Discover Northern Michigan Waterfront Homes for Sale: Market Insights & Buyer’s Guide

^Lifestyle

Waterfront

Northern Michigan’s waterfront communities are more than a destination—they’re a way of life. Here, every day feels like a getaway, surrounded by nature, embraced by community, and inspired by the endless possibilities of lakeside living. Life on the water in Northern Michigan means waking up to spectacular sunrises, spending your days swimming, boating, or fishing, and ending with golden sunsets reflected off the lake.

The area is home to charming towns like Traverse City, Charlevoix, Petoskey, and Boyne City, each brimming with local boutiques, cozy cafes, and renowned restaurants. The region attracts families, retirees, and vacationers alike, drawn by the exceptional schools, safe neighborhoods, and access to world-class amenities. From historic cottages and luxurious estates to modern condos, every home here promises breathtaking views and easy access to Michigan’s legendary freshwater lakes

Real Estate Statistics

Average Price	$846K
Lowest Price	$50K
Highest Price	$14M
Total Listings	1,383
Avg. Days On Market	111
Avg. Price/SQFT	$398

Property Types (active listings)

Browse Waterfront LifeStyle Homes for Sale

• All Listings
• Under $100,000
• $100,000 - $200,000
• $200,000 - $300,000
• $300,000 - $400,000
• $400,000 - $500,000
• $500,000 - $600,000
• $600,000 - $700,000
• $700,000 - $800,000
• $800,000 - $900,000
• $900,000 - $1,000,000
• Over $1,000,000

