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

separator

PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
533 S Lake Shore Drive Lake Leelanau, MI Tucked along the Narrows of Lake Leelanau, this property delivers what most only daydream ...	3 beds \| 3 baths \| 1,720 sq.ft.	$1,250,000	Airbnb cash on cash: -2.07% Traditional cash on cash: -0.27% Airbnb Rental Income: $984 Traditional Rental Income: $2721 Airbnb ROI: -2.07% Traditional ROI: -0.27%
1435 S French Road Lake Leelanau, MI Own a Leelanau Icon with Acreage & Charm! Step into an idyll at 1435 S French Road, Lake ...	2 beds \| 3 baths \| 1,680 sq.ft.	$1,895,000	Airbnb cash on cash: -1.94% Traditional cash on cash: -1.2% Airbnb Rental Income: $1596 Traditional Rental Income: $2432 Airbnb ROI: -1.94% Traditional ROI: -1.2%
2360 N Lake Leelanau Drive Lake Leelanau, MI Introducing the Wayfarer Treehouse, an exquisite residence in the heart of Leelanau. This ...	3 beds \| 3 baths \| 1,200 sq.ft.	$749,000	Airbnb cash on cash: -0.61% Traditional cash on cash: 1.57% Airbnb Rental Income: $984 Traditional Rental Income: $2151 Airbnb ROI: -0.61% Traditional ROI: 1.57%
4537 E DUCK LAKE ROAD Lake Leelanau, MI Located on the south shore of North Lake Leelanau at the end of a private road just 2.1 mi...	5 beds \| 5 baths \| 3,700 sq.ft.	$3,750,000	Airbnb cash on cash: -1.72% Traditional cash on cash: -1.42% Airbnb Rental Income: $3720 Traditional Rental Income: $3969 Airbnb ROI: -1.72% Traditional ROI: -1.42%
102 W Philip Street Lake Leelanau, MI This fantastic home is located on the best corner in Lake Leelanau. A stones throw from wi...	5 beds \| 2 baths \| 2,000 sq.ft.	$850,000	Airbnb cash on cash: 1.03% Traditional cash on cash: 0.42% Airbnb Rental Income: $3720 Traditional Rental Income: $2432 Airbnb ROI: 1.03% Traditional ROI: 0.42%
3275 S Sunrise Lane Lake Leelanau, MI Offering high ceilings, open spaces and panoramic views of Lake Leelanau, this home was de...	4 beds \| 3 baths \| 2,668 sq.ft.	$1,350,000	Airbnb cash on cash: 0.13% Traditional cash on cash: 0.86% Airbnb Rental Income: $2950 Traditional Rental Income: $3185 Airbnb ROI: 0.13% Traditional ROI: 0.86%
580 N Popp Road Lake Leelanau, MI Completely remodeled in 2024 and being sold fully furnished, this three-bedroom, two-bathr...	3 beds \| 2 baths \| 1,080 sq.ft.	$435,000	Airbnb cash on cash: -1.2% Traditional cash on cash: 2.25% Airbnb Rental Income: $984 Traditional Rental Income: $2037 Airbnb ROI: -1.2% Traditional ROI: 2.25%
4683 E Water View Drive Lake Leelanau, MI This stunning contemporary home offers an abundance of space, privacy, and versatility for...	5 beds \| 3 baths \| 4,901 sq.ft.	$995,000	Airbnb cash on cash: 1.36% Traditional cash on cash: 1.83% Airbnb Rental Income: $3720 Traditional Rental Income: $3347 Airbnb ROI: 1.36% Traditional ROI: 1.83%
2481 S SCHOMBERG ROAD Lake Leelanau, MI Nestled in the heart of Leelanau County, a treasure awaits on 31 acres of privacy. This cu...	3 beds \| 2 baths \| 1,300 sq.ft.	$895,000	Airbnb cash on cash: -0.51% Traditional cash on cash: 1.29% Airbnb Rental Income: $984 Traditional Rental Income: $2132 Airbnb ROI: -0.51% Traditional ROI: 1.29%
3764 S Grants Landing Lake Leelanau, MI Spend the day boating on stunning Lake Leelanau. Nineteen miles to explore on this highly ...	3 beds \| 2 baths \| 1,160 sq.ft.	$880,000	Airbnb cash on cash: -0.77% Traditional cash on cash: 1.04% Airbnb Rental Income: $984 Traditional Rental Income: $2112 Airbnb ROI: -0.77% Traditional ROI: 1.04%
