Real Estate Investment Properties for Sale in Bellaire, MI

Looking for investment property in Bellaire, MI with high ROI ?

Explore a variety of short-term homes & houses in Bellaire, MI. Invest wisely with VRBO & Bellaire, MI Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Bellaire, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
2400 Troon South #4002 Bellaire, MI Enjoy views of the 18th hole and pond at the Lodge at Cedar River Village. This updated 1...	1 beds \| 1 baths \| 594 sq.ft.	$119,000	Airbnb cash on cash: -6.94% Traditional cash on cash: 2.29% Airbnb Rental Income: $479 Traditional Rental Income: $1270 Airbnb ROI: -6.94% Traditional ROI: 2.29%
2400 TROON SOUTH Bellaire, MI Experience effortless Up North living in this luxury 1-bedroom condotel at Cedar River Lod...	1 beds \| 1 baths \| 656 sq.ft.	$139,000	Airbnb cash on cash: -5.43% Traditional cash on cash: 1.51% Airbnb Rental Income: $479 Traditional Rental Income: $1136 Airbnb ROI: -5.43% Traditional ROI: 1.51%
5811 East Village Drive Bellaire, MI Located in the heart of Bellaireâs ski village, this architecturally distinct mid-centur...	4 beds \| 3 baths \| 1,970 sq.ft.	$599,900	Airbnb cash on cash: 0.55% Traditional cash on cash: 2.14% Airbnb Rental Income: $2410 Traditional Rental Income: $2709 Airbnb ROI: 0.55% Traditional ROI: 2.14%
6985 Grindel Strause Bellaire, MI Immaculately maintained quality built, classic Schuss Mountain Chalet style home. Enjoy al...	3 beds \| 2 baths \| 1,580 sq.ft.	$359,900	Airbnb cash on cash: 0.23% Traditional cash on cash: 3.77% Airbnb Rental Income: $1498 Traditional Rental Income: $2256 Airbnb ROI: 0.23% Traditional ROI: 3.77%
501 Green Acres Bellaire, MI This beautifully upgraded home in a tranquil Bellaire neighborhood offers proximity to wat...	3 beds \| 2 baths \| 1,184 sq.ft.	$324,900	Airbnb cash on cash: 1.34% Traditional cash on cash: 4.37% Airbnb Rental Income: $1498 Traditional Rental Income: $1985 Airbnb ROI: 1.34% Traditional ROI: 4.37%
6340 Courcheval Lane Bellaire, MI Resort A-frame cottage that seamlessly combines modern and rustic charm at Shanty Creek Re...	4 beds \| 2 baths \| 1,938 sq.ft.	$489,900	Airbnb cash on cash: 1.89% Traditional cash on cash: 3.39% Airbnb Rental Income: $2410 Traditional Rental Income: $2507 Airbnb ROI: 1.89% Traditional ROI: 3.39%
2400 Troon South #4102 Bellaire, MI Your Northern Michigan vacation property dreams can come true! Suite 4102 is an affordable...	1 beds \| 1 baths \| 622 sq.ft.	$110,000	Airbnb cash on cash: -7.1% Traditional cash on cash: 2.85% Airbnb Rental Income: $479 Traditional Rental Income: $1269 Airbnb ROI: -7.1% Traditional ROI: 2.85%
6994 Obervalden Drive Bellaire, MI Positioned on a private corner parcel in one of Northern Michigan's premier four-season de...	3 beds \| 3 baths \| 2,134 sq.ft.	$599,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 3.2% Airbnb Rental Income: $1498 Traditional Rental Income: $2764 Airbnb ROI: 0.15% Traditional ROI: 3.2%
2400 Troon South #4007 Bellaire, MI Beautifully remodeled one-bedroom, one-bath ground-floor condominium is ready for the next...	1 beds \| 1 baths \| 600 sq.ft.	$129,500	Airbnb cash on cash: -5.73% Traditional cash on cash: 3.3% Airbnb Rental Income: $479 Traditional Rental Income: $1335 Airbnb ROI: -5.73% Traditional ROI: 3.3%
