Residential

Lake Leelanau, MI Residential Land & Home Lots for Sale

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Traverse City, MI Suttons Bay, MI Cedar, MI Maple City, MI Leland, MI Empire, MI Lake Ann, MI Williamsburg, MI
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Corner Lot With Seasonal Water Views
Updated: Jun 12
Corner Lot With Seasonal Water Views

E Water View Drive lot: 11, Lake Leelanau, MI 49653

$125,000
0.68 AC lot
Corner lot in Bay Hill subdivision with seasonal water views
Utilities available: underground electric, natural gas, and cable
Community septic system
Short‑term rentals prohibited to help maintain the quiet residential character
4 corners are staked
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Horses-Allowed Hobby Farm Land
Updated: Aug 7, 2025
Horses-Allowed Hobby Farm Land

S Schomberg Road, Lake Leelanau, MI 49653

$228,000
9.50 AC lot
Countryside view
Seasonal Lake Leelanau views may be available from the upper portions of the property
Located at approximately 44.964043, -85.772354
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Vacant Lot/Land, Lake Leelanau, MI
Vacant Lot/Land, Lake Leelanau, MI

509 S Lake Shore Drive lot: B, Lake Leelanau, MI 49653

$689,900
2.53 AC lot

Waterfront Land · 2.53 Acres

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Unimproved Land
Unimproved Land

509 S Lake Shore Drive, Lake Leelanau, MI 49653

$689,900

Waterfront Land

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Vacant Lot/Land, Lake Leelanau, MI
Vacant Lot/Land, Lake Leelanau, MI

N Sunset Shores Drive, Lake Leelanau, MI 49653

$880,000
0.70 AC lot

Residential land & home lots · 0.70 Acres

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Vacant Lot/Land, Lake Leelanau, MI
Vacant Lot/Land, Lake Leelanau, MI

N Eagle Highway, Lake Leelanau, MI 49653

$419,000
18.88 AC lot

Land · 18.88 Acres

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Vacant Lot/Land, Lake Leelanau, MI
Vacant Lot/Land, Lake Leelanau, MI

N Lake Leelanau Drive, Lake Leelanau, MI 49653

$295,000
0.46 AC lot

Land · 0.46 Acres

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Countryside View Homesite with Water Glimpse
Countryside View Homesite with Water Glimpse

4867 E Water View Drive, Lake Leelanau, MI 49653

$69,900
0.57 AC lot

Build in a quiet setting with wide-open countryside views and a subtle glimpse of water.

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Vacant Lot/Land, Lake Leelanau, MI
Vacant Lot/Land, Lake Leelanau, MI

N Lake Leelanau Drive, Lake Leelanau, MI 49653

$295,000
0.46 AC lot

Land · 0.46 Acres

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Vacant Lot/Land, Lake Leelanau, MI
Vacant Lot/Land, Lake Leelanau, MI

#-40 E N Wind Trail, Lake Leelanau, MI 49653

$260,000
10.70 AC lot

Residential land & home lots · 10.70 Acres

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Lots/Land
Lots/Land

Lake Leelanau, MI 49653

$800,000

Waterfront Land

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Vacant Lot/Land, Lake Leelanau, MI
Vacant Lot/Land, Lake Leelanau, MI

E Water View Drive lot: 24, Lake Leelanau, MI 49653

$109,000
0.71 AC lot

Land · 0.71 Acres

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Lake Leelanau Waterfront Residential Lot
Lake Leelanau Waterfront Residential Lot

1777 S Lake Shore Drive, Lake Leelanau, MI 49653

$800,000
1.40 AC lot

Build on an approved MDEQ site with 203 feet of lake frontage and a gravel drive on 1.4 acres.

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Based on your search, we've compiled 17 Potential Opportunities for your consideration. Besides 13 Active listings in Lake Leelanau, 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 Land with Riverfront Access
Waterfront Land with Riverfront Access

204 S Chandler St, Leland, MI 49654

$5,000,000
1.31 AC lot

Buildable riverfront parcels in downtown Leland with substantial frontage and existing well and municipal sewer on site.

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Elevated Farmland Development Parcel
Elevated Farmland Development Parcel

Parcel C E Duck Lake Road, Suttons Bay, MI 49682

$2,400,000
74.20 AC lot

Developable farmland parcel offers ridge-top elevation and multi-directional water views near Suttons Bay.

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SUTTONS BAY, MI
SUTTONS BAY, MI

1551 N MACKSEY ROAD, Suttons Bay, MI 49682

$400,000

Land

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Lots/Land
Lots/Land

500 S Grand Avenue, Leland, MI 49654

$799,000

Residential land & home lots

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Lake Leelanau, MI Residential Land & Home Lots Market Trends and Statistics

Explore 13 residential land & home lots for sale in Lake Leelanau, MI, showcased through 13 active listings on our real estate platform. These investment opportunities span a total of 2,029,460 square feet of properties for sale, with an estimated market value of $5,660,700.

Sale prices for home sites in Lake Leelanau, MI start at $69,900, averaging $435,438, and reaching up to $880,000 — 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

Waterfront Land 7
Residential land & home lots 6
Commercial land 2
Agricultural land / Farmland 1

Demographics Overview

Population 1,813
Population Growth (5Y) -10.2%
Median Household Income $84,954
College Educated 74.3%

High-Yield Neighborhoods for Investment

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

Neighborhood Average Price
Suttons Bay - 49682 $309K
Lake Leelanau - 49653 $378.7K

Taxes & Financing

Tax Rate (average for all types) 2.01%
Tax Rate vs County Average 0.24 pp below county avg
Average Loan-to-Value 65.0%

Total CRE Inventory on Market (SF)

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