Lot 69 – E Cherry Park Drive, Northport – SOLD

SOLD NORTHPORT VACANT LOT

SOLD by Oltersdorf Realty LLC on 5/29/2025
$40,000 – Lot 69 – E Cherry Park Drive, Northport, Northport, MI – Vacant Parcel within 1300’ of Sandy Grand Traverse Bay Access!

Nice location tucked away on a quiet street within Cherry Home Shores! This beautiful, 0.36 acre affordable wooded building site offers easy level terrain, perc test/site survey showing suitable conditions for a septic system and is situated just ~1300 feet from sandy beach access on Grand Traverse Bay! Cherry Homes association amenities include hiking trails, 4 waterfront parks with shared access to Grand Traverse Bay, clubhouse with tennis/basketball courts, playground, and dues of only $65/year! No short-term rentals are allowed. All association info can be found at: https://cherryhomeshores.com/

10895 N Shore Drive, Northport – NEW LISTING

Tucked away in a quiet location at the northern edge of the Village of Northport, this peaceful ranch offers a rare price point for one of Leelanau County’s most desirable communities. Just a quick 1-mile bike/walk from Northport’s vibrant waterfront park, beaches, marina, shops, restaurants, library, schools, and more—you’re close to it all, yet tucked away on a ~0.80 acre parcel of land. This cozy 2-bedroom, 1-bath ranch offers approximately 1,262 square feet of living space, a large 2 car detached garage, rear screened-in porch, municipal sewer (with a small assessment still in place), and a private well. Whether you're looking for a year-round home, a vacation getaway, or an investment with upside, this one checks all the boxes. The home offers plenty of potential for updates and improvements, offering the perfect canvas for your vision. Northport is a welcoming, artsy village nestled on the shores of Grand Traverse Bay, at the northern edge of picturesque Leelanau County. It's a gateway for boating, beaches, hiking, and all things lakeside living. Don’t miss your chance to own a piece of Up North charm. Note: Square footage and acreage are approximate.

1564 N West Bay Shore Drive, Suttons Bay – SOLD

SOLD SUTTONS BAY WATERFRONT HOME

LISTED & SOLD by Oltersdorf Realty LLC on 5/23/2025
1564 N West Bay Shore Drive, Suttons Bay, MI – 3 Bedroom Ranch with 275’ on Suttons Bay!
$2,020,000 Ask Price - SOLD OVER ASKING

Discover your own private paradise with this rarely available property. Situated on one of the largest frontages on beautiful Suttons Bay, this exquisite lakefront ranch home offers 275 feet of private shoreline. The preferred east-facing lot ensures stunning sunrises - relax on the waterside covered porch, where you can unwind to the soothing sounds of waves gently lapping the waterfront. Built in 2013, this modern home is surrounded by granite stone walls and beautiful blue spruce trees, providing total privacy. The property includes a matching potting shed with full electric, two workbenches, and ample storage space for tools and toys. Inside, the home features 3 bedrooms and 2.5 baths, including a waterside master suite with a walk-in shower, tub, and an additional outdoor shower equipped with hot and cold water. The great room, dining room, kitchen, and master suite all offer breathtaking views of Suttons Bay and Stony Point. The chef's kitchen is equipped with dual sinks, granite countertops, custom cabinets, a built-in stovetop, oven, refrigerator, microwave, and dishwasher. The open floor plan seamlessly connects the great room, dining room, and kitchen, making it perfect for entertaining. A quarry stone-faced gas fireplace adds a touch of warmth and elegance. Sliders from the great room, dining room, and master bedroom lead to an expansive deck, partially covered with four skylights to allow natural light while providing shelter in inclement weather. Flagstone steps guide you to the water’s edge, where you'll find a 120-foot dock with a patio, perfect for waterside entertaining and taking in the views. The dock is equipped with electric and water services to meet your boating needs. This all-weather, low-maintenance home requires minimal annual upkeep, allowing you more time to enjoy its beauty. Located just 2 miles north of Suttons Bay, you'll have easy access to the town's many amenities, including restaurants, shopping, theater, library, and beaches! The nearby bike path connects Suttons Bay to Traverse City, which is only a 20-minute drive away, recently voted one of the best beach towns in America. Sleeping Bear Dunes National Lakeshore is also just a 30-minute drive away!