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Bathrooms

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$13,995,000

850 W Bear River Road, Petoskey

5 Beds 7 Baths 14,636 SqFt Residential MLS® # 475791

$13,495,000

6194 Bay Ridge Drive, Bay Harbor

6 Beds 7 Baths 10,082 SqFt Residential MLS® # 477408

$13,000,000

↓ $3,000,000

4265 Balsam Lane, Boyne City

14 Beds 8 Baths 5,700 SqFt Residential MLS® # 475226

$10,300,000

W Top O' The Lake Road 199 Acres, Gulliver

0 Beds 0 Baths 0 SqFt Land MLS® # 476202

$9,995,000

0000 Torch Lake Drive,nw, Kewadin

5 Beds 5 Baths 9,362 SqFt Residential MLS® # 1933397

$8,900,000

1180 N Shore Drive, Mears

74 Beds 77 Baths 63,000 SqFt Commercial MLS® # 476265

$8,875,000

16768 Wrightwood Terrace Drive, Traverse City

5 Beds 6 Baths 10,412 SqFt Residential MLS® # 475922

$8,575,000

6166 Lake Grove Road, Petoskey

4 Beds 6 Baths 4,706 SqFt Residential MLS® # 476997

$8,250,000

↓ $250,000

3087 Forrest Avenue, Harbor Springs

6 Beds 6 Baths 7,786 SqFt Residential MLS® # 475020

$7,999,000

↓ $1,251,000

4050 Peninsula Drive, Bay Harbor

5 Beds 7 Baths 8,387 SqFt Residential MLS® # 476242

New

$7,499,000

12517 N Northport Point Road, Northport

4 Beds 5 Baths 4,400 SqFt Residential MLS® # 1938858

$7,450,000

1439 Lindburgh Lane, Cheboygan

5 Beds 7 Baths 9,300 SqFt Residential MLS® # 468365

$6,999,900

841 E Front Street, Traverse City

0 Beds 0 Baths 0 SqFt Commercial MLS® # 1930456

$6,999,900

841 E Front Street, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1930446

$6,850,000

6577 Otis Lane, Harbor Springs

8 Beds 6 Baths 5,897 SqFt Residential MLS® # 477774

$6,795,000

↓ $200,000

3248 Glenwood Beach Drive, Boyne City

5 Beds 6 Baths 5,082 SqFt Residential MLS® # 477136

$6,500,000

5909 Cook Point Drive, Harbor Springs

5 Beds 6 Baths 5,400 SqFt Residential MLS® # 476904

$6,500,000

↓ $350,000

3619 Tompkins Road, Traverse City

0 Beds 0 Baths 0 SqFt Land MLS® # 1933705

$6,500,000

↓ $350,000

3619 Tompkins Road, Traverse City

3 Beds 1.5 Baths 1,632 SqFt Residential MLS® # 1933700

$6,250,000

7615 Oyster Bay Drive, Charlevoix

4 Beds 5 Baths 6,475 SqFt Residential MLS® # 477783

New

$6,200,000

3943 N Skookum Road, Luther

0 Beds 0 Baths 22,755 SqFt Multi-Family MLS® # 1939261

New

$6,200,000

3943 N Skookum Road, Luther

0 Beds 22 Baths 22,755 SqFt Commercial MLS® # 1939259

New

$6,200,000

3943 N Skookum Road, Luther

26 Beds 20.5 Baths 22,755 SqFt Residential MLS® # 1939249

$6,000,000

↓ $690,000

6378 S Mac Road, Baldwin

43 Beds 17 Baths 11,563 SqFt Residential MLS® # 1860043

$5,950,000

9371 Onominese Trail, Northport

3 Beds 3.5 Baths 6,258 SqFt Residential MLS® # 1934738

$5,695,000

1439 Lindburgh Lane, Cheboygan

5 Beds 7 Baths 9,442 SqFt Residential MLS® # 474119

$5,600,000

1757 N Manitou Trail, Leland

0 Beds 0 Baths 9,244 SqFt Multi-Family MLS® # 1929994

$5,600,000

1757 N Manitou Trail, Leland

0 Beds 20 Baths 9,244 SqFt Commercial MLS® # 1929993

$5,395,000

↓ $555,000

1320 North Shore Drive, Walloon Lake

6 Beds 5 Baths 3,278 SqFt Residential MLS® # 476172

$5,250,000

3303 S Lake Shore Drive, Harbor Springs

5 Beds 7 Baths 7,156 SqFt Residential MLS® # 477578

New

$5,250,000

8739 Skegemog Point Road, Williamsburg

3 Beds 3 Baths 2,709 SqFt Residential MLS® # 1936830

Pending

$5,100,000

935 Beautiful Shores, Traverse City

4 Beds 7 Baths 6,301 SqFt Residential MLS® # 1934716

$4,999,000

220 Water Street, East Jordan

0 Beds 0 Baths 0 SqFt Land MLS® # 475596

$4,999,000

204 Water Street, East Jordan

0 Beds 0 Baths 19,845 SqFt Commercial MLS® # 474426

$4,950,000

↓ $300,000

1442 Indian Point Road, Brutus

5 Beds 6 Baths 7,690 SqFt Residential MLS® # 476415

$4,950,000

1034 S East Torch Lake Drive, Bellaire

4 Beds 3 Baths 3,845 SqFt Residential MLS® # 1934404

$4,850,000

6804 Preserve Drive, Bay Harbor

8 Beds 6 Baths 7,732 SqFt Residential MLS® # 477857

$4,800,000

00 Lovers Lane, Suttons Bay

0 Beds 0 Baths 0 SqFt Land MLS® # 1934130

Pending

$4,750,000

1165 Sunset Shores Drive Ne, Kalkaska

3 Beds 4 Baths 5,755 SqFt Residential MLS® # 1937024

$4,600,000

2370 S M66, East Jordan

7 Beds 8 Baths 6,164 SqFt Residential MLS® # 477812

$4,000,000

7135 E Birch Point Road, Traverse City

4 Beds 2.5 Baths 3,372 SqFt Residential MLS® # 1937316

$3,999,000

↓ $200,000

6714 N Preserve Drive, Bay Harbor

4 Beds 6 Baths 5,059 SqFt Residential MLS® # 477446

$3,995,000

111b Belvedere Avenue, Charlevoix

4 Beds 6 Baths 3,589 SqFt Residential MLS® # 477365

$3,975,000

↓ $175,000

110 W Dixon, Charlevoix

7 Beds 8 Baths 5,601 SqFt Residential MLS® # 474895

New

$3,960,000

6709 E Wilderness Drive, Mackinaw

5 Beds 6 Baths 6,000 SqFt Residential MLS® # 1935873

$3,900,000

Tbd Division Road, Petoskey

0 Beds 0 Baths 0 SqFt Land MLS® # 477907

$3,900,000

↓ $499,000

402 E Dixon Avenue, Charlevoix

5 Beds 2 Baths 1,969 SqFt Residential MLS® # 476471

New

$3,900,000

5658 S East Torch Lake Drive, Bellaire

7 Beds 5 Baths 2,448 SqFt Residential MLS® # 1937750

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Northern Michigan Waterfront Homes for Sale | Ultimate Guide + 21 Key Insights

Northern Michigan waterfront homes for sale are in high demand for buyers seeking beauty, recreation, and investment value. Discover everything you need to know before buying with our comprehensive guide.

Introduction to Northern Michigan Waterfront Real Estate

When you think of the ultimate escape, it’s hard to top the charm and allure of Northern Michigan waterfront homes for sale. The region, sprinkled with crystal-clear lakes and winding rivers, is an international vacation destination that brings together natural beauty, a welcoming community, and an unmatched lifestyle.

