Real Estate Statistics
| Average Price | $616K |
|---|---|
| Lowest Price | $245K |
| Highest Price | $1.3M |
| Total Listings | 14 |
| Avg. Days On Market | 1 |
| Avg. Price/SQFT | $343 |
Property Types (active listings)
Real Estate Statistics
| Average Price | $616K |
|---|---|
| Lowest Price | $245K |
| Highest Price | $1.3M |
| Total Listings | 14 |
| Avg. Days On Market | 1 |
| Avg. Price/SQFT | $343 |
Property Types (active listings)
Browse Otsego Lake Homes for Sale
- All Listings
- $200,000 - $300,000
- $300,000 - $400,000
- $500,000 - $600,000
- $600,000 - $700,000
- $700,000 - $800,000
- Over $1,000,000
Otsego Lake Homes for Sale
Otsego Lake is a small, quaint American town. This locale is perhaps best known as the home of a famous physicist. The 1927 Nobel Laureate, Arthur Compton, lived here back in the 1930s. It has a population of 2,913. Everyone here is friendly and welcoming. The residents all know each other.
This lakeside resort town has consistently ranked as one of the best places to raise a family, not just in Michigan but in the entire nation. The area is surrounded by top-performing public and private learning institutions for your kids' learning.
There's a slight housing disparity in this small town. The more affordable homes are in the western parts, while the upscale homes are in the southern parts of Otsego Lake township.
Homes Sales Prices
At the moment, there are a total of 18 homes and property listings available. As of September 2021, the median price of these listings was $196,900. The average cost per square foot of these properties is around $249. Home sales prices have continued to rise in this part of America. It's worth noting that Otsego real estate is a balanced market. That means the supply and demand for houses are almost the same.
Selling a home at Otsego County takes around 49 days from the moment you list it. Ostego County has a mix of modern and older homes. Both come fitted with the latest appliances to ensure maximum comfort for the residents.
Close to 79% of the residents of Otsego County are homeowners. If you're not yet ready to buy your two or three-bedroom home in Ostego Lake, you have the option to rent. This county has an impressive monthly vacancy rate. Rentals go for as little as $700 per month. Airbnb rentals by the beach start at $20 per night.
Listings in Otsego County
The diversity of Ostega County means that no matter your home budget, you'll always find a house. This city is an excellent place to call home. It has picturesque scenery defined by lakes, ravines, and forests. Most Ostego County homes have panoramic beachfront views aback a lush natural environment.
The cheaper listings, those going for prices as low as $250K, have similar features. These properties are usually cottages, condos, and mansions. These low-cost but stunningly beautiful houses frequently have a perimeter fence, a decent-sized backyard, and front porches. The median-priced listings in the lakeside town have a price tag of $750K to $1m.
The kitchens in these listings are always a delight. The cooking spaces come fully fitted with the latest kitchen appliances. These spaces are adorned with stylish and sleek granite countertops and cabinets for a seamless cooking experience. The bedrooms are spacious. They're often tiled and painted for aesthetic appeal. These affordable homes come with a detached garage, among other impressive modern features.
Condos for Sale
Most of the condominiums for sale in this area bear a striking resemblance. Listings on the higher end of the price spectrum, however, have improved features. The standard condo for sale has two bedrooms, two baths, and it occupies at least a 0.03-acre lot size. The prices start at as low as $155K. These condos have massive front lawns and backyards. The lake views are many times better and simply more exhilarating.
One of the best things about living in a petite area like Ostego County is that everything is just a stone's throw away. The listings are always short, from popular restaurants, entertainment spots, and parks.
Otsego Lake Community Highlights
Ostego Lake County in Gaylord is widely believed to be one of Michigan's best-kept secrets. Consumer-friendly home prices combined with the town's ambiance and beauty make this lakeside resort town a true paradise on earth.
