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    Covington, MI
    Waterfront

    Covington, MI Waterfront Land for Sale

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    Sidnaw, MI Michigamme, MI Amasa, MI L' Anse, MI Iron River, MI Nisula, MI Pelkie, MI Baraga, MI
    Waterfront Land Parcel with Lake Frontage
    Updated: May 26
    Waterfront Land Parcel with Lake Frontage

    Murphy Road, Covington, MI 49919

    $135,000
    57.07 AC lot
    57.07‑acre waterfront land parcel with over 1,400 feet of frontage on Vermilac Lake
    1,320 feet of road frontage on Murphy Road
    Vermilac Lake is 622 acres and described as shallow with depth to around 7 feet
    Power and phone available along Murphy Road
    Shoreline described as tag alder and wetland grasses
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    Realmo Analytics Monitor Off-market properties and contact owners who are ready to sell. Many signals applied to make quality leads for you. Get Leads
    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.

    Riverfront Land with Mature Woods
    Riverfront Land with Mature Woods

    37 Acres W Townline Road, Crystal Falls, MI 49920

    $148,000
    37.00 AC lot

    Riverfront acreage with wooded terrain, road access, and electricity available at the road.

    View details
    Land
    Land

    37 Acres W Townline Rd, Crystal Falls, MI 49920

    $148,000

    Waterfront Land

    View details
    Wooded Recreation Land
    Wooded Recreation Land

    L' Anse, MI 49946

    $84,000

    Wooded acreage with dual-road access, a flowing tributary, and electric and high-speed internet available along the roadway.

    View details
    Waterfront Land with Private Lake
    Waterfront Land with Private Lake

    L' Anse, MI 49946

    $480,000
    160.00 AC lot

    Remote wooded acreage includes a private lake, varied terrain, potential building sites, and documented wildlife habitat.

    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 2,485,969 square feet of properties for sale, with an estimated market value of $135,000.

    Sale prices for water rights properties in Covington, MI average $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 4
    Hunting land 2
    Residential land & home lots 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

    How Realmo verifies these figures

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