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    Residential Building Lot with Pond Title is generated by Realmo AI

    Lot 59 Country Club, Charlevoix, MI 49720

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    Claim this Listing
    New
    For Sale
    $49,500

    Lots/Land - Charlevoix, MI

    Type:Single Family Residence
    Lot size:
    0.58 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 4 at 9:06 pm

    Property Features for Lot 59 Country Club

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    R
    Interior features
    Electric, Phone, Mixed Trees, Natural Gas, Cable TV, Under Ground Utilities
    Standard status
    Active
    APN
    004-365-059-00
    Lot size
    0.58 Acres

    Utilities

    Utilities
    Cable Available, Electricity Available, Natural Gas Available, Phone Available

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Alicia Doan

    Listing agent Alicia Doan

    Listing office Berkshire Hathaway HomeServices Real Estate 203 Bridge St., Charlevoix, MI

    Listing date Jun 2, 2026

    MLS# 479590 Listing URL

    Copyright © 2026 Northern Michigan MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 0.58‑acre flat, wooded residential building site on Lot 59 Country Club Drive in the Charlevoix Country Club community
    • Utilities available at the site: natural gas, electric, cable TV, and phone
    • Underground utilities and community water with city sewer are available for a build‑ready setup
    • Lot setting includes pond frontage alongside the property

    Overview

    Lot 59 is a 0.58-acre, flat, wooded residential building site positioned alongside a pond. The property is presented as build-ready, with utilities already in place, including natural gas, electric, underground utilities, community water, and city sewer. The zoning is R, supporting the creation of a custom home tailored to how you want to live in the community.

    Situated within the Charlevoix Country Club community, the lot offers a quieter residential setting with direct proximity to club amenities. Membership access includes championship golf, dining, and fitness amenities, along with the broader lifestyle associated with this sought-after Northern Michigan location. Downtown Charlevoix and Lake Michigan are described as just minutes away.

    This site is well suited for buyers seeking a straightforward path to construction with key services already available. The flat terrain and woodland setting make it practical for residential site planning, while the pond backdrop adds a calm, scenic quality for everyday living. If you’re looking to build in a neighborhood anchored by an established country club, this build-ready lot provides a compelling starting point.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Hotel & Motel Gym & Fitness Center Storage Facility Electrical Service Electronics & Wireless Store Grocery & Convenience Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Charlevoix
    County
    Charlevoix
    State
    Michigan
    Longitude
    -85.227869
    Latitude
    45.339282

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    FAQs

    What type of property is this?
    Residential land & home lot - Flat, wooded residential lot with pond views and utilities in place, ready for a custom home in a golf community.
    Where is this residential land & home lot located?
    The property is located at Lot 59 Country Club Charlevoix, MI.
    What is the asking price?
    The asking price for this property is $49,500.
    What are key features of this property?
    This property features: 0.58‑acre flat, wooded residential building site on Lot 59 Country Club Drive in the Charlevoix Country Club community; Utilities available at the site: natural gas, electric, cable TV, and phone; Underground utilities and community water with city sewer are available for a build‑ready setup
    (231) 675-2268
    We can help!
    Listing Contact
    Alicia Doan
    Real Estate License ID: 6506044204
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    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.

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