427 Monroe Street, Traverse City - SOLD

SOLD DOWNTOWN TRAVERSE CITY HOME

SOLD by Oltersdorf Realty LLC on 5/22/2025
427 Monroe Street, Traverse City, MI
$576,000

Tons of potential for this home located in the Slabtown neighborhood in Downtown Traverse City. 4 Bedroom, 2 bath home on a prime 50' x 165' city lot

Lot 6 – N Indian Camp Road, Northport – NEW LISTING

Dreaming of a peaceful waterfront location to build your vacation retreat or forever home in Leelanau County? Hitting the market for the first time since 1961, this ~1.18-acre vacant parcel offers 104 feet of private, direct frontage on Grand Traverse Bay—complete with unique views of Gull Island. The land is level, untouched, adorned with mature towering trees, and is accessed by a private dead-end road. A recently completed soil evaluation (perc test) confirms suitability for a traditional on-site septic system. High-speed fiber internet was installed along the road in spring 2025. With no known deed restrictions, you’ve got the freedom to bring your vision to life. Situated just 2.5 miles south of the charming Village of Northport and within a short drive of all the amenities of Traverse City! Vacant building sites on Grand Traverse Bay are becoming quite hard to find, don’t miss out on this one!

CLICK HERE FOR ADDITIONAL INFORMATION!

2222 Kaukauna Ct, Traverse City – SOLD

SOLD HURON HILLS HOME

LISTING SOLD by Oltersdorf Realty LLC on 5/21/2025
2222 Kaukauna Ct, Traverse City, MI – 3 Bedroom & 3 Bath Walkout Ranch Close to Everything!  
$530,000

Welcome to the Huron Hills home you’ve been waiting for! Tucked away on a quiet cul-de-sac at the base of Old Mission Peninsula, this 3-bedroom, 3-bathroom walkout ranch is situated on a low-maintenance wooded lot that keeps the yard work minimal and your weekends free. The home is also just a short walk away from a beautiful public sandy beach on East Bay (Sunrise Peace Park)! One of the biggest highlights of the house is a new 450 sq ft luxury-grade composite rear deck, perfect for relaxing and entertaining guests this summer. Inside, you’ll find 3 main floor bedrooms including a private primary suite, classic 1970s construction with a cool retro charm, and a walkout lower level complete with a charming wood-burning fireplace. Recent updates include fresh paint inside and out, a completely rebuilt rear deck, lower-level luxury vinyl plank flooring, and new shingles on both the house and garage - so the big-ticket stuff is already handled - making it move-in ready with tons of upside for future upgrades. The location is unbeatable - just 3 miles from Downtown Traverse City, 1.5 miles to Eastern Elementary, Central High School, and NMC. Looking for a solid home with great bones, a premium location, and the chance to make your own improvements? Here’s your chance to kick off summer 2025 - and the seasons beyond—living in Traverse City on desirable Old Mission Peninsula!

10017 E Lakeview Hills Road, Traverse City – SOLD

SOLD LAKEVIEW HILLS HOME

LISTING SOLD by Oltersdorf Realty LLC on 4/25/2025
10017 E Lakeview Hills Road, Traverse City, MI – 4 Bedroom & 2.5 Bath Home with Shared West Bay Frontage!
$485,000

Located in a fantastic neighborhood conveniently located between Traverse City and Suttons Bay, this home offers 230 feet of shared sandy frontage on West Grand Traverse Bay! With approximately 2,026 finished sq ft, it features 4 bedrooms, 2.5 baths—including a private primary suite—and a main floor living room and a lower-level family room, both with cozy wood-burning fireplaces. Additional features include newer Pella windows and doors, a natural gas furnace + heat pump/air conditioner, plenty of unfinished basement storage space, a dedicated workshop, and an extra-large attached 24x40 4+ car garage! Situated on a spacious 0.56-acre level lot, the property enjoys a large, fenced backyard with an underground sprinkler system, garden areas, and a rear composite deck. Located on a quiet, county-maintained paved road (no HOA dues here), it's just 7 miles from downtown Traverse City, plus, the sandy neighborhood beach is right across M-22, check it out!

