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    Covington, MI
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    Covington, MI Waterfront Land for Sale

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    Sidnaw, MI Amasa, MI L' Anse, MI Iron River, MI Pelkie, MI Nisula, MI Baraga, MI Manistee, MI
    Vermilac Lake Waterfront Land Opportunity
    Updated: May 26
    Vermilac Lake Waterfront Land Opportunity

    Murphy Road, Covington, MI 49919

    $135,000
    57.07 AC lot
    57.07 acre property with 1,400+ feet of frontage on Vermilac Lake.
    Vermilac Lake (Worm Lake) is a 622‑acre, mostly undeveloped lake.
    1,320 feet of road frontage on Murphy Road with available power and phone.
    Diverse northern hardwood forest (maple, birch, oak, aspen, hemlock) on the south side.
    Recreational opportunities: fishing (walleye, black crappie, yellow perch, sunfish) and other activities.
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    Turn Any Listing Into an Investment Snapshot Owner equity, real caprate, demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Covington, MI, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Waterfront Recreation Land Parcel
    Waterfront Recreation Land Parcel

    E and F Moonview Drive, Sidnaw, MI 49961

    $64,800
    2.24 AC lot

    Waterfront parcel on Estes Lake with an on-site outbuilding for storing gear and supporting four-season recreation.

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    Riverfront Recreational Land Parcel
    Riverfront Recreational Land Parcel

    L' Anse, MI 49946

    $89,500
    11.80 AC lot

    Unimproved riverfront acreage offers extensive Falls River frontage with road access near L'Anse.

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    Falls River Waterfront Land
    Falls River Waterfront Land

    L' Anse, MI 49946

    $88,000
    0.84 AC lot

    0.84-acre waterfront property on Michigan's Falls River.

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    Waterfront Land in Michigan's Upper Peninsula
    Waterfront Land in Michigan's Upper Peninsula

    Moonview Drive lot: E And F, Sidnaw, MI 49961

    $64,800
    2.24 AC lot

    2.24-acre waterfront parcel on Estes Lake in Houghton County.

    View details

    Covington, MI Waterfront Land Market Trends and Statistics

    Explore 1 waterfront land for sale in Covington, MI on our real estate platform. These investment opportunities span a total of 0 square feet of properties for sale, with an estimated market value of $135,000.

    Sale prices for water rights properties in Covington, MI start at $135,000, averaging $135,000, and reaching up to $135,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Recreation land 2
    Waterfront Land 1

    Demographics Overview

    Population 133
    Population Growth (5Y) -45.9%
    Median Household Income $41,875
    College Educated 28.2%

    High-Yield Neighborhoods for Investment

    Identify Covington submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    49919 $135K

    Taxes & Financing

    Tax Rate (average for all types) 3.08%
    Tax Rate vs County Average 1.98 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Baraga County

    New Delisted

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