503 N Bridge Street Bellaire, MI Welcome to this beautifully renewed 1905 Victorian that blends timeless craftsmanship with...	5 beds \| 5 baths \| 3,500 sq.ft.	$999,900	Airbnb cash on cash: 1.44% Traditional cash on cash: 0.92% Airbnb Rental Income: $3459 Traditional Rental Income: $2204 Airbnb ROI: 1.44% Traditional ROI: 0.92%
2400 Troon South #4210 Bellaire, MI Base camp suite at Shanty Creek Resort in the Cedar River Hotel. This is far from your t...	1 beds \| 1 baths \| 594 sq.ft.	$119,000	Airbnb cash on cash: -7.4% Traditional cash on cash: 4.06% Airbnb Rental Income: $479 Traditional Rental Income: $1526 Airbnb ROI: -7.4% Traditional ROI: 4.06%
4673 N Crossover Drive #578 Bellaire, MI Discover your perfect getaway at Shanty Creek Resort with this newly updated 2-bedroom, 3-...	2 beds \| 3 baths \| 1,243 sq.ft.	$269,000	Airbnb cash on cash: -3.66% Traditional cash on cash: 3.59% Airbnb Rental Income: $929 Traditional Rental Income: $2425 Airbnb ROI: -3.66% Traditional ROI: 3.59%
5712 Shanty Creek Road #680 Bellaire, MI Hello Shanty Creek! Pack your bag, come on up, play and stay awhile! Enjoy year round fun ...	1 beds \| 1 baths \| 374 sq.ft.	$114,000	Airbnb cash on cash: -3.32% Traditional cash on cash: 3.96% Airbnb Rental Income: $479 Traditional Rental Income: $1013 Airbnb ROI: -3.32% Traditional ROI: 3.96%
9059 Clam Lake Road #2 Bellaire, MI Torch Lake is at your fingertips from this turnkey condo on the shore of Clam Lake. Comple...	1 beds \| 1 baths \| 476 sq.ft.	$259,900	Airbnb cash on cash: -3.43% Traditional cash on cash: 0.38% Airbnb Rental Income: $479 Traditional Rental Income: $1143 Airbnb ROI: -3.43% Traditional ROI: 0.38%
4643 N Crossover Drive #534 Bellaire, MI Conveniently located on Shanty Creek Resort, with it's world class golf and skiing, this r...	2 beds \| 3 baths \| 1,300 sq.ft.	$249,900	Airbnb cash on cash: -4.99% Traditional cash on cash: 2.59% Airbnb Rental Income: $929 Traditional Rental Income: $2373 Airbnb ROI: -4.99% Traditional ROI: 2.59%
4972 Hawks Spur Bellaire, MI Live the Rhythm of Resort Life â New Construction on Hawks Eye Golf Course Ready to move...	3 beds \| 3 baths \| 1,904 sq.ft.	$679,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 3.4% Airbnb Rental Income: $1498 Traditional Rental Income: $2923 Airbnb ROI: 0.45% Traditional ROI: 3.4%
5830 Shanty Creek Road #789-791 Bellaire, MI Welcome to your perfect Northern Michigan getaway! This beautifully updated 2-bedroom, 3-b...	2 beds \| 3 baths \| 1,350 sq.ft.	$275,000	Airbnb cash on cash: -3.01% Traditional cash on cash: 4.44% Airbnb Rental Income: $929 Traditional Rental Income: $2517 Airbnb ROI: -3.01% Traditional ROI: 4.44%
2400 Troon South #220 Bellaire, MI Shanty Creek Resort - one bedroom suite with two queen beds in the Cedar River Lodge with ...	1 beds \| 1 baths \| 594 sq.ft.	$105,000	Airbnb cash on cash: -7.58% Traditional cash on cash: 3.6% Airbnb Rental Income: $479 Traditional Rental Income: $1349 Airbnb ROI: -7.58% Traditional ROI: 3.6%
5592 Troon North Bellaire, MI This stunning turn-key home in Cedar River Village at Shanty Creek Resort offers the perfe...	5 beds \| 4 baths \| 5,459 sq.ft.	$695,000	Airbnb cash on cash: 2.83% Traditional cash on cash: 4.44% Airbnb Rental Income: $3459 Traditional Rental Income: $3738 Airbnb ROI: 2.83% Traditional ROI: 4.44%
