There is no doubt that Leelanau County Contractors had a challenging start to 2020 with the Covid-19 lock down restrictions that were put in place. Once construction started to open up many homeowners were also hesitant to allow contractors in their occupied homes to complete remodels. Although the number of permits dropped to 457 and the value of the permits dropped to a total of $44.72 million the contractors that we have spoken to recently are now as busy as ever! We expect 2021 to bring a return of the construction numbers back to 2017-2019 figures after a very unusual 2020.
2021 Current Lake Michigan Water Levels
2021 Current Lake Michigan Water Levels
Some good news for many waterfront property owners on Lake Michigan as the most recent readings indicate that water levels are now -7 inches lower compared to this time last year. January 2020 - July 2020 saw record high water levels on Lake Michigan.
The United States Army Corps of Engineers collects and publishes current / past Lake Michigan water level data which is very important to many property owners in Leelanau County & Grand Traverse County who own real estate on Lake Michigan or Grand Traverse Bay. Their last reading took place on January 15, 2021.
January 15, 2021 580.97 feet
Difference from January 15, 2020: -7 inches
Difference from long term average: +31 inches
Difference from highest monthly average (1987): -4 inches
Difference from lowest monthly average (2013): +59 inches
Projected change in levels by Feb 15, 2021: -1 inches
Click here to open/download the full report for the current month:
http://lre-wm.usace.army.mil/reports/GreatLakes/GLWL-CurrentMonth-Feet.pdf
For more information on current & past historic records regarding the Great Lakes Water Levels please visit: http://www.lre.usace.army.mil/Missions/Great-Lakes-Information/Great-Lakes-Water-Levels/Water-Level-Forecast/Weekly-Great-Lakes-Water-Levels/
7500 S Lakeview Road, Traverse City β SOLD
ο»ΏSOLD SOUTH LAKE LEELANAU WATERFRONT HOME
LISTED & SOLD by Oltersdorf Realty LLC on 1/8/2021
7500 S Lakeview Road, Traverse City, MI β Ranch Home with 192β on South Lake Leelanau
Asking Price: $749,000
Spacious direct waterfront ranch home located on an exceptionally deep 3.82+ acre wooded parcel offering 192β of desirable western facing private water frontage on South Lake Leelanau! This classic Leelanau cottage features 2,224 finished sq ft of living space, 5 bedrooms, 2.5 baths, beamed cathedral ceilings, hardwood flooring throughout, and unlimited potential for future updates. Exceptionally quiet setting set back from the roadway in a perfect location just 10 miles from Downtown Traverse City! Survey and permit for a future replacement drainfield on file.
Current Mortgage Rates - January 2021
Annual Average 30 Year Fixed-Rate Mortgage Rates
The average 30 year fixed mortgage rate decreased dramatically from 3.94% in 2019 to an annual average of 3.11% in 2020. Above you will find the historical monthly average rate dating back to 2006. December 2020 ended with a monthly average of just 2.68% which was a historic record low!
Monthly data dating back to 1971 can be found here: http://www.freddiemac.com/pmms/pmms30.html
7345 N Island Watch, Northport, MI - Sold
SOLD NORTHPORT WATER VIEW PARCEL
SOLD by Oltersdorf Realty LLC on 12/29/2020
7345 N Island Watch, Northport, MI - 3.35 Acre Water View Vacant Parcel
Asking Price: $139,000
3.35 acre wooded water view parcel featuring sunset Lake Michigan views and views of the Manitou Islands! Located between Leland and Northport just off of the iconic M-22 in the heart of Leelanau County!
12073 S Elk Ridge Drive, Traverse City β SOLD
SOLD CEDAR CREEK COMMONS CONDO
LISTED & SOLD by Oltersdorf Realty LLC on 12/22/2020
12073 S Elk Ridge Drive, Traverse City, MI β 3 Bedroom, 3 Bath Cedar Creek Condominium
Asking Price: $365,000
Wonderful move-in ready condominium in popular Cedar Creek Commons! This desirable ranch home features ~2,500+ finished sq ft, an open great room with vaulted ceilings and a gas fireplace, 3 bedrooms & 3 baths (2 main floor bedrooms & baths), rare main floor bonus den, main floor laundry, partially finished lower level with plenty of storage space, private deck, and an attached 2 car garage! Recent updates include a new furnace, new air conditioning unit, and newer quartz countertops and backsplash! Low maintenance living in a sought after location adjacent to the Elmwood Township Park and just minutes to the Leelanau Bike Trail and Downtown Traverse City! Association dues include road maintenance and snow plowing, lawn care, water, and trash (amenities building offers an indoor swimming pool & exercise area).