Whether you're after a peaceful cottage or a luxurious lakefront estate, there’s a perfect property waiting for you in Northern Michigan.

Why Waterfront Homes?

Unmatched Lifestyle Appeal

Living on the water isn’t just about gorgeous views. It’s about stepping out your back door and into a world of adventure—morning swims, sunset cruises, and bonfires by the shore. For many, owning a Northern Michigan waterfront home means year-round recreation and relaxation.

Investment Potential

Properties on the water consistently hold—and often increase—their value. The demand for Northern Michigan waterfront homes for sale is driven by limited supply and endless buyer interest, making them a sound investment for both personal enjoyment and future returns.

Northern Michigan’s Unique Geography

From the sandy beaches of Lake Michigan to hidden inland lakes, the area’s geography sets it apart. Picture sparkling shorelines, wooded peninsulas, and historic towns that create a one-of-a-kind living environment.

Top Destinations for Waterfront Living

Northern Michigan is blessed with a collection of destination towns, each with its own personality. Here are the top picks for waterfront real estate:

Traverse City

Known for its wine country, vibrant downtown, and direct access to Grand Traverse Bay, Traverse City is the heart of Northern Michigan’s waterfront lifestyle.

Petoskey and Bay Harbor

Petoskey’s iconic “million-dollar sunsets” and Bay Harbor’s luxury marina lifestyle draw buyers seeking elegance and recreation.

Charlevoix

With its famous drawbridge and two connected lakes, Charlevoix is a storybook setting for those dreaming of a walkable waterfront community.

Boyne City

Nestled on Lake Charlevoix’s shores, Boyne City offers four seasons of fun—from boating to skiing and everything in between.

Torch Lake, Walloon Lake, and Elk Lake

These legendary inland lakes are favorites among celebrities and long-time locals for their turquoise water and tranquil vibes.

Lake Charlevoix and Surrounding Areas

Lake Charlevoix is consistently ranked among the best inland lakes in America. Waterfront homes here deliver everything from cozy cabins to multi-million-dollar estates.

Check out this video for a look at the Waterfront lifestyle

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Northern Michigan offers a great selection of Waterfront homes and homesites for sale.  There are amazing Waterfront Lifestyle communities within Northern Michigan and you can view all of them at the bottom of this page.  However, the following are our favorite waterfront communities:

Waterfront Lifestyle

Bay Harbor

Nestled along the pristine shores of Lake Michigan’s Little Traverse Bay, Bay Harbor, MI is a premier waterfront commu...

Waterfront Lifestyle

Boyne City, Michigan

Nestled along the pristine shores of Lake Charlevoix, Boyne City, MI offers a vibrant waterfront community where natural bea...

Waterfront Lifestyle

Charlevoix, Michigan

Charlevoix, Michigan is a picturesque lakefront town known for its charming atmosphere, vibrant boating community, and breat...

Waterfront Lifestyle

East Jordan, Michigan

East Jordan, MI, nestled where the Jordan River flows into the South Arm of Lake Charlevoix, offers some of Northern Michiga...

Waterfront Lifestyle

Harbor Springs, Michigan

Harbor Springs, Michigan, is a picturesque waterfront community nestled along the northern shores of Little Traverse Bay on ...

Waterfront Lifestyle

Indian River, Michigan

Nestled between the pristine Burt Lake and Mullett Lake, Indian River, MI is a picturesque community known for its peaceful ...

Waterfront Lifestyle

Petoskey, Michigan

Petoskey, Michigan, is a picturesque lakeside community nestled along the shores of Lake Michigan and Little Traverse Bay. K...

Waterfront Lifestyle

Traverse City, Michigan

Nestled along the pristine shores of Grand Traverse Bay and a network of scenic inland lakes, Traverse City, MI offers some ...

Waterfront Lifestyle

Walloon Lake

Tucked away in the scenic hills of Northern Michigan, Walloon Lake is a vibrant lakeside community known for its rich histor...

Types of Waterfront Properties in Northern Michigan

Lakefront Homes

Nothing says “Up North” like a classic lakefront home, complete with private beaches and panoramic views.

Riverfront Retreats

Prefer the peaceful sounds of a river? Northern Michigan’s riverfront homes offer fishing, kayaking, and natural seclusion.

Condominiums and Villas

Low-maintenance, amenity-rich condos are increasingly popular for buyers who want to spend more time enjoying the lake and less on upkeep.

