Real Estate Investment Properties for Sale in Lake Leelanau, MI

Looking for investment property in Lake Leelanau, MI with high ROI ?

Explore a variety of short-term homes & houses in Lake Leelanau, MI. Invest wisely with VRBO & Lake Leelanau, 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 Lake Leelanau, MI

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
1435 S French Road Lake Leelanau, MI Own a Leelanau Icon with Acreage & Charm! This meticulously remodeled 1930s stone farmhous...	2 beds \| 3 baths \| 1,680 sq.ft.	$1,300,000	Airbnb cash on cash: -1.63% Traditional cash on cash: -0.6% Airbnb Rental Income: $1642 Traditional Rental Income: $2432 Airbnb ROI: -1.63% Traditional ROI: -0.6%
2481 S SCHOMBERG ROAD Lake Leelanau, MI Set among mature hardwoods in the heart of the Leelanau Peninsula, this private Lindal Ced...	3 beds \| 2 baths \| 1,300 sq.ft.	$875,000	Airbnb cash on cash: 0.31% Traditional cash on cash: 1.34% Airbnb Rental Income: $1770 Traditional Rental Income: $2132 Airbnb ROI: 0.31% Traditional ROI: 1.34%
407 N Twin Pines Drive Lake Leelanau, MI LOCATION, LOCATION, LOCATION. Experience Northern living at its best. This custom built, 3...	4 beds \| 3 baths \| 3,390 sq.ft.	$2,690,000	Airbnb cash on cash: -0.85% Traditional cash on cash: -0.16% Airbnb Rental Income: $2226 Traditional Rental Income: $3378 Airbnb ROI: -0.85% Traditional ROI: -0.16%
4740 E Water View Drive Lake Leelanau, MI Move-in ready and thoughtfully designed, this 2018-built home offers peace of mind with a ...	3 beds \| 3 baths \| 2,400 sq.ft.	$724,900	Airbnb cash on cash: 0.15% Traditional cash on cash: 3.02% Airbnb Rental Income: $1770 Traditional Rental Income: $3227 Airbnb ROI: 0.15% Traditional ROI: 3.02%
4740 E Water View Dr Lot : 35 Lake Leelanau, MI 4740 E Water View Dr Lot : 35, Lake Leelanau, MI 49653 \| Single Family Residential	3 beds \| 3 baths \| 1,800 sq.ft.	$724,900	Airbnb cash on cash: -0.86% Traditional cash on cash: 0.88% Airbnb Rental Income: $1770 Traditional Rental Income: $2464 Airbnb ROI: -0.86% Traditional ROI: 0.88%
#-40 E North Wind Trl Lake Leelanau, MI #-40 E North Wind Trl, Lake Leelanau, MI 49653 \| Other	N/A beds \| N/A baths \| N/A	$249,900	Airbnb cash on cash: 2.26% Traditional cash on cash: -0.64% Airbnb Rental Income: $1691 Traditional Rental Income: $537 Airbnb ROI: 2.26% Traditional ROI: -0.64%
2075 S Lake Leelanau Lake Leelanau, MI Just minutes from Lake Leelanau, Suttons Bay, and Leland, this 3-bedroom, 2.5-bath ranch o...	3 beds \| 3 baths \| 1,894 sq.ft.	$799,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 0.5% Airbnb Rental Income: $1770 Traditional Rental Income: $2352 Airbnb ROI: -0.93% Traditional ROI: 0.5%

Real Estate investment in Lake-leelanau, MI

There are 7 properties for sale in the city of Lake Leelanau . The median list price in Lake Leelanau is $799,000 and the average price per square foot is $385. In March 2026, the average monthly cash on cash return in Lake Leelanau is N/A%. The average monthly rental income in Lake Leelanau is $2,392.

Lake-leelanau, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 7 investment properties available for sale in Lake-leelanau.

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

The ROI for Long-Term is higher than the Short-Term in Lake-leelanau with average rental income of $2,392.

Your search for investment property begins and ends here

Investment Property for Sale in Lake Leelanau, MI

1435 S French Road

Lake Leelanau, MI

2 beds | 3 baths | 1,680 sq.ft.

$1,300,000

Airbnb cash on cash: -1.63%

Traditional cash on cash: -0.6%

Airbnb Rental Income: $1642

Traditional Rental Income: $2432

Airbnb ROI: -1.63%

Traditional ROI: -0.6%

2481 S SCHOMBERG ROAD

Lake Leelanau, MI

3 beds | 2 baths | 1,300 sq.ft.

$875,000

Airbnb cash on cash: 0.31%

Traditional cash on cash: 1.34%

Airbnb Rental Income: $1770

Traditional Rental Income: $2132

Airbnb ROI: 0.31%

Traditional ROI: 1.34%

407 N Twin Pines Drive

Lake Leelanau, MI

4 beds | 3 baths | 3,390 sq.ft.

$2,690,000

Airbnb cash on cash: -0.85%

Traditional cash on cash: -0.16%

Airbnb Rental Income: $2226

Traditional Rental Income: $3378

Airbnb ROI: -0.85%

Traditional ROI: -0.16%

4740 E Water View Drive

Lake Leelanau, MI

3 beds | 3 baths | 2,400 sq.ft.

$724,900

Airbnb cash on cash: 0.15%

Traditional cash on cash: 3.02%

Airbnb Rental Income: $1770

Traditional Rental Income: $3227

Airbnb ROI: 0.15%

Traditional ROI: 3.02%

4740 E Water View Dr Lot : 35

Lake Leelanau, MI

3 beds | 3 baths | 1,800 sq.ft.

$724,900

Airbnb cash on cash: -0.86%

Traditional cash on cash: 0.88%

Airbnb Rental Income: $1770

Traditional Rental Income: $2464

Airbnb ROI: -0.86%

Traditional ROI: 0.88%

#-40 E North Wind Trl

Lake Leelanau, MI

N/A beds | N/A baths | N/A

$249,900

Airbnb cash on cash: 2.26%

Traditional cash on cash: -0.64%

Airbnb Rental Income: $1691

Traditional Rental Income: $537

Airbnb ROI: 2.26%

Traditional ROI: -0.64%

2075 S Lake Leelanau

Lake Leelanau, MI

3 beds | 3 baths | 1,894 sq.ft.

$799,000

Airbnb cash on cash: -0.93%

Traditional cash on cash: 0.5%

Airbnb Rental Income: $1770

Traditional Rental Income: $2352

Airbnb ROI: -0.93%

Traditional ROI: 0.5%

Real Estate investment in Lake-leelanau, MI

Lake-leelanau, MI Real Estate Investing: FAQs for Buyers, Sellers and Investors

How many investment properties are available for sale in Lake-leelanau?

Which neighborhoods in Lake-leelanau to invest in 2026?

Long-Term vs. Short-Term Rentals in Lake-leelanau, Michigan: Which will earn the best returns?

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