hidden gem offering the best of lakeside living. Known as the "Two Lake Town," this quaint village is a favorite among homebuyers seeking natural beauty, outdoor adventure, and a close-knit community atmosphere.

Residents enjoy boating, fishing, and kayaking, as well as access to scenic trails, golf courses, and nearby state parks. The town's walkable downtown features charming shops, local eateries, and seasonal farmers markets, all set against a backdrop of stunning sunsets and peaceful surroundings. Whether you're looking for a serene retirement retreat, a family-friendly environment, or a high-performing vacation rental, Onekama delivers small-town charm with big lifestyle perks.

Real Estate Statistics

Average Price	$524K
Lowest Price	$74.9K
Highest Price	$1.6M
Total Listings	6
Avg. Days On Market	150
Avg. Price/SQFT	$376

Property Types (active listings)

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$1,550,000

4472 Crescent Beach Road, Onekama

3 Beds 2 Baths 1,529 SqFt Residential MLS® # 1923610

$600,000

10357 E Starlight Ridge Circle, Onekama

2 Beds 2 Baths 1,616 SqFt Residential MLS® # 1939275

$375,000

9155 Ivanhoe Drive, Onekama

3 Beds 2.5 Baths 2,040 SqFt Residential MLS® # 1936819

$279,000

↓ $5,000

4507 Maidens Road, Onekama

3 Beds 2 Baths 1,499 SqFt Residential MLS® # 1937627

$265,000

↓ $4,000

8377 Zosel Street, Onekama

4 Beds 3 Baths 2,125 SqFt Residential MLS® # 1933739

$74,900

↓ $5,000

8349 Lee Crest Boulevard, Onekama

0 Beds 0 Baths 0 SqFt Land MLS® # 1933372

Onekama, MI Homes for Sale | Serene Lakeside Living + 21 Must-Know Insights

Introduction to Onekama, Michigan Real Estate

Nestled along the scenic Portage Lake and just a stone’s throw from the breathtaking shores of Lake Michigan, Onekama, MI homes for sale offer a rare mix of small-town warmth, stunning natural landscapes, and lifestyle opportunities that are hard to match. Whether you're a retiree seeking peace, a family looking for outdoor adventures, or an investor eyeing lucrative vacation properties, Onekama serves up charm and value in equal measure.

Why Buyers Are Flocking to Onekama, MI

Stunning Natural Beauty and Lakeside Charm

Onekama is known as the "Two Lake Town" thanks to its unique location between Portage Lake and Lake Michigan. This connection creates a one-of-a-kind waterfront experience where boating, beachcombing, and awe-inspiring sunsets are everyday perks. Picture sipping coffee on your deck with the lake mist rising in the distance—that’s the vibe here.

Year-Round Outdoor Recreation

This Northern Michigan gem isn’t just a summer hotspot. Residents and visitors alike enjoy:

• Boating and sailing on Portage Lake and Lake Michigan

• Hiking and snowshoeing through nearby trails

• Fishing year-round, with ice fishing in the winter

• Snowmobiling and skiing just a short drive away

From beach days to snowflakes, Onekama delivers an outdoor lover’s paradise.

Check out this video for a look at Onekama, Michigan

Onekama Real Estate Market Overview

Median Home Prices and Trends

As of early 2025, the median listing price for homes in Onekama hovers around $375,000, with lakefront properties commanding a premium. The market remains competitive but accessible, particularly when compared to nearby resort towns like Traverse City or Charlevoix.

Recent years have seen steady appreciation—home values in Onekama have increased by nearly 6.8% year-over-year, driven by growing interest from both downstate buyers and out-of-state remote workers.

Market Inventory and Home Appreciation

The inventory is tight—supply is limited, especially for turn-key lakefront properties and vacation-ready homes. Because of this, homes here tend to sell quickly, often with multiple offers. Savvy buyers keep a close eye on new listings and move fast with local agents who have their finger on the pulse.

Types of Homes for Sale in Onekama, MI

Lakefront Properties

Lakefront homes on Portage Lake are among the most coveted. These often feature private docks, sandy beaches, and panoramic views. Some are legacy cottages with historic charm, while others are modern builds with open floor plans and expansive decks.

Single-Family Homes

Single-family homes throughout Onekama offer a range of options—cozy ranches, mid-century homes, and new construction tucked among the trees. Many offer generous lot sizes and easy access to hiking trails or the village center.

Luxury Homes and Estates

Upscale properties come equipped with gourmet kitchens, spa-like baths, and premium finishes. Think vaulted ceilings, fireplaces, wraparound porches, and 4-season sunrooms overlooking the lake.

Vacation and Investment Properties

Onekama is ripe for short-term rental investments. With Northern Michigan Escapes and Brook Walsh guiding vacation rental management, many buyers are turning their homes into profitable seasonal retreats.

Top Neighborhoods in Onekama

Portage Lake Area

The area surrounding Portage Lake is the most sought-after, providing easy access to the channel, parks, boat launches, and the beach.

Arborvitae Shores

Located just east of Portage Lake, Arborvitae Shores offers a peaceful wooded setting with homes that boast privacy and serene views.