7492 S Lakeview Road, Traverse City - SOLD
SOLD SOUTH LAKE LEELANAU WATERFRONT HOME
SOLD by Oltersdorf Realty LLC on 12/16/2020
7492 S Lakeview Road, Traverse City, MI - Home with 293β on South Lake Leelanau!
Asking Price: $995,000
Unique opportunity to own a South Lake Leelanau boathouse with living space above! This 2 bedroom, 1.5 bath boathouse sits on 293β of direct private frontage with 3.31 wooded acres just 10 minutes from Downtown Traverse City in southern Leelanau County! Western facing sunset water views in Leelanau County!
760 S Village View Court, Suttons Bay β SOLD
SOLD SUTTONS BAY WATER VIEW PARCEL
LISTING SOLD by Oltersdorf Realty LLC on 12/11/2020
760 S Village View Court, Suttons Bay, MI β 2.28 Acre Bay View Vacant Parcel
Asking Price: $149,500
Panoramic western facing sunset views of βThe Bayβ and the Village of Suttons Bay are enjoyed from this beautiful 2.28 acre building site offering stunning water views and a gently sloping landscape of open meadows surrounded by cherry orchards! Village View is a small neighborhood of quality homes featuring a paved private road, natural gas, underground electric, and high speed cable internet. Located just minutes to the year-round Village of Suttons Bay and within a short drive of Downtown Traverse City!
3173 S Lee Point Road, Suttons Bay β SOLD
SOLD SUTTONS BAY WATERFRONT HOME
LISTING SOLD by Oltersdorf Realty LLC on 11/23/2020
3173 S Lee Point Road, Suttons Bay, MI β 3,600 Sq Ft Ranch with 150β on West Bay
Asking Price: $994,900
This quality built year-round 3,600 sq ft ranch home located on desirable Lee Point Peninsula offers wonderful sunrise views over Old Mission Peninsula from nearly every room of the home and is situated on a beautifully landscaped partially wooded lot with 150β of private direct West Grand Traverse Bay frontage! Features include large living, dining, family rooms and kitchen areas, 4 main floor bedrooms, 3.5 recently remodeled baths, hardwood and ceramic tile flooring, vaulted ceilings, 9 skylights, 2 fireplaces, large waterside windows and patio doors providing expansive views, waterside studio/sunroom, a partial unfinished basement, Trex maintenance free decking, a 334+ sq ft covered front porch, 4+ car attached garage, back-up gas generator, security system, and much more! Exceptional low maintenance year-round or vacation home in a tranquil quiet location set far back from the county roadway on a shared private drive!
Lot 11 - S Lakeview Road, Traverse City - SOLD
SOLD SOUTH LAKE LEELANAU WATERFRONT PARCEL
SOLD by Oltersdorf Realty LLC on 11/17/2020
Lot 11 - S Lakeview Road, Traverse City, MI - 107β and 1.45 Acres on South Lake Leelanau
Asking Price: $495,000
Rarely available vacant waterfront lot on S Lakeview Road in a fantastic quiet location close to Traverse City! This 1.45 acre parcel features 107β of direct private western facing frontage on South Lake Leelanau in Leelanau County!
34.67 Acres - N Matheson Road, Northport - SOLD
SOLD NORTHPORT ACREAGE PROPERTY
SOLD by Oltersdorf Realty LLC on 11/16/2020
34.67 Acres - N Matheson Road, Northport, MI - Beautiful 34.67 Acre Vacant Parcel
Asking Price: $156,000
Beautiful elevated 34.67 heavily wooded acreage located off of N Matheson Road in Northport, MI. Unrestricted vacant land acreage in a hard to find price range!