9017 Clam Lake Road Bellaire, MI Rare Clam Lake frontage featuring 362 feet of private shoreline, expansive water views, an...	3 beds \| 3 baths \| 2,974 sq.ft.	$1,350,000	Airbnb cash on cash: -0.78% Traditional cash on cash: 1.02% Airbnb Rental Income: $1498 Traditional Rental Income: $3314 Airbnb ROI: -0.78% Traditional ROI: 1.02%
7684 Honey Hollow Road Bellaire, MI Discover the perfect blend of privacy, potential, and proximity with this exceptional 3-be...	3 beds \| 3 baths \| 1,648 sq.ft.	$575,000	Airbnb cash on cash: 0.2% Traditional cash on cash: 2.6% Airbnb Rental Income: $1498 Traditional Rental Income: $2350 Airbnb ROI: 0.2% Traditional ROI: 2.6%
5828 Shanty Creek Road #438 Bellaire, MI Shanty Creek Resort offers a 3-bedroom, 3-bathroom unit with a west-facing view, just a mi...	3 beds \| 3 baths \| 1,700 sq.ft.	$339,900	Airbnb cash on cash: -0.62% Traditional cash on cash: 5.1% Airbnb Rental Income: $1498 Traditional Rental Income: $2885 Airbnb ROI: -0.62% Traditional ROI: 5.1%
6493 Deer Path #102 Bellaire, MI The tranquil trickling of a flowing trout stream nestled in pine and hardwood trees just o...	2 beds \| 2 baths \| 1,026 sq.ft.	$199,500	Airbnb cash on cash: -3.45% Traditional cash on cash: 3.98% Airbnb Rental Income: $929 Traditional Rental Income: $1993 Airbnb ROI: -3.45% Traditional ROI: 3.98%
5712 SHANTY CREEK #680 Bellaire, MI Hello Shanty Creek! Pack your bag, come on up, play and stay awhile! Enjoy year round fun ...	1 beds \| 1 baths \| 374 sq.ft.	$114,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 6.68% Airbnb Rental Income: $479 Traditional Rental Income: $986 Airbnb ROI: -0.36% Traditional ROI: 6.68%
3994 Harbour Town Bellaire, MI Discover this stunning handcrafted executive home at Cedar River Village, offering sweepin...	4 beds \| 4 baths \| 4,300 sq.ft.	$1,175,000	Airbnb cash on cash: 0.11% Traditional cash on cash: 2.54% Airbnb Rental Income: $2410 Traditional Rental Income: $4478 Airbnb ROI: 0.11% Traditional ROI: 2.54%
501 Green Acres Street Bellaire, MI This beautifully upgraded home in a tranquil Bellaire neighborhood offers proximity to wat...	3 beds \| 2 baths \| 1,184 sq.ft.	$324,900	Airbnb cash on cash: 1.31% Traditional cash on cash: 4.23% Airbnb Rental Income: $1498 Traditional Rental Income: $1950 Airbnb ROI: 1.31% Traditional ROI: 4.23%
2418 Hawks Eye Drive Bellaire, MI Brand-new modern retreat in Northern Michigan, designed for privacy and easy access to yea...	3 beds \| 2 baths \| 1,700 sq.ft.	$619,000	Airbnb cash on cash: 0.53% Traditional cash on cash: 3.18% Airbnb Rental Income: $1498 Traditional Rental Income: $2591 Airbnb ROI: 0.53% Traditional ROI: 3.18%
2215 ROBINSON RIDGE Bellaire, MI Your dream home is currently under construction at 2215 Robinson Ridge on the 6th fairway ...	3 beds \| 3 baths \| 2,422 sq.ft.	$689,000	Airbnb cash on cash: 0.49% Traditional cash on cash: 3.51% Airbnb Rental Income: $1498 Traditional Rental Income: $3000 Airbnb ROI: 0.49% Traditional ROI: 3.51%
7655 Cottage Bellaire, MI Set on 2.74 acres with 212 feet of private frontage on Clam Lake, this beautifully updated...	3 beds \| 2 baths \| 2,496 sq.ft.	$1,250,000	Airbnb cash on cash: -0.4% Traditional cash on cash: 1.22% Airbnb Rental Income: $1498 Traditional Rental Income: $2942 Airbnb ROI: -0.4% Traditional ROI: 1.22%
