Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Land with Lake Access Title is generated by Realmo AI

    Sunridge Drive lot #257, Elmira, MI 49730

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    LAND - Elmira, MI

    Added:
    Apr 10, 2026
    Days on Market:
    53
    Last Refresh:
    Jun 1 at 11:06 pm

    Property Features for Sunridge Drive lot #257

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    05-13-500-047-00

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT 257 WINTERSET NO. 2
    Tax Annual Amount
    22

    Utilities

    Water front
    1

    We can help!

    Listing Contact
    Team Boyden

    Listing agent Team Boyden

    Listing office Real Broker LLC - Petoskey 228 E Mitchell St., Petoskey, MI

    Listing date Apr 10, 2026

    MLS# 201839353 Listing URL

    Copyright © 2026 Water Wonderland Board of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Deeded private lake access to Deer Lake.
    • Access to extensive Lakes of the North amenities: golf course, clubhouse, indoor pool, restaurant, airstrip, snowmobile trails, ATV access.
    • Located in a recreational community near Gaylord, Boyne Mountain, and Shanty Creek.
    • Affordable price point for Northern Michigan property.
    • Opportunity for building, future getaway, or investment.
    • Access to hundreds of acres of scenic Northern Michigan woods and recreation.

    Overview

    This property on Sunridge Drive, identified as Lot 257, presents an opportunity to embrace the Up North lifestyle. It offers deeded private lake access and is situated within a recreational community. Owners have access to Deer Lake's private park area, along with the amenities of Lakes of the North, including an 18-hole golf course, clubhouse, indoor pool, restaurant, airstrip, snowmobile trails, ATV access, and scenic Northern Michigan woods and recreation. Located near Gaylord, Boyne Mountain, Shanty Creek, and numerous lakes and trails, this property provides access to year-round adventure. It is suitable for building, creating a future getaway, or securing an investment property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Elmira
    County
    Otsego
    State
    Michigan
    Longitude
    -84.90196
    Latitude
    44.954057

    Nearby Similar for Sale

    • $24,900

      Corner Lot in Elmira, MI

      Desirable corner lot ready for a new home in Elmira.
      LOTS 3-4 HARVEST STREET, ELMIRA, MI 49730
      View Details
    • $3,500

      Vacant Land in Lakes of North

      Vacant land for vacation home with association amenities.
      ForestGrove Road lot: 185 Forestgrove Court, Mancelona Twp, MI 49730
      View Details
    • $24,900

      Elmira, MI Corner Lot

      Desirable corner lot near park, restaurants, and downtown Elmira.
      Harvest Street lot: 3-4, Elmira, MI 49730
      View Details
    • $63,900

      Elmira Land Parcel on Woodward

      1.6-acre parcel with meadow and woods near M-32 Highway.
      V/L 1.6AC Woodward Avenue, Elmira, MI 49730
      View Details
    • $500,000

      50 Acre Parcel with Tower

      50 acre parcel with water treatment facility and cell tower.
      8620 Francis Drive, Elmira, MI 49730
      View Details
    • $49,000

      10+ Acre Building Site

      10+ acre building site in picturesque subdivision near Boyne Mountain.
      00 Valleyview, Elmira, MI 49730
      View Details
    • $50,000

      Elmira Land: Build Your Dream

      10+ acre wooded parcel near Boyne City and Gaylord.
      4292 Valleyview Trail, Elmira, MI 49730
      View Details
    • $3,200

      Residential Land in Elmira, MI

      Land with deeded lake access, golf, pool, near trails.
      LOT 46 LOUISE DRIVE, ELMIRA, MI 49730
      View Details
    • $1,250,000
      40,160 SF

      Elmira Industrial/Manufacturing Investment Opportunity

      40,160 SF building with 5 units in Elmira, MI.
      2616 US-131, Elmira, MI 49730
      View Details
    • $15,000

      Elmira, MI Building Site

      Building site on the north end of Lakes of North.
      5116 Wildwood, Elmira, MI 49730
      View Details
    • $2,400

      Wooded Lot in Elmira, MI

      Wooded lot suitable for building in Lakes of the North.
      Snowcrest Trail lot: 151, Elmira, MI 49730
      View Details
    • $2,200

      Vacant Lot in Lakes Community

      0.41-acre vacant lot with community amenities in Elmira, MI.
      00 Northwood Drive, Elmira, MI 49730
      View Details

    FAQs

    What type of property is this?
    Recreation land - Affordable land with deeded private lake access in Northern Michigan.
    Where is this recreation land located?
    The property is located at Sunridge Drive lot #257 Elmira, MI.
    What is the asking price?
    The asking price for this property is Off market.
    What are key features of this property?
    This property features: Deeded private lake access to Deer Lake.; Access to extensive Lakes of the North amenities: golf course, clubhouse, indoor pool, restaurant, airstrip, snowmobile trails, ATV access.; Located in a recreational community near Gaylord, Boyne Mountain, and Shanty Creek.
    (989) 858-9054
    We can help!
    Listing Contact
    Team Boyden
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Sunridge Drive lot: #257, Elmira, MI 49730
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!