198 Fox Run Drive, Elk Rapids - SOLD

SOLD DOWNTOWN ELK RAPIDS HOME

SOLD by Oltersdorf Realty LLC on 4/21/2025
198 Fox Run Drive, Elk Rapids, MI
$1,380,000

JUST SOLD in Elk Rapids, MI by Vicky & Jonathan Oltersdorf: 198 Fox Run Drive – A luxurious 2025-built, 3,500+ sq ft hilltop stunner with panoramic water views, private elevator, gourmet kitchen, spa-worthy master suite, and high-end finishes throughout. Located just a 5-minute walk from downtown and the beach, this home boasts two expansive decks, an oversized garage prewired for EV charging, and low-maintenance living in a premium condo-style community.

607 W Tenth Street, Traverse City - SOLD

SOLD DOWNTOWN TRAVERSE CITY HOME

SOLD by Oltersdorf Realty LLC on 3/21/2025
607 W Tenth Street, Traverse City, MI
$355,000

JUST SOLD in Downtown Traverse City! This charming 3-bedroom, 2-bath home is nestled in the highly sought-after Central Neighborhood on a rare and spacious 50' x 165' lot. Finding a 50' wide lot at this price point is no easy feat—an incredible opportunity in a prime location!

10155 E Shady Lane, Suttons Bay – SOLD

SOLD SUTTONS BAY HOME

LISTING SOLD by Oltersdorf Realty LLC on 3/7/2025
10155 E Shady Lane, Suttons Bay, MI – 5 Bedrooms, 2.5 Baths, & 2,175 Sq Ft on 2.50 Acres!
$624,500 Ask Price

Step into this immaculately maintained home, offering 5 bedrooms - including a main floor master suite, 2.5 baths, and 2,175 finished square feet. This property also features an unfinished walkout lower level, a finished 2.5+ car attached garage, and a large detached garage, all situated on a 2.50-acre parcel that includes an additional adjoining lot! Upon entering through the front door, you'll be welcomed by a living room with soaring cathedral ceilings and a cozy natural gas fireplace. The kitchen features Hickory cabinetry, newer appliances, and ample counter space, while the formal dining room provides direct access to an oversized wraparound deck. The main floor also offers a convenient laundry room, a half bath, and a spacious master suite complete with a walk-in closet. The upper level includes 4 additional bedrooms and a full bathroom with a tub. The unfinished walkout lower level, with its 8’9” ceilings, is plumbed for a future bathroom and offers abundant storage space. Step outside to enjoy the 2.50-acre property, which features an adjacent additional parcel and a 24’x28’ detached garage surrounded by mature trees. Plus, the home received new shingles in November 2024! Conveniently located in Bingham Township, just 9 miles from Downtown Traverse City and 6 miles from the Village of Suttons Bay, this property offers privacy on a paved county-maintained road. No HOA here!