1501 S Ruby Lane Lake Leelanau, MI Tucked away at the end of a private road, atop a scenic ridge, this one-of-a-kind Leelanau...	4 beds \| 3 baths \| 2,189 sq.ft.	$1,099,000	Airbnb cash on cash: 0.9% Traditional cash on cash: 1.76% Airbnb Rental Income: $2950 Traditional Rental Income: $3144 Airbnb ROI: 0.9% Traditional ROI: 1.76%
3046 E Greenwood Road Lake Leelanau, MI *Celebrate âThe Good Lifeâ in Good Harbor! *Located within Sleeping Bear Dunes Nat...	4 beds \| 4 baths \| 4,041 sq.ft.	$1,749,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 1.34% Airbnb Rental Income: $2950 Traditional Rental Income: $4012 Airbnb ROI: 0.26% Traditional ROI: 1.34%
3802 S GRANTS LANDING Lake Leelanau, MI Stunning South Lake Leelanau Waterfront property with 100 Ft of private frontage and west ...	3 beds \| 2 baths \| 1,876 sq.ft.	$1,075,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 1.14% Airbnb Rental Income: $984 Traditional Rental Income: $2699 Airbnb ROI: -0.93% Traditional ROI: 1.14%
00 S Lake Leelanau Drive Lake Leelanau, MI Remarkable opportunity to build a classic Northern Michigan cottage on Lake Leelanau with ...	4 beds \| 4 baths \| 1,950 sq.ft.	$2,295,000	Airbnb cash on cash: N/A Traditional cash on cash: 0.73% Airbnb Rental Income: $2950 Traditional Rental Income: $3820 Airbnb ROI: N/A Traditional ROI: 0.73%
521 S Lake Shore Drive Lake Leelanau, MI Where luxury meets the shoreline. With 269 feet of private South Lake Leelanau frontage an...	4 beds \| 5 baths \| 4,011 sq.ft.	$3,395,000	Airbnb cash on cash: -1.02% Traditional cash on cash: -0.07% Airbnb Rental Income: $2950 Traditional Rental Income: $5255 Airbnb ROI: -1.02% Traditional ROI: -0.07%
62 S French Road Lake Leelanau, MI Finally, a charming, spacious, well maintained home in Leland Township that is actually af...	4 beds \| 2 baths \| 1,564 sq.ft.	$399,900	Airbnb cash on cash: 4.08% Traditional cash on cash: 4.23% Airbnb Rental Income: $2950 Traditional Rental Income: $2323 Airbnb ROI: 4.08% Traditional ROI: 4.23%
8500 E Horn Road Lake Leelanau, MI Northern Michigan Bliss Awaits! Welcome to 8500 E Horn Road, perfectly nestled in the hea...	3 beds \| 2 baths \| 1,154 sq.ft.	$379,900	Airbnb cash on cash: 0.13% Traditional cash on cash: 3.5% Airbnb Rental Income: $984 Traditional Rental Income: $1832 Airbnb ROI: 0.13% Traditional ROI: 3.5%
89 S Lake Leelanau Drive Lake Leelanau, MI Charming stone cottage across the road from the boat launch to the east side of Lake Leela...	2 beds \| 2 baths \| 890 sq.ft.	$365,000	Airbnb cash on cash: 0.93% Traditional cash on cash: 2.97% Airbnb Rental Income: $1596 Traditional Rental Income: $1838 Airbnb ROI: 0.93% Traditional ROI: 2.97%
116 W Meinard Street Lake Leelanau, MI Unique opportunity to live in downtown Lake Leelanau. Home renovated from a bank house to ...	1 beds \| 1 baths \| 1,561 sq.ft.	$348,500	Airbnb cash on cash: 2.8% Traditional cash on cash: 2.87% Airbnb Rental Income: $1886 Traditional Rental Income: $1406 Airbnb ROI: 2.8% Traditional ROI: 2.87%
407 N Twin Pines Drive Lake Leelanau, MI Experience lakeside living at its finest with this exceptional custom home featuring 200 f...	4 beds \| 3 baths \| 3,390 sq.ft.	$2,690,000	Airbnb cash on cash: -0.6% Traditional cash on cash: -0.16% Airbnb Rental Income: $2950 Traditional Rental Income: $3378 Airbnb ROI: -0.6% Traditional ROI: -0.16%