211 N Beech Street Bellaire, MI Stunning Waterfront Home in the Village of Bellaire, Michigan Discover the charm of north...	5 beds \| 3 baths \| 3,505 sq.ft.	$799,000	Airbnb cash on cash: 1.45% Traditional cash on cash: 2.72% Airbnb Rental Income: $3459 Traditional Rental Income: $3645 Airbnb ROI: 1.45% Traditional ROI: 2.72%
Lot 8 Whitetail Drive Bellaire, MI Enjoy golf-course living in this brand-new 3-bed, 2-bath home overlooking the scenic 6th h...	3 beds \| 2 baths \| 1,814 sq.ft.	$450,000	Airbnb cash on cash: 1.12% Traditional cash on cash: 4.71% Airbnb Rental Income: $1498 Traditional Rental Income: $2574 Airbnb ROI: 1.12% Traditional ROI: 4.71%
4761 North Crossover Drive #603 Bellaire, MI Get ready for summer! This property has a full kitchen, living room, and deck with stairs...	1 beds \| 1 baths \| 600 sq.ft.	$169,900	Airbnb cash on cash: -4.05% Traditional cash on cash: 2.76% Airbnb Rental Income: $479 Traditional Rental Income: $1313 Airbnb ROI: -4.05% Traditional ROI: 2.76%
6479 Kliffendorf Drive #478 Bellaire, MI Shanty Creek 2-bedroom, 2-bath condo tucked away in the woods. Spacious living room with ...	2 beds \| 2 baths \| 875 sq.ft.	$274,900	Airbnb cash on cash: -0.94% Traditional cash on cash: 2.69% Airbnb Rental Income: $929 Traditional Rental Income: $1527 Airbnb ROI: -0.94% Traditional ROI: 2.69%
Vacant Land Johnson Rd Bellaire, MI Vacant Land Johnson Rd, Bellaire, MI 49615 \| Other	N/A beds \| N/A baths \| N/A	$59,900	Airbnb cash on cash: -0.11% Traditional cash on cash: 5.01% Airbnb Rental Income: $509 Traditional Rental Income: $543 Airbnb ROI: -0.11% Traditional ROI: 5.01%
4633 N Crossover Drive #506 Bellaire, MI Welcome to this beautifully updated, furnished, Main-Floor Condo perfectly positioned on t...	2 beds \| 3 baths \| 1,245 sq.ft.	$269,900	Airbnb cash on cash: -5.38% Traditional cash on cash: 1.67% Airbnb Rental Income: $929 Traditional Rental Income: $2380 Airbnb ROI: -5.38% Traditional ROI: 1.67%
2400 Troon South #4214 Bellaire, MI Totally remodeled and private corner suite facing westerly with incredible views of the go...	1 beds \| 1 baths \| 655 sq.ft.	$144,900	Airbnb cash on cash: -5.67% Traditional cash on cash: 2.59% Airbnb Rental Income: $479 Traditional Rental Income: $1358 Airbnb ROI: -5.67% Traditional ROI: 2.59%
2400 TROON SOUTH 4213 Bellaire, MI Experience effortless Up North living in this luxury 1-bedroom condotel at Cedar River Lod...	1 beds \| 1 baths \| 656 sq.ft.	$139,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 6.79% Airbnb Rental Income: $479 Traditional Rental Income: $1177 Airbnb ROI: -0.46% Traditional ROI: 6.79%
885 S M-88 Bellaire, MI Welcome to this stunning 3-bedroom, 2.5-bathroom lakefront home offering 2,448 square feet...	3 beds \| 3 baths \| 2,448 sq.ft.	$1,095,000	Airbnb cash on cash: -0.85% Traditional cash on cash: 1.33% Airbnb Rental Income: $1498 Traditional Rental Income: $3280 Airbnb ROI: -0.85% Traditional ROI: 1.33%
111 W FOREST HOME AVENUE Bellaire, MI Charming, updated farmhouse located in the heart of the Village of Bellaire! This 3-bedroo...	3 beds \| 2 baths \| 1,661 sq.ft.	$329,000	Airbnb cash on cash: 0.6% Traditional cash on cash: 4.25% Airbnb Rental Income: $1498 Traditional Rental Income: $2186 Airbnb ROI: 0.6% Traditional ROI: 4.25%