Restaurant Scene
Otsego Lake has a thriving culinary scene. Walk into any eatery in the county and enjoy every possible dining treat you can think of. Spoil yourself by ordering Michigan's top seafood like salmon and beef steaks. Or, keep it simple and go for the regular burgers, burritos, or just a to-go pizza as you plan a visit to view the condominium for sale.
If you're a food lover, Otsego is the place you want to be. Many hotels and restaurants are now offering different cuisines from all over the globe. The area is loaded with Italian restaurants where you can order your favorite pizzas at any time. A classic example of a pizza place is Jet's Pizza Hut. If you fancy some sumptuous Thai, Japanese, or Mexican food, go for it as well.
The local dining eateries have an outstanding ambiance. The atmosphere is usually very relaxed, and the owners know most, if not all, of their patrons on a first-name basis. The food and beverages served at the top-rated restaurants in this area are pretty affordable. That means you won't end up denting your wallet the next time you take your family out for dinner. The highly recommended restaurants in the area are Bennethum's Nothern Inn, Michaywe Inn, Wholesome Dine or Dash, and the Woods Restaurant.
Recreation
Ostego Lake has a ton of fun activities for the whole family. Nature-lovers will feel at home here. There's plenty of exciting outdoor recreational activities you can choose from: hiking in the nearby state parks, camping, skiing, and fishing in the magnificent lake.
Golfers Paradise
If you are into golf, Ostego Lake is where you need to be. The area has a couple of world-class golf courses. Enjoy endless golf as you soak in the enchanting sights and scenes that define this lakeside town. The famous golf courses are the Michaywe golf course, the Lakes golf course, and the Natural golf course.
Pool Bars
Local keg bars and grills are better places to hang out, socialize and catch up with friends. This favorite hangout joint offers quality drinks at moderate prices. The spot has attractions like big-screen T.V.s, pool tables, karaoke, and dartboards. Pubs and taverns act as the glue that reinforces the community bond around here. As a newly relocated resident, frequent these bars for an opportunity to meet your neighbors.
Accolades and Mentions
This poster-card town has been featured in many travel and tour magazines. Its raw beauty has captured the attention of famous travel destination experts like Oprah Winfrey. Here are some of the notable accolades this country has amassed over the years. Oprah Winfrey has described it as one of the best places for a road trip in America.
Key Takeaways
Otsego County is the perfect hideaway for older couples looking for a quiet and laid-back place to retire. It's also ideal for young families seeking to set up roots in an area that's not too expensive and secure. Some residents have even likened the living experience to that of being on a 24/7 vacation.
So, if you have been toying with the idea of moving to this quaint Michigan county, here's how you go about it: Reach out to trusted realtors to begin the home hunting process. Sink your teeth into the ever-green Otsego real estate market. You're sure to make a killing in the long run. Buying Otsego Lake properties is the safest investment ever, provided you have the right real estate experts guiding you each step of the way.
Schools Near Otsego Lake Homes in Gaylord, Michigan
Homes on Otsego Lake, in Gaylord, Michigan, have some of the best schools in Michigan that are top-rated. You might want to consider enrolling your kids, which include: Gaylord North Ohio Elementary School, Gaylord South Maple Elementary School, Otsego Christian Middle school, and the University Center Gaylord. If you are into the performing arts like dancing or acting, a great school called the AuSable Dance Center is 18.5 miles away from the lakeside resort town.
Focused on Northern Michigan Investment Real Estate
Brook is focused on lifestyle real estate investment properties as most people want a vacation home to make lifelong memories that endure for their entire family, leave a profound legacy for generations, and they want a solid financial investment at the same time. While the area does have many good realtors, there aren’t many with the unique financial, vacation home investing, and technology marketing background. Brook uses his diverse skill set to help clients properly evaluate and determine whether a vacation home makes financial sense.
Continue Your Northern Michigan Real Estate Search
Explore homes and real estate in the Northern Michigan communities below or contact Brook Walsh to help you with your search.
Browse Other Communities
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