Luxury Estates

For those seeking ultimate privacy and space, luxury estates on sprawling acreage with hundreds of feet of frontage are available in select markets.

Cottages and Cabins

There’s no shortage of charming cottages and historic cabins—perfect for cozy getaways or Airbnb investments.

Price Trends and Market Insights

Current Market Overview

As of 2025, the Northern Michigan waterfront homes for sale market remains competitive. Inventory is tight, and prices continue to climb, particularly on premium lakes and rivers.

Seasonal Trends

Summer and early fall are peak seasons for new listings and buyer activity, but savvy buyers know deals can be found in the winter months.

Factors Affecting Value

Location, water frontage, and home upgrades are key drivers. Proximity to towns, quality of shoreline, and privacy also play major roles in pricing.

What to Look For in a Waterfront Home

Lot Size and Shoreline Quality

Wide, sandy beaches are highly desirable, but some buyers prefer wooded, natural shorelines for privacy and wildlife.

Water Access and Dock Facilities

Direct access and sturdy docks make boating and swimming easier. Double-check water depth and shoreline restrictions for your activities.

Home Orientation and Views

The right orientation means sunny afternoons and unforgettable sunsets. Open floor plans and ample windows maximize every view.

Flood Zones and Environmental Factors

Always investigate floodplain maps and insurance requirements. Eco-friendly upgrades and shoreline preservation are also becoming more popular.

Buying Process for Waterfront Property

Financing Waterfront Homes

Lenders may have special requirements for waterfront properties. Larger down payments, flood insurance, and appraisals are common.

Inspections and Disclosures

Get thorough inspections—think septic, well water, shoreline stability, and environmental hazards. Sellers must disclose any known issues.

Making a Competitive Offer

Be prepared to act fast and include strong terms—especially in this tight market. Working with a local expert like BrookWalsh.com ensures you don’t miss out.

Living the Waterfront Life

Year-Round Recreation

Northern Michigan offers boating, fishing, paddleboarding, ice skating, skiing, and snowmobiling—all right outside your door.

Community and Social Scene

From summer regattas to farmers markets, lakeside living fosters a tight-knit, welcoming community.

Maintenance and Upkeep

Waterfront homes require regular care—think dock maintenance, shoreline erosion prevention, and winterizing for the off-season.

Investment Strategies for Waterfront Real Estate

Vacation Rentals and Short-Term Leasing

Many owners offset costs by renting their homes seasonally through NorthernMichiganEscapes.com, leveraging the region’s strong tourism market.

Long-Term Appreciation

History shows that well-chosen Northern Michigan waterfront homes for sale appreciate steadily, especially as demand outpaces supply.

Environmental and Legal Considerations

Riparian Rights

Understand your rights to use the water and shoreline. Each lake and river may have its own rules.

Local Zoning and Permits

Zoning ordinances affect dock size, rentals, and shoreline modifications. Always check with local municipalities before making changes.

Spotlight: Featured Waterfront Listings

Notable Recent Sales

Stunning estates on Torch Lake and Lake Charlevoix have recently set new price records. Condos in Traverse City are also hot commodities.

Upcoming Developments

Watch for new lakefront subdivisions and luxury condo projects—demand continues to drive new construction in premium locations.

Frequently Asked Questions (FAQs)

1. Are Northern Michigan waterfront homes a good investment?
A. Absolutely! Waterfront properties tend to hold value well, with strong potential for appreciation and rental income.

2. What should I look for in a lakefront property?
A. Focus on water quality, lot size, access, and proximity to amenities.

3. How competitive is the market for these homes?
A. Very competitive—especially on major lakes. Work with a local expert for the best results.

4. Can I rent out my waterfront property?
A. Yes, many owners list homes as vacation rentals through companies like NorthernMichiganEscapes.com.

5. Are there special insurance requirements?
A. Waterfront properties often require additional flood or hazard insurance. Consult your agent.

6. What’s the best time of year to buy?
A. Spring and fall are great, but deals can be found year-round with the right guidance.

Conclusion: Find Your Dream Waterfront Home in Northern Michigan

There’s never been a better time to invest in Northern Michigan waterfront homes for sale. With breathtaking scenery, thriving communities, and strong investment potential, it’s no wonder demand continues to soar. Ready to make your dream a reality? Contact Brook Walsh for expert local guidance and the latest listings. For rental income and property management, NorthernMichiganEscapes.com has you covered. Your new waterfront lifestyle awaits!

Relevant External Links

• BrookWalsh.com

• Northern Michigan Escapes – Vacation Rentals & Property Management

Explore homes and real estate in the 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.