3182 S Candace Lane, Lake Leelanau – NEW LISTING

Gorgeous Kitchen Remodel & Exceptional Garage Space in a Secluded Setting! Discover this desirable walkout ranch, offering the one-level living layout you’ve been searching for! With 3 bedrooms, 3 baths, and 3,300 finished sq ft, the heart of the home is the gorgeous, high-end kitchen, fully remodeled in 2022 with stunning quartz countertops, a stylish tile backsplash, and custom cabinetry—a true entertainer’s dream! The open-concept great room features vaulted ceilings, hardwood floors, and a cozy gas fireplace, making it the perfect space to relax or host gatherings. The spacious main floor primary suite offers a walk-in closet and a glass-tiled shower, while the main floor laundry adds everyday convenience. Step outside to enjoy the huge wraparound deck, ideal for soaking in the abundant wildlife and gardens on this 2.18-acre wooded property, tucked away at the end of a quiet cul-de-sac. Downstairs, the walkout lower-level features even more space with a family room, gas fireplace, bathroom, and wet bar - great for entertaining! But the real bonus? Garage and storage galore! Along with unfinished basement storage space and the attached 2-car garage, there’s an additional 24’ x 24’ detached garage - perfect for all your toys, tools, or workshop needs. With natural gas, cable internet, a Generac generator, and an unbeatable location - just 5 miles from Suttons Bay and 13 miles from Traverse City - this home is a rare find. Don’t miss out on this private hideaway with top-tier Leelanau amenities nearby!

2024 Grand Traverse County Real Estate Market Report: Year-End Home Sales Data & Trends

2024 Grand Traverse County Real Estate Market Report: Year-End Home Sales Data & Trends

Looking for the latest 2024 Grand Traverse County real estate market trends? This comprehensive year-end home sales report provides in-depth insights into Traverse City home sales, pricing trends, and real estate market performance. Explore historical sales data, compare pricing changes, and discover what’s driving the Northern Michigan housing market.

2024 Grand Traverse County Home Sales Data & Market Trends

The 2024 real estate market in Grand Traverse County saw notable shifts in pricing and sales volume. Below, we break down the key data points for home sales between January 1, 2024, and December 31, 2024, while comparing trends from the past decade (2015-2023). This data includes sales across Acme, Blair, East Bay, Fife Lake, Garfield, Grant, Green Lake, Long Lake, Mayfield, Paradise, Peninsula, Union, Whitewater, and the City of Traverse City.

Key 2024 Grand Traverse County Home Sales Statistics:

  • Total Homes Sold: +0.38% Increase (compared to 2023)

  • Total Sales Volume: +6.04% Increase

  • Average Home Sales Price: +5.64% Increase

  • Median Home Sales Price: +6.04% Increase

Traverse City & Grand Traverse County Housing Market Insights

The Traverse City real estate market has remained strong, with steady growth in home values and increased buyer demand. Rising home prices in 2024 reflect market stability, while inventory levels continue to shape the housing landscape. Whether you’re a homebuyer, seller, or investor, understanding these real estate market trends is crucial for making informed decisions.

Historical Real Estate Market Comparison: 2015-2024

This Grand Traverse County housing market analysis includes data from the Northern Michigan Realtors MLS spanning 2004-2024. By comparing Traverse City real estate trends over the past decade, you can identify long-term growth patterns and market fluctuations.

Why This Data Matters for Homebuyers & Sellers

  • Sellers: Learn how rising home values can maximize your home sale profits.

  • Buyers: Understand market pricing trends to make informed home purchasing decisions.

  • Investors: Gain insight into Grand Traverse County real estate appreciation rates for better investment strategies.

Reliable Grand Traverse County Home Sales Data

This report is based on verified MLS data from the Northern Michigan Realtors. Note that undisclosed home sales and fractional ownership transactions are excluded to maintain data accuracy.

Need Expert Real Estate Advice? Contact Jonathan Oltersdorf Today!

For personalized insights into Grand Traverse County real estate, reach out to Jonathan Oltersdorf at Oltersdorf Realty, LLC.

📞 Phone: 231-271-7777
📧 Email: jonathan@oltersdorf.com
🌐 Website: www.oltersdorf.com

Leelanau County Real Estate vs. S&P 500: (2006-2024)

Leelanau County Real Estate vs. S&P 500: A Data-Driven Market Comparison (2006-2024)

Are you wondering how Leelanau County real estate compares to the S&P 500 over time? Understanding the performance of home values in Leelanau County versus the stock market can provide valuable insights for investors and homeowners alike.