Chief Lake Estates

A newer development featuring larger lots and custom builds, ideal for those wanting newer construction with a community feel.

Living in Onekama: What to Expect

Cost of Living and Property Taxes

Compared to other Michigan lakeside towns, Onekama is affordable. Property taxes vary by township but are generally lower than state averages, offering great value for lakefront living.

Local Schools and Education Options

Served by the Onekama Consolidated Schools, the town offers excellent student-to-teacher ratios, competitive sports programs, and engaged parent communities. Nearby options include Manistee Area Public Schools and Northwestern Michigan College in Traverse City.

Healthcare, Amenities, and Services

From small-town medical clinics to full-service hospitals in Manistee (just 15 minutes away), healthcare needs are covered. You’ll also find:

• Local markets and cafes

• Home and garden stores

• Seasonal farmers markets

• High-speed internet availability

Onekama strikes the perfect balance between rustic charm and modern convenience.

Outdoor Lifestyle and Recreation

Portage Lake and Lake Michigan Access

Onekama’s crown jewel is Portage Lake, connected directly to Lake Michigan by a scenic channel. Residents enjoy:

• Easy boat access to Lake Michigan

• Sandy public beaches

• Serene sunrise and sunset views

• A vibrant boating community

Whether you’re an avid angler, a sailing enthusiast, or just want to paddleboard on a quiet morning, Onekama offers aquatic adventures at every turn.

Fishing, Boating, and Kayaking

You’ll find world-class fishing right in town. The lakes are home to:

• Walleye

• Perch

• Steelhead

• Lake trout

• Chinook salmon (especially in fall runs)

Kayakers can explore peaceful coves along Portage Lake, while powerboats head out through the channel to explore Lake Michigan’s open waters.

Hiking Trails and Nature Preserves

Nature lovers will feel right at home. Explore:

• Portage Point Woods Nature Preserve – great for birdwatching

• Arcadia Dunes – just south of town with miles of dunes and trails

• Manistee National Forest – for true backwoods adventure

In every season, outdoor recreation is a way of life here.

Onekama’s Unique Small-Town Culture

Annual Events and Festivals

Onekama punches above its weight when it comes to community spirit. Locals and visitors alike gather for events like:

• Onekama Days Festival – featuring parades, fireworks, and live music

• Portage Lake Boat Parade – a colorful summer highlight

• Fall Color Tours – to take in Michigan’s breathtaking autumn foliage

These events create a sense of belonging that makes people fall in love with Onekama.

Local Art, Music, and Food Scene

Though small, the town boasts a creative soul. Highlights include:

• Local artisan shops and galleries

• Live music at summer events and local eateries

• Cozy cafes and waterfront dining, such as The Glenwood Restaurant

Residents enjoy a relaxed, neighborly vibe mixed with a growing appreciation for the arts and culinary flair.

Investment Potential of Onekama Real Estate

Vacation Rental Income Opportunities

Tourism continues to grow, making short-term vacation rentals a lucrative option. Many investors are:

• Renovating older cottages to appeal to travelers

• Partnering with professional management firms like NorthernMichiganEscapes.com

• Capitalizing on peak summer and fall travel seasons

Lakefront homes and walk-to-town properties rent quickly and often command premium nightly rates.

Long-Term Property Value Growth

With the increasing popularity of remote work, buyers are choosing destination living over big-city stress. Onekama’s value is rising thanks to:

• Low inventory and high demand

• A reputation for sustainable growth

• Proximity to Traverse City and Manistee

Now is the time to get in before prices climb even higher.

How to Buy a Home in Onekama, MI

Step-by-Step Buying Process

1. Get pre-approved for a mortgage

2. Connect with a local real estate expert (like BrookWalsh.com)

3. Begin your home search—focus on priorities: lakefront, walkable, acreage?

4. Tour properties and assess condition/value

5. Make an offer and negotiate

6. Complete inspections and close with confidence

Working with a local expert ensures you’re not missing hidden gems or under-the-radar investment opportunities.

Choosing a Local Real Estate Expert

Your agent should:

• Know zoning rules for waterfront properties

• Understand vacation rental potential

• Have insider access to upcoming listings

• Provide concierge-level support

BrookWalsh.com offers all that and more—whether you’re a first-time buyer, seasoned investor, or looking to relocate.

Selling a Home in Onekama, MI

Pricing and Staging Strategies

To get top dollar in this competitive market:

• Set a realistic but strong list price

• Invest in light staging—especially lake-facing rooms

• Highlight upgrades in your listing (new roof, dock, kitchen)

Homes with strong online photos and virtual tours generate more buzz and sell faster.

Marketing and Listing Tips

Don’t just list—launch your property with:

• Professional photography and drone footage

• SEO-optimized listings on platforms like BrookWalsh.com

• Targeted social media and email campaigns

• Promotion through Northern Michigan Escapes’ vacationer network

You want to create demand, not wait for it.

Common Buyer Mistakes to Avoid

While buying in Onekama is an exciting journey, there are a few pitfalls that can catch buyers off guard. Here’s what to avoid:

• Underestimating Waterfront Regulations: Not all waterfront homes allow docks, rentals, or certain renovations. Always double-check zoning and DEQ regulations.

