0 Lk Michigan & Betsie Lk Elberta, MI 49628

This exceptional 17.71-acre parcel presents a unique investment opportunity on the eastern shore of Lake Michigan in Elberta, Michigan (zip code 49628). Boasting 578 feet of Lake Michigan frontage and up to 3,120 feet of frontage along Betsie Lake's deepwater port channel, this property offers unparalleled access to both the lake and a well-protected harbor. The harbor features extensive breakwaters (2,000-2,500 linear feet each), dual stub piers, and the historic Frankfort Lighthouse. The elevated dune bluff provides stunning views, and the property includes access to miles of pristine white sand beaches. Previous approvals existed for a significant development, including preliminary site plan approval for 367 housing units in the Lake Michigan District and 168 units in the Marina District. Expired permits also existed for a 140-slip marina accommodating vessels up to 80 feet in length. Each district could incorporate retail/commercial and hotel/hospitality components. This offering encompasses Lots A and B of the Lake Michigan District, with the possibility of acquiring additional land. The property is zoned DD and is listed at $19,500,000, with a land value of $25.28 per square foot. This is a rare chance to acquire a large-scale waterfront development site with exceptional amenities and potential. The property is located in Benzie County, Michigan.