Our in-depth analysis examines the annual average and median home sale prices in Leelanau County from 2006 to 2024, alongside the S&P 500 year-end closing prices for each corresponding year. By analyzing this data, you'll discover key real estate trends and how they correlate with broader market movements.

Over the past two decades, both real estate and stock market investments have experienced significant appreciation. As economic conditions fluctuate, understanding the relationship between home values and equity markets can help you make informed decisions about buying or selling property in Leelanau County.

📊 Check out the chart above for a side-by-side comparison of Leelanau County home prices and the S&P 500 from 2006 to 2024.

For expert insights into Leelanau County’s housing market trends, contact us today! Whether you're considering a vacation home, investment property, or primary residence, staying informed is key to making the best real estate decisions.

2024 Leelanau County Year-End Vacant Land Sales Data

2024 Leelanau County Vacant Land Market Trends: Year-End Insights

Units Sold: +17.26%
Volume Sold: +17.57%

Introduction:

Explore the latest trends shaping Leelanau County's vacant land market with our comprehensive analysis of the 2024 year-end sales data. This detailed report highlights key statistics such as units and volume sold, current inventory levels, and provides actionable insights into the real estate landscape in Leelanau County. Whether you're a buyer, seller, or investor, this article is your go-to resource for understanding the dynamics of Leelanau County's vacant land market.

Overview:

This analysis covers vacant land sales data from January 1 to December 31, 2024, offering a year-over-year comparison with statistics from 2015 to 2024. Our data spans the entire county, including popular areas like Bingham, Centerville, Cleveland, Elmwood, Empire, Glen Arbor, Kasson, Leelanau, Leland, Solon, Suttons Bay, and the City of Traverse City, located in the southeast corner of Leelanau County.

Key Market Trends:

  • Vacant Land Sales Normalization: After a record-breaking year in 2021, the vacant land market in 2022-2024 saw a return to historical averages.

  • Construction Activity on the Rise: Building permits issued in 2024 showed an uptick, both in volume and total value. While new construction remains expensive, the increased activity signals a more stable construction industry in Leelanau County.

Building Permits and Construction Trends:

Leelanau County experienced a significant increase in building permits issued during 2024, along with a rise in their total value. This growth reflects a stabilization in the construction sector despite the ongoing high costs of new builds. The upward trend is a promising indicator for future development and investment opportunities in the area.

Data Source and Accuracy:

The insights in this report are derived from sales data provided by the Northern Great Lakes Realtors MLS. Please note that undisclosed sales are excluded from the analysis to maintain transparency. While every effort has been made to ensure accuracy, this information is intended for general review purposes and is not guaranteed.

Why Stay Updated on Leelanau County Real Estate?

Staying informed on market trends is essential for making smart real estate decisions. Whether you're looking to invest in vacant land, build your dream home, or understand the market dynamics, the data provided in this report offers valuable context for navigating the Leelanau County real estate market in 2024 and beyond.

Contact Information: For further inquiries or to explore real estate opportunities in Leelanau County, feel free to contact Jonathan Oltersdorf of Oltersdorf Realty, LLC at:

Stay informed and make well-informed decisions in the Leelanau County real estate market by following us on social media!

What Did Leelanau County Home Buyers Purchase in 2024?

What Did Leelanau County Home Buyers Purchase in 2024?

Discover the latest insights into Leelanau County's real estate market with key statistics from 2024. Learn about home sales, pricing trends, and the most active townships in the region.

Leelanau County Real Estate Overview

In 2024, Leelanau County experienced a dynamic real estate market, with significant trends defining the housing landscape. Notably, 63.3% of all homes sold in the county exceeded the $500,000 price point, highlighting a strong demand for higher-end properties.

Pricing Trends

The most common price range for home sales in Leelanau County in 2024 was $400,000 to $500,000, reflecting high buyer interest in this bracket. Close behind were the $300,000 to $400,000 and $500,000 to $600,000 ranges, showcasing a diverse inventory that catered to various budgets and preferences.