• Skipping Home Inspections: Even charming cottages can have hidden issues like outdated plumbing or poor insulation. An inspection is a must.

• Waiting Too Long to Make an Offer: With low inventory, hesitation often leads to disappointment. If a home checks your boxes—act fast.

• Ignoring Short-Term Rental Laws: If you’re buying with the intent to rent, confirm local ordinances allow it. Not all areas permit vacation rentals.

• Using Out-of-Town Agents: A local pro like BrookWalsh.com knows the nuances of Onekama’s market and can offer insights outsiders miss.

Avoiding these mistakes can save you money, time, and stress in the long run.

Financing and Mortgage Options

Local Lenders and Loan Programs

Financing a home in Onekama is straightforward when you work with the right team. Options include:

• Conventional loans: Ideal for primary residences or second homes.

• Jumbo loans: For luxury lakefront properties above standard lending limits.

• Vacation home loans: Tailored for second homebuyers looking to enjoy and invest.

• USDA and FHA loans: Occasionally available for qualifying buyers in rural areas.

Local banks and credit unions, such as West Shore Bank and Honor Credit Union, often provide personalized service and competitive rates.

Tip: Get pre-approved before house hunting to strengthen your offer in this fast-moving market.

Building Your Dream Home in Onekama

Custom Builders and Available Lots

If you can't find the perfect home, consider building one. Onekama offers:

• Available land parcels—some with water access or wooded privacy.

• Reputable local builders who understand Northern Michigan construction.

• A chance to customize floor plans and finishes to match your lifestyle.

Whether it's a modern lake house or a cozy Up North cabin, building in Onekama lets you bring your vision to life.

Real Estate Regulations and Zoning

Waterfront Property Rules

Buying lakefront? Here are a few must-knows:

• Shoreline development is regulated—you’ll need permits for docks, seawalls, or boathouses.

• Setback rules determine how close you can build to the water.

• Some areas are in critical dune or wetland zones, which add extra approval steps.

Partnering with an experienced agent and builder ensures compliance and smooth permitting.

Local Real Estate Resources

Title Companies and Inspection Services

Having the right professionals on your team makes all the difference. Recommended local services include:

• Title Services: North Coast Title, Manistee Abstract & Title

• Home Inspectors: NorthStar Home Inspections, Lakeshore Property Inspection

• Surveyors: Benzie-Manistee Surveying

• Appraisers: Up North Appraisals

Choose experts who understand Onekama's unique terrain, regulations, and seasonal market trends.

Testimonials from Onekama Homeowners

“We bought a cottage on Portage Lake and couldn’t be happier! It’s peaceful, the views are stunning, and we even rent it out through Northern Michigan Escapes when we’re not here.”
– Amy R., Grand Rapids, MI

“BrookWalsh.com made the whole process smooth and stress-free. Brook knew the ins and outs of zoning, helped us negotiate, and even connected us with contractors.”
– Jeff S., Chicago, IL

“Onekama feels like a hidden gem. We have lake access, friendly neighbors, and we’re just 15 minutes from Manistee for shopping. It’s the best of both worlds.”
– Rachel M., Ann Arbor, MI

These stories are proof that Onekama isn’t just a place to live—it’s a lifestyle upgrade.

FAQ: Onekama, MI Real Estate

1. Is Onekama a good place for a vacation home?

A. Absolutely. Onekama’s proximity to Lake Michigan, charming small-town vibe, and strong vacation rental demand make it perfect for second homeowners.

2. Are short-term rentals allowed in Onekama?

A. In most areas, yes—but you’ll need to check local ordinances and HOA rules to be sure.

3. What’s the average cost of a lakefront home in Onekama?

A. Lakefront homes generally start around $500,000 and can go well beyond $1M, depending on size, location, and amenities.

4. Can I build a dock on my lakefront property?

A. Often, yes—but it requires permits from the Michigan Department of Environment, Great Lakes, and Energy (EGLE).

5. What’s the best time to buy in Onekama?

A. Fall and winter offer less competition, but spring sees more listings. Regardless of timing, working with a local expert helps you strike at the right moment.

6. Are there good schools in Onekama?

A. Yes! Onekama Consolidated Schools are well-rated and offer a close-knit, supportive learning environment.

Final Thoughts: Is Onekama Right for You?

If you’re craving a place where lake views, small-town charm, and outdoor adventure meet, then Onekama, MI should be at the top of your list. From cozy cottages to luxury retreats, this community offers a lifestyle that’s peaceful, profitable, and picturesque.

Whether you’re looking to buy, invest, build, or sell, BrookWalsh.com is your trusted local partner. With deep roots in Northern Michigan and unmatched market insight, Brook helps you navigate every step with ease and confidence.

Contact BrookWalsh.com for Expert Help

Ready to start your Onekama real estate journey?

Visit BrookWalsh.com or reach out today to:

• Browse current listings

• Schedule private showings

• Learn about investment opportunities

• Get expert advice on building or selling

Let’s make your Onekama dream a reality.