Real Estate investment in Lake-leelanau, MI

There are 20 properties for sale in the city of Lake Leelanau . The median list price in Lake Leelanau is $1,035,000 and the average price per square foot is $467. In September 2025, the average monthly cash on cash return in Lake Leelanau is 1.00%. The average monthly rental income in Lake Leelanau is $2,566.

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

There are 20 investment properties available for sale in Lake-leelanau.

In 2025, 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 $2,566.

Your search for investment property begins and ends here

Investment Property for Sale in Lake Leelanau, MI

533 S Lake Shore Drive

Lake Leelanau, MI

3 beds | 3 baths | 1,720 sq.ft.

$1,250,000

Airbnb cash on cash: -2.07%

Traditional cash on cash: -0.27%

Airbnb Rental Income: $984

Traditional Rental Income: $2721

Airbnb ROI: -2.07%

Traditional ROI: -0.27%

1435 S French Road

Lake Leelanau, MI

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

$1,895,000

Airbnb cash on cash: -1.94%

Traditional cash on cash: -1.2%

Airbnb Rental Income: $1596

Traditional Rental Income: $2432

Airbnb ROI: -1.94%

Traditional ROI: -1.2%

2360 N Lake Leelanau Drive

Lake Leelanau, MI

3 beds | 3 baths | 1,200 sq.ft.

$749,000

Airbnb cash on cash: -0.61%

Traditional cash on cash: 1.57%

Airbnb Rental Income: $984

Traditional Rental Income: $2151

Airbnb ROI: -0.61%

Traditional ROI: 1.57%

4537 E DUCK LAKE ROAD

Lake Leelanau, MI

5 beds | 5 baths | 3,700 sq.ft.

$3,750,000

Airbnb cash on cash: -1.72%

Traditional cash on cash: -1.42%

Airbnb Rental Income: $3720

Traditional Rental Income: $3969

Airbnb ROI: -1.72%

Traditional ROI: -1.42%

102 W Philip Street

Lake Leelanau, MI

5 beds | 2 baths | 2,000 sq.ft.

$850,000

Airbnb cash on cash: 1.03%

Traditional cash on cash: 0.42%

Airbnb Rental Income: $3720

Traditional Rental Income: $2432

Airbnb ROI: 1.03%

Traditional ROI: 0.42%

3275 S Sunrise Lane

Lake Leelanau, MI

4 beds | 3 baths | 2,668 sq.ft.

$1,350,000

Airbnb cash on cash: 0.13%

Traditional cash on cash: 0.86%

Airbnb Rental Income: $2950

Traditional Rental Income: $3185

Airbnb ROI: 0.13%

Traditional ROI: 0.86%

580 N Popp Road

Lake Leelanau, MI

3 beds | 2 baths | 1,080 sq.ft.

$435,000

Airbnb cash on cash: -1.2%

Traditional cash on cash: 2.25%

Airbnb Rental Income: $984

Traditional Rental Income: $2037

Airbnb ROI: -1.2%

Traditional ROI: 2.25%

4683 E Water View Drive

Lake Leelanau, MI

5 beds | 3 baths | 4,901 sq.ft.

$995,000

Airbnb cash on cash: 1.36%

Traditional cash on cash: 1.83%

Airbnb Rental Income: $3720

Traditional Rental Income: $3347

Airbnb ROI: 1.36%