13800 S West Bayshore Drive #6, Traverse City - SOLD
SOLD TRAVERSE CITY CONDOMINIUM
SOLD by Oltersdorf Realty LLC on 11/12/2020
13800 S West Bayshore Drive #6, Traverse City, MI - Edgewater Loft Condo near Downtown Traverse City
Asking Price: $441,000
Beautiful 3 bedroom, 3 bath, 1767 finished sq ft condominium located within Edgewater Lofts offering water access on West Grand Traverse Bay and situated just a short bike ride from Downtown Traverse City! *Photos provided by the Northern Great Lakes Realtors MLS.
10811 E Hilltop Road, Suttons Bay - SOLD
SOLD SUTTONS BAY WATERFRONT & WATERVIEW HOME
SOLD by Oltersdorf Realty LLC on 10/22/2020
10811 E Hilltop Road, Suttons Bay, MI - 7,500+ sq ft Log Home on 5 Acres with 217β on West Bay
Asking Price: $1,800,000
The Hilltop Log Lodge is located on a ridge overlooking West Grand Traverse Bay high above the iconic coastal road M-22 in the heart of Leelanauβs wine country! The Hilltop Log Lodge living space is cozy yet spacious with 7,500 sq ft, 5 bedrooms and 5.5 baths. This beautiful property includes 5+ acres and offers private West Bay water frontage! NOW AVAILABLE FOR YOUR VACATION RENTAL!
5896 S Cummings Street, Suttons Bay β SOLD
SOLD SUTTONS BAY WATERFRONT HOME
LISTING SOLD by Oltersdorf Realty LLC on 10/22/2020
5896 S Cummings Street, Suttons Bay, MI - Cottage with 77β Private Frontage on West Bay!
Asking Price: $475,000
This hard to find affordable cottage offers 77β feet of direct frontage on West Grand Traverse Bay conveniently located between Suttons Bay & Traverse City! Home features include one floor living, an open kitchen/dining area, 2 bedrooms, laundry hook up off dining area, natural gas forced air furnace, 4β well, and a 2 car detached garage! Sale includes 2 extra subdivision back lots in addition to the waterfront parcel which offer a great location for an additional outbuilding/house and/or future septic location if desired. Current soil testing from LCHD available upon request. All on a paved low-traffic county maintained road within just 10 minutes of Traverse City and Suttons Bay!
3125 S Lee Point Road, Suttons Bay β SOLD
SOLD SUTTONS BAY WATERFRONT HOME
LISTING SOLD by Oltersdorf Realty LLC on 10/19/2020
3125 S Lee Point Road, Suttons Bay, MI
Ranch Home + Guest House + 26x40 Barn with 2.13 Acres & 113β on West Bay!
Asking Price: $1,500,000
This classic waterfront home offers quality and comfort with a timeless design that will last generations! Located on a professionally landscaped and exceptionally private 2.13 acre parcel with 113β of private direct frontage on West Grand Traverse Bay this desirable ranch home features Cedar siding with stone accents, an expansive great room with cathedral ceilings and a natural stone fireplace, hardwood flooring throughout, and stunning West Bay views! Additional details include an open kitchen with a large island and pantry, dining areas ideal for large family gatherings or entertaining friends, a wonderful 272 sq ft stone floored screened-in waterside porch with cathedral ceilings, 3 delightful main floor bedrooms each with direct bath access and 9β ceilings, and a full house generator! In addition to the main home you will find a charming detached guest cottage with a walk-up 1 bedroom & ΒΎ bath apartment offering an open family room, kitchenette, hardwood flooring, and a beautifully finished screened-in balcony above a heated 2 car garage with a dog washing station and Β½ bath! Additionally, there is plenty of extra space to store the cars and boat in the 3+ car 40βx26β garage with 500+ sq ft of walk-up storage space! An ideal location just 20 minutes from Traverse City and 5 minutes from the year-round Village of Suttons Bay. Built by one of the finest builders in all of Northern Michigan!