Top Townships by Real Estate Activity

Several townships stood out for their high volume of residential sales. Here are the most active areas in Leelanau County's real estate market for 2024:

  1. Leland

  2. Elmwood

  3. Glen Arbor

  4. Suttons Bay

  5. Leelanau

Each of these townships saw robust buyer activity, offering unique opportunities for prospective homeowners.

Conclusion

The 2024 Leelanau County real estate market was defined by strong demand across various price ranges and significant activity in key townships. Whether you're exploring pricing trends or identifying areas with the highest sales volume, these insights provide a valuable snapshot of the local housing market.

Stay informed and make confident real estate decisions in Leelanau County by following Oltersdorf Realty on Facebook or Instagram.

This report is based upon sales information obtained from the Northern Great Lakes Realtors MLS. Undisclosed sales and fractional ownership sales are not included in the data. This is for basic review purposes only. All attempts for accuracy have been made but cannot be guaranteed.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com 

Debunking the Myth: Are Leelanau County Principal Residences Turning Into Vacation Rentals?

Debunking the Myth: Are Leelanau County Principal Residences Turning Into Vacation Rentals?

Interestingly, in 2024, less than half of the homes in Leelanau County—just 46%—were primary residences. A common myth I often hear is that everyone is buying year-round primary homes and converting them into vacation rentals. However, the data doesn’t support this claim. In fact, the percentage of primary homes in Leelanau County has remained fairly consistent over the years, hovering between 45% and 47%. It's actually slightly higher now than it was 15 years ago.

On the other hand, it's clear that the total number of vacation rentals in the county has risen significantly. But the data shows these vacation rentals weren’t year-round primary homes being converted into short-term rentals. Instead, they were already second homes, vacation properties, or long-term rentals. Now, their owners are choosing to rent them out short-term while still using them personally.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com 

Where Are Leelanau County Home Buyers Coming From in 2024?

Where Are Leelanau County Home Buyers Coming From in 2024?

Curious about the origins of home buyers in Leelanau County in 2024? We analyzed the data, breaking down the primary mailing addresses (zip codes) of the 338 residential real estate buyers in the area last year. Here’s what we found.

Local Buyers: A Shrinking Share

In 2024, 40% of home buyers came from zip codes in Leelanau County or neighboring Grand Traverse County, which includes Traverse City. However, this percentage has steadily declined since 2014. This shift marks a notable change in the makeup of the local buyer base.

Expanding Reach: Buyers from Across the U.S.

Historically, most Leelanau County buyers originated from areas within a 6-hour drive. But the trend is changing. More buyers are now coming from across the country, especially from western states like Colorado, California, and Texas.

This evolving dynamic signals a growing interest in Leelanau County real estate from a broader national audience, reflecting the area's appeal beyond Michigan’s borders.

Key Takeaways

  • 40% of 2024 buyers were from local zip codes (Leelanau and Grand Traverse Counties).

  • There’s a notable increase in out-of-state buyers, particularly from western states.

  • The trend highlights Leelanau County’s growing popularity as a destination for relocation or investment.

If you’re considering buying or selling property in Leelanau County, understanding these trends can help you make more informed decisions. Want to explore the real estate opportunities here? Contact us today!

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com 

2024 Leelanau Home Buyers - Cash or Financing?

In Leelanau County there were 338 residential home sales in 2024. Did they buy with cash or use financing?

In 2024, there were 338 residential home sales throughout Leelanau County. Of these, 44% were cash purchases (no mortgage), a decrease from the record high of 50% cash sales in 2023. By comparison, Grand Traverse County saw 34.3% of homes purchased with cash in 2024, nearly unchanged from 35.0% in 2023. *Fractional ownership sales are excluded from this data.

This report is based upon sales information obtained from the Northern Great Lakes Realtors MLS. Undisclosed sales and fractional ownership sales are not included in the data. This is for basic review purposes only. All attempts for accuracy have been made but cannot be guaranteed.

Jonathan Oltersdorf, Oltersdorf Realty, LLC
Phone: 231-271-7777
E-mail: jonathan@oltersdorf.com