Real Estate investment in Bellaire, MI

There are 53 properties for sale in the city of Bellaire . The median list price in Bellaire is $507,450 and the average price per square foot is $215. In May 2026, the average monthly cash on cash return in Bellaire is 3.00%. The average monthly rental income in Bellaire is $2,303.

Bellaire, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 53 investment properties available for sale in Bellaire.

In 2026, the best neighborhood to buy investment property is Bellaire.

The ROI for Short-Term is higher than the Long-Term in Bellaire with average rental income of $1,498.

Your search for investment property begins and ends here

Investment Property for Sale in Bellaire, MI

2400 Troon South #4002

Bellaire, MI

1 beds | 1 baths | 594 sq.ft.

$119,000

Airbnb cash on cash: -6.94%

Traditional cash on cash: 2.29%

Airbnb Rental Income: $479

Traditional Rental Income: $1270

Airbnb ROI: -6.94%

Traditional ROI: 2.29%

2400 TROON SOUTH

Bellaire, MI

1 beds | 1 baths | 656 sq.ft.

$139,000

Airbnb cash on cash: -5.43%

Traditional cash on cash: 1.51%

Airbnb Rental Income: $479

Traditional Rental Income: $1136

Airbnb ROI: -5.43%

Traditional ROI: 1.51%

5811 East Village Drive

Bellaire, MI

4 beds | 3 baths | 1,970 sq.ft.

$599,900

Airbnb cash on cash: 0.55%

Traditional cash on cash: 2.14%

Airbnb Rental Income: $2410

Traditional Rental Income: $2709

Airbnb ROI: 0.55%

Traditional ROI: 2.14%

6985 Grindel Strause

Bellaire, MI

3 beds | 2 baths | 1,580 sq.ft.

$359,900

Airbnb cash on cash: 0.23%

Traditional cash on cash: 3.77%

Airbnb Rental Income: $1498

Traditional Rental Income: $2256

Airbnb ROI: 0.23%

Traditional ROI: 3.77%

501 Green Acres

Bellaire, MI

3 beds | 2 baths | 1,184 sq.ft.

$324,900

Airbnb cash on cash: 1.34%

Traditional cash on cash: 4.37%

Airbnb Rental Income: $1498

Traditional Rental Income: $1985

Airbnb ROI: 1.34%

Traditional ROI: 4.37%

6340 Courcheval Lane

Bellaire, MI

4 beds | 2 baths | 1,938 sq.ft.

$489,900

Airbnb cash on cash: 1.89%

Traditional cash on cash: 3.39%

Airbnb Rental Income: $2410

Traditional Rental Income: $2507

Airbnb ROI: 1.89%

Traditional ROI: 3.39%

2400 Troon South #4102

Bellaire, MI

1 beds | 1 baths | 622 sq.ft.

$110,000

Airbnb cash on cash: -7.1%

Traditional cash on cash: 2.85%

Airbnb Rental Income: $479

Traditional Rental Income: $1269

Airbnb ROI: -7.1%

Traditional ROI: 2.85%

6994 Obervalden Drive

Bellaire, MI

3 beds | 3 baths | 2,134 sq.ft.

$599,000

Airbnb cash on cash: 0.15%

Traditional cash on cash: 3.2%

Airbnb Rental Income: $1498

Traditional Rental Income: $2764

Airbnb ROI: 0.15%