Lot 88 S Bay View Trail, Suttons Bay - SOLD
SOLD SUTTONS BAY VACANT PARCEL
LISTED & SOLD by Oltersdorf Realty LLC on 10/19/2020
Lot 88 S Bay View Trail, Suttons Bay, MI - 1.10 Acre Vacant Lot with 182' Shared Access on West Bay
Asking Price: $35,000
Build your primary or vacation retreat on this beautifully wooded and rolling building site offering beautiful elevated views and shared West Bay water frontage within an area of quality homes. Soil evaluation for on-site septic system has been completed. A wonderful quiet low traffic county maintained paved road with electric, natural gas, phone and cable available to the lot!
529 Mill Road, Kingsley - SOLD
SOLD KINGSLEY HOME ON ACREAGE
SOLD by Oltersdorf Realty LLC on 10/16/2020
529 Mill Road, Kingsley, MI - Ranch Home on 20 Acres + 2 Outbuildings
Asking Price: $450,000
1,672 sq ft ranch home located on a very private 20 acre parcel with 40x72 insulated pole barn and 30x40 horse barn across the road from thousands of acres of state land! Photos courtesy of the Northern Great Lakes Realtors MLS.
400 S Nanagosa Trail, Suttons Bay β SOLD
SOLD SUTTONS BAY VACANT PARCEL
LISTING SOLD by Oltersdorf Realty LLC on 10/13/2020
400 S Nanagosa Trail, Suttons Bay, MI β 2 Vacant Parcels with Seasonal Bay Views
Asking Price: $119,000
This beautifully wooded and rolling hilltop building site loaded with Trillium and wild flowers enjoys utmost privacy while offering seasonal water views of West Bay and a newly installed paved driveway on a quiet county maintained low-traffic road on desirable Stony Point Peninsula! Build your dream home in the thick of the hardwoods or in the clearing featuring countryside views of the adjacent cherry orchard. A wonderful area of quality primary and vacation homes within biking distance to a waterfront township park and just 5 minutes to the amenities of the quaint Village of Suttons Bay! 2 separate parcels included for a total of ~3.62 acres, property corners have been marked, and outbuildings are allowed! Natural gas, underground electric, phone, cable, and high speed internet are available at road.
8625 E Donner Road, Traverse City β SOLD
SOLD TRAVERSE CITY HOME ON ACREAGE
LISTING SOLD by Oltersdorf Realty LLC on 10/6/2020
8625 E Donner Road, Traverse City, MI β 3 Bedroom, 2.5 Bath Home on 24.78 Acres!
Asking Price: $420,000
Charming 3 bedroom, 2.5 home offering exceptional privacy on almost 25 acres of beautiful rolling terrain complimented by hardwoods and young cherry trees with an abundance of natural wildlife! Home features include a large open great room with cathedral ceilings, hardwood flooring, stone gas fireplace, oak kitchen cabinetry with newer granite countertops and stainless appliances, main floor master bedroom, solid six panel pine doors throughout, partially finished walkout lower level with a family room, 3rd bedroom, and ΒΎ bath, newer finished front porch addition, beautiful composite rear deck, and a 30 x 40 pole barn/garage! No maintenance is required on the orchard as it is leased long term to a local farmer (rent is paid on percentage of gross fruit sales). A rare find for this much acreage located between Suttons Bay & Traverse City!
4382 N Manitou Trail, Leland β SOLD
SOLD NORTH LAKE LEELANAU WATERFRONT LOT
LISTING SOLD by Oltersdorf Realty LLC on 10/2/2020
4382 N Manitou Trail, Leland, MI β Vacant 100β Parcel on N Lake Leelanau + Additional Water View Lot
Asking Price: $495,000
A rare find! This beautiful North Lake Leelanau direct waterfront building site is ready for construction of your Leland dream home! Features include sunrise water views, sandy waterfrontage, and ideal topography for a walkout home design. As an added bonus this wonderful package includes a 2nd wooded building site with water views located directly across the road! Soil testing has been completed for a pump back septic system and a site plan survey indicates a ~2,150 sq ft waterfront building envelope. Ideal location ~2 miles north of Lelandβs charming community with access at the road to natural gas, electric, and cable/internet for both lots!